Can I retire at age 50 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$80,019$79,306$78,611$77,932$77,269$75,709
2 years$39,613$38,876$38,161$37,467$36,795$35,230
3 years$26,147$25,406$24,692$24,006$23,344$21,823
4 years$19,415$18,676$17,970$17,295$16,649$15,184
5 years$15,376$14,642$13,945$13,284$12,657$11,251
6 years$12,685$11,956$11,270$10,623$10,015$8,671
7 years$10,764$10,041$9,365$8,734$8,145$6,862
8 years$9,323$8,607$7,943$7,327$6,757$5,536
9 years$8,203$7,494$6,841$6,241$5,690$4,530
10 years$7,308$6,606$5,964$5,380$4,848$3,747
11 years$6,576$5,880$5,251$4,682$4,170$3,127
12 years$5,966$5,278$4,660$4,107$3,613$2,627
13 years$5,451$4,770$4,163$3,626$3,151$2,219
14 years$5,009$4,336$3,741$3,218$2,762$1,883
15 years$4,627$3,961$3,377$2,870$2,432$1,604
16 years$4,293$3,634$3,062$2,570$2,149$1,371
17 years$3,999$3,347$2,786$2,309$1,906$1,175
18 years$3,737$3,092$2,544$2,081$1,695$1,009
19 years$3,503$2,866$2,329$1,880$1,510$868
20 years$3,293$2,663$2,137$1,703$1,349$748
21 years$3,104$2,481$1,966$1,546$1,207$645
22 years$2,931$2,316$1,812$1,405$1,082$557
23 years$2,774$2,166$1,673$1,280$971$482
24 years$2,630$2,029$1,547$1,167$873$417
25 years$2,498$1,904$1,433$1,066$786$361
26 years$2,377$1,790$1,329$975$708$313
27 years$2,264$1,684$1,234$892$638$272
28 years$2,160$1,587$1,147$817$576$236
29 years$2,063$1,497$1,068$750$520$205
30 years$1,972$1,414$994$688$470$178
31 years$1,888$1,337$927$632$425$154
32 years$1,809$1,265$865$581$384$134
33 years$1,735$1,198$808$534$348$116
34 years$1,666$1,135$755$491$315$101
35 years$1,601$1,077$705$452$285$88
36 years$1,539$1,022$660$417$258$77
37 years$1,481$971$618$384$234$67
38 years$1,426$922$578$354$212$58
39 years$1,374$877$542$326$192$50
40 years$1,325$835$508$301$175$44
41 years$1,278$794$476$278$158$38
42 years$1,234$757$447$256$144$33
43 years$1,191$721$419$236$130$29
44 years$1,151$687$394$218$118$25
45 years$1,113$655$370$202$107$22
46 years$1,077$625$347$186$98$19
47 years$1,042$597$326$172$89$17
48 years$1,008$569$306$159$80$14
49 years$977$544$288$147$73$13
50 years$946$519$271$136$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $969,000, adding $2,665 every year, while hoping to spend $43,729 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: 81/11/8 Blend
49$969,000$969,000$969,000$969,000
50$1,070,587$1,019,230$1,004,210$1,156,015
51$1,133,259$1,022,645$991,324$1,215,755
52$1,200,859$1,024,762$976,541$1,275,251
53$1,273,842$1,025,470$959,750$1,339,228
54$1,352,710$1,024,654$940,838$1,408,110
55$1,438,014$1,022,190$919,683$1,482,366
56$1,530,359$1,017,945$896,161$1,562,512
57$1,630,412$1,011,781$870,139$1,649,114
58$1,738,906$1,003,550$841,480$1,742,798
59$1,856,645$993,094$810,040$1,844,253
60$1,984,515$980,248$775,668$1,954,239
61$2,123,490$964,834$738,208$2,073,590
62$2,274,642$946,667$697,494$2,203,230
63$2,439,150$925,549$653,354$2,344,174
64$2,618,311$901,269$605,610$2,497,541
65$2,813,553$873,606$554,072$2,664,564
66$3,026,448$842,324$498,546$2,846,603
67$3,258,724$807,177$438,826$3,045,155
68$3,512,285$767,900$374,698$3,261,873
69$3,789,226$724,215$305,938$3,498,576
70$4,091,854$675,828$232,314$3,757,269
71$4,422,708$622,428$153,581$4,040,164
72$4,784,584$563,687$69,485$4,349,697
73$5,180,560$499,256$0$4,688,555
74$5,614,026$428,768$0$5,061,428
75$6,088,714$351,836$0$5,476,291
76$6,608,736$268,049$0$5,930,829
77$7,178,617$176,973$0$6,429,033
78$7,803,344$78,153$0$6,975,300
79$8,488,407$0$0$7,574,476
80$9,239,853$0$0$8,235,397
81$10,064,345$0$0$8,970,967
82$10,969,218$0$0$9,778,276
83$11,962,555$0$0$10,664,538
84$13,053,259$0$0$11,637,697
85$14,251,136$0$0$12,706,508
86$15,566,989$0$0$13,880,613
87$17,012,720$0$0$15,170,635
88$18,601,439$0$0$16,588,277
89$20,347,591$0$0$18,146,431
90$22,267,087$0$0$19,859,300
91$24,377,459$0$0$21,742,533
92$26,698,021$0$0$23,813,369
93$29,250,054$0$0$26,090,804
94$32,057,003$0$0$28,595,763
95$35,144,698$0$0$31,351,305
96$38,541,602$0$0$34,382,833
97$42,279,073$0$0$37,718,339
98$46,391,662$0$0$41,388,662
99$50,917,438$0$0$45,427,785
100$55,898,350$0$0$49,873,149