Can I retire at age 50 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$79,276$78,570$77,881$77,208$76,552$74,490
2 years$39,245$38,515$37,806$37,119$36,453$34,390
3 years$25,904$25,170$24,463$23,783$23,127$21,128
4 years$19,234$18,502$17,803$17,134$16,495$14,575
5 years$15,234$14,506$13,816$13,161$12,539$10,704
6 years$12,567$11,845$11,165$10,525$9,922$8,173
7 years$10,664$9,948$9,278$8,653$8,069$6,406
8 years$9,236$8,527$7,869$7,259$6,694$5,117
9 years$8,127$7,424$6,777$6,183$5,637$4,144
10 years$7,240$6,544$5,909$5,330$4,803$3,392
11 years$6,515$5,826$5,202$4,638$4,131$2,800
12 years$5,911$5,229$4,617$4,068$3,580$2,326
13 years$5,400$4,725$4,125$3,592$3,122$1,943
14 years$4,963$4,295$3,706$3,188$2,736$1,630
15 years$4,584$3,924$3,346$2,844$2,409$1,372
16 years$4,253$3,600$3,034$2,546$2,129$1,159
17 years$3,961$3,316$2,760$2,288$1,888$981
18 years$3,702$3,064$2,520$2,062$1,679$832
19 years$3,471$2,839$2,307$1,863$1,496$706
20 years$3,263$2,639$2,117$1,687$1,337$601
21 years$3,075$2,458$1,947$1,531$1,196$512
22 years$2,904$2,294$1,795$1,392$1,072$436
23 years$2,748$2,146$1,657$1,268$962$372
24 years$2,606$2,010$1,533$1,156$865$318
25 years$2,475$1,887$1,420$1,056$778$272
26 years$2,354$1,773$1,317$966$701$232
27 years$2,243$1,669$1,223$884$632$199
28 years$2,140$1,572$1,136$810$570$170
29 years$2,044$1,483$1,058$743$515$146
30 years$1,954$1,401$985$682$465$125
31 years$1,871$1,324$918$626$421$107
32 years$1,792$1,253$857$575$381$91
33 years$1,719$1,187$800$529$344$78
34 years$1,650$1,125$748$487$312$67
35 years$1,586$1,067$699$448$282$58
36 years$1,525$1,013$654$413$256$49
37 years$1,467$962$612$380$232$42
38 years$1,413$914$573$350$210$36
39 years$1,361$869$537$323$191$31
40 years$1,312$827$503$298$173$27
41 years$1,266$787$472$275$157$23
42 years$1,222$750$443$254$142$20
43 years$1,180$714$415$234$129$17
44 years$1,141$681$390$216$117$14
45 years$1,103$649$366$200$106$12
46 years$1,067$619$344$185$97$11
47 years$1,032$591$323$170$88$9
48 years$999$564$304$158$80$8
49 years$967$539$285$146$72$7
50 years$937$515$268$135$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $960,000, adding $4,789 every year, while hoping to spend $39,158 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: 63/20/17 Blend
49$960,000$960,000$960,000$960,000
50$1,062,860$1,011,980$997,100$1,125,006
51$1,129,608$1,019,903$988,839$1,175,274
52$1,201,852$1,026,902$978,989$1,225,272
53$1,280,110$1,032,890$967,455$1,278,942
54$1,364,955$1,037,776$954,138$1,336,643
55$1,457,014$1,041,460$938,935$1,398,773
56$1,556,977$1,043,839$921,737$1,465,769
57$1,665,604$1,044,802$902,430$1,538,116
58$1,783,729$1,044,231$880,896$1,616,349
59$1,912,273$1,042,002$857,009$1,701,058
60$2,052,246$1,037,982$830,641$1,792,893
61$2,204,762$1,032,029$801,654$1,892,576
62$2,371,045$1,023,996$769,906$2,000,898
63$2,552,442$1,013,722$735,249$2,118,738
64$2,750,438$1,001,042$697,526$2,247,063
65$2,966,665$985,775$656,576$2,386,940
66$3,202,922$967,735$612,228$2,539,548
67$3,461,187$946,721$564,304$2,706,189
68$3,743,639$922,521$512,620$2,888,298
69$4,052,678$894,912$456,980$3,087,461
70$4,390,945$863,657$397,183$3,305,426
71$4,761,350$828,505$333,017$3,544,123
72$5,167,095$789,189$264,261$3,805,682
73$5,611,710$745,430$190,684$4,092,453
74$6,099,078$696,930$112,046$4,407,029
75$6,633,480$643,376$28,095$4,752,271
76$7,219,628$584,434$0$5,131,335
77$7,862,713$519,755$0$5,558,859
78$8,568,454$448,967$0$6,033,693
79$9,343,148$371,678$0$6,555,026
80$10,193,733$287,474$0$7,127,588
81$11,127,852$195,919$0$7,756,591
82$12,153,924$96,549$0$8,447,784
83$13,281,222$0$0$9,207,504
84$14,519,963$0$0$10,045,182
85$15,881,405$0$0$10,989,259
86$17,377,946$0$0$12,027,096
87$19,023,248$0$0$13,168,176
88$20,832,363$0$0$14,422,946
89$22,821,873$0$0$15,802,919
90$25,010,048$0$0$17,320,778
91$27,417,018$0$0$18,990,496
92$30,064,962$0$0$20,827,470
93$32,978,314$0$0$22,848,663
94$36,184,001$0$0$25,072,767
95$39,711,687$0$0$27,520,375
96$43,594,061$0$0$30,214,181
97$47,867,137$0$0$33,179,187
98$52,570,602$0$0$36,442,944
99$57,748,182$0$0$40,035,806
100$63,448,059$0$0$43,991,225