Can I retire at age 50 with 956,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$78,946$78,242$77,556$76,887$76,233$73,499
2 years$39,082$38,354$37,649$36,965$36,301$33,576
3 years$25,796$25,065$24,361$23,684$23,031$20,401
4 years$19,154$18,425$17,729$17,063$16,426$13,911
5 years$15,170$14,446$13,758$13,106$12,487$10,093
6 years$12,515$11,796$11,119$10,481$9,880$7,610
7 years$10,619$9,906$9,240$8,617$8,035$5,887
8 years$9,198$8,491$7,836$7,228$6,666$4,639
9 years$8,093$7,393$6,749$6,157$5,614$3,705
10 years$7,210$6,517$5,884$5,307$4,783$2,989
11 years$6,488$5,802$5,180$4,619$4,114$2,431
12 years$5,886$5,207$4,597$4,052$3,565$1,989
13 years$5,378$4,706$4,107$3,577$3,109$1,636
14 years$4,942$4,277$3,691$3,175$2,725$1,350
15 years$4,565$3,908$3,332$2,832$2,399$1,119
16 years$4,235$3,585$3,021$2,535$2,121$929
17 years$3,945$3,302$2,749$2,278$1,880$773
18 years$3,687$3,051$2,509$2,053$1,672$644
19 years$3,456$2,828$2,297$1,855$1,490$538
20 years$3,249$2,628$2,108$1,680$1,331$450
21 years$3,062$2,447$1,939$1,525$1,191$376
22 years$2,892$2,285$1,787$1,386$1,068$315
23 years$2,737$2,137$1,650$1,263$958$264
24 years$2,595$2,002$1,526$1,152$861$221
25 years$2,465$1,879$1,414$1,052$775$186
26 years$2,345$1,766$1,311$962$698$156
27 years$2,234$1,662$1,217$880$630$131
28 years$2,131$1,566$1,132$806$568$110
29 years$2,035$1,477$1,053$740$513$92
30 years$1,946$1,395$981$679$463$78
31 years$1,863$1,319$915$623$419$65
32 years$1,785$1,248$853$573$379$55
33 years$1,712$1,182$797$527$343$46
34 years$1,644$1,120$744$485$311$39
35 years$1,579$1,062$696$446$281$33
36 years$1,518$1,008$651$411$255$27
37 years$1,461$958$609$379$231$23
38 years$1,407$910$571$349$209$19
39 years$1,356$865$535$322$190$16
40 years$1,307$823$501$297$172$14
41 years$1,261$784$470$274$156$11
42 years$1,217$746$441$253$142$10
43 years$1,175$711$414$233$129$8
44 years$1,136$678$388$215$117$7
45 years$1,098$646$365$199$106$6
46 years$1,062$617$342$184$96$5
47 years$1,028$589$322$170$87$4
48 years$995$562$302$157$79$3
49 years$963$537$284$145$72$3
50 years$933$513$267$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $956,000, adding $4,571 every year, while hoping to spend $46,930 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 41/29/30 Blend
49$956,000$956,000$956,000$956,000
50$1,058,227$1,007,559$992,741$1,092,125
51$1,116,233$1,006,996$976,065$1,116,603
52$1,178,583$1,004,833$957,257$1,138,388
53$1,245,670$1,000,941$936,196$1,161,093
54$1,317,926$995,185$912,757$1,184,832
55$1,395,826$987,421$886,806$1,209,735
56$1,479,891$977,496$858,205$1,235,948
57$1,570,695$965,247$826,809$1,263,636
58$1,668,865$950,504$792,467$1,292,984
59$1,775,095$933,085$755,020$1,324,200
60$1,890,144$912,795$714,303$1,357,518
61$2,014,849$889,433$670,142$1,393,201
62$2,150,129$862,780$622,358$1,431,541
63$2,296,996$832,610$570,760$1,472,868
64$2,456,560$798,679$515,151$1,517,550
65$2,630,046$760,731$455,326$1,565,997
66$2,818,800$718,496$391,068$1,618,669
67$3,024,302$671,686$322,153$1,676,077
68$3,248,182$620,000$248,346$1,738,794
69$3,492,232$563,116$169,402$1,807,455
70$3,758,427$500,695$85,064$1,882,771
71$4,048,938$432,381$0$1,965,532
72$4,366,157$357,795$0$2,058,196
73$4,712,715$276,537$0$2,189,323
74$5,091,511$188,186$0$2,332,833
75$5,505,733$92,295$0$2,490,033
76$5,958,895$0$0$2,662,366
77$6,454,865$0$0$2,855,130
78$6,997,900$0$0$3,098,553
79$7,592,691$0$0$3,365,299
80$8,244,403$0$0$3,657,701
81$8,958,723$0$0$3,978,325
82$9,741,915$0$0$4,330,001
83$10,600,879$0$0$4,715,843
84$11,543,213$0$0$5,139,282
85$12,577,289$0$0$5,604,099
86$13,712,326$0$0$6,114,456
87$14,958,479$0$0$6,674,940
88$16,326,936$0$0$7,290,603
89$17,830,020$0$0$7,967,010
90$19,481,308$0$0$8,710,293
91$21,295,754$0$0$9,527,206
92$23,289,836$0$0$10,425,191
93$25,481,705$0$0$11,412,446
94$27,891,358$0$0$12,498,003
95$30,540,826$0$0$13,691,814
96$33,454,384$0$0$15,004,843
97$36,658,774$0$0$16,449,169
98$40,183,461$0$0$18,038,103
99$44,060,910$0$0$19,786,307
100$48,326,888$0$0$21,709,941