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%11.3%
1 years$79,771$79,061$78,368$77,691$77,030$76,609
2 years$39,491$38,755$38,043$37,351$36,681$36,256
3 years$26,066$25,327$24,616$23,931$23,272$22,856
4 years$19,354$18,618$17,914$17,241$16,598$16,195
5 years$15,329$14,597$13,902$13,243$12,617$12,228
6 years$12,646$11,919$11,235$10,590$9,984$9,609
7 years$10,730$10,010$9,336$8,707$8,119$7,759
8 years$9,294$8,580$7,918$7,304$6,736$6,390
9 years$8,178$7,471$6,820$6,221$5,673$5,341
10 years$7,285$6,585$5,946$5,363$4,833$4,516
11 years$6,555$5,862$5,234$4,667$4,157$3,853
12 years$5,948$5,262$4,645$4,094$3,602$3,312
13 years$5,434$4,755$4,150$3,614$3,141$2,865
14 years$4,994$4,322$3,729$3,208$2,754$2,490
15 years$4,613$3,948$3,367$2,861$2,424$2,174
16 years$4,280$3,623$3,053$2,562$2,143$1,905
17 years$3,986$3,336$2,778$2,302$1,900$1,674
18 years$3,725$3,083$2,536$2,075$1,689$1,475
19 years$3,493$2,857$2,321$1,874$1,506$1,303
20 years$3,283$2,655$2,130$1,698$1,345$1,153
21 years$3,094$2,473$1,960$1,541$1,204$1,022
22 years$2,922$2,308$1,806$1,401$1,079$907
23 years$2,766$2,159$1,668$1,276$968$807
24 years$2,622$2,023$1,542$1,164$870$718
25 years$2,490$1,898$1,428$1,063$783$640
26 years$2,369$1,784$1,325$972$706$570
27 years$2,257$1,679$1,230$889$636$509
28 years$2,153$1,582$1,144$815$574$455
29 years$2,056$1,493$1,064$747$518$406
30 years$1,966$1,410$991$686$468$363
31 years$1,882$1,333$924$630$423$325
32 years$1,804$1,261$862$579$383$291
33 years$1,730$1,194$805$532$347$261
34 years$1,661$1,132$752$490$314$233
35 years$1,596$1,073$703$451$284$209
36 years$1,534$1,019$658$415$258$187
37 years$1,476$968$616$383$233$168
38 years$1,422$920$577$353$212$151
39 years$1,370$874$540$325$192$135
40 years$1,321$832$506$300$174$121
41 years$1,274$792$475$277$158$109
42 years$1,230$754$445$255$143$98
43 years$1,188$719$418$236$130$88
44 years$1,148$685$392$218$118$79
45 years$1,110$653$368$201$107$71
46 years$1,073$623$346$186$97$63
47 years$1,038$595$325$172$88$57
48 years$1,005$568$305$159$80$51
49 years$974$542$287$146$73$46
50 years$943$518$270$135$66$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $966,000, adding $4,126 every year, while hoping to spend $25,469 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: 39/40/21 Blend
49$966,000$966,000$966,000$966,000
50$1,068,788$1,017,590$1,002,617$1,103,645
51$1,150,706$1,040,353$1,009,106$1,151,893
52$1,240,125$1,063,378$1,014,958$1,201,312
53$1,337,785$1,086,651$1,020,127$1,254,230
54$1,444,498$1,110,155$1,024,560$1,310,978
55$1,561,159$1,133,875$1,028,204$1,371,922
56$1,688,752$1,157,790$1,031,005$1,437,467
57$1,828,364$1,181,881$1,032,902$1,508,055
58$1,981,188$1,206,124$1,033,835$1,584,179
59$2,148,539$1,230,494$1,033,739$1,666,378
60$2,331,866$1,254,964$1,032,545$1,755,250
61$2,532,764$1,279,505$1,030,183$1,851,451
62$2,752,989$1,304,084$1,026,578$1,955,708
63$2,994,477$1,328,667$1,021,651$2,068,820
64$3,259,358$1,353,216$1,015,321$2,191,670
65$3,549,980$1,377,691$1,007,501$2,325,231
66$3,868,927$1,402,047$998,101$2,470,575
67$4,219,047$1,426,237$987,028$2,628,887
68$4,603,478$1,450,211$974,181$2,801,472
69$5,025,674$1,473,913$959,458$2,989,769
70$5,489,443$1,497,284$942,749$3,195,367
71$5,998,977$1,520,262$923,943$3,420,017
72$6,558,897$1,542,779$902,919$3,665,650
73$7,174,291$1,564,762$879,553$3,934,395
74$7,850,766$1,586,133$853,716$4,228,603
75$8,594,500$1,606,809$825,271$4,550,863
76$9,412,298$1,626,702$794,076$4,904,032
77$10,311,658$1,645,715$759,983$5,291,260
78$11,300,840$1,663,749$722,836$5,716,023
79$12,388,947$1,680,694$682,472$6,182,150
80$13,586,007$1,696,435$638,722$6,693,868
81$14,903,069$1,710,849$591,408$7,255,833
82$16,352,306$1,723,805$540,345$7,873,184
83$17,947,133$1,735,163$485,338$8,551,584
84$19,702,330$1,744,775$426,186$9,297,281
85$21,634,181$1,752,483$362,677$10,117,160
86$23,760,631$1,758,118$294,590$11,018,815
87$26,101,451$1,761,501$221,694$12,010,620
88$28,678,427$1,762,444$143,750$13,101,805
89$31,515,566$1,760,743$60,505$14,302,548
90$34,639,320$1,756,185$0$15,624,072
91$38,078,835$1,748,542$0$17,085,097
92$41,866,229$1,737,574$0$18,707,797
93$46,036,893$1,723,023$0$20,493,701
94$50,629,824$1,704,620$0$22,459,456
95$55,687,995$1,682,075$0$24,623,409
96$61,258,758$1,655,084$0$27,005,783
97$67,394,293$1,623,325$0$29,628,867
98$74,152,097$1,586,454$0$32,517,230
99$81,595,530$1,544,109$0$35,697,949
100$89,794,411$1,495,908$0$39,200,868