Can I retire at age 50 with 953,000?

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 $953,000?

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$78,698$77,997$77,313$76,645$75,994$74,490
2 years$38,959$38,234$37,531$36,849$36,187$34,679
3 years$25,715$24,986$24,285$23,609$22,959$21,492
4 years$19,094$18,367$17,673$17,009$16,374$14,961
5 years$15,122$14,400$13,715$13,065$12,448$11,092
6 years$12,476$11,759$11,084$10,448$9,849$8,553
7 years$10,586$9,875$9,211$8,590$8,010$6,773
8 years$9,169$8,465$7,811$7,206$6,645$5,467
9 years$8,068$7,370$6,728$6,138$5,596$4,476
10 years$7,187$6,496$5,866$5,291$4,768$3,705
11 years$6,467$5,783$5,164$4,605$4,101$3,093
12 years$5,868$5,191$4,583$4,039$3,554$2,600
13 years$5,361$4,691$4,095$3,566$3,099$2,198
14 years$4,927$4,264$3,679$3,165$2,716$1,867
15 years$4,551$3,895$3,322$2,823$2,392$1,591
16 years$4,222$3,574$3,012$2,528$2,114$1,361
17 years$3,933$3,291$2,740$2,271$1,874$1,167
18 years$3,675$3,041$2,502$2,047$1,667$1,003
19 years$3,446$2,819$2,290$1,849$1,485$863
20 years$3,239$2,619$2,102$1,675$1,327$745
21 years$3,052$2,440$1,933$1,520$1,187$643
22 years$2,883$2,277$1,782$1,382$1,064$556
23 years$2,728$2,130$1,645$1,259$955$481
24 years$2,587$1,996$1,521$1,148$859$417
25 years$2,457$1,873$1,409$1,048$773$361
26 years$2,337$1,760$1,307$959$696$313
27 years$2,227$1,657$1,214$877$628$272
28 years$2,124$1,561$1,128$804$566$236
29 years$2,029$1,473$1,050$737$511$205
30 years$1,940$1,391$978$677$462$178
31 years$1,857$1,315$912$621$418$155
32 years$1,779$1,244$851$571$378$135
33 years$1,707$1,178$794$525$342$117
34 years$1,638$1,117$742$483$310$102
35 years$1,574$1,059$694$445$280$89
36 years$1,514$1,005$649$410$254$77
37 years$1,456$955$607$377$230$67
38 years$1,402$907$569$348$209$58
39 years$1,351$863$533$321$189$51
40 years$1,303$821$500$296$172$44
41 years$1,257$781$468$273$156$39
42 years$1,213$744$439$252$141$34
43 years$1,172$709$412$233$128$29
44 years$1,132$676$387$215$116$25
45 years$1,095$644$363$198$106$22
46 years$1,059$615$341$183$96$19
47 years$1,024$587$321$169$87$17
48 years$992$560$301$156$79$15
49 years$960$535$283$145$72$13
50 years$930$511$266$134$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $953,000, adding $3,484 every year, while hoping to spend $57,612 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: 49/36/15 Blend
49$953,000$953,000$953,000$953,000
50$1,053,800$1,003,291$988,519$1,100,898
51$1,099,989$991,153$960,336$1,121,600
52$1,148,958$976,490$929,278$1,137,831
53$1,200,930$959,117$895,187$1,154,193
54$1,256,149$938,838$857,900$1,170,721
55$1,314,881$915,446$817,245$1,187,453
56$1,377,418$888,722$773,041$1,204,436
57$1,444,079$858,433$725,102$1,221,725
58$1,515,214$824,335$673,232$1,239,387
59$1,591,205$786,167$617,224$1,257,499
60$1,672,472$743,653$556,866$1,276,150
61$1,759,477$696,504$491,933$1,295,444
62$1,852,722$644,412$422,192$1,315,502
63$1,952,763$587,051$347,398$1,336,463
64$2,060,206$524,078$267,298$1,358,485
65$2,175,719$455,130$181,624$1,381,751
66$2,300,033$379,822$90,099$1,406,467
67$2,433,953$297,750$0$1,432,870
68$2,578,361$208,485$0$1,462,440
69$2,734,227$111,574$0$1,509,738
70$2,902,617$6,540$0$1,560,722
71$3,084,702$0$0$1,615,834
72$3,281,769$0$0$1,718,004
73$3,495,234$0$0$1,831,567
74$3,726,652$0$0$1,954,771
75$3,977,734$0$0$2,088,537
76$4,250,361$0$0$2,233,881
77$4,546,604$0$0$2,391,917
78$4,868,739$0$0$2,563,874
79$5,219,271$0$0$2,751,102
80$5,600,955$0$0$2,955,087
81$6,016,825$0$0$3,177,465
82$6,470,217$0$0$3,420,036
83$6,964,806$0$0$3,684,780
84$7,504,633$0$0$3,973,880
85$8,094,149$0$0$4,289,735
86$8,738,253$0$0$4,634,988
87$9,442,338$0$0$5,012,551
88$10,212,343$0$0$5,425,625
89$11,054,805$0$0$5,877,739
90$11,976,924$0$0$6,372,778
91$12,986,626$0$0$6,915,020
92$14,092,642$0$0$7,509,175
93$15,304,585$0$0$8,160,432
94$16,633,043$0$0$8,874,505
95$18,089,676$0$0$9,657,687
96$19,687,328$0$0$10,516,910
97$21,440,144$0$0$11,459,810
98$23,363,705$0$0$12,494,795
99$25,475,175$0$0$13,631,131
100$27,793,459$0$0$14,879,022