Can I retire at age 50 with 971,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$80,184$79,470$78,773$78,093$77,429$76,941
2 years$39,695$38,956$38,239$37,545$36,871$36,379
3 years$26,201$25,458$24,743$24,055$23,392$22,911
4 years$19,455$18,714$18,007$17,330$16,684$16,217
5 years$15,408$14,672$13,974$13,311$12,683$12,232
6 years$12,711$11,981$11,293$10,645$10,035$9,602
7 years$10,786$10,062$9,385$8,752$8,161$7,744
8 years$9,342$8,625$7,959$7,342$6,771$6,371
9 years$8,220$7,509$6,855$6,254$5,702$5,319
10 years$7,323$6,619$5,976$5,391$4,858$4,492
11 years$6,589$5,893$5,261$4,692$4,178$3,828
12 years$5,979$5,289$4,669$4,115$3,621$3,286
13 years$5,462$4,780$4,172$3,633$3,157$2,839
14 years$5,020$4,345$3,748$3,225$2,768$2,464
15 years$4,637$3,969$3,384$2,876$2,437$2,149
16 years$4,302$3,641$3,068$2,575$2,154$1,880
17 years$4,007$3,354$2,792$2,314$1,910$1,650
18 years$3,745$3,099$2,549$2,085$1,698$1,452
19 years$3,511$2,872$2,333$1,884$1,513$1,280
20 years$3,300$2,669$2,141$1,707$1,352$1,131
21 years$3,110$2,486$1,970$1,549$1,210$1,002
22 years$2,937$2,320$1,815$1,408$1,084$888
23 years$2,780$2,170$1,676$1,282$973$788
24 years$2,636$2,033$1,550$1,170$875$700
25 years$2,503$1,908$1,436$1,068$787$623
26 years$2,381$1,793$1,332$977$709$555
27 years$2,269$1,688$1,237$894$639$494
28 years$2,164$1,590$1,150$819$577$441
29 years$2,067$1,500$1,070$751$521$393
30 years$1,977$1,417$996$689$471$351
31 years$1,892$1,339$929$633$426$314
32 years$1,813$1,267$867$582$385$280
33 years$1,739$1,200$809$535$348$251
34 years$1,669$1,138$756$492$315$224
35 years$1,604$1,079$707$453$286$200
36 years$1,542$1,024$661$417$259$179
37 years$1,484$973$619$385$235$161
38 years$1,429$924$580$354$213$144
39 years$1,377$879$543$327$193$129
40 years$1,328$836$509$301$175$115
41 years$1,281$796$477$278$159$103
42 years$1,236$758$448$257$144$92
43 years$1,194$722$420$237$131$83
44 years$1,154$689$394$219$119$74
45 years$1,115$657$370$202$108$66
46 years$1,079$626$348$187$98$60
47 years$1,044$598$327$172$89$53
48 years$1,010$571$307$159$81$48
49 years$979$545$289$147$73$43
50 years$948$521$271$136$67$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $971,000, adding $3,020 every year, while hoping to spend $32,277 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: 51/21/28 Blend
49$971,000$971,000$971,000$971,000
50$1,073,157$1,021,694$1,006,644$1,119,284
51$1,148,277$1,037,415$1,006,024$1,167,472
52$1,229,977$1,052,824$1,004,301$1,216,362
53$1,318,894$1,067,872$1,001,405$1,268,893
54$1,415,730$1,082,507$997,261$1,325,424
55$1,521,256$1,096,671$991,791$1,386,354
56$1,636,321$1,110,305$984,913$1,452,123
57$1,761,860$1,123,343$976,541$1,523,219
58$1,898,900$1,135,718$966,586$1,600,177
59$2,048,574$1,147,354$954,953$1,683,590
60$2,212,129$1,158,175$941,544$1,774,114
61$2,390,936$1,168,096$926,256$1,872,471
62$2,586,507$1,177,027$908,980$1,979,460
63$2,800,504$1,184,875$889,604$2,095,961
64$3,034,759$1,191,537$868,010$2,222,948
65$3,291,289$1,196,907$844,073$2,361,495
66$3,572,315$1,200,871$817,664$2,512,788
67$3,880,283$1,203,305$788,648$2,678,136
68$4,217,888$1,204,083$756,883$2,858,983
69$4,588,095$1,203,065$722,221$3,056,923
70$4,994,172$1,200,107$684,508$3,273,717
71$5,439,720$1,195,055$643,580$3,511,307
72$5,928,701$1,187,743$599,271$3,771,836
73$6,465,484$1,177,997$551,402$4,057,668
74$7,054,879$1,165,634$499,789$4,371,414
75$7,702,184$1,150,458$444,239$4,715,953
76$8,413,237$1,132,261$384,552$5,094,461
77$9,194,469$1,110,823$320,515$5,510,444
78$10,052,963$1,085,912$251,911$5,967,768
79$10,996,524$1,057,280$178,509$6,470,699
80$12,033,751$1,024,668$100,071$7,023,943
81$13,174,116$987,799$16,345$7,632,691
82$14,428,055$946,380$0$8,302,668
83$15,807,066$900,103$0$9,062,002
84$17,323,818$848,639$0$9,902,474
85$18,992,268$791,643$0$10,826,966
86$20,827,795$728,749$0$11,844,037
87$22,847,342$659,570$0$12,963,127
88$25,069,579$583,697$0$14,194,635
89$27,515,077$500,699$0$15,550,028
90$30,206,500$410,118$0$17,041,943
91$33,168,822$311,473$0$18,684,307
92$36,429,560$204,254$0$20,492,474
93$40,019,036$87,923$0$22,483,364
94$43,970,658$0$0$24,675,630
95$48,321,241$0$0$27,098,629
96$53,111,349$0$0$29,788,911
97$58,385,680$0$0$32,751,277
98$64,193,488$0$0$36,013,408
99$70,589,044$0$0$39,605,803
100$77,632,154$0$0$43,562,072