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%14.8%
1 years$78,450$77,751$77,070$76,404$75,754$74,255
2 years$38,837$38,113$37,412$36,733$36,073$34,569
3 years$25,634$24,908$24,208$23,535$22,887$21,424
4 years$19,034$18,310$17,617$16,956$16,323$14,914
5 years$15,075$14,355$13,672$13,024$12,408$11,057
6 years$12,436$11,722$11,049$10,415$9,818$8,526
7 years$10,552$9,844$9,182$8,563$7,985$6,751
8 years$9,140$8,438$7,787$7,183$6,624$5,449
9 years$8,042$7,347$6,707$6,118$5,579$4,462
10 years$7,165$6,476$5,847$5,274$4,753$3,693
11 years$6,447$5,765$5,148$4,590$4,088$3,083
12 years$5,849$5,175$4,568$4,026$3,543$2,592
13 years$5,344$4,676$4,082$3,554$3,089$2,191
14 years$4,911$4,251$3,667$3,155$2,708$1,861
15 years$4,536$3,883$3,311$2,814$2,384$1,586
16 years$4,209$3,563$3,002$2,520$2,107$1,357
17 years$3,920$3,281$2,732$2,264$1,868$1,163
18 years$3,664$3,032$2,494$2,040$1,661$1,000
19 years$3,435$2,810$2,283$1,843$1,481$861
20 years$3,229$2,611$2,095$1,670$1,323$742
21 years$3,043$2,432$1,927$1,515$1,184$641
22 years$2,874$2,270$1,776$1,378$1,061$554
23 years$2,720$2,123$1,640$1,255$952$480
24 years$2,579$1,989$1,517$1,144$856$415
25 years$2,449$1,867$1,405$1,045$770$360
26 years$2,330$1,755$1,303$956$694$312
27 years$2,220$1,651$1,210$875$626$271
28 years$2,117$1,556$1,125$801$564$235
29 years$2,022$1,468$1,047$735$510$204
30 years$1,934$1,386$975$674$461$178
31 years$1,851$1,311$909$619$416$154
32 years$1,774$1,240$848$569$377$134
33 years$1,701$1,174$792$523$341$117
34 years$1,633$1,113$740$482$309$102
35 years$1,569$1,056$692$443$280$88
36 years$1,509$1,002$647$408$253$77
37 years$1,452$952$606$376$230$67
38 years$1,398$904$567$347$208$58
39 years$1,347$860$531$320$189$51
40 years$1,299$818$498$295$171$44
41 years$1,253$779$467$272$155$38
42 years$1,209$742$438$251$141$33
43 years$1,168$707$411$232$128$29
44 years$1,129$674$386$214$116$25
45 years$1,091$642$362$198$105$22
46 years$1,055$613$340$183$96$19
47 years$1,021$585$320$169$87$17
48 years$989$558$300$156$79$15
49 years$957$533$282$144$72$13
50 years$928$509$265$133$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $950,000, adding $5,441 every year, while hoping to spend $20,497 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: 23/47/30 Blend
49$950,000$950,000$950,000$950,000
50$1,052,512$1,002,162$987,437$1,066,704
51$1,138,060$1,029,460$998,708$1,106,890
52$1,231,647$1,057,408$1,009,669$1,147,827
53$1,334,070$1,086,016$1,020,289$1,191,225
54$1,446,210$1,115,296$1,030,533$1,237,301
55$1,569,035$1,145,256$1,040,367$1,286,295
56$1,703,609$1,175,907$1,049,752$1,338,470
57$1,851,108$1,207,257$1,058,650$1,394,116
58$2,012,825$1,239,317$1,067,018$1,453,552
59$2,190,183$1,272,093$1,074,813$1,517,130
60$2,384,751$1,305,595$1,081,989$1,585,237
61$2,598,257$1,339,831$1,088,497$1,658,301
62$2,832,604$1,374,807$1,094,286$1,736,791
63$3,089,888$1,410,531$1,099,303$1,821,225
64$3,372,418$1,447,008$1,103,492$1,912,175
65$3,682,738$1,484,245$1,106,792$2,010,269
66$4,023,650$1,522,246$1,109,143$2,116,201
67$4,398,242$1,561,016$1,110,478$2,230,735
68$4,809,913$1,600,556$1,110,730$2,354,714
69$5,262,411$1,640,870$1,109,826$2,489,065
70$5,759,863$1,681,959$1,107,691$2,634,814
71$6,306,817$1,723,823$1,104,247$2,793,087
72$6,908,283$1,766,461$1,099,410$2,965,129
73$7,569,781$1,809,870$1,093,093$3,152,310
74$8,297,393$1,854,048$1,085,205$3,356,142
75$9,097,818$1,898,988$1,075,651$3,578,292
76$9,978,442$1,944,684$1,064,331$3,820,597
77$10,947,397$1,991,127$1,051,140$4,085,080
78$12,013,646$2,038,308$1,035,969$4,373,977
79$13,187,067$2,086,213$1,018,702$4,689,747
80$14,478,539$2,134,829$999,220$5,035,104
81$15,900,052$2,184,138$977,396$5,413,041
82$17,464,818$2,234,121$953,100$5,826,855
83$19,187,393$2,284,757$926,192$6,280,183
84$21,083,818$2,336,021$896,530$6,777,033
85$23,171,766$2,387,885$863,963$7,321,826
86$25,470,713$2,440,318$828,333$7,919,432
87$28,002,118$2,493,286$789,474$8,575,224
88$30,789,629$2,546,752$747,217$9,295,124
89$33,859,302$2,600,673$701,379$10,085,658
90$37,239,849$2,655,004$651,773$10,954,024
91$40,962,909$2,709,695$598,203$11,908,156
92$45,063,345$2,764,690$540,463$12,956,799
93$49,579,577$2,819,930$478,338$14,109,594
94$54,553,936$2,875,349$411,605$15,377,171
95$60,033,074$2,930,877$340,030$16,771,246
96$66,068,394$2,986,437$263,368$18,304,734
97$72,716,544$3,041,946$181,364$19,991,873
98$80,039,944$3,097,314$93,752$21,848,358
99$88,107,379$3,152,443$254$23,891,488
100$96,994,649$3,207,230$0$26,140,335