Can I retire at age 50 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$80,349$79,634$78,935$78,254$77,588$74,481
2 years$39,777$39,036$38,318$37,622$36,947$33,855
3 years$26,255$25,511$24,794$24,105$23,441$20,462
4 years$19,495$18,753$18,044$17,366$16,718$13,875
5 years$15,440$14,703$14,003$13,339$12,709$10,009
6 years$12,737$12,006$11,316$10,667$10,056$7,501
7 years$10,808$10,082$9,404$8,770$8,178$5,767
8 years$9,361$8,642$7,975$7,357$6,785$4,514
9 years$8,237$7,525$6,869$6,267$5,714$3,581
10 years$7,338$6,633$5,989$5,402$4,868$2,869
11 years$6,603$5,905$5,272$4,701$4,187$2,317
12 years$5,991$5,300$4,679$4,124$3,628$1,882
13 years$5,473$4,789$4,180$3,641$3,164$1,536
14 years$5,030$4,353$3,756$3,232$2,773$1,258
15 years$4,646$3,977$3,391$2,882$2,442$1,034
16 years$4,311$3,649$3,075$2,581$2,158$852
17 years$4,015$3,360$2,798$2,319$1,914$703
18 years$3,752$3,105$2,554$2,090$1,702$581
19 years$3,518$2,878$2,338$1,888$1,517$481
20 years$3,307$2,674$2,146$1,710$1,355$399
21 years$3,116$2,491$1,974$1,552$1,212$331
22 years$2,943$2,325$1,819$1,411$1,087$275
23 years$2,786$2,175$1,680$1,285$975$228
24 years$2,641$2,038$1,553$1,172$877$190
25 years$2,509$1,912$1,439$1,070$789$158
26 years$2,386$1,797$1,334$979$711$131
27 years$2,273$1,691$1,239$896$641$109
28 years$2,169$1,594$1,152$821$578$91
29 years$2,071$1,503$1,072$753$522$76
30 years$1,981$1,420$998$691$472$63
31 years$1,896$1,342$931$634$426$52
32 years$1,817$1,270$868$583$386$44
33 years$1,743$1,203$811$536$349$36
34 years$1,673$1,140$758$493$316$30
35 years$1,607$1,081$708$454$286$25
36 years$1,545$1,026$663$418$259$21
37 years$1,487$975$620$385$235$18
38 years$1,432$926$581$355$213$15
39 years$1,380$881$544$328$193$12
40 years$1,330$838$510$302$175$10
41 years$1,283$798$478$279$159$8
42 years$1,239$760$449$257$144$7
43 years$1,196$724$421$237$131$6
44 years$1,156$690$395$219$119$5
45 years$1,118$658$371$202$108$4
46 years$1,081$628$348$187$98$3
47 years$1,046$599$327$173$89$3
48 years$1,013$572$308$160$81$2
49 years$981$546$289$148$73$2
50 years$950$522$272$136$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $973,000, adding $6,251 every year, while hoping to spend $27,491 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: 63/31/6 Blend
49$973,000$973,000$973,000$973,000
50$1,078,694$1,027,125$1,012,043$1,145,136
51$1,159,470$1,048,204$1,016,697$1,211,267
52$1,247,565$1,069,394$1,020,584$1,279,635
53$1,343,694$1,090,673$1,023,652$1,353,561
54$1,448,649$1,112,013$1,025,842$1,433,582
55$1,563,298$1,133,388$1,027,094$1,520,289
56$1,688,597$1,154,768$1,027,345$1,614,333
57$1,825,602$1,176,119$1,026,529$1,716,429
58$1,975,471$1,197,406$1,024,575$1,827,369
59$2,139,481$1,218,592$1,021,411$1,948,022
60$2,319,041$1,239,635$1,016,960$2,079,346
61$2,515,697$1,260,491$1,011,142$2,222,397
62$2,731,155$1,281,112$1,003,873$2,378,338
63$2,967,295$1,301,448$995,064$2,548,453
64$3,226,183$1,321,444$984,624$2,734,153
65$3,510,100$1,341,041$972,454$2,936,995
66$3,821,553$1,360,175$958,455$3,158,695
67$4,163,308$1,378,780$942,520$3,401,143
68$4,538,408$1,396,783$924,537$3,666,423
69$4,950,208$1,414,107$904,391$3,956,830
70$5,402,401$1,430,670$881,959$4,274,896
71$5,899,056$1,446,384$857,116$4,623,409
72$6,444,657$1,461,154$829,727$5,005,442
73$7,044,143$1,474,880$799,653$5,424,383
74$7,702,953$1,487,457$766,748$5,883,967
75$8,427,081$1,498,769$730,861$6,388,306
76$9,223,130$1,508,696$691,832$6,941,938
77$10,098,376$1,517,109$649,496$7,549,859
78$11,060,834$1,523,871$603,677$8,217,581
79$12,119,333$1,528,835$554,194$8,951,174
80$13,283,604$1,531,846$500,859$9,757,331
81$14,564,365$1,532,741$443,471$10,643,429
82$15,973,428$1,531,342$381,825$11,617,598
83$17,523,806$1,527,466$315,704$12,688,799
84$19,229,836$1,520,914$244,882$13,866,908
85$21,107,317$1,511,477$169,124$15,162,810
86$23,173,657$1,498,932$88,182$16,588,504
87$25,448,035$1,483,045$1,802$18,157,213
88$27,951,585$1,463,565$0$19,883,512
89$30,707,595$1,440,228$0$21,789,252
90$33,741,724$1,412,753$0$23,886,850
91$37,082,246$1,380,844$0$26,195,724
92$40,760,315$1,344,185$0$28,737,401
93$44,810,261$1,302,444$0$31,535,606
94$49,269,912$1,255,269$0$34,616,489
95$54,180,951$1,202,285$0$38,008,865
96$59,589,309$1,143,098$0$41,744,495
97$65,545,600$1,077,291$0$45,858,382
98$72,105,595$1,004,423$0$50,389,103
99$79,330,752$924,025$0$55,379,173
100$87,288,792$835,606$0$60,875,448