Can I retire at age 50 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$79,689$78,979$78,286$77,610$76,950$74,547
2 years$39,450$38,715$38,003$37,313$36,643$34,243
3 years$26,039$25,301$24,591$23,907$23,248$20,926
4 years$19,334$18,599$17,896$17,223$16,581$14,356
5 years$15,313$14,582$13,888$13,229$12,604$10,482
6 years$12,633$11,907$11,223$10,580$9,973$7,955
7 years$10,719$9,999$9,327$8,698$8,111$6,197
8 years$9,285$8,571$7,910$7,297$6,729$4,918
9 years$8,169$7,463$6,813$6,215$5,667$3,956
10 years$7,278$6,578$5,939$5,357$4,828$3,216
11 years$6,549$5,856$5,229$4,663$4,152$2,636
12 years$5,942$5,256$4,641$4,090$3,598$2,174
13 years$5,428$4,750$4,146$3,611$3,138$1,803
14 years$4,989$4,318$3,725$3,205$2,751$1,501
15 years$4,608$3,944$3,363$2,858$2,422$1,254
16 years$4,275$3,619$3,049$2,559$2,141$1,050
17 years$3,982$3,333$2,775$2,300$1,898$882
18 years$3,722$3,080$2,533$2,072$1,688$742
19 years$3,489$2,854$2,319$1,873$1,504$625
20 years$3,280$2,652$2,128$1,696$1,344$527
21 years$3,091$2,470$1,958$1,539$1,202$445
22 years$2,919$2,306$1,804$1,399$1,078$376
23 years$2,763$2,157$1,666$1,275$967$318
24 years$2,619$2,021$1,541$1,162$870$269
25 years$2,488$1,896$1,427$1,062$782$228
26 years$2,367$1,782$1,323$971$705$193
27 years$2,255$1,677$1,229$888$635$164
28 years$2,151$1,581$1,142$814$573$139
29 years$2,054$1,491$1,063$746$518$118
30 years$1,964$1,408$990$685$468$100
31 years$1,880$1,331$923$629$423$85
32 years$1,802$1,260$861$578$383$72
33 years$1,728$1,193$804$532$346$61
34 years$1,659$1,131$751$489$313$52
35 years$1,594$1,072$703$450$284$44
36 years$1,533$1,018$657$415$257$37
37 years$1,475$967$615$382$233$32
38 years$1,420$919$576$352$211$27
39 years$1,368$874$540$325$192$23
40 years$1,319$831$506$300$174$19
41 years$1,273$791$474$276$158$17
42 years$1,229$753$445$255$143$14
43 years$1,187$718$418$235$130$12
44 years$1,147$684$392$217$118$10
45 years$1,108$653$368$201$107$9
46 years$1,072$623$346$185$97$7
47 years$1,037$594$325$171$88$6
48 years$1,004$567$305$158$80$5
49 years$973$542$287$146$73$4
50 years$942$517$270$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $965,000, adding $3,703 every year, while hoping to spend $20,877 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: 82/8/10 Blend
49$965,000$965,000$965,000$965,000
50$1,067,250$1,016,105$1,001,147$1,152,802
51$1,153,896$1,043,681$1,012,473$1,236,951
52$1,248,681$1,071,908$1,023,478$1,326,172
53$1,352,412$1,100,798$1,034,130$1,423,498
54$1,465,979$1,130,358$1,044,394$1,529,731
55$1,590,362$1,160,598$1,054,235$1,645,753
56$1,726,640$1,191,529$1,063,613$1,772,537
57$1,876,001$1,223,158$1,072,488$1,911,151
58$2,039,754$1,255,494$1,080,817$2,062,776
59$2,219,341$1,288,544$1,088,556$2,228,710
60$2,416,349$1,322,318$1,095,658$2,410,384
61$2,632,527$1,356,822$1,102,072$2,609,374
62$2,869,800$1,392,062$1,107,748$2,827,414
63$3,130,292$1,428,045$1,112,629$3,066,418
64$3,416,338$1,464,775$1,116,658$3,328,492
65$3,730,514$1,502,259$1,119,776$3,615,957
66$4,075,655$1,540,499$1,121,918$3,931,369
67$4,454,887$1,579,498$1,123,017$4,277,546
68$4,871,651$1,619,259$1,123,004$4,657,591
69$5,329,740$1,659,783$1,121,804$5,074,923
70$5,833,331$1,701,070$1,119,342$5,533,309
71$6,387,027$1,743,118$1,115,536$6,036,901
72$6,995,898$1,785,926$1,110,302$6,590,272
73$7,665,533$1,829,490$1,103,550$7,198,460
74$8,402,086$1,873,803$1,095,188$7,867,019
75$9,212,339$1,918,860$1,085,117$8,602,067
76$10,103,766$1,964,652$1,073,236$9,410,344
77$11,084,598$2,011,169$1,059,438$10,299,280
78$12,163,909$2,058,397$1,043,610$11,277,058
79$13,351,692$2,106,323$1,025,636$12,352,698
80$14,658,962$2,154,930$1,005,392$13,536,137
81$16,097,854$2,204,199$982,750$14,838,328
82$17,681,738$2,254,108$957,575$16,271,337
83$19,425,348$2,304,633$929,727$17,848,462
84$21,344,919$2,355,745$899,059$19,584,354
85$23,458,339$2,407,415$865,415$21,495,161
86$25,785,319$2,459,608$828,636$23,598,675
87$28,347,580$2,512,286$788,554$25,914,502
88$31,169,054$2,565,409$744,991$28,464,249
89$34,276,114$2,618,931$697,765$31,271,724
90$37,697,820$2,672,802$646,683$34,363,163
91$41,466,195$2,726,966$591,544$37,767,478
92$45,616,525$2,781,366$532,139$41,516,528
93$50,187,694$2,835,935$468,248$45,645,421
94$55,222,547$2,890,605$399,643$50,192,848
95$60,768,300$2,945,298$326,085$55,201,441
96$66,876,981$2,999,932$247,323$60,718,184
97$73,605,923$3,054,418$163,098$66,794,849
98$81,018,302$3,108,660$73,137$73,488,491
99$89,183,738$3,162,554$0$80,861,982
100$98,178,949$3,215,988$0$88,987,048