Can I retire at age 50 with 984,000?

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 $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%15.7%
1 years$81,258$80,534$79,828$79,139$78,466$76,631
2 years$40,227$39,477$38,751$38,047$37,365$35,527
3 years$26,551$25,799$25,075$24,377$23,706$21,922
4 years$19,715$18,965$18,248$17,562$16,907$15,191
5 years$15,614$14,869$14,161$13,490$12,852$11,209
6 years$12,881$12,141$11,444$10,788$10,170$8,601
7 years$10,930$10,196$9,510$8,869$8,271$6,776
8 years$9,467$8,740$8,065$7,440$6,861$5,441
9 years$8,330$7,610$6,947$6,337$5,778$4,431
10 years$7,421$6,708$6,056$5,463$4,923$3,647
11 years$6,678$5,972$5,332$4,754$4,234$3,028
12 years$6,059$5,360$4,732$4,170$3,669$2,531
13 years$5,535$4,844$4,228$3,682$3,200$2,126
14 years$5,087$4,403$3,799$3,268$2,805$1,795
15 years$4,699$4,022$3,430$2,915$2,470$1,521
16 years$4,359$3,690$3,109$2,610$2,183$1,292
17 years$4,060$3,398$2,829$2,345$1,935$1,101
18 years$3,795$3,140$2,583$2,113$1,721$940
19 years$3,558$2,910$2,365$1,909$1,534$804
20 years$3,344$2,704$2,170$1,729$1,370$688
21 years$3,152$2,519$1,996$1,569$1,226$590
22 years$2,977$2,351$1,840$1,427$1,099$507
23 years$2,817$2,199$1,699$1,300$986$436
24 years$2,671$2,061$1,571$1,185$887$375
25 years$2,537$1,934$1,455$1,083$798$322
26 years$2,413$1,817$1,349$990$719$278
27 years$2,299$1,710$1,253$906$648$239
28 years$2,193$1,612$1,165$830$585$206
29 years$2,095$1,520$1,084$761$528$178
30 years$2,003$1,436$1,010$699$477$153
31 years$1,917$1,357$941$642$431$132
32 years$1,837$1,284$878$590$390$114
33 years$1,762$1,216$820$542$353$99
34 years$1,692$1,153$766$499$320$85
35 years$1,625$1,093$716$459$290$73
36 years$1,563$1,038$670$423$262$63
37 years$1,504$986$627$390$238$55
38 years$1,448$937$587$359$216$47
39 years$1,395$891$550$331$195$41
40 years$1,345$847$516$305$177$35
41 years$1,298$807$484$282$161$31
42 years$1,253$768$454$260$146$26
43 years$1,210$732$426$240$132$23
44 years$1,169$698$400$222$120$20
45 years$1,130$665$375$205$109$17
46 years$1,093$635$352$189$99$15
47 years$1,058$606$331$175$90$13
48 years$1,024$578$311$161$82$11
49 years$992$552$292$149$74$9
50 years$961$528$275$138$67$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $984,000, adding $6,356 every year, while hoping to spend $57,892 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: 29/49/22 Blend
49$984,000$984,000$984,000$984,000
50$1,090,924$1,038,772$1,023,520$1,114,895
51$1,140,602$1,028,075$996,212$1,123,218
52$1,193,406$1,014,914$966,048$1,126,588
53$1,249,595$999,107$932,872$1,128,999
54$1,309,451$980,460$896,520$1,130,404
55$1,373,283$958,770$856,821$1,130,758
56$1,441,429$933,821$813,596$1,130,017
57$1,514,260$905,384$766,657$1,128,141
58$1,592,183$873,216$715,808$1,125,090
59$1,675,643$837,061$660,845$1,120,828
60$1,765,130$796,648$601,554$1,115,324
61$1,861,179$751,689$537,712$1,108,551
62$1,964,379$701,882$469,086$1,100,488
63$2,075,376$646,905$395,431$1,091,121
64$2,194,880$586,419$316,493$1,080,446
65$2,323,670$520,065$232,008$1,068,465
66$2,462,601$447,465$141,697$1,055,196
67$2,612,613$368,218$45,270$1,040,667
68$2,774,740$281,901$0$1,024,923
69$2,950,116$188,067$0$1,021,553
70$3,139,990$86,244$0$1,029,330
71$3,345,733$0$0$1,037,799
72$3,568,853$0$0$1,060,147
73$3,811,011$0$0$1,135,003
74$4,074,030$0$0$1,216,447
75$4,359,918$0$0$1,305,117
76$4,670,881$0$0$1,401,715
77$5,009,350$0$0$1,507,016
78$5,377,996$0$0$1,621,872
79$5,779,762$0$0$1,747,218
80$6,217,884$0$0$1,884,087
81$6,695,926$0$0$2,033,614
82$7,217,807$0$0$2,197,049
83$7,787,846$0$0$2,375,769
84$8,410,794$0$0$2,571,289
85$9,091,883$0$0$2,785,278
86$9,836,874$0$0$3,019,572
87$10,652,109$0$0$3,276,196
88$11,544,572$0$0$3,557,377
89$12,521,954$0$0$3,865,570
90$13,592,723$0$0$4,203,476
91$14,766,207$0$0$4,574,073
92$16,052,677$0$0$4,980,638
93$17,463,448$0$0$5,426,784
94$19,010,979$0$0$5,916,487
95$20,708,995$0$0$6,454,129
96$22,572,615$0$0$7,044,537
97$24,618,489$0$0$7,693,027
98$26,864,962$0$0$8,405,457
99$29,332,240$0$0$9,188,278
100$32,042,583$0$0$10,048,599