Can I retire at age 50 with 986,000?

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 $986,000?

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%
1 years$81,423$80,698$79,990$79,299$78,625$78,261
2 years$40,308$39,558$38,830$38,125$37,440$37,073
3 years$26,605$25,851$25,126$24,427$23,754$23,394
4 years$19,755$19,004$18,285$17,598$16,941$16,592
5 years$15,646$14,899$14,190$13,517$12,879$12,541
6 years$12,908$12,166$11,468$10,810$10,190$9,865
7 years$10,952$10,217$9,530$8,887$8,288$7,975
8 years$9,487$8,758$8,082$7,455$6,875$6,575
9 years$8,347$7,625$6,961$6,350$5,790$5,502
10 years$7,436$6,721$6,069$5,474$4,933$4,658
11 years$6,691$5,984$5,343$4,764$4,243$3,979
12 years$6,071$5,371$4,742$4,179$3,677$3,425
13 years$5,546$4,853$4,236$3,689$3,206$2,966
14 years$5,097$4,412$3,806$3,275$2,811$2,581
15 years$4,708$4,030$3,437$2,921$2,475$2,257
16 years$4,368$3,698$3,116$2,615$2,187$1,980
17 years$4,069$3,405$2,835$2,350$1,939$1,742
18 years$3,803$3,147$2,588$2,117$1,724$1,537
19 years$3,565$2,916$2,369$1,913$1,537$1,360
20 years$3,351$2,710$2,174$1,733$1,373$1,205
21 years$3,158$2,524$2,000$1,573$1,228$1,070
22 years$2,983$2,356$1,843$1,430$1,101$951
23 years$2,823$2,204$1,702$1,302$988$847
24 years$2,676$2,065$1,574$1,188$888$755
25 years$2,542$1,938$1,458$1,085$799$674
26 years$2,418$1,821$1,352$992$720$602
27 years$2,304$1,714$1,256$908$649$538
28 years$2,198$1,615$1,167$832$586$481
29 years$2,099$1,524$1,086$763$529$431
30 years$2,007$1,439$1,012$700$478$386
31 years$1,921$1,360$943$643$432$346
32 years$1,841$1,287$880$591$391$310
33 years$1,766$1,219$822$543$354$278
34 years$1,695$1,155$768$500$320$249
35 years$1,629$1,096$718$460$290$224
36 years$1,566$1,040$672$424$263$201
37 years$1,507$988$629$391$238$180
38 years$1,451$939$589$360$216$162
39 years$1,398$893$551$332$196$146
40 years$1,348$849$517$306$178$131
41 years$1,300$808$485$282$161$118
42 years$1,255$770$455$261$146$106
43 years$1,212$734$427$241$133$95
44 years$1,172$699$400$222$120$85
45 years$1,133$667$376$205$109$77
46 years$1,095$636$353$190$99$69
47 years$1,060$607$332$175$90$62
48 years$1,026$579$312$162$82$56
49 years$994$553$293$150$74$50
50 years$963$529$276$138$68$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $986,000, adding $2,665 every year, while hoping to spend $23,549 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: 71/23/6 Blend
49$986,000$986,000$986,000$986,000
50$1,089,321$1,037,063$1,021,780$1,165,644
51$1,175,376$1,062,823$1,030,954$1,242,142
52$1,269,419$1,089,056$1,039,645$1,322,659
53$1,372,240$1,115,761$1,047,814$1,410,127
54$1,484,710$1,142,934$1,055,417$1,505,225
55$1,607,785$1,170,572$1,062,408$1,608,698
56$1,742,520$1,198,671$1,068,740$1,721,366
57$1,890,076$1,227,226$1,074,362$1,844,134
58$2,051,733$1,256,229$1,079,222$1,977,998
59$2,228,898$1,285,672$1,083,264$2,124,054
60$2,423,122$1,315,547$1,086,430$2,283,509
61$2,636,114$1,345,842$1,088,659$2,457,695
62$2,869,755$1,376,545$1,089,886$2,648,077
63$3,126,116$1,407,643$1,090,044$2,856,267
64$3,407,482$1,439,119$1,089,062$3,084,045
65$3,716,366$1,470,956$1,086,866$3,333,368
66$4,055,537$1,503,135$1,083,379$3,606,394
67$4,428,047$1,535,634$1,078,517$3,905,501
68$4,837,257$1,568,429$1,072,196$4,233,307
69$5,286,869$1,601,494$1,064,327$4,592,696
70$5,780,963$1,634,800$1,054,814$4,986,849
71$6,324,030$1,668,315$1,043,560$5,419,266
72$6,921,024$1,702,004$1,030,462$5,893,807
73$7,577,396$1,735,831$1,015,410$6,414,724
74$8,299,157$1,769,753$998,293$6,986,701
75$9,092,928$1,803,727$978,992$7,614,901
76$9,966,001$1,837,704$957,383$8,305,011
77$10,926,414$1,871,633$933,336$9,063,299
78$11,983,021$1,905,456$906,716$9,896,671
79$13,145,579$1,939,113$877,381$10,812,737
80$14,424,837$1,972,538$845,182$11,819,883
81$15,832,639$2,005,661$809,964$12,927,350
82$17,382,035$2,038,406$771,565$14,145,319
83$19,087,406$2,070,691$729,816$15,485,013
84$20,964,596$2,102,429$684,539$16,958,796
85$23,031,062$2,133,525$635,548$18,580,293
86$25,306,042$2,163,880$582,651$20,364,521
87$27,810,733$2,193,385$525,645$22,328,025
88$30,568,493$2,221,926$464,318$24,489,041
89$33,605,057$2,249,378$398,451$26,867,662
90$36,948,786$2,275,611$327,812$29,486,031
91$40,630,930$2,300,483$252,162$32,368,550
92$44,685,923$2,323,846$171,248$35,542,112
93$49,151,711$2,345,538$84,808$39,036,348
94$54,070,106$2,365,390$0$42,883,917
95$59,487,182$2,383,219$0$47,121,283
96$65,453,710$2,398,833$0$51,793,455
97$72,025,638$2,412,025$0$56,938,721
98$79,264,615$2,422,576$0$62,605,265
99$87,238,578$2,430,254$0$68,846,186
100$96,022,387$2,434,810$0$75,719,996