Can I retire at age 50 with 983,000?

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 $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%18.4%
1 years$81,175$80,452$79,747$79,058$78,386$75,725
2 years$40,186$39,437$38,712$38,009$37,327$34,673
3 years$26,524$25,773$25,049$24,353$23,682$21,118
4 years$19,695$18,946$18,229$17,545$16,890$14,436
5 years$15,599$14,854$14,147$13,476$12,839$10,502
6 years$12,868$12,129$11,433$10,777$10,159$7,940
7 years$10,919$10,186$9,501$8,860$8,262$6,160
8 years$9,458$8,731$8,057$7,433$6,854$4,868
9 years$8,322$7,602$6,940$6,331$5,772$3,900
10 years$7,413$6,701$6,050$5,457$4,918$3,157
11 years$6,671$5,965$5,327$4,750$4,230$2,575
12 years$6,052$5,354$4,727$4,166$3,666$2,114
13 years$5,530$4,839$4,223$3,678$3,196$1,745
14 years$5,082$4,398$3,795$3,265$2,802$1,445
15 years$4,694$4,018$3,426$2,912$2,467$1,201
16 years$4,355$3,686$3,106$2,607$2,180$1,001
17 years$4,056$3,395$2,827$2,342$1,933$836
18 years$3,791$3,137$2,580$2,111$1,719$700
19 years$3,554$2,907$2,362$1,907$1,532$587
20 years$3,341$2,702$2,168$1,728$1,369$492
21 years$3,148$2,517$1,994$1,568$1,225$413
22 years$2,974$2,349$1,838$1,426$1,098$348
23 years$2,814$2,197$1,697$1,298$985$292
24 years$2,668$2,059$1,569$1,184$886$246
25 years$2,534$1,932$1,454$1,081$797$207
26 years$2,411$1,816$1,348$989$718$175
27 years$2,297$1,709$1,252$905$647$147
28 years$2,191$1,610$1,164$829$584$124
29 years$2,093$1,519$1,083$760$527$105
30 years$2,001$1,434$1,009$698$477$88
31 years$1,915$1,356$940$641$431$75
32 years$1,835$1,283$877$589$390$63
33 years$1,760$1,215$819$542$353$53
34 years$1,690$1,152$765$498$319$45
35 years$1,624$1,092$716$459$289$38
36 years$1,561$1,037$669$423$262$32
37 years$1,502$985$627$389$238$27
38 years$1,447$936$587$359$215$23
39 years$1,394$890$550$331$195$19
40 years$1,344$847$515$305$177$16
41 years$1,297$806$483$282$161$14
42 years$1,252$768$453$260$146$12
43 years$1,209$731$425$240$132$10
44 years$1,168$697$399$221$120$8
45 years$1,129$665$375$205$109$7
46 years$1,092$634$352$189$99$6
47 years$1,057$605$331$175$90$5
48 years$1,023$578$311$161$82$4
49 years$991$552$292$149$74$4
50 years$960$527$275$138$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $983,000, adding $3,521 every year, while hoping to spend $20,676 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: 48/33/19 Blend
49$983,000$983,000$983,000$983,000
50$1,086,898$1,034,799$1,019,562$1,133,089
51$1,175,762$1,063,505$1,031,719$1,194,251
52$1,272,998$1,092,925$1,043,589$1,258,250
53$1,379,437$1,123,071$1,055,143$1,327,307
54$1,495,995$1,153,957$1,066,346$1,401,906
55$1,623,682$1,185,597$1,077,163$1,482,579
56$1,763,609$1,218,002$1,087,559$1,569,909
57$1,916,998$1,251,185$1,097,494$1,664,542
58$2,085,199$1,285,160$1,106,927$1,767,187
59$2,269,695$1,319,939$1,115,815$1,878,624
60$2,472,122$1,355,534$1,124,112$1,999,714
61$2,694,280$1,391,956$1,131,772$2,131,405
62$2,938,153$1,429,219$1,138,743$2,274,740
63$3,205,926$1,467,333$1,144,973$2,430,868
64$3,500,008$1,506,308$1,150,406$2,601,056
65$3,823,048$1,546,157$1,154,984$2,786,699
66$4,177,968$1,586,888$1,158,646$2,989,333
67$4,567,987$1,628,512$1,161,327$3,210,652
68$4,996,650$1,671,037$1,162,959$3,452,520
69$5,467,863$1,714,472$1,163,472$3,716,993
70$5,985,928$1,758,824$1,162,791$4,006,335
71$6,555,586$1,804,101$1,160,839$4,323,041
72$7,182,061$1,850,307$1,157,532$4,669,859
73$7,871,107$1,897,448$1,152,785$5,049,819
74$8,629,065$1,945,528$1,146,509$5,466,258
75$9,462,921$1,994,550$1,138,608$5,922,853
76$10,380,371$2,044,515$1,128,983$6,423,658
77$11,389,896$2,095,423$1,117,532$6,973,139
78$12,500,841$2,147,274$1,104,144$7,576,216
79$13,723,501$2,200,065$1,088,707$8,238,312
80$15,069,221$2,253,791$1,071,102$8,965,403
81$16,550,501$2,308,447$1,051,204$9,764,076
82$18,181,115$2,364,023$1,028,881$10,641,586
83$19,976,238$2,420,510$1,003,999$11,605,933
84$21,952,595$2,477,896$976,413$12,665,928
85$24,128,612$2,536,165$945,975$13,831,286
86$26,524,593$2,595,300$912,529$15,112,709
87$29,162,913$2,655,281$875,909$16,521,995
88$32,068,225$2,716,084$835,947$18,072,141
89$35,267,695$2,777,684$792,463$19,777,474
90$38,791,260$2,840,050$745,270$21,653,782
91$42,671,905$2,903,149$694,173$23,718,464
92$46,945,980$2,966,944$638,969$25,990,694
93$51,653,540$3,031,394$579,444$28,491,603
94$56,838,721$3,096,452$515,375$31,244,479
95$62,550,161$3,162,069$446,531$34,274,986
96$68,841,456$3,228,188$372,668$37,611,408
97$75,771,664$3,294,750$293,532$41,284,913
98$83,405,868$3,361,687$208,860$45,329,852
99$91,815,784$3,428,927$118,374$49,784,082
100$101,080,440$3,496,390$21,786$54,689,322