Can I retire at age 50 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$78,863$78,161$77,475$76,806$76,153$75,233
2 years$39,041$38,314$37,609$36,926$36,263$35,337
3 years$25,769$25,039$24,336$23,659$23,007$22,104
4 years$19,134$18,406$17,710$17,045$16,409$15,535
5 years$15,154$14,431$13,744$13,092$12,474$11,633
6 years$12,502$11,784$11,107$10,470$9,870$9,062
7 years$10,608$9,896$9,230$8,608$8,027$7,253
8 years$9,188$8,483$7,828$7,221$6,659$5,919
9 years$8,085$7,386$6,742$6,151$5,608$4,901
10 years$7,202$6,510$5,878$5,302$4,778$4,104
11 years$6,481$5,796$5,175$4,614$4,109$3,468
12 years$5,880$5,202$4,592$4,047$3,561$2,951
13 years$5,372$4,701$4,103$3,573$3,105$2,526
14 years$4,937$4,273$3,687$3,172$2,722$2,173
15 years$4,560$3,903$3,329$2,829$2,397$1,877
16 years$4,231$3,581$3,018$2,533$2,118$1,626
17 years$3,941$3,298$2,746$2,276$1,878$1,413
18 years$3,683$3,048$2,507$2,051$1,670$1,231
19 years$3,453$2,825$2,295$1,853$1,489$1,075
20 years$3,246$2,625$2,106$1,678$1,330$940
21 years$3,059$2,445$1,937$1,523$1,190$824
22 years$2,889$2,282$1,785$1,385$1,067$723
23 years$2,734$2,134$1,649$1,261$957$635
24 years$2,592$2,000$1,525$1,150$861$558
25 years$2,462$1,877$1,412$1,051$774$491
26 years$2,342$1,764$1,310$961$697$432
27 years$2,231$1,660$1,216$879$629$381
28 years$2,128$1,564$1,131$806$567$336
29 years$2,033$1,476$1,052$739$512$296
30 years$1,944$1,394$980$678$463$262
31 years$1,861$1,317$914$623$419$231
32 years$1,783$1,247$852$572$379$204
33 years$1,710$1,181$796$526$343$180
34 years$1,642$1,119$744$484$310$159
35 years$1,577$1,061$695$446$281$141
36 years$1,517$1,007$650$411$255$125
37 years$1,460$957$609$378$231$110
38 years$1,405$909$570$349$209$97
39 years$1,354$865$534$321$190$86
40 years$1,306$823$501$296$172$76
41 years$1,260$783$469$274$156$68
42 years$1,216$746$440$252$142$60
43 years$1,174$710$413$233$129$53
44 years$1,135$677$388$215$117$47
45 years$1,097$646$364$199$106$41
46 years$1,061$616$342$184$96$37
47 years$1,027$588$321$170$87$32
48 years$994$561$302$157$79$29
49 years$962$536$284$145$72$25
50 years$932$512$267$134$65$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $955,000, adding $6,592 every year, while hoping to spend $55,354 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: 64/6/30 Blend
49$955,000$955,000$955,000$955,000
50$1,059,210$1,008,595$993,792$1,118,113
51$1,108,353$999,120$968,188$1,149,380
52$1,160,653$987,325$939,871$1,176,890
53$1,216,375$973,039$908,691$1,205,772
54$1,275,806$956,079$874,493$1,236,172
55$1,339,263$936,251$837,114$1,268,249
56$1,407,092$913,352$796,382$1,302,182
57$1,479,674$887,164$752,118$1,338,169
58$1,557,424$857,459$704,138$1,376,434
59$1,640,800$823,993$652,245$1,417,222
60$1,730,302$786,509$596,236$1,460,807
61$1,826,481$744,736$535,898$1,507,495
62$1,929,940$698,386$471,009$1,557,625
63$2,041,343$647,156$401,336$1,611,573
64$2,161,417$590,724$326,638$1,669,757
65$2,290,962$528,750$246,661$1,732,643
66$2,430,857$460,875$161,141$1,800,744
67$2,582,066$386,721$69,801$1,874,634
68$2,745,652$305,885$0$1,954,945
69$2,922,781$217,945$0$2,051,240
70$3,114,734$122,454$0$2,179,859
71$3,322,923$18,940$0$2,319,400
72$3,548,896$0$0$2,470,923
73$3,794,361$0$0$2,641,745
74$4,061,193$0$0$2,828,855
75$4,351,455$0$0$3,032,455
76$4,667,419$0$0$3,254,147
77$5,011,583$0$0$3,495,692
78$5,386,696$0$0$3,759,027
79$5,795,784$0$0$4,046,286
80$6,242,179$0$0$4,359,816
81$6,729,545$0$0$4,702,201
82$7,261,919$0$0$5,076,287
83$7,843,742$0$0$5,485,206
84$8,479,906$0$0$5,932,404
85$9,175,797$0$0$6,421,680
86$9,937,342$0$0$6,957,214
87$10,771,072$0$0$7,543,608
88$11,684,177$0$0$8,185,932
89$12,684,573$0$0$8,889,770
90$13,780,981$0$0$9,661,267
91$14,983,004$0$0$10,507,197
92$16,301,219$0$0$11,435,018
93$17,747,275$0$0$12,452,942
94$19,334,004$0$0$13,570,019
95$21,075,539$0$0$14,796,214
96$22,987,449$0$0$16,142,505
97$25,086,883$0$0$17,620,987
98$27,392,733$0$0$19,244,979
99$29,925,810$0$0$21,029,159
100$32,709,040$0$0$22,989,692