Can I retire at age 50 with 966,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$79,771$79,061$78,368$77,691$77,030$75,506
2 years$39,491$38,755$38,043$37,351$36,681$35,152
3 years$26,066$25,327$24,616$23,931$23,272$21,785
4 years$19,354$18,618$17,914$17,241$16,598$15,165
5 years$15,329$14,597$13,902$13,243$12,617$11,243
6 years$12,646$11,919$11,235$10,590$9,984$8,669
7 years$10,730$10,010$9,336$8,707$8,119$6,865
8 years$9,294$8,580$7,918$7,304$6,736$5,541
9 years$8,178$7,471$6,820$6,221$5,673$4,537
10 years$7,285$6,585$5,946$5,363$4,833$3,755
11 years$6,555$5,862$5,234$4,667$4,157$3,135
12 years$5,948$5,262$4,645$4,094$3,602$2,636
13 years$5,434$4,755$4,150$3,614$3,141$2,228
14 years$4,994$4,322$3,729$3,208$2,754$1,892
15 years$4,613$3,948$3,367$2,861$2,424$1,613
16 years$4,280$3,623$3,053$2,562$2,143$1,380
17 years$3,986$3,336$2,778$2,302$1,900$1,183
18 years$3,725$3,083$2,536$2,075$1,689$1,016
19 years$3,493$2,857$2,321$1,874$1,506$875
20 years$3,283$2,655$2,130$1,698$1,345$755
21 years$3,094$2,473$1,960$1,541$1,204$652
22 years$2,922$2,308$1,806$1,401$1,079$563
23 years$2,766$2,159$1,668$1,276$968$488
24 years$2,622$2,023$1,542$1,164$870$422
25 years$2,490$1,898$1,428$1,063$783$366
26 years$2,369$1,784$1,325$972$706$318
27 years$2,257$1,679$1,230$889$636$276
28 years$2,153$1,582$1,144$815$574$239
29 years$2,056$1,493$1,064$747$518$208
30 years$1,966$1,410$991$686$468$181
31 years$1,882$1,333$924$630$423$157
32 years$1,804$1,261$862$579$383$137
33 years$1,730$1,194$805$532$347$119
34 years$1,661$1,132$752$490$314$103
35 years$1,596$1,073$703$451$284$90
36 years$1,534$1,019$658$415$258$78
37 years$1,476$968$616$383$233$68
38 years$1,422$920$577$353$212$59
39 years$1,370$874$540$325$192$52
40 years$1,321$832$506$300$174$45
41 years$1,274$792$475$277$158$39
42 years$1,230$754$445$255$143$34
43 years$1,188$719$418$236$130$30
44 years$1,148$685$392$218$118$26
45 years$1,110$653$368$201$107$22
46 years$1,073$623$346$186$97$20
47 years$1,038$595$325$172$88$17
48 years$1,005$568$305$159$80$15
49 years$974$542$287$146$73$13
50 years$943$518$270$135$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $966,000, adding $3,837 every year, while hoping to spend $50,177 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: 60/16/24 Blend
49$966,000$966,000$966,000$966,000
50$1,068,490$1,017,292$1,002,319$1,125,538
51$1,124,088$1,013,751$982,509$1,161,211
52$1,183,675$1,008,355$960,353$1,194,339
53$1,247,606$1,000,960$935,720$1,229,393
54$1,316,268$991,414$908,473$1,266,569
55$1,390,088$979,554$878,468$1,306,088
56$1,469,533$965,209$845,553$1,348,193
57$1,555,119$948,197$809,572$1,393,153
58$1,647,408$928,326$770,360$1,441,270
59$1,747,022$905,391$727,745$1,492,876
60$1,854,640$879,178$681,547$1,548,341
61$1,971,013$849,457$631,578$1,608,075
62$2,096,962$815,987$577,642$1,672,533
63$2,233,393$778,511$519,534$1,742,221
64$2,381,300$736,758$457,039$1,817,696
65$2,541,776$690,443$389,934$1,899,578
66$2,716,025$639,263$317,984$1,988,555
67$2,905,370$582,896$240,946$2,085,387
68$3,111,265$521,006$158,566$2,190,917
69$3,335,312$453,234$70,576$2,306,077
70$3,579,274$379,201$0$2,431,900
71$3,845,087$298,510$0$2,575,502
72$4,134,887$210,738$0$2,751,851
73$4,451,021$115,439$0$2,944,332
74$4,796,073$12,143$0$3,154,575
75$5,172,888$0$0$3,384,376
76$5,584,598$0$0$3,653,261
77$6,034,652$0$0$3,949,599
78$6,526,844$0$0$4,273,761
79$7,065,354$0$0$4,628,507
80$7,654,785$0$0$5,016,881
81$8,300,203$0$0$5,442,231
82$9,007,191$0$0$5,908,247
83$9,781,892$0$0$6,418,989
84$10,631,077$0$0$6,978,933
85$11,562,198$0$0$7,593,004
86$12,583,466$0$0$8,266,631
87$13,703,924$0$0$9,005,791
88$14,933,532$0$0$9,817,068
89$16,283,262$0$0$10,707,715
90$17,765,200$0$0$11,685,721
91$19,392,659$0$0$12,759,886
92$21,180,304$0$0$13,939,907
93$23,144,291$0$0$15,236,463
94$25,302,417$0$0$16,661,320
95$27,674,291$0$0$18,227,441
96$30,281,514$0$0$19,949,107
97$33,147,883$0$0$21,842,049
98$36,299,618$0$0$23,923,604
99$39,765,605$0$0$26,212,867
100$43,577,671$0$0$28,730,880