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%18.8%
1 years$81,423$80,698$79,990$79,299$78,625$75,835
2 years$40,308$39,558$38,830$38,125$37,440$34,660
3 years$26,605$25,851$25,126$24,427$23,754$21,069
4 years$19,755$19,004$18,285$17,598$16,941$14,374
5 years$15,646$14,899$14,190$13,517$12,879$10,434
6 years$12,908$12,166$11,468$10,810$10,190$7,871
7 years$10,952$10,217$9,530$8,887$8,288$6,093
8 years$9,487$8,758$8,082$7,455$6,875$4,804
9 years$8,347$7,625$6,961$6,350$5,790$3,839
10 years$7,436$6,721$6,069$5,474$4,933$3,100
11 years$6,691$5,984$5,343$4,764$4,243$2,522
12 years$6,071$5,371$4,742$4,179$3,677$2,065
13 years$5,546$4,853$4,236$3,689$3,206$1,700
14 years$5,097$4,412$3,806$3,275$2,811$1,404
15 years$4,708$4,030$3,437$2,921$2,475$1,164
16 years$4,368$3,698$3,116$2,615$2,187$967
17 years$4,069$3,405$2,835$2,350$1,939$805
18 years$3,803$3,147$2,588$2,117$1,724$672
19 years$3,565$2,916$2,369$1,913$1,537$561
20 years$3,351$2,710$2,174$1,733$1,373$470
21 years$3,158$2,524$2,000$1,573$1,228$393
22 years$2,983$2,356$1,843$1,430$1,101$330
23 years$2,823$2,204$1,702$1,302$988$276
24 years$2,676$2,065$1,574$1,188$888$232
25 years$2,542$1,938$1,458$1,085$799$195
26 years$2,418$1,821$1,352$992$720$164
27 years$2,304$1,714$1,256$908$649$137
28 years$2,198$1,615$1,167$832$586$116
29 years$2,099$1,524$1,086$763$529$97
30 years$2,007$1,439$1,012$700$478$82
31 years$1,921$1,360$943$643$432$69
32 years$1,841$1,287$880$591$391$58
33 years$1,766$1,219$822$543$354$49
34 years$1,695$1,155$768$500$320$41
35 years$1,629$1,096$718$460$290$34
36 years$1,566$1,040$672$424$263$29
37 years$1,507$988$629$391$238$24
38 years$1,451$939$589$360$216$20
39 years$1,398$893$551$332$196$17
40 years$1,348$849$517$306$178$15
41 years$1,300$808$485$282$161$12
42 years$1,255$770$455$261$146$10
43 years$1,212$734$427$241$133$9
44 years$1,172$699$400$222$120$7
45 years$1,133$667$376$205$109$6
46 years$1,095$636$353$190$99$5
47 years$1,060$607$332$175$90$4
48 years$1,026$579$312$162$82$4
49 years$994$553$293$150$74$3
50 years$963$529$276$138$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $986,000, adding $3,790 every year, while hoping to spend $50,650 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: 22/50/28 Blend
49$986,000$986,000$986,000$986,000
50$1,090,481$1,038,223$1,022,940$1,104,723
51$1,147,819$1,035,205$1,003,318$1,114,618
52$1,209,308$1,030,341$981,340$1,120,710
53$1,275,318$1,023,488$956,875$1,126,138
54$1,346,254$1,014,493$929,784$1,130,880
55$1,422,563$1,003,194$899,923$1,134,917
56$1,504,733$989,420$867,140$1,138,235
57$1,593,303$972,988$831,275$1,140,823
58$1,688,862$953,707$792,165$1,142,675
59$1,792,058$931,371$749,636$1,143,790
60$1,903,606$905,765$703,506$1,144,177
61$2,024,286$876,661$653,586$1,143,850
62$2,154,962$843,816$599,679$1,142,835
63$2,296,578$806,973$541,579$1,141,166
64$2,450,177$765,862$479,069$1,138,891
65$2,616,902$720,196$411,925$1,136,073
66$2,798,012$669,672$339,911$1,132,790
67$2,994,893$613,969$262,781$1,129,138
68$3,209,067$552,749$180,279$1,125,234
69$3,442,210$485,652$92,138$1,121,221
70$3,696,168$412,301$0$1,117,266
71$3,972,969$332,296$0$1,114,141
72$4,274,847$245,214$0$1,140,919
73$4,604,261$150,609$0$1,170,402
74$4,963,916$48,010$0$1,203,001
75$5,356,792$0$0$1,239,175
76$5,786,168$0$0$1,314,151
77$6,255,655$0$0$1,425,181
78$6,769,226$0$0$1,546,811
79$7,331,260$0$0$1,680,100
80$7,946,576$0$0$1,826,212
81$8,620,482$0$0$1,986,433
82$9,358,821$0$0$2,162,175
83$10,168,031$0$0$2,354,996
84$11,055,201$0$0$2,566,612
85$12,028,138$0$0$2,798,912
86$13,095,442$0$0$3,053,978
87$14,266,585$0$0$3,334,102
88$15,551,999$0$0$3,641,810
89$16,963,178$0$0$3,979,885
90$18,512,780$0$0$4,351,391
91$20,214,752$0$0$4,759,707
92$22,084,455$0$0$5,208,551
93$24,138,814$0$0$5,702,023
94$26,396,472$0$0$6,244,639
95$28,877,970$0$0$6,841,373
96$31,605,935$0$0$7,497,708
97$34,605,300$0$0$8,219,681
98$37,903,529$0$0$9,013,948
99$41,530,885$0$0$9,887,840
100$45,520,710$0$0$10,849,434