Can I retire at age 50 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$81,836$81,107$80,396$79,702$79,024$78,329
2 years$40,513$39,758$39,027$38,318$37,630$36,930
3 years$26,740$25,982$25,253$24,551$23,874$23,190
4 years$19,855$19,100$18,378$17,687$17,027$16,365
5 years$15,725$14,975$14,262$13,586$12,944$12,305
6 years$12,973$12,228$11,526$10,865$10,242$9,628
7 years$11,008$10,269$9,578$8,932$8,330$7,740
8 years$9,535$8,802$8,123$7,493$6,910$6,345
9 years$8,389$7,664$6,996$6,382$5,819$5,279
10 years$7,474$6,755$6,099$5,502$4,958$4,442
11 years$6,725$6,014$5,370$4,788$4,264$3,772
12 years$6,102$5,398$4,766$4,200$3,695$3,226
13 years$5,575$4,878$4,258$3,708$3,222$2,776
14 years$5,123$4,434$3,826$3,291$2,825$2,400
15 years$4,732$4,051$3,454$2,935$2,487$2,084
16 years$4,391$3,716$3,132$2,628$2,198$1,816
17 years$4,089$3,423$2,850$2,362$1,949$1,587
18 years$3,822$3,163$2,601$2,128$1,733$1,391
19 years$3,583$2,931$2,381$1,923$1,545$1,221
20 years$3,368$2,724$2,186$1,742$1,380$1,075
21 years$3,174$2,537$2,010$1,581$1,235$947
22 years$2,998$2,368$1,853$1,437$1,107$836
23 years$2,837$2,215$1,711$1,309$993$739
24 years$2,690$2,075$1,582$1,194$893$653
25 years$2,555$1,948$1,465$1,090$804$578
26 years$2,430$1,830$1,359$997$724$513
27 years$2,315$1,723$1,262$912$653$455
28 years$2,209$1,623$1,173$836$589$404
29 years$2,110$1,531$1,092$767$532$358
30 years$2,017$1,446$1,017$704$480$318
31 years$1,931$1,367$948$646$434$283
32 years$1,850$1,294$885$594$393$252
33 years$1,775$1,225$826$546$356$224
34 years$1,704$1,161$772$502$322$199
35 years$1,637$1,101$721$463$292$177
36 years$1,574$1,045$675$426$264$158
37 years$1,515$993$632$392$239$141
38 years$1,458$943$592$362$217$125
39 years$1,405$897$554$334$197$111
40 years$1,355$854$519$308$179$99
41 years$1,307$812$487$284$162$88
42 years$1,262$774$457$262$147$79
43 years$1,219$737$429$242$133$70
44 years$1,177$703$402$223$121$63
45 years$1,138$670$378$206$110$56
46 years$1,101$639$355$190$100$50
47 years$1,065$610$333$176$91$44
48 years$1,031$582$313$163$82$40
49 years$999$556$295$150$75$35
50 years$968$531$277$139$68$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $991,000, adding $3,914 every year, while hoping to spend $37,545 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: 35/35/30 Blend
49$991,000$991,000$991,000$991,000
50$1,096,119$1,043,596$1,028,236$1,124,480
51$1,167,976$1,054,785$1,022,734$1,157,364
52$1,245,903$1,065,263$1,015,790$1,189,194
53$1,330,482$1,074,957$1,007,315$1,222,829
54$1,422,348$1,083,788$997,217$1,258,457
55$1,522,204$1,091,669$985,400$1,296,288
56$1,630,820$1,098,513$971,762$1,336,555
57$1,749,046$1,104,222$956,199$1,379,518
58$1,877,815$1,108,695$938,598$1,425,465
59$2,018,155$1,111,824$918,844$1,474,717
60$2,171,197$1,113,494$896,815$1,527,630
61$2,338,186$1,113,582$872,386$1,584,600
62$2,520,492$1,111,959$845,421$1,646,067
63$2,719,623$1,108,485$815,784$1,712,519
64$2,937,240$1,103,016$783,328$1,784,497
65$3,175,171$1,095,396$747,901$1,862,604
66$3,435,427$1,085,460$709,346$1,947,505
67$3,720,227$1,073,033$667,494$2,039,939
68$4,032,009$1,057,931$622,174$2,140,727
69$4,373,461$1,039,956$573,204$2,250,777
70$4,747,541$1,018,902$520,394$2,371,094
71$5,157,510$994,548$463,547$2,502,795
72$5,606,956$966,660$402,455$2,647,113
73$6,099,831$934,993$336,904$2,805,416
74$6,640,490$899,284$266,666$2,979,217
75$7,233,729$859,257$191,508$3,170,192
76$7,884,829$814,620$111,183$3,380,195
77$8,599,609$765,064$25,435$3,611,276
78$9,384,478$710,261$0$3,865,706
79$10,246,496$649,866$0$4,167,143
80$11,193,442$583,512$0$4,507,277
81$12,233,883$510,814$0$4,881,120
82$13,377,258$431,363$0$5,292,161
83$14,633,966$344,728$0$5,744,252
84$16,015,464$250,452$0$6,241,643
85$17,534,372$148,056$0$6,789,026
86$19,204,598$37,030$0$7,391,576
87$21,041,460$0$0$8,055,004
88$23,061,839$0$0$8,817,642
89$25,284,333$0$0$9,672,423
90$27,729,432$0$0$10,612,985
91$30,419,713$0$0$11,648,036
92$33,380,052$0$0$12,787,166
93$36,637,857$0$0$14,040,944
94$40,223,330$0$0$15,421,017
95$44,169,745$0$0$16,940,216
96$48,513,770$0$0$18,612,681
97$53,295,804$0$0$20,453,991
98$58,560,366$0$0$22,481,313
99$64,356,507$0$0$24,713,563
100$70,738,278$0$0$27,171,587