Can I retire at age 50 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$79,937$79,225$78,530$77,852$77,190$74,629
2 years$39,573$38,836$38,121$37,429$36,757$34,202
3 years$26,120$25,379$24,667$23,981$23,320$20,851
4 years$19,395$18,657$17,951$17,277$16,632$14,268
5 years$15,360$14,627$13,931$13,270$12,643$10,390
6 years$12,672$11,944$11,258$10,612$10,004$7,864
7 years$10,752$10,031$9,356$8,725$8,136$6,109
8 years$9,313$8,598$7,934$7,319$6,750$4,833
9 years$8,195$7,486$6,834$6,234$5,684$3,877
10 years$7,300$6,599$5,958$5,374$4,843$3,142
11 years$6,569$5,874$5,245$4,677$4,165$2,567
12 years$5,960$5,273$4,655$4,102$3,610$2,110
13 years$5,445$4,765$4,159$3,622$3,148$1,743
14 years$5,004$4,331$3,737$3,215$2,759$1,446
15 years$4,622$3,957$3,374$2,867$2,429$1,204
16 years$4,289$3,630$3,059$2,567$2,147$1,005
17 years$3,994$3,343$2,783$2,307$1,904$841
18 years$3,733$3,089$2,541$2,079$1,693$704
19 years$3,500$2,863$2,326$1,878$1,509$591
20 years$3,290$2,660$2,135$1,701$1,348$497
21 years$3,100$2,478$1,964$1,544$1,206$418
22 years$2,928$2,313$1,810$1,404$1,081$352
23 years$2,771$2,164$1,671$1,278$970$297
24 years$2,628$2,027$1,545$1,166$872$250
25 years$2,496$1,902$1,431$1,065$785$211
26 years$2,374$1,788$1,327$974$707$178
27 years$2,262$1,683$1,233$891$637$150
28 years$2,157$1,586$1,146$817$575$127
29 years$2,061$1,496$1,066$749$519$107
30 years$1,970$1,413$993$687$469$91
31 years$1,886$1,335$926$631$424$77
32 years$1,807$1,264$864$580$384$65
33 years$1,734$1,197$807$533$347$55
34 years$1,664$1,134$754$491$314$46
35 years$1,599$1,076$705$452$285$39
36 years$1,537$1,021$659$416$258$33
37 years$1,479$970$617$383$234$28
38 years$1,425$922$578$353$212$24
39 years$1,373$876$541$326$192$20
40 years$1,323$834$507$301$174$17
41 years$1,277$794$476$277$158$14
42 years$1,232$756$446$256$144$12
43 years$1,190$720$419$236$130$10
44 years$1,150$686$393$218$118$9
45 years$1,112$655$369$201$107$7
46 years$1,075$624$347$186$97$6
47 years$1,041$596$326$172$89$5
48 years$1,007$569$306$159$80$4
49 years$976$543$288$147$73$4
50 years$945$519$270$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $968,000, adding $2,663 every year, while hoping to spend $53,698 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: 53/42/5 Blend
49$968,000$968,000$968,000$968,000
50$1,069,483$1,018,179$1,003,175$1,124,861
51$1,121,436$1,010,935$979,647$1,155,367
52$1,176,888$1,001,537$953,531$1,182,402
53$1,236,141$989,822$924,684$1,210,498
54$1,299,522$975,618$892,956$1,239,765
55$1,367,392$958,743$858,189$1,270,325
56$1,440,148$939,003$820,221$1,302,316
57$1,518,224$916,195$778,878$1,335,892
58$1,602,095$890,101$733,983$1,371,227
59$1,692,286$860,493$685,348$1,408,516
60$1,789,369$827,127$632,777$1,447,977
61$1,893,975$789,747$576,066$1,489,856
62$2,006,797$748,081$515,001$1,534,425
63$2,128,596$701,842$449,359$1,581,992
64$2,260,206$650,726$378,906$1,632,899
65$2,402,548$594,412$303,400$1,687,528
66$2,556,630$532,561$222,587$1,746,306
67$2,723,563$464,813$136,200$1,809,711
68$2,904,567$390,789$43,963$1,878,274
69$3,100,984$310,089$0$1,952,588
70$3,314,290$222,289$0$2,036,218
71$3,546,109$126,943$0$2,129,687
72$3,798,228$23,579$0$2,231,481
73$4,072,610$0$0$2,342,529
74$4,371,419$0$0$2,504,673
75$4,697,034$0$0$2,693,324
76$5,052,072$0$0$2,899,112
77$5,439,417$0$0$3,123,719
78$5,862,240$0$0$3,368,997
79$6,324,033$0$0$3,636,982
80$6,828,640$0$0$3,929,919
81$7,380,293$0$0$4,250,277
82$7,983,651$0$0$4,600,777
83$8,643,845$0$0$4,984,411
84$9,366,523$0$0$5,404,479
85$10,157,905$0$0$5,864,611
86$11,024,843$0$0$6,368,806
87$11,974,880$0$0$6,921,468
88$13,016,323$0$0$7,527,447
89$14,158,325$0$0$8,192,086
90$15,410,961$0$0$8,921,268
91$16,785,335$0$0$9,721,476
92$18,293,671$0$0$10,599,846
93$19,949,439$0$0$11,564,245
94$21,767,475$0$0$12,623,333
95$23,764,121$0$0$13,786,653
96$25,957,380$0$0$15,064,718
97$28,367,085$0$0$16,469,108
98$31,015,085$0$0$18,012,581
99$33,925,449$0$0$19,709,193
100$37,124,696$0$0$21,574,427