Can I retire at age 50 with 980,000?

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 $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%16%
1 years$80,927$80,207$79,503$78,817$78,147$76,226
2 years$40,063$39,317$38,594$37,893$37,213$35,290
3 years$26,443$25,694$24,973$24,278$23,609$21,744
4 years$19,635$18,888$18,174$17,491$16,838$15,045
5 years$15,551$14,808$14,104$13,435$12,800$11,084
6 years$12,829$12,092$11,398$10,744$10,128$8,491
7 years$10,886$10,155$9,472$8,833$8,237$6,678
8 years$9,429$8,705$8,033$7,410$6,833$5,353
9 years$8,296$7,579$6,919$6,312$5,755$4,351
10 years$7,391$6,680$6,032$5,441$4,903$3,575
11 years$6,650$5,947$5,310$4,735$4,217$2,962
12 years$6,034$5,338$4,713$4,153$3,654$2,471
13 years$5,513$4,824$4,211$3,667$3,187$2,072
14 years$5,066$4,385$3,783$3,255$2,793$1,745
15 years$4,680$4,006$3,416$2,903$2,460$1,476
16 years$4,342$3,675$3,097$2,599$2,174$1,251
17 years$4,044$3,385$2,818$2,335$1,927$1,064
18 years$3,779$3,128$2,572$2,105$1,714$906
19 years$3,543$2,899$2,355$1,902$1,528$773
20 years$3,331$2,693$2,161$1,722$1,364$661
21 years$3,139$2,509$1,988$1,563$1,221$565
22 years$2,964$2,342$1,832$1,421$1,094$484
23 years$2,806$2,190$1,692$1,294$982$415
24 years$2,660$2,052$1,565$1,181$883$356
25 years$2,527$1,926$1,449$1,078$795$306
26 years$2,403$1,810$1,344$986$716$263
27 years$2,290$1,703$1,248$902$645$226
28 years$2,184$1,605$1,160$827$582$194
29 years$2,086$1,514$1,080$758$526$167
30 years$1,995$1,430$1,006$696$475$144
31 years$1,910$1,352$938$639$430$124
32 years$1,830$1,279$875$587$389$106
33 years$1,755$1,211$817$540$352$92
34 years$1,685$1,148$763$497$318$79
35 years$1,619$1,089$713$457$288$68
36 years$1,556$1,034$667$421$261$59
37 years$1,498$982$625$388$237$50
38 years$1,442$933$585$358$215$43
39 years$1,390$887$548$330$195$37
40 years$1,340$844$514$304$177$32
41 years$1,293$803$482$281$160$28
42 years$1,248$765$452$259$145$24
43 years$1,205$729$424$239$132$21
44 years$1,164$695$398$221$120$18
45 years$1,126$663$374$204$109$15
46 years$1,089$632$351$188$99$13
47 years$1,054$603$330$174$90$11
48 years$1,020$576$310$161$81$10
49 years$988$550$291$149$74$8
50 years$957$525$274$137$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $980,000, adding $6,943 every year, while hoping to spend $43,214 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: 55/34/11 Blend
49$980,000$980,000$980,000$980,000
50$1,087,122$1,035,182$1,019,992$1,143,523
51$1,152,029$1,039,926$1,008,182$1,187,275
52$1,222,108$1,043,455$994,528$1,229,567
53$1,297,841$1,045,663$978,923$1,274,596
54$1,379,758$1,046,437$961,255$1,322,632
55$1,468,441$1,045,660$941,404$1,373,970
56$1,564,531$1,043,206$919,250$1,428,941
57$1,668,729$1,038,940$894,661$1,487,908
58$1,781,812$1,032,720$867,505$1,551,276
59$1,904,630$1,024,396$837,639$1,619,489
60$2,038,118$1,013,808$804,916$1,693,042
61$2,183,308$1,000,786$769,182$1,772,481
62$2,341,332$985,151$730,277$1,858,411
63$2,513,438$966,713$688,031$1,951,501
64$2,700,997$945,270$642,268$2,052,491
65$2,905,519$920,609$592,804$2,162,198
66$3,128,666$892,504$539,448$2,281,529
67$3,372,269$860,715$481,998$2,411,484
68$3,638,340$824,990$420,245$2,553,169
69$3,929,096$785,060$353,969$2,707,808
70$4,246,979$740,642$282,941$2,876,754
71$4,594,674$691,438$206,923$3,061,500
72$4,975,141$637,129$125,666$3,263,699
73$5,391,638$577,380$38,908$3,485,178
74$5,847,753$511,839$0$3,727,953
75$6,347,435$440,131$0$4,000,553
76$6,895,036$361,859$0$4,304,424
77$7,495,347$276,608$0$4,637,750
78$8,153,646$183,936$0$5,003,571
79$8,875,745$83,376$0$5,405,246
80$9,668,047$0$0$5,846,477
81$10,537,604$0$0$6,340,919
82$11,492,183$0$0$6,918,043
83$12,540,341$0$0$7,551,839
84$13,691,503$0$0$8,248,020
85$14,956,054$0$0$9,012,876
86$16,345,431$0$0$9,853,340
87$17,872,237$0$0$10,777,048
88$19,550,353$0$0$11,792,412
89$21,395,074$0$0$12,908,700
90$23,423,250$0$0$14,136,124
91$25,653,446$0$0$15,485,933
92$28,106,113$0$0$16,970,522
93$30,803,787$0$0$18,603,547
94$33,771,296$0$0$20,400,056
95$37,035,994$0$0$22,376,624
96$40,628,023$0$0$24,551,520
97$44,580,590$0$0$26,944,868
98$48,930,288$0$0$29,578,843
99$53,717,432$0$0$32,477,881
100$58,986,448$0$0$35,668,903