Can I retire at age 50 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$80,680$79,961$79,260$78,576$77,907$76,210
2 years$39,940$39,197$38,476$37,777$37,099$35,397
3 years$26,362$25,615$24,896$24,204$23,537$21,884
4 years$19,575$18,830$18,118$17,438$16,787$15,196
5 years$15,503$14,763$14,060$13,394$12,761$11,236
6 years$12,790$12,055$11,363$10,711$10,097$8,640
7 years$10,852$10,124$9,443$8,806$8,212$6,823
8 years$9,400$8,678$8,008$7,387$6,813$5,491
9 years$8,271$7,556$6,897$6,292$5,737$4,482
10 years$7,368$6,660$6,013$5,424$4,888$3,699
11 years$6,630$5,929$5,294$4,721$4,204$3,078
12 years$6,015$5,322$4,698$4,141$3,643$2,580
13 years$5,496$4,809$4,198$3,655$3,177$2,173
14 years$5,051$4,371$3,772$3,245$2,785$1,840
15 years$4,665$3,993$3,405$2,894$2,452$1,563
16 years$4,328$3,664$3,087$2,591$2,167$1,332
17 years$4,032$3,374$2,809$2,328$1,922$1,138
18 years$3,768$3,118$2,565$2,098$1,709$974
19 years$3,532$2,890$2,348$1,896$1,523$836
20 years$3,321$2,685$2,155$1,717$1,360$718
21 years$3,129$2,501$1,982$1,558$1,217$618
22 years$2,955$2,335$1,827$1,417$1,091$532
23 years$2,797$2,184$1,687$1,290$979$459
24 years$2,652$2,046$1,560$1,177$880$396
25 years$2,519$1,920$1,445$1,075$792$342
26 years$2,396$1,805$1,340$983$714$295
27 years$2,283$1,698$1,244$900$643$255
28 years$2,178$1,600$1,157$824$580$221
29 years$2,080$1,510$1,076$756$524$191
30 years$1,989$1,426$1,003$694$474$165
31 years$1,904$1,348$935$637$428$143
32 years$1,824$1,275$872$585$387$124
33 years$1,750$1,208$814$538$351$107
34 years$1,680$1,145$761$495$317$93
35 years$1,614$1,086$711$456$287$80
36 years$1,552$1,030$665$420$260$70
37 years$1,493$979$623$387$236$60
38 years$1,438$930$583$357$214$52
39 years$1,385$884$546$329$194$45
40 years$1,336$841$512$303$176$39
41 years$1,289$801$480$280$160$34
42 years$1,244$763$450$258$145$30
43 years$1,201$727$423$238$132$26
44 years$1,161$693$397$220$119$22
45 years$1,122$661$373$203$108$19
46 years$1,085$630$350$188$98$17
47 years$1,050$601$329$173$89$14
48 years$1,017$574$309$160$81$13
49 years$985$548$290$148$74$11
50 years$954$524$273$137$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $977,000, adding $2,660 every year, while hoping to spend $49,967 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: 57/36/7 Blend
49$977,000$977,000$977,000$977,000
50$1,079,398$1,027,617$1,012,473$1,139,115
51$1,136,332$1,024,806$993,227$1,176,792
52$1,197,399$1,020,182$971,661$1,211,974
53$1,262,967$1,013,604$947,645$1,249,074
54$1,333,441$1,004,922$921,042$1,288,278
55$1,409,265$993,977$891,711$1,329,794
56$1,490,928$980,600$859,501$1,373,856
57$1,578,965$964,611$824,256$1,420,720
58$1,673,964$945,822$785,813$1,470,674
59$1,776,572$924,031$744,002$1,524,035
60$1,887,501$899,027$698,644$1,581,157
61$2,007,530$870,583$649,553$1,642,432
62$2,137,518$838,462$596,533$1,708,296
63$2,278,410$802,411$539,382$1,779,231
64$2,431,243$762,165$477,886$1,855,773
65$2,597,158$717,439$411,824$1,938,518
66$2,777,412$667,937$340,964$2,028,124
67$2,973,385$613,343$265,063$2,125,323
68$3,186,596$553,323$183,869$2,230,925
69$3,418,718$487,525$97,117$2,345,827
70$3,671,589$415,576$4,533$2,471,025
71$3,947,235$337,082$0$2,607,622
72$4,247,882$251,628$0$2,763,879
73$4,575,983$158,775$0$2,934,926
74$4,934,237$58,059$0$3,121,944
75$5,325,615$0$0$3,326,616
76$5,753,389$0$0$3,571,007
77$6,221,160$0$0$3,863,480
78$6,732,892$0$0$4,183,524
79$7,292,951$0$0$4,533,882
80$7,906,146$0$0$4,917,570
81$8,577,770$0$0$5,337,913
82$9,313,654$0$0$5,798,572
83$10,120,218$0$0$6,303,578
84$11,004,533$0$0$6,857,372
85$11,974,388$0$0$7,464,843
86$13,038,361$0$0$8,131,380
87$14,205,900$0$0$8,862,914
88$15,487,414$0$0$9,665,982
89$16,894,367$0$0$10,547,784
90$18,439,387$0$0$11,516,249
91$20,136,385$0$0$12,580,114
92$22,000,686$0$0$13,749,003
93$24,049,174$0$0$15,033,519
94$26,300,447$0$0$16,445,342
95$28,774,994$0$0$17,997,342
96$31,495,391$0$0$19,703,694
97$34,486,506$0$0$21,580,018
98$37,775,740$0$0$23,643,524
99$41,393,282$0$0$25,913,172
100$45,372,392$0$0$28,409,851