Can I retire at age 50 with 958,000?

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 $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%14.8%
1 years$79,111$78,406$77,719$77,048$76,392$74,880
2 years$39,164$38,434$37,727$37,042$36,377$34,861
3 years$25,850$25,117$24,412$23,733$23,079$21,605
4 years$19,194$18,464$17,766$17,098$16,460$15,040
5 years$15,202$14,476$13,787$13,133$12,513$11,150
6 years$12,541$11,821$11,142$10,503$9,901$8,597
7 years$10,641$9,927$9,259$8,635$8,052$6,808
8 years$9,217$8,509$7,852$7,244$6,680$5,495
9 years$8,110$7,409$6,763$6,170$5,626$4,499
10 years$7,225$6,531$5,896$5,319$4,793$3,724
11 years$6,501$5,814$5,191$4,629$4,122$3,109
12 years$5,898$5,218$4,607$4,060$3,572$2,614
13 years$5,389$4,716$4,116$3,584$3,115$2,210
14 years$4,952$4,286$3,698$3,182$2,731$1,877
15 years$4,575$3,916$3,339$2,838$2,404$1,600
16 years$4,244$3,593$3,027$2,541$2,125$1,368
17 years$3,953$3,309$2,755$2,283$1,884$1,173
18 years$3,695$3,057$2,515$2,057$1,675$1,008
19 years$3,464$2,833$2,302$1,859$1,493$868
20 years$3,256$2,633$2,113$1,684$1,334$748
21 years$3,068$2,453$1,943$1,528$1,194$646
22 years$2,898$2,289$1,791$1,389$1,070$559
23 years$2,743$2,141$1,654$1,265$960$484
24 years$2,600$2,006$1,529$1,154$863$419
25 years$2,470$1,883$1,417$1,054$777$363
26 years$2,350$1,769$1,314$964$700$315
27 years$2,238$1,665$1,220$882$631$273
28 years$2,135$1,569$1,134$808$569$237
29 years$2,039$1,480$1,055$741$514$206
30 years$1,950$1,398$983$680$464$179
31 years$1,867$1,322$916$625$420$156
32 years$1,789$1,250$855$574$380$135
33 years$1,716$1,184$798$528$344$118
34 years$1,647$1,122$746$486$311$102
35 years$1,582$1,065$697$447$282$89
36 years$1,522$1,010$652$412$255$78
37 years$1,464$960$611$379$231$68
38 years$1,410$912$572$350$210$59
39 years$1,358$867$536$322$190$51
40 years$1,310$825$502$297$173$45
41 years$1,264$785$471$274$157$39
42 years$1,220$748$442$253$142$34
43 years$1,178$713$414$234$129$29
44 years$1,138$679$389$216$117$26
45 years$1,100$648$365$199$106$22
46 years$1,064$618$343$184$96$19
47 years$1,030$590$322$170$88$17
48 years$997$563$303$157$80$15
49 years$965$538$285$145$72$13
50 years$935$514$268$134$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $958,000, adding $3,998 every year, while hoping to spend $45,841 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: 57/27/16 Blend
49$958,000$958,000$958,000$958,000
50$1,059,840$1,009,066$994,217$1,115,613
51$1,119,169$1,009,736$978,749$1,154,571
52$1,183,014$1,008,902$961,226$1,191,658
53$1,251,785$1,006,442$941,531$1,231,025
54$1,325,937$1,002,228$919,542$1,272,898
55$1,405,966$996,120$895,130$1,317,530
56$1,492,419$987,974$868,161$1,365,201
57$1,585,895$977,635$838,495$1,416,221
58$1,687,056$964,939$805,984$1,470,934
59$1,796,626$949,711$770,475$1,529,721
60$1,915,403$931,768$731,807$1,593,005
61$2,044,265$910,915$689,813$1,661,254
62$2,184,175$886,945$644,317$1,734,986
63$2,336,195$859,640$595,136$1,814,775
64$2,501,492$828,767$542,078$1,901,258
65$2,681,350$794,083$484,943$1,995,139
66$2,877,182$755,327$423,523$2,097,197
67$3,090,542$712,225$357,598$2,208,296
68$3,323,141$664,488$286,942$2,329,390
69$3,576,862$611,809$211,315$2,461,537
70$3,853,778$553,863$130,470$2,605,904
71$4,156,170$490,309$44,147$2,763,786
72$4,486,549$420,784$0$2,936,613
73$4,847,679$344,905$0$3,134,156
74$5,242,606$262,268$0$3,358,550
75$5,674,679$172,446$0$3,604,235
76$6,147,589$74,990$0$3,873,400
77$6,665,401$0$0$4,168,462
78$7,232,588$0$0$4,501,175
79$7,854,078$0$0$4,890,238
80$8,535,300$0$0$5,316,779
81$9,282,229$0$0$5,784,551
82$10,101,449$0$0$6,297,687
83$11,000,211$0$0$6,860,741
84$11,986,502$0$0$7,478,729
85$13,069,120$0$0$8,157,174
86$14,257,754$0$0$8,902,163
87$15,563,079$0$0$9,720,398
88$16,996,856$0$0$10,619,266
89$18,572,037$0$0$11,606,900
90$20,302,894$0$0$12,692,264
91$22,205,149$0$0$13,885,232
92$24,296,122$0$0$15,196,680
93$26,594,894$0$0$16,638,593
94$29,122,489$0$0$18,224,175
95$31,902,068$0$0$19,967,972
96$34,959,151$0$0$21,886,011
97$38,321,853$0$0$23,995,952
98$42,021,152$0$0$26,317,250
99$46,091,179$0$0$28,871,343
100$50,569,541$0$0$31,681,849