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%15.4%
1 years$81,671$80,943$80,233$79,541$78,864$77,114
2 years$40,431$39,678$38,948$38,241$37,554$35,801
3 years$26,686$25,930$25,202$24,501$23,826$22,123
4 years$19,815$19,061$18,341$17,652$16,993$15,354
5 years$15,694$14,944$14,233$13,558$12,918$11,347
6 years$12,947$12,203$11,502$10,843$10,221$8,721
7 years$10,986$10,248$9,559$8,914$8,313$6,883
8 years$9,515$8,785$8,106$7,478$6,896$5,536
9 years$8,373$7,649$6,982$6,370$5,808$4,516
10 years$7,459$6,742$6,087$5,491$4,948$3,725
11 years$6,712$6,002$5,359$4,779$4,256$3,098
12 years$6,089$5,387$4,756$4,191$3,688$2,594
13 years$5,563$4,868$4,249$3,700$3,216$2,184
14 years$5,113$4,425$3,818$3,285$2,819$1,847
15 years$4,723$4,042$3,447$2,929$2,482$1,568
16 years$4,382$3,709$3,125$2,623$2,194$1,336
17 years$4,081$3,416$2,844$2,357$1,945$1,140
18 years$3,814$3,156$2,596$2,124$1,730$976
19 years$3,576$2,925$2,377$1,919$1,542$836
20 years$3,361$2,718$2,181$1,738$1,377$718
21 years$3,168$2,532$2,006$1,577$1,232$617
22 years$2,992$2,363$1,849$1,434$1,104$531
23 years$2,831$2,210$1,707$1,306$991$457
24 years$2,685$2,071$1,579$1,191$891$394
25 years$2,550$1,944$1,462$1,088$802$340
26 years$2,426$1,827$1,356$995$722$294
27 years$2,311$1,719$1,259$911$651$254
28 years$2,204$1,620$1,171$834$588$219
29 years$2,105$1,528$1,090$765$531$189
30 years$2,013$1,443$1,015$702$479$164
31 years$1,927$1,364$946$645$433$142
32 years$1,847$1,291$883$593$392$123
33 years$1,771$1,223$824$545$355$106
34 years$1,700$1,159$770$501$321$92
35 years$1,634$1,099$720$462$291$79
36 years$1,571$1,043$674$425$264$69
37 years$1,511$991$630$392$239$60
38 years$1,455$942$590$361$217$52
39 years$1,402$895$553$333$196$45
40 years$1,352$852$518$307$178$39
41 years$1,304$811$486$283$162$34
42 years$1,259$772$456$261$147$29
43 years$1,216$736$428$241$133$25
44 years$1,175$701$402$223$121$22
45 years$1,136$669$377$206$110$19
46 years$1,099$638$354$190$100$16
47 years$1,063$609$333$176$90$14
48 years$1,029$581$313$162$82$12
49 years$997$555$294$150$75$11
50 years$966$530$276$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $989,000, adding $2,224 every year, while hoping to spend $48,524 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: 40/43/17 Blend
49$989,000$989,000$989,000$989,000
50$1,092,172$1,039,755$1,024,426$1,130,263
51$1,151,944$1,039,074$1,007,115$1,156,906
52$1,216,187$1,036,733$987,598$1,180,849
53$1,285,305$1,032,600$965,749$1,205,726
54$1,359,743$1,026,534$941,438$1,231,648
55$1,439,989$1,018,386$914,528$1,258,737
56$1,526,578$1,007,997$884,875$1,287,135
57$1,620,100$995,201$852,330$1,316,997
58$1,721,203$979,818$816,736$1,348,503
59$1,830,598$961,661$777,928$1,381,853
60$1,949,066$940,530$735,736$1,417,270
61$2,077,469$916,213$689,981$1,455,007
62$2,216,750$888,488$640,475$1,495,349
63$2,367,951$857,116$587,024$1,538,611
64$2,532,215$821,848$529,422$1,585,149
65$2,710,800$782,417$467,456$1,635,360
66$2,905,090$738,544$400,904$1,689,690
67$3,116,608$689,931$329,533$1,748,635
68$3,347,029$636,265$253,100$1,812,749
69$3,598,198$577,214$171,351$1,882,651
70$3,872,144$512,427$84,021$1,959,032
71$4,171,101$441,534$0$2,042,660
72$4,497,527$364,144$0$2,136,057
73$4,854,130$279,841$0$2,254,884
74$5,243,888$188,191$0$2,385,000
75$5,670,083$88,730$0$2,527,645
76$6,136,327$0$0$2,684,188
77$6,646,595$0$0$2,865,155
78$7,205,269$0$0$3,109,382
79$7,817,170$0$0$3,377,007
80$8,487,609$0$0$3,670,369
81$9,222,436$0$0$3,992,045
82$10,028,091$0$0$4,344,872
83$10,911,669$0$0$4,731,974
84$11,880,985$0$0$5,156,795
85$12,944,645$0$0$5,623,126
86$14,112,130$0$0$6,135,143
87$15,393,883$0$0$6,697,447
88$16,801,408$0$0$7,315,106
89$18,347,378$0$0$7,993,705
90$20,045,751$0$0$8,739,392
91$21,911,907$0$0$9,558,945
92$23,962,787$0$0$10,459,829
93$26,217,058$0$0$11,450,268
94$28,695,280$0$0$12,539,323
95$31,420,111$0$0$13,736,977
96$34,416,508$0$0$15,054,229
97$37,711,971$0$0$16,503,197
98$41,336,799$0$0$18,097,234
99$45,324,372$0$0$19,851,049
100$49,711,471$0$0$21,780,853