Can I retire at age 50 with 961,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$79,358$78,652$77,962$77,289$76,631$74,840
2 years$39,286$38,555$37,846$37,158$36,491$34,696
3 years$25,931$25,196$24,489$23,808$23,152$21,409
4 years$19,254$18,522$17,821$17,152$16,512$14,836
5 years$15,249$14,521$13,830$13,174$12,552$10,947
6 years$12,580$11,858$11,177$10,536$9,932$8,400
7 years$10,675$9,958$9,288$8,662$8,077$6,618
8 years$9,246$8,536$7,877$7,266$6,701$5,314
9 years$8,135$7,432$6,784$6,189$5,643$4,327
10 years$7,248$6,551$5,915$5,335$4,808$3,562
11 years$6,522$5,832$5,207$4,643$4,135$2,957
12 years$5,917$5,234$4,621$4,073$3,584$2,471
13 years$5,406$4,730$4,129$3,596$3,125$2,077
14 years$4,968$4,300$3,710$3,192$2,739$1,753
15 years$4,589$3,928$3,349$2,847$2,412$1,485
16 years$4,258$3,604$3,037$2,549$2,132$1,262
17 years$3,966$3,319$2,763$2,290$1,890$1,075
18 years$3,706$3,067$2,523$2,064$1,681$918
19 years$3,474$2,842$2,309$1,865$1,498$785
20 years$3,266$2,641$2,119$1,689$1,338$672
21 years$3,078$2,460$1,949$1,533$1,197$577
22 years$2,907$2,297$1,797$1,394$1,073$495
23 years$2,751$2,148$1,659$1,269$963$425
24 years$2,609$2,012$1,534$1,158$866$366
25 years$2,478$1,889$1,421$1,057$779$315
26 years$2,357$1,775$1,318$967$702$271
27 years$2,245$1,670$1,224$885$633$234
28 years$2,142$1,574$1,138$811$571$201
29 years$2,046$1,485$1,059$743$516$174
30 years$1,956$1,402$986$682$466$150
31 years$1,873$1,326$919$627$421$129
32 years$1,794$1,254$858$576$381$112
33 years$1,721$1,188$801$530$345$96
34 years$1,652$1,126$748$487$312$83
35 years$1,587$1,068$700$449$283$72
36 years$1,526$1,014$654$413$256$62
37 years$1,469$963$613$381$232$54
38 years$1,414$915$574$351$211$46
39 years$1,363$870$537$323$191$40
40 years$1,314$828$504$298$173$35
41 years$1,268$788$472$275$157$30
42 years$1,223$750$443$254$143$26
43 years$1,182$715$416$235$129$22
44 years$1,142$681$390$217$117$19
45 years$1,104$650$366$200$107$17
46 years$1,068$620$344$185$97$14
47 years$1,033$592$323$171$88$12
48 years$1,000$565$304$158$80$11
49 years$968$539$286$146$72$9
50 years$938$515$269$135$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $961,000, adding $2,358 every year, while hoping to spend $39,013 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: 51/26/23 Blend
49$961,000$961,000$961,000$961,000
50$1,061,454$1,010,521$995,626$1,108,657
51$1,128,213$1,018,527$987,470$1,149,606
52$1,200,474$1,025,618$977,733$1,189,932
53$1,278,756$1,031,708$966,321$1,232,974
54$1,363,632$1,036,704$953,136$1,279,006
55$1,455,731$1,040,511$938,074$1,328,329
56$1,555,743$1,043,023$921,027$1,381,278
57$1,664,430$1,044,132$901,882$1,438,224
58$1,782,627$1,043,720$880,521$1,499,578
59$1,911,256$1,041,664$856,820$1,565,793
60$2,051,330$1,037,831$830,649$1,637,372
61$2,203,962$1,032,082$801,872$1,714,872
62$2,370,381$1,024,267$770,349$1,798,907
63$2,551,934$1,014,231$735,930$1,890,158
64$2,750,109$1,001,806$698,462$1,989,378
65$2,966,541$986,816$657,781$2,097,401
66$3,203,030$969,072$613,719$2,215,146
67$3,461,560$948,377$566,099$2,343,631
68$3,744,311$924,520$514,735$2,483,983
69$4,053,689$897,278$459,436$2,637,445
70$4,392,337$866,417$400,000$2,805,392
71$4,763,170$831,687$336,215$2,989,344
72$5,169,397$792,823$267,862$3,190,981
73$5,614,552$749,547$194,711$3,412,157
74$6,102,525$701,564$116,523$3,654,922
75$6,637,603$648,561$33,047$3,921,542
76$7,224,507$590,209$0$4,214,516
77$7,868,435$526,158$0$4,550,360
78$8,575,116$456,040$0$4,927,921
79$9,350,858$379,466$0$5,342,519
80$10,202,608$296,023$0$5,797,947
81$11,138,024$205,277$0$6,298,388
82$12,165,536$106,770$0$6,848,456
83$13,294,435$16$0$7,453,238
84$14,534,954$0$0$8,118,347
85$15,898,367$0$0$8,883,014
86$17,397,095$0$0$9,723,685
87$19,044,822$0$0$10,648,045
88$20,856,624$0$0$11,664,565
89$22,849,110$0$0$12,782,578
90$25,040,580$0$0$14,012,367
91$27,451,198$0$0$15,365,263
92$30,103,177$0$0$16,853,748
93$33,020,996$0$0$18,491,578
94$36,231,621$0$0$20,293,907
95$39,764,769$0$0$22,277,433
96$43,653,179$0$0$24,460,556
97$47,932,928$0$0$26,863,549
98$52,643,766$0$0$29,508,749
99$57,829,493$0$0$32,420,771
100$63,538,369$0$0$35,626,736