Can I retire at age 50 with 965,000?

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 $965,000?

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$79,689$78,979$78,286$77,610$76,950$75,738
2 years$39,450$38,715$38,003$37,313$36,643$35,425
3 years$26,039$25,301$24,591$23,907$23,248$22,061
4 years$19,334$18,599$17,896$17,223$16,581$15,435
5 years$15,313$14,582$13,888$13,229$12,604$11,503
6 years$12,633$11,907$11,223$10,580$9,973$8,918
7 years$10,719$9,999$9,327$8,698$8,111$7,102
8 years$9,285$8,571$7,910$7,297$6,729$5,766
9 years$8,169$7,463$6,813$6,215$5,667$4,749
10 years$7,278$6,578$5,939$5,357$4,828$3,955
11 years$6,549$5,856$5,229$4,663$4,152$3,323
12 years$5,942$5,256$4,641$4,090$3,598$2,812
13 years$5,428$4,750$4,146$3,611$3,138$2,393
14 years$4,989$4,318$3,725$3,205$2,751$2,046
15 years$4,608$3,944$3,363$2,858$2,422$1,756
16 years$4,275$3,619$3,049$2,559$2,141$1,512
17 years$3,982$3,333$2,775$2,300$1,898$1,306
18 years$3,722$3,080$2,533$2,072$1,688$1,130
19 years$3,489$2,854$2,319$1,873$1,504$980
20 years$3,280$2,652$2,128$1,696$1,344$852
21 years$3,091$2,470$1,958$1,539$1,202$741
22 years$2,919$2,306$1,804$1,399$1,078$646
23 years$2,763$2,157$1,666$1,275$967$563
24 years$2,619$2,021$1,541$1,162$870$492
25 years$2,488$1,896$1,427$1,062$782$430
26 years$2,367$1,782$1,323$971$705$376
27 years$2,255$1,677$1,229$888$635$329
28 years$2,151$1,581$1,142$814$573$288
29 years$2,054$1,491$1,063$746$518$252
30 years$1,964$1,408$990$685$468$221
31 years$1,880$1,331$923$629$423$194
32 years$1,802$1,260$861$578$383$170
33 years$1,728$1,193$804$532$346$149
34 years$1,659$1,131$751$489$313$131
35 years$1,594$1,072$703$450$284$115
36 years$1,533$1,018$657$415$257$101
37 years$1,475$967$615$382$233$88
38 years$1,420$919$576$352$211$77
39 years$1,368$874$540$325$192$68
40 years$1,319$831$506$300$174$60
41 years$1,273$791$474$276$158$52
42 years$1,229$753$445$255$143$46
43 years$1,187$718$418$235$130$40
44 years$1,147$684$392$217$118$36
45 years$1,108$653$368$201$107$31
46 years$1,072$623$346$185$97$27
47 years$1,037$594$325$171$88$24
48 years$1,004$567$305$158$80$21
49 years$973$542$287$146$73$19
50 years$942$517$270$135$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $965,000, adding $2,282 every year, while hoping to spend $54,228 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: 45/44/11 Blend
49$965,000$965,000$965,000$965,000
50$1,065,784$1,014,639$999,681$1,110,320
51$1,116,796$1,006,658$975,473$1,133,454
52$1,171,193$996,469$948,635$1,152,805
53$1,229,264$983,905$919,024$1,172,570
54$1,291,325$968,792$886,487$1,192,809
55$1,357,721$950,944$850,866$1,213,590
56$1,428,833$930,164$811,993$1,234,990
57$1,505,075$906,243$769,696$1,257,100
58$1,586,904$878,961$723,793$1,280,024
59$1,674,822$848,084$674,094$1,303,881
60$1,769,379$813,365$620,400$1,328,808
61$1,871,177$774,541$562,506$1,354,960
62$1,980,881$731,337$500,193$1,382,513
63$2,099,217$683,460$433,236$1,411,668
64$2,226,988$630,599$361,400$1,442,652
65$2,365,070$572,429$284,437$1,475,722
66$2,514,432$508,602$202,090$1,511,168
67$2,676,134$438,754$114,090$1,549,319
68$2,851,345$362,498$20,157$1,590,543
69$3,041,348$279,426$0$1,635,255
70$3,247,555$189,107$0$1,693,322
71$3,471,519$91,087$0$1,759,004
72$3,714,947$0$0$1,830,557
73$3,979,719$0$0$1,915,998
74$4,267,902$0$0$2,057,096
75$4,581,771$0$0$2,210,874
76$4,923,828$0$0$2,378,571
77$5,296,829$0$0$2,561,553
78$5,703,805$0$0$2,761,320
79$6,148,094$0$0$2,979,527
80$6,633,369$0$0$3,217,991
81$7,163,675$0$0$3,478,717
82$7,743,463$0$0$3,763,911
83$8,377,636$0$0$4,076,001
84$9,071,592$0$0$4,417,662
85$9,831,273$0$0$4,791,839
86$10,663,224$0$0$5,201,773
87$11,574,653$0$0$5,651,038
88$12,573,498$0$0$6,143,567
89$13,668,498$0$0$6,683,691
90$14,869,282$0$0$7,276,183
91$16,186,454$0$0$7,926,297
92$17,631,694$0$0$8,639,824
93$19,217,866$0$0$9,423,139
94$20,959,141$0$0$10,283,267
95$22,871,130$0$0$11,227,945
96$24,971,027$0$0$12,265,698
97$27,277,776$0$0$13,405,916
98$29,812,243$0$0$14,658,942
99$32,597,419$0$0$16,036,175
100$35,658,629$0$0$17,550,169