Can I retire at age 50 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$81,506$80,780$80,071$79,380$78,705$76,896
2 years$40,349$39,598$38,870$38,163$37,478$35,666
3 years$26,632$25,878$25,151$24,452$23,778$22,018
4 years$19,775$19,023$18,304$17,616$16,959$15,266
5 years$15,662$14,914$14,204$13,531$12,892$11,270
6 years$12,921$12,178$11,479$10,821$10,201$8,652
7 years$10,963$10,227$9,539$8,896$8,296$6,821
8 years$9,496$8,767$8,090$7,463$6,882$5,480
9 years$8,356$7,633$6,968$6,357$5,796$4,465
10 years$7,444$6,728$6,075$5,480$4,938$3,678
11 years$6,698$5,990$5,348$4,769$4,247$3,055
12 years$6,077$5,376$4,746$4,183$3,680$2,555
13 years$5,552$4,858$4,241$3,693$3,209$2,148
14 years$5,102$4,416$3,810$3,278$2,813$1,815
15 years$4,713$4,034$3,440$2,924$2,477$1,538
16 years$4,373$3,701$3,119$2,618$2,189$1,308
17 years$4,073$3,409$2,838$2,352$1,941$1,115
18 years$3,806$3,150$2,591$2,120$1,726$953
19 years$3,568$2,919$2,372$1,915$1,538$815
20 years$3,355$2,713$2,177$1,735$1,374$699
21 years$3,161$2,527$2,002$1,574$1,230$600
22 years$2,986$2,359$1,845$1,431$1,102$515
23 years$2,826$2,206$1,704$1,304$989$443
24 years$2,679$2,067$1,576$1,189$889$382
25 years$2,545$1,940$1,459$1,086$800$329
26 years$2,421$1,823$1,354$993$721$283
27 years$2,306$1,716$1,257$909$650$244
28 years$2,200$1,617$1,168$833$586$211
29 years$2,101$1,525$1,087$764$530$182
30 years$2,009$1,440$1,013$701$478$157
31 years$1,923$1,362$944$644$433$136
32 years$1,843$1,288$881$591$391$117
33 years$1,768$1,220$823$544$354$101
34 years$1,697$1,156$769$500$321$87
35 years$1,630$1,097$719$461$290$76
36 years$1,568$1,041$672$424$263$65
37 years$1,508$989$629$391$238$56
38 years$1,452$940$589$360$216$49
39 years$1,400$893$552$332$196$42
40 years$1,349$850$517$306$178$36
41 years$1,302$809$485$283$161$32
42 years$1,257$771$455$261$146$27
43 years$1,214$734$427$241$133$24
44 years$1,173$700$401$222$121$20
45 years$1,134$667$376$205$109$18
46 years$1,097$637$354$190$99$15
47 years$1,061$608$332$175$90$13
48 years$1,027$580$312$162$82$11
49 years$995$554$293$150$74$10
50 years$964$529$276$138$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $987,000, adding $6,519 every year, while hoping to spend $39,375 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: 62/24/14 Blend
49$987,000$987,000$987,000$987,000
50$1,094,398$1,042,087$1,026,789$1,158,123
51$1,164,132$1,051,255$1,019,292$1,210,866
52$1,239,659$1,059,552$1,010,223$1,263,351
53$1,321,529$1,066,894$999,490$1,319,691
54$1,410,345$1,073,193$986,993$1,380,263
55$1,506,772$1,078,351$972,630$1,445,482
56$1,611,541$1,082,268$956,291$1,515,805
57$1,725,455$1,084,836$937,863$1,591,739
58$1,849,399$1,085,940$917,229$1,673,841
59$1,984,345$1,085,459$894,264$1,762,729
60$2,131,364$1,083,263$868,838$1,859,081
61$2,291,635$1,079,214$840,816$1,963,650
62$2,466,454$1,073,168$810,055$2,077,264
63$2,657,248$1,064,969$776,408$2,200,837
64$2,865,589$1,054,454$739,719$2,335,381
65$3,093,205$1,041,448$699,825$2,482,008
66$3,342,001$1,025,768$656,559$2,641,950
67$3,614,073$1,007,218$609,741$2,816,564
68$3,911,728$985,592$559,187$3,007,347
69$4,237,509$960,670$504,704$3,215,954
70$4,594,213$932,221$446,090$3,444,209
71$4,984,921$899,998$383,132$3,694,124
72$5,413,028$863,743$315,612$3,967,923
73$5,882,271$823,180$243,299$4,268,055
74$6,396,765$778,019$165,953$4,597,225
75$6,961,045$727,952$83,322$4,958,417
76$7,580,103$672,653$0$5,354,924
77$8,259,440$611,780$0$5,791,102
78$9,005,114$544,967$0$6,283,563
79$9,823,797$471,832$0$6,824,310
80$10,722,841$391,969$0$7,418,262
81$11,710,343$304,948$0$8,070,844
82$12,795,225$210,317$0$8,788,037
83$13,987,313$107,598$0$9,576,434
84$15,297,433$0$0$10,443,305
85$16,737,514$0$0$11,397,646
86$18,320,695$0$0$12,478,139
87$20,061,452$0$0$13,666,256
88$21,975,736$0$0$14,972,895
89$24,081,120$0$0$16,410,060
90$26,396,965$0$0$17,990,980
91$28,944,602$0$0$19,730,226
92$31,747,535$0$0$21,643,857
93$34,831,661$0$0$23,749,564
94$38,225,513$0$0$26,066,842
95$41,960,530$0$0$28,617,168
96$46,071,353$0$0$31,424,211
97$50,596,151$0$0$34,514,046
98$55,576,984$0$0$37,915,409
99$61,060,191$0$0$41,659,960
100$67,096,838$0$0$45,782,587