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%15.6%
1 years$81,836$81,107$80,396$79,702$79,024$77,207
2 years$40,513$39,758$39,027$38,318$37,630$35,811
3 years$26,740$25,982$25,253$24,551$23,874$22,108
4 years$19,855$19,100$18,378$17,687$17,027$15,328
5 years$15,725$14,975$14,262$13,586$12,944$11,316
6 years$12,973$12,228$11,526$10,865$10,242$8,687
7 years$11,008$10,269$9,578$8,932$8,330$6,848
8 years$9,535$8,802$8,123$7,493$6,910$5,502
9 years$8,389$7,664$6,996$6,382$5,819$4,483
10 years$7,474$6,755$6,099$5,502$4,958$3,693
11 years$6,725$6,014$5,370$4,788$4,264$3,067
12 years$6,102$5,398$4,766$4,200$3,695$2,565
13 years$5,575$4,878$4,258$3,708$3,222$2,157
14 years$5,123$4,434$3,826$3,291$2,825$1,822
15 years$4,732$4,051$3,454$2,935$2,487$1,545
16 years$4,391$3,716$3,132$2,628$2,198$1,313
17 years$4,089$3,423$2,850$2,362$1,949$1,120
18 years$3,822$3,163$2,601$2,128$1,733$957
19 years$3,583$2,931$2,381$1,923$1,545$819
20 years$3,368$2,724$2,186$1,742$1,380$702
21 years$3,174$2,537$2,010$1,581$1,235$602
22 years$2,998$2,368$1,853$1,437$1,107$518
23 years$2,837$2,215$1,711$1,309$993$445
24 years$2,690$2,075$1,582$1,194$893$383
25 years$2,555$1,948$1,465$1,090$804$330
26 years$2,430$1,830$1,359$997$724$284
27 years$2,315$1,723$1,262$912$653$245
28 years$2,209$1,623$1,173$836$589$212
29 years$2,110$1,531$1,092$767$532$183
30 years$2,017$1,446$1,017$704$480$158
31 years$1,931$1,367$948$646$434$136
32 years$1,850$1,294$885$594$393$118
33 years$1,775$1,225$826$546$356$102
34 years$1,704$1,161$772$502$322$88
35 years$1,637$1,101$721$463$292$76
36 years$1,574$1,045$675$426$264$66
37 years$1,515$993$632$392$239$57
38 years$1,458$943$592$362$217$49
39 years$1,405$897$554$334$197$42
40 years$1,355$854$519$308$179$37
41 years$1,307$812$487$284$162$32
42 years$1,262$774$457$262$147$27
43 years$1,219$737$429$242$133$24
44 years$1,177$703$402$223$121$20
45 years$1,138$670$378$206$110$18
46 years$1,101$639$355$190$100$15
47 years$1,065$610$333$176$91$13
48 years$1,031$582$313$163$82$11
49 years$999$556$295$150$75$10
50 years$968$531$277$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $991,000, adding $2,988 every year, while hoping to spend $34,697 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: 66/26/8 Blend
49$991,000$991,000$991,000$991,000
50$1,095,164$1,042,641$1,027,281$1,165,585
51$1,169,954$1,056,813$1,024,777$1,226,949
52$1,251,209$1,070,517$1,021,027$1,289,571
53$1,339,552$1,083,692$1,015,952$1,357,098
54$1,435,669$1,096,276$1,009,469$1,430,005
55$1,540,314$1,108,200$1,001,493$1,508,813
56$1,654,316$1,119,392$991,933$1,594,100
57$1,778,589$1,129,775$980,695$1,686,501
58$1,914,136$1,139,265$967,680$1,786,716
59$2,062,065$1,147,776$952,783$1,895,516
60$2,223,592$1,155,213$935,898$2,013,754
61$2,400,057$1,161,477$916,909$2,142,366
62$2,592,936$1,166,463$895,699$2,282,388
63$2,803,853$1,170,057$872,142$2,434,960
64$3,034,596$1,172,140$846,109$2,601,340
65$3,287,135$1,172,585$817,464$2,782,913
66$3,563,637$1,171,256$786,064$2,981,209
67$3,866,491$1,168,011$751,760$3,197,912
68$4,198,326$1,162,696$714,397$3,434,882
69$4,562,038$1,155,151$673,811$3,694,166
70$4,960,816$1,145,203$629,835$3,978,025
71$5,398,173$1,132,672$582,288$4,288,948
72$5,877,979$1,117,365$530,986$4,629,682
73$6,404,494$1,099,077$475,736$5,003,256
74$6,982,413$1,077,593$416,333$5,413,007
75$7,616,906$1,052,682$352,568$5,862,617
76$8,313,670$1,024,103$284,218$6,356,144
77$9,078,979$991,598$211,054$6,898,062
78$9,919,744$954,896$132,834$7,493,306
79$10,843,581$913,709$49,307$8,147,314
80$11,858,878$867,732$0$8,866,083
81$12,974,877$816,645$0$9,659,625
82$14,201,759$760,105$0$10,536,540
83$15,550,741$697,753$0$11,500,676
84$17,034,183$629,209$0$12,560,918
85$18,665,699$554,069$0$13,727,060
86$20,460,292$471,910$0$15,009,895
87$22,434,490$382,283$0$16,421,324
88$24,606,505$284,711$0$17,974,462
89$26,996,402$178,695$0$19,683,767
90$29,626,289$63,705$0$21,565,175
91$32,520,526$0$0$23,636,250
92$35,705,955$0$0$25,933,753
93$39,212,151$0$0$28,482,748
94$43,071,700$0$0$31,288,709
95$47,320,511$0$0$34,377,751
96$51,998,148$0$0$37,778,649
97$57,148,209$0$0$41,523,111
98$62,818,733$0$0$45,646,076
99$69,062,655$0$0$50,186,043
100$75,938,304$0$0$55,185,435