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%12.7%
1 years$79,524$78,815$78,124$77,450$76,791$75,926
2 years$39,368$38,635$37,924$37,235$36,567$35,696
3 years$25,985$25,248$24,540$23,857$23,200$22,350
4 years$19,294$18,560$17,859$17,188$16,546$15,724
5 years$15,281$14,551$13,859$13,202$12,578$11,786
6 years$12,607$11,882$11,200$10,558$9,953$9,192
7 years$10,697$9,979$9,307$8,680$8,094$7,365
8 years$9,265$8,554$7,893$7,281$6,715$6,017
9 years$8,152$7,447$6,799$6,202$5,655$4,988
10 years$7,263$6,565$5,927$5,346$4,818$4,182
11 years$6,535$5,844$5,218$4,653$4,144$3,538
12 years$5,929$5,245$4,631$4,081$3,591$3,015
13 years$5,417$4,740$4,137$3,603$3,131$2,584
14 years$4,978$4,309$3,718$3,198$2,745$2,226
15 years$4,598$3,936$3,356$2,852$2,417$1,925
16 years$4,266$3,611$3,043$2,554$2,136$1,670
17 years$3,974$3,326$2,769$2,295$1,894$1,454
18 years$3,714$3,073$2,528$2,068$1,684$1,268
19 years$3,482$2,848$2,314$1,869$1,501$1,109
20 years$3,273$2,647$2,124$1,692$1,341$971
21 years$3,084$2,465$1,953$1,536$1,200$852
22 years$2,913$2,301$1,800$1,397$1,075$749
23 years$2,757$2,152$1,662$1,272$965$659
24 years$2,614$2,017$1,537$1,160$868$580
25 years$2,483$1,893$1,424$1,059$781$511
26 years$2,362$1,779$1,321$969$703$451
27 years$2,250$1,674$1,226$887$634$398
28 years$2,146$1,577$1,140$812$572$351
29 years$2,050$1,488$1,061$745$517$311
30 years$1,960$1,405$988$684$467$275
31 years$1,876$1,328$921$628$422$243
32 years$1,798$1,257$860$577$382$215
33 years$1,725$1,190$803$531$346$190
34 years$1,656$1,128$750$488$313$168
35 years$1,591$1,070$701$449$283$149
36 years$1,529$1,016$656$414$257$132
37 years$1,472$965$614$381$233$117
38 years$1,417$917$575$352$211$104
39 years$1,366$872$539$324$191$92
40 years$1,317$829$505$299$174$81
41 years$1,270$790$473$276$157$72
42 years$1,226$752$444$255$143$64
43 years$1,184$716$417$235$130$57
44 years$1,144$683$391$217$118$50
45 years$1,106$651$367$200$107$45
46 years$1,070$621$345$185$97$40
47 years$1,035$593$324$171$88$35
48 years$1,002$566$305$158$80$31
49 years$971$540$286$146$73$28
50 years$940$516$269$135$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $963,000, adding $4,437 every year, while hoping to spend $45,117 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: 86/7/7 Blend
49$963,000$963,000$963,000$963,000
50$1,065,803$1,014,764$999,837$1,156,502
51$1,126,511$1,016,483$985,328$1,218,029
52$1,191,898$1,016,774$968,820$1,278,966
53$1,262,396$1,015,520$950,199$1,344,485
54$1,338,475$1,012,596$929,346$1,415,014
55$1,420,655$1,007,869$906,135$1,491,027
56$1,509,506$1,001,198$880,434$1,573,043
57$1,605,653$992,434$852,106$1,661,636
58$1,709,786$981,420$821,008$1,757,437
59$1,822,662$967,987$786,990$1,861,140
60$1,945,114$951,959$749,894$1,973,510
61$2,078,056$933,145$709,556$2,095,389
62$2,222,497$911,348$665,805$2,227,705
63$2,379,543$886,356$618,461$2,371,480
64$2,550,414$857,946$567,337$2,527,839
65$2,736,452$825,880$512,238$2,698,021
66$2,939,130$789,909$452,959$2,883,391
67$3,160,074$749,767$389,286$3,085,456
68$3,401,071$705,175$320,996$3,305,870
69$3,664,087$655,835$247,856$3,546,462
70$3,951,289$601,436$169,624$3,809,241
71$4,265,059$541,645$86,045$4,096,425
72$4,608,022$476,112$0$4,410,456
73$4,983,067$404,468$0$4,754,261
74$5,393,375$326,322$0$5,137,443
75$5,842,448$241,261$0$5,556,858
76$6,334,144$148,849$0$6,016,129
77$6,872,709$48,625$0$6,519,248
78$7,462,821$0$0$7,070,612
79$8,109,631$0$0$7,679,679
80$8,818,812$0$0$8,351,595
81$9,596,613$0$0$9,088,538
82$10,449,915$0$0$9,897,029
83$11,386,299$0$0$10,784,253
84$12,414,115$0$0$11,758,121
85$13,542,560$0$0$12,827,351
86$14,781,765$0$0$14,001,544
87$16,142,893$0$0$15,291,278
88$17,638,237$0$0$16,708,204
89$19,281,343$0$0$18,265,159
90$21,087,131$0$0$19,976,284
91$23,072,042$0$0$21,857,158
92$25,254,185$0$0$23,924,945
93$27,653,513$0$0$26,198,555
94$30,292,011$0$0$28,698,821
95$33,193,896$0$0$31,448,696
96$36,385,856$0$0$34,473,471
97$39,897,290$0$0$37,801,008
98$43,760,593$0$0$41,462,008
99$48,011,456$0$0$45,490,297
100$52,689,207$0$0$49,923,145