Can I retire at age 50 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$80,267$79,552$78,854$78,173$77,509$75,239
2 years$39,736$38,996$38,279$37,583$36,909$34,640
3 years$26,228$25,484$24,769$24,080$23,417$21,220
4 years$19,475$18,734$18,025$17,348$16,701$14,594
5 years$15,424$14,687$13,988$13,325$12,696$10,684
6 years$12,724$11,993$11,305$10,656$10,046$8,131
7 years$10,797$10,072$9,394$8,761$8,170$6,352
8 years$9,352$8,634$7,967$7,349$6,778$5,056
9 years$8,229$7,517$6,862$6,260$5,708$4,080
10 years$7,330$6,626$5,983$5,396$4,863$3,327
11 years$6,596$5,899$5,267$4,696$4,183$2,736
12 years$5,985$5,294$4,674$4,119$3,625$2,264
13 years$5,468$4,785$4,176$3,637$3,161$1,883
14 years$5,025$4,349$3,752$3,228$2,771$1,573
15 years$4,641$3,973$3,388$2,879$2,439$1,319
16 years$4,306$3,645$3,072$2,578$2,156$1,109
17 years$4,011$3,357$2,795$2,316$1,912$934
18 years$3,749$3,102$2,551$2,087$1,700$789
19 years$3,514$2,875$2,336$1,886$1,515$667
20 years$3,304$2,671$2,144$1,708$1,353$565
21 years$3,113$2,488$1,972$1,550$1,211$479
22 years$2,940$2,323$1,817$1,410$1,086$406
23 years$2,783$2,172$1,678$1,284$974$345
24 years$2,638$2,035$1,552$1,171$876$293
25 years$2,506$1,910$1,437$1,069$788$250
26 years$2,384$1,795$1,333$978$710$212
27 years$2,271$1,690$1,238$895$640$181
28 years$2,166$1,592$1,151$820$578$154
29 years$2,069$1,502$1,071$752$521$131
30 years$1,979$1,418$997$690$471$112
31 years$1,894$1,341$930$634$426$95
32 years$1,815$1,269$868$582$385$81
33 years$1,741$1,202$810$536$349$69
34 years$1,671$1,139$757$493$316$59
35 years$1,606$1,080$708$454$286$50
36 years$1,544$1,025$662$418$259$43
37 years$1,485$974$620$385$235$37
38 years$1,430$925$580$355$213$31
39 years$1,378$880$544$327$193$27
40 years$1,329$837$510$302$175$23
41 years$1,282$797$478$278$159$19
42 years$1,237$759$448$257$144$17
43 years$1,195$723$421$237$131$14
44 years$1,155$689$395$219$119$12
45 years$1,116$657$371$202$108$10
46 years$1,080$627$348$187$98$9
47 years$1,045$598$327$173$89$7
48 years$1,012$571$307$159$81$6
49 years$980$545$289$147$73$5
50 years$949$521$272$136$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $972,000, adding $5,544 every year, while hoping to spend $20,883 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: 39/45/16 Blend
49$972,000$972,000$972,000$972,000
50$1,076,863$1,025,347$1,010,281$1,113,505
51$1,164,483$1,053,369$1,021,906$1,168,190
52$1,260,341$1,082,065$1,033,220$1,224,852
53$1,365,255$1,111,445$1,044,192$1,285,673
54$1,480,125$1,141,520$1,054,786$1,351,041
55$1,605,944$1,172,300$1,064,968$1,421,380
56$1,743,804$1,203,797$1,074,698$1,497,159
57$1,894,908$1,236,019$1,083,936$1,578,894
58$2,060,582$1,268,977$1,092,641$1,667,151
59$2,242,284$1,302,681$1,100,769$1,762,556
60$2,441,624$1,337,139$1,108,271$1,865,795
61$2,660,371$1,372,360$1,115,099$1,977,625
62$2,900,476$1,408,352$1,121,202$2,098,881
63$3,164,087$1,445,124$1,126,525$2,230,480
64$3,453,571$1,482,682$1,131,010$2,373,434
65$3,771,534$1,521,033$1,134,599$2,528,855
66$4,120,850$1,560,182$1,137,227$2,697,972
67$4,504,681$1,600,136$1,138,828$2,882,135
68$4,926,513$1,640,897$1,139,334$3,082,832
69$5,390,187$1,682,471$1,138,671$3,301,704
70$5,899,932$1,724,857$1,136,762$3,540,558
71$6,460,409$1,768,060$1,133,528$3,801,383
72$7,076,753$1,812,077$1,128,884$4,086,374
73$7,754,623$1,856,910$1,122,742$4,397,946
74$8,500,250$1,902,554$1,115,009$4,738,762
75$9,320,502$1,949,006$1,105,589$5,111,757
76$10,222,948$1,996,261$1,094,380$5,520,162
77$11,215,922$2,044,312$1,081,276$5,967,540
78$12,308,613$2,093,150$1,066,165$6,457,817
79$13,511,141$2,142,764$1,048,932$6,995,319
80$14,834,659$2,193,141$1,029,452$7,584,812
81$16,291,455$2,244,266$1,007,600$8,231,550
82$17,895,070$2,296,121$983,241$8,941,321
83$19,660,423$2,348,687$956,236$9,720,505
84$21,603,954$2,401,941$926,437$10,576,133
85$23,743,777$2,455,856$893,693$11,515,953
86$26,099,853$2,510,403$857,842$12,548,504
87$28,694,177$2,565,551$818,718$13,683,195
88$31,550,983$2,621,264$776,146$14,930,396
89$34,696,980$2,677,502$729,943$16,301,538
90$38,161,593$2,734,221$679,917$17,809,214
91$41,977,251$2,791,373$625,870$19,467,306
92$46,179,686$2,848,906$567,592$21,291,113
93$50,808,273$2,906,761$504,866$23,297,493
94$55,906,401$2,964,877$437,463$25,505,027
95$61,521,882$3,023,184$365,146$27,934,193
96$67,707,403$3,081,609$287,667$30,607,558
97$74,521,021$3,140,071$204,767$33,549,993
98$82,026,713$3,198,482$116,175$36,788,908
99$90,294,979$3,256,749$21,608$40,354,513
100$99,403,507$3,314,770$0$44,280,099