Can I retire at age 50 with 990,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%20%
1 years$81,753$81,025$80,315$79,621$78,944$75,782
2 years$40,472$39,718$38,988$38,279$37,592$34,446
3 years$26,713$25,956$25,228$24,526$23,850$20,819
4 years$19,835$19,081$18,359$17,670$17,010$14,117
5 years$15,710$14,959$14,248$13,572$12,931$10,184
6 years$12,960$12,215$11,514$10,854$10,232$7,632
7 years$10,997$10,259$9,568$8,923$8,321$5,867
8 years$9,525$8,793$8,115$7,486$6,903$4,593
9 years$8,381$7,656$6,989$6,376$5,813$3,644
10 years$7,466$6,749$6,093$5,496$4,953$2,919
11 years$6,718$6,008$5,364$4,783$4,260$2,357
12 years$6,095$5,392$4,761$4,196$3,692$1,915
13 years$5,569$4,873$4,253$3,704$3,219$1,563
14 years$5,118$4,430$3,822$3,288$2,822$1,280
15 years$4,727$4,046$3,451$2,932$2,485$1,052
16 years$4,386$3,713$3,128$2,626$2,196$867
17 years$4,085$3,419$2,847$2,359$1,947$715
18 years$3,818$3,159$2,599$2,126$1,731$592
19 years$3,579$2,928$2,379$1,921$1,543$490
20 years$3,365$2,721$2,183$1,740$1,378$406
21 years$3,171$2,534$2,008$1,579$1,233$337
22 years$2,995$2,366$1,851$1,436$1,106$280
23 years$2,834$2,213$1,709$1,308$992$232
24 years$2,687$2,073$1,581$1,193$892$193
25 years$2,552$1,946$1,464$1,089$803$161
26 years$2,428$1,829$1,358$996$723$134
27 years$2,313$1,721$1,261$912$652$111
28 years$2,206$1,622$1,172$835$588$93
29 years$2,107$1,530$1,091$766$531$77
30 years$2,015$1,445$1,016$703$480$64
31 years$1,929$1,366$947$646$434$53
32 years$1,848$1,292$884$593$392$44
33 years$1,773$1,224$825$546$355$37
34 years$1,702$1,160$771$502$322$31
35 years$1,635$1,100$721$462$291$26
36 years$1,572$1,044$674$426$264$21
37 years$1,513$992$631$392$239$18
38 years$1,457$942$591$361$217$15
39 years$1,404$896$554$333$197$12
40 years$1,353$853$519$307$178$10
41 years$1,306$812$487$284$162$9
42 years$1,260$773$456$262$147$7
43 years$1,217$737$428$242$133$6
44 years$1,176$702$402$223$121$5
45 years$1,137$669$378$206$110$4
46 years$1,100$639$355$190$100$3
47 years$1,064$609$333$176$91$3
48 years$1,030$582$313$162$82$2
49 years$998$556$294$150$75$2
50 years$967$531$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $990,000, adding $5,138 every year, while hoping to spend $52,078 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: 57/34/9 Blend
49$990,000$990,000$990,000$990,000
50$1,096,280$1,043,810$1,028,465$1,156,153
51$1,152,690$1,039,546$1,007,508$1,192,840
52$1,213,108$1,033,328$984,103$1,226,532
53$1,277,889$1,025,004$958,114$1,261,978
54$1,347,420$1,014,416$929,398$1,299,350
55$1,422,127$1,001,393$897,803$1,338,842
56$1,502,479$985,756$863,174$1,380,670
57$1,588,989$967,315$825,347$1,425,073
58$1,682,220$945,868$784,151$1,472,318
59$1,782,792$921,201$739,405$1,522,700
60$1,891,385$893,088$690,924$1,576,550
61$2,008,748$861,291$638,511$1,634,233
62$2,135,701$825,555$581,962$1,696,158
63$2,273,149$785,613$521,064$1,762,775
64$2,422,083$741,182$455,594$1,834,587
65$2,583,597$691,961$385,317$1,912,152
66$2,758,891$637,634$309,992$1,996,088
67$2,949,286$577,866$229,365$2,087,082
68$3,156,234$512,302$143,169$2,185,896
69$3,381,333$440,568$51,129$2,293,375
70$3,626,342$362,269$0$2,410,454
71$3,893,196$276,987$0$2,542,696
72$4,184,023$184,281$0$2,692,262
73$4,501,167$83,684$0$2,855,543
74$4,847,206$0$0$3,033,983
75$5,224,979$0$0$3,238,644
76$5,637,611$0$0$3,496,468
77$6,088,541$0$0$3,778,306
78$6,581,557$0$0$4,086,535
79$7,120,828$0$0$4,423,774
80$7,710,945$0$0$4,792,903
81$8,356,964$0$0$5,197,098
82$9,064,450$0$0$5,639,853
83$9,839,536$0$0$6,125,017
84$10,688,971$0$0$6,656,830
85$11,620,191$0$0$7,239,961
86$12,641,386$0$0$7,879,551
87$13,761,574$0$0$8,581,264
88$14,990,690$0$0$9,351,339
89$16,339,678$0$0$10,196,647
90$17,820,591$0$0$11,124,759
91$19,446,706$0$0$12,144,011
92$21,232,650$0$0$13,263,590
93$23,194,535$0$0$14,493,613
94$25,350,111$0$0$15,845,229
95$27,718,933$0$0$17,330,718
96$30,322,542$0$0$18,963,608
97$33,184,672$0$0$20,758,806
98$36,331,471$0$0$22,732,733
99$39,791,744$0$0$24,903,481
100$43,597,231$0$0$27,290,984