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%17.5%
1 years$79,854$79,143$78,449$77,771$77,110$74,761
2 years$39,532$38,795$38,082$37,390$36,719$34,373
3 years$26,093$25,353$24,642$23,956$23,296$21,026
4 years$19,374$18,637$17,933$17,259$16,615$14,439
5 years$15,345$14,612$13,917$13,257$12,630$10,554
6 years$12,659$11,932$11,247$10,601$9,994$8,018
7 years$10,741$10,020$9,346$8,716$8,128$6,253
8 years$9,304$8,589$7,926$7,312$6,743$4,968
9 years$8,186$7,478$6,827$6,228$5,678$4,002
10 years$7,293$6,592$5,952$5,369$4,838$3,258
11 years$6,562$5,868$5,240$4,672$4,161$2,673
12 years$5,954$5,267$4,650$4,098$3,606$2,208
13 years$5,440$4,760$4,155$3,618$3,144$1,833
14 years$4,999$4,327$3,733$3,212$2,756$1,528
15 years$4,618$3,952$3,370$2,864$2,427$1,278
16 years$4,284$3,626$3,056$2,565$2,145$1,072
17 years$3,990$3,340$2,781$2,304$1,902$902
18 years$3,729$3,086$2,538$2,077$1,691$760
19 years$3,496$2,860$2,324$1,876$1,507$641
20 years$3,287$2,658$2,133$1,699$1,346$541
21 years$3,097$2,476$1,962$1,542$1,205$458
22 years$2,925$2,311$1,808$1,402$1,080$388
23 years$2,768$2,161$1,669$1,277$969$329
24 years$2,625$2,025$1,544$1,165$871$279
25 years$2,493$1,900$1,430$1,064$784$236
26 years$2,372$1,786$1,326$973$706$201
27 years$2,259$1,681$1,231$890$637$170
28 years$2,155$1,584$1,145$816$575$145
29 years$2,059$1,494$1,065$748$519$123
30 years$1,968$1,411$992$687$469$104
31 years$1,884$1,334$925$631$424$89
32 years$1,806$1,262$863$579$383$76
33 years$1,732$1,195$806$533$347$64
34 years$1,662$1,133$753$490$314$55
35 years$1,597$1,075$704$451$285$46
36 years$1,536$1,020$659$416$258$40
37 years$1,478$969$616$383$234$34
38 years$1,423$921$577$353$212$29
39 years$1,371$875$541$325$192$24
40 years$1,322$833$507$300$174$21
41 years$1,275$793$475$277$158$18
42 years$1,231$755$446$256$143$15
43 years$1,189$719$418$236$130$13
44 years$1,149$686$393$218$118$11
45 years$1,111$654$369$201$107$9
46 years$1,074$624$346$186$97$8
47 years$1,040$595$325$172$88$7
48 years$1,006$568$306$159$80$6
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 $3,581 every year, while hoping to spend $48,378 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: 76/8/16 Blend
49$967,000$967,000$967,000$967,000
50$1,069,328$1,018,077$1,003,088$1,146,570
51$1,126,925$1,016,489$985,218$1,196,510
52$1,188,777$1,013,201$965,128$1,244,854
53$1,255,264$1,008,081$942,692$1,296,544
54$1,326,808$1,000,984$917,779$1,351,898
55$1,403,870$991,759$890,252$1,411,268
56$1,486,957$980,248$859,967$1,475,040
57$1,576,625$966,278$826,775$1,543,642
58$1,673,486$949,671$790,517$1,617,546
59$1,778,213$930,236$751,031$1,697,271
60$1,891,543$907,771$708,143$1,783,390
61$2,014,290$882,061$661,675$1,876,538
62$2,147,346$852,880$611,440$1,977,411
63$2,291,693$819,989$557,241$2,086,780
64$2,448,411$783,134$498,874$2,205,494
65$2,618,688$742,046$436,125$2,334,491
66$2,803,830$696,442$368,770$2,474,803
67$3,005,274$646,022$296,578$2,627,572
68$3,224,603$590,467$219,304$2,794,055
69$3,463,556$529,444$136,694$2,975,640
70$3,724,048$462,596$48,483$3,173,857
71$4,008,188$389,551$0$3,390,395
72$4,318,295$309,911$0$3,634,910
73$4,656,924$223,258$0$3,911,002
74$5,026,884$129,152$0$4,212,702
75$5,431,271$27,126$0$4,542,563
76$5,873,493$0$0$4,903,396
77$6,357,301$0$0$5,305,635
78$6,886,825$0$0$5,748,532
79$7,466,615$0$0$6,233,509
80$8,101,680$0$0$6,764,760
81$8,797,535$0$0$7,346,906
82$9,560,257$0$0$7,985,032
83$10,396,535$0$0$8,684,743
84$11,313,740$0$0$9,452,209
85$12,319,987$0$0$10,294,228
86$13,424,217$0$0$11,218,287
87$14,636,277$0$0$12,232,632
88$15,967,016$0$0$13,346,347
89$17,428,382$0$0$14,569,441
90$19,033,538$0$0$15,912,935
91$20,796,986$0$0$17,388,974
92$22,734,698$0$0$19,010,937
93$24,864,275$0$0$20,793,560
94$27,205,104$0$0$22,753,082
95$29,778,544$0$0$24,907,390
96$32,608,129$0$0$27,276,192
97$35,719,784$0$0$29,881,202
98$39,142,076$0$0$32,746,343
99$42,906,476$0$0$35,897,971
100$47,047,660$0$0$39,365,128