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%18.1%
1 years$81,588$80,861$80,152$79,460$78,785$76,202
2 years$40,390$39,638$38,909$38,202$37,516$34,939
3 years$26,659$25,904$25,177$24,476$23,802$21,311
4 years$19,795$19,042$18,322$17,634$16,976$14,590
5 years$15,678$14,929$14,219$13,545$12,905$10,630
6 years$12,934$12,191$11,491$10,832$10,211$8,050
7 years$10,975$10,238$9,549$8,905$8,304$6,257
8 years$9,506$8,776$8,098$7,470$6,889$4,953
9 years$8,364$7,641$6,975$6,363$5,802$3,975
10 years$7,451$6,735$6,081$5,485$4,943$3,224
11 years$6,705$5,996$5,354$4,774$4,251$2,635
12 years$6,083$5,382$4,751$4,187$3,684$2,168
13 years$5,558$4,863$4,245$3,697$3,213$1,792
14 years$5,108$4,421$3,814$3,281$2,816$1,488
15 years$4,718$4,038$3,444$2,926$2,480$1,240
16 years$4,377$3,705$3,122$2,620$2,192$1,035
17 years$4,077$3,412$2,841$2,354$1,943$867
18 years$3,810$3,153$2,593$2,122$1,728$727
19 years$3,572$2,922$2,374$1,917$1,540$611
20 years$3,358$2,715$2,179$1,736$1,376$513
21 years$3,164$2,529$2,004$1,576$1,231$432
22 years$2,989$2,361$1,847$1,433$1,103$364
23 years$2,829$2,208$1,706$1,305$990$307
24 years$2,682$2,069$1,577$1,190$890$259
25 years$2,547$1,942$1,461$1,087$801$219
26 years$2,423$1,825$1,355$994$722$185
27 years$2,308$1,717$1,258$910$651$156
28 years$2,202$1,618$1,170$833$587$132
29 years$2,103$1,527$1,088$764$530$112
30 years$2,011$1,442$1,014$701$479$94
31 years$1,925$1,363$945$644$433$80
32 years$1,845$1,290$882$592$392$68
33 years$1,769$1,221$823$544$354$57
34 years$1,699$1,158$769$501$321$48
35 years$1,632$1,098$719$461$291$41
36 years$1,569$1,042$673$425$263$35
37 years$1,510$990$630$391$239$29
38 years$1,454$941$590$361$216$25
39 years$1,401$894$553$333$196$21
40 years$1,351$851$518$307$178$18
41 years$1,303$810$486$283$161$15
42 years$1,258$771$456$261$147$13
43 years$1,215$735$427$241$133$11
44 years$1,174$701$401$223$121$9
45 years$1,135$668$377$206$110$8
46 years$1,098$637$354$190$100$7
47 years$1,062$608$332$175$90$6
48 years$1,028$581$312$162$82$5
49 years$996$554$294$150$75$4
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 $3,015 every year, while hoping to spend $21,658 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: 42/43/15 Blend
49$988,000$988,000$988,000$988,000
50$1,091,886$1,039,522$1,024,208$1,132,829
51$1,180,214$1,067,415$1,035,475$1,189,842
52$1,276,826$1,095,948$1,046,394$1,249,171
53$1,382,544$1,125,131$1,056,929$1,312,950
54$1,498,273$1,154,971$1,067,045$1,381,596
55$1,625,009$1,185,478$1,076,704$1,455,567
56$1,763,851$1,216,657$1,085,864$1,535,369
57$1,916,006$1,248,516$1,094,484$1,621,558
58$2,082,808$1,281,062$1,102,517$1,714,747
59$2,265,721$1,314,301$1,109,919$1,815,609
60$2,466,361$1,348,238$1,116,637$1,924,887
61$2,686,507$1,382,878$1,122,622$2,043,398
62$2,928,117$1,418,226$1,127,816$2,172,043
63$3,193,351$1,454,286$1,132,164$2,311,814
64$3,484,586$1,491,058$1,135,605$2,463,802
65$3,804,440$1,528,547$1,138,074$2,629,211
66$4,155,799$1,566,752$1,139,506$2,809,366
67$4,541,841$1,605,673$1,139,829$3,005,728
68$4,966,067$1,645,308$1,138,971$3,219,904
69$5,432,333$1,685,656$1,136,855$3,453,667
70$5,944,891$1,726,713$1,133,399$3,708,970
71$6,508,421$1,768,473$1,128,519$3,987,965
72$7,128,081$1,810,929$1,122,125$4,293,021
73$7,809,554$1,854,074$1,114,125$4,626,751
74$8,559,101$1,897,896$1,104,421$4,992,033
75$9,383,621$1,942,384$1,092,911$5,392,039
76$10,290,714$1,987,525$1,079,487$5,830,263
77$11,288,754$2,033,301$1,064,037$6,310,558
78$12,386,968$2,079,694$1,046,444$6,837,167
79$13,595,523$2,126,683$1,026,584$7,414,767
80$14,925,621$2,174,245$1,004,329$8,048,512
81$16,389,605$2,222,354$979,544$8,744,083
82$18,001,074$2,270,979$952,089$9,507,740
83$19,775,015$2,320,088$921,815$10,346,380
84$21,727,939$2,369,645$888,569$11,267,606
85$23,878,042$2,419,611$852,189$12,279,797
86$26,245,372$2,469,941$812,506$13,392,186
87$28,852,020$2,520,588$769,345$14,614,950
88$31,722,329$2,571,500$722,521$15,959,302
89$34,883,122$2,622,620$671,842$17,437,604
90$38,363,958$2,673,886$617,106$19,063,476
91$42,197,406$2,725,230$558,103$20,851,930
92$46,419,356$2,776,581$494,614$22,819,510
93$51,069,356$2,827,859$426,410$24,984,451
94$56,190,986$2,878,979$353,250$27,366,848
95$61,832,267$2,929,850$274,884$29,988,846
96$68,046,118$2,980,372$191,052$32,874,853
97$74,890,850$3,030,439$101,481$36,051,769
98$82,430,723$3,079,936$5,886$39,549,239
99$90,736,544$3,128,740$0$43,399,935
100$99,886,342$3,176,719$0$47,655,249