Can I retire at age 50 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$79,524$78,815$78,124$77,450$76,791$75,302
2 years$39,368$38,635$37,924$37,235$36,567$35,073
3 years$25,985$25,248$24,540$23,857$23,200$21,747
4 years$19,294$18,560$17,859$17,188$16,546$15,146
5 years$15,281$14,551$13,859$13,202$12,578$11,235
6 years$12,607$11,882$11,200$10,558$9,953$8,668
7 years$10,697$9,979$9,307$8,680$8,094$6,868
8 years$9,265$8,554$7,893$7,281$6,715$5,546
9 years$8,152$7,447$6,799$6,202$5,655$4,544
10 years$7,263$6,565$5,927$5,346$4,818$3,764
11 years$6,535$5,844$5,218$4,653$4,144$3,144
12 years$5,929$5,245$4,631$4,081$3,591$2,645
13 years$5,417$4,740$4,137$3,603$3,131$2,237
14 years$4,978$4,309$3,718$3,198$2,745$1,901
15 years$4,598$3,936$3,356$2,852$2,417$1,622
16 years$4,266$3,611$3,043$2,554$2,136$1,388
17 years$3,974$3,326$2,769$2,295$1,894$1,191
18 years$3,714$3,073$2,528$2,068$1,684$1,024
19 years$3,482$2,848$2,314$1,869$1,501$883
20 years$3,273$2,647$2,124$1,692$1,341$762
21 years$3,084$2,465$1,953$1,536$1,200$658
22 years$2,913$2,301$1,800$1,397$1,075$570
23 years$2,757$2,152$1,662$1,272$965$493
24 years$2,614$2,017$1,537$1,160$868$428
25 years$2,483$1,893$1,424$1,059$781$371
26 years$2,362$1,779$1,321$969$703$322
27 years$2,250$1,674$1,226$887$634$280
28 years$2,146$1,577$1,140$812$572$243
29 years$2,050$1,488$1,061$745$517$211
30 years$1,960$1,405$988$684$467$184
31 years$1,876$1,328$921$628$422$160
32 years$1,798$1,257$860$577$382$139
33 years$1,725$1,190$803$531$346$121
34 years$1,656$1,128$750$488$313$105
35 years$1,591$1,070$701$449$283$92
36 years$1,529$1,016$656$414$257$80
37 years$1,472$965$614$381$233$70
38 years$1,417$917$575$352$211$61
39 years$1,366$872$539$324$191$53
40 years$1,317$829$505$299$174$46
41 years$1,270$790$473$276$157$40
42 years$1,226$752$444$255$143$35
43 years$1,184$716$417$235$130$30
44 years$1,144$683$391$217$118$27
45 years$1,106$651$367$200$107$23
46 years$1,070$621$345$185$97$20
47 years$1,035$593$324$171$88$18
48 years$1,002$566$305$158$80$15
49 years$971$540$286$146$73$13
50 years$940$516$269$135$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $963,000, adding $6,234 every year, while hoping to spend $56,935 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: 52/26/22 Blend
49$963,000$963,000$963,000$963,000
50$1,067,656$1,016,617$1,001,691$1,116,366
51$1,115,979$1,005,853$974,669$1,139,879
52$1,167,322$992,653$944,834$1,159,056
53$1,221,934$976,838$912,031$1,178,723
54$1,280,086$958,218$876,099$1,198,947
55$1,342,075$936,591$836,868$1,219,804
56$1,408,227$911,745$794,164$1,241,383
57$1,478,898$883,452$747,800$1,263,785
58$1,554,479$851,474$697,585$1,287,125
59$1,635,399$815,559$643,316$1,311,534
60$1,722,126$775,438$584,784$1,337,161
61$1,815,177$730,829$521,769$1,364,173
62$1,915,118$681,432$454,040$1,392,761
63$2,022,568$626,930$381,359$1,423,140
64$2,138,209$566,990$303,474$1,455,553
65$2,262,790$501,256$220,124$1,490,272
66$2,397,133$429,355$131,036$1,527,605
67$2,542,140$350,893$35,925$1,567,897
68$2,698,803$265,452$0$1,611,535
69$2,868,213$172,592$0$1,674,347
70$3,051,568$71,846$0$1,751,425
71$3,250,186$0$0$1,834,948
72$3,465,514$0$0$1,936,269
73$3,699,146$0$0$2,068,587
74$3,952,832$0$0$2,212,348
75$4,228,501$0$0$2,368,654
76$4,528,271$0$0$2,538,719
77$4,854,474$0$0$2,723,878
78$5,209,676$0$0$2,925,598
79$5,596,700$0$0$3,145,495
80$6,018,652$0$0$3,385,350
81$6,478,954$0$0$3,647,118
82$6,981,367$0$0$3,932,955
83$7,530,036$0$0$4,245,234
84$8,129,521$0$0$4,586,564
85$8,784,843$0$0$4,959,823
86$9,501,531$0$0$5,368,175
87$10,285,671$0$0$5,815,106
88$11,143,965$0$0$6,304,455
89$12,083,794$0$0$6,840,447
90$13,113,284$0$0$7,427,739
91$14,241,385$0$0$8,071,455
92$15,477,955$0$0$8,777,242
93$16,833,850$0$0$9,551,319
94$18,321,026$0$0$10,400,533
95$19,952,653$0$0$11,332,429
96$21,743,237$0$0$12,355,316
97$23,708,756$0$0$13,478,347
98$25,866,810$0$0$14,711,606
99$28,236,789$0$0$16,066,198
100$30,840,050$0$0$17,554,360