Can I retire at age 50 with 979,000?

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 $979,000?

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$80,845$80,125$79,422$78,736$78,067$76,868
2 years$40,022$39,277$38,554$37,854$37,175$35,970
3 years$26,416$25,668$24,947$24,253$23,585$22,412
4 years$19,615$18,869$18,155$17,473$16,821$15,689
5 years$15,535$14,793$14,089$13,421$12,787$11,698
6 years$12,816$12,080$11,386$10,733$10,118$9,074
7 years$10,875$10,145$9,462$8,824$8,229$7,230
8 years$9,419$8,696$8,024$7,402$6,826$5,873
9 years$8,288$7,571$6,911$6,305$5,749$4,840
10 years$7,383$6,674$6,026$5,435$4,898$4,034
11 years$6,644$5,941$5,305$4,730$4,213$3,391
12 years$6,028$5,332$4,708$4,149$3,651$2,871
13 years$5,507$4,819$4,206$3,663$3,183$2,445
14 years$5,061$4,380$3,779$3,252$2,791$2,092
15 years$4,675$4,002$3,412$2,900$2,457$1,797
16 years$4,337$3,671$3,094$2,596$2,172$1,548
17 years$4,040$3,381$2,815$2,333$1,925$1,338
18 years$3,776$3,124$2,570$2,102$1,712$1,159
19 years$3,540$2,896$2,353$1,900$1,526$1,006
20 years$3,327$2,691$2,159$1,721$1,363$875
21 years$3,136$2,506$1,986$1,562$1,220$762
22 years$2,961$2,340$1,830$1,420$1,093$664
23 years$2,803$2,188$1,690$1,293$981$580
24 years$2,657$2,050$1,563$1,179$882$507
25 years$2,524$1,924$1,448$1,077$794$443
26 years$2,401$1,808$1,343$985$715$388
27 years$2,287$1,702$1,247$901$645$339
28 years$2,182$1,604$1,159$826$582$297
29 years$2,084$1,513$1,079$757$525$261
30 years$1,993$1,429$1,005$695$475$229
31 years$1,908$1,351$937$638$429$200
32 years$1,828$1,278$874$587$388$176
33 years$1,753$1,210$816$539$351$154
34 years$1,683$1,147$762$496$318$136
35 years$1,617$1,088$713$457$288$119
36 years$1,555$1,033$667$421$261$105
37 years$1,496$981$624$388$237$92
38 years$1,441$932$584$357$214$81
39 years$1,388$886$548$330$194$71
40 years$1,338$843$513$304$176$62
41 years$1,291$803$481$280$160$55
42 years$1,246$764$451$259$145$48
43 years$1,204$728$424$239$132$42
44 years$1,163$694$398$221$120$37
45 years$1,125$662$373$204$109$33
46 years$1,088$632$351$188$99$29
47 years$1,052$603$329$174$90$25
48 years$1,019$575$310$161$81$22
49 years$987$549$291$148$74$20
50 years$956$525$274$137$67$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $979,000, adding $5,373 every year, while hoping to spend $44,115 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: 27/47/26 Blend
49$979,000$979,000$979,000$979,000
50$1,084,400$1,032,513$1,017,339$1,104,753
51$1,148,071$1,036,168$1,004,482$1,125,156
52$1,216,758$1,038,524$989,715$1,142,874
53$1,290,925$1,039,470$972,929$1,160,988
54$1,371,085$1,038,889$954,007$1,179,561
55$1,457,798$1,036,657$932,829$1,198,667
56$1,551,682$1,032,642$909,267$1,218,389
57$1,653,416$1,026,704$883,190$1,238,826
58$1,763,745$1,018,693$854,458$1,260,089
59$1,883,491$1,008,453$822,926$1,282,306
60$2,013,556$995,816$788,443$1,305,622
61$2,154,934$980,606$750,851$1,330,202
62$2,308,715$962,634$709,982$1,356,236
63$2,476,103$941,702$665,666$1,383,935
64$2,658,419$917,599$617,719$1,413,541
65$2,857,118$890,102$565,953$1,445,326
66$3,073,803$858,975$510,171$1,479,598
67$3,310,234$823,969$450,165$1,516,703
68$3,568,354$784,818$385,721$1,557,028
69$3,850,296$741,245$316,613$1,601,013
70$4,158,412$692,952$242,606$1,649,147
71$4,495,292$639,628$163,455$1,701,981
72$4,863,783$580,942$78,902$1,760,130
73$5,267,025$516,544$0$1,824,286
74$5,708,472$446,065$0$1,898,361
75$6,191,930$369,115$0$2,003,639
76$6,721,587$285,283$0$2,119,249
77$7,302,060$194,132$0$2,246,351
78$7,938,429$95,204$0$2,386,228
79$8,636,291$0$0$2,540,305
80$9,401,813$0$0$2,716,365
81$10,241,782$0$0$2,963,737
82$11,163,680$0$0$3,235,405
83$12,175,745$0$0$3,533,818
84$13,287,051$0$0$3,861,674
85$14,507,595$0$0$4,221,944
86$15,848,392$0$0$4,617,904
87$17,321,571$0$0$5,053,158
88$18,940,499$0$0$5,531,682
89$20,719,900$0$0$6,057,853
90$22,675,995$0$0$6,636,494
91$24,826,656$0$0$7,272,920
92$27,191,572$0$0$7,972,986
93$29,792,436$0$0$8,743,143
94$32,653,149$0$0$9,590,499
95$35,800,044$0$0$10,522,885
96$39,262,135$0$0$11,548,930
97$43,071,389$0$0$12,678,142
98$47,263,030$0$0$13,920,997
99$51,875,866$0$0$15,289,039
100$56,952,660$0$0$16,794,986