Can I retire at age 50 with 971,000?

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 $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%13.2%
1 years$80,184$79,470$78,773$78,093$77,429$76,398
2 years$39,695$38,956$38,239$37,545$36,871$35,834
3 years$26,201$25,458$24,743$24,055$23,392$22,382
4 years$19,455$18,714$18,007$17,330$16,684$15,707
5 years$15,408$14,672$13,974$13,311$12,683$11,743
6 years$12,711$11,981$11,293$10,645$10,035$9,133
7 years$10,786$10,062$9,385$8,752$8,161$7,298
8 years$9,342$8,625$7,959$7,342$6,771$5,945
9 years$8,220$7,509$6,855$6,254$5,702$4,914
10 years$7,323$6,619$5,976$5,391$4,858$4,108
11 years$6,589$5,893$5,261$4,692$4,178$3,464
12 years$5,979$5,289$4,669$4,115$3,621$2,942
13 years$5,462$4,780$4,172$3,633$3,157$2,514
14 years$5,020$4,345$3,748$3,225$2,768$2,158
15 years$4,637$3,969$3,384$2,876$2,437$1,860
16 years$4,302$3,641$3,068$2,575$2,154$1,608
17 years$4,007$3,354$2,792$2,314$1,910$1,395
18 years$3,745$3,099$2,549$2,085$1,698$1,213
19 years$3,511$2,872$2,333$1,884$1,513$1,056
20 years$3,300$2,669$2,141$1,707$1,352$922
21 years$3,110$2,486$1,970$1,549$1,210$806
22 years$2,937$2,320$1,815$1,408$1,084$705
23 years$2,780$2,170$1,676$1,282$973$618
24 years$2,636$2,033$1,550$1,170$875$542
25 years$2,503$1,908$1,436$1,068$787$476
26 years$2,381$1,793$1,332$977$709$418
27 years$2,269$1,688$1,237$894$639$368
28 years$2,164$1,590$1,150$819$577$323
29 years$2,067$1,500$1,070$751$521$285
30 years$1,977$1,417$996$689$471$251
31 years$1,892$1,339$929$633$426$221
32 years$1,813$1,267$867$582$385$194
33 years$1,739$1,200$809$535$348$171
34 years$1,669$1,138$756$492$315$151
35 years$1,604$1,079$707$453$286$133
36 years$1,542$1,024$661$417$259$118
37 years$1,484$973$619$385$235$104
38 years$1,429$924$580$354$213$91
39 years$1,377$879$543$327$193$81
40 years$1,328$836$509$301$175$71
41 years$1,281$796$477$278$159$63
42 years$1,236$758$448$257$144$56
43 years$1,194$722$420$237$131$49
44 years$1,154$689$394$219$119$43
45 years$1,115$657$370$202$108$38
46 years$1,079$626$348$187$98$34
47 years$1,044$598$327$172$89$30
48 years$1,010$571$307$159$81$26
49 years$979$545$289$147$73$23
50 years$948$521$271$136$67$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $971,000, adding $3,348 every year, while hoping to spend $59,390 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: 38/49/13 Blend
49$971,000$971,000$971,000$971,000
50$1,073,495$1,022,032$1,006,982$1,109,933
51$1,119,801$1,008,922$977,525$1,123,101
52$1,168,840$993,178$945,091$1,131,320
53$1,220,828$974,609$909,518$1,138,904
54$1,276,000$953,013$870,635$1,145,825
55$1,334,615$928,174$828,264$1,152,058
56$1,396,956$899,864$782,221$1,157,577
57$1,463,331$867,843$732,311$1,162,364
58$1,534,079$831,856$678,331$1,166,400
59$1,609,570$791,631$620,070$1,169,675
60$1,690,210$746,885$557,306$1,172,183
61$1,776,443$697,315$489,808$1,173,922
62$1,868,759$642,601$417,335$1,174,902
63$1,967,690$582,407$339,634$1,175,139
64$2,073,825$516,375$256,442$1,174,659
65$2,187,807$444,129$167,484$1,173,503
66$2,310,342$365,270$72,474$1,171,723
67$2,442,206$279,377$0$1,169,386
68$2,584,250$186,006$0$1,170,592
69$2,737,411$84,688$0$1,182,424
70$2,902,716$0$0$1,194,995
71$3,081,293$0$0$1,222,027
72$3,274,384$0$0$1,300,734
73$3,483,352$0$0$1,386,023
74$3,709,698$0$0$1,478,518
75$3,955,068$0$0$1,578,908
76$4,221,276$0$0$1,687,950
77$4,510,315$0$0$1,806,476
78$4,824,378$0$0$1,935,402
79$5,165,876$0$0$2,075,735
80$5,537,464$0$0$2,228,584
81$5,942,061$0$0$2,395,169
82$6,382,880$0$0$2,576,832
83$6,863,456$0$0$2,775,052
84$7,387,681$0$0$2,991,455
85$7,959,837$0$0$3,227,832
86$8,584,640$0$0$3,486,154
87$9,267,279$0$0$3,768,590
88$10,013,468$0$0$4,077,530
89$10,829,498$0$0$4,415,606
90$11,722,294$0$0$4,785,714
91$12,699,483$0$0$5,191,043
92$13,769,463$0$0$5,635,108
93$14,941,483$0$0$6,121,777
94$16,225,725$0$0$6,655,310
95$17,633,407$0$0$7,240,400
96$19,176,881$0$0$7,882,217
97$20,869,753$0$0$8,586,453
98$22,727,008$0$0$9,359,378
99$24,765,152$0$0$10,207,901
100$27,002,366$0$0$11,139,630