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%
1 years$80,927$80,207$79,503$78,817$78,147$76,852
2 years$40,063$39,317$38,594$37,893$37,213$35,912
3 years$26,443$25,694$24,973$24,278$23,609$22,343
4 years$19,635$18,888$18,174$17,491$16,838$15,617
5 years$15,551$14,808$14,104$13,435$12,800$11,626
6 years$12,829$12,092$11,398$10,744$10,128$9,004
7 years$10,886$10,155$9,472$8,833$8,237$7,162
8 years$9,429$8,705$8,033$7,410$6,833$5,808
9 years$8,296$7,579$6,919$6,312$5,755$4,778
10 years$7,391$6,680$6,032$5,441$4,903$3,974
11 years$6,650$5,947$5,310$4,735$4,217$3,335
12 years$6,034$5,338$4,713$4,153$3,654$2,818
13 years$5,513$4,824$4,211$3,667$3,187$2,395
14 years$5,066$4,385$3,783$3,255$2,793$2,045
15 years$4,680$4,006$3,416$2,903$2,460$1,753
16 years$4,342$3,675$3,097$2,599$2,174$1,507
17 years$4,044$3,385$2,818$2,335$1,927$1,300
18 years$3,779$3,128$2,572$2,105$1,714$1,124
19 years$3,543$2,899$2,355$1,902$1,528$973
20 years$3,331$2,693$2,161$1,722$1,364$844
21 years$3,139$2,509$1,988$1,563$1,221$734
22 years$2,964$2,342$1,832$1,421$1,094$638
23 years$2,806$2,190$1,692$1,294$982$556
24 years$2,660$2,052$1,565$1,181$883$484
25 years$2,527$1,926$1,449$1,078$795$423
26 years$2,403$1,810$1,344$986$716$369
27 years$2,290$1,703$1,248$902$645$322
28 years$2,184$1,605$1,160$827$582$282
29 years$2,086$1,514$1,080$758$526$246
30 years$1,995$1,430$1,006$696$475$215
31 years$1,910$1,352$938$639$430$188
32 years$1,830$1,279$875$587$389$165
33 years$1,755$1,211$817$540$352$144
34 years$1,685$1,148$763$497$318$127
35 years$1,619$1,089$713$457$288$111
36 years$1,556$1,034$667$421$261$97
37 years$1,498$982$625$388$237$85
38 years$1,442$933$585$358$215$75
39 years$1,390$887$548$330$195$65
40 years$1,340$844$514$304$177$57
41 years$1,293$803$482$281$160$50
42 years$1,248$765$452$259$145$44
43 years$1,205$729$424$239$132$39
44 years$1,164$695$398$221$120$34
45 years$1,126$663$374$204$109$30
46 years$1,089$632$351$188$99$26
47 years$1,054$603$330$174$90$23
48 years$1,020$576$310$161$81$20
49 years$988$550$291$149$74$18
50 years$957$525$274$137$67$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $980,000, adding $6,107 every year, while hoping to spend $37,359 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: 43/34/23 Blend
49$980,000$980,000$980,000$980,000
50$1,086,259$1,034,319$1,019,129$1,125,458
51$1,157,308$1,045,251$1,013,521$1,164,832
52$1,234,352$1,055,467$1,006,472$1,203,393
53$1,317,962$1,064,891$997,895$1,244,424
54$1,408,769$1,073,445$987,699$1,288,172
55$1,507,463$1,081,044$975,787$1,334,912
56$1,614,807$1,087,598$962,059$1,384,948
57$1,731,638$1,093,011$946,408$1,438,620
58$1,858,878$1,097,181$928,725$1,496,301
59$1,997,540$1,100,000$908,894$1,558,404
60$2,148,741$1,101,352$886,794$1,625,391
61$2,313,709$1,101,114$862,298$1,697,768
62$2,493,797$1,099,158$835,275$1,776,100
63$2,690,492$1,095,345$805,584$1,861,009
64$2,905,434$1,089,528$773,083$1,953,184
65$3,140,426$1,081,553$737,619$2,053,391
66$3,397,454$1,071,254$699,033$2,162,473
67$3,678,705$1,058,456$657,162$2,281,365
68$3,986,587$1,042,974$611,831$2,411,101
69$4,323,751$1,024,613$562,860$2,552,825
70$4,693,118$1,003,163$510,060$2,707,802
71$5,097,904$978,406$453,235$2,877,430
72$5,541,649$950,107$392,177$3,063,255
73$6,028,255$918,020$326,673$3,266,987
74$6,562,018$881,883$256,497$3,490,515
75$7,147,668$841,420$181,415$3,735,927
76$7,790,420$796,339$101,181$4,005,531
77$8,496,013$746,330$15,541$4,301,875
78$9,270,773$691,067$0$4,627,778
79$10,121,665$630,202$0$5,004,966
80$11,056,364$563,372$0$5,423,541
81$12,083,325$490,188$0$5,883,553
82$13,211,861$410,244$0$6,389,270
83$14,452,233$323,108$0$6,945,400
84$15,815,744$228,325$0$7,557,136
85$17,314,850$125,412$0$8,230,206
86$18,963,270$13,862$0$8,970,932
87$20,776,121$0$0$9,786,285
88$22,770,059$0$0$10,723,934
89$24,963,434$0$0$11,761,211
90$27,376,465$0$0$12,902,509
91$30,031,427$0$0$14,158,381
92$32,952,867$0$0$15,540,457
93$36,167,828$0$0$17,061,549
94$39,706,108$0$0$18,735,775
95$43,600,542$0$0$20,578,691
96$47,887,307$0$0$22,607,439
97$52,606,266$0$0$24,840,905
98$57,801,345$0$0$27,299,901
99$63,520,942$0$0$30,007,360
100$69,818,390$0$0$32,988,549