Can I retire at age 50 with 988,000?

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 $988,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$81,588$80,861$80,152$79,460$78,785$76,050
2 years$40,390$39,638$38,909$38,202$37,516$34,789
3 years$26,659$25,904$25,177$24,476$23,802$21,168
4 years$19,795$19,042$18,322$17,634$16,976$14,456
5 years$15,678$14,929$14,219$13,545$12,905$10,505
6 years$12,934$12,191$11,491$10,832$10,211$7,934
7 years$10,975$10,238$9,549$8,905$8,304$6,149
8 years$9,506$8,776$8,098$7,470$6,889$4,853
9 years$8,364$7,641$6,975$6,363$5,802$3,883
10 years$7,451$6,735$6,081$5,485$4,943$3,139
11 years$6,705$5,996$5,354$4,774$4,251$2,558
12 years$6,083$5,382$4,751$4,187$3,684$2,097
13 years$5,558$4,863$4,245$3,697$3,213$1,728
14 years$5,108$4,421$3,814$3,281$2,816$1,430
15 years$4,718$4,038$3,444$2,926$2,480$1,187
16 years$4,377$3,705$3,122$2,620$2,192$988
17 years$4,077$3,412$2,841$2,354$1,943$824
18 years$3,810$3,153$2,593$2,122$1,728$688
19 years$3,572$2,922$2,374$1,917$1,540$576
20 years$3,358$2,715$2,179$1,736$1,376$482
21 years$3,164$2,529$2,004$1,576$1,231$405
22 years$2,989$2,361$1,847$1,433$1,103$340
23 years$2,829$2,208$1,706$1,305$990$285
24 years$2,682$2,069$1,577$1,190$890$240
25 years$2,547$1,942$1,461$1,087$801$202
26 years$2,423$1,825$1,355$994$722$170
27 years$2,308$1,717$1,258$910$651$143
28 years$2,202$1,618$1,170$833$587$120
29 years$2,103$1,527$1,088$764$530$101
30 years$2,011$1,442$1,014$701$479$85
31 years$1,925$1,363$945$644$433$72
32 years$1,845$1,290$882$592$392$60
33 years$1,769$1,221$823$544$354$51
34 years$1,699$1,158$769$501$321$43
35 years$1,632$1,098$719$461$291$36
36 years$1,569$1,042$673$425$263$31
37 years$1,510$990$630$391$239$26
38 years$1,454$941$590$361$216$22
39 years$1,401$894$553$333$196$18
40 years$1,351$851$518$307$178$15
41 years$1,303$810$486$283$161$13
42 years$1,258$771$456$261$147$11
43 years$1,215$735$427$241$133$9
44 years$1,174$701$401$223$121$8
45 years$1,135$668$377$206$110$7
46 years$1,098$637$354$190$100$6
47 years$1,062$608$332$175$90$5
48 years$1,028$581$312$162$82$4
49 years$996$554$294$150$75$3
50 years$965$530$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 $988,000, adding $4,267 every year, while hoping to spend $50,094 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: 70/23/7 Blend
49$988,000$988,000$988,000$988,000
50$1,093,177$1,040,813$1,025,499$1,168,210
51$1,151,382$1,038,514$1,006,554$1,216,089
52$1,213,844$1,034,422$985,295$1,261,890
53$1,280,946$1,028,399$961,592$1,310,631
54$1,353,106$1,020,293$935,309$1,362,590
55$1,430,783$1,009,948$906,302$1,418,072
56$1,514,483$997,196$874,423$1,477,417
57$1,604,759$981,858$839,515$1,540,997
58$1,702,222$963,746$801,416$1,609,225
59$1,807,540$942,660$759,955$1,682,558
60$1,921,448$918,390$714,952$1,761,498
61$2,044,755$890,710$666,223$1,846,603
62$2,178,351$859,386$613,572$1,938,486
63$2,323,211$824,164$556,795$2,037,827
64$2,480,411$784,781$495,681$2,145,375
65$2,651,134$740,956$430,006$2,261,959
66$2,836,677$692,391$359,540$2,388,492
67$3,038,473$638,773$284,039$2,525,987
68$3,258,095$579,770$203,252$2,675,557
69$3,497,273$515,031$116,913$2,838,435
70$3,757,914$444,186$24,749$3,015,982
71$4,042,113$366,843$0$3,209,700
72$4,352,179$282,589$0$3,426,746
73$4,690,651$190,986$0$3,665,783
74$5,060,325$91,572$0$3,927,007
75$5,464,280$0$0$4,212,673
76$5,905,904$0$0$4,529,358
77$6,388,929$0$0$4,901,130
78$6,917,461$0$0$5,307,980
79$7,496,025$0$0$5,753,397
80$8,129,601$0$0$6,241,223
81$8,823,675$0$0$6,775,689
82$9,584,287$0$0$7,361,452
83$10,418,091$0$0$8,003,644
84$11,332,413$0$0$8,707,917
85$12,335,324$0$0$9,480,494
86$13,435,712$0$0$10,328,232
87$14,643,369$0$0$11,258,682
88$15,969,079$0$0$12,280,163
89$17,424,722$0$0$13,401,837
90$19,023,385$0$0$14,633,798
91$20,779,484$0$0$15,987,166
92$22,708,900$0$0$17,474,191
93$24,829,129$0$0$19,108,366
94$27,159,444$0$0$20,904,559
95$29,721,080$0$0$22,879,149
96$32,537,432$0$0$25,050,180
97$35,634,272$0$0$27,437,533
98$39,039,998$0$0$30,063,112
99$42,785,896$0$0$32,951,049
100$46,906,435$0$0$36,127,932