Can I retire at age 50 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$78,615$77,915$77,232$76,565$75,914$75,215
2 years$38,918$38,194$37,491$36,810$36,149$35,445
3 years$25,688$24,960$24,259$23,585$22,935$22,247
4 years$19,074$18,348$17,655$16,991$16,357$15,692
5 years$15,107$14,385$13,701$13,051$12,434$11,793
6 years$12,463$11,747$11,072$10,437$9,839$9,222
7 years$10,575$9,865$9,201$8,581$8,002$7,409
8 years$9,159$8,456$7,803$7,198$6,638$6,071
9 years$8,059$7,362$6,721$6,131$5,590$5,048
10 years$7,180$6,490$5,859$5,285$4,763$4,245
11 years$6,460$5,777$5,159$4,600$4,097$3,602
12 years$5,862$5,185$4,578$4,035$3,550$3,079
13 years$5,355$4,686$4,090$3,562$3,096$2,648
14 years$4,921$4,260$3,675$3,162$2,714$2,288
15 years$4,546$3,891$3,318$2,820$2,389$1,985
16 years$4,218$3,570$3,008$2,525$2,112$1,729
17 years$3,928$3,288$2,737$2,269$1,872$1,510
18 years$3,671$3,038$2,499$2,044$1,665$1,322
19 years$3,442$2,816$2,288$1,847$1,484$1,160
20 years$3,236$2,617$2,100$1,673$1,325$1,020
21 years$3,049$2,437$1,931$1,518$1,186$898
22 years$2,880$2,275$1,780$1,381$1,063$792
23 years$2,725$2,128$1,643$1,257$954$699
24 years$2,584$1,994$1,520$1,147$858$618
25 years$2,454$1,871$1,408$1,047$772$547
26 years$2,335$1,758$1,306$958$695$484
27 years$2,224$1,655$1,212$877$627$429
28 years$2,122$1,559$1,127$803$566$381
29 years$2,027$1,471$1,049$736$511$338
30 years$1,938$1,389$977$676$461$300
31 years$1,855$1,313$911$621$417$266
32 years$1,778$1,243$850$570$377$237
33 years$1,705$1,177$793$525$342$210
34 years$1,637$1,115$741$483$309$187
35 years$1,572$1,058$693$444$280$166
36 years$1,512$1,004$648$409$254$148
37 years$1,455$954$607$377$230$132
38 years$1,401$906$568$348$209$117
39 years$1,350$862$532$320$189$104
40 years$1,302$820$499$296$172$93
41 years$1,256$781$468$273$156$83
42 years$1,212$743$439$252$141$74
43 years$1,171$708$412$232$128$65
44 years$1,131$675$387$214$116$58
45 years$1,094$644$363$198$106$52
46 years$1,058$614$341$183$96$46
47 years$1,023$586$320$169$87$41
48 years$991$559$301$156$79$37
49 years$959$534$283$144$72$33
50 years$929$510$266$133$65$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $952,000, adding $3,209 every year, while hoping to spend $58,719 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: 77/17/6 Blend
49$952,000$952,000$952,000$952,000
50$1,052,414$1,001,958$987,202$1,132,617
51$1,097,284$988,577$957,797$1,172,328
52$1,144,762$972,573$925,438$1,207,930
53$1,195,053$953,755$889,966$1,245,229
54$1,248,380$931,920$851,211$1,284,368
55$1,304,987$906,856$808,999$1,325,505
56$1,365,139$878,335$763,144$1,368,815
57$1,429,128$846,119$713,454$1,414,491
58$1,497,275$809,954$659,730$1,462,746
59$1,569,926$769,572$601,761$1,513,815
60$1,647,466$724,688$539,327$1,567,959
61$1,730,314$675,004$472,201$1,625,467
62$1,818,928$620,201$400,142$1,686,657
63$1,913,813$559,945$322,901$1,751,882
64$2,015,521$493,882$240,217$1,821,530
65$2,124,657$421,635$151,817$1,896,033
66$2,241,888$342,811$57,419$1,975,868
67$2,367,942$256,990$0$2,061,560
68$2,503,621$163,732$0$2,156,466
69$2,649,806$62,570$0$2,262,558
70$2,807,462$0$0$2,376,890
71$2,977,651$0$0$2,509,060
72$3,161,539$0$0$2,664,543
73$3,360,410$0$0$2,832,721
74$3,575,672$0$0$3,014,790
75$3,808,875$0$0$3,212,063
76$4,061,721$0$0$3,425,986
77$4,336,085$0$0$3,658,147
78$4,634,026$0$0$3,910,294
79$4,957,810$0$0$4,184,349
80$5,309,930$0$0$4,482,427
81$5,693,128$0$0$4,806,854
82$6,110,423$0$0$5,160,189
83$6,565,135$0$0$5,545,251
84$7,060,918$0$0$5,965,138
85$7,601,794$0$0$6,423,264
86$8,192,190$0$0$6,923,383
87$8,836,980$0$0$7,469,630
88$9,541,528$0$0$8,066,557
89$10,311,739$0$0$8,719,173
90$11,154,117$0$0$9,432,996
91$12,075,821$0$0$10,214,099
92$13,084,734$0$0$11,069,172
93$14,189,537$0$0$12,005,578
94$15,399,790$0$0$13,031,430
95$16,726,021$0$0$14,155,659
96$18,179,825$0$0$15,388,103
97$19,773,970$0$0$16,739,595
98$21,522,522$0$0$18,222,070
99$23,440,972$0$0$19,848,671
100$25,546,383$0$0$21,633,876