Can I retire at age 50 with 967,000?

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 $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%17.7%
1 years$79,854$79,143$78,449$77,771$77,110$74,701
2 years$39,532$38,795$38,082$37,390$36,719$34,314
3 years$26,093$25,353$24,642$23,956$23,296$20,970
4 years$19,374$18,637$17,933$17,259$16,615$14,385
5 years$15,345$14,612$13,917$13,257$12,630$10,504
6 years$12,659$11,932$11,247$10,601$9,994$7,972
7 years$10,741$10,020$9,346$8,716$8,128$6,210
8 years$9,304$8,589$7,926$7,312$6,743$4,928
9 years$8,186$7,478$6,827$6,228$5,678$3,965
10 years$7,293$6,592$5,952$5,369$4,838$3,223
11 years$6,562$5,868$5,240$4,672$4,161$2,642
12 years$5,954$5,267$4,650$4,098$3,606$2,179
13 years$5,440$4,760$4,155$3,618$3,144$1,806
14 years$4,999$4,327$3,733$3,212$2,756$1,504
15 years$4,618$3,952$3,370$2,864$2,427$1,256
16 years$4,284$3,626$3,056$2,565$2,145$1,052
17 years$3,990$3,340$2,781$2,304$1,902$883
18 years$3,729$3,086$2,538$2,077$1,691$743
19 years$3,496$2,860$2,324$1,876$1,507$626
20 years$3,287$2,658$2,133$1,699$1,346$528
21 years$3,097$2,476$1,962$1,542$1,205$446
22 years$2,925$2,311$1,808$1,402$1,080$377
23 years$2,768$2,161$1,669$1,277$969$319
24 years$2,625$2,025$1,544$1,165$871$270
25 years$2,493$1,900$1,430$1,064$784$229
26 years$2,372$1,786$1,326$973$706$194
27 years$2,259$1,681$1,231$890$637$164
28 years$2,155$1,584$1,145$816$575$139
29 years$2,059$1,494$1,065$748$519$118
30 years$1,968$1,411$992$687$469$100
31 years$1,884$1,334$925$631$424$85
32 years$1,806$1,262$863$579$383$72
33 years$1,732$1,195$806$533$347$61
34 years$1,662$1,133$753$490$314$52
35 years$1,597$1,075$704$451$285$44
36 years$1,536$1,020$659$416$258$38
37 years$1,478$969$616$383$234$32
38 years$1,423$921$577$353$212$27
39 years$1,371$875$541$325$192$23
40 years$1,322$833$507$300$174$20
41 years$1,275$793$475$277$158$17
42 years$1,231$755$446$256$143$14
43 years$1,189$719$418$236$130$12
44 years$1,149$686$393$218$118$10
45 years$1,111$654$369$201$107$9
46 years$1,074$624$346$186$97$7
47 years$1,040$595$325$172$88$6
48 years$1,006$568$306$159$80$5
49 years$975$543$287$147$73$5
50 years$944$518$270$136$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $967,000, adding $2,841 every year, while hoping to spend $25,828 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: 65/16/19 Blend
49$967,000$967,000$967,000$967,000
50$1,068,564$1,017,313$1,002,325$1,132,744
51$1,150,077$1,039,681$1,008,422$1,198,532
52$1,239,039$1,062,279$1,013,858$1,267,185
53$1,336,181$1,085,091$1,018,583$1,341,596
54$1,442,311$1,108,100$1,022,545$1,422,331
55$1,558,317$1,131,287$1,025,690$1,510,012
56$1,685,175$1,154,630$1,027,960$1,605,322
57$1,823,961$1,178,105$1,029,295$1,709,019
58$1,975,861$1,201,688$1,029,633$1,821,933
59$2,142,180$1,225,352$1,028,906$1,944,983
60$2,324,353$1,249,065$1,027,045$2,079,178
61$2,523,964$1,272,796$1,023,978$2,225,632
62$2,742,754$1,296,509$1,019,628$2,385,572
63$2,982,644$1,320,167$1,013,914$2,560,352
64$3,245,747$1,343,728$1,006,753$2,751,461
65$3,534,390$1,367,148$998,056$2,960,544
66$3,851,139$1,390,379$987,732$3,189,411
67$4,198,817$1,413,370$975,684$3,440,057
68$4,580,538$1,436,066$961,810$3,714,682
69$4,999,727$1,458,407$946,005$4,015,712
70$5,460,160$1,480,330$928,157$4,345,817
71$5,965,997$1,501,767$908,151$4,707,943
72$6,521,820$1,522,645$885,865$5,105,337
73$7,132,676$1,542,886$861,173$5,541,575
74$7,804,128$1,562,405$833,940$6,020,602
75$8,542,300$1,581,115$804,029$6,546,764
76$9,353,945$1,598,919$771,293$7,124,852
77$10,246,497$1,615,716$735,581$7,760,145
78$11,228,150$1,631,397$696,734$8,458,463
79$12,307,933$1,645,846$654,586$9,226,221
80$13,495,790$1,658,941$608,963$10,070,488
81$14,802,681$1,670,550$559,684$10,999,057
82$16,240,680$1,680,532$506,558$12,020,516
83$17,823,091$1,688,739$449,389$13,144,331
84$19,564,572$1,695,013$387,970$14,380,934
85$21,481,275$1,699,186$322,084$15,741,825
86$23,590,997$1,701,079$251,506$17,239,678
87$25,913,348$1,700,501$176,001$18,888,461
88$28,469,935$1,697,250$95,322$20,703,569
89$31,284,567$1,691,114$9,213$22,701,970
90$34,383,478$1,681,864$0$24,902,367
91$37,795,576$1,669,259$0$27,342,131
92$41,552,716$1,653,043$0$30,030,302
93$45,689,996$1,632,945$0$32,990,105
94$50,246,094$1,608,678$0$36,249,196
95$55,263,630$1,579,937$0$39,838,052
96$60,789,566$1,546,400$0$43,790,258
97$66,875,652$1,507,724$0$48,142,826
98$73,578,914$1,463,548$0$52,936,540
99$80,962,189$1,413,488$0$58,216,347
100$89,094,723$1,357,140$0$64,031,780