Can I retire at age 50 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$79,771$79,061$78,368$77,691$77,030$74,091
2 years$39,491$38,755$38,043$37,351$36,681$33,754
3 years$26,066$25,327$24,616$23,931$23,272$20,450
4 years$19,354$18,618$17,914$17,241$16,598$13,902
5 years$15,329$14,597$13,902$13,243$12,617$10,055
6 years$12,646$11,919$11,235$10,590$9,984$7,556
7 years$10,730$10,010$9,336$8,707$8,119$5,826
8 years$9,294$8,580$7,918$7,304$6,736$4,574
9 years$8,178$7,471$6,820$6,221$5,673$3,640
10 years$7,285$6,585$5,946$5,363$4,833$2,926
11 years$6,555$5,862$5,234$4,667$4,157$2,370
12 years$5,948$5,262$4,645$4,094$3,602$1,931
13 years$5,434$4,755$4,150$3,614$3,141$1,582
14 years$4,994$4,322$3,729$3,208$2,754$1,300
15 years$4,613$3,948$3,367$2,861$2,424$1,072
16 years$4,280$3,623$3,053$2,562$2,143$887
17 years$3,986$3,336$2,778$2,302$1,900$735
18 years$3,725$3,083$2,536$2,075$1,689$610
19 years$3,493$2,857$2,321$1,874$1,506$507
20 years$3,283$2,655$2,130$1,698$1,345$422
21 years$3,094$2,473$1,960$1,541$1,204$351
22 years$2,922$2,308$1,806$1,401$1,079$293
23 years$2,766$2,159$1,668$1,276$968$244
24 years$2,622$2,023$1,542$1,164$870$204
25 years$2,490$1,898$1,428$1,063$783$170
26 years$2,369$1,784$1,325$972$706$142
27 years$2,257$1,679$1,230$889$636$119
28 years$2,153$1,582$1,144$815$574$99
29 years$2,056$1,493$1,064$747$518$83
30 years$1,966$1,410$991$686$468$69
31 years$1,882$1,333$924$630$423$58
32 years$1,804$1,261$862$579$383$48
33 years$1,730$1,194$805$532$347$41
34 years$1,661$1,132$752$490$314$34
35 years$1,596$1,073$703$451$284$28
36 years$1,534$1,019$658$415$258$24
37 years$1,476$968$616$383$233$20
38 years$1,422$920$577$353$212$17
39 years$1,370$874$540$325$192$14
40 years$1,321$832$506$300$174$12
41 years$1,274$792$475$277$158$10
42 years$1,230$754$445$255$143$8
43 years$1,188$719$418$236$130$7
44 years$1,148$685$392$218$118$6
45 years$1,110$653$368$201$107$5
46 years$1,073$623$346$186$97$4
47 years$1,038$595$325$172$88$3
48 years$1,005$568$305$159$80$3
49 years$974$542$287$146$73$2
50 years$943$518$270$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $966,000, adding $5,905 every year, while hoping to spend $47,638 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: 60/20/20 Blend
49$966,000$966,000$966,000$966,000
50$1,070,623$1,019,425$1,004,452$1,128,918
51$1,129,140$1,018,690$987,415$1,168,346
52$1,192,029$1,016,323$968,210$1,205,586
53$1,259,686$1,012,193$946,715$1,245,139
54$1,332,545$1,006,162$922,801$1,287,237
55$1,411,084$998,082$896,334$1,332,137
56$1,495,826$987,800$867,172$1,380,124
57$1,587,347$975,149$835,170$1,431,514
58$1,686,280$959,955$800,172$1,486,656
59$1,793,321$942,033$762,017$1,545,939
60$1,909,234$921,186$720,539$1,609,792
61$2,034,858$897,207$675,560$1,678,691
62$2,171,120$869,877$626,897$1,753,164
63$2,319,034$838,961$574,358$1,833,793
64$2,479,719$804,213$517,743$1,921,226
65$2,654,405$765,374$456,842$2,016,177
66$2,844,444$722,167$391,435$2,119,438
67$3,051,324$674,300$321,295$2,231,884
68$3,276,684$621,465$246,183$2,354,485
69$3,522,325$563,336$165,850$2,488,313
70$3,790,231$499,569$80,035$2,634,553
71$4,082,586$429,799$0$2,794,517
72$4,401,792$353,641$0$2,972,117
73$4,750,494$270,690$0$3,184,881
74$5,131,606$180,514$0$3,417,546
75$5,548,332$82,662$0$3,672,136
76$6,004,204$0$0$3,950,884
77$6,503,107$0$0$4,261,392
78$7,049,323$0$0$4,621,338
79$7,647,564$0$0$5,015,646
80$8,303,021$0$0$5,447,745
81$9,021,410$0$0$5,921,414
82$9,809,025$0$0$6,440,814
83$10,672,802$0$0$7,010,528
84$11,620,377$0$0$7,635,605
85$12,660,161$0$0$8,321,605
86$13,801,420$0$0$9,074,653
87$15,054,360$0$0$9,901,495
88$16,430,224$0$0$10,809,564
89$17,941,396$0$0$11,807,047
90$19,601,519$0$0$12,902,962
91$21,425,622$0$0$14,107,246
92$23,430,264$0$0$15,430,845
93$25,633,685$0$0$16,885,818
94$28,055,981$0$0$18,485,450
95$30,719,293$0$0$20,244,379
96$33,648,013$0$0$22,178,731
97$36,869,015$0$0$24,306,274
98$40,411,911$0$0$26,646,584
99$44,309,323$0$0$29,221,229
100$48,597,197$0$0$32,053,974