Can I retire at age 50 with 985,000?

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 $985,000?

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$81,340$80,616$79,909$79,219$78,545$78,214
2 years$40,268$39,518$38,791$38,086$37,403$37,068
3 years$26,578$25,825$25,100$24,402$23,730$23,403
4 years$19,735$18,984$18,267$17,580$16,924$16,607
5 years$15,630$14,884$14,176$13,503$12,866$12,559
6 years$12,895$12,154$11,456$10,799$10,180$9,884
7 years$10,941$10,207$9,520$8,878$8,279$7,995
8 years$9,477$8,749$8,074$7,448$6,868$6,595
9 years$8,339$7,618$6,954$6,344$5,784$5,522
10 years$7,429$6,715$6,063$5,468$4,928$4,677
11 years$6,684$5,978$5,337$4,759$4,239$3,998
12 years$6,065$5,365$4,737$4,174$3,673$3,444
13 years$5,541$4,849$4,232$3,685$3,203$2,984
14 years$5,092$4,407$3,802$3,271$2,808$2,599
15 years$4,704$4,026$3,433$2,918$2,472$2,273
16 years$4,364$3,694$3,113$2,612$2,185$1,996
17 years$4,065$3,402$2,832$2,347$1,937$1,758
18 years$3,799$3,143$2,586$2,115$1,723$1,552
19 years$3,561$2,913$2,367$1,911$1,535$1,374
20 years$3,348$2,707$2,172$1,731$1,371$1,218
21 years$3,155$2,522$1,998$1,571$1,227$1,082
22 years$2,980$2,354$1,842$1,428$1,100$963
23 years$2,820$2,202$1,700$1,301$987$858
24 years$2,674$2,063$1,573$1,187$888$766
25 years$2,539$1,936$1,456$1,084$799$684
26 years$2,416$1,819$1,351$991$719$611
27 years$2,301$1,712$1,254$907$649$547
28 years$2,195$1,613$1,166$831$585$489
29 years$2,097$1,522$1,085$762$528$438
30 years$2,005$1,437$1,011$699$477$393
31 years$1,919$1,359$942$642$432$352
32 years$1,839$1,286$879$590$391$316
33 years$1,764$1,218$821$543$353$284
34 years$1,693$1,154$767$499$320$255
35 years$1,627$1,095$717$460$290$229
36 years$1,564$1,039$671$423$263$206
37 years$1,505$987$628$390$238$185
38 years$1,450$938$588$360$216$166
39 years$1,397$892$551$332$196$149
40 years$1,347$848$516$306$177$134
41 years$1,299$808$484$282$161$121
42 years$1,254$769$454$260$146$109
43 years$1,211$733$426$240$133$98
44 years$1,170$698$400$222$120$88
45 years$1,131$666$376$205$109$79
46 years$1,094$635$353$189$99$71
47 years$1,059$606$331$175$90$64
48 years$1,025$579$311$162$82$58
49 years$993$553$293$149$74$52
50 years$962$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 $985,000, adding $3,005 every year, while hoping to spend $24,535 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: 50/28/22 Blend
49$985,000$985,000$985,000$985,000
50$1,088,570$1,036,365$1,021,097$1,136,146
51$1,173,499$1,061,041$1,029,199$1,194,138
52$1,266,268$1,086,105$1,036,750$1,254,392
53$1,367,652$1,111,549$1,043,705$1,319,370
54$1,478,502$1,137,364$1,050,019$1,389,529
55$1,599,756$1,163,542$1,055,641$1,465,373
56$1,732,447$1,190,072$1,060,522$1,547,455
57$1,877,713$1,216,941$1,064,605$1,636,386
58$2,036,805$1,244,136$1,067,834$1,732,839
59$2,211,103$1,271,643$1,070,151$1,837,557
60$2,402,125$1,299,443$1,071,490$1,951,356
61$2,611,545$1,327,518$1,071,788$2,075,138
62$2,841,203$1,355,848$1,070,974$2,209,897
63$3,093,131$1,384,410$1,068,977$2,356,728
64$3,369,562$1,413,177$1,065,719$2,516,836
65$3,672,958$1,442,124$1,061,122$2,691,553
66$4,006,032$1,471,220$1,055,101$2,882,345
67$4,371,769$1,500,432$1,047,569$3,090,829
68$4,773,461$1,529,725$1,038,434$3,318,785
69$5,214,733$1,559,059$1,027,600$3,568,179
70$5,699,577$1,588,395$1,014,966$3,841,175
71$6,232,393$1,617,685$1,000,426$4,140,161
72$6,818,027$1,646,881$983,871$4,467,767
73$7,461,818$1,675,931$965,183$4,826,893
74$8,169,649$1,704,778$944,242$5,220,737
75$8,948,001$1,733,360$920,922$5,652,823
76$9,804,014$1,761,611$895,090$6,127,035
77$10,745,554$1,789,461$866,606$6,647,656
78$11,781,290$1,816,834$835,327$7,219,408
79$12,920,772$1,843,648$801,100$7,847,492
80$14,174,520$1,869,817$763,767$8,537,647
81$15,554,130$1,895,247$723,162$9,296,194
82$17,072,375$1,919,837$679,111$10,130,105
83$18,743,330$1,943,482$631,434$11,047,061
84$20,582,504$1,966,067$579,942$12,055,531
85$22,606,985$1,987,471$524,436$13,164,852
86$24,835,604$2,007,562$464,710$14,385,312
87$27,289,106$2,026,204$400,549$15,728,255
88$29,990,354$2,043,247$331,727$17,206,181
89$32,964,539$2,058,535$258,009$18,832,873
90$36,239,419$2,071,900$179,149$20,623,519
91$39,845,580$2,083,164$94,890$22,594,863
92$43,816,726$2,092,136$4,966$24,765,359
93$48,189,997$2,098,615$0$27,155,348
94$53,006,316$2,102,386$0$29,808,611
95$58,310,779$2,103,222$0$32,731,131
96$64,153,078$2,100,880$0$35,949,050
97$70,587,972$2,095,103$0$39,492,464
98$77,675,801$2,085,619$0$43,394,540
99$85,483,055$2,072,137$0$47,691,829
100$94,083,006$2,054,351$0$52,424,612