Can I retire at age 50 with 992,000?

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 $992,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$81,918$81,189$80,477$79,782$79,103$78,572
2 years$40,554$39,798$39,066$38,357$37,668$37,132
3 years$26,767$26,009$25,279$24,576$23,898$23,374
4 years$19,875$19,119$18,396$17,705$17,044$16,537
5 years$15,741$14,990$14,276$13,599$12,957$12,467
6 years$12,986$12,240$11,537$10,876$10,252$9,780
7 years$11,019$10,279$9,588$8,941$8,338$7,884
8 years$9,544$8,811$8,131$7,501$6,917$6,482
9 years$8,398$7,672$7,003$6,389$5,825$5,408
10 years$7,481$6,762$6,106$5,507$4,963$4,565
11 years$6,732$6,020$5,375$4,793$4,269$3,888
12 years$6,108$5,403$4,770$4,204$3,699$3,336
13 years$5,580$4,883$4,262$3,712$3,226$2,880
14 years$5,128$4,439$3,829$3,295$2,828$2,498
15 years$4,737$4,055$3,458$2,938$2,490$2,177
16 years$4,395$3,720$3,135$2,631$2,200$1,903
17 years$4,093$3,426$2,852$2,364$1,951$1,669
18 years$3,826$3,166$2,604$2,130$1,735$1,468
19 years$3,587$2,934$2,384$1,925$1,546$1,293
20 years$3,371$2,726$2,188$1,743$1,381$1,142
21 years$3,177$2,540$2,012$1,582$1,236$1,010
22 years$3,001$2,371$1,855$1,439$1,108$895
23 years$2,840$2,217$1,712$1,310$994$794
24 years$2,693$2,077$1,584$1,195$894$705
25 years$2,558$1,950$1,467$1,091$804$627
26 years$2,433$1,832$1,360$998$725$557
27 years$2,318$1,724$1,263$913$653$496
28 years$2,211$1,625$1,174$837$589$442
29 years$2,112$1,533$1,093$767$532$394
30 years$2,019$1,448$1,018$704$481$352
31 years$1,933$1,368$949$647$435$314
32 years$1,852$1,295$885$594$393$280
33 years$1,777$1,226$827$547$356$250
34 years$1,705$1,162$772$503$322$224
35 years$1,639$1,102$722$463$292$200
36 years$1,576$1,046$676$426$264$179
37 years$1,516$994$632$393$240$160
38 years$1,460$944$592$362$217$143
39 years$1,407$898$555$334$197$128
40 years$1,356$854$520$308$179$114
41 years$1,308$813$488$284$162$102
42 years$1,263$775$457$262$147$92
43 years$1,220$738$429$242$134$82
44 years$1,179$703$403$224$121$73
45 years$1,139$671$378$206$110$66
46 years$1,102$640$355$191$100$59
47 years$1,066$611$334$176$91$53
48 years$1,032$583$314$163$82$47
49 years$1,000$557$295$150$75$42
50 years$969$532$277$139$68$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $992,000, adding $5,632 every year, while hoping to spend $38,213 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: 42/50/8 Blend
49$992,000$992,000$992,000$992,000
50$1,098,993$1,046,417$1,031,041$1,142,344
51$1,170,432$1,057,034$1,024,923$1,183,725
52$1,247,877$1,066,889$1,017,319$1,224,199
53$1,331,901$1,075,907$1,008,139$1,267,152
54$1,423,132$1,084,003$997,289$1,312,822
55$1,522,263$1,091,091$984,669$1,361,477
56$1,630,055$1,097,076$970,177$1,413,410
57$1,747,347$1,101,859$953,704$1,468,948
58$1,875,060$1,105,333$935,137$1,528,454
59$2,014,208$1,107,387$914,356$1,592,328
60$2,165,908$1,107,899$891,238$1,661,013
61$2,331,388$1,106,744$865,652$1,735,001
62$2,512,001$1,103,785$837,462$1,814,836
63$2,709,235$1,098,881$806,527$1,901,119
64$2,924,728$1,091,877$772,697$1,994,518
65$3,160,285$1,082,614$735,817$2,095,770
66$3,417,892$1,070,920$695,725$2,205,690
67$3,699,735$1,056,613$652,250$2,325,183
68$4,008,223$1,039,502$605,215$2,455,247
69$4,346,006$1,019,383$554,435$2,596,988
70$4,716,006$996,039$499,715$2,751,627
71$5,121,436$969,243$440,853$2,920,517
72$5,565,839$938,752$377,638$3,105,152
73$6,053,114$904,311$309,849$3,307,185
74$6,587,558$865,648$237,255$3,528,444
75$7,173,901$822,477$159,615$3,770,947
76$7,817,356$774,495$76,679$4,036,929
77$8,523,661$721,380$0$4,328,855
78$9,299,142$662,795$0$4,650,461
79$10,150,762$598,380$0$5,010,802
80$11,086,196$527,756$0$5,406,677
81$12,113,895$450,524$0$5,841,790
82$13,243,173$366,260$0$6,320,227
83$14,484,287$274,517$0$6,846,503
84$15,848,539$174,823$0$7,425,600
85$17,348,381$66,681$0$8,063,022
86$18,997,531$0$0$8,764,839
87$20,811,102$0$0$9,565,508
88$22,805,746$0$0$10,486,607
89$24,999,808$0$0$11,499,940
90$27,413,503$0$0$12,614,859
91$30,069,102$0$0$13,841,670
92$32,991,144$0$0$15,191,729
93$36,206,666$0$0$16,677,548
94$39,745,460$0$0$18,312,912
95$43,640,351$0$0$20,113,013
96$47,927,508$0$0$22,094,588
97$52,646,783$0$0$24,276,080
98$57,842,091$0$0$26,677,811
99$63,561,818$0$0$29,322,174
100$69,859,283$0$0$32,233,844