Can I retire at age 50 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$78,202$77,506$76,826$76,163$75,515$75,134
2 years$38,714$37,993$37,294$36,617$35,960$35,575
3 years$25,553$24,829$24,132$23,461$22,814$22,438
4 years$18,974$18,252$17,562$16,902$16,271$15,906
5 years$15,027$14,310$13,629$12,982$12,369$12,016
6 years$12,397$11,685$11,014$10,382$9,787$9,447
7 years$10,519$9,813$9,153$8,536$7,960$7,633
8 years$9,111$8,412$7,762$7,160$6,603$6,289
9 years$8,017$7,324$6,686$6,099$5,561$5,260
10 years$7,142$6,456$5,829$5,257$4,738$4,450
11 years$6,427$5,747$5,131$4,576$4,075$3,799
12 years$5,831$5,158$4,554$4,013$3,531$3,268
13 years$5,327$4,661$4,069$3,543$3,079$2,828
14 years$4,896$4,237$3,656$3,145$2,699$2,460
15 years$4,522$3,871$3,301$2,805$2,377$2,149
16 years$4,196$3,551$2,993$2,512$2,101$1,884
17 years$3,908$3,271$2,723$2,257$1,863$1,657
18 years$3,652$3,022$2,486$2,034$1,656$1,461
19 years$3,424$2,801$2,276$1,838$1,476$1,291
20 years$3,219$2,603$2,088$1,664$1,318$1,144
21 years$3,033$2,424$1,921$1,510$1,180$1,015
22 years$2,865$2,263$1,771$1,373$1,058$901
23 years$2,711$2,117$1,635$1,251$949$802
24 years$2,571$1,983$1,512$1,141$853$714
25 years$2,442$1,861$1,400$1,042$768$637
26 years$2,323$1,749$1,299$953$692$568
27 years$2,213$1,646$1,206$872$624$508
28 years$2,111$1,551$1,121$799$563$454
29 years$2,016$1,463$1,043$733$508$406
30 years$1,928$1,382$972$672$459$363
31 years$1,845$1,306$906$617$415$325
32 years$1,768$1,236$845$567$375$291
33 years$1,696$1,171$789$522$340$261
34 years$1,628$1,109$737$480$308$234
35 years$1,564$1,052$689$442$279$210
36 years$1,504$999$645$407$252$188
37 years$1,447$949$604$375$229$169
38 years$1,394$902$565$346$207$152
39 years$1,343$857$530$319$188$136
40 years$1,295$816$496$294$171$122
41 years$1,249$776$465$271$155$110
42 years$1,206$739$437$250$140$99
43 years$1,164$705$410$231$127$89
44 years$1,125$672$385$213$116$80
45 years$1,088$640$361$197$105$71
46 years$1,052$611$339$182$95$64
47 years$1,018$583$319$168$87$58
48 years$985$557$299$155$79$52
49 years$954$531$281$144$71$47
50 years$925$508$265$133$65$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $947,000, adding $3,731 every year, while hoping to spend $21,591 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: 64/26/10 Blend
49$947,000$947,000$947,000$947,000
50$1,047,443$997,252$982,573$1,111,966
51$1,131,309$1,023,144$992,517$1,181,388
52$1,223,006$1,049,582$1,002,070$1,254,317
53$1,323,310$1,076,569$1,011,196$1,333,424
54$1,433,075$1,104,108$1,019,859$1,419,308
55$1,553,242$1,132,202$1,028,017$1,512,629
56$1,684,846$1,160,854$1,035,629$1,614,115
57$1,829,030$1,190,065$1,042,652$1,724,566
58$1,987,048$1,219,835$1,049,038$1,844,864
59$2,160,285$1,250,165$1,054,739$1,975,979
60$2,350,265$1,281,054$1,059,703$2,118,981
61$2,558,666$1,312,500$1,063,878$2,275,048
62$2,787,337$1,344,500$1,067,205$2,445,477
63$3,038,315$1,377,050$1,069,626$2,631,697
64$3,313,843$1,410,145$1,071,078$2,835,283
65$3,616,391$1,443,779$1,071,495$3,057,969
66$3,948,683$1,477,943$1,070,810$3,301,666
67$4,313,716$1,512,630$1,068,949$3,568,478
68$4,714,793$1,547,827$1,065,838$3,860,725
69$5,155,555$1,583,523$1,061,396$4,180,962
70$5,640,009$1,619,704$1,055,541$4,532,004
71$6,172,574$1,656,353$1,048,185$4,916,952
72$6,758,114$1,693,452$1,039,237$5,339,225
73$7,401,992$1,730,981$1,028,601$5,802,589
74$8,110,113$1,768,917$1,016,178$6,311,192
75$8,888,986$1,807,236$1,001,861$6,869,607
76$9,745,781$1,845,909$985,542$7,482,872
77$10,688,398$1,884,905$967,104$8,156,539
78$11,725,540$1,924,192$946,428$8,896,725
79$12,866,800$1,963,731$923,388$9,710,171
80$14,122,743$2,003,484$897,851$10,604,306
81$15,505,014$2,043,406$869,680$11,587,316
82$17,026,442$2,083,449$838,731$12,668,220
83$18,701,162$2,123,561$804,852$13,856,960
84$20,544,752$2,163,687$767,886$15,164,490
85$22,574,374$2,203,766$727,668$16,602,880
86$24,808,941$2,243,730$684,025$18,185,434
87$27,269,291$2,283,511$636,777$19,926,810
88$29,978,386$2,323,031$585,737$21,843,164
89$32,961,529$2,362,207$530,707$23,952,299
90$36,246,601$2,400,951$471,482$26,273,832
91$39,864,325$2,439,169$407,848$28,829,385
92$43,848,555$2,476,757$339,579$31,642,782
93$48,236,596$2,513,606$266,443$34,740,281
94$53,069,554$2,549,598$188,195$38,150,816
95$58,392,729$2,584,608$104,579$41,906,275
96$64,256,034$2,618,501$15,329$46,041,798
97$70,714,475$2,651,133$0$50,596,110
98$77,828,664$2,682,351$0$55,620,415
99$85,665,391$2,711,989$0$61,155,517
100$94,298,257$2,739,873$0$67,251,640