Can I retire at age 50 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$79,524$78,815$78,124$77,450$76,791$73,744
2 years$39,368$38,635$37,924$37,235$36,567$33,535
3 years$25,985$25,248$24,540$23,857$23,200$20,278
4 years$19,294$18,560$17,859$17,188$16,546$13,758
5 years$15,281$14,551$13,859$13,202$12,578$9,929
6 years$12,607$11,882$11,200$10,558$9,953$7,445
7 years$10,697$9,979$9,307$8,680$8,094$5,727
8 years$9,265$8,554$7,893$7,281$6,715$4,486
9 years$8,152$7,447$6,799$6,202$5,655$3,561
10 years$7,263$6,565$5,927$5,346$4,818$2,855
11 years$6,535$5,844$5,218$4,653$4,144$2,307
12 years$5,929$5,245$4,631$4,081$3,591$1,875
13 years$5,417$4,740$4,137$3,603$3,131$1,531
14 years$4,978$4,309$3,718$3,198$2,745$1,255
15 years$4,598$3,936$3,356$2,852$2,417$1,032
16 years$4,266$3,611$3,043$2,554$2,136$851
17 years$3,974$3,326$2,769$2,295$1,894$703
18 years$3,714$3,073$2,528$2,068$1,684$582
19 years$3,482$2,848$2,314$1,869$1,501$482
20 years$3,273$2,647$2,124$1,692$1,341$400
21 years$3,084$2,465$1,953$1,536$1,200$332
22 years$2,913$2,301$1,800$1,397$1,075$276
23 years$2,757$2,152$1,662$1,272$965$229
24 years$2,614$2,017$1,537$1,160$868$191
25 years$2,483$1,893$1,424$1,059$781$159
26 years$2,362$1,779$1,321$969$703$132
27 years$2,250$1,674$1,226$887$634$110
28 years$2,146$1,577$1,140$812$572$92
29 years$2,050$1,488$1,061$745$517$76
30 years$1,960$1,405$988$684$467$64
31 years$1,876$1,328$921$628$422$53
32 years$1,798$1,257$860$577$382$44
33 years$1,725$1,190$803$531$346$37
34 years$1,656$1,128$750$488$313$31
35 years$1,591$1,070$701$449$283$26
36 years$1,529$1,016$656$414$257$21
37 years$1,472$965$614$381$233$18
38 years$1,417$917$575$352$211$15
39 years$1,366$872$539$324$191$12
40 years$1,317$829$505$299$174$10
41 years$1,270$790$473$276$157$9
42 years$1,226$752$444$255$143$7
43 years$1,184$716$417$235$130$6
44 years$1,144$683$391$217$118$5
45 years$1,106$651$367$200$107$4
46 years$1,070$621$345$185$97$3
47 years$1,035$593$324$171$88$3
48 years$1,002$566$305$158$80$2
49 years$971$540$286$146$73$2
50 years$940$516$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $963,000, adding $6,622 every year, while hoping to spend $32,312 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: 57/35/8 Blend
49$963,000$963,000$963,000$963,000
50$1,068,057$1,017,018$1,002,091$1,126,607
51$1,142,619$1,032,472$1,001,281$1,182,263
52$1,223,703$1,047,600$999,362$1,238,675
53$1,311,941$1,062,353$996,261$1,299,348
54$1,408,027$1,076,676$991,903$1,364,692
55$1,512,725$1,090,513$986,211$1,435,160
56$1,626,877$1,103,801$979,103$1,511,249
57$1,751,407$1,116,476$970,492$1,593,512
58$1,887,335$1,128,468$960,288$1,682,555
59$2,035,782$1,139,702$948,396$1,779,046
60$2,197,982$1,150,098$934,718$1,883,725
61$2,375,296$1,159,572$919,150$1,997,406
62$2,569,218$1,168,034$901,584$2,120,986
63$2,781,398$1,175,386$881,907$2,255,456
64$3,013,648$1,181,528$859,999$2,401,908
65$3,267,968$1,186,351$835,736$2,561,547
66$3,546,556$1,189,737$808,988$2,735,701
67$3,851,836$1,191,565$779,621$2,925,837
68$4,186,475$1,191,704$747,490$3,133,571
69$4,553,413$1,190,015$712,448$3,360,685
70$4,955,886$1,186,351$674,340$3,609,146
71$5,397,459$1,180,555$633,003$3,881,122
72$5,882,059$1,172,461$588,268$4,179,005
73$6,414,010$1,161,893$539,957$4,505,432
74$6,998,079$1,148,665$487,884$4,863,314
75$7,639,512$1,132,579$431,858$5,255,858
76$8,344,091$1,113,424$371,674$5,686,602
77$9,118,187$1,090,980$307,123$6,159,448
78$9,968,814$1,065,010$237,984$6,678,699
79$10,903,704$1,035,266$164,027$7,249,100
80$11,931,371$1,001,484$85,012$7,875,884
81$13,061,198$963,384$687$8,564,821
82$14,303,522$920,672$0$9,322,274
83$15,669,731$873,034$0$10,162,882
84$17,172,371$820,140$0$11,087,317
85$18,825,266$761,641$0$12,104,074
86$20,643,649$697,166$0$13,222,587
87$22,644,300$626,326$0$14,453,251
88$24,845,709$548,707$0$15,807,532
89$27,268,251$463,874$0$17,298,064
90$29,934,373$371,364$0$18,938,780
91$32,868,809$270,691$0$20,745,038
92$36,098,813$161,340$0$22,733,767
93$39,654,416$42,769$0$24,923,632
94$43,568,706$0$0$27,335,206
95$47,878,144$0$0$30,024,136
96$52,622,905$0$0$33,002,934
97$57,847,260$0$0$36,282,934
98$63,599,989$0$0$39,894,776
99$69,934,844$0$0$43,872,222
100$76,911,055$0$0$48,252,475