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%12.9%
1 years$79,937$79,225$78,530$77,852$77,190$76,257
2 years$39,573$38,836$38,121$37,429$36,757$35,818
3 years$26,120$25,379$24,667$23,981$23,320$22,404
4 years$19,395$18,657$17,951$17,277$16,632$15,747
5 years$15,360$14,627$13,931$13,270$12,643$11,791
6 years$12,672$11,944$11,258$10,612$10,004$9,186
7 years$10,752$10,031$9,356$8,725$8,136$7,352
8 years$9,313$8,598$7,934$7,319$6,750$5,999
9 years$8,195$7,486$6,834$6,234$5,684$4,968
10 years$7,300$6,599$5,958$5,374$4,843$4,160
11 years$6,569$5,874$5,245$4,677$4,165$3,515
12 years$5,960$5,273$4,655$4,102$3,610$2,991
13 years$5,445$4,765$4,159$3,622$3,148$2,560
14 years$5,004$4,331$3,737$3,215$2,759$2,202
15 years$4,622$3,957$3,374$2,867$2,429$1,902
16 years$4,289$3,630$3,059$2,567$2,147$1,648
17 years$3,994$3,343$2,783$2,307$1,904$1,433
18 years$3,733$3,089$2,541$2,079$1,693$1,248
19 years$3,500$2,863$2,326$1,878$1,509$1,090
20 years$3,290$2,660$2,135$1,701$1,348$953
21 years$3,100$2,478$1,964$1,544$1,206$835
22 years$2,928$2,313$1,810$1,404$1,081$732
23 years$2,771$2,164$1,671$1,278$970$643
24 years$2,628$2,027$1,545$1,166$872$566
25 years$2,496$1,902$1,431$1,065$785$498
26 years$2,374$1,788$1,327$974$707$438
27 years$2,262$1,683$1,233$891$637$386
28 years$2,157$1,586$1,146$817$575$341
29 years$2,061$1,496$1,066$749$519$300
30 years$1,970$1,413$993$687$469$265
31 years$1,886$1,335$926$631$424$234
32 years$1,807$1,264$864$580$384$207
33 years$1,734$1,197$807$533$347$183
34 years$1,664$1,134$754$491$314$162
35 years$1,599$1,076$705$452$285$143
36 years$1,537$1,021$659$416$258$126
37 years$1,479$970$617$383$234$112
38 years$1,425$922$578$353$212$99
39 years$1,373$876$541$326$192$87
40 years$1,323$834$507$301$174$77
41 years$1,277$794$476$277$158$68
42 years$1,232$756$446$256$144$61
43 years$1,190$720$419$236$130$54
44 years$1,150$686$393$218$118$47
45 years$1,112$655$369$201$107$42
46 years$1,075$624$347$186$97$37
47 years$1,041$596$326$172$89$33
48 years$1,007$569$306$159$80$29
49 years$976$543$288$147$73$26
50 years$945$519$270$136$66$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $968,000, adding $3,078 every year, while hoping to spend $29,223 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: 70/17/13 Blend
49$968,000$968,000$968,000$968,000
50$1,069,911$1,018,607$1,003,603$1,141,550
51$1,147,949$1,037,426$1,006,131$1,208,325
52$1,232,967$1,056,187$1,007,764$1,277,556
53$1,325,647$1,074,857$1,008,441$1,352,554
54$1,426,738$1,093,401$1,008,099$1,433,884
55$1,537,066$1,111,777$1,006,670$1,522,167
56$1,657,538$1,129,946$1,004,085$1,618,085
57$1,789,154$1,147,861$1,000,270$1,722,392
58$1,933,016$1,165,474$995,147$1,835,919
59$2,090,335$1,182,733$988,635$1,959,580
60$2,262,445$1,199,583$980,650$2,094,383
61$2,450,815$1,215,964$971,103$2,241,439
62$2,657,063$1,231,811$959,900$2,401,972
63$2,882,972$1,247,058$946,945$2,577,332
64$3,130,502$1,261,630$932,134$2,769,005
65$3,401,814$1,275,451$915,362$2,978,630
66$3,699,288$1,288,437$896,515$3,208,012
67$4,025,544$1,300,500$875,478$3,459,142
68$4,383,471$1,311,545$852,127$3,734,214
69$4,776,246$1,321,472$826,335$4,035,646
70$5,207,373$1,330,174$797,966$4,366,101
71$5,680,709$1,337,537$766,882$4,728,517
72$6,200,504$1,343,439$732,936$5,126,132
73$6,771,439$1,347,752$695,973$5,562,513
74$7,398,673$1,350,338$655,835$6,041,592
75$8,087,885$1,351,052$612,353$6,567,704
76$8,845,335$1,349,740$565,353$7,145,626
77$9,677,919$1,346,236$514,651$7,780,622
78$10,593,232$1,340,367$460,058$8,478,498
79$11,599,644$1,331,948$401,373$9,245,649
80$12,706,377$1,320,782$338,387$10,089,125
81$13,923,588$1,306,662$270,884$11,016,697
82$15,262,472$1,289,366$198,637$12,036,930
83$16,735,360$1,268,661$121,407$13,159,262
84$18,355,841$1,244,299$38,948$14,394,100
85$20,138,885$1,216,018$0$15,752,910
86$22,100,988$1,183,540$0$17,255,135
87$24,260,325$1,146,570$0$18,914,109
88$26,636,924$1,104,797$0$20,739,817
89$29,252,850$1,057,892$0$22,749,223
90$32,132,418$1,005,506$0$24,961,020
91$35,302,418$947,270$0$27,395,808
92$38,792,373$882,793$0$30,076,290
93$42,634,809$811,665$0$33,027,486
94$46,865,571$733,448$0$36,276,966
95$51,524,154$647,681$0$39,855,115
96$56,654,079$553,879$0$43,795,419
97$62,303,301$451,525$0$48,134,778
98$68,524,666$340,077$0$52,913,858
99$75,376,401$218,961$0$58,177,477
100$82,922,674$87,570$0$63,975,023