Can I retire at age 50 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$79,111$78,406$77,719$77,048$76,392$75,847
2 years$39,164$38,434$37,727$37,042$36,377$35,828
3 years$25,850$25,117$24,412$23,733$23,079$22,542
4 years$19,194$18,464$17,766$17,098$16,460$15,940
5 years$15,202$14,476$13,787$13,133$12,513$12,010
6 years$12,541$11,821$11,142$10,503$9,901$9,417
7 years$10,641$9,927$9,259$8,635$8,052$7,588
8 years$9,217$8,509$7,852$7,244$6,680$6,234
9 years$8,110$7,409$6,763$6,170$5,626$5,199
10 years$7,225$6,531$5,896$5,319$4,793$4,385
11 years$6,501$5,814$5,191$4,629$4,122$3,733
12 years$5,898$5,218$4,607$4,060$3,572$3,201
13 years$5,389$4,716$4,116$3,584$3,115$2,761
14 years$4,952$4,286$3,698$3,182$2,731$2,394
15 years$4,575$3,916$3,339$2,838$2,404$2,084
16 years$4,244$3,593$3,027$2,541$2,125$1,821
17 years$3,953$3,309$2,755$2,283$1,884$1,596
18 years$3,695$3,057$2,515$2,057$1,675$1,402
19 years$3,464$2,833$2,302$1,859$1,493$1,235
20 years$3,256$2,633$2,113$1,684$1,334$1,090
21 years$3,068$2,453$1,943$1,528$1,194$963
22 years$2,898$2,289$1,791$1,389$1,070$853
23 years$2,743$2,141$1,654$1,265$960$756
24 years$2,600$2,006$1,529$1,154$863$671
25 years$2,470$1,883$1,417$1,054$777$596
26 years$2,350$1,769$1,314$964$700$530
27 years$2,238$1,665$1,220$882$631$471
28 years$2,135$1,569$1,134$808$569$419
29 years$2,039$1,480$1,055$741$514$374
30 years$1,950$1,398$983$680$464$333
31 years$1,867$1,322$916$625$420$297
32 years$1,789$1,250$855$574$380$265
33 years$1,716$1,184$798$528$344$236
34 years$1,647$1,122$746$486$311$211
35 years$1,582$1,065$697$447$282$189
36 years$1,522$1,010$652$412$255$168
37 years$1,464$960$611$379$231$150
38 years$1,410$912$572$350$210$134
39 years$1,358$867$536$322$190$120
40 years$1,310$825$502$297$173$107
41 years$1,264$785$471$274$157$96
42 years$1,220$748$442$253$142$86
43 years$1,178$713$414$234$129$77
44 years$1,138$679$389$216$117$69
45 years$1,100$648$365$199$106$61
46 years$1,064$618$343$184$96$55
47 years$1,030$590$322$170$88$49
48 years$997$563$303$157$80$44
49 years$965$538$285$145$72$39
50 years$935$514$268$134$66$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $958,000, adding $5,831 every year, while hoping to spend $21,059 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: 34/45/21 Blend
49$958,000$958,000$958,000$958,000
50$1,061,731$1,010,957$996,108$1,090,838
51$1,147,621$1,038,087$1,007,071$1,140,018
52$1,241,565$1,065,841$1,017,695$1,190,669
53$1,344,365$1,094,227$1,027,947$1,244,857
54$1,456,898$1,123,252$1,037,792$1,302,907
55$1,580,136$1,152,925$1,047,192$1,365,179
56$1,715,145$1,183,254$1,056,108$1,432,066
57$1,863,100$1,214,244$1,064,498$1,504,005
58$2,025,297$1,245,902$1,072,320$1,581,473
59$2,203,161$1,278,235$1,079,526$1,664,997
60$2,398,262$1,311,248$1,086,069$1,755,159
61$2,612,331$1,344,945$1,091,898$1,852,598
62$2,847,272$1,379,331$1,096,960$1,958,017
63$3,105,185$1,414,409$1,101,199$2,072,194
64$3,388,380$1,450,181$1,104,556$2,195,982
65$3,699,406$1,486,651$1,106,969$2,330,323
66$4,041,066$1,523,817$1,108,374$2,476,255
67$4,416,452$1,561,681$1,108,701$2,634,921
68$4,828,967$1,600,241$1,107,880$2,807,581
69$5,282,364$1,639,495$1,105,836$2,995,622
70$5,780,773$1,679,439$1,102,490$3,200,574
71$6,328,748$1,720,067$1,097,759$3,424,122
72$6,931,304$1,761,374$1,091,558$3,668,124
73$7,593,967$1,803,351$1,083,795$3,934,628
74$8,322,825$1,845,989$1,074,375$4,225,888
75$9,124,586$1,889,275$1,063,200$4,544,392
76$10,006,641$1,933,197$1,050,165$4,892,879
77$10,977,133$1,977,738$1,035,160$5,274,370
78$12,045,035$2,022,881$1,018,072$5,692,193
79$13,220,232$2,068,606$998,780$6,150,017
80$14,513,617$2,114,889$977,161$6,651,885
81$15,937,192$2,161,705$953,082$7,202,255
82$17,504,182$2,209,025$926,407$7,806,037
83$19,229,159$2,256,818$896,992$8,468,645
84$21,128,180$2,305,048$864,688$9,196,048
85$23,218,937$2,353,678$829,337$9,994,821
86$25,520,924$2,402,665$790,776$10,872,214
87$28,055,625$2,451,962$748,834$11,836,217
88$30,846,710$2,501,519$703,330$12,895,636
89$33,920,262$2,551,280$654,079$14,060,177
90$37,305,022$2,601,187$600,885$15,340,538
91$41,032,662$2,651,173$543,542$16,748,512
92$45,138,081$2,701,168$481,838$18,297,094
93$49,659,736$2,751,095$415,550$20,000,609
94$54,640,002$2,800,873$344,445$21,874,846
95$60,125,578$2,850,411$268,279$23,937,207
96$66,167,920$2,899,614$186,799$26,206,869
97$72,823,731$2,948,378$99,740$28,704,975
98$80,155,495$2,996,592$6,825$31,454,821
99$88,232,066$3,044,136$0$34,482,088
100$97,129,321$3,090,883$0$37,835,768