Can I retire at age 50 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$78,533$77,833$77,151$76,485$75,834$75,105
2 years$38,878$38,154$37,452$36,771$36,111$35,377
3 years$25,661$24,934$24,234$23,560$22,911$22,193
4 years$19,054$18,329$17,636$16,974$16,340$15,646
5 years$15,091$14,370$13,686$13,037$12,421$11,752
6 years$12,449$11,734$11,061$10,426$9,829$9,185
7 years$10,564$9,854$9,191$8,572$7,993$7,376
8 years$9,150$8,447$7,795$7,191$6,631$6,040
9 years$8,051$7,355$6,714$6,125$5,584$5,019
10 years$7,172$6,483$5,853$5,280$4,758$4,218
11 years$6,454$5,771$5,153$4,595$4,092$3,577
12 years$5,855$5,180$4,573$4,030$3,546$3,056
13 years$5,350$4,681$4,086$3,558$3,092$2,626
14 years$4,916$4,255$3,671$3,159$2,711$2,268
15 years$4,541$3,887$3,315$2,817$2,387$1,966
16 years$4,213$3,566$3,005$2,522$2,109$1,711
17 years$3,924$3,284$2,735$2,266$1,870$1,493
18 years$3,668$3,035$2,496$2,042$1,663$1,307
19 years$3,438$2,813$2,285$1,845$1,482$1,146
20 years$3,232$2,614$2,097$1,671$1,324$1,007
21 years$3,046$2,435$1,929$1,517$1,185$886
22 years$2,877$2,273$1,778$1,379$1,062$781
23 years$2,723$2,126$1,642$1,256$953$689
24 years$2,581$1,992$1,518$1,146$857$608
25 years$2,452$1,869$1,406$1,046$771$538
26 years$2,332$1,756$1,304$957$695$476
27 years$2,222$1,653$1,211$876$626$421
28 years$2,120$1,558$1,126$802$565$373
29 years$2,024$1,469$1,048$736$510$331
30 years$1,936$1,388$976$675$461$294
31 years$1,853$1,312$910$620$417$261
32 years$1,776$1,241$849$570$377$231
33 years$1,703$1,176$793$524$341$205
34 years$1,635$1,114$741$482$309$182
35 years$1,571$1,057$692$444$280$162
36 years$1,510$1,003$648$409$254$144
37 years$1,453$953$606$377$230$128
38 years$1,399$905$568$347$208$114
39 years$1,348$861$532$320$189$101
40 years$1,300$819$499$295$171$90
41 years$1,254$780$467$272$155$80
42 years$1,211$743$438$251$141$71
43 years$1,169$707$411$232$128$63
44 years$1,130$674$386$214$116$56
45 years$1,092$643$363$198$105$50
46 years$1,057$613$341$183$96$45
47 years$1,022$585$320$169$87$40
48 years$990$559$301$156$79$35
49 years$958$534$283$144$72$32
50 years$929$510$266$133$65$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $951,000, adding $6,759 every year, while hoping to spend $21,438 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: 53/36/11 Blend
49$951,000$951,000$951,000$951,000
50$1,054,974$1,004,571$989,830$1,107,538
51$1,139,771$1,030,985$1,000,180$1,170,461
52$1,232,500$1,057,975$1,010,158$1,236,001
53$1,333,945$1,085,546$1,019,728$1,306,807
54$1,444,974$1,113,704$1,028,855$1,383,383
55$1,566,538$1,142,453$1,037,499$1,466,283
56$1,699,689$1,171,797$1,045,619$1,556,117
57$1,845,582$1,201,740$1,053,173$1,653,557
58$2,005,491$1,232,285$1,060,113$1,759,343
59$2,180,818$1,263,434$1,066,394$1,874,288
60$2,373,108$1,295,188$1,071,964$1,999,291
61$2,584,061$1,327,548$1,076,771$2,135,339
62$2,815,551$1,360,514$1,080,759$2,283,520
63$3,069,643$1,394,085$1,083,870$2,445,033
64$3,348,610$1,428,258$1,086,043$2,621,197
65$3,654,956$1,463,031$1,087,214$2,813,467
66$3,991,440$1,498,398$1,087,314$3,023,445
67$4,361,102$1,534,354$1,086,274$3,252,896
68$4,767,289$1,570,892$1,084,018$3,503,764
69$5,213,689$1,608,003$1,080,470$3,778,192
70$5,704,367$1,645,676$1,075,547$4,078,539
71$6,243,798$1,683,901$1,069,164$4,407,406
72$6,836,916$1,722,662$1,061,231$4,767,659
73$7,489,153$1,761,945$1,051,654$5,162,455
74$8,206,498$1,801,730$1,040,335$5,595,272
75$8,995,544$1,841,999$1,027,171$6,069,944
76$9,863,562$1,882,729$1,012,053$6,590,695
77$10,818,557$1,923,894$994,868$7,162,178
78$11,869,352$1,965,467$975,498$7,789,525
79$13,025,668$2,007,417$953,820$8,478,385
80$14,298,216$2,049,711$929,703$9,234,989
81$15,698,798$2,092,311$903,012$10,066,199
82$17,240,417$2,135,176$873,604$10,979,579
83$18,937,402$2,178,262$841,333$11,983,464
84$20,805,542$2,221,521$806,042$13,087,040
85$22,862,232$2,264,901$767,569$14,300,429
86$25,126,642$2,308,343$725,745$15,634,787
87$27,619,894$2,351,787$680,392$17,102,406
88$30,365,264$2,395,165$631,326$18,716,835
89$33,388,397$2,438,405$578,352$20,493,004
90$36,717,556$2,481,429$521,269$22,447,367
91$40,383,880$2,524,152$459,865$24,598,055
92$44,421,685$2,566,485$393,920$26,965,052
93$48,868,784$2,608,330$323,203$29,570,381
94$53,766,844$2,649,581$247,474$32,438,310
95$59,161,779$2,690,128$166,481$35,595,585
96$65,104,184$2,729,849$79,963$39,071,683
97$71,649,815$2,768,615$0$42,899,087
98$78,860,107$2,806,288$0$47,115,048
99$86,802,763$2,842,721$0$51,767,675
100$95,552,385$2,877,755$0$56,891,088