Can I retire at age 50 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$81,010$80,288$79,584$78,897$78,226$77,153
2 years$40,104$39,357$38,633$37,931$37,251$36,171
3 years$26,470$25,720$24,998$24,303$23,633$22,581
4 years$19,655$18,907$18,192$17,509$16,855$15,839
5 years$15,567$14,823$14,118$13,449$12,813$11,835
6 years$12,842$12,104$11,409$10,755$10,139$9,200
7 years$10,897$10,165$9,481$8,842$8,245$7,347
8 years$9,438$8,714$8,041$7,418$6,840$5,982
9 years$8,305$7,587$6,926$6,318$5,761$4,941
10 years$7,398$6,687$6,038$5,446$4,908$4,128
11 years$6,657$5,953$5,316$4,740$4,221$3,479
12 years$6,040$5,343$4,718$4,157$3,658$2,953
13 years$5,518$4,829$4,215$3,670$3,190$2,521
14 years$5,071$4,389$3,787$3,258$2,796$2,163
15 years$4,684$4,010$3,419$2,906$2,462$1,863
16 years$4,346$3,679$3,100$2,602$2,176$1,610
17 years$4,048$3,388$2,821$2,338$1,929$1,395
18 years$3,783$3,131$2,575$2,107$1,716$1,212
19 years$3,547$2,902$2,357$1,904$1,529$1,055
20 years$3,334$2,696$2,163$1,724$1,366$920
21 years$3,142$2,511$1,990$1,565$1,222$804
22 years$2,968$2,344$1,834$1,423$1,096$703
23 years$2,808$2,193$1,693$1,296$983$615
24 years$2,663$2,054$1,566$1,182$884$539
25 years$2,529$1,928$1,451$1,079$795$473
26 years$2,406$1,812$1,345$987$716$415
27 years$2,292$1,705$1,249$903$646$365
28 years$2,186$1,607$1,161$828$583$321
29 years$2,088$1,516$1,081$759$526$282
30 years$1,997$1,432$1,007$696$476$248
31 years$1,912$1,353$938$640$430$218
32 years$1,832$1,280$876$588$389$192
33 years$1,757$1,213$818$541$352$169
34 years$1,687$1,149$764$497$319$149
35 years$1,620$1,090$714$458$289$131
36 years$1,558$1,035$668$422$262$116
37 years$1,499$983$625$389$237$102
38 years$1,444$934$586$358$215$90
39 years$1,391$888$549$330$195$79
40 years$1,341$845$514$305$177$70
41 years$1,294$804$482$281$160$62
42 years$1,249$766$452$259$146$54
43 years$1,206$730$424$239$132$48
44 years$1,166$696$398$221$120$42
45 years$1,127$663$374$204$109$37
46 years$1,090$633$351$189$99$33
47 years$1,055$604$330$174$90$29
48 years$1,021$577$310$161$81$26
49 years$989$551$292$149$74$23
50 years$958$526$274$138$67$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $981,000, adding $4,716 every year, while hoping to spend $46,594 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: 66/29/5 Blend
49$981,000$981,000$981,000$981,000
50$1,085,927$1,033,934$1,018,728$1,156,587
51$1,147,115$1,035,021$1,003,280$1,205,153
52$1,212,984$1,034,599$985,752$1,252,157
53$1,283,960$1,032,547$966,027$1,302,269
54$1,360,514$1,028,732$943,979$1,355,787
55$1,443,163$1,023,016$919,479$1,413,037
56$1,532,474$1,015,252$892,390$1,474,380
57$1,629,072$1,005,285$862,570$1,540,216
58$1,733,641$992,947$829,870$1,610,985
59$1,846,936$978,066$794,134$1,687,174
60$1,969,786$960,453$755,200$1,769,322
61$2,103,102$939,913$712,897$1,858,023
62$2,247,886$916,237$667,047$1,953,933
63$2,405,243$889,204$617,465$2,057,778
64$2,576,383$858,582$563,956$2,170,360
65$2,762,644$824,121$506,318$2,292,563
66$2,965,491$785,561$444,338$2,425,366
67$3,186,543$742,625$377,795$2,569,848
68$3,427,577$695,020$306,457$2,727,202
69$3,690,551$642,437$230,084$2,898,745
70$3,977,618$584,548$148,424$3,085,933
71$4,291,152$521,008$61,213$3,290,370
72$4,633,762$451,450$0$3,513,831
73$5,008,323$375,488$0$3,759,974
74$5,418,000$292,715$0$4,032,857
75$5,866,277$202,699$0$4,331,614
76$6,356,991$104,985$0$4,658,898
77$6,894,367$0$0$5,017,636
78$7,483,058$0$0$5,411,346
79$8,128,187$0$0$5,879,578
80$8,835,398$0$0$6,392,932
81$9,610,905$0$0$6,955,927
82$10,461,555$0$0$7,573,542
83$11,394,887$0$0$8,251,259
84$12,419,205$0$0$8,995,118
85$13,543,659$0$0$9,811,770
86$14,778,323$0$0$10,708,544
87$16,134,300$0$0$11,693,512
88$17,623,817$0$0$12,775,567
89$19,260,345$0$0$13,964,505
90$21,058,724$0$0$15,271,119
91$23,035,304$0$0$16,707,297
92$25,208,095$0$0$18,286,139
93$27,596,941$0$0$20,022,076
94$30,223,704$0$0$21,931,007
95$33,112,471$0$0$24,030,449
96$36,289,780$0$0$26,339,703
97$39,784,870$0$0$28,880,032
98$43,629,955$0$0$31,674,865
99$47,860,529$0$0$34,750,018
100$52,515,703$0$0$38,133,932