Can I retire at age 50 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$79,358$78,652$77,962$77,289$76,631$75,362
2 years$39,286$38,555$37,846$37,158$36,491$35,216
3 years$25,931$25,196$24,489$23,808$23,152$21,910
4 years$19,254$18,522$17,821$17,152$16,512$15,314
5 years$15,249$14,521$13,830$13,174$12,552$11,401
6 years$12,580$11,858$11,177$10,536$9,932$8,829
7 years$10,675$9,958$9,288$8,662$8,077$7,023
8 years$9,246$8,536$7,877$7,266$6,701$5,695
9 years$8,135$7,432$6,784$6,189$5,643$4,685
10 years$7,248$6,551$5,915$5,335$4,808$3,897
11 years$6,522$5,832$5,207$4,643$4,135$3,270
12 years$5,917$5,234$4,621$4,073$3,584$2,763
13 years$5,406$4,730$4,129$3,596$3,125$2,349
14 years$4,968$4,300$3,710$3,192$2,739$2,005
15 years$4,589$3,928$3,349$2,847$2,412$1,719
16 years$4,258$3,604$3,037$2,549$2,132$1,478
17 years$3,966$3,319$2,763$2,290$1,890$1,275
18 years$3,706$3,067$2,523$2,064$1,681$1,102
19 years$3,474$2,842$2,309$1,865$1,498$954
20 years$3,266$2,641$2,119$1,689$1,338$828
21 years$3,078$2,460$1,949$1,533$1,197$719
22 years$2,907$2,297$1,797$1,394$1,073$626
23 years$2,751$2,148$1,659$1,269$963$545
24 years$2,609$2,012$1,534$1,158$866$475
25 years$2,478$1,889$1,421$1,057$779$414
26 years$2,357$1,775$1,318$967$702$362
27 years$2,245$1,670$1,224$885$633$316
28 years$2,142$1,574$1,138$811$571$276
29 years$2,046$1,485$1,059$743$516$241
30 years$1,956$1,402$986$682$466$211
31 years$1,873$1,326$919$627$421$185
32 years$1,794$1,254$858$576$381$162
33 years$1,721$1,188$801$530$345$142
34 years$1,652$1,126$748$487$312$124
35 years$1,587$1,068$700$449$283$109
36 years$1,526$1,014$654$413$256$95
37 years$1,469$963$613$381$232$83
38 years$1,414$915$574$351$211$73
39 years$1,363$870$537$323$191$64
40 years$1,314$828$504$298$173$56
41 years$1,268$788$472$275$157$49
42 years$1,223$750$443$254$143$43
43 years$1,182$715$416$235$129$38
44 years$1,142$681$390$217$117$33
45 years$1,104$650$366$200$107$29
46 years$1,068$620$344$185$97$26
47 years$1,033$592$323$171$88$22
48 years$1,000$565$304$158$80$20
49 years$968$539$286$146$72$17
50 years$938$515$269$135$66$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $961,000, adding $2,021 every year, while hoping to spend $54,262 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: 64/9/27 Blend
49$961,000$961,000$961,000$961,000
50$1,061,107$1,010,174$995,278$1,121,311
51$1,111,605$1,001,938$970,886$1,154,052
52$1,165,436$991,480$943,857$1,183,632
53$1,222,882$978,633$914,048$1,214,764
54$1,284,252$963,223$881,304$1,247,607
55$1,349,885$945,061$845,468$1,282,340
56$1,420,155$923,950$806,373$1,319,159
57$1,495,468$899,681$763,844$1,358,285
58$1,576,273$872,032$717,699$1,399,961
59$1,663,060$840,769$667,750$1,444,458
60$1,756,369$805,644$613,796$1,492,079
61$1,856,791$766,393$555,631$1,543,158
62$1,964,977$722,739$493,037$1,598,066
63$2,081,639$674,387$425,788$1,657,216
64$2,207,562$621,028$353,648$1,721,067
65$2,343,607$562,333$276,369$1,790,126
66$2,490,722$497,954$193,695$1,864,956
67$2,649,946$427,524$105,354$1,946,182
68$2,822,425$350,657$11,067$2,034,495
69$3,009,414$266,941$0$2,130,663
70$3,212,299$175,946$0$2,261,334
71$3,432,599$77,213$0$2,406,729
72$3,671,989$0$0$2,564,791
73$3,932,307$0$0$2,739,714
74$4,215,581$0$0$2,938,440
75$4,524,036$0$0$3,154,894
76$4,860,126$0$0$3,390,803
77$5,226,549$0$0$3,648,070
78$5,626,273$0$0$3,928,787
79$6,062,567$0$0$4,235,258
80$6,539,029$0$0$4,570,020
81$7,059,620$0$0$4,935,865
82$7,628,700$0$0$5,335,867
83$8,251,070$0$0$5,773,410
84$8,932,015$0$0$6,252,221
85$9,677,356$0$0$6,776,403
86$10,493,501$0$0$7,350,475
87$11,387,507$0$0$7,979,413
88$12,367,149$0$0$8,668,698
89$13,440,984$0$0$9,424,364
90$14,618,440$0$0$10,253,058
91$15,909,902$0$0$11,162,103
92$17,326,804$0$0$12,159,563
93$18,881,744$0$0$13,254,320
94$20,588,597$0$0$14,456,158
95$22,462,649$0$0$15,775,855
96$24,520,735$0$0$17,225,284
97$26,781,403$0$0$18,817,524
98$29,265,086$0$0$20,566,983
99$31,994,291$0$0$22,489,534
100$34,993,816$0$0$24,602,664