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%19%
1 years$80,515$79,797$79,098$78,415$77,748$74,930
2 years$39,859$39,116$38,397$37,699$37,023$34,214
3 years$26,309$25,563$24,845$24,154$23,489$20,779
4 years$19,535$18,791$18,081$17,402$16,752$14,161
5 years$15,472$14,733$14,032$13,366$12,735$10,269
6 years$12,764$12,030$11,340$10,689$10,077$7,738
7 years$10,830$10,103$9,423$8,788$8,195$5,984
8 years$9,381$8,660$7,992$7,372$6,799$4,712
9 years$8,254$7,540$6,883$6,279$5,725$3,761
10 years$7,353$6,646$6,001$5,413$4,878$3,033
11 years$6,617$5,917$5,283$4,711$4,196$2,465
12 years$6,003$5,311$4,689$4,132$3,636$2,015
13 years$5,485$4,799$4,189$3,648$3,170$1,656
14 years$5,040$4,362$3,764$3,238$2,779$1,366
15 years$4,656$3,985$3,398$2,888$2,447$1,131
16 years$4,320$3,656$3,081$2,586$2,163$938
17 years$4,023$3,367$2,804$2,323$1,918$780
18 years$3,760$3,112$2,559$2,094$1,705$650
19 years$3,525$2,884$2,343$1,892$1,520$542
20 years$3,314$2,680$2,150$1,714$1,357$453
21 years$3,123$2,496$1,978$1,555$1,215$379
22 years$2,949$2,330$1,823$1,414$1,089$317
23 years$2,791$2,179$1,683$1,288$977$265
24 years$2,647$2,042$1,557$1,174$879$222
25 years$2,514$1,916$1,442$1,073$791$186
26 years$2,391$1,801$1,337$981$712$156
27 years$2,278$1,695$1,242$898$642$131
28 years$2,173$1,597$1,154$822$579$110
29 years$2,076$1,507$1,074$754$523$92
30 years$1,985$1,423$1,000$692$473$78
31 years$1,900$1,345$933$636$427$65
32 years$1,820$1,273$870$584$387$55
33 years$1,746$1,205$813$537$350$46
34 years$1,676$1,142$759$494$317$39
35 years$1,610$1,083$710$455$287$32
36 years$1,549$1,028$664$419$260$27
37 years$1,490$977$622$386$236$23
38 years$1,435$928$582$356$214$19
39 years$1,383$883$545$328$194$16
40 years$1,333$840$511$303$176$14
41 years$1,286$799$479$279$159$11
42 years$1,241$761$450$258$145$10
43 years$1,199$725$422$238$131$8
44 years$1,158$691$396$220$119$7
45 years$1,120$659$372$203$108$6
46 years$1,083$629$349$187$98$5
47 years$1,048$600$328$173$89$4
48 years$1,015$573$308$160$81$3
49 years$983$547$290$148$74$3
50 years$952$523$272$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $975,000, adding $4,067 every year, while hoping to spend $35,170 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: 45/33/22 Blend
49$975,000$975,000$975,000$975,000
50$1,078,645$1,026,970$1,011,858$1,120,181
51$1,151,246$1,039,871$1,008,334$1,162,739
52$1,230,074$1,052,225$1,003,514$1,205,092
53$1,315,726$1,063,969$997,317$1,250,308
54$1,408,861$1,075,034$989,657$1,298,669
55$1,510,202$1,085,348$980,448$1,350,490
56$1,620,545$1,094,832$969,595$1,406,117
57$1,740,766$1,103,405$957,003$1,465,935
58$1,871,831$1,110,978$942,568$1,530,368
59$2,014,799$1,117,458$926,186$1,599,886
60$2,170,839$1,122,744$907,744$1,675,008
61$2,341,238$1,126,731$887,126$1,756,309
62$2,527,409$1,129,306$864,210$1,844,425
63$2,730,912$1,130,349$838,868$1,940,056
64$2,953,462$1,129,734$810,968$2,043,980
65$3,196,948$1,127,323$780,368$2,157,056
66$3,463,451$1,122,976$746,924$2,280,231
67$3,755,259$1,116,538$710,482$2,414,555
68$4,074,895$1,107,848$670,883$2,561,186
69$4,425,138$1,096,736$627,961$2,721,404
70$4,809,045$1,083,019$581,541$2,896,623
71$5,229,986$1,066,505$531,441$3,088,408
72$5,691,671$1,046,991$477,470$3,298,483
73$6,198,187$1,024,259$419,431$3,528,755
74$6,754,035$998,081$357,115$3,781,332
75$7,364,175$968,215$290,307$4,058,538
76$8,034,067$934,404$218,779$4,362,942
77$8,769,729$896,377$142,295$4,697,381
78$9,577,789$853,846$60,609$5,064,985
79$10,465,547$806,508$0$5,469,212
80$11,441,047$754,042$0$5,920,115
81$12,513,151$696,107$0$6,431,258
82$13,691,621$632,345$0$6,993,117
83$14,987,212$562,375$0$7,610,892
84$16,411,772$485,796$0$8,290,320
85$17,978,358$402,186$0$9,037,728
86$19,701,352$311,094$0$9,860,094
87$21,596,602$212,049$0$10,765,110
88$23,681,566$104,551$0$11,761,263
89$25,975,484$0$0$12,857,908
90$28,499,550$0$0$14,069,696
91$31,277,121$0$0$15,445,102
92$34,333,927$0$0$16,958,918
93$37,698,325$0$0$18,625,203
94$41,401,554$0$0$20,459,448
95$45,478,039$0$0$22,478,723
96$49,965,713$0$0$24,701,834
97$54,906,370$0$0$27,149,507
98$60,346,064$0$0$29,844,577
99$66,335,544$0$0$32,812,207
100$72,930,727$0$0$36,080,125