Can I retire at age 50 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$78,450$77,751$77,070$76,404$75,754$74,377
2 years$38,837$38,113$37,412$36,733$36,073$34,691
3 years$25,634$24,908$24,208$23,535$22,887$21,541
4 years$19,034$18,310$17,617$16,956$16,323$15,026
5 years$15,075$14,355$13,672$13,024$12,408$11,163
6 years$12,436$11,722$11,049$10,415$9,818$8,626
7 years$10,552$9,844$9,182$8,563$7,985$6,846
8 years$9,140$8,438$7,787$7,183$6,624$5,539
9 years$8,042$7,347$6,707$6,118$5,579$4,546
10 years$7,165$6,476$5,847$5,274$4,753$3,772
11 years$6,447$5,765$5,148$4,590$4,088$3,157
12 years$5,849$5,175$4,568$4,026$3,543$2,661
13 years$5,344$4,676$4,082$3,554$3,089$2,256
14 years$4,911$4,251$3,667$3,155$2,708$1,921
15 years$4,536$3,883$3,311$2,814$2,384$1,642
16 years$4,209$3,563$3,002$2,520$2,107$1,408
17 years$3,920$3,281$2,732$2,264$1,868$1,211
18 years$3,664$3,032$2,494$2,040$1,661$1,044
19 years$3,435$2,810$2,283$1,843$1,481$901
20 years$3,229$2,611$2,095$1,670$1,323$779
21 years$3,043$2,432$1,927$1,515$1,184$675
22 years$2,874$2,270$1,776$1,378$1,061$586
23 years$2,720$2,123$1,640$1,255$952$508
24 years$2,579$1,989$1,517$1,144$856$442
25 years$2,449$1,867$1,405$1,045$770$384
26 years$2,330$1,755$1,303$956$694$334
27 years$2,220$1,651$1,210$875$626$291
28 years$2,117$1,556$1,125$801$564$254
29 years$2,022$1,468$1,047$735$510$221
30 years$1,934$1,386$975$674$461$193
31 years$1,851$1,311$909$619$416$168
32 years$1,774$1,240$848$569$377$147
33 years$1,701$1,174$792$523$341$128
34 years$1,633$1,113$740$482$309$112
35 years$1,569$1,056$692$443$280$97
36 years$1,509$1,002$647$408$253$85
37 years$1,452$952$606$376$230$74
38 years$1,398$904$567$347$208$65
39 years$1,347$860$531$320$189$57
40 years$1,299$818$498$295$171$50
41 years$1,253$779$467$272$155$43
42 years$1,209$742$438$251$141$38
43 years$1,168$707$411$232$128$33
44 years$1,129$674$386$214$116$29
45 years$1,091$642$362$198$105$25
46 years$1,055$613$340$183$96$22
47 years$1,021$585$320$169$87$19
48 years$989$558$300$156$79$17
49 years$957$533$282$144$72$15
50 years$928$509$265$133$65$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $950,000, adding $6,268 every year, while hoping to spend $40,515 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: 81/5/14 Blend
49$950,000$950,000$950,000$950,000
50$1,053,365$1,003,015$988,290$1,135,279
51$1,117,701$1,009,056$978,291$1,196,025
52$1,187,241$1,014,034$966,598$1,256,789
53$1,262,473$1,017,855$953,113$1,322,318
54$1,343,935$1,020,419$937,731$1,393,071
55$1,432,215$1,021,618$920,344$1,469,552
56$1,527,962$1,021,339$900,837$1,552,319
57$1,631,890$1,019,461$879,090$1,641,985
58$1,744,783$1,015,854$854,980$1,739,224
59$1,867,504$1,010,384$828,375$1,844,783
60$2,001,002$1,002,906$799,138$1,959,480
61$2,146,322$993,266$767,127$2,084,219
62$2,304,613$981,302$732,192$2,219,996
63$2,477,140$966,842$694,176$2,367,910
64$2,665,294$949,703$652,917$2,529,168
65$2,870,608$929,692$608,244$2,705,104
66$3,094,767$906,605$559,978$2,897,187
67$3,339,629$880,224$507,932$3,107,035
68$3,607,236$850,320$451,913$3,336,433
69$3,899,838$816,650$391,716$3,587,346
70$4,219,913$778,957$327,130$3,861,943
71$4,570,188$736,969$257,932$4,162,610
72$4,953,665$690,399$183,892$4,491,981
73$5,373,653$638,943$104,766$4,852,957
74$5,833,793$582,279$20,303$5,248,735
75$6,338,097$520,067$0$5,682,841
76$6,890,981$451,948$0$6,169,590
77$7,497,310$377,543$0$6,706,748
78$8,162,444$296,451$0$7,296,039
79$8,892,284$208,248$0$7,942,711
80$9,693,333$112,487$0$8,652,542
81$10,572,750$8,696$0$9,431,900
82$11,538,424$0$0$10,287,800
83$12,599,046$0$0$11,233,673
84$13,764,188$0$0$12,273,308
85$15,044,396$0$0$13,415,642
86$16,451,287$0$0$14,671,042
87$17,997,661$0$0$16,050,934
88$19,697,617$0$0$17,567,904
89$21,566,691$0$0$19,235,818
90$23,621,998$0$0$21,069,952
91$25,882,395$0$0$23,087,139
92$28,368,657$0$0$25,305,922
93$31,103,675$0$0$27,746,733
94$34,112,669$0$0$30,432,086
95$37,423,428$0$0$33,386,782
96$41,066,570$0$0$36,638,152
97$45,075,829$0$0$40,216,309
98$49,488,378$0$0$44,154,430
99$54,345,173$0$0$48,489,077
100$59,691,344$0$0$53,260,530