Can I retire at age 50 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$79,937$79,225$78,530$77,852$77,190$74,392
2 years$39,573$38,836$38,121$37,429$36,757$33,969
3 years$26,120$25,379$24,667$23,981$23,320$20,629
4 years$19,395$18,657$17,951$17,277$16,632$14,059
5 years$15,360$14,627$13,931$13,270$12,643$10,195
6 years$12,672$11,944$11,258$10,612$10,004$7,683
7 years$10,752$10,031$9,356$8,725$8,136$5,941
8 years$9,313$8,598$7,934$7,319$6,750$4,678
9 years$8,195$7,486$6,834$6,234$5,684$3,734
10 years$7,300$6,599$5,958$5,374$4,843$3,011
11 years$6,569$5,874$5,245$4,677$4,165$2,447
12 years$5,960$5,273$4,655$4,102$3,610$2,001
13 years$5,445$4,765$4,159$3,622$3,148$1,644
14 years$5,004$4,331$3,737$3,215$2,759$1,357
15 years$4,622$3,957$3,374$2,867$2,429$1,123
16 years$4,289$3,630$3,059$2,567$2,147$932
17 years$3,994$3,343$2,783$2,307$1,904$775
18 years$3,733$3,089$2,541$2,079$1,693$645
19 years$3,500$2,863$2,326$1,878$1,509$538
20 years$3,290$2,660$2,135$1,701$1,348$450
21 years$3,100$2,478$1,964$1,544$1,206$376
22 years$2,928$2,313$1,810$1,404$1,081$315
23 years$2,771$2,164$1,671$1,278$970$263
24 years$2,628$2,027$1,545$1,166$872$221
25 years$2,496$1,902$1,431$1,065$785$185
26 years$2,374$1,788$1,327$974$707$155
27 years$2,262$1,683$1,233$891$637$130
28 years$2,157$1,586$1,146$817$575$109
29 years$2,061$1,496$1,066$749$519$92
30 years$1,970$1,413$993$687$469$77
31 years$1,886$1,335$926$631$424$65
32 years$1,807$1,264$864$580$384$54
33 years$1,734$1,197$807$533$347$46
34 years$1,664$1,134$754$491$314$38
35 years$1,599$1,076$705$452$285$32
36 years$1,537$1,021$659$416$258$27
37 years$1,479$970$617$383$234$23
38 years$1,425$922$578$353$212$19
39 years$1,373$876$541$326$192$16
40 years$1,323$834$507$301$174$13
41 years$1,277$794$476$277$158$11
42 years$1,232$756$446$256$144$9
43 years$1,190$720$419$236$130$8
44 years$1,150$686$393$218$118$7
45 years$1,112$655$369$201$107$6
46 years$1,075$624$347$186$97$5
47 years$1,041$596$326$172$89$4
48 years$1,007$569$306$159$80$3
49 years$976$543$288$147$73$3
50 years$945$519$270$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $968,000, adding $6,699 every year, while hoping to spend $48,583 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: 40/32/28 Blend
49$968,000$968,000$968,000$968,000
50$1,073,646$1,022,342$1,007,338$1,107,491
51$1,131,466$1,020,745$989,392$1,131,108
52$1,193,555$1,017,441$969,216$1,151,637
53$1,260,298$1,012,296$946,685$1,172,921
54$1,332,116$1,005,166$921,667$1,195,059
55$1,409,473$995,900$894,023$1,218,166
56$1,492,876$984,336$863,610$1,242,369
57$1,582,885$970,305$830,277$1,267,814
58$1,680,114$953,624$793,866$1,294,666
59$1,785,237$934,103$754,212$1,323,109
60$1,898,996$911,539$711,143$1,353,354
61$2,022,206$885,716$664,478$1,385,634
62$2,155,762$856,408$614,029$1,420,215
63$2,300,651$823,373$559,601$1,457,394
64$2,457,957$786,357$500,986$1,497,502
65$2,628,870$745,091$437,971$1,540,914
66$2,814,703$699,288$370,332$1,588,046
67$3,016,898$648,649$297,833$1,639,366
68$3,237,043$592,854$220,232$1,695,396
69$3,476,884$531,566$137,272$1,756,720
70$3,738,343$464,429$48,687$1,823,987
71$4,023,535$391,068$0$1,897,925
72$4,334,789$311,084$0$1,993,039
73$4,674,668$224,058$0$2,112,946
74$5,045,994$129,545$0$2,244,180
75$5,451,871$27,079$0$2,387,953
76$5,895,720$0$0$2,545,603
77$6,381,307$0$0$2,748,137
78$6,912,776$0$0$2,980,370
79$7,494,693$0$0$3,234,775
80$8,132,085$0$0$3,513,568
81$8,830,489$0$0$3,819,186
82$9,596,001$0$0$4,154,315
83$10,435,337$0$0$4,521,913
84$11,355,892$0$0$4,925,237
85$12,365,813$0$0$5,367,876
86$13,474,071$0$0$5,853,783
87$14,690,551$0$0$6,387,311
88$16,026,138$0$0$6,973,257
89$17,492,826$0$0$7,616,904
90$19,103,825$0$0$8,324,073
91$20,873,687$0$0$9,101,177
92$22,818,445$0$0$9,955,278
93$24,955,762$0$0$10,894,159
94$27,305,094$0$0$11,926,396
95$29,887,880$0$0$13,061,432
96$32,727,736$0$0$14,309,677
97$35,850,683$0$0$15,682,595
98$39,285,389$0$0$17,192,822
99$43,063,441$0$0$18,854,275
100$47,219,638$0$0$20,682,292