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%15.3%
1 years$79,358$78,652$77,962$77,289$76,631$74,962
2 years$39,286$38,555$37,846$37,158$36,491$34,817
3 years$25,931$25,196$24,489$23,808$23,152$21,526
4 years$19,254$18,522$17,821$17,152$16,512$14,947
5 years$15,249$14,521$13,830$13,174$12,552$11,052
6 years$12,580$11,858$11,177$10,536$9,932$8,499
7 years$10,675$9,958$9,288$8,662$8,077$6,711
8 years$9,246$8,536$7,877$7,266$6,701$5,401
9 years$8,135$7,432$6,784$6,189$5,643$4,409
10 years$7,248$6,551$5,915$5,335$4,808$3,638
11 years$6,522$5,832$5,207$4,643$4,135$3,028
12 years$5,917$5,234$4,621$4,073$3,584$2,537
13 years$5,406$4,730$4,129$3,596$3,125$2,138
14 years$4,968$4,300$3,710$3,192$2,739$1,809
15 years$4,589$3,928$3,349$2,847$2,412$1,537
16 years$4,258$3,604$3,037$2,549$2,132$1,310
17 years$3,966$3,319$2,763$2,290$1,890$1,119
18 years$3,706$3,067$2,523$2,064$1,681$958
19 years$3,474$2,842$2,309$1,865$1,498$822
20 years$3,266$2,641$2,119$1,689$1,338$706
21 years$3,078$2,460$1,949$1,533$1,197$607
22 years$2,907$2,297$1,797$1,394$1,073$523
23 years$2,751$2,148$1,659$1,269$963$451
24 years$2,609$2,012$1,534$1,158$866$389
25 years$2,478$1,889$1,421$1,057$779$336
26 years$2,357$1,775$1,318$967$702$290
27 years$2,245$1,670$1,224$885$633$251
28 years$2,142$1,574$1,138$811$571$217
29 years$2,046$1,485$1,059$743$516$188
30 years$1,956$1,402$986$682$466$162
31 years$1,873$1,326$919$627$421$141
32 years$1,794$1,254$858$576$381$122
33 years$1,721$1,188$801$530$345$105
34 years$1,652$1,126$748$487$312$91
35 years$1,587$1,068$700$449$283$79
36 years$1,526$1,014$654$413$256$69
37 years$1,469$963$613$381$232$59
38 years$1,414$915$574$351$211$52
39 years$1,363$870$537$323$191$45
40 years$1,314$828$504$298$173$39
41 years$1,268$788$472$275$157$34
42 years$1,223$750$443$254$143$29
43 years$1,182$715$416$235$129$25
44 years$1,142$681$390$217$117$22
45 years$1,104$650$366$200$107$19
46 years$1,068$620$344$185$97$16
47 years$1,033$592$323$171$88$14
48 years$1,000$565$304$158$80$12
49 years$968$539$286$146$72$11
50 years$938$515$269$135$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $961,000, adding $5,042 every year, while hoping to spend $49,303 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: 65/21/14 Blend
49$961,000$961,000$961,000$961,000
50$1,064,223$1,013,290$998,394$1,129,555
51$1,120,316$1,010,483$979,383$1,171,052
52$1,180,477$1,005,886$958,081$1,210,185
53$1,245,071$999,360$934,362$1,251,723
54$1,314,495$990,755$908,090$1,295,898
55$1,389,187$979,916$879,125$1,342,968
56$1,469,627$966,674$847,318$1,393,220
57$1,556,342$950,854$812,516$1,446,970
58$1,649,911$932,269$774,558$1,504,570
59$1,750,972$910,720$733,276$1,566,406
60$1,860,223$885,997$688,492$1,632,909
61$1,978,433$857,878$640,024$1,704,553
62$2,106,447$826,128$587,679$1,781,865
63$2,245,195$790,498$531,256$1,865,426
64$2,395,697$750,725$470,545$1,955,879
65$2,559,078$706,530$405,328$2,053,938
66$2,736,572$657,618$335,375$2,160,388
67$2,929,540$603,679$260,447$2,276,101
68$3,139,476$544,382$180,295$2,402,039
69$3,368,026$479,381$94,659$2,539,267
70$3,617,000$408,306$3,266$2,688,962
71$3,888,391$330,770$0$2,852,423
72$4,184,391$246,362$0$3,045,171
73$4,507,414$154,649$0$3,256,147
74$4,860,116$55,172$0$3,486,667
75$5,245,421$0$0$3,738,717
76$5,666,550$0$0$4,026,635
77$6,127,045$0$0$4,355,469
78$6,630,809$0$0$4,715,266
79$7,182,140$0$0$5,109,101
80$7,785,769$0$0$5,540,363
81$8,446,906$0$0$6,012,783
82$9,171,289$0$0$6,530,470
83$9,965,238$0$0$7,097,950
84$10,835,711$0$0$7,720,205
85$11,790,374$0$0$8,402,725
86$12,837,669$0$0$9,151,557
87$13,986,896$0$0$9,973,361
88$15,248,297$0$0$10,875,471
89$16,633,156$0$0$11,865,968
90$18,153,900$0$0$12,953,753
91$19,824,221$0$0$14,148,633
92$21,659,202$0$0$15,461,409
93$23,675,457$0$0$16,903,981
94$25,891,292$0$0$18,489,458
95$28,326,871$0$0$20,232,285
96$31,004,411$0$0$22,148,372
97$33,948,389$0$0$24,255,250
98$37,185,770$0$0$26,572,234
99$40,746,266$0$0$29,120,603
100$44,662,610$0$0$31,923,803