Can I retire at age 50 with 964,000?

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 $964,000?

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$79,606$78,897$78,205$77,530$76,871$75,380
2 years$39,409$38,675$37,964$37,274$36,605$35,110
3 years$26,012$25,275$24,565$23,882$23,224$21,770
4 years$19,314$18,579$17,877$17,206$16,563$15,162
5 years$15,297$14,567$13,873$13,215$12,591$11,247
6 years$12,620$11,895$11,212$10,569$9,963$8,677
7 years$10,708$9,989$9,317$8,689$8,103$6,875
8 years$9,275$8,563$7,902$7,289$6,722$5,552
9 years$8,161$7,455$6,806$6,209$5,661$4,549
10 years$7,270$6,571$5,933$5,352$4,823$3,767
11 years$6,542$5,850$5,224$4,658$4,148$3,147
12 years$5,935$5,251$4,636$4,085$3,595$2,648
13 years$5,423$4,745$4,142$3,607$3,135$2,240
14 years$4,984$4,313$3,721$3,202$2,748$1,903
15 years$4,603$3,940$3,360$2,855$2,419$1,624
16 years$4,271$3,615$3,046$2,557$2,138$1,390
17 years$3,978$3,329$2,772$2,297$1,896$1,192
18 years$3,718$3,076$2,530$2,070$1,686$1,025
19 years$3,485$2,851$2,317$1,871$1,503$883
20 years$3,276$2,650$2,126$1,694$1,342$762
21 years$3,088$2,468$1,955$1,538$1,201$659
22 years$2,916$2,304$1,802$1,398$1,077$570
23 years$2,760$2,155$1,664$1,273$966$494
24 years$2,617$2,019$1,539$1,161$869$428
25 years$2,485$1,894$1,425$1,061$782$371
26 years$2,364$1,781$1,322$970$704$322
27 years$2,252$1,676$1,228$888$635$280
28 years$2,149$1,579$1,141$813$573$243
29 years$2,052$1,490$1,062$746$517$212
30 years$1,962$1,407$989$684$467$184
31 years$1,878$1,330$922$629$422$160
32 years$1,800$1,258$860$578$382$139
33 years$1,726$1,192$803$531$346$121
34 years$1,657$1,129$751$489$313$106
35 years$1,592$1,071$702$450$284$92
36 years$1,531$1,017$657$414$257$80
37 years$1,473$966$614$382$233$70
38 years$1,419$918$575$352$211$61
39 years$1,367$873$539$324$191$53
40 years$1,318$830$505$299$174$46
41 years$1,271$790$474$276$158$40
42 years$1,227$753$444$255$143$35
43 years$1,185$717$417$235$130$31
44 years$1,145$684$392$217$118$27
45 years$1,107$652$368$201$107$23
46 years$1,071$622$345$185$97$20
47 years$1,036$593$324$171$88$18
48 years$1,003$567$305$158$80$15
49 years$972$541$287$146$73$13
50 years$941$517$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 $964,000, adding $4,597 every year, while hoping to spend $58,569 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: 78/7/15 Blend
49$964,000$964,000$964,000$964,000
50$1,067,070$1,015,978$1,001,036$1,146,582
51$1,113,594$1,003,444$972,254$1,187,092
52$1,162,901$988,333$940,544$1,223,622
53$1,215,212$970,456$905,748$1,262,057
54$1,270,770$949,615$867,697$1,302,568
55$1,329,841$925,598$826,217$1,345,338
56$1,392,714$898,183$781,125$1,390,574
57$1,459,709$867,131$732,230$1,438,502
58$1,531,173$832,194$679,333$1,489,371
59$1,607,487$793,106$622,225$1,543,459
60$1,689,069$749,587$560,689$1,601,070
61$1,776,377$701,340$494,495$1,662,541
62$1,869,915$648,053$423,408$1,728,244
63$1,970,232$589,393$347,177$1,798,590
64$2,077,933$525,011$265,546$1,874,034
65$2,193,682$454,536$178,241$1,955,077
66$2,318,207$377,578$84,982$2,042,272
67$2,452,308$293,723$0$2,136,231
68$2,596,863$202,535$0$2,239,957
69$2,752,837$103,553$0$2,366,535
70$2,921,290$0$0$2,503,224
71$3,103,386$0$0$2,651,273
72$3,300,406$0$0$2,820,111
73$3,513,757$0$0$3,002,970
74$3,744,986$0$0$3,201,180
75$3,995,795$0$0$3,416,202
76$4,268,053$0$0$3,649,645
77$4,563,820$0$0$3,903,275
78$4,885,359$0$0$4,179,040
79$5,235,159$0$0$4,479,077
80$5,615,961$0$0$4,805,742
81$6,030,779$0$0$5,161,626
82$6,482,932$0$0$5,549,579
83$6,976,070$0$0$5,972,740
84$7,514,213$0$0$6,434,562
85$8,101,783$0$0$6,938,847
86$8,743,651$0$0$7,489,780
87$9,445,177$0$0$8,091,967
88$10,212,264$0$0$8,750,482
89$11,051,409$0$0$9,470,909
90$11,969,768$0$0$10,259,398
91$12,975,220$0$0$11,122,720
92$14,076,441$0$0$12,068,333
93$15,282,986$0$0$13,104,447
94$16,605,376$0$0$14,240,107
95$18,055,202$0$0$15,485,273
96$19,645,226$0$0$16,850,915
97$21,389,507$0$0$18,349,116
98$23,303,529$0$0$19,993,185
99$25,404,349$0$0$21,797,781
100$27,710,754$0$0$23,779,053