Can I retire at age 50 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$80,102$79,388$78,692$78,013$77,349$74,516
2 years$39,654$38,916$38,200$37,506$36,833$34,010
3 years$26,174$25,432$24,718$24,030$23,368$20,644
4 years$19,435$18,695$17,988$17,313$16,666$14,063
5 years$15,392$14,657$13,960$13,298$12,670$10,192
6 years$12,698$11,969$11,282$10,634$10,025$7,676
7 years$10,775$10,051$9,375$8,743$8,153$5,932
8 years$9,333$8,616$7,951$7,334$6,764$4,669
9 years$8,212$7,502$6,848$6,247$5,696$3,724
10 years$7,315$6,612$5,970$5,385$4,853$3,001
11 years$6,583$5,887$5,256$4,687$4,174$2,437
12 years$5,972$5,283$4,665$4,111$3,617$1,992
13 years$5,456$4,775$4,168$3,629$3,154$1,636
14 years$5,015$4,340$3,745$3,222$2,765$1,348
15 years$4,632$3,965$3,381$2,873$2,434$1,115
16 years$4,297$3,638$3,065$2,573$2,152$925
17 years$4,003$3,350$2,789$2,311$1,908$768
18 years$3,741$3,096$2,546$2,083$1,696$640
19 years$3,507$2,869$2,331$1,882$1,512$533
20 years$3,297$2,666$2,139$1,705$1,350$445
21 years$3,107$2,483$1,968$1,547$1,209$372
22 years$2,934$2,318$1,814$1,407$1,083$311
23 years$2,777$2,168$1,674$1,281$972$260
24 years$2,633$2,031$1,549$1,168$874$218
25 years$2,501$1,906$1,434$1,067$786$182
26 years$2,379$1,792$1,330$976$708$153
27 years$2,266$1,686$1,235$893$639$128
28 years$2,162$1,589$1,148$818$576$107
29 years$2,065$1,499$1,069$750$520$90
30 years$1,975$1,415$995$689$470$76
31 years$1,890$1,338$928$632$425$63
32 years$1,811$1,266$866$581$385$53
33 years$1,737$1,199$808$535$348$45
34 years$1,668$1,136$755$492$315$37
35 years$1,602$1,078$706$453$285$31
36 years$1,541$1,023$661$417$259$26
37 years$1,482$972$618$384$234$22
38 years$1,427$923$579$354$212$19
39 years$1,375$878$542$326$193$16
40 years$1,326$835$508$301$175$13
41 years$1,279$795$477$278$159$11
42 years$1,235$757$447$256$144$9
43 years$1,193$722$420$237$131$8
44 years$1,152$688$394$219$119$7
45 years$1,114$656$370$202$108$5
46 years$1,078$626$347$186$98$5
47 years$1,043$597$326$172$89$4
48 years$1,009$570$307$159$81$3
49 years$978$544$288$147$73$3
50 years$947$520$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $970,000, adding $3,346 every year, while hoping to spend $48,156 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: 81/9/10 Blend
49$970,000$970,000$970,000$970,000
50$1,072,391$1,020,981$1,005,946$1,157,281
51$1,130,538$1,019,772$988,408$1,212,200
52$1,193,001$1,016,889$968,668$1,265,790
53$1,260,171$1,012,200$946,602$1,323,174
54$1,332,474$1,005,564$922,080$1,384,708
55$1,410,382$996,832$894,964$1,450,783
56$1,494,408$985,845$865,113$1,521,830
57$1,585,121$972,434$832,378$1,598,323
58$1,683,143$956,422$796,601$1,680,785
59$1,789,157$937,621$757,621$1,769,793
60$1,903,916$915,829$715,267$1,865,981
61$2,028,247$890,836$669,359$1,970,051
62$2,163,059$862,418$619,714$2,082,771
63$2,309,351$830,337$566,135$2,204,994
64$2,468,224$794,342$508,419$2,337,655
65$2,640,886$754,168$446,354$2,481,788
66$2,828,668$709,535$379,719$2,638,531
67$3,033,034$660,143$308,281$2,809,138
68$3,255,594$605,681$231,800$2,994,993
69$3,498,121$545,816$150,021$3,197,621
70$3,762,565$480,197$62,682$3,418,702
71$4,051,073$408,452$0$3,660,090
72$4,366,008$330,192$0$3,927,085
73$4,709,970$245,000$0$4,226,029
74$5,085,823$152,442$0$4,552,743
75$5,496,719$52,054$0$4,909,997
76$5,946,130$0$0$5,300,843
77$6,437,875$0$0$5,734,253
78$6,976,164$0$0$6,214,353
79$7,565,630$0$0$6,740,121
80$8,211,374$0$0$7,316,113
81$8,919,018$0$0$7,947,343
82$9,694,748$0$0$8,639,336
83$10,545,382$0$0$9,398,175
84$11,478,426$0$0$10,230,562
85$12,502,149$0$0$11,143,875
86$13,625,659$0$0$12,146,245
87$14,858,988$0$0$13,246,626
88$16,213,187$0$0$14,454,882
89$17,700,430$0$0$15,781,879
90$19,334,127$0$0$17,239,586
91$21,129,051$0$0$18,841,191
92$23,101,477$0$0$20,601,218
93$25,269,334$0$0$22,535,673
94$27,652,375$0$0$24,662,185
95$30,272,362$0$0$27,000,180
96$33,153,269$0$0$29,571,057
97$36,321,513$0$0$32,398,395
98$39,806,196$0$0$35,508,171
99$43,639,383$0$0$38,929,006
100$47,856,403$0$0$42,692,434