Can I retire at age 50 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$78,780$78,079$77,394$76,726$76,073$73,727
2 years$39,000$38,274$37,570$36,887$36,225$33,882
3 years$25,742$25,012$24,310$23,634$22,983$20,716
4 years$19,114$18,387$17,692$17,027$16,392$14,218
5 years$15,138$14,415$13,729$13,078$12,461$10,387
6 years$12,489$11,771$11,095$10,459$9,860$7,888
7 years$10,597$9,886$9,220$8,599$8,019$6,148
8 years$9,179$8,474$7,820$7,213$6,652$4,882
9 years$8,076$7,378$6,735$6,144$5,602$3,930
10 years$7,195$6,503$5,872$5,296$4,773$3,197
11 years$6,474$5,789$5,169$4,609$4,105$2,622
12 years$5,874$5,196$4,588$4,043$3,557$2,164
13 years$5,366$4,696$4,099$3,569$3,102$1,795
14 years$4,932$4,268$3,683$3,169$2,719$1,496
15 years$4,556$3,899$3,325$2,826$2,394$1,250
16 years$4,227$3,578$3,015$2,530$2,116$1,048
17 years$3,937$3,295$2,743$2,273$1,876$880
18 years$3,679$3,045$2,504$2,049$1,668$741
19 years$3,449$2,822$2,292$1,851$1,487$625
20 years$3,242$2,622$2,104$1,677$1,328$528
21 years$3,055$2,442$1,935$1,522$1,189$446
22 years$2,886$2,280$1,784$1,384$1,065$377
23 years$2,731$2,132$1,647$1,260$956$319
24 years$2,590$1,998$1,523$1,149$860$271
25 years$2,460$1,875$1,411$1,050$774$229
26 years$2,340$1,762$1,308$960$697$195
27 years$2,229$1,658$1,215$878$628$165
28 years$2,126$1,563$1,129$805$567$140
29 years$2,031$1,474$1,051$738$512$119
30 years$1,942$1,392$979$677$462$101
31 years$1,859$1,316$913$622$418$86
32 years$1,781$1,245$852$572$378$73
33 years$1,708$1,179$795$526$342$62
34 years$1,640$1,118$743$484$310$53
35 years$1,576$1,060$695$445$281$45
36 years$1,515$1,006$650$410$254$38
37 years$1,458$956$608$378$230$32
38 years$1,404$908$569$348$209$27
39 years$1,353$864$534$321$189$23
40 years$1,304$822$500$296$172$20
41 years$1,258$782$469$273$156$17
42 years$1,215$745$440$252$141$14
43 years$1,173$710$413$233$128$12
44 years$1,133$677$387$215$117$10
45 years$1,096$645$364$199$106$9
46 years$1,060$615$342$183$96$7
47 years$1,026$587$321$169$87$6
48 years$993$561$302$157$79$5
49 years$961$535$284$145$72$5
50 years$931$511$267$134$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $954,000, adding $3,894 every year, while hoping to spend $30,683 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: 53/27/20 Blend
49$954,000$954,000$954,000$954,000
50$1,055,325$1,004,763$989,976$1,105,283
51$1,130,321$1,021,350$990,493$1,156,603
52$1,211,939$1,037,721$990,000$1,208,884
53$1,300,821$1,053,834$988,429$1,265,114
54$1,397,675$1,069,642$985,712$1,325,679
55$1,503,280$1,085,096$981,775$1,391,005
56$1,618,492$1,100,143$976,542$1,461,562
57$1,744,255$1,114,726$969,933$1,537,868
58$1,881,606$1,128,786$961,863$1,620,495
59$2,031,690$1,142,256$952,246$1,710,075
60$2,195,765$1,155,069$940,988$1,807,304
61$2,375,216$1,167,150$927,994$1,912,951
62$2,571,568$1,178,421$913,162$2,027,863
63$2,786,502$1,188,798$896,387$2,152,975
64$3,021,867$1,198,191$877,558$2,289,322
65$3,279,701$1,206,505$856,559$2,438,040
66$3,562,246$1,213,639$833,269$2,600,387
67$3,871,973$1,219,485$807,562$2,777,750
68$4,211,603$1,223,929$779,304$2,971,657
69$4,584,132$1,226,848$748,357$3,183,795
70$4,992,863$1,228,113$714,576$3,416,027
71$5,441,431$1,227,586$677,810$3,670,406
72$5,933,840$1,225,121$637,900$3,949,196
73$6,474,503$1,220,562$594,680$4,254,897
74$7,068,278$1,213,746$547,979$4,590,265
75$7,720,520$1,204,498$497,613$4,958,338
76$8,437,126$1,192,631$443,396$5,362,472
77$9,224,593$1,177,950$385,130$5,806,363
78$10,090,078$1,160,246$322,609$6,294,091
79$11,041,467$1,139,299$255,617$6,830,155
80$12,087,447$1,114,875$183,930$7,419,516
81$13,237,589$1,086,726$107,314$8,067,646
82$14,502,438$1,054,590$25,524$8,780,579
83$15,893,612$1,018,190$0$9,564,969
84$17,423,911$977,233$0$10,441,334
85$19,107,439$931,406$0$11,411,257
86$20,959,735$880,382$0$12,478,265
87$22,997,920$823,813$0$13,652,262
88$25,240,859$761,332$0$14,944,159
89$27,709,339$692,549$0$16,365,988
90$30,426,261$617,053$0$17,931,008
91$33,416,863$534,412$0$19,653,835
92$36,708,951$444,166$0$21,550,579
93$40,333,163$345,829$0$23,638,998
94$44,323,262$238,892$0$25,938,665
95$48,716,449$122,812$0$28,471,155
96$53,553,716$0$0$31,260,246
97$58,880,232$0$0$34,333,036
98$64,745,770$0$0$37,757,081
99$71,205,175$0$0$41,527,923
100$78,318,882$0$0$45,680,859