Can I retire at age 50 with 981,000?

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 $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%19.6%
1 years$81,010$80,288$79,584$78,897$78,226$75,212
2 years$40,104$39,357$38,633$37,931$37,251$34,249
3 years$26,470$25,720$24,998$24,303$23,633$20,740
4 years$19,655$18,907$18,192$17,509$16,855$14,092
5 years$15,567$14,823$14,118$13,449$12,813$10,187
6 years$12,842$12,104$11,409$10,755$10,139$7,651
7 years$10,897$10,165$9,481$8,842$8,245$5,896
8 years$9,438$8,714$8,041$7,418$6,840$4,626
9 years$8,305$7,587$6,926$6,318$5,761$3,679
10 years$7,398$6,687$6,038$5,446$4,908$2,955
11 years$6,657$5,953$5,316$4,740$4,221$2,392
12 years$6,040$5,343$4,718$4,157$3,658$1,948
13 years$5,518$4,829$4,215$3,670$3,190$1,595
14 years$5,071$4,389$3,787$3,258$2,796$1,310
15 years$4,684$4,010$3,419$2,906$2,462$1,080
16 years$4,346$3,679$3,100$2,602$2,176$892
17 years$4,048$3,388$2,821$2,338$1,929$738
18 years$3,783$3,131$2,575$2,107$1,716$612
19 years$3,547$2,902$2,357$1,904$1,529$509
20 years$3,334$2,696$2,163$1,724$1,366$423
21 years$3,142$2,511$1,990$1,565$1,222$352
22 years$2,968$2,344$1,834$1,423$1,096$293
23 years$2,808$2,193$1,693$1,296$983$244
24 years$2,663$2,054$1,566$1,182$884$204
25 years$2,529$1,928$1,451$1,079$795$170
26 years$2,406$1,812$1,345$987$716$142
27 years$2,292$1,705$1,249$903$646$118
28 years$2,186$1,607$1,161$828$583$99
29 years$2,088$1,516$1,081$759$526$83
30 years$1,997$1,432$1,007$696$476$69
31 years$1,912$1,353$938$640$430$58
32 years$1,832$1,280$876$588$389$48
33 years$1,757$1,213$818$541$352$40
34 years$1,687$1,149$764$497$319$34
35 years$1,620$1,090$714$458$289$28
36 years$1,558$1,035$668$422$262$23
37 years$1,499$983$625$389$237$20
38 years$1,444$934$586$358$215$16
39 years$1,391$888$549$330$195$14
40 years$1,341$845$514$305$177$11
41 years$1,294$804$482$281$160$10
42 years$1,249$766$452$259$146$8
43 years$1,206$730$424$239$132$7
44 years$1,166$696$398$221$120$6
45 years$1,127$663$374$204$109$5
46 years$1,090$633$351$189$99$4
47 years$1,055$604$330$174$90$3
48 years$1,021$577$310$161$81$3
49 years$989$551$292$149$74$2
50 years$958$526$274$138$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $981,000, adding $3,156 every year, while hoping to spend $40,184 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: 56/36/8 Blend
49$981,000$981,000$981,000$981,000
50$1,084,317$1,032,324$1,017,119$1,142,844
51$1,152,162$1,040,153$1,008,437$1,190,514
52$1,225,581$1,047,018$998,117$1,237,666
53$1,305,098$1,052,830$986,063$1,288,044
54$1,391,294$1,057,495$972,171$1,341,961
55$1,484,803$1,060,909$956,337$1,399,762
56$1,586,326$1,062,967$938,447$1,461,829
57$1,696,631$1,063,552$918,385$1,528,585
58$1,816,565$1,062,544$896,028$1,600,495
59$1,947,060$1,059,813$871,250$1,678,075
60$2,089,138$1,055,222$843,915$1,761,895
61$2,243,928$1,048,626$813,884$1,852,583
62$2,412,670$1,039,870$781,010$1,950,835
63$2,596,729$1,028,791$745,141$2,057,418
64$2,797,609$1,015,214$706,117$2,173,183
65$3,016,962$998,957$663,769$2,299,066
66$3,256,611$979,825$617,923$2,436,103
67$3,518,559$957,610$568,398$2,585,438
68$3,805,014$932,094$515,001$2,748,336
69$4,118,405$903,047$457,533$2,926,192
70$4,461,408$870,222$395,787$3,120,547
71$4,836,970$833,362$329,544$3,333,105
72$5,248,335$792,190$258,577$3,565,745
73$5,699,076$746,418$182,651$3,820,544
74$6,193,128$695,739$101,516$4,099,793
75$6,734,825$639,828$14,914$4,406,023
76$7,328,940$578,342$0$4,742,029
77$7,980,730$510,920$0$5,117,510
78$8,695,987$437,177$0$5,531,045
79$9,481,088$356,709$0$5,985,142
80$10,343,060$269,088$0$6,483,977
81$11,289,642$173,864$0$7,032,153
82$12,329,361$70,558$0$7,634,755
83$13,471,608$0$0$8,297,386
84$14,726,731$0$0$9,042,605
85$16,106,130$0$0$9,892,424
86$17,622,360$0$0$10,826,640
87$19,289,259$0$0$11,853,790
88$21,122,068$0$0$12,983,278
89$23,137,580$0$0$14,225,467
90$25,354,298$0$0$15,591,772
91$27,792,607$0$0$17,094,773
92$30,474,967$0$0$18,748,328
93$33,426,124$0$0$20,567,707
94$36,673,345$0$0$22,569,735
95$40,246,672$0$0$24,772,949
96$44,179,206$0$0$27,197,776
97$48,507,421$0$0$29,866,722
98$53,271,505$0$0$32,804,586
99$58,515,739$0$0$36,038,693
100$64,288,918$0$0$39,599,152