Can I retire at age 50 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$79,028$78,324$77,637$76,967$76,313$75,705
2 years$39,123$38,394$37,688$37,003$36,339$35,727
3 years$25,823$25,091$24,387$23,708$23,055$22,457
4 years$19,174$18,445$17,747$17,081$16,443$15,863
5 years$15,186$14,461$13,773$13,120$12,500$11,940
6 years$12,528$11,808$11,130$10,492$9,891$9,352
7 years$10,630$9,917$9,249$8,626$8,044$7,527
8 years$9,208$8,500$7,844$7,236$6,673$6,178
9 years$8,102$7,401$6,756$6,164$5,620$5,145
10 years$7,217$6,524$5,890$5,313$4,788$4,335
11 years$6,494$5,808$5,186$4,624$4,118$3,685
12 years$5,892$5,213$4,602$4,056$3,569$3,156
13 years$5,383$4,711$4,112$3,581$3,112$2,719
14 years$4,947$4,282$3,694$3,178$2,728$2,354
15 years$4,570$3,912$3,336$2,835$2,402$2,047
16 years$4,240$3,589$3,024$2,538$2,123$1,786
17 years$3,949$3,305$2,752$2,280$1,882$1,563
18 years$3,691$3,054$2,512$2,055$1,674$1,372
19 years$3,460$2,831$2,300$1,857$1,492$1,206
20 years$3,253$2,630$2,111$1,682$1,332$1,063
21 years$3,065$2,450$1,941$1,526$1,192$938
22 years$2,895$2,287$1,789$1,388$1,069$829
23 years$2,740$2,139$1,652$1,264$959$734
24 years$2,598$2,004$1,528$1,153$862$650
25 years$2,467$1,881$1,415$1,053$776$577
26 years$2,347$1,768$1,312$963$699$512
27 years$2,236$1,663$1,219$881$630$455
28 years$2,133$1,568$1,133$807$569$404
29 years$2,037$1,479$1,054$740$513$359
30 years$1,948$1,397$982$679$464$320
31 years$1,865$1,320$916$624$419$285
32 years$1,787$1,249$854$573$379$254
33 years$1,714$1,183$798$527$343$226
34 years$1,645$1,121$745$485$311$201
35 years$1,581$1,063$697$447$282$180
36 years$1,520$1,009$652$411$255$160
37 years$1,463$959$610$379$231$143
38 years$1,408$911$571$349$210$127
39 years$1,357$866$535$322$190$114
40 years$1,308$824$502$297$172$101
41 years$1,262$785$470$274$156$91
42 years$1,218$747$441$253$142$81
43 years$1,177$712$414$234$129$72
44 years$1,137$679$389$216$117$64
45 years$1,099$647$365$199$106$58
46 years$1,063$617$343$184$96$51
47 years$1,029$589$322$170$88$46
48 years$996$562$303$157$79$41
49 years$964$537$284$145$72$37
50 years$934$513$267$134$66$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $957,000, adding $4,345 every year, while hoping to spend $55,531 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: 60/14/26 Blend
49$957,000$957,000$957,000$957,000
50$1,059,096$1,008,375$993,541$1,114,995
51$1,108,039$998,701$967,740$1,143,882
52$1,160,113$986,691$939,214$1,169,027
53$1,215,579$972,174$907,812$1,195,279
54$1,274,723$954,964$873,378$1,222,756
55$1,337,856$934,869$835,748$1,251,594
56$1,405,322$911,682$794,750$1,281,943
57$1,477,496$885,186$750,205$1,313,970
58$1,554,790$855,150$701,927$1,347,865
59$1,637,656$821,329$649,718$1,383,837
60$1,726,588$783,466$593,376$1,422,122
61$1,822,132$741,287$532,685$1,462,982
62$1,924,882$694,503$467,423$1,506,708
63$2,035,496$642,810$397,358$1,553,628
64$2,154,692$585,883$322,244$1,604,104
65$2,283,260$523,381$241,829$1,658,539
66$2,422,069$454,943$155,847$1,717,386
67$2,572,074$380,188$64,021$1,781,143
68$2,734,321$298,714$0$1,850,368
69$2,909,965$210,094$0$1,935,104
70$3,100,272$113,878$0$2,046,180
71$3,306,634$9,594$0$2,166,668
72$3,530,586$0$0$2,297,506
73$3,773,810$0$0$2,455,639
74$4,038,161$0$0$2,629,181
75$4,325,678$0$0$2,818,000
76$4,638,604$0$0$3,023,579
77$4,979,406$0$0$3,247,548
78$5,350,802$0$0$3,491,703
79$5,755,781$0$0$3,758,018
80$6,197,632$0$0$4,048,668
81$6,679,977$0$0$4,366,044
82$7,206,802$0$0$4,712,782
83$7,782,496$0$0$5,091,781
84$8,411,889$0$0$5,506,235
85$9,100,301$0$0$5,959,658
86$9,853,588$0$0$6,455,922
87$10,678,200$0$0$6,999,288
88$11,581,238$0$0$7,594,451
89$12,570,523$0$0$8,246,580
90$13,654,667$0$0$8,961,367
91$14,843,155$0$0$9,745,081
92$16,146,433$0$0$10,604,629
93$17,576,008$0$0$11,547,615
94$19,144,553$0$0$12,582,417
95$20,866,027$0$0$13,718,263
96$22,755,807$0$0$14,965,317
97$24,830,829$0$0$16,334,776
98$27,109,752$0$0$17,838,974
99$29,613,131$0$0$19,491,498
100$32,363,606$0$0$21,307,319