Can I retire at age 50 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$81,753$81,025$80,315$79,621$78,944$77,990
2 years$40,472$39,718$38,988$38,279$37,592$36,632
3 years$26,713$25,956$25,228$24,526$23,850$22,914
4 years$19,835$19,081$18,359$17,670$17,010$16,105
5 years$15,710$14,959$14,248$13,572$12,931$12,059
6 years$12,960$12,215$11,514$10,854$10,232$9,394
7 years$10,997$10,259$9,568$8,923$8,321$7,519
8 years$9,525$8,793$8,115$7,486$6,903$6,136
9 years$8,381$7,656$6,989$6,376$5,813$5,081
10 years$7,466$6,749$6,093$5,496$4,953$4,255
11 years$6,718$6,008$5,364$4,783$4,260$3,595
12 years$6,095$5,392$4,761$4,196$3,692$3,059
13 years$5,569$4,873$4,253$3,704$3,219$2,619
14 years$5,118$4,430$3,822$3,288$2,822$2,252
15 years$4,727$4,046$3,451$2,932$2,485$1,945
16 years$4,386$3,713$3,128$2,626$2,196$1,686
17 years$4,085$3,419$2,847$2,359$1,947$1,465
18 years$3,818$3,159$2,599$2,126$1,731$1,276
19 years$3,579$2,928$2,379$1,921$1,543$1,114
20 years$3,365$2,721$2,183$1,740$1,378$975
21 years$3,171$2,534$2,008$1,579$1,233$854
22 years$2,995$2,366$1,851$1,436$1,106$749
23 years$2,834$2,213$1,709$1,308$992$658
24 years$2,687$2,073$1,581$1,193$892$578
25 years$2,552$1,946$1,464$1,089$803$509
26 years$2,428$1,829$1,358$996$723$448
27 years$2,313$1,721$1,261$912$652$395
28 years$2,206$1,622$1,172$835$588$348
29 years$2,107$1,530$1,091$766$531$307
30 years$2,015$1,445$1,016$703$480$271
31 years$1,929$1,366$947$646$434$240
32 years$1,848$1,292$884$593$392$212
33 years$1,773$1,224$825$546$355$187
34 years$1,702$1,160$771$502$322$165
35 years$1,635$1,100$721$462$291$146
36 years$1,572$1,044$674$426$264$129
37 years$1,513$992$631$392$239$114
38 years$1,457$942$591$361$217$101
39 years$1,404$896$554$333$197$89
40 years$1,353$853$519$307$178$79
41 years$1,306$812$487$284$162$70
42 years$1,260$773$456$262$147$62
43 years$1,217$737$428$242$133$55
44 years$1,176$702$402$223$121$49
45 years$1,137$669$378$206$110$43
46 years$1,100$639$355$190$100$38
47 years$1,064$609$333$176$91$34
48 years$1,030$582$313$162$82$30
49 years$998$556$294$150$75$26
50 years$967$531$277$139$68$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $990,000, adding $6,706 every year, while hoping to spend $55,498 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: 61/9/30 Blend
49$990,000$990,000$990,000$990,000
50$1,097,897$1,045,427$1,030,082$1,155,574
51$1,150,833$1,037,604$1,005,541$1,187,869
52$1,207,309$1,027,537$978,317$1,216,585
53$1,267,626$1,015,058$948,262$1,246,782
54$1,332,117$999,989$915,222$1,278,618
55$1,401,144$982,139$879,033$1,312,271
56$1,475,106$961,310$839,526$1,347,936
57$1,554,441$937,288$796,524$1,385,832
58$1,639,627$909,848$749,840$1,426,202
59$1,731,191$878,752$699,282$1,469,319
60$1,829,710$843,749$644,646$1,515,485
61$1,935,820$804,572$585,721$1,565,034
62$2,050,216$760,939$522,285$1,618,340
63$2,173,665$712,551$454,108$1,675,819
64$2,307,006$659,094$380,949$1,737,931
65$2,451,165$600,234$302,555$1,805,187
66$2,607,157$535,618$218,663$1,878,157
67$2,776,097$464,874$128,999$1,957,470
68$2,959,215$387,608$33,276$2,043,826
69$3,157,859$303,405$0$2,138,001
70$3,373,514$211,826$0$2,262,901
71$3,607,813$112,406$0$2,410,232
72$3,862,552$4,655$0$2,570,493
73$4,139,706$0$0$2,744,961
74$4,441,451$0$0$2,946,132
75$4,770,177$0$0$3,165,865
76$5,128,517$0$0$3,405,465
77$5,519,370$0$0$3,666,880
78$5,945,924$0$0$3,952,252
79$6,411,688$0$0$4,263,940
80$6,920,528$0$0$4,604,540
81$7,476,698$0$0$4,976,909
82$8,084,880$0$0$5,384,196
83$8,750,232$0$0$5,829,864
84$9,478,432$0$0$6,317,730
85$10,275,732$0$0$6,851,994
86$11,149,018$0$0$7,437,284
87$12,105,871$0$0$8,078,694
88$13,154,642$0$0$8,781,837
89$14,304,528$0$0$9,552,893
90$15,565,658$0$0$10,398,668
91$16,949,188$0$0$11,326,662
92$18,467,407$0$0$12,345,131
93$20,133,851$0$0$13,463,173
94$21,963,429$0$0$14,690,809
95$23,972,566$0$0$16,039,078
96$26,179,354$0$0$17,520,138
97$28,603,724$0$0$19,147,387
98$31,267,634$0$0$20,935,581
99$34,195,272$0$0$22,900,978
100$37,413,286$0$0$25,061,490