Can I retire at age 50 with 958,000?

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 $958,000?

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$79,111$78,406$77,719$77,048$76,392$74,036
2 years$39,164$38,434$37,727$37,042$36,377$34,024
3 years$25,850$25,117$24,412$23,733$23,079$20,803
4 years$19,194$18,464$17,766$17,098$16,460$14,278
5 years$15,202$14,476$13,787$13,133$12,513$10,431
6 years$12,541$11,821$11,142$10,503$9,901$7,921
7 years$10,641$9,927$9,259$8,635$8,052$6,174
8 years$9,217$8,509$7,852$7,244$6,680$4,902
9 years$8,110$7,409$6,763$6,170$5,626$3,946
10 years$7,225$6,531$5,896$5,319$4,793$3,210
11 years$6,501$5,814$5,191$4,629$4,122$2,633
12 years$5,898$5,218$4,607$4,060$3,572$2,173
13 years$5,389$4,716$4,116$3,584$3,115$1,803
14 years$4,952$4,286$3,698$3,182$2,731$1,502
15 years$4,575$3,916$3,339$2,838$2,404$1,255
16 years$4,244$3,593$3,027$2,541$2,125$1,052
17 years$3,953$3,309$2,755$2,283$1,884$884
18 years$3,695$3,057$2,515$2,057$1,675$744
19 years$3,464$2,833$2,302$1,859$1,493$628
20 years$3,256$2,633$2,113$1,684$1,334$530
21 years$3,068$2,453$1,943$1,528$1,194$448
22 years$2,898$2,289$1,791$1,389$1,070$379
23 years$2,743$2,141$1,654$1,265$960$321
24 years$2,600$2,006$1,529$1,154$863$272
25 years$2,470$1,883$1,417$1,054$777$230
26 years$2,350$1,769$1,314$964$700$195
27 years$2,238$1,665$1,220$882$631$166
28 years$2,135$1,569$1,134$808$569$141
29 years$2,039$1,480$1,055$741$514$119
30 years$1,950$1,398$983$680$464$101
31 years$1,867$1,322$916$625$420$86
32 years$1,789$1,250$855$574$380$73
33 years$1,716$1,184$798$528$344$62
34 years$1,647$1,122$746$486$311$53
35 years$1,582$1,065$697$447$282$45
36 years$1,522$1,010$652$412$255$38
37 years$1,464$960$611$379$231$32
38 years$1,410$912$572$350$210$28
39 years$1,358$867$536$322$190$23
40 years$1,310$825$502$297$173$20
41 years$1,264$785$471$274$157$17
42 years$1,220$748$442$253$142$14
43 years$1,178$713$414$234$129$12
44 years$1,138$679$389$216$117$10
45 years$1,100$648$365$199$106$9
46 years$1,064$618$343$184$96$8
47 years$1,030$590$322$170$88$6
48 years$997$563$303$157$80$5
49 years$965$538$285$145$72$5
50 years$935$514$268$134$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $958,000, adding $2,199 every year, while hoping to spend $43,114 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: 82/10/8 Blend
49$958,000$958,000$958,000$958,000
50$1,057,984$1,007,210$992,361$1,143,535
51$1,120,026$1,010,691$979,732$1,203,310
52$1,186,950$1,012,896$965,235$1,262,951
53$1,259,211$1,013,720$948,762$1,327,108
54$1,337,304$1,013,046$930,200$1,396,212
55$1,421,778$1,010,754$909,430$1,470,732
56$1,513,231$1,006,713$886,328$1,551,188
57$1,612,326$1,000,787$860,765$1,638,153
58$1,719,787$992,830$832,605$1,732,255
59$1,836,415$982,687$801,706$1,834,190
60$1,963,086$970,196$767,921$1,944,720
61$2,100,768$955,183$731,093$2,064,689
62$2,250,522$937,463$691,061$2,195,025
63$2,413,520$916,843$647,655$2,336,749
64$2,591,046$893,115$600,699$2,490,989
65$2,784,518$866,063$550,007$2,658,986
66$2,995,493$835,454$495,387$2,842,108
67$3,225,686$801,045$436,636$3,041,863
68$3,476,986$762,576$373,543$3,259,912
69$3,751,470$719,774$305,888$3,498,087
70$4,051,427$672,349$233,442$3,758,405
71$4,379,374$619,996$155,963$4,043,091
72$4,738,084$562,390$73,203$4,354,596
73$5,130,612$499,190$0$4,695,621
74$5,560,319$430,035$0$5,070,436
75$6,030,906$354,542$0$5,487,784
76$6,546,452$272,308$0$5,945,052
77$7,111,446$182,907$0$6,446,252
78$7,730,833$85,889$0$6,995,805
79$8,410,060$0$0$7,598,583
80$9,155,123$0$0$8,262,070
81$9,972,631$0$0$9,000,460
82$10,869,861$0$0$9,810,880
83$11,854,829$0$0$10,700,573
84$12,936,366$0$0$11,677,517
85$14,124,198$0$0$12,750,502
86$15,429,041$0$0$13,929,211
87$16,862,700$0$0$15,224,310
88$18,438,178$0$0$16,647,550
89$20,169,804$0$0$18,211,877
90$22,073,359$0$0$19,931,553
91$24,166,233$0$0$21,822,291
92$26,467,584$0$0$23,901,403
93$28,998,520$0$0$26,187,961
94$31,782,295$0$0$28,702,979
95$34,844,532$0$0$31,469,610
96$38,213,460$0$0$34,513,364
97$41,920,186$0$0$37,862,347
98$45,998,979$0$0$41,547,528
99$50,487,602$0$0$45,603,029
100$55,427,661$0$0$50,066,447