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%15.4%
1 years$81,175$80,452$79,747$79,058$78,386$76,647
2 years$40,186$39,437$38,712$38,009$37,327$35,583
3 years$26,524$25,773$25,049$24,353$23,682$21,989
4 years$19,695$18,946$18,229$17,545$16,890$15,261
5 years$15,599$14,854$14,147$13,476$12,839$11,278
6 years$12,868$12,129$11,433$10,777$10,159$8,668
7 years$10,919$10,186$9,501$8,860$8,262$6,841
8 years$9,458$8,731$8,057$7,433$6,854$5,502
9 years$8,322$7,602$6,940$6,331$5,772$4,489
10 years$7,413$6,701$6,050$5,457$4,918$3,702
11 years$6,671$5,965$5,327$4,750$4,230$3,079
12 years$6,052$5,354$4,727$4,166$3,666$2,578
13 years$5,530$4,839$4,223$3,678$3,196$2,171
14 years$5,082$4,398$3,795$3,265$2,802$1,836
15 years$4,694$4,018$3,426$2,912$2,467$1,559
16 years$4,355$3,686$3,106$2,607$2,180$1,327
17 years$4,056$3,395$2,827$2,342$1,933$1,133
18 years$3,791$3,137$2,580$2,111$1,719$970
19 years$3,554$2,907$2,362$1,907$1,532$831
20 years$3,341$2,702$2,168$1,728$1,369$713
21 years$3,148$2,517$1,994$1,568$1,225$613
22 years$2,974$2,349$1,838$1,426$1,098$528
23 years$2,814$2,197$1,697$1,298$985$455
24 years$2,668$2,059$1,569$1,184$886$392
25 years$2,534$1,932$1,454$1,081$797$338
26 years$2,411$1,816$1,348$989$718$292
27 years$2,297$1,709$1,252$905$647$252
28 years$2,191$1,610$1,164$829$584$218
29 years$2,093$1,519$1,083$760$527$188
30 years$2,001$1,434$1,009$698$477$163
31 years$1,915$1,356$940$641$431$141
32 years$1,835$1,283$877$589$390$122
33 years$1,760$1,215$819$542$353$105
34 years$1,690$1,152$765$498$319$91
35 years$1,624$1,092$716$459$289$79
36 years$1,561$1,037$669$423$262$68
37 years$1,502$985$627$389$238$59
38 years$1,447$936$587$359$215$51
39 years$1,394$890$550$331$195$44
40 years$1,344$847$515$305$177$38
41 years$1,297$806$483$282$161$33
42 years$1,252$768$453$260$146$29
43 years$1,209$731$425$240$132$25
44 years$1,168$697$399$221$120$22
45 years$1,129$665$375$205$109$19
46 years$1,092$634$352$189$99$16
47 years$1,057$605$331$175$90$14
48 years$1,023$578$311$161$82$12
49 years$991$552$292$149$74$11
50 years$960$527$275$138$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $983,000, adding $4,165 every year, while hoping to spend $54,467 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: 57/24/19 Blend
49$983,000$983,000$983,000$983,000
50$1,087,562$1,035,463$1,020,227$1,143,839
51$1,140,541$1,028,248$996,452$1,175,379
52$1,197,098$1,018,855$970,055$1,203,496
53$1,257,541$1,007,118$940,891$1,232,925
54$1,322,207$992,863$908,807$1,263,803
55$1,391,466$975,906$873,646$1,296,286
56$1,465,722$956,052$835,239$1,330,547
57$1,545,420$933,094$793,415$1,366,779
58$1,631,049$906,812$747,990$1,405,197
59$1,723,144$876,973$698,776$1,446,042
60$1,822,293$843,333$645,573$1,489,583
61$1,929,142$805,632$588,175$1,536,121
62$2,044,400$763,593$526,364$1,585,988
63$2,168,847$716,927$459,916$1,639,557
64$2,303,339$665,326$388,592$1,697,242
65$2,448,817$608,465$312,148$1,759,505
66$2,606,316$545,999$230,324$1,826,857
67$2,776,972$477,566$142,852$1,899,870
68$2,962,038$402,780$49,452$1,979,177
69$3,162,887$321,238$0$2,065,483
70$3,381,032$232,510$0$2,169,752
71$3,618,138$136,143$0$2,294,030
72$3,876,034$31,660$0$2,429,313
73$4,156,734$0$0$2,576,736
74$4,462,453$0$0$2,759,067
75$4,795,631$0$0$2,966,963
76$5,158,950$0$0$3,193,750
77$5,555,364$0$0$3,441,279
78$5,988,123$0$0$3,711,592
79$6,460,806$0$0$4,006,935
80$6,977,353$0$0$4,329,781
81$7,542,100$0$0$4,682,852
82$8,159,822$0$0$5,069,147
83$8,835,778$0$0$5,491,967
84$9,575,756$0$0$5,954,945
85$10,386,132$0$0$6,462,086
86$11,273,926$0$0$7,017,796
87$12,246,870$0$0$7,626,931
88$13,313,479$0$0$8,294,838
89$14,483,131$0$0$9,027,405
90$15,766,156$0$0$9,831,118
91$17,173,930$0$0$10,713,121
92$18,718,985$0$0$11,681,285
93$20,415,125$0$0$12,744,278
94$22,277,556$0$0$13,911,648
95$24,323,028$0$0$15,193,914
96$26,569,992$0$0$16,602,665
97$29,038,776$0$0$18,150,666
98$31,751,773$0$0$19,851,981
99$34,733,654$0$0$21,722,104
100$38,011,597$0$0$23,778,103