Can I retire at age 50 with 982,000?

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 $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%16%
1 years$81,093$80,370$79,666$78,978$78,306$76,382
2 years$40,145$39,397$38,673$37,970$37,289$35,362
3 years$26,497$25,747$25,024$24,328$23,657$21,789
4 years$19,675$18,926$18,211$17,527$16,873$15,076
5 years$15,583$14,839$14,132$13,462$12,826$11,107
6 years$12,855$12,117$11,421$10,766$10,149$8,508
7 years$10,908$10,176$9,491$8,851$8,254$6,692
8 years$9,448$8,722$8,049$7,425$6,847$5,364
9 years$8,313$7,594$6,933$6,325$5,767$4,360
10 years$7,406$6,694$6,044$5,452$4,913$3,582
11 years$6,664$5,959$5,321$4,745$4,226$2,968
12 years$6,046$5,349$4,722$4,162$3,662$2,476
13 years$5,524$4,834$4,219$3,674$3,193$2,076
14 years$5,077$4,394$3,791$3,262$2,799$1,749
15 years$4,689$4,014$3,423$2,909$2,465$1,479
16 years$4,351$3,683$3,103$2,604$2,178$1,254
17 years$4,052$3,392$2,824$2,340$1,931$1,066
18 years$3,787$3,134$2,578$2,109$1,717$908
19 years$3,550$2,904$2,360$1,906$1,531$775
20 years$3,338$2,699$2,166$1,726$1,367$662
21 years$3,145$2,514$1,992$1,566$1,223$566
22 years$2,971$2,347$1,836$1,424$1,097$485
23 years$2,811$2,195$1,695$1,297$984$416
24 years$2,666$2,056$1,568$1,183$885$357
25 years$2,532$1,930$1,452$1,080$796$306
26 years$2,408$1,814$1,347$988$717$263
27 years$2,294$1,707$1,251$904$647$226
28 years$2,189$1,608$1,163$828$583$195
29 years$2,090$1,517$1,082$760$527$167
30 years$1,999$1,433$1,008$697$476$144
31 years$1,913$1,355$939$640$430$124
32 years$1,834$1,282$877$588$389$107
33 years$1,759$1,214$818$541$352$92
34 years$1,688$1,150$765$498$319$79
35 years$1,622$1,091$715$458$289$68
36 years$1,560$1,036$669$422$262$59
37 years$1,501$984$626$389$237$51
38 years$1,445$935$586$358$215$44
39 years$1,392$889$549$331$195$38
40 years$1,343$846$515$305$177$32
41 years$1,295$805$483$281$161$28
42 years$1,250$767$453$260$146$24
43 years$1,207$731$425$240$132$21
44 years$1,167$696$399$221$120$18
45 years$1,128$664$374$204$109$15
46 years$1,091$633$352$189$99$13
47 years$1,056$605$330$174$90$11
48 years$1,022$577$311$161$82$10
49 years$990$551$292$149$74$8
50 years$959$526$274$138$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $982,000, adding $5,072 every year, while hoping to spend $56,682 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: 85/6/9 Blend
49$982,000$982,000$982,000$982,000
50$1,087,396$1,035,350$1,020,129$1,178,131
51$1,138,001$1,025,773$993,994$1,228,572
52$1,191,868$1,013,827$965,084$1,275,764
53$1,249,270$999,336$933,245$1,325,841
54$1,310,506$982,113$898,319$1,379,055
55$1,375,903$961,962$860,138$1,435,686
56$1,445,819$938,673$818,527$1,496,039
57$1,520,649$912,024$773,304$1,560,454
58$1,600,823$881,781$724,278$1,629,302
59$1,686,814$847,695$671,249$1,702,991
60$1,779,142$809,505$614,008$1,781,972
61$1,878,376$766,932$552,339$1,866,741
62$1,985,141$719,683$486,013$1,957,845
63$2,100,124$667,446$414,793$2,055,885
64$2,224,079$609,893$338,431$2,161,524
65$2,357,835$546,677$256,668$2,275,492
66$2,502,300$477,431$169,233$2,398,594
67$2,658,477$401,767$75,844$2,531,715
68$2,827,463$319,275$0$2,675,834
69$3,010,466$229,522$0$2,834,312
70$3,208,817$132,051$0$3,013,971
71$3,423,974$26,380$0$3,208,856
72$3,657,545$0$0$3,420,442
73$3,911,296$0$0$3,656,158
74$4,187,172$0$0$3,914,333
75$4,487,309$0$0$4,195,227
76$4,814,062$0$0$4,501,043
77$5,170,019$0$0$4,834,206
78$5,558,028$0$0$5,197,385
79$5,981,225$0$0$5,593,516
80$6,443,062$0$0$6,025,832
81$6,947,335$0$0$6,497,889
82$7,498,228$0$0$7,013,605
83$8,100,343$0$0$7,577,292
84$8,758,748$0$0$8,193,696
85$9,479,024$0$0$8,868,044
86$10,267,315$0$0$9,606,091
87$11,130,387$0$0$10,414,174
88$12,075,691$0$0$11,299,273
89$13,111,430$0$0$12,269,071
90$14,246,641$0$0$13,332,032
91$15,491,276$0$0$14,497,479
92$16,856,295$0$0$15,775,676
93$18,353,771$0$0$17,177,933
94$19,997,000$0$0$18,716,704
95$21,800,630$0$0$20,405,708
96$23,780,795$0$0$22,260,057
97$25,955,265$0$0$24,296,398
98$28,343,620$0$0$26,533,069
99$30,967,426$0$0$28,990,272
100$33,850,442$0$0$31,690,260