Can I retire at age 50 with 957,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$79,028$78,324$77,637$76,967$76,313$75,991
2 years$39,123$38,394$37,688$37,003$36,339$36,015
3 years$25,823$25,091$24,387$23,708$23,055$22,737
4 years$19,174$18,445$17,747$17,081$16,443$16,135
5 years$15,186$14,461$13,773$13,120$12,500$12,202
6 years$12,528$11,808$11,130$10,492$9,891$9,603
7 years$10,630$9,917$9,249$8,626$8,044$7,767
8 years$9,208$8,500$7,844$7,236$6,673$6,408
9 years$8,102$7,401$6,756$6,164$5,620$5,365
10 years$7,217$6,524$5,890$5,313$4,788$4,544
11 years$6,494$5,808$5,186$4,624$4,118$3,885
12 years$5,892$5,213$4,602$4,056$3,569$3,346
13 years$5,383$4,711$4,112$3,581$3,112$2,899
14 years$4,947$4,282$3,694$3,178$2,728$2,525
15 years$4,570$3,912$3,336$2,835$2,402$2,209
16 years$4,240$3,589$3,024$2,538$2,123$1,939
17 years$3,949$3,305$2,752$2,280$1,882$1,708
18 years$3,691$3,054$2,512$2,055$1,674$1,508
19 years$3,460$2,831$2,300$1,857$1,492$1,335
20 years$3,253$2,630$2,111$1,682$1,332$1,184
21 years$3,065$2,450$1,941$1,526$1,192$1,052
22 years$2,895$2,287$1,789$1,388$1,069$936
23 years$2,740$2,139$1,652$1,264$959$834
24 years$2,598$2,004$1,528$1,153$862$744
25 years$2,467$1,881$1,415$1,053$776$664
26 years$2,347$1,768$1,312$963$699$594
27 years$2,236$1,663$1,219$881$630$531
28 years$2,133$1,568$1,133$807$569$475
29 years$2,037$1,479$1,054$740$513$426
30 years$1,948$1,397$982$679$464$382
31 years$1,865$1,320$916$624$419$342
32 years$1,787$1,249$854$573$379$307
33 years$1,714$1,183$798$527$343$276
34 years$1,645$1,121$745$485$311$248
35 years$1,581$1,063$697$447$282$222
36 years$1,520$1,009$652$411$255$200
37 years$1,463$959$610$379$231$180
38 years$1,408$911$571$349$210$162
39 years$1,357$866$535$322$190$145
40 years$1,308$824$502$297$172$131
41 years$1,262$785$470$274$156$117
42 years$1,218$747$441$253$142$106
43 years$1,177$712$414$234$129$95
44 years$1,137$679$389$216$117$86
45 years$1,099$647$365$199$106$77
46 years$1,063$617$343$184$96$69
47 years$1,029$589$322$170$88$62
48 years$996$562$303$157$79$56
49 years$964$537$284$145$72$51
50 years$934$513$267$134$66$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $957,000, adding $3,298 every year, while hoping to spend $59,449 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: 73/18/9 Blend
49$957,000$957,000$957,000$957,000
50$1,058,016$1,007,295$992,461$1,133,349
51$1,102,680$993,399$962,456$1,169,617
52$1,149,908$976,830$929,452$1,201,583
53$1,199,897$957,394$893,288$1,234,941
54$1,252,866$934,885$853,792$1,269,812
55$1,309,051$909,086$810,786$1,306,327
56$1,368,710$879,768$764,084$1,344,636
57$1,432,129$846,687$713,491$1,384,902
58$1,499,616$809,584$658,803$1,427,307
59$1,571,511$768,188$599,807$1,472,054
60$1,648,186$722,210$536,281$1,519,366
61$1,730,048$671,346$467,994$1,569,491
62$1,817,542$615,271$394,701$1,622,706
63$1,911,159$553,647$316,151$1,679,317
64$2,011,434$486,112$232,078$1,739,661
65$2,118,954$412,286$142,207$1,804,115
66$2,234,366$331,767$46,250$1,873,096
67$2,358,378$244,129$0$1,947,065
68$2,491,765$148,925$0$2,031,925
69$2,635,383$45,679$0$2,127,942
70$2,790,167$0$0$2,231,330
71$2,957,148$0$0$2,355,909
72$3,137,456$0$0$2,500,235
73$3,332,334$0$0$2,656,259
74$3,543,147$0$0$2,825,079
75$3,771,397$0$0$3,007,901
76$4,018,734$0$0$3,206,054
77$4,286,973$0$0$3,420,996
78$4,578,110$0$0$3,654,331
79$4,894,339$0$0$3,907,825
80$5,238,076$0$0$4,183,419
81$5,611,976$0$0$4,483,249
82$6,018,962$0$0$4,809,665
83$6,462,250$0$0$5,165,253
84$6,945,377$0$0$5,552,858
85$7,472,238$0$0$5,975,613
86$8,047,120$0$0$6,436,964
87$8,674,741$0$0$6,940,706
88$9,360,293$0$0$7,491,016
89$10,109,494$0$0$8,092,491
90$10,928,640$0$0$8,750,195
91$11,824,659$0$0$9,469,700
92$12,805,184$0$0$10,257,146
93$13,878,615$0$0$11,119,289
94$15,054,207$0$0$12,063,573
95$16,342,148$0$0$13,098,191
96$17,753,661$0$0$14,232,172
97$19,301,103$0$0$15,475,454
98$20,998,086$0$0$16,838,986
99$22,859,601$0$0$18,334,827
100$24,902,162$0$0$19,976,259