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%17.2%
1 years$79,028$78,324$77,637$76,967$76,313$74,077
2 years$39,123$38,394$37,688$37,003$36,339$34,106
3 years$25,823$25,091$24,387$23,708$23,055$20,893
4 years$19,174$18,445$17,747$17,081$16,443$14,369
5 years$15,186$14,461$13,773$13,120$12,500$10,519
6 years$12,528$11,808$11,130$10,492$9,891$8,005
7 years$10,630$9,917$9,249$8,626$8,044$6,254
8 years$9,208$8,500$7,844$7,236$6,673$4,978
9 years$8,102$7,401$6,756$6,164$5,620$4,017
10 years$7,217$6,524$5,890$5,313$4,788$3,276
11 years$6,494$5,808$5,186$4,624$4,118$2,693
12 years$5,892$5,213$4,602$4,056$3,569$2,229
13 years$5,383$4,711$4,112$3,581$3,112$1,854
14 years$4,947$4,282$3,694$3,178$2,728$1,549
15 years$4,570$3,912$3,336$2,835$2,402$1,299
16 years$4,240$3,589$3,024$2,538$2,123$1,092
17 years$3,949$3,305$2,752$2,280$1,882$920
18 years$3,691$3,054$2,512$2,055$1,674$777
19 years$3,460$2,831$2,300$1,857$1,492$657
20 years$3,253$2,630$2,111$1,682$1,332$556
21 years$3,065$2,450$1,941$1,526$1,192$472
22 years$2,895$2,287$1,789$1,388$1,069$400
23 years$2,740$2,139$1,652$1,264$959$340
24 years$2,598$2,004$1,528$1,153$862$289
25 years$2,467$1,881$1,415$1,053$776$246
26 years$2,347$1,768$1,312$963$699$209
27 years$2,236$1,663$1,219$881$630$178
28 years$2,133$1,568$1,133$807$569$151
29 years$2,037$1,479$1,054$740$513$129
30 years$1,948$1,397$982$679$464$110
31 years$1,865$1,320$916$624$419$94
32 years$1,787$1,249$854$573$379$80
33 years$1,714$1,183$798$527$343$68
34 years$1,645$1,121$745$485$311$58
35 years$1,581$1,063$697$447$282$49
36 years$1,520$1,009$652$411$255$42
37 years$1,463$959$610$379$231$36
38 years$1,408$911$571$349$210$31
39 years$1,357$866$535$322$190$26
40 years$1,308$824$502$297$172$22
41 years$1,262$785$470$274$156$19
42 years$1,218$747$441$253$142$16
43 years$1,177$712$414$234$129$14
44 years$1,137$679$389$216$117$12
45 years$1,099$647$365$199$106$10
46 years$1,063$617$343$184$96$9
47 years$1,029$589$322$170$88$7
48 years$996$562$303$157$79$6
49 years$964$537$284$145$72$5
50 years$934$513$267$134$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $957,000, adding $3,841 every year, while hoping to spend $39,418 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: 82/13/5 Blend
49$957,000$957,000$957,000$957,000
50$1,058,576$1,007,855$993,021$1,144,964
51$1,124,610$1,015,299$984,347$1,209,411
52$1,196,059$1,021,788$974,061$1,274,449
53$1,273,433$1,027,231$962,068$1,344,614
54$1,357,293$1,031,535$948,267$1,420,397
55$1,448,257$1,034,600$932,554$1,502,334
56$1,547,003$1,036,320$914,819$1,591,021
57$1,654,280$1,036,582$894,948$1,687,110
58$1,770,906$1,035,265$872,819$1,791,322
59$1,897,788$1,032,242$848,307$1,904,448
60$2,035,918$1,027,377$821,281$2,027,364
61$2,186,391$1,020,528$791,603$2,161,029
62$2,350,411$1,011,542$759,130$2,306,506
63$2,529,302$1,000,257$723,710$2,464,960
64$2,724,524$986,502$685,187$2,637,680
65$2,937,681$970,096$643,397$2,826,081
66$3,170,540$950,847$598,167$3,031,727
67$3,425,048$928,551$549,318$3,256,339
68$3,703,345$902,993$496,662$3,501,812
69$4,007,790$873,943$440,005$3,770,237
70$4,340,980$841,162$379,140$4,063,917
71$4,705,774$804,393$313,855$4,385,390
72$5,105,320$763,365$243,927$4,737,452
73$5,543,086$717,793$169,122$5,123,187
74$6,022,891$667,375$89,197$5,545,992
75$6,548,939$611,790$3,898$6,009,609
76$7,125,863$550,700$0$6,518,166
77$7,758,765$483,748$0$7,080,858
78$8,453,264$410,556$0$7,698,572
79$9,215,550$330,726$0$8,376,639
80$10,052,440$243,836$0$9,121,163
81$10,971,445$149,441$0$9,938,871
82$11,980,840$47,070$0$10,837,174
83$13,089,737$0$0$11,824,240
84$14,308,178$0$0$12,918,195
85$15,647,223$0$0$14,127,856
86$17,119,058$0$0$15,457,500
87$18,737,109$0$0$16,919,258
88$20,516,166$0$0$18,526,497
89$22,472,525$0$0$20,293,940
90$24,624,140$0$0$22,237,811
91$26,990,790$0$0$24,375,985
92$29,594,272$0$0$26,728,154
93$32,458,596$0$0$29,316,019
94$35,610,222$0$0$32,163,485
95$39,078,300$0$0$35,296,896
96$42,894,951$0$0$38,745,276
97$47,095,566$0$0$42,540,606
98$51,719,142$0$0$46,718,124
99$56,808,647$0$0$51,316,658
100$62,411,428$0$0$56,378,990