Can I retire at age 50 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$81,671$80,943$80,233$79,541$78,864$78,302
2 years$40,431$39,678$38,948$38,241$37,554$36,987
3 years$26,686$25,930$25,202$24,501$23,826$23,272
4 years$19,815$19,061$18,341$17,652$16,993$16,456
5 years$15,694$14,944$14,233$13,558$12,918$12,399
6 years$12,947$12,203$11,502$10,843$10,221$9,722
7 years$10,986$10,248$9,559$8,914$8,313$7,833
8 years$9,515$8,785$8,106$7,478$6,896$6,436
9 years$8,373$7,649$6,982$6,370$5,808$5,367
10 years$7,459$6,742$6,087$5,491$4,948$4,527
11 years$6,712$6,002$5,359$4,779$4,256$3,853
12 years$6,089$5,387$4,756$4,191$3,688$3,304
13 years$5,563$4,868$4,249$3,700$3,216$2,850
14 years$5,113$4,425$3,818$3,285$2,819$2,471
15 years$4,723$4,042$3,447$2,929$2,482$2,152
16 years$4,382$3,709$3,125$2,623$2,194$1,880
17 years$4,081$3,416$2,844$2,357$1,945$1,648
18 years$3,814$3,156$2,596$2,124$1,730$1,448
19 years$3,576$2,925$2,377$1,919$1,542$1,275
20 years$3,361$2,718$2,181$1,738$1,377$1,125
21 years$3,168$2,532$2,006$1,577$1,232$994
22 years$2,992$2,363$1,849$1,434$1,104$880
23 years$2,831$2,210$1,707$1,306$991$780
24 years$2,685$2,071$1,579$1,191$891$692
25 years$2,550$1,944$1,462$1,088$802$615
26 years$2,426$1,827$1,356$995$722$547
27 years$2,311$1,719$1,259$911$651$486
28 years$2,204$1,620$1,171$834$588$433
29 years$2,105$1,528$1,090$765$531$386
30 years$2,013$1,443$1,015$702$479$344
31 years$1,927$1,364$946$645$433$307
32 years$1,847$1,291$883$593$392$274
33 years$1,771$1,223$824$545$355$244
34 years$1,700$1,159$770$501$321$218
35 years$1,634$1,099$720$462$291$195
36 years$1,571$1,043$674$425$264$174
37 years$1,511$991$630$392$239$155
38 years$1,455$942$590$361$217$139
39 years$1,402$895$553$333$196$124
40 years$1,352$852$518$307$178$111
41 years$1,304$811$486$283$162$99
42 years$1,259$772$456$261$147$89
43 years$1,216$736$428$241$133$79
44 years$1,175$701$402$223$121$71
45 years$1,136$669$377$206$110$63
46 years$1,099$638$354$190$100$57
47 years$1,063$609$333$176$90$51
48 years$1,029$581$313$162$82$45
49 years$997$555$294$150$75$41
50 years$966$530$276$139$68$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $989,000, adding $2,276 every year, while hoping to spend $21,565 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: 55/21/24 Blend
49$989,000$989,000$989,000$989,000
50$1,092,226$1,039,809$1,024,479$1,144,995
51$1,180,688$1,067,814$1,035,854$1,209,485
52$1,277,450$1,096,469$1,046,888$1,277,235
53$1,383,337$1,125,783$1,057,545$1,350,570
54$1,499,255$1,155,764$1,067,790$1,430,031
55$1,626,203$1,186,421$1,077,586$1,516,216
56$1,765,282$1,217,762$1,086,891$1,609,785
57$1,917,703$1,249,795$1,095,664$1,711,463
58$2,084,800$1,282,526$1,103,861$1,822,049
59$2,268,044$1,315,963$1,111,434$1,942,424
60$2,469,051$1,350,113$1,118,334$2,073,558
61$2,689,607$1,384,980$1,124,510$2,216,520
62$2,931,673$1,420,571$1,129,907$2,372,489
63$3,197,413$1,456,888$1,134,469$2,542,761
64$3,489,210$1,493,937$1,138,135$2,728,768
65$3,809,689$1,531,719$1,140,841$2,932,085
66$4,161,740$1,570,237$1,142,523$3,154,449
67$4,548,551$1,609,491$1,143,110$3,397,773
68$4,973,628$1,649,481$1,142,530$3,664,167
69$5,440,839$1,690,207$1,140,706$3,955,954
70$5,954,443$1,731,665$1,137,557$4,275,694
71$6,519,131$1,773,851$1,133,000$4,626,212
72$7,140,073$1,816,761$1,126,947$5,010,616
73$7,822,965$1,860,387$1,119,304$5,432,335
74$8,574,083$1,904,721$1,109,975$5,895,146
75$9,400,339$1,949,752$1,098,859$6,403,212
76$10,309,352$1,995,468$1,085,849$6,961,122
77$11,309,514$2,041,855$1,070,834$7,573,932
78$12,410,075$2,088,896$1,053,697$8,247,214
79$13,621,223$2,136,572$1,034,316$8,987,110
80$14,954,185$2,184,862$1,012,564$9,800,389
81$16,421,333$2,233,741$988,306$10,694,511
82$18,036,298$2,283,183$961,403$11,677,696
83$19,814,098$2,333,157$931,708$12,759,004
84$21,771,285$2,383,630$899,068$13,948,423
85$23,926,093$2,434,565$863,324$15,256,956
86$26,298,616$2,485,921$824,308$16,696,733
87$28,910,998$2,537,653$781,844$18,281,120
88$31,787,634$2,589,713$735,751$20,024,849
89$34,955,411$2,642,047$685,836$21,944,155
90$38,443,952$2,694,596$631,901$24,056,933
91$42,285,901$2,747,298$573,736$26,382,901
92$46,517,230$2,800,083$511,124$28,943,793
93$51,177,577$2,852,877$443,836$31,763,562
94$56,310,621$2,905,598$371,635$34,868,603
95$61,964,492$2,958,161$294,273$38,288,008
96$68,192,230$3,010,470$211,490$42,053,840
97$75,052,278$3,062,423$123,016$46,201,432
98$82,609,041$3,113,913$28,567$50,769,726
99$90,933,489$3,164,820$0$55,801,637
100$100,103,828$3,215,019$0$61,362,959