Can I retire at age 50 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$79,193$78,488$77,800$77,128$76,472$74,623
2 years$39,205$38,474$37,767$37,081$36,415$34,564
3 years$25,877$25,143$24,438$23,758$23,103$21,307
4 years$19,214$18,483$17,784$17,116$16,477$14,750
5 years$15,218$14,491$13,801$13,147$12,526$10,872
6 years$12,554$11,833$11,154$10,514$9,911$8,333
7 years$10,652$9,937$9,269$8,644$8,061$6,558
8 years$9,227$8,518$7,861$7,251$6,687$5,260
9 years$8,119$7,417$6,770$6,176$5,631$4,278
10 years$7,232$6,537$5,903$5,324$4,798$3,517
11 years$6,508$5,820$5,196$4,634$4,127$2,916
12 years$5,905$5,224$4,612$4,064$3,576$2,434
13 years$5,395$4,721$4,120$3,588$3,118$2,043
14 years$4,958$4,291$3,702$3,185$2,734$1,722
15 years$4,579$3,920$3,342$2,841$2,407$1,456
16 years$4,249$3,596$3,030$2,543$2,127$1,236
17 years$3,957$3,312$2,758$2,285$1,886$1,051
18 years$3,698$3,061$2,517$2,059$1,677$896
19 years$3,467$2,836$2,304$1,861$1,495$765
20 years$3,259$2,636$2,115$1,685$1,335$655
21 years$3,071$2,455$1,945$1,530$1,195$560
22 years$2,901$2,292$1,793$1,391$1,071$480
23 years$2,745$2,143$1,655$1,267$961$412
24 years$2,603$2,008$1,531$1,155$864$354
25 years$2,472$1,885$1,418$1,055$778$304
26 years$2,352$1,771$1,315$965$700$262
27 years$2,241$1,667$1,221$883$631$225
28 years$2,137$1,571$1,135$809$570$194
29 years$2,041$1,482$1,056$742$515$167
30 years$1,952$1,399$984$681$465$144
31 years$1,869$1,323$917$625$420$124
32 years$1,791$1,252$856$575$380$107
33 years$1,717$1,185$799$528$344$92
34 years$1,649$1,124$747$486$312$79
35 years$1,584$1,066$698$448$282$68
36 years$1,523$1,011$653$412$256$59
37 years$1,466$961$611$380$232$51
38 years$1,411$913$572$350$210$44
39 years$1,360$868$536$323$190$38
40 years$1,311$826$503$298$173$33
41 years$1,265$786$471$275$157$28
42 years$1,221$749$442$254$142$24
43 years$1,179$713$415$234$129$21
44 years$1,139$680$389$216$117$18
45 years$1,102$649$366$200$106$16
46 years$1,065$619$343$184$97$13
47 years$1,031$590$323$170$88$12
48 years$998$564$303$157$80$10
49 years$966$538$285$145$72$9
50 years$936$514$268$134$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $959,000, adding $4,049 every year, while hoping to spend $30,619 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: 60/26/14 Blend
49$959,000$959,000$959,000$959,000
50$1,060,995$1,010,168$995,303$1,120,725
51$1,136,638$1,027,087$996,067$1,178,355
52$1,218,970$1,043,810$995,831$1,237,401
53$1,308,642$1,060,294$994,528$1,301,082
54$1,406,368$1,076,493$992,090$1,369,850
55$1,512,937$1,092,360$988,444$1,444,202
56$1,629,213$1,107,842$983,513$1,524,684
57$1,756,151$1,122,885$977,220$1,611,902
58$1,894,801$1,137,429$969,479$1,706,522
59$2,046,318$1,151,410$960,204$1,809,276
60$2,211,975$1,164,762$949,303$1,920,976
61$2,393,172$1,177,411$936,680$2,042,514
62$2,591,452$1,189,280$922,235$2,174,873
63$2,808,513$1,200,288$905,863$2,319,141
64$3,046,225$1,210,345$887,453$2,476,513
65$3,306,648$1,219,360$866,891$2,648,309
66$3,592,050$1,227,233$844,055$2,835,984
67$3,904,928$1,233,857$818,821$3,041,144
68$4,248,035$1,239,120$791,056$3,265,556
69$4,624,400$1,242,903$760,621$3,511,174
70$5,037,361$1,245,077$727,374$3,780,147
71$5,490,594$1,245,508$691,163$4,074,848
72$5,988,149$1,244,051$651,831$4,397,893
73$6,534,485$1,240,556$609,213$4,752,166
74$7,134,518$1,234,858$563,137$5,140,847
75$7,793,660$1,226,787$513,423$5,567,442
76$8,517,874$1,216,161$459,884$6,035,817
77$9,313,730$1,202,785$402,322$6,550,235
78$10,188,464$1,186,455$340,534$7,115,396
79$11,150,051$1,166,955$274,305$7,736,483
80$12,207,273$1,144,053$203,412$8,419,207
81$13,369,810$1,117,507$127,621$9,169,868
82$14,648,324$1,087,058$46,690$9,995,411
83$16,054,562$1,052,432$0$10,903,492
84$17,601,467$1,013,342$0$11,908,480
85$19,303,302$969,480$0$13,021,581
86$21,175,777$920,523$0$14,246,115
87$23,236,207$866,129$0$15,593,435
88$25,503,666$805,936$0$17,076,055
89$27,999,173$739,560$0$18,707,767
90$30,745,887$666,596$0$20,503,774
91$33,769,326$586,618$0$22,480,831
92$37,097,607$499,172$0$24,657,407
93$40,761,713$403,782$0$27,053,855
94$44,795,783$299,942$0$29,692,611
95$49,237,434$187,120$0$32,598,402
96$54,128,116$64,753$0$35,798,482
97$59,513,504$0$0$39,322,887
98$65,443,928$0$0$43,224,109
99$71,974,847$0$0$47,540,859
100$79,167,372$0$0$52,295,016