Can I retire at age 50 with 983,000?

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 $983,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$81,175$80,452$79,747$79,058$78,386$76,992
2 years$40,186$39,437$38,712$38,009$37,327$35,927
3 years$26,524$25,773$25,049$24,353$23,682$22,320
4 years$19,695$18,946$18,229$17,545$16,890$15,577
5 years$15,599$14,854$14,147$13,476$12,839$11,579
6 years$12,868$12,129$11,433$10,777$10,159$8,952
7 years$10,919$10,186$9,501$8,860$8,262$7,109
8 years$9,458$8,731$8,057$7,433$6,854$5,755
9 years$8,322$7,602$6,940$6,331$5,772$4,726
10 years$7,413$6,701$6,050$5,457$4,918$3,924
11 years$6,671$5,965$5,327$4,750$4,230$3,286
12 years$6,052$5,354$4,727$4,166$3,666$2,772
13 years$5,530$4,839$4,223$3,678$3,196$2,351
14 years$5,082$4,398$3,795$3,265$2,802$2,003
15 years$4,694$4,018$3,426$2,912$2,467$1,714
16 years$4,355$3,686$3,106$2,607$2,180$1,471
17 years$4,056$3,395$2,827$2,342$1,933$1,265
18 years$3,791$3,137$2,580$2,111$1,719$1,091
19 years$3,554$2,907$2,362$1,907$1,532$943
20 years$3,341$2,702$2,168$1,728$1,369$816
21 years$3,148$2,517$1,994$1,568$1,225$708
22 years$2,974$2,349$1,838$1,426$1,098$614
23 years$2,814$2,197$1,697$1,298$985$534
24 years$2,668$2,059$1,569$1,184$886$464
25 years$2,534$1,932$1,454$1,081$797$404
26 years$2,411$1,816$1,348$989$718$352
27 years$2,297$1,709$1,252$905$647$307
28 years$2,191$1,610$1,164$829$584$267
29 years$2,093$1,519$1,083$760$527$233
30 years$2,001$1,434$1,009$698$477$203
31 years$1,915$1,356$940$641$431$178
32 years$1,835$1,283$877$589$390$155
33 years$1,760$1,215$819$542$353$135
34 years$1,690$1,152$765$498$319$118
35 years$1,624$1,092$716$459$289$103
36 years$1,561$1,037$669$423$262$90
37 years$1,502$985$627$389$238$79
38 years$1,447$936$587$359$215$69
39 years$1,394$890$550$331$195$60
40 years$1,344$847$515$305$177$53
41 years$1,297$806$483$282$161$46
42 years$1,252$768$453$260$146$40
43 years$1,209$731$425$240$132$35
44 years$1,168$697$399$221$120$31
45 years$1,129$665$375$205$109$27
46 years$1,092$634$352$189$99$24
47 years$1,057$605$331$175$90$21
48 years$1,023$578$311$161$82$18
49 years$991$552$292$149$74$16
50 years$960$527$275$138$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $983,000, adding $3,608 every year, while hoping to spend $43,646 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: 61/11/28 Blend
49$983,000$983,000$983,000$983,000
50$1,086,988$1,034,889$1,019,652$1,144,891
51$1,151,421$1,039,159$1,007,371$1,189,006
52$1,220,965$1,042,176$993,217$1,232,118
53$1,296,092$1,043,832$977,079$1,278,258
54$1,377,326$1,044,013$958,844$1,327,729
55$1,465,241$1,042,597$938,392$1,380,869
56$1,560,467$1,039,455$915,600$1,438,051
57$1,663,698$1,034,452$890,335$1,499,688
58$1,775,696$1,027,441$862,463$1,566,236
59$1,897,301$1,018,269$831,839$1,638,201
60$2,029,434$1,006,773$798,314$1,716,140
61$2,173,111$992,780$761,733$1,800,671
62$2,329,449$976,106$721,931$1,892,476
63$2,499,675$956,558$678,738$1,992,310
64$2,685,142$933,930$631,976$2,101,005
65$2,887,338$908,003$581,459$2,219,483
66$3,107,899$878,549$526,990$2,348,762
67$3,348,629$845,321$468,368$2,489,966
68$3,611,510$808,062$405,379$2,644,337
69$3,898,726$766,500$337,802$2,813,249
70$4,212,682$720,344$265,404$2,998,217
71$4,556,025$669,290$187,944$3,200,916
72$4,931,668$613,014$105,169$3,423,193
73$5,342,821$551,175$16,816$3,667,091
74$5,793,018$483,412$0$3,934,864
75$6,286,150$409,343$0$4,252,147
76$6,826,501$328,565$0$4,605,407
77$7,418,793$240,653$0$4,992,739
78$8,068,221$145,157$0$5,417,582
79$8,780,512$41,601$0$5,883,731
80$9,561,970$0$0$6,395,366
81$10,419,542$0$0$6,965,628
82$11,360,876$0$0$7,597,196
83$12,394,401$0$0$8,290,698
84$13,529,398$0$0$9,052,373
85$14,776,095$0$0$9,889,093
86$16,145,755$0$0$10,808,430
87$17,650,790$0$0$11,818,724
88$19,304,871$0$0$12,929,166
89$21,123,059$0$0$14,149,878
90$23,121,949$0$0$15,492,014
91$25,319,822$0$0$16,967,861
92$27,736,821$0$0$18,590,958
93$30,395,136$0$0$20,376,220
94$33,319,218$0$0$22,340,083
95$36,536,005$0$0$24,500,652
96$40,075,179$0$0$26,877,879
97$43,969,442$0$0$29,493,744
98$48,254,828$0$0$32,372,469
99$52,971,039$0$0$35,540,741
100$58,161,822$0$0$39,027,964