Can I retire at age 50 with 974,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$80,432$79,716$79,017$78,334$77,668$76,507
2 years$39,818$39,076$38,358$37,661$36,985$35,818
3 years$26,282$25,537$24,820$24,130$23,465$22,328
4 years$19,515$18,772$18,063$17,384$16,735$15,638
5 years$15,456$14,718$14,017$13,353$12,722$11,666
6 years$12,751$12,018$11,328$10,678$10,066$9,054
7 years$10,819$10,093$9,414$8,779$8,187$7,218
8 years$9,371$8,651$7,984$7,365$6,792$5,867
9 years$8,246$7,533$6,876$6,273$5,720$4,838
10 years$7,346$6,640$5,995$5,407$4,873$4,034
11 years$6,610$5,911$5,278$4,706$4,191$3,394
12 years$5,997$5,305$4,684$4,128$3,632$2,875
13 years$5,479$4,794$4,185$3,644$3,167$2,450
14 years$5,035$4,358$3,760$3,235$2,776$2,097
15 years$4,651$3,981$3,395$2,885$2,445$1,803
16 years$4,315$3,653$3,078$2,583$2,160$1,555
17 years$4,019$3,364$2,801$2,321$1,916$1,345
18 years$3,756$3,108$2,557$2,092$1,703$1,166
19 years$3,521$2,881$2,341$1,890$1,518$1,012
20 years$3,310$2,677$2,148$1,712$1,356$881
21 years$3,120$2,494$1,976$1,554$1,214$768
22 years$2,946$2,328$1,821$1,413$1,088$670
23 years$2,788$2,177$1,681$1,286$976$585
24 years$2,644$2,040$1,555$1,173$878$512
25 years$2,511$1,914$1,440$1,072$790$448
26 years$2,389$1,799$1,336$980$711$392
27 years$2,276$1,693$1,240$897$641$344
28 years$2,171$1,595$1,153$822$579$301
29 years$2,073$1,505$1,073$753$523$264
30 years$1,983$1,421$999$691$472$232
31 years$1,898$1,344$932$635$427$204
32 years$1,819$1,271$869$584$386$179
33 years$1,744$1,204$812$537$349$157
34 years$1,674$1,141$758$494$316$138
35 years$1,609$1,082$709$455$287$121
36 years$1,547$1,027$663$419$260$107
37 years$1,489$976$621$386$235$94
38 years$1,433$927$581$356$213$82
39 years$1,381$882$545$328$193$73
40 years$1,332$839$511$302$175$64
41 years$1,285$799$479$279$159$56
42 years$1,240$761$449$257$144$49
43 years$1,198$725$421$238$131$43
44 years$1,157$691$396$219$119$38
45 years$1,119$659$371$203$108$34
46 years$1,082$628$349$187$98$30
47 years$1,047$600$328$173$89$26
48 years$1,014$572$308$160$81$23
49 years$982$547$289$148$73$20
50 years$951$522$272$137$67$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $974,000, adding $3,108 every year, while hoping to spend $58,053 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: 44/45/11 Blend
49$974,000$974,000$974,000$974,000
50$1,076,554$1,024,932$1,009,835$1,120,395
51$1,124,594$1,013,386$981,896$1,139,651
52$1,175,589$999,328$951,076$1,154,375
53$1,229,779$982,574$917,217$1,169,034
54$1,287,426$962,930$880,153$1,183,645
55$1,348,817$940,187$839,712$1,198,230
56$1,414,267$914,127$795,713$1,212,818
57$1,484,122$884,519$747,968$1,227,444
58$1,558,757$851,115$696,281$1,242,155
59$1,638,589$813,658$640,444$1,257,005
60$1,724,069$771,872$580,243$1,272,060
61$1,815,696$725,465$515,454$1,287,398
62$1,914,016$674,132$445,841$1,303,113
63$2,019,628$617,547$371,158$1,319,314
64$2,133,189$555,366$291,152$1,336,129
65$2,255,422$487,227$205,553$1,353,706
66$2,387,119$412,745$114,082$1,372,217
67$2,529,151$331,515$16,450$1,391,860
68$2,682,474$243,109$0$1,412,863
69$2,848,140$147,074$0$1,445,783
70$3,027,303$42,934$0$1,483,350
71$3,221,234$0$0$1,524,008
72$3,431,327$0$0$1,602,754
73$3,659,118$0$0$1,711,283
74$3,906,294$0$0$1,829,151
75$4,174,712$0$0$1,957,256
76$4,466,413$0$0$2,096,586
77$4,783,642$0$0$2,248,228
78$5,128,871$0$0$2,413,378
79$5,504,817$0$0$2,593,351
80$5,914,474$0$0$2,789,597
81$6,361,133$0$0$3,003,709
82$6,848,418$0$0$3,237,443
83$7,380,317$0$0$3,492,728
84$7,961,220$0$0$3,771,693
85$8,595,961$0$0$4,076,677
86$9,289,861$0$0$4,410,258
87$10,048,777$0$0$4,775,274
88$10,879,161$0$0$5,174,849
89$11,788,113$0$0$5,612,425
90$12,783,457$0$0$6,091,790
91$13,873,803$0$0$6,617,117
92$15,068,638$0$0$7,193,003
93$16,378,406$0$0$7,824,509
94$17,814,613$0$0$8,517,210
95$19,389,929$0$0$9,277,246
96$21,118,312$0$0$10,111,382
97$23,015,135$0$0$11,027,066
98$25,097,330$0$0$12,032,507
99$27,383,550$0$0$13,136,744
100$29,894,343$0$0$14,349,736