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%14.8%
1 years$80,927$80,207$79,503$78,817$78,147$76,600
2 years$40,063$39,317$38,594$37,893$37,213$35,661
3 years$26,443$25,694$24,973$24,278$23,609$22,101
4 years$19,635$18,888$18,174$17,491$16,838$15,385
5 years$15,551$14,808$14,104$13,435$12,800$11,406
6 years$12,829$12,092$11,398$10,744$10,128$8,795
7 years$10,886$10,155$9,472$8,833$8,237$6,964
8 years$9,429$8,705$8,033$7,410$6,833$5,621
9 years$8,296$7,579$6,919$6,312$5,755$4,602
10 years$7,391$6,680$6,032$5,441$4,903$3,810
11 years$6,650$5,947$5,310$4,735$4,217$3,181
12 years$6,034$5,338$4,713$4,153$3,654$2,674
13 years$5,513$4,824$4,211$3,667$3,187$2,261
14 years$5,066$4,385$3,783$3,255$2,793$1,920
15 years$4,680$4,006$3,416$2,903$2,460$1,637
16 years$4,342$3,675$3,097$2,599$2,174$1,400
17 years$4,044$3,385$2,818$2,335$1,927$1,200
18 years$3,779$3,128$2,572$2,105$1,714$1,031
19 years$3,543$2,899$2,355$1,902$1,528$888
20 years$3,331$2,693$2,161$1,722$1,364$766
21 years$3,139$2,509$1,988$1,563$1,221$661
22 years$2,964$2,342$1,832$1,421$1,094$572
23 years$2,806$2,190$1,692$1,294$982$495
24 years$2,660$2,052$1,565$1,181$883$429
25 years$2,527$1,926$1,449$1,078$795$371
26 years$2,403$1,810$1,344$986$716$322
27 years$2,290$1,703$1,248$902$645$280
28 years$2,184$1,605$1,160$827$582$243
29 years$2,086$1,514$1,080$758$526$211
30 years$1,995$1,430$1,006$696$475$183
31 years$1,910$1,352$938$639$430$159
32 years$1,830$1,279$875$587$389$139
33 years$1,755$1,211$817$540$352$121
34 years$1,685$1,148$763$497$318$105
35 years$1,619$1,089$713$457$288$91
36 years$1,556$1,034$667$421$261$79
37 years$1,498$982$625$388$237$69
38 years$1,442$933$585$358$215$60
39 years$1,390$887$548$330$195$52
40 years$1,340$844$514$304$177$46
41 years$1,293$803$482$281$160$40
42 years$1,248$765$452$259$145$35
43 years$1,205$729$424$239$132$30
44 years$1,164$695$398$221$120$26
45 years$1,126$663$374$204$109$23
46 years$1,089$632$351$188$99$20
47 years$1,054$603$330$174$90$17
48 years$1,020$576$310$161$81$15
49 years$988$550$291$149$74$13
50 years$957$525$274$137$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $980,000, adding $2,411 every year, while hoping to spend $44,896 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: 53/30/17 Blend
49$980,000$980,000$980,000$980,000
50$1,082,447$1,030,507$1,015,317$1,134,715
51$1,145,088$1,033,233$1,001,561$1,173,484
52$1,212,613$1,034,587$985,840$1,210,699
53$1,285,473$1,034,456$968,039$1,250,201
54$1,364,165$1,032,718$948,042$1,292,220
55$1,449,231$1,029,243$925,723$1,337,012
56$1,541,271$1,023,894$900,953$1,384,860
57$1,640,942$1,016,526$873,596$1,436,080
58$1,748,967$1,006,984$843,510$1,491,019
59$1,866,140$995,106$810,547$1,550,065
60$1,993,337$980,716$774,551$1,613,646
61$2,131,519$963,633$735,359$1,682,239
62$2,281,744$943,660$692,804$1,756,370
63$2,445,174$920,593$646,706$1,836,622
64$2,623,092$894,212$596,880$1,923,643
65$2,816,905$864,286$543,133$2,018,149
66$3,028,165$830,571$485,263$2,120,932
67$3,258,577$792,808$423,059$2,232,872
68$3,510,019$750,723$356,299$2,354,940
69$3,784,559$704,027$284,753$2,488,212
70$4,084,472$652,412$208,180$2,633,879
71$4,412,264$595,556$126,330$2,793,258
72$4,770,693$533,117$38,940$2,967,806
73$5,162,796$464,731$0$3,159,136
74$5,591,916$390,018$0$3,378,884
75$6,061,735$308,573$0$3,627,345
76$6,576,309$219,969$0$3,899,682
77$7,140,102$123,757$0$4,198,362
78$7,758,031$19,460$0$4,526,107
79$8,435,513$0$0$4,885,920
80$9,178,512$0$0$5,311,961
81$9,993,598$0$0$5,786,482
82$10,888,008$0$0$6,307,284
83$11,869,712$0$0$6,879,021
84$12,947,490$0$0$7,506,819
85$14,131,014$0$0$8,196,327
86$15,430,939$0$0$8,953,764
87$16,859,000$0$0$9,785,984
88$18,428,128$0$0$10,700,538
89$20,152,567$0$0$11,705,742
90$22,048,009$0$0$12,810,759
91$24,131,741$0$0$14,025,687
92$26,422,812$0$0$15,361,645
93$28,942,206$0$0$16,830,890
94$31,713,042$0$0$18,446,922
95$34,760,794$0$0$20,224,617
96$38,113,526$0$0$22,180,364
97$41,802,162$0$0$24,332,222
98$45,860,772$0$0$26,700,087
99$50,326,895$0$0$29,305,882
100$55,241,896$0$0$32,173,764