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%12%
1 years$79,689$78,979$78,286$77,610$76,950$76,306
2 years$39,450$38,715$38,003$37,313$36,643$35,993
3 years$26,039$25,301$24,591$23,907$23,248$22,613
4 years$19,334$18,599$17,896$17,223$16,581$15,966
5 years$15,313$14,582$13,888$13,229$12,604$12,011
6 years$12,633$11,907$11,223$10,580$9,973$9,403
7 years$10,719$9,999$9,327$8,698$8,111$7,563
8 years$9,285$8,571$7,910$7,297$6,729$6,204
9 years$8,169$7,463$6,813$6,215$5,667$5,164
10 years$7,278$6,578$5,939$5,357$4,828$4,348
11 years$6,549$5,856$5,229$4,663$4,152$3,694
12 years$5,942$5,256$4,641$4,090$3,598$3,162
13 years$5,428$4,750$4,146$3,611$3,138$2,722
14 years$4,989$4,318$3,725$3,205$2,751$2,356
15 years$4,608$3,944$3,363$2,858$2,422$2,047
16 years$4,275$3,619$3,049$2,559$2,141$1,785
17 years$3,982$3,333$2,775$2,300$1,898$1,561
18 years$3,722$3,080$2,533$2,072$1,688$1,369
19 years$3,489$2,854$2,319$1,873$1,504$1,203
20 years$3,280$2,652$2,128$1,696$1,344$1,059
21 years$3,091$2,470$1,958$1,539$1,202$934
22 years$2,919$2,306$1,804$1,399$1,078$825
23 years$2,763$2,157$1,666$1,275$967$729
24 years$2,619$2,021$1,541$1,162$870$646
25 years$2,488$1,896$1,427$1,062$782$572
26 years$2,367$1,782$1,323$971$705$508
27 years$2,255$1,677$1,229$888$635$451
28 years$2,151$1,581$1,142$814$573$400
29 years$2,054$1,491$1,063$746$518$356
30 years$1,964$1,408$990$685$468$316
31 years$1,880$1,331$923$629$423$281
32 years$1,802$1,260$861$578$383$250
33 years$1,728$1,193$804$532$346$223
34 years$1,659$1,131$751$489$313$198
35 years$1,594$1,072$703$450$284$177
36 years$1,533$1,018$657$415$257$158
37 years$1,475$967$615$382$233$140
38 years$1,420$919$576$352$211$125
39 years$1,368$874$540$325$192$112
40 years$1,319$831$506$300$174$99
41 years$1,273$791$474$276$158$89
42 years$1,229$753$445$255$143$79
43 years$1,187$718$418$235$130$71
44 years$1,147$684$392$217$118$63
45 years$1,108$653$368$201$107$56
46 years$1,072$623$346$185$97$50
47 years$1,037$594$325$171$88$45
48 years$1,004$567$305$158$80$40
49 years$973$542$287$146$73$36
50 years$942$517$270$135$66$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $965,000, adding $2,980 every year, while hoping to spend $57,117 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: 63/28/9 Blend
49$965,000$965,000$965,000$965,000
50$1,066,504$1,015,359$1,000,401$1,131,466
51$1,114,515$1,004,339$973,143$1,164,197
52$1,165,509$990,866$943,057$1,192,999
53$1,219,730$974,757$909,988$1,222,995
54$1,277,445$955,822$873,775$1,254,300
55$1,338,946$933,859$834,248$1,287,039
56$1,404,552$908,652$791,229$1,321,358
57$1,474,615$879,975$744,534$1,357,414
58$1,549,519$847,586$693,968$1,395,387
59$1,629,684$811,232$639,331$1,435,475
60$1,715,573$770,643$580,409$1,477,901
61$1,807,691$725,535$516,983$1,522,911
62$1,906,595$675,606$448,822$1,570,783
63$2,012,895$620,538$375,684$1,621,823
64$2,127,260$559,994$297,320$1,676,375
65$2,250,426$493,619$213,465$1,734,820
66$2,383,199$421,036$123,845$1,797,584
67$2,526,467$341,848$28,176$1,865,138
68$2,681,203$255,636$0$1,938,008
69$2,848,480$161,955$0$2,023,879
70$3,029,473$60,340$0$2,119,648
71$3,225,477$0$0$2,223,361
72$3,437,913$0$0$2,351,168
73$3,668,346$0$0$2,510,026
74$3,918,496$0$0$2,682,537
75$4,190,255$0$0$2,870,014
76$4,485,703$0$0$3,073,900
77$4,807,131$0$0$3,295,783
78$5,157,056$0$0$3,537,411
79$5,538,251$0$0$3,800,708
80$5,953,766$0$0$4,087,788
81$6,406,958$0$0$4,400,983
82$6,901,522$0$0$4,742,854
83$7,441,524$0$0$5,116,226
84$8,031,442$0$0$5,524,203
85$8,676,205$0$0$5,970,207
86$9,381,238$0$0$6,458,003
87$10,152,516$0$0$6,991,738
88$10,996,618$0$0$7,575,977
89$11,920,788$0$0$8,215,747
90$12,933,002$0$0$8,916,585
91$14,042,046$0$0$9,684,588
92$15,257,593$0$0$10,526,470
93$16,590,298$0$0$11,449,627
94$18,051,897$0$0$12,462,203
95$19,655,315$0$0$13,573,171
96$21,414,789$0$0$14,792,412
97$23,345,999$0$0$16,130,811
98$25,466,221$0$0$17,600,359
99$27,794,481$0$0$19,214,262
100$30,351,741$0$0$20,987,072