Can I retire at age 50 with 987,000?

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 $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%12.4%
1 years$81,506$80,780$80,071$79,380$78,705$77,915
2 years$40,349$39,598$38,870$38,163$37,478$36,683
3 years$26,632$25,878$25,151$24,452$23,778$23,002
4 years$19,775$19,023$18,304$17,616$16,959$16,207
5 years$15,662$14,914$14,204$13,531$12,892$12,168
6 years$12,921$12,178$11,479$10,821$10,201$9,505
7 years$10,963$10,227$9,539$8,896$8,296$7,628
8 years$9,496$8,767$8,090$7,463$6,882$6,243
9 years$8,356$7,633$6,968$6,357$5,796$5,185
10 years$7,444$6,728$6,075$5,480$4,938$4,355
11 years$6,698$5,990$5,348$4,769$4,247$3,691
12 years$6,077$5,376$4,746$4,183$3,680$3,151
13 years$5,552$4,858$4,241$3,693$3,209$2,706
14 years$5,102$4,416$3,810$3,278$2,813$2,335
15 years$4,713$4,034$3,440$2,924$2,477$2,024
16 years$4,373$3,701$3,119$2,618$2,189$1,760
17 years$4,073$3,409$2,838$2,352$1,941$1,535
18 years$3,806$3,150$2,591$2,120$1,726$1,342
19 years$3,568$2,919$2,372$1,915$1,538$1,176
20 years$3,355$2,713$2,177$1,735$1,374$1,032
21 years$3,161$2,527$2,002$1,574$1,230$908
22 years$2,986$2,359$1,845$1,431$1,102$799
23 years$2,826$2,206$1,704$1,304$989$705
24 years$2,679$2,067$1,576$1,189$889$622
25 years$2,545$1,940$1,459$1,086$800$549
26 years$2,421$1,823$1,354$993$721$486
27 years$2,306$1,716$1,257$909$650$430
28 years$2,200$1,617$1,168$833$586$381
29 years$2,101$1,525$1,087$764$530$337
30 years$2,009$1,440$1,013$701$478$299
31 years$1,923$1,362$944$644$433$265
32 years$1,843$1,288$881$591$391$235
33 years$1,768$1,220$823$544$354$208
34 years$1,697$1,156$769$500$321$185
35 years$1,630$1,097$719$461$290$164
36 years$1,568$1,041$672$424$263$146
37 years$1,508$989$629$391$238$130
38 years$1,452$940$589$360$216$115
39 years$1,400$893$552$332$196$102
40 years$1,349$850$517$306$178$91
41 years$1,302$809$485$283$161$81
42 years$1,257$771$455$261$146$72
43 years$1,214$734$427$241$133$64
44 years$1,173$700$401$222$121$57
45 years$1,134$667$376$205$109$50
46 years$1,097$637$354$190$99$45
47 years$1,061$608$332$175$90$40
48 years$1,027$580$312$162$82$35
49 years$995$554$293$150$74$32
50 years$964$529$276$138$68$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $987,000, adding $2,678 every year, while hoping to spend $23,314 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: 54/39/7 Blend
49$987,000$987,000$987,000$987,000
50$1,090,436$1,038,125$1,022,827$1,147,389
51$1,176,855$1,064,188$1,032,286$1,212,272
52$1,271,307$1,090,745$1,041,280$1,280,054
53$1,374,587$1,117,799$1,049,769$1,353,257
54$1,487,570$1,145,346$1,057,712$1,432,400
55$1,611,220$1,173,386$1,065,063$1,518,050
56$1,746,597$1,201,915$1,071,776$1,610,835
57$1,894,871$1,230,929$1,077,801$1,711,446
58$2,057,327$1,260,424$1,083,087$1,820,641
59$2,235,383$1,290,394$1,087,579$1,939,259
60$2,430,600$1,320,830$1,091,220$2,068,220
61$2,644,695$1,351,725$1,093,950$2,208,540
62$2,879,563$1,383,069$1,095,706$2,361,337
63$3,137,288$1,414,849$1,096,422$2,527,841
64$3,420,167$1,447,052$1,096,028$2,709,410
65$3,730,731$1,479,664$1,094,452$2,907,538
66$4,071,766$1,512,668$1,091,616$3,123,870
67$4,446,342$1,546,045$1,087,441$3,360,221
68$4,857,841$1,579,774$1,081,843$3,618,588
69$5,309,990$1,613,831$1,074,734$3,901,173
70$5,806,892$1,648,192$1,066,020$4,210,401
71$6,353,070$1,682,828$1,055,607$4,548,945
72$6,953,505$1,717,709$1,043,391$4,919,749
73$7,613,685$1,752,799$1,029,268$5,326,058
74$8,339,658$1,788,064$1,013,125$5,771,447
75$9,138,085$1,823,461$994,847$6,259,857
76$10,016,308$1,858,948$974,312$6,795,628
77$10,982,412$1,894,478$951,393$7,383,544
78$12,045,309$1,929,998$925,955$8,028,878
79$13,214,816$1,965,453$897,860$8,737,439
80$14,501,750$2,000,784$866,962$9,515,629
81$15,918,031$2,035,925$833,108$10,370,504
82$17,476,792$2,070,807$796,138$11,309,839
83$19,192,503$2,105,354$755,887$12,342,202
84$21,081,108$2,139,486$712,179$13,477,036
85$23,160,176$2,173,116$664,832$14,724,748
86$25,449,066$2,206,151$613,656$16,096,805
87$27,969,109$2,238,491$558,452$17,605,846
88$30,743,811$2,270,029$499,012$19,265,801
89$33,799,070$2,300,651$435,120$21,092,018
90$37,163,426$2,330,234$366,548$23,101,416
91$40,868,328$2,358,648$293,059$25,312,637
92$44,948,428$2,385,752$214,407$27,746,228
93$49,441,911$2,411,398$130,334$30,424,833
94$54,390,855$2,435,425$40,569$33,373,406
95$59,841,626$2,457,665$0$36,619,450
96$65,845,318$2,477,936$0$40,197,400
97$72,458,231$2,496,045$0$44,140,034
98$79,742,407$2,511,788$0$48,481,155
99$87,766,212$2,524,945$0$53,261,358
100$96,604,982$2,535,285$0$58,525,378