Can I retire at age 50 with 968,000?

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 $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%13.5%
1 years$79,937$79,225$78,530$77,852$77,190$76,068
2 years$39,573$38,836$38,121$37,429$36,757$35,629
3 years$26,120$25,379$24,667$23,981$23,320$22,221
4 years$19,395$18,657$17,951$17,277$16,632$15,571
5 years$15,360$14,627$13,931$13,270$12,643$11,622
6 years$12,672$11,944$11,258$10,612$10,004$9,025
7 years$10,752$10,031$9,356$8,725$8,136$7,199
8 years$9,313$8,598$7,934$7,319$6,750$5,855
9 years$8,195$7,486$6,834$6,234$5,684$4,831
10 years$7,300$6,599$5,958$5,374$4,843$4,031
11 years$6,569$5,874$5,245$4,677$4,165$3,393
12 years$5,960$5,273$4,655$4,102$3,610$2,876
13 years$5,445$4,765$4,159$3,622$3,148$2,452
14 years$5,004$4,331$3,737$3,215$2,759$2,101
15 years$4,622$3,957$3,374$2,867$2,429$1,807
16 years$4,289$3,630$3,059$2,567$2,147$1,560
17 years$3,994$3,343$2,783$2,307$1,904$1,350
18 years$3,733$3,089$2,541$2,079$1,693$1,171
19 years$3,500$2,863$2,326$1,878$1,509$1,018
20 years$3,290$2,660$2,135$1,701$1,348$886
21 years$3,100$2,478$1,964$1,544$1,206$773
22 years$2,928$2,313$1,810$1,404$1,081$675
23 years$2,771$2,164$1,671$1,278$970$590
24 years$2,628$2,027$1,545$1,166$872$516
25 years$2,496$1,902$1,431$1,065$785$452
26 years$2,374$1,788$1,327$974$707$396
27 years$2,262$1,683$1,233$891$637$348
28 years$2,157$1,586$1,146$817$575$305
29 years$2,061$1,496$1,066$749$519$268
30 years$1,970$1,413$993$687$469$235
31 years$1,886$1,335$926$631$424$207
32 years$1,807$1,264$864$580$384$182
33 years$1,734$1,197$807$533$347$160
34 years$1,664$1,134$754$491$314$140
35 years$1,599$1,076$705$452$285$124
36 years$1,537$1,021$659$416$258$109
37 years$1,479$970$617$383$234$96
38 years$1,425$922$578$353$212$84
39 years$1,373$876$541$326$192$74
40 years$1,323$834$507$301$174$65
41 years$1,277$794$476$277$158$57
42 years$1,232$756$446$256$144$51
43 years$1,190$720$419$236$130$45
44 years$1,150$686$393$218$118$39
45 years$1,112$655$369$201$107$35
46 years$1,075$624$347$186$97$30
47 years$1,041$596$326$172$89$27
48 years$1,007$569$306$159$80$24
49 years$976$543$288$147$73$21
50 years$945$519$270$136$66$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $968,000, adding $2,562 every year, while hoping to spend $51,323 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: 82/9/9 Blend
49$968,000$968,000$968,000$968,000
50$1,069,379$1,018,075$1,003,071$1,155,510
51$1,123,848$1,013,353$982,066$1,207,544
52$1,182,153$1,006,680$958,638$1,257,579
53$1,244,631$997,906$932,651$1,310,952
54$1,311,652$986,871$903,963$1,367,971
55$1,383,620$973,408$872,426$1,428,972
56$1,460,982$957,338$837,885$1,494,327
57$1,544,227$938,472$800,178$1,564,445
58$1,633,890$916,609$759,136$1,639,775
59$1,730,562$891,538$714,583$1,720,815
60$1,834,890$863,034$666,332$1,808,112
61$1,947,585$830,859$614,190$1,902,267
62$2,069,430$794,762$557,957$2,003,946
63$2,201,284$754,477$497,420$2,113,880
64$2,344,090$709,722$432,359$2,232,877
65$2,498,889$660,200$362,545$2,361,824
66$2,666,822$605,596$287,736$2,501,703
67$2,849,145$545,578$207,682$2,653,595
68$3,047,239$479,793$122,122$2,818,689
69$3,262,625$407,870$30,780$2,998,299
70$3,496,974$329,417$0$3,193,873
71$3,752,126$244,019$0$3,413,411
72$4,030,105$151,237$0$3,655,838
73$4,333,138$50,611$0$3,920,164
74$4,663,678$0$0$4,208,560
75$5,024,422$0$0$4,529,192
76$5,418,341$0$0$4,884,804
77$5,848,705$0$0$5,273,339
78$6,319,114$0$0$5,698,047
79$6,833,530$0$0$6,162,511
80$7,396,317$0$0$6,670,674
81$8,012,281$0$0$7,226,875
82$8,686,711$0$0$7,835,897
83$9,425,434$0$0$8,503,003
84$10,234,866$0$0$9,233,991
85$11,122,074$0$0$10,035,246
86$12,094,839$0$0$10,913,800
87$13,161,733$0$0$11,877,397
88$14,332,196$0$0$12,934,569
89$15,616,628$0$0$14,094,711
90$17,026,482$0$0$15,368,173
91$18,574,376$0$0$16,766,355
92$20,274,207$0$0$18,301,818
93$22,141,286$0$0$19,988,394
94$24,192,479$0$0$21,841,324
95$26,446,367$0$0$23,877,398
96$28,923,418$0$0$26,115,112
97$31,646,183$0$0$28,574,842
98$34,639,506$0$0$31,279,039
99$37,930,759$0$0$34,252,435
100$41,550,098$0$0$37,522,279