Can I retire at age 50 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$79,854$79,143$78,449$77,771$77,110$76,720
2 years$39,532$38,795$38,082$37,390$36,719$36,326
3 years$26,093$25,353$24,642$23,956$23,296$22,912
4 years$19,374$18,637$17,933$17,259$16,615$16,242
5 years$15,345$14,612$13,917$13,257$12,630$12,270
6 years$12,659$11,932$11,247$10,601$9,994$9,647
7 years$10,741$10,020$9,346$8,716$8,128$7,794
8 years$9,304$8,589$7,926$7,312$6,743$6,422
9 years$8,186$7,478$6,827$6,228$5,678$5,371
10 years$7,293$6,592$5,952$5,369$4,838$4,544
11 years$6,562$5,868$5,240$4,672$4,161$3,880
12 years$5,954$5,267$4,650$4,098$3,606$3,337
13 years$5,440$4,760$4,155$3,618$3,144$2,888
14 years$4,999$4,327$3,733$3,212$2,756$2,512
15 years$4,618$3,952$3,370$2,864$2,427$2,195
16 years$4,284$3,626$3,056$2,565$2,145$1,924
17 years$3,990$3,340$2,781$2,304$1,902$1,692
18 years$3,729$3,086$2,538$2,077$1,691$1,492
19 years$3,496$2,860$2,324$1,876$1,507$1,319
20 years$3,287$2,658$2,133$1,699$1,346$1,168
21 years$3,097$2,476$1,962$1,542$1,205$1,036
22 years$2,925$2,311$1,808$1,402$1,080$920
23 years$2,768$2,161$1,669$1,277$969$819
24 years$2,625$2,025$1,544$1,165$871$729
25 years$2,493$1,900$1,430$1,064$784$650
26 years$2,372$1,786$1,326$973$706$580
27 years$2,259$1,681$1,231$890$637$518
28 years$2,155$1,584$1,145$816$575$463
29 years$2,059$1,494$1,065$748$519$415
30 years$1,968$1,411$992$687$469$371
31 years$1,884$1,334$925$631$424$332
32 years$1,806$1,262$863$579$383$298
33 years$1,732$1,195$806$533$347$267
34 years$1,662$1,133$753$490$314$239
35 years$1,597$1,075$704$451$285$214
36 years$1,536$1,020$659$416$258$192
37 years$1,478$969$616$383$234$173
38 years$1,423$921$577$353$212$155
39 years$1,371$875$541$325$192$139
40 years$1,322$833$507$300$174$125
41 years$1,275$793$475$277$158$112
42 years$1,231$755$446$256$143$101
43 years$1,189$719$418$236$130$90
44 years$1,149$686$393$218$118$81
45 years$1,111$654$369$201$107$73
46 years$1,074$624$346$186$97$66
47 years$1,040$595$325$172$88$59
48 years$1,006$568$306$159$80$53
49 years$975$543$287$147$73$48
50 years$944$518$270$136$66$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $967,000, adding $2,909 every year, while hoping to spend $59,319 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: 66/10/24 Blend
49$967,000$967,000$967,000$967,000
50$1,068,635$1,017,384$1,002,395$1,132,356
51$1,114,520$1,004,120$972,860$1,162,319
52$1,163,098$988,219$940,348$1,188,078
53$1,214,581$969,488$904,696$1,214,879
54$1,269,199$947,724$865,734$1,242,826
55$1,327,206$922,711$823,285$1,272,038
56$1,388,879$894,222$777,163$1,302,646
57$1,454,521$862,016$727,175$1,334,798
58$1,524,464$825,836$673,117$1,368,657
59$1,599,071$785,414$614,778$1,404,408
60$1,678,740$740,463$551,937$1,442,255
61$1,763,907$690,681$484,362$1,482,426
62$1,855,050$635,749$411,812$1,525,176
63$1,952,693$575,328$334,036$1,570,788
64$2,057,411$509,063$250,770$1,619,579
65$2,169,835$436,575$161,738$1,671,898
66$2,290,657$357,466$66,656$1,728,138
67$2,420,637$271,315$0$1,788,732
68$2,560,609$177,677$0$1,863,079
69$2,711,491$76,082$0$1,961,596
70$2,874,287$0$0$2,067,875
71$3,050,106$0$0$2,186,401
72$3,240,160$0$0$2,323,624
73$3,445,788$0$0$2,472,141
74$3,668,455$0$0$2,633,019
75$3,909,778$0$0$2,807,431
76$4,171,530$0$0$2,996,668
77$4,455,664$0$0$3,202,147
78$4,764,327$0$0$3,425,430
79$5,099,881$0$0$3,668,232
80$5,464,923$0$0$3,932,443
81$5,862,312$0$0$4,220,139
82$6,295,194$0$0$4,533,608
83$6,767,030$0$0$4,875,366
84$7,281,630$0$0$5,248,182
85$7,843,186$0$0$5,655,105
86$8,456,314$0$0$6,099,489
87$9,126,095$0$0$6,585,028
88$9,858,121$0$0$7,115,790
89$10,658,550$0$0$7,696,251
90$11,534,163$0$0$8,331,340
91$12,492,424$0$0$9,026,485
92$13,541,554$0$0$9,787,663
93$14,690,604$0$0$10,621,457
94$15,949,544$0$0$11,535,115
95$17,329,351$0$0$12,536,619
96$18,842,116$0$0$13,634,761
97$20,501,157$0$0$14,839,226
98$22,321,139$0$0$16,160,678
99$24,318,219$0$0$17,610,865
100$26,510,192$0$0$19,202,728