Can I retire at age 50 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$80,515$79,797$79,098$78,415$77,748$75,440
2 years$39,859$39,116$38,397$37,699$37,023$34,717
3 years$26,309$25,563$24,845$24,154$23,489$21,257
4 years$19,535$18,791$18,081$17,402$16,752$14,612
5 years$15,472$14,733$14,032$13,366$12,735$10,692
6 years$12,764$12,030$11,340$10,689$10,077$8,132
7 years$10,830$10,103$9,423$8,788$8,195$6,349
8 years$9,381$8,660$7,992$7,372$6,799$5,051
9 years$8,254$7,540$6,883$6,279$5,725$4,073
10 years$7,353$6,646$6,001$5,413$4,878$3,320
11 years$6,617$5,917$5,283$4,711$4,196$2,728
12 years$6,003$5,311$4,689$4,132$3,636$2,256
13 years$5,485$4,799$4,189$3,648$3,170$1,875
14 years$5,040$4,362$3,764$3,238$2,779$1,566
15 years$4,656$3,985$3,398$2,888$2,447$1,311
16 years$4,320$3,656$3,081$2,586$2,163$1,102
17 years$4,023$3,367$2,804$2,323$1,918$928
18 years$3,760$3,112$2,559$2,094$1,705$783
19 years$3,525$2,884$2,343$1,892$1,520$661
20 years$3,314$2,680$2,150$1,714$1,357$560
21 years$3,123$2,496$1,978$1,555$1,215$474
22 years$2,949$2,330$1,823$1,414$1,089$402
23 years$2,791$2,179$1,683$1,288$977$341
24 years$2,647$2,042$1,557$1,174$879$290
25 years$2,514$1,916$1,442$1,073$791$246
26 years$2,391$1,801$1,337$981$712$209
27 years$2,278$1,695$1,242$898$642$178
28 years$2,173$1,597$1,154$822$579$151
29 years$2,076$1,507$1,074$754$523$129
30 years$1,985$1,423$1,000$692$473$110
31 years$1,900$1,345$933$636$427$93
32 years$1,820$1,273$870$584$387$80
33 years$1,746$1,205$813$537$350$68
34 years$1,676$1,142$759$494$317$58
35 years$1,610$1,083$710$455$287$49
36 years$1,549$1,028$664$419$260$42
37 years$1,490$977$622$386$236$36
38 years$1,435$928$582$356$214$30
39 years$1,383$883$545$328$194$26
40 years$1,333$840$511$303$176$22
41 years$1,286$799$479$279$159$19
42 years$1,241$761$450$258$145$16
43 years$1,199$725$422$238$131$14
44 years$1,158$691$396$220$119$12
45 years$1,120$659$372$203$108$10
46 years$1,083$629$349$187$98$8
47 years$1,048$600$328$173$89$7
48 years$1,015$573$308$160$81$6
49 years$983$547$290$148$74$5
50 years$952$523$272$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $975,000, adding $4,065 every year, while hoping to spend $35,173 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: 73/8/19 Blend
49$975,000$975,000$975,000$975,000
50$1,078,643$1,026,968$1,011,856$1,152,246
51$1,151,241$1,039,866$1,008,329$1,214,565
52$1,230,065$1,052,216$1,003,505$1,278,165
53$1,315,713$1,063,956$997,304$1,346,936
54$1,408,843$1,075,017$989,641$1,421,384
55$1,510,178$1,085,327$980,427$1,502,070
56$1,620,515$1,094,806$969,570$1,589,608
57$1,740,729$1,103,374$956,973$1,684,678
58$1,871,786$1,110,941$942,534$1,788,028
59$2,014,745$1,117,415$926,146$1,900,483
60$2,170,776$1,122,695$907,699$2,022,952
61$2,341,164$1,126,675$887,075$2,156,438
62$2,527,323$1,129,243$864,153$2,302,047
63$2,730,813$1,130,279$838,804$2,460,996
64$2,953,348$1,129,655$810,897$2,634,629
65$3,196,817$1,127,236$780,290$2,824,427
66$3,463,301$1,122,879$746,838$3,032,022
67$3,755,089$1,116,431$710,388$3,259,214
68$4,074,703$1,107,731$670,781$3,507,987
69$4,424,920$1,096,607$627,849$3,780,528
70$4,808,799$1,082,878$581,420$4,079,249
71$5,229,709$1,066,352$531,309$4,406,808
72$5,691,359$1,046,823$477,329$4,766,134
73$6,197,837$1,024,077$419,278$5,160,459
74$6,753,644$997,883$356,951$5,593,343
75$7,363,736$968,001$290,130$6,068,714
76$8,033,577$934,172$218,589$6,590,897
77$8,769,182$896,127$142,092$7,164,664
78$9,577,178$853,577$60,391$7,795,275
79$10,464,867$806,218$0$8,488,526
80$11,440,290$753,730$0$9,256,240
81$12,512,308$695,771$0$10,113,449
82$13,690,684$631,984$0$11,055,718
83$14,986,170$561,988$0$12,091,667
84$16,410,616$485,382$0$13,230,793
85$17,977,075$401,741$0$14,483,561
86$19,699,928$310,619$0$15,861,503
87$21,595,023$211,541$0$17,377,326
88$23,679,816$104,007$0$19,045,033
89$25,973,545$0$0$20,880,054
90$28,497,403$0$0$22,900,491
91$31,274,743$0$0$25,133,978
92$34,331,296$0$0$27,592,055
93$37,695,413$0$0$30,297,531
94$41,398,333$0$0$33,275,534
95$45,474,478$0$0$36,553,755
96$49,961,775$0$0$40,162,703
97$54,902,017$0$0$44,136,000
98$60,341,254$0$0$48,510,688
99$66,330,228$0$0$53,327,589
100$72,924,855$0$0$58,631,680