Can I retire at age 50 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$81,093$80,370$79,666$78,978$78,306$75,438
2 years$40,145$39,397$38,673$37,970$37,289$34,431
3 years$26,497$25,747$25,024$24,328$23,657$20,900
4 years$19,675$18,926$18,211$17,527$16,873$14,237
5 years$15,583$14,839$14,132$13,462$12,826$10,318
6 years$12,855$12,117$11,421$10,766$10,149$7,771
7 years$10,908$10,176$9,491$8,851$8,254$6,005
8 years$9,448$8,722$8,049$7,425$6,847$4,726
9 years$8,313$7,594$6,933$6,325$5,767$3,770
10 years$7,406$6,694$6,044$5,452$4,913$3,038
11 years$6,664$5,959$5,321$4,745$4,226$2,467
12 years$6,046$5,349$4,722$4,162$3,662$2,016
13 years$5,524$4,834$4,219$3,674$3,193$1,656
14 years$5,077$4,394$3,791$3,262$2,799$1,365
15 years$4,689$4,014$3,423$2,909$2,465$1,129
16 years$4,351$3,683$3,103$2,604$2,178$936
17 years$4,052$3,392$2,824$2,340$1,931$778
18 years$3,787$3,134$2,578$2,109$1,717$648
19 years$3,550$2,904$2,360$1,906$1,531$540
20 years$3,338$2,699$2,166$1,726$1,367$451
21 years$3,145$2,514$1,992$1,566$1,223$376
22 years$2,971$2,347$1,836$1,424$1,097$315
23 years$2,811$2,195$1,695$1,297$984$263
24 years$2,666$2,056$1,568$1,183$885$220
25 years$2,532$1,930$1,452$1,080$796$185
26 years$2,408$1,814$1,347$988$717$155
27 years$2,294$1,707$1,251$904$647$130
28 years$2,189$1,608$1,163$828$583$109
29 years$2,090$1,517$1,082$760$527$91
30 years$1,999$1,433$1,008$697$476$76
31 years$1,913$1,355$939$640$430$64
32 years$1,834$1,282$877$588$389$54
33 years$1,759$1,214$818$541$352$45
34 years$1,688$1,150$765$498$319$38
35 years$1,622$1,091$715$458$289$32
36 years$1,560$1,036$669$422$262$27
37 years$1,501$984$626$389$237$22
38 years$1,445$935$586$358$215$19
39 years$1,392$889$549$331$195$16
40 years$1,343$846$515$305$177$13
41 years$1,295$805$483$281$161$11
42 years$1,250$767$453$260$146$9
43 years$1,207$731$425$240$132$8
44 years$1,167$696$399$221$120$7
45 years$1,128$664$374$204$109$6
46 years$1,091$633$352$189$99$5
47 years$1,056$605$330$174$90$4
48 years$1,022$577$311$161$82$3
49 years$990$551$292$149$74$3
50 years$959$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 $982,000, adding $6,761 every year, while hoping to spend $33,690 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: 64/13/23 Blend
49$982,000$982,000$982,000$982,000
50$1,089,138$1,037,092$1,021,871$1,151,926
51$1,164,384$1,052,064$1,020,258$1,210,052
52$1,246,176$1,066,640$1,017,461$1,269,151
53$1,335,147$1,080,765$1,013,407$1,332,954
54$1,431,990$1,094,382$1,008,014$1,401,927
55$1,537,473$1,107,426$1,001,203$1,476,580
56$1,652,436$1,119,831$992,884$1,557,477
57$1,777,808$1,131,526$982,969$1,645,241
58$1,914,607$1,142,433$971,361$1,740,559
59$2,063,956$1,152,472$957,961$1,844,187
60$2,227,093$1,161,556$942,665$1,956,962
61$2,405,376$1,169,592$925,365$2,079,803
62$2,600,305$1,176,482$905,944$2,213,728
63$2,813,528$1,182,122$884,286$2,359,857
64$3,046,861$1,186,399$860,263$2,519,425
65$3,302,305$1,189,197$833,746$2,693,797
66$3,582,061$1,190,388$804,597$2,884,475
67$3,888,554$1,189,840$772,674$3,093,118
68$4,224,454$1,187,410$737,826$3,321,555
69$4,592,704$1,182,949$699,899$3,571,801
70$4,996,541$1,176,295$658,727$3,846,083
71$5,439,535$1,167,280$614,141$4,146,851
72$5,925,614$1,155,723$565,961$4,476,811
73$6,459,108$1,141,434$514,002$4,838,946
74$7,044,784$1,124,212$458,068$5,236,544
75$7,687,895$1,103,841$397,956$5,673,233
76$8,394,226$1,080,095$333,453$6,153,012
77$9,170,151$1,052,734$264,338$6,680,291
78$10,022,691$1,021,503$190,379$7,259,932
79$10,959,582$986,133$111,333$7,897,296
80$11,989,345$946,339$26,948$8,598,295
81$13,121,368$901,819$0$9,369,447
82$14,365,995$852,255$0$10,233,425
83$15,734,620$797,309$0$11,190,728
84$17,239,798$736,625$0$12,243,543
85$18,895,363$669,825$0$13,401,572
86$20,716,554$596,510$0$14,675,511
87$22,720,163$516,260$0$16,077,143
88$24,924,692$428,629$0$17,619,457
89$27,350,526$333,147$0$19,316,765
90$30,020,125$229,317$0$21,184,839
91$32,958,239$116,614$0$23,241,063
92$36,192,136$0$0$25,504,593
93$39,751,863$0$0$27,997,329
94$43,670,529$0$0$30,759,862
95$47,984,614$0$0$33,801,237
96$52,734,316$0$0$37,149,804
97$57,963,928$0$0$40,836,801
98$63,722,258$0$0$44,896,650
99$70,063,088$0$0$49,367,281
100$77,045,678$0$0$54,290,488