Can I retire at age 50 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$79,276$78,570$77,881$77,208$76,552$76,101
2 years$39,245$38,515$37,806$37,119$36,453$35,999
3 years$25,904$25,170$24,463$23,783$23,127$22,683
4 years$19,234$18,502$17,803$17,134$16,495$16,064
5 years$15,234$14,506$13,816$13,161$12,539$12,123
6 years$12,567$11,845$11,165$10,525$9,922$9,521
7 years$10,664$9,948$9,278$8,653$8,069$7,684
8 years$9,236$8,527$7,869$7,259$6,694$6,324
9 years$8,127$7,424$6,777$6,183$5,637$5,283
10 years$7,240$6,544$5,909$5,330$4,803$4,464
11 years$6,515$5,826$5,202$4,638$4,131$3,807
12 years$5,911$5,229$4,617$4,068$3,580$3,270
13 years$5,400$4,725$4,125$3,592$3,122$2,827
14 years$4,963$4,295$3,706$3,188$2,736$2,456
15 years$4,584$3,924$3,346$2,844$2,409$2,142
16 years$4,253$3,600$3,034$2,546$2,129$1,876
17 years$3,961$3,316$2,760$2,288$1,888$1,647
18 years$3,702$3,064$2,520$2,062$1,679$1,450
19 years$3,471$2,839$2,307$1,863$1,496$1,280
20 years$3,263$2,639$2,117$1,687$1,337$1,132
21 years$3,075$2,458$1,947$1,531$1,196$1,003
22 years$2,904$2,294$1,795$1,392$1,072$890
23 years$2,748$2,146$1,657$1,268$962$790
24 years$2,606$2,010$1,533$1,156$865$703
25 years$2,475$1,887$1,420$1,056$778$626
26 years$2,354$1,773$1,317$966$701$558
27 years$2,243$1,669$1,223$884$632$497
28 years$2,140$1,572$1,136$810$570$444
29 years$2,044$1,483$1,058$743$515$396
30 years$1,954$1,401$985$682$465$354
31 years$1,871$1,324$918$626$421$317
32 years$1,792$1,253$857$575$381$283
33 years$1,719$1,187$800$529$344$253
34 years$1,650$1,125$748$487$312$227
35 years$1,586$1,067$699$448$282$203
36 years$1,525$1,013$654$413$256$182
37 years$1,467$962$612$380$232$163
38 years$1,413$914$573$350$210$146
39 years$1,361$869$537$323$191$131
40 years$1,312$827$503$298$173$117
41 years$1,266$787$472$275$157$105
42 years$1,222$750$443$254$142$94
43 years$1,180$714$415$234$129$84
44 years$1,141$681$390$216$117$76
45 years$1,103$649$366$200$106$68
46 years$1,067$619$344$185$97$61
47 years$1,032$591$323$170$88$55
48 years$999$564$304$158$80$49
49 years$967$539$285$146$72$44
50 years$937$515$268$135$66$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $960,000, adding $4,769 every year, while hoping to spend $24,881 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: 49/22/29 Blend
49$960,000$960,000$960,000$960,000
50$1,062,839$1,011,959$997,079$1,105,945
51$1,144,776$1,035,072$1,004,008$1,159,812
52$1,234,236$1,058,483$1,010,335$1,215,477
53$1,331,960$1,082,182$1,016,014$1,275,478
54$1,438,766$1,106,154$1,020,996$1,340,239
55$1,555,550$1,130,386$1,025,230$1,410,225
56$1,683,303$1,154,861$1,028,661$1,485,952
57$1,823,112$1,179,562$1,031,234$1,567,987
58$1,976,177$1,204,468$1,032,888$1,656,953
59$2,143,819$1,229,559$1,033,562$1,753,542
60$2,327,492$1,254,811$1,033,189$1,858,513
61$2,528,797$1,280,197$1,031,702$1,972,704
62$2,749,497$1,305,690$1,029,027$2,097,040
63$2,991,537$1,331,260$1,025,090$2,232,540
64$3,257,054$1,356,872$1,019,812$2,380,328
65$3,548,407$1,382,492$1,013,108$2,541,644
66$3,868,189$1,408,079$1,004,893$2,717,854
67$4,219,262$1,433,593$995,074$2,910,465
68$4,604,775$1,458,986$983,557$3,121,139
69$5,028,197$1,484,212$970,241$3,351,709
70$5,493,351$1,509,216$955,022$3,604,194
71$6,004,447$1,533,942$937,789$3,880,823
72$6,566,124$1,558,329$918,429$4,184,052
73$7,183,493$1,582,311$896,821$4,516,590
74$7,862,184$1,605,819$872,839$4,881,424
75$8,608,400$1,628,777$846,352$5,281,844
76$9,428,974$1,651,104$817,222$5,721,484
77$10,331,436$1,672,715$785,305$6,204,344
78$11,324,081$1,693,517$750,452$6,734,839
79$12,416,050$1,713,411$712,504$7,317,834
80$13,617,412$1,732,294$671,298$7,958,693
81$14,939,263$1,750,051$626,662$8,663,331
82$16,393,828$1,766,564$578,416$9,438,267
83$17,994,578$1,781,706$526,372$10,290,690
84$19,756,355$1,795,339$470,336$11,228,524
85$21,695,513$1,807,320$410,102$12,260,506
86$23,830,071$1,817,495$345,456$13,396,266
87$26,179,885$1,825,698$276,175$14,646,421
88$28,766,833$1,831,757$202,026$16,022,675
89$31,615,022$1,835,486$122,767$17,537,931
90$34,751,017$1,836,687$38,142$19,206,410
91$38,204,088$1,835,152$0$21,043,792
92$42,006,489$1,830,659$0$23,083,500
93$46,193,761$1,822,971$0$25,342,087
94$50,805,067$1,811,839$0$27,828,828
95$55,883,562$1,796,997$0$30,566,963
96$61,476,799$1,778,164$0$33,582,104
97$67,637,180$1,755,041$0$36,902,478
98$74,422,446$1,727,312$0$40,559,191
99$81,896,227$1,694,642$0$44,586,522
100$90,128,638$1,656,675$0$49,022,251