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%17.1%
1 years$80,267$79,552$78,854$78,173$77,509$75,269
2 years$39,736$38,996$38,279$37,583$36,909$34,670
3 years$26,228$25,484$24,769$24,080$23,417$21,249
4 years$19,475$18,734$18,025$17,348$16,701$14,621
5 years$15,424$14,687$13,988$13,325$12,696$10,709
6 years$12,724$11,993$11,305$10,656$10,046$8,155
7 years$10,797$10,072$9,394$8,761$8,170$6,374
8 years$9,352$8,634$7,967$7,349$6,778$5,076
9 years$8,229$7,517$6,862$6,260$5,708$4,099
10 years$7,330$6,626$5,983$5,396$4,863$3,345
11 years$6,596$5,899$5,267$4,696$4,183$2,752
12 years$5,985$5,294$4,674$4,119$3,625$2,279
13 years$5,468$4,785$4,176$3,637$3,161$1,897
14 years$5,025$4,349$3,752$3,228$2,771$1,586
15 years$4,641$3,973$3,388$2,879$2,439$1,330
16 years$4,306$3,645$3,072$2,578$2,156$1,119
17 years$4,011$3,357$2,795$2,316$1,912$944
18 years$3,749$3,102$2,551$2,087$1,700$797
19 years$3,514$2,875$2,336$1,886$1,515$675
20 years$3,304$2,671$2,144$1,708$1,353$572
21 years$3,113$2,488$1,972$1,550$1,211$485
22 years$2,940$2,323$1,817$1,410$1,086$412
23 years$2,783$2,172$1,678$1,284$974$350
24 years$2,638$2,035$1,552$1,171$876$298
25 years$2,506$1,910$1,437$1,069$788$254
26 years$2,384$1,795$1,333$978$710$216
27 years$2,271$1,690$1,238$895$640$184
28 years$2,166$1,592$1,151$820$578$157
29 years$2,069$1,502$1,071$752$521$134
30 years$1,979$1,418$997$690$471$114
31 years$1,894$1,341$930$634$426$97
32 years$1,815$1,269$868$582$385$83
33 years$1,741$1,202$810$536$349$71
34 years$1,671$1,139$757$493$316$60
35 years$1,606$1,080$708$454$286$52
36 years$1,544$1,025$662$418$259$44
37 years$1,485$974$620$385$235$38
38 years$1,430$925$580$355$213$32
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$20
42 years$1,237$759$448$257$144$17
43 years$1,195$723$421$237$131$15
44 years$1,155$689$395$219$119$12
45 years$1,116$657$371$202$108$11
46 years$1,080$627$348$187$98$9
47 years$1,045$598$327$173$89$8
48 years$1,012$571$307$159$81$7
49 years$980$545$289$147$73$6
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 $3,454 every year, while hoping to spend $24,583 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: 72/18/10 Blend
49$972,000$972,000$972,000$972,000
50$1,074,707$1,023,191$1,008,125$1,149,799
51$1,158,171$1,047,171$1,015,741$1,223,882
52$1,249,324$1,071,502$1,022,788$1,301,600
53$1,348,925$1,096,176$1,029,222$1,386,024
54$1,457,809$1,121,182$1,034,994$1,477,810
55$1,576,895$1,146,509$1,040,055$1,577,680
56$1,707,195$1,172,145$1,044,354$1,686,430
57$1,849,823$1,198,074$1,047,834$1,804,935
58$2,006,007$1,224,282$1,050,438$1,934,160
59$2,177,097$1,250,750$1,052,106$2,075,168
60$2,364,584$1,277,459$1,052,774$2,229,129
61$2,570,104$1,304,387$1,052,375$2,397,334
62$2,795,464$1,331,512$1,050,839$2,581,203
63$3,042,653$1,358,806$1,048,093$2,782,301
64$3,313,858$1,386,243$1,044,059$3,002,353
65$3,611,494$1,413,791$1,038,658$3,243,258
66$3,938,217$1,441,417$1,031,803$3,507,110
67$4,296,953$1,469,085$1,023,407$3,796,214
68$4,690,928$1,496,755$1,013,376$4,113,113
69$5,123,691$1,524,386$1,001,613$4,460,606
70$5,599,157$1,551,930$988,016$4,841,779
71$6,121,635$1,579,338$972,479$5,260,030
72$6,695,874$1,606,558$954,889$5,719,107
73$7,327,105$1,633,531$935,129$6,223,137
74$8,021,091$1,660,195$913,078$6,776,669
75$8,784,182$1,686,485$888,606$7,384,715
76$9,623,375$1,712,329$861,580$8,052,799
77$10,546,376$1,737,650$831,860$8,787,007
78$11,561,677$1,762,366$799,298$9,594,048
79$12,678,636$1,786,390$763,743$10,481,312
80$13,907,562$1,809,627$725,033$11,456,946
81$15,259,812$1,831,978$683,000$12,529,925
82$16,747,903$1,853,335$637,471$13,710,142
83$18,385,624$1,873,583$588,261$15,008,497
84$20,188,170$1,892,601$535,180$16,437,005
85$22,172,283$1,910,258$478,028$18,008,903
86$24,356,410$1,926,415$416,597$19,738,781
87$26,760,879$1,940,925$350,667$21,642,717
88$29,408,087$1,953,628$280,013$23,738,430
89$32,322,715$1,964,359$204,397$26,045,446
90$35,531,957$1,972,938$123,569$28,585,283
91$39,065,780$1,979,176$37,273$31,381,655
92$42,957,205$1,982,870$0$34,460,696
93$47,242,616$1,983,808$0$37,857,057
94$51,962,109$1,981,760$0$41,601,250
95$57,159,863$1,976,485$0$45,724,305
96$62,884,562$1,967,726$0$50,264,800
97$69,189,855$1,955,212$0$55,265,249
98$76,134,856$1,938,654$0$60,772,504
99$83,784,708$1,917,744$0$66,838,191
100$92,211,194$1,892,159$0$73,519,206