Can I retire at age 50 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$81,258$80,534$79,828$79,139$78,466$78,135
2 years$40,227$39,477$38,751$38,047$37,365$37,031
3 years$26,551$25,799$25,075$24,377$23,706$23,379
4 years$19,715$18,965$18,248$17,562$16,907$16,590
5 years$15,614$14,869$14,161$13,490$12,852$12,546
6 years$12,881$12,141$11,444$10,788$10,170$9,874
7 years$10,930$10,196$9,510$8,869$8,271$7,987
8 years$9,467$8,740$8,065$7,440$6,861$6,588
9 years$8,330$7,610$6,947$6,337$5,778$5,516
10 years$7,421$6,708$6,056$5,463$4,923$4,673
11 years$6,678$5,972$5,332$4,754$4,234$3,994
12 years$6,059$5,360$4,732$4,170$3,669$3,440
13 years$5,535$4,844$4,228$3,682$3,200$2,981
14 years$5,087$4,403$3,799$3,268$2,805$2,596
15 years$4,699$4,022$3,430$2,915$2,470$2,271
16 years$4,359$3,690$3,109$2,610$2,183$1,994
17 years$4,060$3,398$2,829$2,345$1,935$1,756
18 years$3,795$3,140$2,583$2,113$1,721$1,550
19 years$3,558$2,910$2,365$1,909$1,534$1,372
20 years$3,344$2,704$2,170$1,729$1,370$1,217
21 years$3,152$2,519$1,996$1,569$1,226$1,081
22 years$2,977$2,351$1,840$1,427$1,099$962
23 years$2,817$2,199$1,699$1,300$986$857
24 years$2,671$2,061$1,571$1,185$887$765
25 years$2,537$1,934$1,455$1,083$798$683
26 years$2,413$1,817$1,349$990$719$610
27 years$2,299$1,710$1,253$906$648$546
28 years$2,193$1,612$1,165$830$585$489
29 years$2,095$1,520$1,084$761$528$438
30 years$2,003$1,436$1,010$699$477$393
31 years$1,917$1,357$941$642$431$352
32 years$1,837$1,284$878$590$390$316
33 years$1,762$1,216$820$542$353$284
34 years$1,692$1,153$766$499$320$255
35 years$1,625$1,093$716$459$290$229
36 years$1,563$1,038$670$423$262$206
37 years$1,504$986$627$390$238$185
38 years$1,448$937$587$359$216$166
39 years$1,395$891$550$331$195$149
40 years$1,345$847$516$305$177$134
41 years$1,298$807$484$282$161$121
42 years$1,253$768$454$260$146$109
43 years$1,210$732$426$240$132$98
44 years$1,169$698$400$222$120$88
45 years$1,130$665$375$205$109$79
46 years$1,093$635$352$189$99$71
47 years$1,058$606$331$175$90$64
48 years$1,024$578$311$161$82$58
49 years$992$552$292$149$74$52
50 years$961$528$275$138$67$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $984,000, adding $4,012 every year, while hoping to spend $32,115 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: 54/23/23 Blend
49$984,000$984,000$984,000$984,000
50$1,088,506$1,036,354$1,021,102$1,140,204
51$1,165,364$1,052,966$1,021,139$1,192,794
52$1,248,985$1,069,314$1,020,101$1,246,332
53$1,340,024$1,085,354$1,017,918$1,303,942
54$1,439,205$1,101,035$1,014,516$1,366,021
55$1,547,320$1,116,302$1,009,819$1,433,013
56$1,665,245$1,131,099$1,003,746$1,505,405
57$1,793,942$1,145,364$996,213$1,583,733
58$1,934,468$1,159,032$987,131$1,668,593
59$2,087,992$1,172,032$976,407$1,760,638
60$2,255,795$1,184,289$963,945$1,860,591
61$2,439,291$1,195,724$949,642$1,969,251
62$2,640,036$1,206,252$933,392$2,087,496
63$2,859,743$1,215,782$915,084$2,216,299
64$3,100,298$1,224,217$894,601$2,356,731
65$3,363,780$1,231,454$871,821$2,509,974
66$3,652,474$1,237,385$846,616$2,677,333
67$3,968,902$1,241,892$818,853$2,860,247
68$4,315,837$1,244,852$788,392$3,060,306
69$4,696,336$1,246,134$755,087$3,279,261
70$5,113,765$1,245,597$718,785$3,519,045
71$5,571,832$1,243,094$679,327$3,781,792
72$6,074,620$1,238,466$636,545$4,069,853
73$6,626,627$1,231,547$590,266$4,385,824
74$7,232,810$1,222,160$540,307$4,732,569
75$7,898,627$1,210,116$486,477$5,113,245
76$8,630,092$1,195,217$428,579$5,531,335
77$9,433,829$1,177,250$366,404$5,990,681
78$10,317,136$1,155,991$299,735$6,495,522
79$11,288,053$1,131,205$228,346$7,050,530
80$12,355,440$1,102,639$152,000$7,660,860
81$13,529,054$1,070,027$70,451$8,332,198
82$14,819,647$1,033,088$0$9,070,811
83$16,239,066$991,524$0$9,887,682
84$17,800,361$945,020$0$10,805,083
85$19,517,914$893,241$0$11,814,181
86$21,407,567$835,836$0$12,924,320
87$23,486,777$772,431$0$14,145,797
88$25,774,780$702,631$0$15,489,963
89$28,292,768$626,021$0$16,969,329
90$31,064,093$542,159$0$18,597,683
91$34,114,486$450,580$0$20,390,225
92$37,472,297$350,791$0$22,363,706
93$41,168,765$242,275$0$24,536,591
94$45,238,314$124,481$0$26,929,230
95$49,718,873$0$0$29,564,054
96$54,652,235$0$0$32,466,588
97$60,084,454$0$0$35,697,434
98$66,066,277$0$0$39,255,282
99$72,653,623$0$0$43,173,407
100$79,908,107$0$0$47,488,474