Can I retire at age 50 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$79,854$79,143$78,449$77,771$77,110$74,642
2 years$39,532$38,795$38,082$37,390$36,719$34,255
3 years$26,093$25,353$24,642$23,956$23,296$20,914
4 years$19,374$18,637$17,933$17,259$16,615$14,332
5 years$15,345$14,612$13,917$13,257$12,630$10,454
6 years$12,659$11,932$11,247$10,601$9,994$7,925
7 years$10,741$10,020$9,346$8,716$8,128$6,167
8 years$9,304$8,589$7,926$7,312$6,743$4,888
9 years$8,186$7,478$6,827$6,228$5,678$3,928
10 years$7,293$6,592$5,952$5,369$4,838$3,189
11 years$6,562$5,868$5,240$4,672$4,161$2,610
12 years$5,954$5,267$4,650$4,098$3,606$2,150
13 years$5,440$4,760$4,155$3,618$3,144$1,780
14 years$4,999$4,327$3,733$3,212$2,756$1,480
15 years$4,618$3,952$3,370$2,864$2,427$1,235
16 years$4,284$3,626$3,056$2,565$2,145$1,033
17 years$3,990$3,340$2,781$2,304$1,902$866
18 years$3,729$3,086$2,538$2,077$1,691$727
19 years$3,496$2,860$2,324$1,876$1,507$612
20 years$3,287$2,658$2,133$1,699$1,346$515
21 years$3,097$2,476$1,962$1,542$1,205$434
22 years$2,925$2,311$1,808$1,402$1,080$367
23 years$2,768$2,161$1,669$1,277$969$310
24 years$2,625$2,025$1,544$1,165$871$262
25 years$2,493$1,900$1,430$1,064$784$221
26 years$2,372$1,786$1,326$973$706$187
27 years$2,259$1,681$1,231$890$637$159
28 years$2,155$1,584$1,145$816$575$134
29 years$2,059$1,494$1,065$748$519$114
30 years$1,968$1,411$992$687$469$96
31 years$1,884$1,334$925$631$424$82
32 years$1,806$1,262$863$579$383$69
33 years$1,732$1,195$806$533$347$59
34 years$1,662$1,133$753$490$314$50
35 years$1,597$1,075$704$451$285$42
36 years$1,536$1,020$659$416$258$36
37 years$1,478$969$616$383$234$30
38 years$1,423$921$577$353$212$26
39 years$1,371$875$541$325$192$22
40 years$1,322$833$507$300$174$18
41 years$1,275$793$475$277$158$16
42 years$1,231$755$446$256$143$13
43 years$1,189$719$418$236$130$11
44 years$1,149$686$393$218$118$10
45 years$1,111$654$369$201$107$8
46 years$1,074$624$346$186$97$7
47 years$1,040$595$325$172$88$6
48 years$1,006$568$306$159$80$5
49 years$975$543$287$147$73$4
50 years$944$518$270$136$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $967,000, adding $6,064 every year, while hoping to spend $39,102 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: 65/19/16 Blend
49$967,000$967,000$967,000$967,000
50$1,071,889$1,020,638$1,005,650$1,137,005
51$1,139,617$1,029,045$997,735$1,189,761
52$1,212,944$1,036,554$988,244$1,242,318
53$1,292,397$1,043,078$977,083$1,298,795
54$1,378,561$1,048,528$964,155$1,359,575
55$1,472,075$1,052,806$949,355$1,425,081
56$1,573,644$1,055,811$932,575$1,495,779
57$1,684,042$1,057,433$913,703$1,572,184
58$1,804,122$1,057,555$892,620$1,654,863
59$1,934,823$1,056,055$869,203$1,744,445
60$2,077,175$1,052,802$843,322$1,841,619
61$2,232,315$1,047,657$814,841$1,947,151
62$2,401,491$1,040,473$783,619$2,061,882
63$2,586,081$1,031,093$749,507$2,186,743
64$2,787,597$1,019,353$712,352$2,322,759
65$3,007,707$1,005,076$671,990$2,471,062
66$3,248,244$988,076$628,253$2,632,903
67$3,511,230$968,157$580,964$2,809,658
68$3,798,887$945,108$529,939$3,002,851
69$4,113,665$918,710$474,983$3,214,157
70$4,458,261$888,729$415,897$3,445,430
71$4,835,642$854,915$352,468$3,698,712
72$5,249,080$817,008$284,478$3,976,257
73$5,702,175$774,730$211,697$4,280,550
74$6,198,892$727,788$133,884$4,614,336
75$6,743,600$675,870$50,791$4,980,639
76$7,341,110$618,651$0$5,382,797
77$7,996,720$555,781$0$5,830,960
78$8,716,267$486,896$0$6,332,394
79$9,506,180$411,608$0$6,882,948
80$10,373,541$329,507$0$7,487,611
81$11,326,152$240,163$0$8,151,887
82$12,372,606$143,117$0$8,881,839
83$13,522,370$37,888$0$9,684,153
84$14,785,875$0$0$10,566,198
85$16,174,610$0$0$11,551,993
86$17,701,235$0$0$12,644,447
87$19,379,695$0$0$13,845,627
88$21,225,355$0$0$15,166,537
89$23,255,144$0$0$16,619,304
90$25,487,712$0$0$18,217,285
91$27,943,610$0$0$19,975,198
92$30,645,478$0$0$21,909,260
93$33,618,262$0$0$24,037,340
94$36,889,450$0$0$26,379,124
95$40,489,325$0$0$28,956,304
96$44,451,258$0$0$31,792,781
97$48,812,017$0$0$34,914,891
98$53,612,115$0$0$38,351,653
99$58,896,194$0$0$42,135,041
100$64,713,441$0$0$46,300,288