Can I retire at age 50 with 978,000?

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 $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%13.4%
1 years$80,762$80,043$79,341$78,656$77,987$76,885
2 years$39,981$39,237$38,515$37,815$37,137$36,029
3 years$26,389$25,642$24,922$24,229$23,561$22,481
4 years$19,595$18,849$18,137$17,455$16,804$15,761
5 years$15,519$14,778$14,075$13,407$12,774$11,771
6 years$12,803$12,067$11,375$10,722$10,108$9,145
7 years$10,863$10,134$9,452$8,815$8,220$7,299
8 years$9,410$8,687$8,016$7,395$6,820$5,939
9 years$8,279$7,563$6,904$6,299$5,743$4,903
10 years$7,376$6,667$6,019$5,430$4,893$4,094
11 years$6,637$5,935$5,299$4,725$4,208$3,448
12 years$6,022$5,327$4,703$4,145$3,647$2,925
13 years$5,501$4,814$4,202$3,659$3,180$2,496
14 years$5,056$4,376$3,775$3,248$2,788$2,139
15 years$4,670$3,997$3,409$2,897$2,455$1,841
16 years$4,333$3,668$3,091$2,594$2,169$1,590
17 years$4,036$3,378$2,812$2,331$1,923$1,377
18 years$3,772$3,121$2,567$2,100$1,710$1,196
19 years$3,536$2,893$2,350$1,898$1,524$1,040
20 years$3,324$2,688$2,157$1,719$1,362$906
21 years$3,132$2,504$1,984$1,560$1,219$791
22 years$2,958$2,337$1,828$1,418$1,092$691
23 years$2,800$2,186$1,688$1,292$980$605
24 years$2,655$2,048$1,561$1,178$881$530
25 years$2,521$1,922$1,446$1,076$793$464
26 years$2,399$1,806$1,341$984$714$407
27 years$2,285$1,700$1,245$900$644$357
28 years$2,180$1,602$1,158$825$581$314
29 years$2,082$1,511$1,077$757$525$276
30 years$1,991$1,427$1,004$694$474$242
31 years$1,906$1,349$936$638$429$213
32 years$1,826$1,277$873$586$388$188
33 years$1,751$1,209$815$539$351$165
34 years$1,681$1,146$762$496$318$145
35 years$1,615$1,087$712$456$288$128
36 years$1,553$1,032$666$420$261$113
37 years$1,495$980$623$387$236$99
38 years$1,439$931$584$357$214$87
39 years$1,387$885$547$329$194$77
40 years$1,337$842$513$304$176$68
41 years$1,290$802$481$280$160$60
42 years$1,245$764$451$259$145$53
43 years$1,203$728$423$239$132$46
44 years$1,162$694$397$220$119$41
45 years$1,123$661$373$204$108$36
46 years$1,087$631$350$188$98$32
47 years$1,051$602$329$174$89$28
48 years$1,018$575$309$160$81$25
49 years$986$549$291$148$74$22
50 years$955$524$273$137$67$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $978,000, adding $2,446 every year, while hoping to spend $33,174 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: 73/7/20 Blend
49$978,000$978,000$978,000$978,000
50$1,080,279$1,028,445$1,013,286$1,153,793
51$1,155,171$1,043,542$1,011,934$1,218,068
52$1,236,589$1,058,267$1,009,425$1,284,223
53$1,325,166$1,072,566$1,005,685$1,355,853
54$1,421,594$1,086,383$1,000,637$1,433,497
55$1,526,638$1,099,657$994,200$1,517,748
56$1,641,137$1,112,323$986,288$1,609,260
57$1,766,017$1,124,311$976,813$1,708,752
58$1,902,296$1,135,547$965,681$1,817,020
59$2,051,094$1,145,952$952,794$1,934,939
60$2,213,644$1,155,442$938,051$2,063,474
61$2,391,304$1,163,927$921,345$2,203,689
62$2,585,569$1,171,312$902,562$2,356,756
63$2,798,086$1,177,495$881,587$2,523,967
64$3,030,666$1,182,368$858,295$2,706,749
65$3,285,305$1,185,815$832,559$2,906,670
66$3,564,201$1,187,715$804,245$3,125,463
67$3,869,775$1,187,938$773,212$3,365,036
68$4,204,690$1,186,345$739,313$3,627,493
69$4,571,883$1,182,791$702,394$3,915,152
70$4,974,586$1,177,119$662,296$4,230,571
71$5,416,361$1,169,165$618,850$4,576,566
72$5,901,130$1,158,754$571,882$4,956,245
73$6,433,212$1,145,700$521,207$5,373,031
74$7,017,368$1,129,807$466,635$5,830,700
75$7,658,838$1,110,866$407,965$6,333,411
76$8,363,397$1,088,656$344,990$6,885,751
77$9,137,407$1,062,944$277,491$7,492,775
78$9,987,876$1,033,481$205,240$8,160,057
79$10,922,524$1,000,007$128,001$8,893,737
80$11,949,857$962,242$45,524$9,700,588
81$13,079,244$919,894$0$10,588,073
82$14,321,010$872,652$0$11,573,486
83$15,686,528$820,187$0$12,667,782
84$17,188,329$762,151$0$13,871,294
85$18,840,220$698,177$0$15,195,098
86$20,657,412$627,878$0$16,651,405
87$22,656,665$550,841$0$18,253,665
88$24,856,447$466,634$0$20,016,704
89$27,277,103$374,798$0$21,956,854
90$29,941,054$274,849$0$24,092,115
91$32,873,000$166,276$0$26,442,321
92$36,100,161$48,538$0$29,029,328
93$39,652,527$0$0$31,877,220
94$43,563,144$0$0$35,018,616
95$47,868,424$0$0$38,481,217
96$52,608,491$0$0$42,293,560
97$57,827,556$0$0$46,491,211
98$63,574,335$0$0$51,113,360
99$69,902,509$0$0$56,203,189
100$76,871,230$0$0$61,808,282