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%16.5%
1 years$80,267$79,552$78,854$78,173$77,509$75,451
2 years$39,736$38,996$38,279$37,583$36,909$34,850
3 years$26,228$25,484$24,769$24,080$23,417$21,421
4 years$19,475$18,734$18,025$17,348$16,701$14,785
5 years$15,424$14,687$13,988$13,325$12,696$10,863
6 years$12,724$11,993$11,305$10,656$10,046$8,299
7 years$10,797$10,072$9,394$8,761$8,170$6,509
8 years$9,352$8,634$7,967$7,349$6,778$5,202
9 years$8,229$7,517$6,862$6,260$5,708$4,216
10 years$7,330$6,626$5,983$5,396$4,863$3,453
11 years$6,596$5,899$5,267$4,696$4,183$2,852
12 years$5,985$5,294$4,674$4,119$3,625$2,371
13 years$5,468$4,785$4,176$3,637$3,161$1,982
14 years$5,025$4,349$3,752$3,228$2,771$1,664
15 years$4,641$3,973$3,388$2,879$2,439$1,401
16 years$4,306$3,645$3,072$2,578$2,156$1,184
17 years$4,011$3,357$2,795$2,316$1,912$1,003
18 years$3,749$3,102$2,551$2,087$1,700$851
19 years$3,514$2,875$2,336$1,886$1,515$724
20 years$3,304$2,671$2,144$1,708$1,353$616
21 years$3,113$2,488$1,972$1,550$1,211$525
22 years$2,940$2,323$1,817$1,410$1,086$448
23 years$2,783$2,172$1,678$1,284$974$383
24 years$2,638$2,035$1,552$1,171$876$327
25 years$2,506$1,910$1,437$1,069$788$280
26 years$2,384$1,795$1,333$978$710$239
27 years$2,271$1,690$1,238$895$640$205
28 years$2,166$1,592$1,151$820$578$175
29 years$2,069$1,502$1,071$752$521$150
30 years$1,979$1,418$997$690$471$129
31 years$1,894$1,341$930$634$426$110
32 years$1,815$1,269$868$582$385$95
33 years$1,741$1,202$810$536$349$81
34 years$1,671$1,139$757$493$316$70
35 years$1,606$1,080$708$454$286$60
36 years$1,544$1,025$662$418$259$51
37 years$1,485$974$620$385$235$44
38 years$1,430$925$580$355$213$38
39 years$1,378$880$544$327$193$32
40 years$1,329$837$510$302$175$28
41 years$1,282$797$478$278$159$24
42 years$1,237$759$448$257$144$20
43 years$1,195$723$421$237$131$18
44 years$1,155$689$395$219$119$15
45 years$1,116$657$371$202$108$13
46 years$1,080$627$348$187$98$11
47 years$1,045$598$327$173$89$10
48 years$1,012$571$307$159$81$8
49 years$980$545$289$147$73$7
50 years$949$521$272$136$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $972,000, adding $4,172 every year, while hoping to spend $52,428 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: 41/43/16 Blend
49$972,000$972,000$972,000$972,000
50$1,075,447$1,023,931$1,008,865$1,114,306
51$1,129,360$1,018,321$986,879$1,136,599
52$1,187,015$1,010,679$962,400$1,155,273
53$1,248,737$1,000,849$935,287$1,174,368
54$1,314,886$988,669$905,397$1,193,946
55$1,385,854$973,963$872,577$1,214,081
56$1,462,071$956,547$836,669$1,234,860
57$1,544,010$936,226$797,505$1,256,379
58$1,632,191$912,792$754,913$1,278,752
59$1,727,183$886,027$708,711$1,302,108
60$1,829,612$855,699$658,709$1,326,592
61$1,940,166$821,562$604,709$1,352,374
62$2,059,600$783,355$546,504$1,379,642
63$2,188,745$740,805$483,878$1,408,612
64$2,328,513$693,621$416,604$1,439,528
65$2,479,908$641,495$344,447$1,472,666
66$2,644,032$584,102$267,160$1,508,338
67$2,822,100$521,099$184,486$1,546,893
68$3,015,444$452,123$96,156$1,588,727
69$3,225,532$376,790$1,890$1,634,284
70$3,453,978$294,694$0$1,684,062
71$3,702,558$205,409$0$1,755,471
72$3,973,225$108,481$0$1,833,725
73$4,268,131$3,433$0$1,919,258
74$4,589,641$0$0$2,012,911
75$4,940,358$0$0$2,167,782
76$5,323,150$0$0$2,338,708
77$5,741,171$0$0$2,525,486
78$6,197,895$0$0$2,729,686
79$6,697,145$0$0$2,953,032
80$7,243,131$0$0$3,197,424
81$7,840,489$0$0$3,464,954
82$8,494,321$0$0$3,757,926
83$9,210,248$0$0$4,078,877
84$9,994,460$0$0$4,430,601
85$10,853,771$0$0$4,816,174
86$11,795,688$0$0$5,238,986
87$12,828,478$0$0$5,702,769
88$13,961,245$0$0$6,211,634
89$15,204,020$0$0$6,770,110
90$16,567,847$0$0$7,383,184
91$18,064,894$0$0$8,056,352
92$19,708,565$0$0$8,795,664
93$21,513,624$0$0$9,607,791
94$23,496,334$0$0$10,500,075
95$25,674,613$0$0$11,480,610
96$28,068,198$0$0$12,558,309
97$30,698,834$0$0$13,742,994
98$33,590,477$0$0$15,045,485
99$36,769,519$0$0$16,477,701
100$40,265,037$0$0$18,052,778