Can I retire at age 50 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$80,762$80,043$79,341$78,656$77,987$76,790
2 years$39,981$39,237$38,515$37,815$37,137$35,934
3 years$26,389$25,642$24,922$24,229$23,561$22,389
4 years$19,595$18,849$18,137$17,455$16,804$15,673
5 years$15,519$14,778$14,075$13,407$12,774$11,686
6 years$12,803$12,067$11,375$10,722$10,108$9,065
7 years$10,863$10,134$9,452$8,815$8,220$7,223
8 years$9,410$8,687$8,016$7,395$6,820$5,867
9 years$8,279$7,563$6,904$6,299$5,743$4,835
10 years$7,376$6,667$6,019$5,430$4,893$4,029
11 years$6,637$5,935$5,299$4,725$4,208$3,388
12 years$6,022$5,327$4,703$4,145$3,647$2,868
13 years$5,501$4,814$4,202$3,659$3,180$2,442
14 years$5,056$4,376$3,775$3,248$2,788$2,090
15 years$4,670$3,997$3,409$2,897$2,455$1,795
16 years$4,333$3,668$3,091$2,594$2,169$1,547
17 years$4,036$3,378$2,812$2,331$1,923$1,337
18 years$3,772$3,121$2,567$2,100$1,710$1,158
19 years$3,536$2,893$2,350$1,898$1,524$1,005
20 years$3,324$2,688$2,157$1,719$1,362$874
21 years$3,132$2,504$1,984$1,560$1,219$761
22 years$2,958$2,337$1,828$1,418$1,092$664
23 years$2,800$2,186$1,688$1,292$980$579
24 years$2,655$2,048$1,561$1,178$881$506
25 years$2,521$1,922$1,446$1,076$793$442
26 years$2,399$1,806$1,341$984$714$387
27 years$2,285$1,700$1,245$900$644$339
28 years$2,180$1,602$1,158$825$581$297
29 years$2,082$1,511$1,077$757$525$260
30 years$1,991$1,427$1,004$694$474$228
31 years$1,906$1,349$936$638$429$200
32 years$1,826$1,277$873$586$388$176
33 years$1,751$1,209$815$539$351$154
34 years$1,681$1,146$762$496$318$135
35 years$1,615$1,087$712$456$288$119
36 years$1,553$1,032$666$420$261$104
37 years$1,495$980$623$387$236$92
38 years$1,439$931$584$357$214$81
39 years$1,387$885$547$329$194$71
40 years$1,337$842$513$304$176$62
41 years$1,290$802$481$280$160$55
42 years$1,245$764$451$259$145$48
43 years$1,203$728$423$239$132$42
44 years$1,162$694$397$220$119$37
45 years$1,123$661$373$204$108$33
46 years$1,087$631$350$188$98$29
47 years$1,051$602$329$174$89$25
48 years$1,018$575$309$160$81$22
49 years$986$549$291$148$74$20
50 years$955$524$273$137$67$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $978,000, adding $3,449 every year, while hoping to spend $24,736 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: 32/46/22 Blend
49$978,000$978,000$978,000$978,000
50$1,081,314$1,029,480$1,014,321$1,108,483
51$1,165,289$1,053,605$1,021,981$1,153,348
52$1,257,000$1,078,084$1,029,070$1,199,165
53$1,357,211$1,102,907$1,035,541$1,248,006
54$1,466,761$1,128,064$1,041,346$1,300,152
55$1,586,576$1,153,544$1,046,436$1,355,913
56$1,717,673$1,179,334$1,050,758$1,415,629
57$1,861,174$1,205,420$1,054,257$1,479,677
58$2,018,313$1,231,785$1,056,874$1,548,470
59$2,190,451$1,258,412$1,058,549$1,622,467
60$2,379,084$1,285,281$1,059,217$1,702,170
61$2,585,862$1,312,371$1,058,812$1,788,137
62$2,812,600$1,339,658$1,057,263$1,880,979
63$3,061,300$1,367,116$1,054,496$1,981,374
64$3,334,164$1,394,716$1,050,433$2,090,067
65$3,633,620$1,422,428$1,044,993$2,207,880
66$3,962,340$1,450,218$1,038,092$2,335,720
67$4,323,270$1,478,050$1,029,639$2,474,589
68$4,719,652$1,505,883$1,019,541$2,625,589
69$5,155,062$1,533,676$1,007,700$2,789,939
70$5,633,434$1,561,382$994,014$2,968,980
71$6,159,105$1,588,951$978,374$3,164,193
72$6,736,853$1,616,330$960,670$3,377,213
73$7,371,942$1,643,459$940,782$3,609,839
74$8,070,170$1,670,278$918,587$3,864,059
75$8,837,924$1,696,719$893,957$4,142,065
76$9,682,245$1,722,711$866,757$4,446,273
77$10,610,886$1,748,176$836,846$4,779,348
78$11,632,392$1,773,032$804,075$5,144,231
79$12,756,176$1,797,190$768,292$5,544,164
80$13,992,610$1,820,557$729,334$5,982,721
81$15,353,122$1,843,030$687,033$6,463,846
82$16,850,305$1,864,503$641,213$6,991,887
83$18,498,032$1,884,860$591,689$7,571,640
84$20,311,591$1,903,977$538,270$8,208,392
85$22,307,825$1,921,724$480,754$8,907,975
86$24,505,296$1,937,961$418,932$9,676,818
87$26,924,454$1,952,539$352,584$10,522,012
88$29,587,834$1,965,299$281,481$11,451,376
89$32,520,267$1,976,073$205,385$12,473,529
90$35,749,114$1,984,680$124,045$13,597,977
91$39,304,524$1,990,930$37,201$14,835,201
92$43,219,720$1,994,620$0$16,196,757
93$47,531,309$1,995,534$0$17,708,407
94$52,279,630$1,993,443$0$19,381,344
95$57,509,134$1,988,103$0$21,222,381
96$63,268,802$1,979,257$0$23,248,667
97$69,612,610$1,966,630$0$25,479,102
98$76,600,033$1,949,932$0$27,934,520
99$84,296,611$1,928,853$0$30,637,884
100$92,774,567$1,903,069$0$33,614,502