Can I retire at age 50 with 992,000?

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 $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%16.1%
1 years$81,918$81,189$80,477$79,782$79,103$77,129
2 years$40,554$39,798$39,066$38,357$37,668$35,691
3 years$26,767$26,009$25,279$24,576$23,898$21,981
4 years$19,875$19,119$18,396$17,705$17,044$15,201
5 years$15,741$14,990$14,276$13,599$12,957$11,193
6 years$12,986$12,240$11,537$10,876$10,252$8,570
7 years$11,019$10,279$9,588$8,941$8,338$6,737
8 years$9,544$8,811$8,131$7,501$6,917$5,396
9 years$8,398$7,672$7,003$6,389$5,825$4,384
10 years$7,481$6,762$6,106$5,507$4,963$3,600
11 years$6,732$6,020$5,375$4,793$4,269$2,981
12 years$6,108$5,403$4,770$4,204$3,699$2,485
13 years$5,580$4,883$4,262$3,712$3,226$2,082
14 years$5,128$4,439$3,829$3,295$2,828$1,753
15 years$4,737$4,055$3,458$2,938$2,490$1,481
16 years$4,395$3,720$3,135$2,631$2,200$1,255
17 years$4,093$3,426$2,852$2,364$1,951$1,066
18 years$3,826$3,166$2,604$2,130$1,735$907
19 years$3,587$2,934$2,384$1,925$1,546$774
20 years$3,371$2,726$2,188$1,743$1,381$661
21 years$3,177$2,540$2,012$1,582$1,236$565
22 years$3,001$2,371$1,855$1,439$1,108$483
23 years$2,840$2,217$1,712$1,310$994$414
24 years$2,693$2,077$1,584$1,195$894$355
25 years$2,558$1,950$1,467$1,091$804$305
26 years$2,433$1,832$1,360$998$725$261
27 years$2,318$1,724$1,263$913$653$225
28 years$2,211$1,625$1,174$837$589$193
29 years$2,112$1,533$1,093$767$532$166
30 years$2,019$1,448$1,018$704$481$143
31 years$1,933$1,368$949$647$435$123
32 years$1,852$1,295$885$594$393$105
33 years$1,777$1,226$827$547$356$91
34 years$1,705$1,162$772$503$322$78
35 years$1,639$1,102$722$463$292$67
36 years$1,576$1,046$676$426$264$58
37 years$1,516$994$632$393$240$50
38 years$1,460$944$592$362$217$43
39 years$1,407$898$555$334$197$37
40 years$1,356$854$520$308$179$32
41 years$1,308$813$488$284$162$27
42 years$1,263$775$457$262$147$24
43 years$1,220$738$429$242$134$20
44 years$1,179$703$403$224$121$17
45 years$1,139$671$378$206$110$15
46 years$1,102$640$355$191$100$13
47 years$1,066$611$334$176$91$11
48 years$1,032$583$314$163$82$10
49 years$1,000$557$295$150$75$8
50 years$969$532$277$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $992,000, adding $3,800 every year, while hoping to spend $31,978 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: 48/30/22 Blend
49$992,000$992,000$992,000$992,000
50$1,097,104$1,044,528$1,029,152$1,142,757
51$1,174,984$1,061,685$1,029,604$1,192,150
52$1,259,736$1,078,612$1,029,000$1,242,246
53$1,352,028$1,095,262$1,027,269$1,295,989
54$1,452,592$1,111,588$1,024,341$1,353,737
55$1,562,239$1,127,537$1,020,138$1,415,883
56$1,681,855$1,143,055$1,014,581$1,482,861
57$1,812,422$1,158,082$1,007,586$1,555,153
58$1,955,014$1,172,554$999,067$1,633,288
59$2,110,820$1,186,403$988,930$1,717,851
60$2,281,144$1,199,557$977,079$1,809,488
61$2,467,425$1,211,940$963,415$1,908,914
62$2,671,245$1,223,467$947,832$2,016,915
63$2,894,347$1,234,052$930,219$2,134,360
64$3,138,650$1,243,600$910,461$2,262,210
65$3,406,268$1,252,012$888,438$2,401,523
66$3,699,529$1,259,182$864,022$2,553,468
67$4,020,995$1,264,997$837,081$2,719,337
68$4,373,491$1,269,336$807,478$2,900,553
69$4,760,126$1,272,072$775,067$3,098,688
70$5,184,324$1,273,069$739,697$3,315,476
71$5,649,858$1,272,183$701,210$3,552,833
72$6,160,884$1,269,260$659,441$3,812,870
73$6,721,979$1,264,139$614,217$4,097,919
74$7,338,186$1,256,646$565,358$4,410,551
75$8,015,058$1,246,599$512,675$4,753,604
76$8,758,715$1,233,803$455,971$5,130,209
77$9,575,898$1,218,054$395,039$5,543,821
78$10,474,032$1,199,132$329,667$5,998,251
79$11,461,301$1,176,806$259,628$6,497,702
80$12,546,717$1,150,833$184,688$7,046,812
81$13,740,211$1,120,953$104,604$7,650,697
82$15,052,723$1,086,890$19,119$8,315,001
83$16,496,309$1,048,356$0$9,045,947
84$18,084,249$1,005,042$0$9,867,328
85$19,831,176$956,623$0$10,775,679
86$21,753,214$902,755$0$11,774,927
87$23,868,126$843,074$0$12,874,353
88$26,195,485$777,195$0$14,084,189
89$28,756,859$704,712$0$15,415,715
90$31,576,010$625,194$0$16,881,364
91$34,679,122$538,188$0$18,494,844
92$38,095,045$443,212$0$20,271,263
93$41,855,571$339,760$0$22,227,276
94$45,995,727$227,296$0$24,381,245
95$50,554,112$105,255$0$26,753,406
96$55,573,257$0$0$29,366,068
97$61,100,028$0$0$32,252,724
98$67,186,066$0$0$35,469,892
99$73,888,275$0$0$39,012,924
100$81,269,361$0$0$42,914,986