Can I retire at age 50 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$80,927$80,207$79,503$78,817$78,147$76,413
2 years$40,063$39,317$38,594$37,893$37,213$35,475
3 years$26,443$25,694$24,973$24,278$23,609$21,922
4 years$19,635$18,888$18,174$17,491$16,838$15,214
5 years$15,551$14,808$14,104$13,435$12,800$11,244
6 years$12,829$12,092$11,398$10,744$10,128$8,641
7 years$10,886$10,155$9,472$8,833$8,237$6,820
8 years$9,429$8,705$8,033$7,410$6,833$5,486
9 years$8,296$7,579$6,919$6,312$5,755$4,475
10 years$7,391$6,680$6,032$5,441$4,903$3,691
11 years$6,650$5,947$5,310$4,735$4,217$3,070
12 years$6,034$5,338$4,713$4,153$3,654$2,571
13 years$5,513$4,824$4,211$3,667$3,187$2,164
14 years$5,066$4,385$3,783$3,255$2,793$1,831
15 years$4,680$4,006$3,416$2,903$2,460$1,554
16 years$4,342$3,675$3,097$2,599$2,174$1,323
17 years$4,044$3,385$2,818$2,335$1,927$1,130
18 years$3,779$3,128$2,572$2,105$1,714$967
19 years$3,543$2,899$2,355$1,902$1,528$829
20 years$3,331$2,693$2,161$1,722$1,364$711
21 years$3,139$2,509$1,988$1,563$1,221$611
22 years$2,964$2,342$1,832$1,421$1,094$526
23 years$2,806$2,190$1,692$1,294$982$453
24 years$2,660$2,052$1,565$1,181$883$391
25 years$2,527$1,926$1,449$1,078$795$337
26 years$2,403$1,810$1,344$986$716$291
27 years$2,290$1,703$1,248$902$645$251
28 years$2,184$1,605$1,160$827$582$217
29 years$2,086$1,514$1,080$758$526$188
30 years$1,995$1,430$1,006$696$475$162
31 years$1,910$1,352$938$639$430$140
32 years$1,830$1,279$875$587$389$121
33 years$1,755$1,211$817$540$352$105
34 years$1,685$1,148$763$497$318$91
35 years$1,619$1,089$713$457$288$79
36 years$1,556$1,034$667$421$261$68
37 years$1,498$982$625$388$237$59
38 years$1,442$933$585$358$215$51
39 years$1,390$887$548$330$195$44
40 years$1,340$844$514$304$177$38
41 years$1,293$803$482$281$160$33
42 years$1,248$765$452$259$145$29
43 years$1,205$729$424$239$132$25
44 years$1,164$695$398$221$120$22
45 years$1,126$663$374$204$109$19
46 years$1,089$632$351$188$99$16
47 years$1,054$603$330$174$90$14
48 years$1,020$576$310$161$81$12
49 years$988$550$291$149$74$11
50 years$957$525$274$137$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $980,000, adding $3,769 every year, while hoping to spend $20,212 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: 37/39/24 Blend
49$980,000$980,000$980,000$980,000
50$1,083,848$1,031,908$1,016,718$1,116,026
51$1,172,895$1,060,966$1,029,272$1,168,984
52$1,270,347$1,090,770$1,041,570$1,224,007
53$1,377,041$1,121,336$1,053,581$1,283,040
54$1,493,897$1,152,680$1,065,274$1,346,456
55$1,621,929$1,184,815$1,076,615$1,414,668
56$1,762,252$1,217,758$1,087,568$1,488,128
57$1,916,098$1,251,525$1,098,098$1,567,334
58$2,084,821$1,286,130$1,108,165$1,652,836
59$2,269,911$1,321,588$1,117,727$1,745,238
60$2,473,012$1,357,917$1,126,741$1,845,205
61$2,695,934$1,395,129$1,135,162$1,953,470
62$2,940,671$1,433,242$1,142,941$2,070,841
63$3,209,418$1,472,269$1,150,028$2,198,205
64$3,504,594$1,512,226$1,156,369$2,336,544
65$3,828,864$1,553,126$1,161,909$2,486,935
66$4,185,164$1,594,985$1,166,589$2,650,566
67$4,576,728$1,637,817$1,170,347$2,828,747
68$5,007,118$1,681,634$1,173,118$3,022,920
69$5,480,261$1,726,451$1,174,834$3,234,675
70$6,000,481$1,772,280$1,175,424$3,465,761
71$6,572,542$1,819,134$1,174,812$3,718,109
72$7,201,693$1,867,023$1,172,921$3,993,844
73$7,893,719$1,915,960$1,169,666$4,295,308
74$8,654,990$1,965,955$1,164,963$4,625,083
75$9,492,530$2,017,017$1,158,719$4,986,012
76$10,414,072$2,069,155$1,150,840$5,381,230
77$11,428,140$2,122,377$1,141,227$5,814,191
78$12,544,126$2,176,689$1,129,774$6,288,700
79$13,772,378$2,232,098$1,116,372$6,808,953
80$15,124,297$2,288,607$1,100,907$7,379,572
81$16,612,447$2,346,220$1,083,259$8,005,651
82$18,250,670$2,404,939$1,063,302$8,692,804
83$20,054,221$2,464,763$1,040,904$9,447,218
84$22,039,905$2,525,690$1,015,929$10,275,711
85$24,226,245$2,587,719$988,232$11,185,797
86$26,633,647$2,650,841$957,662$12,185,759
87$29,284,598$2,715,052$924,063$13,284,723
88$32,203,877$2,780,339$887,269$14,492,748
89$35,418,788$2,846,692$847,108$15,820,918
90$38,959,419$2,914,094$803,401$17,281,452
91$42,858,923$2,982,528$755,959$18,887,813
92$47,153,835$3,051,974$704,585$20,654,840
93$51,884,412$3,122,406$649,074$22,598,888
94$57,095,015$3,193,798$589,212$24,737,980
95$62,834,530$3,266,117$524,773$27,091,979
96$69,156,823$3,339,328$455,524$29,682,778
97$76,121,256$3,413,391$381,220$32,534,503
98$83,793,239$3,488,262$301,606$35,673,743
99$92,244,854$3,563,892$216,415$39,129,804
100$101,555,532$3,640,225$125,368$42,934,980