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%11.4%
1 years$79,854$79,143$78,449$77,771$77,110$76,656
2 years$39,532$38,795$38,082$37,390$36,719$36,261
3 years$26,093$25,353$24,642$23,956$23,296$22,848
4 years$19,374$18,637$17,933$17,259$16,615$16,181
5 years$15,345$14,612$13,917$13,257$12,630$12,211
6 years$12,659$11,932$11,247$10,601$9,994$9,590
7 years$10,741$10,020$9,346$8,716$8,128$7,740
8 years$9,304$8,589$7,926$7,312$6,743$6,370
9 years$8,186$7,478$6,827$6,228$5,678$5,321
10 years$7,293$6,592$5,952$5,369$4,838$4,497
11 years$6,562$5,868$5,240$4,672$4,161$3,835
12 years$5,954$5,267$4,650$4,098$3,606$3,294
13 years$5,440$4,760$4,155$3,618$3,144$2,847
14 years$4,999$4,327$3,733$3,212$2,756$2,473
15 years$4,618$3,952$3,370$2,864$2,427$2,158
16 years$4,284$3,626$3,056$2,565$2,145$1,889
17 years$3,990$3,340$2,781$2,304$1,902$1,659
18 years$3,729$3,086$2,538$2,077$1,691$1,461
19 years$3,496$2,860$2,324$1,876$1,507$1,289
20 years$3,287$2,658$2,133$1,699$1,346$1,140
21 years$3,097$2,476$1,962$1,542$1,205$1,010
22 years$2,925$2,311$1,808$1,402$1,080$896
23 years$2,768$2,161$1,669$1,277$969$796
24 years$2,625$2,025$1,544$1,165$871$708
25 years$2,493$1,900$1,430$1,064$784$630
26 years$2,372$1,786$1,326$973$706$562
27 years$2,259$1,681$1,231$890$637$501
28 years$2,155$1,584$1,145$816$575$447
29 years$2,059$1,494$1,065$748$519$399
30 years$1,968$1,411$992$687$469$357
31 years$1,884$1,334$925$631$424$319
32 years$1,806$1,262$863$579$383$285
33 years$1,732$1,195$806$533$347$255
34 years$1,662$1,133$753$490$314$228
35 years$1,597$1,075$704$451$285$204
36 years$1,536$1,020$659$416$258$183
37 years$1,478$969$616$383$234$164
38 years$1,423$921$577$353$212$147
39 years$1,371$875$541$325$192$132
40 years$1,322$833$507$300$174$118
41 years$1,275$793$475$277$158$106
42 years$1,231$755$446$256$143$95
43 years$1,189$719$418$236$130$85
44 years$1,149$686$393$218$118$76
45 years$1,111$654$369$201$107$68
46 years$1,074$624$346$186$97$61
47 years$1,040$595$325$172$88$55
48 years$1,006$568$306$159$80$49
49 years$975$543$287$147$73$44
50 years$944$518$270$136$66$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $967,000, adding $4,415 every year, while hoping to spend $58,883 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: 55/40/5 Blend
49$967,000$967,000$967,000$967,000
50$1,070,188$1,018,937$1,003,949$1,127,714
51$1,116,696$1,006,214$974,930$1,154,264
52$1,165,975$990,894$942,965$1,176,204
53$1,218,244$972,787$907,894$1,198,632
54$1,273,745$951,694$869,549$1,221,602
55$1,332,741$927,401$827,753$1,245,174
56$1,395,520$899,683$782,322$1,269,419
57$1,462,398$868,303$733,066$1,294,420
58$1,533,721$833,008$679,781$1,320,269
59$1,609,867$793,532$622,260$1,347,074
60$1,691,250$749,592$560,283$1,374,957
61$1,778,326$700,890$493,620$1,404,055
62$1,871,592$647,110$422,033$1,434,526
63$1,971,595$587,920$345,273$1,466,550
64$2,078,936$522,965$263,077$1,500,328
65$2,194,271$451,875$175,174$1,536,090
66$2,318,324$374,254$81,280$1,574,093
67$2,451,889$289,688$0$1,614,628
68$2,595,835$197,736$0$1,659,034
69$2,751,120$97,935$0$1,711,361
70$2,918,795$0$0$1,767,702
71$3,100,016$0$0$1,833,032
72$3,296,051$0$0$1,950,403
73$3,508,297$0$0$2,077,554
74$3,738,287$0$0$2,215,414
75$3,987,709$0$0$2,365,002
76$4,258,418$0$0$2,527,442
77$4,552,454$0$0$2,703,969
78$4,872,061$0$0$2,895,942
79$5,219,709$0$0$3,104,855
80$5,598,114$0$0$3,332,354
81$6,010,265$0$0$3,580,248
82$6,459,451$0$0$3,850,529
83$6,949,293$0$0$4,145,388
84$7,483,774$0$0$4,467,240
85$8,067,281$0$0$4,818,741
86$8,704,640$0$0$5,202,813
87$9,401,167$0$0$5,622,676
88$10,162,712$0$0$6,081,874
89$10,995,717$0$0$6,584,310
90$11,907,276$0$0$7,134,279
91$12,905,198$0$0$7,736,514
92$13,998,086$0$0$8,396,225
93$15,195,409$0$0$9,119,151
94$16,507,599$0$0$9,911,609
95$17,946,143$0$0$10,780,561
96$19,523,695$0$0$11,733,672
97$21,254,188$0$0$12,779,386
98$23,152,973$0$0$13,927,002
99$25,236,955$0$0$15,186,764
100$27,524,759$0$0$16,569,957