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%14.7%
1 years$79,193$78,488$77,800$77,128$76,472$74,989
2 years$39,205$38,474$37,767$37,081$36,415$34,927
3 years$25,877$25,143$24,438$23,758$23,103$21,657
4 years$19,214$18,483$17,784$17,116$16,477$15,084
5 years$15,218$14,491$13,801$13,147$12,526$11,188
6 years$12,554$11,833$11,154$10,514$9,911$8,632
7 years$10,652$9,937$9,269$8,644$8,061$6,839
8 years$9,227$8,518$7,861$7,251$6,687$5,523
9 years$8,119$7,417$6,770$6,176$5,631$4,525
10 years$7,232$6,537$5,903$5,324$4,798$3,748
11 years$6,508$5,820$5,196$4,634$4,127$3,131
12 years$5,905$5,224$4,612$4,064$3,576$2,634
13 years$5,395$4,721$4,120$3,588$3,118$2,228
14 years$4,958$4,291$3,702$3,185$2,734$1,894
15 years$4,579$3,920$3,342$2,841$2,407$1,615
16 years$4,249$3,596$3,030$2,543$2,127$1,382
17 years$3,957$3,312$2,758$2,285$1,886$1,186
18 years$3,698$3,061$2,517$2,059$1,677$1,020
19 years$3,467$2,836$2,304$1,861$1,495$879
20 years$3,259$2,636$2,115$1,685$1,335$758
21 years$3,071$2,455$1,945$1,530$1,195$655
22 years$2,901$2,292$1,793$1,391$1,071$567
23 years$2,745$2,143$1,655$1,267$961$491
24 years$2,603$2,008$1,531$1,155$864$426
25 years$2,472$1,885$1,418$1,055$778$369
26 years$2,352$1,771$1,315$965$700$321
27 years$2,241$1,667$1,221$883$631$279
28 years$2,137$1,571$1,135$809$570$242
29 years$2,041$1,482$1,056$742$515$210
30 years$1,952$1,399$984$681$465$183
31 years$1,869$1,323$917$625$420$159
32 years$1,791$1,252$856$575$380$139
33 years$1,717$1,185$799$528$344$121
34 years$1,649$1,124$747$486$312$105
35 years$1,584$1,066$698$448$282$91
36 years$1,523$1,011$653$412$256$80
37 years$1,466$961$611$380$232$69
38 years$1,411$913$572$350$210$60
39 years$1,360$868$536$323$190$53
40 years$1,311$826$503$298$173$46
41 years$1,265$786$471$275$157$40
42 years$1,221$749$442$254$142$35
43 years$1,179$713$415$234$129$30
44 years$1,139$680$389$216$117$26
45 years$1,102$649$366$200$106$23
46 years$1,065$619$343$184$97$20
47 years$1,031$590$323$170$88$18
48 years$998$564$303$157$80$15
49 years$966$538$285$145$72$13
50 years$936$514$268$134$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $959,000, adding $3,012 every year, while hoping to spend $51,800 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: 42/32/26 Blend
49$959,000$959,000$959,000$959,000
50$1,059,925$1,009,098$994,233$1,096,261
51$1,112,922$1,003,429$972,425$1,116,942
52$1,169,590$995,746$948,151$1,134,185
53$1,230,246$985,896$921,272$1,151,850
54$1,295,242$973,716$891,646$1,170,008
55$1,364,963$959,034$859,122$1,188,737
56$1,439,829$941,666$823,542$1,208,130
57$1,520,304$921,421$784,744$1,228,292
58$1,606,897$898,092$742,555$1,249,344
59$1,700,165$871,463$696,795$1,271,422
60$1,800,722$841,305$647,277$1,294,684
61$1,909,240$807,373$593,805$1,319,306
62$2,026,460$769,412$536,175$1,345,490
63$2,153,194$727,148$474,172$1,373,464
64$2,290,336$680,295$407,573$1,403,485
65$2,438,868$628,547$336,145$1,435,842
66$2,599,871$571,584$259,644$1,470,862
67$2,774,531$509,065$177,815$1,508,914
68$2,964,155$440,631$90,394$1,550,408
69$3,170,179$365,902$0$1,595,809
70$3,394,184$284,478$0$1,646,440
71$3,637,907$195,934$0$1,728,892
72$3,903,262$99,823$0$1,818,796
73$4,192,354$0$0$1,916,967
74$4,507,498$0$0$2,025,832
75$4,851,243$0$0$2,183,028
76$5,226,396$0$0$2,354,701
77$5,636,045$0$0$2,542,278
78$6,083,590$0$0$2,747,331
79$6,572,773$0$0$2,971,590
80$7,107,715$0$0$3,216,960
81$7,692,955$0$0$3,485,540
82$8,333,486$0$0$3,779,639
83$9,034,811$0$0$4,101,801
84$9,802,987$0$0$4,454,828
85$10,644,686$0$0$4,841,805
86$11,567,255$0$0$5,266,130
87$12,578,785$0$0$5,731,545
88$13,688,189$0$0$6,242,173
89$14,905,283$0$0$6,802,555
90$16,240,879$0$0$7,417,692
91$17,706,886$0$0$8,093,093
92$19,316,423$0$0$8,834,826
93$21,083,941$0$0$9,649,579
94$23,025,360$0$0$10,544,714
95$25,158,214$0$0$11,528,345
96$27,501,825$0$0$12,609,412
97$30,077,474$0$0$13,797,760
98$32,908,609$0$0$15,104,238
99$36,021,061$0$0$16,540,800
100$39,443,290$0$0$18,120,612