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%16.9%
1 years$80,762$80,043$79,341$78,656$77,987$75,795
2 years$39,981$39,237$38,515$37,815$37,137$34,944
3 years$26,389$25,642$24,922$24,229$23,561$21,438
4 years$19,595$18,849$18,137$17,455$16,804$14,766
5 years$15,519$14,778$14,075$13,407$12,774$10,827
6 years$12,803$12,067$11,375$10,722$10,108$8,253
7 years$10,863$10,134$9,452$8,815$8,220$6,458
8 years$9,410$8,687$8,016$7,395$6,820$5,149
9 years$8,279$7,563$6,904$6,299$5,743$4,163
10 years$7,376$6,667$6,019$5,430$4,893$3,401
11 years$6,637$5,935$5,299$4,725$4,208$2,802
12 years$6,022$5,327$4,703$4,145$3,647$2,324
13 years$5,501$4,814$4,202$3,659$3,180$1,937
14 years$5,056$4,376$3,775$3,248$2,788$1,621
15 years$4,670$3,997$3,409$2,897$2,455$1,362
16 years$4,333$3,668$3,091$2,594$2,169$1,148
17 years$4,036$3,378$2,812$2,331$1,923$969
18 years$3,772$3,121$2,567$2,100$1,710$820
19 years$3,536$2,893$2,350$1,898$1,524$695
20 years$3,324$2,688$2,157$1,719$1,362$590
21 years$3,132$2,504$1,984$1,560$1,219$501
22 years$2,958$2,337$1,828$1,418$1,092$426
23 years$2,800$2,186$1,688$1,292$980$363
24 years$2,655$2,048$1,561$1,178$881$309
25 years$2,521$1,922$1,446$1,076$793$264
26 years$2,399$1,806$1,341$984$714$225
27 years$2,285$1,700$1,245$900$644$192
28 years$2,180$1,602$1,158$825$581$164
29 years$2,082$1,511$1,077$757$525$140
30 years$1,991$1,427$1,004$694$474$119
31 years$1,906$1,349$936$638$429$102
32 years$1,826$1,277$873$586$388$87
33 years$1,751$1,209$815$539$351$75
34 years$1,681$1,146$762$496$318$64
35 years$1,615$1,087$712$456$288$54
36 years$1,553$1,032$666$420$261$47
37 years$1,495$980$623$387$236$40
38 years$1,439$931$584$357$214$34
39 years$1,387$885$547$329$194$29
40 years$1,337$842$513$304$176$25
41 years$1,290$802$481$280$160$21
42 years$1,245$764$451$259$145$18
43 years$1,203$728$423$239$132$16
44 years$1,162$694$397$220$119$13
45 years$1,123$661$373$204$108$11
46 years$1,087$631$350$188$98$10
47 years$1,051$602$329$174$89$8
48 years$1,018$575$309$160$81$7
49 years$986$549$291$148$74$6
50 years$955$524$273$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $978,000, adding $3,524 every year, while hoping to spend $55,154 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: 71/22/7 Blend
49$978,000$978,000$978,000$978,000
50$1,081,391$1,029,557$1,014,398$1,156,779
51$1,133,009$1,021,322$989,697$1,198,810
52$1,188,044$1,010,835$962,320$1,237,627
53$1,246,786$997,927$932,119$1,278,588
54$1,309,553$982,420$898,939$1,321,887
55$1,376,693$964,124$862,619$1,367,742
56$1,448,589$942,839$822,990$1,416,395
57$1,525,659$918,353$779,875$1,468,111
58$1,608,364$890,440$733,088$1,523,185
59$1,697,209$858,862$682,438$1,581,943
60$1,792,746$823,369$627,722$1,644,746
61$1,895,584$783,692$568,729$1,711,994
62$2,006,391$739,550$505,239$1,784,127
63$2,125,901$690,646$437,022$1,861,634
64$2,254,918$636,663$363,837$1,945,057
65$2,394,329$577,269$285,435$2,034,992
66$2,545,106$512,110$201,552$2,132,102
67$2,708,319$440,816$111,916$2,237,116
68$2,885,143$362,991$16,241$2,350,845
69$3,076,871$278,222$0$2,474,182
70$3,284,926$186,068$0$2,614,529
71$3,510,869$86,066$0$2,768,277
72$3,756,422$0$0$2,935,445
73$4,023,475$0$0$3,122,786
74$4,314,110$0$0$3,349,389
75$4,630,618$0$0$3,596,210
76$4,975,519$0$0$3,865,221
77$5,351,585$0$0$4,158,590
78$5,761,870$0$0$4,478,704
79$6,209,734$0$0$4,828,192
80$6,698,874$0$0$5,209,947
81$7,233,363$0$0$5,627,153
82$7,817,683$0$0$6,083,316
83$8,456,768$0$0$6,582,298
84$9,156,053$0$0$7,128,347
85$9,921,521$0$0$7,726,146
86$10,759,761$0$0$8,380,846
87$11,678,028$0$0$9,098,126
88$12,684,312$0$0$9,884,234
89$13,787,414$0$0$10,746,056
90$14,997,025$0$0$11,691,173
91$16,323,820$0$0$12,727,936
92$17,779,557$0$0$13,865,543
93$19,377,187$0$0$15,114,126
94$21,130,974$0$0$16,484,845
95$23,056,633$0$0$17,989,993
96$25,171,474$0$0$19,643,112
97$27,494,565$0$0$21,459,121
98$30,046,912$0$0$23,454,453
99$32,851,658$0$0$25,647,215
100$35,934,297$0$0$28,057,351