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%16.1%
1 years$79,937$79,225$78,530$77,852$77,190$75,263
2 years$39,573$38,836$38,121$37,429$36,757$34,828
3 years$26,120$25,379$24,667$23,981$23,320$21,449
4 years$19,395$18,657$17,951$17,277$16,632$14,833
5 years$15,360$14,627$13,931$13,270$12,643$10,922
6 years$12,672$11,944$11,258$10,612$10,004$8,362
7 years$10,752$10,031$9,356$8,725$8,136$6,574
8 years$9,313$8,598$7,934$7,319$6,750$5,266
9 years$8,195$7,486$6,834$6,234$5,684$4,278
10 years$7,300$6,599$5,958$5,374$4,843$3,513
11 years$6,569$5,874$5,245$4,677$4,165$2,909
12 years$5,960$5,273$4,655$4,102$3,610$2,425
13 years$5,445$4,765$4,159$3,622$3,148$2,032
14 years$5,004$4,331$3,737$3,215$2,759$1,710
15 years$4,622$3,957$3,374$2,867$2,429$1,445
16 years$4,289$3,630$3,059$2,567$2,147$1,224
17 years$3,994$3,343$2,783$2,307$1,904$1,040
18 years$3,733$3,089$2,541$2,079$1,693$885
19 years$3,500$2,863$2,326$1,878$1,509$755
20 years$3,290$2,660$2,135$1,701$1,348$645
21 years$3,100$2,478$1,964$1,544$1,206$551
22 years$2,928$2,313$1,810$1,404$1,081$472
23 years$2,771$2,164$1,671$1,278$970$404
24 years$2,628$2,027$1,545$1,166$872$346
25 years$2,496$1,902$1,431$1,065$785$297
26 years$2,374$1,788$1,327$974$707$255
27 years$2,262$1,683$1,233$891$637$219
28 years$2,157$1,586$1,146$817$575$188
29 years$2,061$1,496$1,066$749$519$162
30 years$1,970$1,413$993$687$469$139
31 years$1,886$1,335$926$631$424$120
32 years$1,807$1,264$864$580$384$103
33 years$1,734$1,197$807$533$347$89
34 years$1,664$1,134$754$491$314$76
35 years$1,599$1,076$705$452$285$66
36 years$1,537$1,021$659$416$258$56
37 years$1,479$970$617$383$234$49
38 years$1,425$922$578$353$212$42
39 years$1,373$876$541$326$192$36
40 years$1,323$834$507$301$174$31
41 years$1,277$794$476$277$158$27
42 years$1,232$756$446$256$144$23
43 years$1,190$720$419$236$130$20
44 years$1,150$686$393$218$118$17
45 years$1,112$655$369$201$107$15
46 years$1,075$624$347$186$97$13
47 years$1,041$596$326$172$89$11
48 years$1,007$569$306$159$80$9
49 years$976$543$288$147$73$8
50 years$945$519$270$136$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $968,000, adding $2,603 every year, while hoping to spend $47,784 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: 77/12/11 Blend
49$968,000$968,000$968,000$968,000
50$1,069,421$1,018,117$1,003,113$1,149,409
51$1,127,660$1,017,163$985,875$1,201,464
52$1,190,238$1,014,561$966,459$1,252,170
53$1,257,547$1,010,179$944,740$1,306,409
54$1,330,018$1,003,878$920,590$1,364,515
55$1,408,122$995,511$893,872$1,426,854
56$1,492,381$984,921$864,447$1,493,832
57$1,583,364$971,942$832,166$1,565,896
58$1,681,698$956,398$796,874$1,643,537
59$1,788,072$938,103$758,410$1,727,299
60$1,903,243$916,858$716,606$1,817,781
61$2,028,045$892,455$671,283$1,915,643
62$2,163,393$864,673$622,259$2,021,613
63$2,310,294$833,277$569,339$2,136,494
64$2,469,856$798,019$512,323$2,261,173
65$2,643,295$758,636$451,000$2,396,626
66$2,831,953$714,851$385,151$2,543,930
67$3,037,304$666,371$314,545$2,704,274
68$3,260,971$612,884$238,944$2,878,968
69$3,504,738$554,064$158,096$3,069,457
70$3,770,570$489,562$71,742$3,277,337
71$4,060,631$419,013$0$3,504,364
72$4,377,299$342,029$0$3,754,874
73$4,723,196$258,200$0$4,037,750
74$5,101,206$167,096$0$4,346,958
75$5,514,505$68,260$0$4,685,133
76$5,966,589$0$0$5,055,182
77$6,461,308$0$0$5,465,431
78$7,002,901$0$0$5,924,451
79$7,596,037$0$0$6,427,191
80$8,245,856$0$0$6,978,010
81$8,958,020$0$0$7,581,713
82$9,738,764$0$0$8,243,591
83$10,594,956$0$0$8,969,469
84$11,534,158$0$0$9,765,765
85$12,564,702$0$0$10,639,548
86$13,695,764$0$0$11,598,603
87$14,937,452$0$0$12,651,507
88$16,300,902$0$0$13,807,708
89$17,798,378$0$0$15,077,612
90$19,443,393$0$0$16,472,685
91$21,250,830$0$0$18,005,555
92$23,237,089$0$0$19,690,136
93$25,420,235$0$0$21,541,757
94$27,820,170$0$0$23,577,306
95$30,458,820$0$0$25,815,386
96$33,360,345$0$0$28,276,496
97$36,551,359$0$0$30,983,220
98$40,061,186$0$0$33,960,438
99$43,922,136$0$0$37,235,567
100$48,169,806$0$0$40,838,810