Can I retire at age 50 with 975,000?

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 $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%14.7%
1 years$80,515$79,797$79,098$78,415$77,748$76,240
2 years$39,859$39,116$38,397$37,699$37,023$35,510
3 years$26,309$25,563$24,845$24,154$23,489$22,018
4 years$19,535$18,791$18,081$17,402$16,752$15,335
5 years$15,472$14,733$14,032$13,366$12,735$11,375
6 years$12,764$12,030$11,340$10,689$10,077$8,776
7 years$10,830$10,103$9,423$8,788$8,195$6,953
8 years$9,381$8,660$7,992$7,372$6,799$5,616
9 years$8,254$7,540$6,883$6,279$5,725$4,600
10 years$7,353$6,646$6,001$5,413$4,878$3,810
11 years$6,617$5,917$5,283$4,711$4,196$3,183
12 years$6,003$5,311$4,689$4,132$3,636$2,678
13 years$5,485$4,799$4,189$3,648$3,170$2,265
14 years$5,040$4,362$3,764$3,238$2,779$1,925
15 years$4,656$3,985$3,398$2,888$2,447$1,642
16 years$4,320$3,656$3,081$2,586$2,163$1,405
17 years$4,023$3,367$2,804$2,323$1,918$1,206
18 years$3,760$3,112$2,559$2,094$1,705$1,037
19 years$3,525$2,884$2,343$1,892$1,520$894
20 years$3,314$2,680$2,150$1,714$1,357$771
21 years$3,123$2,496$1,978$1,555$1,215$666
22 years$2,949$2,330$1,823$1,414$1,089$577
23 years$2,791$2,179$1,683$1,288$977$499
24 years$2,647$2,042$1,557$1,174$879$433
25 years$2,514$1,916$1,442$1,073$791$376
26 years$2,391$1,801$1,337$981$712$326
27 years$2,278$1,695$1,242$898$642$283
28 years$2,173$1,597$1,154$822$579$246
29 years$2,076$1,507$1,074$754$523$214
30 years$1,985$1,423$1,000$692$473$186
31 years$1,900$1,345$933$636$427$162
32 years$1,820$1,273$870$584$387$141
33 years$1,746$1,205$813$537$350$123
34 years$1,676$1,142$759$494$317$107
35 years$1,610$1,083$710$455$287$93
36 years$1,549$1,028$664$419$260$81
37 years$1,490$977$622$386$236$71
38 years$1,435$928$582$356$214$61
39 years$1,383$883$545$328$194$54
40 years$1,333$840$511$303$176$47
41 years$1,286$799$479$279$159$41
42 years$1,241$761$450$258$145$35
43 years$1,199$725$422$238$131$31
44 years$1,158$691$396$220$119$27
45 years$1,120$659$372$203$108$23
46 years$1,083$629$349$187$98$20
47 years$1,048$600$328$173$89$18
48 years$1,015$573$308$160$81$16
49 years$983$547$290$148$74$14
50 years$952$523$272$137$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $975,000, adding $6,386 every year, while hoping to spend $29,498 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: 32/47/21 Blend
49$975,000$975,000$975,000$975,000
50$1,081,037$1,029,362$1,014,250$1,108,438
51$1,159,917$1,048,415$1,016,841$1,148,592
52$1,245,855$1,067,413$1,018,531$1,188,692
53$1,339,538$1,086,322$1,019,258$1,231,273
54$1,441,725$1,105,106$1,018,957$1,276,570
55$1,553,249$1,123,725$1,017,561$1,324,843
56$1,675,031$1,142,138$1,014,999$1,376,379
57$1,808,079$1,160,298$1,011,197$1,431,498
58$1,953,507$1,178,157$1,006,076$1,490,550
59$2,112,541$1,195,662$999,556$1,553,925
60$2,286,529$1,212,759$991,550$1,622,051
61$2,476,957$1,229,386$981,969$1,695,404
62$2,685,461$1,245,480$970,719$1,774,508
63$2,913,841$1,260,972$957,701$1,859,944
64$3,164,082$1,275,788$942,813$1,952,352
65$3,438,367$1,289,851$925,947$2,052,442
66$3,739,104$1,303,077$906,989$2,160,996
67$4,068,941$1,315,376$885,822$2,278,878
68$4,430,798$1,326,655$862,322$2,407,046
69$4,827,890$1,336,811$836,359$2,546,553
70$5,263,756$1,345,737$807,800$2,698,568
71$5,742,300$1,353,318$776,501$2,864,378
72$6,267,816$1,359,432$742,315$3,045,406
73$6,845,038$1,363,949$705,088$3,243,225
74$7,479,182$1,366,732$664,658$3,459,569
75$8,175,990$1,367,634$620,856$3,696,356
76$8,941,791$1,366,499$573,505$3,955,702
77$9,783,558$1,363,161$522,422$4,239,945
78$10,708,971$1,357,445$467,412$4,551,664
79$11,726,491$1,349,166$408,276$4,893,709
80$12,845,443$1,338,124$344,803$5,269,224
81$14,076,097$1,324,112$276,773$5,681,681
82$15,429,772$1,306,906$203,957$6,134,912
83$16,918,935$1,286,271$126,117$6,633,144
84$18,557,326$1,261,957$43,001$7,181,048
85$20,360,081$1,233,702$0$7,783,773
86$22,343,880$1,201,223$0$8,457,243
87$24,527,099$1,164,226$0$9,208,441
88$26,929,987$1,122,397$0$10,034,706
89$29,574,854$1,075,404$0$10,943,743
90$32,486,286$1,022,895$0$11,944,045
91$35,691,369$964,499$0$13,044,984
92$39,219,953$899,823$0$14,256,889
93$43,104,926$828,453$0$15,591,154
94$47,382,530$749,948$0$17,060,342
95$52,092,697$663,845$0$18,678,305
96$57,279,432$569,653$0$20,460,318
97$62,991,222$466,854$0$22,423,225
98$69,281,497$354,900$0$24,585,595
99$76,209,133$233,214$0$26,967,906
100$83,839,007$101,184$0$29,592,734