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%18.9%
1 years$81,010$80,288$79,584$78,897$78,226$75,421
2 years$40,104$39,357$38,633$37,931$37,251$34,454
3 years$26,470$25,720$24,998$24,303$23,633$20,934
4 years$19,655$18,907$18,192$17,509$16,855$14,274
5 years$15,567$14,823$14,118$13,449$12,813$10,357
6 years$12,842$12,104$11,409$10,755$10,139$7,809
7 years$10,897$10,165$9,481$8,842$8,245$6,041
8 years$9,438$8,714$8,041$7,418$6,840$4,760
9 years$8,305$7,587$6,926$6,318$5,761$3,802
10 years$7,398$6,687$6,038$5,446$4,908$3,067
11 years$6,657$5,953$5,316$4,740$4,221$2,495
12 years$6,040$5,343$4,718$4,157$3,658$2,041
13 years$5,518$4,829$4,215$3,670$3,190$1,679
14 years$5,071$4,389$3,787$3,258$2,796$1,386
15 years$4,684$4,010$3,419$2,906$2,462$1,148
16 years$4,346$3,679$3,100$2,602$2,176$953
17 years$4,048$3,388$2,821$2,338$1,929$793
18 years$3,783$3,131$2,575$2,107$1,716$661
19 years$3,547$2,902$2,357$1,904$1,529$552
20 years$3,334$2,696$2,163$1,724$1,366$461
21 years$3,142$2,511$1,990$1,565$1,222$386
22 years$2,968$2,344$1,834$1,423$1,096$323
23 years$2,808$2,193$1,693$1,296$983$271
24 years$2,663$2,054$1,566$1,182$884$227
25 years$2,529$1,928$1,451$1,079$795$191
26 years$2,406$1,812$1,345$987$716$160
27 years$2,292$1,705$1,249$903$646$134
28 years$2,186$1,607$1,161$828$583$113
29 years$2,088$1,516$1,081$759$526$95
30 years$1,997$1,432$1,007$696$476$80
31 years$1,912$1,353$938$640$430$67
32 years$1,832$1,280$876$588$389$56
33 years$1,757$1,213$818$541$352$47
34 years$1,687$1,149$764$497$319$40
35 years$1,620$1,090$714$458$289$33
36 years$1,558$1,035$668$422$262$28
37 years$1,499$983$625$389$237$24
38 years$1,444$934$586$358$215$20
39 years$1,391$888$549$330$195$17
40 years$1,341$845$514$305$177$14
41 years$1,294$804$482$281$160$12
42 years$1,249$766$452$259$146$10
43 years$1,206$730$424$239$132$8
44 years$1,166$696$398$221$120$7
45 years$1,127$663$374$204$109$6
46 years$1,090$633$351$189$99$5
47 years$1,055$604$330$174$90$4
48 years$1,021$577$310$161$81$4
49 years$989$551$292$149$74$3
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 $3,622 every year, while hoping to spend $35,500 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: 55/37/8 Blend
49$981,000$981,000$981,000$981,000
50$1,084,798$1,032,805$1,017,600$1,142,207
51$1,157,676$1,045,641$1,013,917$1,194,248
52$1,236,797$1,057,916$1,008,922$1,246,646
53$1,322,762$1,069,565$1,002,532$1,302,836
54$1,416,229$1,080,519$994,662$1,363,185
55$1,517,923$1,090,703$985,223$1,428,095
56$1,628,644$1,100,040$974,120$1,498,012
57$1,749,269$1,108,445$961,256$1,573,428
58$1,880,764$1,115,829$946,528$1,654,886
59$2,024,193$1,122,096$929,829$1,742,984
60$2,180,728$1,127,146$911,045$1,838,384
61$2,351,656$1,130,870$890,059$1,941,815
62$2,538,396$1,133,154$866,747$2,054,082
63$2,742,511$1,133,876$840,981$2,176,074
64$2,965,718$1,132,908$812,625$2,308,773
65$3,209,913$1,130,111$781,539$2,453,260
66$3,477,178$1,125,341$747,575$2,610,731
67$3,769,810$1,118,442$710,578$2,782,505
68$4,090,335$1,109,251$670,388$2,970,035
69$4,441,539$1,097,594$626,835$3,174,930
70$4,826,486$1,083,286$579,745$3,398,959
71$5,248,553$1,066,133$528,931$3,644,080
72$5,711,459$1,045,926$474,203$3,912,449
73$6,219,298$1,022,447$415,360$4,206,449
74$6,776,584$995,464$352,192$4,528,705
75$7,388,284$964,731$284,479$4,882,116
76$8,059,873$929,987$211,993$5,269,880
77$8,797,381$890,957$134,496$5,695,526
78$9,607,450$847,349$51,737$6,162,946
79$10,497,396$798,856$0$6,676,434
80$11,475,282$745,152$0$7,243,849
81$12,549,988$685,891$0$7,872,210
82$13,731,297$620,710$0$8,562,885
83$15,029,987$549,223$0$9,322,257
84$16,457,934$471,023$0$10,157,365
85$18,028,221$385,680$0$11,075,973
86$19,755,261$292,740$0$12,086,640
87$21,654,937$191,724$0$13,198,805
88$23,744,745$82,123$0$14,422,878
89$26,043,966$0$0$15,770,335
90$28,573,841$0$0$17,268,733
91$31,357,775$0$0$18,954,505
92$34,421,556$0$0$20,809,842
93$37,793,599$0$0$22,851,966
94$41,505,214$0$0$25,099,852
95$45,590,899$0$0$27,574,407
96$50,088,666$0$0$30,298,669
97$55,040,402$0$0$33,298,024
98$60,492,260$0$0$36,600,443
99$66,495,095$0$0$40,236,748
100$73,104,948$0$0$44,240,903