Can I retire at age 50 with 986,000?

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 $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%15.9%
1 years$81,423$80,698$79,990$79,299$78,625$76,724
2 years$40,308$39,558$38,830$38,125$37,440$35,537
3 years$26,605$25,851$25,126$24,427$23,754$21,907
4 years$19,755$19,004$18,285$17,598$16,941$15,165
5 years$15,646$14,899$14,190$13,517$12,879$11,179
6 years$12,908$12,166$11,468$10,810$10,190$8,568
7 years$10,952$10,217$9,530$8,887$8,288$6,743
8 years$9,487$8,758$8,082$7,455$6,875$5,408
9 years$8,347$7,625$6,961$6,350$5,790$4,398
10 years$7,436$6,721$6,069$5,474$4,933$3,616
11 years$6,691$5,984$5,343$4,764$4,243$2,998
12 years$6,071$5,371$4,742$4,179$3,677$2,502
13 years$5,546$4,853$4,236$3,689$3,206$2,100
14 years$5,097$4,412$3,806$3,275$2,811$1,770
15 years$4,708$4,030$3,437$2,921$2,475$1,497
16 years$4,368$3,698$3,116$2,615$2,187$1,271
17 years$4,069$3,405$2,835$2,350$1,939$1,081
18 years$3,803$3,147$2,588$2,117$1,724$921
19 years$3,565$2,916$2,369$1,913$1,537$787
20 years$3,351$2,710$2,174$1,733$1,373$673
21 years$3,158$2,524$2,000$1,573$1,228$576
22 years$2,983$2,356$1,843$1,430$1,101$494
23 years$2,823$2,204$1,702$1,302$988$424
24 years$2,676$2,065$1,574$1,188$888$364
25 years$2,542$1,938$1,458$1,085$799$313
26 years$2,418$1,821$1,352$992$720$269
27 years$2,304$1,714$1,256$908$649$231
28 years$2,198$1,615$1,167$832$586$199
29 years$2,099$1,524$1,086$763$529$171
30 years$2,007$1,439$1,012$700$478$148
31 years$1,921$1,360$943$643$432$127
32 years$1,841$1,287$880$591$391$110
33 years$1,766$1,219$822$543$354$94
34 years$1,695$1,155$768$500$320$81
35 years$1,629$1,096$718$460$290$70
36 years$1,566$1,040$672$424$263$60
37 years$1,507$988$629$391$238$52
38 years$1,451$939$589$360$216$45
39 years$1,398$893$551$332$196$39
40 years$1,348$849$517$306$178$33
41 years$1,300$808$485$282$161$29
42 years$1,255$770$455$261$146$25
43 years$1,212$734$427$241$133$21
44 years$1,172$699$400$222$120$19
45 years$1,133$667$376$205$109$16
46 years$1,095$636$353$190$99$14
47 years$1,060$607$332$175$90$12
48 years$1,026$579$312$162$82$10
49 years$994$553$293$150$74$9
50 years$963$529$276$138$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $986,000, adding $2,409 every year, while hoping to spend $25,563 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: 45/45/10 Blend
49$986,000$986,000$986,000$986,000
50$1,089,057$1,036,799$1,021,516$1,134,881
51$1,172,942$1,060,403$1,028,538$1,190,464
52$1,264,526$1,084,307$1,034,938$1,247,887
53$1,364,569$1,108,499$1,040,669$1,309,573
54$1,473,904$1,132,965$1,045,681$1,375,924
55$1,593,451$1,157,689$1,049,920$1,447,384
56$1,724,221$1,182,654$1,053,331$1,524,440
57$1,867,330$1,207,843$1,055,856$1,607,630
58$2,024,004$1,233,233$1,057,434$1,697,547
59$2,195,595$1,258,804$1,057,999$1,794,843
60$2,383,589$1,284,529$1,057,486$1,900,239
61$2,589,627$1,310,382$1,055,823$2,014,525
62$2,815,511$1,336,333$1,052,936$2,138,577
63$3,063,231$1,362,352$1,048,747$2,273,356
64$3,334,976$1,388,402$1,043,175$2,419,924
65$3,633,156$1,414,446$1,036,134$2,579,449
66$3,960,428$1,440,444$1,027,535$2,753,221
67$4,319,717$1,466,351$1,017,283$2,942,660
68$4,714,247$1,492,121$1,005,280$3,149,332
69$5,147,567$1,517,701$991,424$3,374,962
70$5,623,588$1,543,038$975,606$3,621,453
71$6,146,619$1,568,072$957,714$3,890,903
72$6,721,406$1,592,740$937,629$4,185,622
73$7,353,178$1,616,973$915,229$4,508,159
74$8,047,696$1,640,698$890,383$4,861,323
75$8,811,306$1,663,838$862,956$5,248,210
76$9,651,001$1,686,307$832,806$5,672,234
77$10,574,485$1,708,018$799,787$6,137,158
78$11,590,245$1,728,873$763,742$6,647,130
79$12,707,633$1,748,771$724,510$7,206,722
80$13,936,953$1,767,602$681,923$7,820,975
81$15,289,557$1,785,250$635,802$8,495,446
82$16,777,955$1,801,590$585,964$9,236,260
83$18,415,928$1,816,490$532,216$10,050,169
84$20,218,663$1,829,808$474,356$10,944,618
85$22,202,893$1,841,395$412,173$11,927,810
86$24,387,056$1,851,091$345,448$13,008,792
87$26,791,466$1,858,725$273,951$14,197,534
88$29,438,509$1,864,116$197,442$15,505,027
89$32,352,851$1,867,072$115,671$16,943,387
90$35,561,672$1,867,389$28,376$18,525,967
91$39,094,921$1,864,849$0$20,267,490
92$42,985,599$1,859,223$0$22,191,096
93$47,270,071$1,850,266$0$24,311,439
94$51,988,407$1,837,717$0$26,645,237
95$57,184,762$1,821,303$0$29,214,257
96$62,907,792$1,800,731$0$32,042,489
97$69,211,111$1,775,691$0$35,156,375
98$76,153,801$1,745,857$0$38,585,057
99$83,800,965$1,710,880$0$42,360,656
100$92,224,343$1,670,392$0$46,518,576