Can I retire at age 50 with 962,000?

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 $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%19%
1 years$79,441$78,733$78,043$77,369$76,711$73,931
2 years$39,327$38,595$37,885$37,197$36,529$33,758
3 years$25,958$25,222$24,514$23,832$23,176$20,502
4 years$19,274$18,541$17,840$17,170$16,529$13,972
5 years$15,265$14,536$13,845$13,188$12,565$10,132
6 years$12,593$11,870$11,188$10,547$9,942$7,635
7 years$10,686$9,968$9,298$8,671$8,086$5,904
8 years$9,256$8,545$7,885$7,274$6,708$4,649
9 years$8,144$7,440$6,791$6,196$5,649$3,711
10 years$7,255$6,558$5,921$5,341$4,813$2,992
11 years$6,528$5,838$5,213$4,648$4,140$2,432
12 years$5,923$5,240$4,626$4,077$3,587$1,988
13 years$5,411$4,735$4,133$3,599$3,128$1,634
14 years$4,973$4,304$3,714$3,195$2,742$1,348
15 years$4,594$3,932$3,353$2,849$2,414$1,116
16 years$4,262$3,608$3,040$2,551$2,134$926
17 years$3,970$3,322$2,766$2,292$1,892$770
18 years$3,710$3,070$2,525$2,066$1,682$641
19 years$3,478$2,845$2,312$1,867$1,499$535
20 years$3,270$2,644$2,122$1,691$1,339$447
21 years$3,081$2,463$1,951$1,534$1,199$374
22 years$2,910$2,299$1,799$1,395$1,074$313
23 years$2,754$2,150$1,661$1,271$964$262
24 years$2,611$2,015$1,536$1,159$867$219
25 years$2,480$1,891$1,422$1,058$780$184
26 years$2,359$1,777$1,319$968$703$154
27 years$2,248$1,672$1,225$886$633$129
28 years$2,144$1,576$1,139$812$572$109
29 years$2,048$1,486$1,060$744$516$91
30 years$1,958$1,404$987$683$466$76
31 years$1,875$1,327$920$627$422$64
32 years$1,796$1,256$859$576$381$54
33 years$1,723$1,189$802$530$345$45
34 years$1,654$1,127$749$488$312$38
35 years$1,589$1,069$700$449$283$32
36 years$1,528$1,015$655$414$256$27
37 years$1,470$964$613$381$232$23
38 years$1,416$916$574$351$211$19
39 years$1,364$871$538$324$191$16
40 years$1,315$829$504$299$173$13
41 years$1,269$789$473$276$157$11
42 years$1,225$751$444$254$143$9
43 years$1,183$716$416$235$129$8
44 years$1,143$682$391$217$118$7
45 years$1,105$651$367$200$107$6
46 years$1,069$621$345$185$97$5
47 years$1,034$592$324$171$88$4
48 years$1,001$565$304$158$80$3
49 years$969$540$286$146$73$3
50 years$939$516$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $962,000, adding $4,782 every year, while hoping to spend $34,491 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: 71/19/10 Blend
49$962,000$962,000$962,000$962,000
50$1,065,057$1,014,071$999,160$1,138,280
51$1,136,994$1,027,062$995,933$1,200,363
52$1,215,114$1,039,534$991,443$1,263,605
53$1,300,009$1,051,424$985,610$1,331,897
54$1,392,333$1,062,668$978,351$1,405,729
55$1,492,806$1,073,193$969,581$1,485,640
56$1,602,218$1,082,926$959,208$1,572,225
57$1,721,440$1,091,785$947,137$1,666,141
58$1,851,431$1,099,687$933,270$1,768,108
59$1,993,244$1,106,539$917,502$1,878,924
60$2,148,041$1,112,245$899,725$1,999,466
61$2,317,099$1,116,703$879,823$2,130,702
62$2,501,825$1,119,803$857,679$2,273,699
63$2,703,767$1,121,429$833,166$2,429,631
64$2,924,629$1,121,457$806,156$2,599,795
65$3,166,289$1,119,756$776,510$2,785,619
66$3,430,815$1,116,188$744,087$2,988,679
67$3,720,481$1,110,604$708,737$3,210,709
68$4,037,794$1,102,848$670,304$3,453,625
69$4,385,515$1,092,753$628,625$3,719,536
70$4,766,682$1,080,144$583,529$4,010,767
71$5,184,646$1,064,832$534,839$4,329,884
72$5,643,092$1,046,621$482,368$4,679,711
73$6,146,082$1,025,301$425,922$5,063,366
74$6,698,090$1,000,648$365,298$5,484,284
75$7,304,044$972,429$300,285$5,946,252
76$7,969,372$940,393$230,659$6,453,444
77$8,700,053$904,277$156,192$7,010,462
78$9,502,674$863,803$76,640$7,622,381
79$10,384,492$818,675$0$8,294,793
80$11,353,501$768,580$0$9,034,744
81$12,418,507$713,190$0$9,856,934
82$13,589,213$652,154$0$10,760,699
83$14,876,307$585,104$0$11,754,328
84$16,291,566$511,650$0$12,846,958
85$17,847,964$431,379$0$14,048,658
86$19,559,797$343,858$0$15,370,526
87$21,442,815$248,624$0$16,824,793
88$23,514,369$145,194$0$18,424,939
89$25,793,580$33,054$0$20,185,822
90$28,301,514$0$0$22,123,817
91$31,061,382$0$0$24,275,439
92$34,098,761$0$0$26,651,075
93$37,441,829$0$0$29,265,861
94$41,121,637$0$0$32,144,091
95$45,172,399$0$0$35,312,534
96$49,631,813$0$0$38,800,685
97$54,541,421$0$0$42,641,045
98$59,946,995$0$0$46,869,426
99$65,898,971$0$0$51,525,290
100$72,452,926$0$0$56,652,121