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%12.1%
1 years$79,771$79,061$78,368$77,691$77,030$76,353
2 years$39,491$38,755$38,043$37,351$36,681$35,999
3 years$26,066$25,327$24,616$23,931$23,272$22,605
4 years$19,354$18,618$17,914$17,241$16,598$15,952
5 years$15,329$14,597$13,902$13,243$12,617$11,995
6 years$12,646$11,919$11,235$10,590$9,984$9,385
7 years$10,730$10,010$9,336$8,707$8,119$7,545
8 years$9,294$8,580$7,918$7,304$6,736$6,185
9 years$8,178$7,471$6,820$6,221$5,673$5,146
10 years$7,285$6,585$5,946$5,363$4,833$4,330
11 years$6,555$5,862$5,234$4,667$4,157$3,677
12 years$5,948$5,262$4,645$4,094$3,602$3,145
13 years$5,434$4,755$4,150$3,614$3,141$2,706
14 years$4,994$4,322$3,729$3,208$2,754$2,340
15 years$4,613$3,948$3,367$2,861$2,424$2,032
16 years$4,280$3,623$3,053$2,562$2,143$1,770
17 years$3,986$3,336$2,778$2,302$1,900$1,547
18 years$3,725$3,083$2,536$2,075$1,689$1,356
19 years$3,493$2,857$2,321$1,874$1,506$1,191
20 years$3,283$2,655$2,130$1,698$1,345$1,047
21 years$3,094$2,473$1,960$1,541$1,204$923
22 years$2,922$2,308$1,806$1,401$1,079$815
23 years$2,766$2,159$1,668$1,276$968$720
24 years$2,622$2,023$1,542$1,164$870$637
25 years$2,490$1,898$1,428$1,063$783$564
26 years$2,369$1,784$1,325$972$706$500
27 years$2,257$1,679$1,230$889$636$443
28 years$2,153$1,582$1,144$815$574$393
29 years$2,056$1,493$1,064$747$518$349
30 years$1,966$1,410$991$686$468$310
31 years$1,882$1,333$924$630$423$276
32 years$1,804$1,261$862$579$383$245
33 years$1,730$1,194$805$532$347$218
34 years$1,661$1,132$752$490$314$194
35 years$1,596$1,073$703$451$284$173
36 years$1,534$1,019$658$415$258$154
37 years$1,476$968$616$383$233$137
38 years$1,422$920$577$353$212$122
39 years$1,370$874$540$325$192$109
40 years$1,321$832$506$300$174$97
41 years$1,274$792$475$277$158$86
42 years$1,230$754$445$255$143$77
43 years$1,188$719$418$236$130$69
44 years$1,148$685$392$218$118$61
45 years$1,110$653$368$201$107$54
46 years$1,073$623$346$186$97$49
47 years$1,038$595$325$172$88$43
48 years$1,005$568$305$159$80$39
49 years$974$542$287$146$73$34
50 years$943$518$270$135$66$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $966,000, adding $4,877 every year, while hoping to spend $54,019 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: 62/14/24 Blend
49$966,000$966,000$966,000$966,000
50$1,069,563$1,018,365$1,003,392$1,128,813
51$1,121,182$1,010,789$979,529$1,161,935
52$1,176,257$1,001,031$953,057$1,191,706
53$1,235,081$988,928$923,831$1,223,016
54$1,297,979$974,305$891,699$1,256,024
55$1,365,306$956,979$856,504$1,290,905
56$1,437,450$936,754$818,080$1,327,856
57$1,514,839$913,424$776,255$1,367,096
58$1,597,941$886,770$730,848$1,408,868
59$1,687,270$856,561$681,670$1,453,442
60$1,783,390$822,551$628,524$1,501,119
61$1,886,920$784,481$571,205$1,552,234
62$1,998,542$742,076$509,496$1,607,158
63$2,119,003$695,048$443,174$1,666,304
64$2,249,125$643,088$372,003$1,730,129
65$2,389,809$585,872$295,739$1,799,142
66$2,542,048$523,059$214,124$1,873,908
67$2,706,932$454,284$126,893$1,955,052
68$2,885,661$379,166$33,766$2,043,267
69$3,079,552$297,299$0$2,139,325
70$3,290,057$208,257$0$2,260,880
71$3,518,769$111,588$0$2,402,394
72$3,767,444$6,816$0$2,556,340
73$4,038,011$0$0$2,723,961
74$4,332,593$0$0$2,923,047
75$4,653,529$0$0$3,141,152
76$5,003,388$0$0$3,378,983
77$5,385,002$0$0$3,638,472
78$5,801,486$0$0$3,921,746
79$6,256,268$0$0$4,231,146
80$6,753,124$0$0$4,569,251
81$7,296,208$0$0$4,938,898
82$7,890,096$0$0$5,343,212
83$8,539,826$0$0$5,785,634
84$9,250,943$0$0$6,269,951
85$10,029,557$0$0$6,800,334
86$10,882,392$0$0$7,381,379
87$11,816,855$0$0$8,018,144
88$12,841,104$0$0$8,716,200
89$13,964,123$0$0$9,481,685
90$15,195,807$0$0$10,321,357
91$16,547,053$0$0$11,242,660
92$18,029,867$0$0$12,253,795
93$19,657,471$0$0$13,363,794
94$21,444,429$0$0$14,582,606
95$23,406,788$0$0$15,921,191
96$25,562,220$0$0$17,391,624
97$27,930,196$0$0$19,007,205
98$30,532,166$0$0$20,782,586
99$33,391,759$0$0$22,733,911
100$36,535,008$0$0$24,878,963