Can I retire at age 50 with 964,000?

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 $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%13.8%
1 years$79,606$78,897$78,205$77,530$76,871$75,660
2 years$39,409$38,675$37,964$37,274$36,605$35,388
3 years$26,012$25,275$24,565$23,882$23,224$22,039
4 years$19,314$18,579$17,877$17,206$16,563$15,419
5 years$15,297$14,567$13,873$13,215$12,591$11,492
6 years$12,620$11,895$11,212$10,569$9,963$8,909
7 years$10,708$9,989$9,317$8,689$8,103$7,095
8 years$9,275$8,563$7,902$7,289$6,722$5,760
9 years$8,161$7,455$6,806$6,209$5,661$4,744
10 years$7,270$6,571$5,933$5,352$4,823$3,951
11 years$6,542$5,850$5,224$4,658$4,148$3,319
12 years$5,935$5,251$4,636$4,085$3,595$2,809
13 years$5,423$4,745$4,142$3,607$3,135$2,390
14 years$4,984$4,313$3,721$3,202$2,748$2,044
15 years$4,603$3,940$3,360$2,855$2,419$1,754
16 years$4,271$3,615$3,046$2,557$2,138$1,511
17 years$3,978$3,329$2,772$2,297$1,896$1,305
18 years$3,718$3,076$2,530$2,070$1,686$1,129
19 years$3,485$2,851$2,317$1,871$1,503$979
20 years$3,276$2,650$2,126$1,694$1,342$851
21 years$3,088$2,468$1,955$1,538$1,201$740
22 years$2,916$2,304$1,802$1,398$1,077$645
23 years$2,760$2,155$1,664$1,273$966$563
24 years$2,617$2,019$1,539$1,161$869$491
25 years$2,485$1,894$1,425$1,061$782$429
26 years$2,364$1,781$1,322$970$704$375
27 years$2,252$1,676$1,228$888$635$328
28 years$2,149$1,579$1,141$813$573$287
29 years$2,052$1,490$1,062$746$517$252
30 years$1,962$1,407$989$684$467$221
31 years$1,878$1,330$922$629$422$193
32 years$1,800$1,258$860$578$382$170
33 years$1,726$1,192$803$531$346$149
34 years$1,657$1,129$751$489$313$130
35 years$1,592$1,071$702$450$284$114
36 years$1,531$1,017$657$414$257$100
37 years$1,473$966$614$382$233$88
38 years$1,419$918$575$352$211$77
39 years$1,367$873$539$324$191$68
40 years$1,318$830$505$299$174$60
41 years$1,271$790$474$276$158$52
42 years$1,227$753$444$255$143$46
43 years$1,185$717$417$235$130$40
44 years$1,145$684$392$217$118$35
45 years$1,107$652$368$201$107$31
46 years$1,071$622$345$185$97$27
47 years$1,036$593$324$171$88$24
48 years$1,003$567$305$158$80$21
49 years$972$541$287$146$73$19
50 years$941$517$269$135$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $964,000, adding $3,014 every year, while hoping to spend $51,143 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: 53/26/21 Blend
49$964,000$964,000$964,000$964,000
50$1,065,437$1,014,345$999,403$1,115,607
51$1,119,696$1,009,632$978,467$1,145,716
52$1,177,775$1,002,974$955,116$1,172,880
53$1,240,010$994,222$929,214$1,201,351
54$1,306,769$983,217$900,621$1,231,270
55$1,378,457$969,792$869,189$1,262,795
56$1,455,516$953,768$834,764$1,296,104
57$1,538,433$934,958$797,183$1,331,394
58$1,627,744$913,161$756,279$1,368,887
59$1,724,034$888,166$711,875$1,408,829
60$1,827,950$859,750$663,786$1,451,497
61$1,940,198$827,676$611,821$1,497,198
62$2,061,559$791,692$555,777$1,546,275
63$2,192,887$751,535$495,445$1,599,110
64$2,335,124$706,922$430,605$1,656,128
65$2,489,304$657,559$361,028$1,717,803
66$2,656,564$603,130$286,473$1,784,663
67$2,838,155$543,305$206,692$1,857,293
68$3,035,453$477,733$121,422$1,936,344
69$3,249,972$406,044$30,392$2,022,541
70$3,483,375$327,847$0$2,116,687
71$3,737,496$242,728$0$2,234,634
72$4,014,350$150,251$0$2,370,655
73$4,316,155$49,955$0$2,519,102
74$4,645,354$0$0$2,681,268
75$5,004,632$0$0$2,875,360
76$5,396,949$0$0$3,102,996
77$5,825,560$0$0$3,351,783
78$6,294,050$0$0$3,623,812
79$6,806,366$0$0$3,921,388
80$7,366,853$0$0$4,247,047
81$7,980,297$0$0$4,603,583
82$8,651,965$0$0$4,994,070
83$9,387,661$0$0$5,421,895
84$10,193,774$0$0$5,890,790
85$11,077,339$0$0$6,404,861
86$12,046,109$0$0$6,968,634
87$13,108,617$0$0$7,587,092
88$14,274,266$0$0$8,265,723
89$15,553,411$0$0$9,010,575
90$16,957,459$0$0$9,828,306
91$18,498,975$0$0$10,726,254
92$20,191,798$0$0$11,712,499
93$22,051,176$0$0$12,795,945
94$24,093,905$0$0$13,986,398
95$26,338,487$0$0$15,294,663
96$28,805,308$0$0$16,732,644
97$31,516,824$0$0$18,313,453
98$34,497,775$0$0$20,051,539
99$37,775,420$0$0$21,962,817
100$41,379,789$0$0$24,064,826