Can I retire at age 50 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$78,946$78,242$77,556$76,887$76,233$75,125
2 years$39,082$38,354$37,649$36,965$36,301$35,187
3 years$25,796$25,065$24,361$23,684$23,031$21,946
4 years$19,154$18,425$17,729$17,063$16,426$15,377
5 years$15,170$14,446$13,758$13,106$12,487$11,478
6 years$12,515$11,796$11,119$10,481$9,880$8,913
7 years$10,619$9,906$9,240$8,617$8,035$7,110
8 years$9,198$8,491$7,836$7,228$6,666$5,782
9 years$8,093$7,393$6,749$6,157$5,614$4,771
10 years$7,210$6,517$5,884$5,307$4,783$3,981
11 years$6,488$5,802$5,180$4,619$4,114$3,351
12 years$5,886$5,207$4,597$4,052$3,565$2,841
13 years$5,378$4,706$4,107$3,577$3,109$2,422
14 years$4,942$4,277$3,691$3,175$2,725$2,075
15 years$4,565$3,908$3,332$2,832$2,399$1,785
16 years$4,235$3,585$3,021$2,535$2,121$1,540
17 years$3,945$3,302$2,749$2,278$1,880$1,333
18 years$3,687$3,051$2,509$2,053$1,672$1,156
19 years$3,456$2,828$2,297$1,855$1,490$1,005
20 years$3,249$2,628$2,108$1,680$1,331$875
21 years$3,062$2,447$1,939$1,525$1,191$763
22 years$2,892$2,285$1,787$1,386$1,068$667
23 years$2,737$2,137$1,650$1,263$958$583
24 years$2,595$2,002$1,526$1,152$861$510
25 years$2,465$1,879$1,414$1,052$775$447
26 years$2,345$1,766$1,311$962$698$391
27 years$2,234$1,662$1,217$880$630$343
28 years$2,131$1,566$1,132$806$568$301
29 years$2,035$1,477$1,053$740$513$264
30 years$1,946$1,395$981$679$463$232
31 years$1,863$1,319$915$623$419$204
32 years$1,785$1,248$853$573$379$179
33 years$1,712$1,182$797$527$343$158
34 years$1,644$1,120$744$485$311$139
35 years$1,579$1,062$696$446$281$122
36 years$1,518$1,008$651$411$255$107
37 years$1,461$958$609$379$231$94
38 years$1,407$910$571$349$209$83
39 years$1,356$865$535$322$190$73
40 years$1,307$823$501$297$172$64
41 years$1,261$784$470$274$156$57
42 years$1,217$746$441$253$142$50
43 years$1,175$711$414$233$129$44
44 years$1,136$678$388$215$117$39
45 years$1,098$646$365$199$106$34
46 years$1,062$617$342$184$96$30
47 years$1,028$589$322$170$87$26
48 years$995$562$302$157$79$23
49 years$963$537$284$145$72$21
50 years$933$513$267$134$65$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $956,000, adding $5,053 every year, while hoping to spend $48,125 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: 43/42/15 Blend
49$956,000$956,000$956,000$956,000
50$1,058,724$1,008,056$993,238$1,099,431
51$1,115,509$1,006,246$975,307$1,126,681
52$1,176,474$1,002,735$955,162$1,151,012
53$1,241,993$997,387$932,679$1,176,333
54$1,312,479$990,062$907,726$1,202,757
55$1,388,384$980,607$880,167$1,230,410
56$1,470,205$968,863$849,859$1,259,436
57$1,558,489$954,660$816,652$1,289,996
58$1,653,835$937,819$780,390$1,322,270
59$1,756,902$918,148$740,909$1,356,461
60$1,868,415$895,446$698,038$1,392,798
61$1,989,169$869,499$651,599$1,431,536
62$2,120,042$840,082$601,405$1,472,962
63$2,261,994$806,954$547,260$1,517,396
64$2,416,086$769,863$488,962$1,565,197
65$2,583,481$728,541$426,296$1,616,766
66$2,765,460$682,703$359,041$1,672,551
67$2,963,433$632,052$286,965$1,733,051
68$3,178,950$576,269$209,825$1,798,824
69$3,413,717$515,020$127,368$1,870,493
70$3,669,611$447,951$39,330$1,948,749
71$3,948,699$374,688$0$2,034,366
72$4,253,255$294,837$0$2,136,943
73$4,585,781$207,978$0$2,255,982
74$4,949,034$113,673$0$2,386,291
75$5,346,048$11,455$0$2,529,103
76$5,780,161$0$0$2,685,783
77$6,255,052$0$0$2,903,678
78$6,774,769$0$0$3,148,051
79$7,343,771$0$0$3,415,717
80$7,966,967$0$0$3,709,003
81$8,649,764$0$0$4,030,467
82$9,398,117$0$0$4,382,930
83$10,218,584$0$0$4,769,496
84$11,118,386$0$0$5,193,587
85$12,105,480$0$0$5,658,970
86$13,188,627$0$0$6,169,794
87$14,377,480$0$0$6,730,631
88$15,682,669$0$0$7,346,516
89$17,115,906$0$0$8,022,996
90$18,690,092$0$0$8,766,182
91$20,419,439$0$0$9,582,806
92$22,319,602$0$0$10,480,283
93$24,407,829$0$0$11,466,784
94$26,703,122$0$0$12,551,309
95$29,226,413$0$0$13,743,776
96$32,000,768$0$0$15,055,110
97$35,051,593$0$0$16,497,347
98$38,406,886$0$0$18,083,752
99$42,097,490$0$0$19,828,936
100$46,157,387$0$0$21,748,999