Can I retire at age 50 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$80,597$79,879$79,179$78,495$77,828$77,240
2 years$39,900$39,156$38,436$37,738$37,061$36,468
3 years$26,336$25,589$24,871$24,179$23,513$22,934
4 years$19,555$18,811$18,100$17,420$16,770$16,209
5 years$15,487$14,748$14,046$13,380$12,748$12,207
6 years$12,777$12,043$11,351$10,700$10,087$9,566
7 years$10,841$10,113$9,433$8,797$8,203$7,703
8 years$9,390$8,669$8,000$7,380$6,806$6,326
9 years$8,262$7,548$6,890$6,286$5,731$5,272
10 years$7,361$6,653$6,007$5,418$4,883$4,444
11 years$6,623$5,923$5,289$4,716$4,200$3,781
12 years$6,009$5,316$4,693$4,136$3,639$3,240
13 years$5,490$4,804$4,193$3,652$3,174$2,793
14 years$5,046$4,367$3,768$3,242$2,782$2,420
15 years$4,661$3,989$3,402$2,891$2,450$2,106
16 years$4,324$3,660$3,084$2,589$2,165$1,838
17 years$4,027$3,371$2,806$2,326$1,920$1,610
18 years$3,764$3,115$2,562$2,096$1,707$1,414
19 years$3,529$2,887$2,345$1,894$1,521$1,244
20 years$3,317$2,682$2,152$1,715$1,359$1,097
21 years$3,126$2,499$1,980$1,557$1,216$969
22 years$2,952$2,332$1,825$1,415$1,090$857
23 years$2,794$2,181$1,685$1,289$978$759
24 years$2,649$2,044$1,558$1,176$879$673
25 years$2,516$1,918$1,443$1,074$791$597
26 years$2,394$1,803$1,338$982$713$531
27 years$2,280$1,697$1,243$899$643$472
28 years$2,175$1,599$1,155$823$580$420
29 years$2,078$1,508$1,075$755$524$374
30 years$1,987$1,424$1,002$693$473$333
31 years$1,902$1,346$934$636$428$296
32 years$1,822$1,274$871$585$387$264
33 years$1,748$1,206$813$538$350$236
34 years$1,678$1,143$760$495$317$210
35 years$1,612$1,085$711$456$287$188
36 years$1,550$1,029$665$420$260$167
37 years$1,492$978$622$387$236$149
38 years$1,436$929$583$356$214$133
39 years$1,384$884$546$329$194$119
40 years$1,334$841$512$303$176$106
41 years$1,287$800$480$280$160$95
42 years$1,243$762$450$258$145$85
43 years$1,200$726$422$238$131$76
44 years$1,160$692$396$220$119$68
45 years$1,121$660$372$203$108$61
46 years$1,084$630$350$188$98$54
47 years$1,049$601$328$173$89$48
48 years$1,016$574$309$160$81$43
49 years$984$548$290$148$74$39
50 years$953$523$273$137$67$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $976,000, adding $5,857 every year, while hoping to spend $53,627 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: 64/29/7 Blend
49$976,000$976,000$976,000$976,000
50$1,081,593$1,029,865$1,014,737$1,149,038
51$1,134,857$1,023,270$991,672$1,188,093
52$1,191,757$1,014,554$966,037$1,223,864
53$1,252,606$1,003,558$937,690$1,261,535
54$1,317,749$990,109$906,480$1,301,287
55$1,387,565$974,030$872,252$1,343,320
56$1,462,467$955,128$834,843$1,387,857
57$1,542,910$933,200$794,081$1,435,144
58$1,629,393$908,033$749,790$1,485,456
59$1,722,464$879,400$701,781$1,539,097
60$1,822,725$847,061$649,860$1,596,403
61$1,930,837$810,761$593,824$1,657,750
62$2,047,525$770,231$533,460$1,723,552
63$2,173,588$725,187$468,546$1,794,269
64$2,309,901$675,328$398,849$1,870,411
65$2,457,428$620,336$324,128$1,952,545
66$2,617,228$559,875$244,129$2,041,295
67$2,790,466$493,590$158,588$2,137,357
68$2,978,422$421,104$67,229$2,241,500
69$3,182,504$342,022$0$2,354,576
70$3,404,262$255,923$0$2,479,788
71$3,645,399$162,365$0$2,621,427
72$3,907,789$60,881$0$2,775,645
73$4,193,496$0$0$2,943,747
74$4,504,790$0$0$3,142,820
75$4,844,167$0$0$3,381,095
76$5,214,378$0$0$3,641,082
77$5,618,447$0$0$3,924,914
78$6,059,705$0$0$4,234,938
79$6,541,820$0$0$4,573,740
80$7,068,827$0$0$4,944,165
81$7,645,170$0$0$5,349,346
82$8,275,743$0$0$5,792,734
83$8,965,934$0$0$6,278,126
84$9,721,676$0$0$6,809,706
85$10,549,501$0$0$7,392,081
86$11,456,605$0$0$8,030,323
87$12,450,912$0$0$8,730,019
88$13,541,149$0$0$9,497,324
89$14,736,928$0$0$10,339,014
90$16,048,835$0$0$11,262,555
91$17,488,533$0$0$12,276,169
92$19,068,865$0$0$13,388,914
93$20,803,981$0$0$14,610,767
94$22,709,466$0$0$15,952,720
95$24,802,491$0$0$17,426,878
96$27,101,969$0$0$19,046,580
97$29,628,737$0$0$20,826,520
98$32,405,750$0$0$22,782,886
99$35,458,297$0$0$24,933,511
100$38,814,239$0$0$27,298,042