Can I retire at age 50 with 962,000?

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 $962,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$79,441$78,733$78,043$77,369$76,711$74,495
2 years$39,327$38,595$37,885$37,197$36,529$34,313
3 years$25,958$25,222$24,514$23,832$23,176$21,030
4 years$19,274$18,541$17,840$17,170$16,529$14,471
5 years$15,265$14,536$13,845$13,188$12,565$10,599
6 years$12,593$11,870$11,188$10,547$9,942$8,071
7 years$10,686$9,968$9,298$8,671$8,086$6,309
8 years$9,256$8,545$7,885$7,274$6,708$5,024
9 years$8,144$7,440$6,791$6,196$5,649$4,057
10 years$7,255$6,558$5,921$5,341$4,813$3,310
11 years$6,528$5,838$5,213$4,648$4,140$2,724
12 years$5,923$5,240$4,626$4,077$3,587$2,255
13 years$5,411$4,735$4,133$3,599$3,128$1,878
14 years$4,973$4,304$3,714$3,195$2,742$1,570
15 years$4,594$3,932$3,353$2,849$2,414$1,317
16 years$4,262$3,608$3,040$2,551$2,134$1,108
17 years$3,970$3,322$2,766$2,292$1,892$934
18 years$3,710$3,070$2,525$2,066$1,682$789
19 years$3,478$2,845$2,312$1,867$1,499$668
20 years$3,270$2,644$2,122$1,691$1,339$566
21 years$3,081$2,463$1,951$1,534$1,199$480
22 years$2,910$2,299$1,799$1,395$1,074$408
23 years$2,754$2,150$1,661$1,271$964$347
24 years$2,611$2,015$1,536$1,159$867$295
25 years$2,480$1,891$1,422$1,058$780$251
26 years$2,359$1,777$1,319$968$703$214
27 years$2,248$1,672$1,225$886$633$182
28 years$2,144$1,576$1,139$812$572$155
29 years$2,048$1,486$1,060$744$516$132
30 years$1,958$1,404$987$683$466$113
31 years$1,875$1,327$920$627$422$96
32 years$1,796$1,256$859$576$381$82
33 years$1,723$1,189$802$530$345$70
34 years$1,654$1,127$749$488$312$60
35 years$1,589$1,069$700$449$283$51
36 years$1,528$1,015$655$414$256$44
37 years$1,470$964$613$381$232$37
38 years$1,416$916$574$351$211$32
39 years$1,364$871$538$324$191$27
40 years$1,315$829$504$299$173$23
41 years$1,269$789$473$276$157$20
42 years$1,225$751$444$254$143$17
43 years$1,183$716$416$235$129$14
44 years$1,143$682$391$217$118$12
45 years$1,105$651$367$200$107$10
46 years$1,069$621$345$185$97$9
47 years$1,034$592$324$171$88$8
48 years$1,001$565$304$158$80$7
49 years$969$540$286$146$73$6
50 years$939$516$269$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $962,000, adding $3,425 every year, while hoping to spend $34,635 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: 47/32/21 Blend
49$962,000$962,000$962,000$962,000
50$1,063,657$1,012,671$997,760$1,107,143
51$1,135,299$1,025,440$994,333$1,150,645
52$1,213,087$1,037,675$989,631$1,194,103
53$1,297,612$1,049,311$983,575$1,240,558
54$1,389,524$1,060,283$976,080$1,290,307
55$1,489,537$1,070,518$967,060$1,343,675
56$1,598,436$1,079,941$956,423$1,401,026
57$1,717,089$1,088,469$944,075$1,462,760
58$1,846,445$1,096,018$929,915$1,529,318
59$1,987,554$1,102,494$913,838$1,601,190
60$2,141,568$1,107,799$895,735$1,678,918
61$2,309,756$1,111,830$875,491$1,763,097
62$2,493,517$1,114,476$852,986$1,854,390
63$2,694,389$1,115,618$828,094$1,953,526
64$2,914,066$1,115,133$800,685$2,061,312
65$3,154,412$1,112,886$770,619$2,178,641
66$3,417,482$1,108,737$737,755$2,306,496
67$3,705,537$1,102,537$701,941$2,445,967
68$4,021,066$1,094,125$663,020$2,598,257
69$4,366,813$1,083,336$620,829$2,764,693
70$4,745,797$1,069,988$575,197$2,946,743
71$5,161,345$1,053,894$525,942$3,146,028
72$5,617,120$1,034,853$472,880$3,364,336
73$6,117,158$1,012,653$415,813$3,603,645
74$6,665,903$987,068$354,538$3,866,138
75$7,268,252$957,861$288,841$4,154,222
76$7,929,596$924,778$218,500$4,470,560
77$8,655,877$887,555$143,281$4,818,088
78$9,453,638$845,907$62,943$5,200,048
79$10,330,090$799,536$0$5,620,019
80$11,293,173$748,128$0$6,087,057
81$12,351,637$691,346$0$6,615,800
82$13,515,121$628,840$0$7,197,002
83$14,794,244$560,234$0$7,836,037
84$16,200,707$485,135$0$8,538,833
85$17,747,398$403,125$0$9,311,924
86$19,448,519$313,765$0$10,162,519
87$21,319,718$216,590$0$11,098,565
88$23,378,234$111,107$0$12,128,825
89$25,643,061$0$0$13,262,963
90$28,135,129$0$0$14,512,762
91$30,877,496$0$0$15,931,268
92$33,895,572$0$0$17,492,516
93$37,217,351$0$0$19,211,002
94$40,873,681$0$0$21,102,703
95$44,898,551$0$0$23,185,221
96$49,329,415$0$0$25,477,952
97$54,207,540$0$0$28,002,269
98$59,578,400$0$0$30,781,722
99$65,492,100$0$0$33,842,260
100$72,003,854$0$0$37,212,478