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%14.9%
1 years$80,184$79,470$78,773$78,093$77,429$75,866
2 years$39,695$38,956$38,239$37,545$36,871$35,303
3 years$26,201$25,458$24,743$24,055$23,392$21,868
4 years$19,455$18,714$18,007$17,330$16,684$15,215
5 years$15,408$14,672$13,974$13,311$12,683$11,274
6 years$12,711$11,981$11,293$10,645$10,035$8,689
7 years$10,786$10,062$9,385$8,752$8,161$6,876
8 years$9,342$8,625$7,959$7,342$6,771$5,547
9 years$8,220$7,509$6,855$6,254$5,702$4,539
10 years$7,323$6,619$5,976$5,391$4,858$3,755
11 years$6,589$5,893$5,261$4,692$4,178$3,133
12 years$5,979$5,289$4,669$4,115$3,621$2,632
13 years$5,462$4,780$4,172$3,633$3,157$2,224
14 years$5,020$4,345$3,748$3,225$2,768$1,887
15 years$4,637$3,969$3,384$2,876$2,437$1,608
16 years$4,302$3,641$3,068$2,575$2,154$1,374
17 years$4,007$3,354$2,792$2,314$1,910$1,177
18 years$3,745$3,099$2,549$2,085$1,698$1,011
19 years$3,511$2,872$2,333$1,884$1,513$870
20 years$3,300$2,669$2,141$1,707$1,352$749
21 years$3,110$2,486$1,970$1,549$1,210$647
22 years$2,937$2,320$1,815$1,408$1,084$559
23 years$2,780$2,170$1,676$1,282$973$483
24 years$2,636$2,033$1,550$1,170$875$418
25 years$2,503$1,908$1,436$1,068$787$362
26 years$2,381$1,793$1,332$977$709$314
27 years$2,269$1,688$1,237$894$639$272
28 years$2,164$1,590$1,150$819$577$236
29 years$2,067$1,500$1,070$751$521$205
30 years$1,977$1,417$996$689$471$178
31 years$1,892$1,339$929$633$426$155
32 years$1,813$1,267$867$582$385$134
33 years$1,739$1,200$809$535$348$117
34 years$1,669$1,138$756$492$315$101
35 years$1,604$1,079$707$453$286$88
36 years$1,542$1,024$661$417$259$77
37 years$1,484$973$619$385$235$67
38 years$1,429$924$580$354$213$58
39 years$1,377$879$543$327$193$50
40 years$1,328$836$509$301$175$44
41 years$1,281$796$477$278$159$38
42 years$1,236$758$448$257$144$33
43 years$1,194$722$420$237$131$29
44 years$1,154$689$394$219$119$25
45 years$1,115$657$370$202$108$22
46 years$1,079$626$348$187$98$19
47 years$1,044$598$327$172$89$17
48 years$1,010$571$307$159$81$14
49 years$979$545$289$147$73$13
50 years$948$521$271$136$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $971,000, adding $6,325 every year, while hoping to spend $42,442 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: 56/26/18 Blend
49$971,000$971,000$971,000$971,000
50$1,076,566$1,025,103$1,010,053$1,131,362
51$1,141,218$1,030,175$998,732$1,174,460
52$1,211,042$1,034,073$985,609$1,216,279
53$1,286,520$1,036,695$970,579$1,260,889
54$1,368,184$1,037,932$953,532$1,308,566
55$1,456,617$1,037,669$934,353$1,359,618
56$1,552,459$1,035,782$912,921$1,414,385
57$1,656,416$1,032,141$889,110$1,473,242
58$1,769,263$1,026,609$862,788$1,536,607
59$1,891,853$1,019,038$833,817$1,604,940
60$2,025,124$1,009,273$802,052$1,678,750
61$2,170,109$997,149$767,342$1,758,602
62$2,327,942$982,492$729,531$1,845,119
63$2,499,874$965,115$688,451$1,938,992
64$2,687,278$944,823$643,932$2,040,984
65$2,891,669$921,408$595,792$2,151,937
66$3,114,712$894,650$543,844$2,272,786
67$3,358,241$864,315$487,890$2,404,562
68$3,624,272$830,158$427,726$2,548,404
69$3,915,029$791,917$363,136$2,705,574
70$4,232,958$749,316$293,896$2,877,463
71$4,580,750$702,064$219,773$3,065,610
72$4,961,373$649,851$140,521$3,271,717
73$5,378,090$592,351$55,886$3,497,662
74$5,834,499$529,220$0$3,745,520
75$6,334,558$460,092$0$4,024,198
76$6,882,629$384,583$0$4,341,500
77$7,483,515$302,284$0$4,689,532
78$8,142,505$212,768$0$5,071,442
79$8,865,425$115,578$0$5,490,701
80$9,658,694$10,237$0$5,951,139
81$10,529,379$0$0$6,456,979
82$11,485,267$0$0$7,042,567
83$12,534,936$0$0$7,688,914
84$13,687,833$0$0$8,398,920
85$14,954,367$0$0$9,179,008
86$16,346,005$0$0$10,036,252
87$17,875,377$0$0$10,978,446
88$19,556,401$0$0$12,014,176
89$21,404,409$0$0$13,152,903
90$23,436,290$0$0$14,405,048
91$25,670,656$0$0$15,782,094
92$28,128,008$0$0$17,296,692
93$30,830,937$0$0$18,962,781
94$33,804,332$0$0$20,795,719
95$37,075,615$0$0$22,812,426
96$40,675,002$0$0$25,031,548
97$44,635,782$0$0$27,473,626
98$48,994,638$0$0$30,161,295
99$53,791,986$0$0$33,119,494
100$59,072,361$0$0$36,375,706