Can I retire at age 50 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$79,358$78,652$77,962$77,289$76,631$75,926
2 years$39,286$38,555$37,846$37,158$36,491$35,780
3 years$25,931$25,196$24,489$23,808$23,152$22,457
4 years$19,254$18,522$17,821$17,152$16,512$15,840
5 years$15,249$14,521$13,830$13,174$12,552$11,904
6 years$12,580$11,858$11,177$10,536$9,932$9,309
7 years$10,675$9,958$9,288$8,662$8,077$7,479
8 years$9,246$8,536$7,877$7,266$6,701$6,128
9 years$8,135$7,432$6,784$6,189$5,643$5,095
10 years$7,248$6,551$5,915$5,335$4,808$4,285
11 years$6,522$5,832$5,207$4,643$4,135$3,636
12 years$5,917$5,234$4,621$4,073$3,584$3,108
13 years$5,406$4,730$4,129$3,596$3,125$2,673
14 years$4,968$4,300$3,710$3,192$2,739$2,310
15 years$4,589$3,928$3,349$2,847$2,412$2,004
16 years$4,258$3,604$3,037$2,549$2,132$1,745
17 years$3,966$3,319$2,763$2,290$1,890$1,524
18 years$3,706$3,067$2,523$2,064$1,681$1,335
19 years$3,474$2,842$2,309$1,865$1,498$1,171
20 years$3,266$2,641$2,119$1,689$1,338$1,030
21 years$3,078$2,460$1,949$1,533$1,197$907
22 years$2,907$2,297$1,797$1,394$1,073$800
23 years$2,751$2,148$1,659$1,269$963$706
24 years$2,609$2,012$1,534$1,158$866$624
25 years$2,478$1,889$1,421$1,057$779$552
26 years$2,357$1,775$1,318$967$702$489
27 years$2,245$1,670$1,224$885$633$433
28 years$2,142$1,574$1,138$811$571$384
29 years$2,046$1,485$1,059$743$516$341
30 years$1,956$1,402$986$682$466$303
31 years$1,873$1,326$919$627$421$269
32 years$1,794$1,254$858$576$381$239
33 years$1,721$1,188$801$530$345$212
34 years$1,652$1,126$748$487$312$189
35 years$1,587$1,068$700$449$283$168
36 years$1,526$1,014$654$413$256$149
37 years$1,469$963$613$381$232$133
38 years$1,414$915$574$351$211$118
39 years$1,363$870$537$323$191$105
40 years$1,314$828$504$298$173$94
41 years$1,268$788$472$275$157$83
42 years$1,223$750$443$254$143$74
43 years$1,182$715$416$235$129$66
44 years$1,142$681$390$217$117$59
45 years$1,104$650$366$200$107$52
46 years$1,068$620$344$185$97$47
47 years$1,033$592$323$171$88$42
48 years$1,000$565$304$158$80$37
49 years$968$539$286$146$72$33
50 years$938$515$269$135$66$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $961,000, adding $4,148 every year, while hoping to spend $44,090 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: 53/35/12 Blend
49$961,000$961,000$961,000$961,000
50$1,063,301$1,012,368$997,472$1,116,107
51$1,124,846$1,015,062$983,976$1,155,219
52$1,191,191$1,016,411$968,550$1,192,662
53$1,262,779$1,016,302$951,083$1,232,382
54$1,340,097$1,014,615$931,459$1,274,606
55$1,423,679$1,011,224$909,555$1,319,583
56$1,514,114$1,005,993$885,245$1,367,593
57$1,612,048$998,781$858,395$1,418,944
58$1,718,191$989,436$828,865$1,473,979
59$1,833,325$977,796$796,510$1,533,076
60$1,958,308$963,692$761,178$1,596,656
61$2,094,087$946,944$722,708$1,665,185
62$2,241,699$927,360$680,934$1,739,181
63$2,402,290$904,738$635,683$1,819,214
64$2,577,117$878,863$586,772$1,905,918
65$2,767,564$849,510$534,010$1,999,997
66$2,975,156$816,436$477,200$2,102,226
67$3,201,570$779,389$416,134$2,213,467
68$3,448,650$738,100$350,595$2,334,672
69$3,718,430$692,283$280,357$2,466,895
70$4,013,144$641,640$205,183$2,611,303
71$4,335,255$585,850$124,827$2,769,187
72$4,687,474$524,580$39,032$2,941,975
73$5,072,785$457,473$0$3,131,246
74$5,494,474$384,154$0$3,345,474
75$5,956,159$304,227$0$3,585,633
76$6,461,826$217,273$0$3,848,896
77$7,015,862$122,849$0$4,137,662
78$7,623,101$20,489$0$4,454,583
79$8,288,863$0$0$4,802,585
80$9,019,012$0$0$5,219,680
81$9,820,004$0$0$5,685,997
82$10,698,950$0$0$6,197,795
83$11,663,684$0$0$6,759,650
84$12,722,834$0$0$7,376,599
85$13,885,904$0$0$8,054,192
86$15,163,367$0$0$8,798,542
87$16,566,755$0$0$9,616,385
88$18,108,776$0$0$10,515,141
89$19,803,427$0$0$11,502,982
90$21,666,131$0$0$12,588,916
91$23,713,878$0$0$13,782,862
92$25,965,385$0$0$15,095,753
93$28,441,276$0$0$16,539,629
94$31,164,272$0$0$18,127,761
95$34,159,405$0$0$19,874,767
96$37,454,259$0$0$21,796,753
97$41,079,221$0$0$23,911,466
98$45,067,774$0$0$26,238,461
99$49,456,813$0$0$28,799,283
100$54,286,985$0$0$31,617,669