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%15.3%
1 years$81,258$80,534$79,828$79,139$78,466$76,756
2 years$40,227$39,477$38,751$38,047$37,365$35,651
3 years$26,551$25,799$25,075$24,377$23,706$22,041
4 years$19,715$18,965$18,248$17,562$16,907$15,305
5 years$15,614$14,869$14,161$13,490$12,852$11,317
6 years$12,881$12,141$11,444$10,788$10,170$8,702
7 years$10,930$10,196$9,510$8,869$8,271$6,872
8 years$9,467$8,740$8,065$7,440$6,861$5,530
9 years$8,330$7,610$6,947$6,337$5,778$4,514
10 years$7,421$6,708$6,056$5,463$4,923$3,725
11 years$6,678$5,972$5,332$4,754$4,234$3,101
12 years$6,059$5,360$4,732$4,170$3,669$2,598
13 years$5,535$4,844$4,228$3,682$3,200$2,189
14 years$5,087$4,403$3,799$3,268$2,805$1,853
15 years$4,699$4,022$3,430$2,915$2,470$1,574
16 years$4,359$3,690$3,109$2,610$2,183$1,341
17 years$4,060$3,398$2,829$2,345$1,935$1,146
18 years$3,795$3,140$2,583$2,113$1,721$981
19 years$3,558$2,910$2,365$1,909$1,534$842
20 years$3,344$2,704$2,170$1,729$1,370$723
21 years$3,152$2,519$1,996$1,569$1,226$622
22 years$2,977$2,351$1,840$1,427$1,099$536
23 years$2,817$2,199$1,699$1,300$986$462
24 years$2,671$2,061$1,571$1,185$887$398
25 years$2,537$1,934$1,455$1,083$798$344
26 years$2,413$1,817$1,349$990$719$297
27 years$2,299$1,710$1,253$906$648$257
28 years$2,193$1,612$1,165$830$585$222
29 years$2,095$1,520$1,084$761$528$192
30 years$2,003$1,436$1,010$699$477$166
31 years$1,917$1,357$941$642$431$144
32 years$1,837$1,284$878$590$390$125
33 years$1,762$1,216$820$542$353$108
34 years$1,692$1,153$766$499$320$94
35 years$1,625$1,093$716$459$290$81
36 years$1,563$1,038$670$423$262$70
37 years$1,504$986$627$390$238$61
38 years$1,448$937$587$359$216$53
39 years$1,395$891$550$331$195$46
40 years$1,345$847$516$305$177$40
41 years$1,298$807$484$282$161$34
42 years$1,253$768$454$260$146$30
43 years$1,210$732$426$240$132$26
44 years$1,169$698$400$222$120$22
45 years$1,130$665$375$205$109$19
46 years$1,093$635$352$189$99$17
47 years$1,058$606$331$175$90$15
48 years$1,024$578$311$161$82$13
49 years$992$552$292$149$74$11
50 years$961$528$275$138$67$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $984,000, adding $4,427 every year, while hoping to spend $46,364 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: 35/38/27 Blend
49$984,000$984,000$984,000$984,000
50$1,088,934$1,036,782$1,021,530$1,118,048
51$1,150,675$1,038,254$1,006,421$1,141,647
52$1,217,159$1,038,243$989,251$1,162,593
53$1,288,821$1,036,630$969,903$1,184,292
54$1,366,140$1,033,283$948,254$1,206,844
55$1,449,640$1,028,068$924,174$1,230,359
56$1,539,897$1,020,837$897,528$1,254,965
57$1,637,546$1,011,438$868,175$1,280,806
58$1,743,284$999,707$835,967$1,308,044
59$1,857,876$985,469$800,749$1,336,862
60$1,982,166$968,543$762,360$1,367,467
61$2,117,078$948,733$720,630$1,400,092
62$2,263,632$925,834$675,384$1,434,998
63$2,422,950$899,626$626,436$1,472,480
64$2,596,263$869,880$573,594$1,512,867
65$2,784,929$836,351$516,656$1,556,529
66$2,990,439$798,780$455,412$1,603,880
67$3,214,437$756,894$389,642$1,655,383
68$3,458,731$710,403$319,116$1,711,557
69$3,725,310$659,001$243,595$1,772,980
70$4,016,365$602,365$162,828$1,840,298
71$4,334,305$540,153$76,554$1,914,232
72$4,681,787$472,002$0$1,995,585
73$5,061,730$397,532$0$2,089,724
74$5,477,354$316,338$0$2,217,001
75$5,932,201$227,995$0$2,356,536
76$6,430,170$132,052$0$2,509,653
77$6,975,558$28,033$0$2,677,817
78$7,573,096$0$0$2,862,654
79$8,227,992$0$0$3,101,320
80$8,945,984$0$0$3,375,975
81$9,733,392$0$0$3,677,331
82$10,597,176$0$0$4,008,072
83$11,545,001$0$0$4,371,152
84$12,585,312$0$0$4,769,824
85$13,727,411$0$0$5,207,675
86$14,981,543$0$0$5,688,654
87$16,358,996$0$0$6,217,111
88$17,872,202$0$0$6,797,840
89$19,534,861$0$0$7,436,120
90$21,362,061$0$0$8,137,769
91$23,370,427$0$0$8,909,196
92$25,578,273$0$0$9,757,462
93$28,005,777$0$0$10,690,346
94$30,675,171$0$0$11,716,419
95$33,610,946$0$0$12,845,125
96$36,840,087$0$0$14,086,868
97$40,392,327$0$0$15,453,113
98$44,300,424$0$0$16,956,491
99$48,600,471$0$0$18,610,918
100$53,332,237$0$0$20,431,730