Can I retire at age 50 with 969,000?

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 $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%19.8%
1 years$80,019$79,306$78,611$77,932$77,269$74,233
2 years$39,613$38,876$38,161$37,467$36,795$33,773
3 years$26,147$25,406$24,692$24,006$23,344$20,432
4 years$19,415$18,676$17,970$17,295$16,649$13,869
5 years$15,376$14,642$13,945$13,284$12,657$10,015
6 years$12,685$11,956$11,270$10,623$10,015$7,513
7 years$10,764$10,041$9,365$8,734$8,145$5,783
8 years$9,323$8,607$7,943$7,327$6,757$4,533
9 years$8,203$7,494$6,841$6,241$5,690$3,600
10 years$7,308$6,606$5,964$5,380$4,848$2,888
11 years$6,576$5,880$5,251$4,682$4,170$2,335
12 years$5,966$5,278$4,660$4,107$3,613$1,899
13 years$5,451$4,770$4,163$3,626$3,151$1,552
14 years$5,009$4,336$3,741$3,218$2,762$1,273
15 years$4,627$3,961$3,377$2,870$2,432$1,048
16 years$4,293$3,634$3,062$2,570$2,149$865
17 years$3,999$3,347$2,786$2,309$1,906$715
18 years$3,737$3,092$2,544$2,081$1,695$592
19 years$3,503$2,866$2,329$1,880$1,510$491
20 years$3,293$2,663$2,137$1,703$1,349$407
21 years$3,104$2,481$1,966$1,546$1,207$338
22 years$2,931$2,316$1,812$1,405$1,082$281
23 years$2,774$2,166$1,673$1,280$971$234
24 years$2,630$2,029$1,547$1,167$873$195
25 years$2,498$1,904$1,433$1,066$786$162
26 years$2,377$1,790$1,329$975$708$135
27 years$2,264$1,684$1,234$892$638$113
28 years$2,160$1,587$1,147$817$576$94
29 years$2,063$1,497$1,068$750$520$78
30 years$1,972$1,414$994$688$470$65
31 years$1,888$1,337$927$632$425$55
32 years$1,809$1,265$865$581$384$45
33 years$1,735$1,198$808$534$348$38
34 years$1,666$1,135$755$491$315$32
35 years$1,601$1,077$705$452$285$26
36 years$1,539$1,022$660$417$258$22
37 years$1,481$971$618$384$234$18
38 years$1,426$922$578$354$212$15
39 years$1,374$877$542$326$192$13
40 years$1,325$835$508$301$175$11
41 years$1,278$794$476$278$158$9
42 years$1,234$757$447$256$144$7
43 years$1,191$721$419$236$130$6
44 years$1,151$687$394$218$118$5
45 years$1,113$655$370$202$107$4
46 years$1,077$625$347$186$98$4
47 years$1,042$597$326$172$89$3
48 years$1,008$569$306$159$80$3
49 years$977$544$288$147$73$2
50 years$946$519$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $969,000, adding $6,050 every year, while hoping to spend $52,306 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: 63/24/13 Blend
49$969,000$969,000$969,000$969,000
50$1,074,079$1,022,722$1,007,702$1,138,058
51$1,127,981$1,017,182$985,807$1,176,119
52$1,185,629$1,009,617$961,425$1,211,103
53$1,247,349$999,874$934,418$1,248,016
54$1,313,499$987,788$904,642$1,287,048
55$1,384,472$973,186$871,943$1,328,406
56$1,460,699$955,884$836,165$1,372,325
57$1,542,655$935,686$797,141$1,419,060
58$1,630,859$912,388$754,698$1,468,898
59$1,725,881$885,769$708,655$1,522,156
60$1,828,349$855,600$658,823$1,579,185
61$1,938,951$821,635$605,004$1,640,376
62$2,058,444$783,615$546,991$1,706,161
63$2,187,659$741,266$484,569$1,777,019
64$2,327,511$694,299$417,513$1,853,484
65$2,479,004$642,406$345,587$1,936,142
66$2,643,243$585,265$268,545$2,025,647
67$2,821,443$522,532$186,130$2,122,722
68$3,014,940$453,846$98,075$2,228,168
69$3,225,203$378,824$4,100$2,342,870
70$3,453,850$297,062$0$2,467,812
71$3,702,658$208,134$0$2,617,421
72$3,973,585$111,588$0$2,781,032
73$4,268,784$6,949$0$2,959,452
74$4,590,625$0$0$3,154,198
75$4,941,716$0$0$3,395,018
76$5,324,929$0$0$3,659,938
77$5,743,422$0$0$3,949,318
78$6,200,675$0$0$4,265,570
79$6,700,518$0$0$4,611,353
80$7,247,167$0$0$4,989,592
81$7,845,265$0$0$5,403,510
82$8,499,924$0$0$5,856,655
83$9,216,774$0$0$6,352,933
84$10,002,012$0$0$6,896,646
85$10,862,466$0$0$7,492,533
86$11,805,654$0$0$8,145,813
87$12,839,857$0$0$8,862,231
88$13,974,194$0$0$9,648,119
89$15,218,711$0$0$10,510,449
90$16,584,472$0$0$11,456,900
91$18,083,664$0$0$12,495,933
92$19,729,713$0$0$13,636,865
93$21,537,406$0$0$14,889,963
94$23,523,034$0$0$16,266,533
95$25,704,544$0$0$17,779,035
96$28,101,707$0$0$19,441,191
97$30,736,301$0$0$21,268,120
98$33,632,324$0$0$23,276,481
99$36,816,209$0$0$25,484,623
100$40,317,083$0$0$27,912,764