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%12.7%
1 years$80,762$80,043$79,341$78,656$77,987$77,109
2 years$39,981$39,237$38,515$37,815$37,137$36,252
3 years$26,389$25,642$24,922$24,229$23,561$22,698
4 years$19,595$18,849$18,137$17,455$16,804$15,969
5 years$15,519$14,778$14,075$13,407$12,774$11,970
6 years$12,803$12,067$11,375$10,722$10,108$9,335
7 years$10,863$10,134$9,452$8,815$8,220$7,480
8 years$9,410$8,687$8,016$7,395$6,820$6,111
9 years$8,279$7,563$6,904$6,299$5,743$5,066
10 years$7,376$6,667$6,019$5,430$4,893$4,248
11 years$6,637$5,935$5,299$4,725$4,208$3,593
12 years$6,022$5,327$4,703$4,145$3,647$3,062
13 years$5,501$4,814$4,202$3,659$3,180$2,624
14 years$5,056$4,376$3,775$3,248$2,788$2,260
15 years$4,670$3,997$3,409$2,897$2,455$1,955
16 years$4,333$3,668$3,091$2,594$2,169$1,696
17 years$4,036$3,378$2,812$2,331$1,923$1,476
18 years$3,772$3,121$2,567$2,100$1,710$1,288
19 years$3,536$2,893$2,350$1,898$1,524$1,126
20 years$3,324$2,688$2,157$1,719$1,362$987
21 years$3,132$2,504$1,984$1,560$1,219$866
22 years$2,958$2,337$1,828$1,418$1,092$760
23 years$2,800$2,186$1,688$1,292$980$669
24 years$2,655$2,048$1,561$1,178$881$589
25 years$2,521$1,922$1,446$1,076$793$519
26 years$2,399$1,806$1,341$984$714$458
27 years$2,285$1,700$1,245$900$644$404
28 years$2,180$1,602$1,158$825$581$357
29 years$2,082$1,511$1,077$757$525$315
30 years$1,991$1,427$1,004$694$474$279
31 years$1,906$1,349$936$638$429$247
32 years$1,826$1,277$873$586$388$218
33 years$1,751$1,209$815$539$351$193
34 years$1,681$1,146$762$496$318$171
35 years$1,615$1,087$712$456$288$151
36 years$1,553$1,032$666$420$261$134
37 years$1,495$980$623$387$236$119
38 years$1,439$931$584$357$214$105
39 years$1,387$885$547$329$194$93
40 years$1,337$842$513$304$176$83
41 years$1,290$802$481$280$160$73
42 years$1,245$764$451$259$145$65
43 years$1,203$728$423$239$132$58
44 years$1,162$694$397$220$119$51
45 years$1,123$661$373$204$108$45
46 years$1,087$631$350$188$98$40
47 years$1,051$602$329$174$89$36
48 years$1,018$575$309$160$81$32
49 years$986$549$291$148$74$28
50 years$955$524$273$137$67$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $978,000, adding $6,776 every year, while hoping to spend $26,358 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: 66/17/17 Blend
49$978,000$978,000$978,000$978,000
50$1,084,745$1,032,911$1,017,752$1,151,402
51$1,167,345$1,055,479$1,023,802$1,219,415
52$1,257,486$1,078,270$1,029,172$1,290,056
53$1,355,910$1,101,266$1,033,810$1,366,632
54$1,463,434$1,124,448$1,037,663$1,449,723
55$1,580,955$1,147,797$1,040,676$1,539,971
56$1,709,463$1,171,291$1,042,790$1,638,080
57$1,850,048$1,194,903$1,043,942$1,744,827
58$2,003,908$1,218,609$1,044,070$1,861,070
59$2,172,365$1,242,379$1,043,104$1,987,750
60$2,356,872$1,266,181$1,040,974$2,125,908
61$2,559,030$1,289,981$1,037,604$2,276,689
62$2,780,605$1,313,744$1,032,917$2,441,356
63$3,023,537$1,337,428$1,026,830$2,621,301
64$3,289,967$1,360,990$1,019,258$2,818,057
65$3,582,250$1,384,386$1,010,110$3,033,312
66$3,902,982$1,407,564$999,291$3,268,931
67$4,255,023$1,430,471$986,704$3,526,965
68$4,641,521$1,453,049$972,244$3,809,676
69$5,065,944$1,475,237$955,803$4,119,558
70$5,532,115$1,496,968$937,267$4,459,358
71$6,044,243$1,518,172$916,517$4,832,104
72$6,606,966$1,538,772$893,430$5,241,134
73$7,225,391$1,558,687$867,876$5,690,127
74$7,905,149$1,577,830$839,717$6,183,137
75$8,652,439$1,596,108$808,812$6,724,632
76$9,474,092$1,613,423$775,012$7,319,538
77$10,377,637$1,629,667$738,162$7,973,282
78$11,371,364$1,644,729$698,098$8,691,848
79$12,464,410$1,658,488$654,652$9,481,828
80$13,666,842$1,670,816$607,645$10,350,492
81$14,989,750$1,681,577$556,891$11,305,848
82$16,445,355$1,690,624$502,198$12,356,725
83$18,047,121$1,697,805$443,361$13,512,853
84$19,809,884$1,702,954$380,171$14,784,955
85$21,749,991$1,705,897$312,405$16,184,852
86$23,885,453$1,706,449$239,833$17,725,570
87$26,236,116$1,704,411$162,214$19,421,467
88$28,823,848$1,699,576$79,297$21,288,366
89$31,672,746$1,691,721$0$23,343,707
90$34,809,361$1,680,611$0$25,608,379
91$38,262,950$1,665,994$0$28,117,357
92$42,065,751$1,647,608$0$30,879,643
93$46,253,286$1,625,169$0$33,921,022
94$50,864,700$1,598,381$0$37,269,912
95$55,943,126$1,566,929$0$40,957,627
96$61,536,093$1,530,477$0$45,018,678
97$67,695,977$1,488,672$0$49,491,093
98$74,480,489$1,441,140$0$54,416,781
99$81,953,227$1,387,483$0$59,841,926
100$90,184,269$1,327,283$0$65,817,423