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%16.2%
1 years$81,506$80,780$80,071$79,380$78,705$76,709
2 years$40,349$39,598$38,870$38,163$37,478$35,480
3 years$26,632$25,878$25,151$24,452$23,778$21,840
4 years$19,775$19,023$18,304$17,616$16,959$15,096
5 years$15,662$14,914$14,204$13,531$12,892$11,110
6 years$12,921$12,178$11,479$10,821$10,201$8,502
7 years$10,963$10,227$9,539$8,896$8,296$6,679
8 years$9,496$8,767$8,090$7,463$6,882$5,347
9 years$8,356$7,633$6,968$6,357$5,796$4,341
10 years$7,444$6,728$6,075$5,480$4,938$3,563
11 years$6,698$5,990$5,348$4,769$4,247$2,948
12 years$6,077$5,376$4,746$4,183$3,680$2,456
13 years$5,552$4,858$4,241$3,693$3,209$2,057
14 years$5,102$4,416$3,810$3,278$2,813$1,730
15 years$4,713$4,034$3,440$2,924$2,477$1,461
16 years$4,373$3,701$3,119$2,618$2,189$1,237
17 years$4,073$3,409$2,838$2,352$1,941$1,050
18 years$3,806$3,150$2,591$2,120$1,726$893
19 years$3,568$2,919$2,372$1,915$1,538$761
20 years$3,355$2,713$2,177$1,735$1,374$649
21 years$3,161$2,527$2,002$1,574$1,230$555
22 years$2,986$2,359$1,845$1,431$1,102$474
23 years$2,826$2,206$1,704$1,304$989$406
24 years$2,679$2,067$1,576$1,189$889$348
25 years$2,545$1,940$1,459$1,086$800$298
26 years$2,421$1,823$1,354$993$721$256
27 years$2,306$1,716$1,257$909$650$219
28 years$2,200$1,617$1,168$833$586$188
29 years$2,101$1,525$1,087$764$530$162
30 years$2,009$1,440$1,013$701$478$139
31 years$1,923$1,362$944$644$433$119
32 years$1,843$1,288$881$591$391$103
33 years$1,768$1,220$823$544$354$88
34 years$1,697$1,156$769$500$321$76
35 years$1,630$1,097$719$461$290$65
36 years$1,568$1,041$672$424$263$56
37 years$1,508$989$629$391$238$48
38 years$1,452$940$589$360$216$41
39 years$1,400$893$552$332$196$36
40 years$1,349$850$517$306$178$31
41 years$1,302$809$485$283$161$26
42 years$1,257$771$455$261$146$23
43 years$1,214$734$427$241$133$20
44 years$1,173$700$401$222$121$17
45 years$1,134$667$376$205$109$14
46 years$1,097$637$354$190$99$12
47 years$1,061$608$332$175$90$11
48 years$1,027$580$312$162$82$9
49 years$995$554$293$150$74$8
50 years$964$529$276$138$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $987,000, adding $4,751 every year, while hoping to spend $25,343 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: 48/23/29 Blend
49$987,000$987,000$987,000$987,000
50$1,092,575$1,040,264$1,024,965$1,135,767
51$1,177,053$1,064,272$1,032,337$1,190,683
52$1,269,298$1,088,607$1,039,106$1,247,437
53$1,370,076$1,113,258$1,045,226$1,308,588
54$1,480,230$1,138,214$1,050,647$1,374,564
55$1,600,687$1,163,460$1,055,317$1,445,837
56$1,732,469$1,188,982$1,059,182$1,522,928
57$1,876,701$1,214,762$1,062,185$1,606,410
58$2,034,622$1,240,783$1,064,266$1,696,917
59$2,207,595$1,267,023$1,065,360$1,795,146
60$2,397,123$1,293,461$1,065,403$1,901,866
61$2,604,860$1,320,071$1,064,325$2,017,926
62$2,832,628$1,346,826$1,062,052$2,144,261
63$3,082,433$1,373,698$1,058,508$2,281,903
64$3,356,487$1,400,655$1,053,613$2,431,989
65$3,657,222$1,427,660$1,047,283$2,595,774
66$3,987,321$1,454,679$1,039,430$2,774,640
67$4,349,738$1,481,668$1,029,961$2,970,112
68$4,747,727$1,508,585$1,018,779$3,183,873
69$5,184,871$1,535,381$1,005,784$3,417,775
70$5,665,119$1,562,006$990,870$3,673,865
71$6,192,822$1,588,405$973,924$3,954,396
72$6,772,770$1,614,518$954,832$4,261,854
73$7,410,245$1,640,281$933,470$4,598,980
74$8,111,061$1,665,626$909,713$4,968,796
75$8,881,627$1,690,480$883,426$5,374,634
76$9,729,003$1,714,763$854,471$5,820,168
77$10,660,967$1,738,392$822,701$6,309,447
78$11,686,089$1,761,277$787,965$6,846,939
79$12,813,811$1,783,320$750,103$7,437,567
80$14,054,536$1,804,420$708,948$8,086,758
81$15,419,728$1,824,465$664,326$8,800,499
82$16,922,015$1,843,339$616,056$9,585,386
83$18,575,314$1,860,916$563,948$10,448,693
84$20,394,958$1,877,063$507,802$11,398,440
85$22,397,842$1,891,637$447,412$12,443,468
86$24,602,582$1,904,488$382,560$13,593,521
87$27,029,691$1,915,453$313,021$14,859,344
88$29,701,770$1,924,361$238,559$16,252,780
89$32,643,726$1,931,030$158,925$17,786,886
90$35,883,001$1,935,265$73,864$19,476,054
91$39,449,835$1,936,861$0$21,336,149
92$43,377,549$1,935,598$0$23,389,893
93$47,702,861$1,931,244$0$25,676,064
94$52,466,230$1,923,552$0$28,193,122
95$57,712,239$1,912,260$0$30,964,585
96$63,490,016$1,897,090$0$34,016,375
97$69,853,698$1,877,747$0$37,377,053
98$76,862,937$1,853,919$0$41,078,098
99$84,583,470$1,825,274$0$45,154,202
100$93,087,733$1,791,462$0$49,643,594