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%15.9%
1 years$80,515$79,797$79,098$78,415$77,748$75,868
2 years$39,859$39,116$38,397$37,699$37,023$35,141
3 years$26,309$25,563$24,845$24,154$23,489$21,663
4 years$19,535$18,791$18,081$17,402$16,752$14,996
5 years$15,472$14,733$14,032$13,366$12,735$11,054
6 years$12,764$12,030$11,340$10,689$10,077$8,472
7 years$10,830$10,103$9,423$8,788$8,195$6,668
8 years$9,381$8,660$7,992$7,372$6,799$5,347
9 years$8,254$7,540$6,883$6,279$5,725$4,349
10 years$7,353$6,646$6,001$5,413$4,878$3,576
11 years$6,617$5,917$5,283$4,711$4,196$2,965
12 years$6,003$5,311$4,689$4,132$3,636$2,475
13 years$5,485$4,799$4,189$3,648$3,170$2,077
14 years$5,040$4,362$3,764$3,238$2,779$1,750
15 years$4,656$3,985$3,398$2,888$2,447$1,481
16 years$4,320$3,656$3,081$2,586$2,163$1,256
17 years$4,023$3,367$2,804$2,323$1,918$1,069
18 years$3,760$3,112$2,559$2,094$1,705$911
19 years$3,525$2,884$2,343$1,892$1,520$778
20 years$3,314$2,680$2,150$1,714$1,357$665
21 years$3,123$2,496$1,978$1,555$1,215$570
22 years$2,949$2,330$1,823$1,414$1,089$488
23 years$2,791$2,179$1,683$1,288$977$419
24 years$2,647$2,042$1,557$1,174$879$360
25 years$2,514$1,916$1,442$1,073$791$309
26 years$2,391$1,801$1,337$981$712$266
27 years$2,278$1,695$1,242$898$642$229
28 years$2,173$1,597$1,154$822$579$197
29 years$2,076$1,507$1,074$754$523$169
30 years$1,985$1,423$1,000$692$473$146
31 years$1,900$1,345$933$636$427$126
32 years$1,820$1,273$870$584$387$108
33 years$1,746$1,205$813$537$350$93
34 years$1,676$1,142$759$494$317$80
35 years$1,610$1,083$710$455$287$69
36 years$1,549$1,028$664$419$260$60
37 years$1,490$977$622$386$236$52
38 years$1,435$928$582$356$214$44
39 years$1,383$883$545$328$194$38
40 years$1,333$840$511$303$176$33
41 years$1,286$799$479$279$159$29
42 years$1,241$761$450$258$145$25
43 years$1,199$725$422$238$131$21
44 years$1,158$691$396$220$119$18
45 years$1,120$659$372$203$108$16
46 years$1,083$629$349$187$98$14
47 years$1,048$600$328$173$89$12
48 years$1,015$573$308$160$81$10
49 years$983$547$290$148$74$9
50 years$952$523$272$137$67$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $975,000, adding $3,220 every year, while hoping to spend $51,218 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: 63/29/8 Blend
49$975,000$975,000$975,000$975,000
50$1,077,771$1,026,096$1,010,984$1,143,721
51$1,133,209$1,021,880$990,356$1,183,912
52$1,192,584$1,015,740$967,321$1,221,501
53$1,256,244$1,007,528$941,744$1,261,229
54$1,324,572$997,087$913,483$1,303,302
55$1,397,985$984,251$882,391$1,347,947
56$1,476,943$968,843$848,314$1,395,417
57$1,561,950$950,675$811,092$1,445,992
58$1,653,560$929,549$770,554$1,499,983
59$1,752,381$905,256$726,526$1,557,733
60$1,859,082$877,571$678,823$1,619,624
61$1,974,398$846,261$627,253$1,686,078
62$2,099,134$811,076$571,614$1,757,564
63$2,234,180$771,753$511,697$1,834,600
64$2,380,509$728,012$447,281$1,917,760
65$2,539,195$679,558$378,139$2,007,681
66$2,711,417$626,081$304,031$2,105,067
67$2,898,472$567,249$224,707$2,210,698
68$3,101,787$502,715$139,905$2,325,438
69$3,322,932$432,111$49,355$2,450,240
70$3,563,634$355,047$0$2,586,164
71$3,825,793$271,113$0$2,738,415
72$4,111,500$179,873$0$2,909,009
73$4,423,057$80,871$0$3,095,188
74$4,762,996$0$0$3,298,563
75$5,134,106$0$0$3,529,331
76$5,539,455$0$0$3,809,644
77$5,982,423$0$0$4,116,040
78$6,466,729$0$0$4,451,098
79$6,996,468$0$0$4,817,662
80$7,576,150$0$0$5,218,862
81$8,210,740$0$0$5,658,142
82$8,905,705$0$0$6,139,297
83$9,667,066$0$0$6,666,508
84$10,501,456$0$0$7,244,375
85$11,416,176$0$0$7,877,968
86$12,419,271$0$0$8,572,870
87$13,519,598$0$0$9,335,229
88$14,726,916$0$0$10,171,819
89$16,051,972$0$0$11,090,099
90$17,506,606$0$0$12,098,287
91$19,103,858$0$0$13,205,437
92$20,858,095$0$0$14,421,518
93$22,785,142$0$0$15,757,518
94$24,902,432$0$0$17,225,537
95$27,229,172$0$0$18,838,908
96$29,786,520$0$0$20,612,318
97$32,597,787$0$0$22,561,950
98$35,688,654$0$0$24,705,629
99$39,087,415$0$0$27,062,998
100$42,825,243$0$0$29,655,697