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%20%
1 years$81,010$80,288$79,584$78,897$78,226$75,093
2 years$40,104$39,357$38,633$37,931$37,251$34,133
3 years$26,470$25,720$24,998$24,303$23,633$20,630
4 years$19,655$18,907$18,192$17,509$16,855$13,989
5 years$15,567$14,823$14,118$13,449$12,813$10,091
6 years$12,842$12,104$11,409$10,755$10,139$7,562
7 years$10,897$10,165$9,481$8,842$8,245$5,814
8 years$9,438$8,714$8,041$7,418$6,840$4,551
9 years$8,305$7,587$6,926$6,318$5,761$3,610
10 years$7,398$6,687$6,038$5,446$4,908$2,893
11 years$6,657$5,953$5,316$4,740$4,221$2,336
12 years$6,040$5,343$4,718$4,157$3,658$1,897
13 years$5,518$4,829$4,215$3,670$3,190$1,548
14 years$5,071$4,389$3,787$3,258$2,796$1,269
15 years$4,684$4,010$3,419$2,906$2,462$1,042
16 years$4,346$3,679$3,100$2,602$2,176$859
17 years$4,048$3,388$2,821$2,338$1,929$709
18 years$3,783$3,131$2,575$2,107$1,716$586
19 years$3,547$2,902$2,357$1,904$1,529$485
20 years$3,334$2,696$2,163$1,724$1,366$402
21 years$3,142$2,511$1,990$1,565$1,222$334
22 years$2,968$2,344$1,834$1,423$1,096$277
23 years$2,808$2,193$1,693$1,296$983$230
24 years$2,663$2,054$1,566$1,182$884$191
25 years$2,529$1,928$1,451$1,079$795$159
26 years$2,406$1,812$1,345$987$716$132
27 years$2,292$1,705$1,249$903$646$110
28 years$2,186$1,607$1,161$828$583$92
29 years$2,088$1,516$1,081$759$526$76
30 years$1,997$1,432$1,007$696$476$64
31 years$1,912$1,353$938$640$430$53
32 years$1,832$1,280$876$588$389$44
33 years$1,757$1,213$818$541$352$37
34 years$1,687$1,149$764$497$319$31
35 years$1,620$1,090$714$458$289$25
36 years$1,558$1,035$668$422$262$21
37 years$1,499$983$625$389$237$18
38 years$1,444$934$586$358$215$15
39 years$1,391$888$549$330$195$12
40 years$1,341$845$514$305$177$10
41 years$1,294$804$482$281$160$9
42 years$1,249$766$452$259$146$7
43 years$1,206$730$424$239$132$6
44 years$1,166$696$398$221$120$5
45 years$1,127$663$374$204$109$4
46 years$1,090$633$351$189$99$3
47 years$1,055$604$330$174$90$3
48 years$1,021$577$310$161$81$2
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 $6,487 every year, while hoping to spend $35,930 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: 70/23/7 Blend
49$981,000$981,000$981,000$981,000
50$1,087,753$1,035,760$1,020,555$1,162,254
51$1,160,475$1,048,283$1,016,514$1,224,899
52$1,239,410$1,060,216$1,011,134$1,288,382
53$1,325,154$1,071,491$1,004,331$1,356,859
54$1,418,363$1,082,037$996,020$1,430,812
55$1,519,757$1,091,778$986,108$1,510,773
56$1,630,131$1,100,633$974,500$1,597,328
57$1,750,356$1,108,516$961,098$1,691,122
58$1,881,394$1,115,335$945,796$1,792,866
59$2,024,301$1,120,992$928,486$1,903,344
60$2,180,242$1,125,382$909,052$2,023,422
61$2,350,497$1,128,396$887,375$2,154,050
62$2,536,475$1,129,915$863,330$2,296,281
63$2,739,730$1,129,815$836,786$2,451,271
64$2,961,969$1,127,963$807,605$2,620,297
65$3,205,075$1,124,218$775,644$2,804,766
66$3,471,118$1,118,430$740,754$3,006,229
67$3,762,380$1,110,442$702,778$3,226,397
68$4,081,373$1,100,083$661,551$3,467,155
69$4,430,863$1,087,177$616,903$3,730,581
70$4,813,896$1,071,535$568,654$4,018,967
71$5,233,828$1,052,954$516,619$4,334,840
72$5,694,354$1,031,225$460,601$4,680,984
73$6,199,544$1,006,120$400,397$5,060,472
74$6,753,881$977,403$335,793$5,476,687
75$7,362,302$944,822$266,568$5,933,364
76$8,030,248$908,109$192,489$6,434,615
77$8,763,709$866,982$113,313$6,984,979
78$9,569,286$821,143$28,788$7,589,456
79$10,454,250$770,276$0$8,253,560
80$11,426,611$714,046$0$8,987,956
81$12,495,192$652,101$0$9,797,352
82$13,669,715$584,068$0$10,687,003
83$14,960,890$509,551$0$11,665,076
84$16,380,515$428,134$0$12,740,573
85$17,941,592$339,376$0$13,923,416
86$19,658,441$242,813$0$15,224,539
87$21,546,844$137,952$0$16,655,999
88$23,624,186$24,276$0$18,231,080
89$25,909,623$0$0$19,964,428
90$28,424,261$0$0$21,897,181
91$31,191,356$0$0$24,030,796
92$34,236,531$0$0$26,378,892
93$37,588,019$0$0$28,963,248
94$41,276,928$0$0$31,807,860
95$45,337,537$0$0$34,939,169
96$49,807,614$0$0$38,386,309
97$54,728,777$0$0$42,181,382
98$60,146,883$0$0$46,359,763
99$66,112,463$0$0$50,960,429
100$72,681,196$0$0$56,026,330