Can I retire at age 50 with 985,000?

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 $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%16.4%
1 years$81,340$80,616$79,909$79,219$78,545$76,491
2 years$40,268$39,518$38,791$38,086$37,403$35,347
3 years$26,578$25,825$25,100$24,402$23,730$21,737
4 years$19,735$18,984$18,267$17,580$16,924$15,010
5 years$15,630$14,884$14,176$13,503$12,866$11,035
6 years$12,895$12,154$11,456$10,799$10,180$8,435
7 years$10,941$10,207$9,520$8,878$8,279$6,619
8 years$9,477$8,749$8,074$7,448$6,868$5,293
9 years$8,339$7,618$6,954$6,344$5,784$4,292
10 years$7,429$6,715$6,063$5,468$4,928$3,518
11 years$6,684$5,978$5,337$4,759$4,239$2,907
12 years$6,065$5,365$4,737$4,174$3,673$2,419
13 years$5,541$4,849$4,232$3,685$3,203$2,023
14 years$5,092$4,407$3,802$3,271$2,808$1,699
15 years$4,704$4,026$3,433$2,918$2,472$1,433
16 years$4,364$3,694$3,113$2,612$2,185$1,211
17 years$4,065$3,402$2,832$2,347$1,937$1,027
18 years$3,799$3,143$2,586$2,115$1,723$872
19 years$3,561$2,913$2,367$1,911$1,535$742
20 years$3,348$2,707$2,172$1,731$1,371$632
21 years$3,155$2,522$1,998$1,571$1,227$539
22 years$2,980$2,354$1,842$1,428$1,100$460
23 years$2,820$2,202$1,700$1,301$987$394
24 years$2,674$2,063$1,573$1,187$888$337
25 years$2,539$1,936$1,456$1,084$799$288
26 years$2,416$1,819$1,351$991$719$247
27 years$2,301$1,712$1,254$907$649$211
28 years$2,195$1,613$1,166$831$585$181
29 years$2,097$1,522$1,085$762$528$155
30 years$2,005$1,437$1,011$699$477$133
31 years$1,919$1,359$942$642$432$114
32 years$1,839$1,286$879$590$391$98
33 years$1,764$1,218$821$543$353$84
34 years$1,693$1,154$767$499$320$72
35 years$1,627$1,095$717$460$290$62
36 years$1,564$1,039$671$423$263$53
37 years$1,505$987$628$390$238$46
38 years$1,450$938$588$360$216$39
39 years$1,397$892$551$332$196$34
40 years$1,347$848$516$306$177$29
41 years$1,299$808$484$282$161$25
42 years$1,254$769$454$260$146$21
43 years$1,211$733$426$240$133$18
44 years$1,170$698$400$222$120$16
45 years$1,131$666$376$205$109$14
46 years$1,094$635$353$189$99$12
47 years$1,059$606$331$175$90$10
48 years$1,025$579$311$162$82$9
49 years$993$553$293$149$74$7
50 years$962$528$275$138$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $985,000, adding $4,223 every year, while hoping to spend $38,032 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: 45/41/14 Blend
49$985,000$985,000$985,000$985,000
50$1,089,826$1,037,621$1,022,354$1,134,332
51$1,160,523$1,047,999$1,016,137$1,176,122
52$1,237,155$1,057,610$1,008,437$1,217,234
53$1,320,290$1,066,378$999,164$1,260,982
54$1,410,548$1,074,219$988,225$1,307,627
55$1,508,614$1,081,045$975,520$1,357,454
56$1,615,239$1,086,763$960,946$1,410,782
57$1,731,251$1,091,272$944,396$1,467,962
58$1,857,561$1,094,467$925,756$1,529,385
59$1,995,171$1,096,235$904,908$1,595,482
60$2,145,184$1,096,456$881,727$1,666,730
61$2,308,813$1,095,003$856,085$1,743,657
62$2,487,394$1,091,740$827,846$1,826,849
63$2,682,398$1,086,524$796,868$1,916,953
64$2,895,442$1,079,204$763,003$2,014,684
65$3,128,309$1,069,617$726,096$2,120,834
66$3,382,961$1,057,592$685,984$2,236,280
67$3,661,558$1,042,949$642,500$2,361,989
68$3,966,478$1,025,494$595,464$2,499,035
69$4,300,340$1,005,025$544,694$2,648,600
70$4,666,028$981,325$489,995$2,811,995
71$5,066,719$954,166$431,165$2,990,667
72$5,505,910$923,306$367,995$3,186,216
73$5,987,454$888,488$300,264$3,400,412
74$6,515,593$849,443$227,742$3,635,208
75$7,095,001$805,884$150,189$3,892,765
76$7,730,826$757,507$67,355$4,175,468
77$8,428,737$703,991$0$4,485,954
78$9,194,980$644,999$0$4,830,279
79$10,036,435$580,170$0$5,219,456
80$10,960,680$509,128$0$5,647,010
81$11,976,065$431,471$0$6,116,909
82$13,091,788$346,777$0$6,633,530
83$14,317,980$254,599$0$7,201,707
84$15,665,806$154,466$0$7,826,773
85$17,147,562$45,879$0$8,514,611
86$18,776,798$0$0$9,271,714
87$20,568,443$0$0$10,137,589
88$22,538,942$0$0$11,112,797
89$24,706,416$0$0$12,185,624
90$27,090,830$0$0$13,365,967
91$29,714,182$0$0$14,664,733
92$32,600,709$0$0$16,093,940
93$35,777,116$0$0$17,666,828
94$39,272,826$0$0$19,397,987
95$43,120,262$0$0$21,303,492
96$47,355,147$0$0$23,401,057
97$52,016,844$0$0$25,710,198
98$57,148,726$0$0$28,252,422
99$62,798,583$0$0$31,051,426
100$69,019,078$0$0$34,133,322