Can I retire at age 50 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$82,001$81,271$80,558$79,862$79,183$76,162
2 years$40,595$39,839$39,106$38,395$37,706$34,698
3 years$26,794$26,035$25,304$24,600$23,922$21,022
4 years$19,895$19,138$18,415$17,723$17,062$14,291
5 years$15,757$15,005$14,291$13,613$12,970$10,336
6 years$12,999$12,253$11,549$10,886$10,263$7,767
7 years$11,030$10,290$9,597$8,950$8,346$5,989
8 years$9,554$8,820$8,139$7,508$6,924$4,702
9 years$8,406$7,680$7,010$6,395$5,831$3,741
10 years$7,489$6,769$6,112$5,513$4,968$3,007
11 years$6,739$6,026$5,381$4,798$4,273$2,436
12 years$6,114$5,409$4,775$4,208$3,703$1,985
13 years$5,586$4,888$4,266$3,715$3,229$1,626
14 years$5,133$4,443$3,833$3,298$2,831$1,337
15 years$4,742$4,059$3,461$2,941$2,492$1,102
16 years$4,399$3,724$3,138$2,634$2,203$911
17 years$4,098$3,429$2,855$2,366$1,953$755
18 years$3,830$3,169$2,607$2,132$1,737$627
19 years$3,590$2,937$2,386$1,927$1,548$521
20 years$3,375$2,729$2,190$1,745$1,383$433
21 years$3,180$2,542$2,014$1,584$1,237$361
22 years$3,004$2,373$1,857$1,440$1,109$301
23 years$2,843$2,219$1,714$1,312$995$251
24 years$2,695$2,079$1,585$1,196$895$209
25 years$2,560$1,951$1,468$1,092$805$175
26 years$2,435$1,834$1,362$999$725$146
27 years$2,320$1,726$1,265$914$654$122
28 years$2,213$1,626$1,176$838$590$102
29 years$2,114$1,534$1,094$768$533$85
30 years$2,021$1,449$1,019$705$481$71
31 years$1,935$1,370$950$647$435$60
32 years$1,854$1,296$886$595$394$50
33 years$1,778$1,227$828$547$356$42
34 years$1,707$1,163$773$503$323$35
35 years$1,640$1,103$723$463$292$29
36 years$1,577$1,047$676$427$265$24
37 years$1,518$995$633$393$240$20
38 years$1,461$945$593$362$218$17
39 years$1,408$899$555$334$197$14
40 years$1,358$855$521$308$179$12
41 years$1,310$814$488$284$162$10
42 years$1,264$775$458$262$147$8
43 years$1,221$739$430$242$134$7
44 years$1,180$704$403$224$121$6
45 years$1,141$671$379$207$110$5
46 years$1,103$641$356$191$100$4
47 years$1,067$611$334$176$91$3
48 years$1,033$584$314$163$82$3
49 years$1,001$557$295$151$75$2
50 years$970$532$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 $993,000, adding $5,063 every year, while hoping to spend $34,432 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: 77/6/17 Blend
49$993,000$993,000$993,000$993,000
50$1,099,508$1,046,879$1,031,488$1,179,640
51$1,175,023$1,061,541$1,029,407$1,247,923
52$1,257,086$1,075,767$1,026,103$1,317,972
53$1,346,329$1,089,500$1,021,498$1,393,857
54$1,443,447$1,102,678$1,015,510$1,476,150
55$1,549,204$1,115,235$1,008,056$1,565,481
56$1,664,442$1,127,101$999,045$1,662,542
57$1,790,087$1,138,201$988,385$1,768,100
58$1,927,158$1,148,454$975,978$1,882,997
59$2,076,776$1,157,777$961,721$2,008,161
60$2,240,176$1,166,077$945,507$2,144,615
61$2,418,718$1,173,258$927,225$2,293,487
62$2,613,897$1,179,217$906,757$2,456,021
63$2,827,361$1,183,845$883,980$2,633,584
64$3,060,924$1,187,026$858,766$2,827,688
65$3,316,583$1,188,635$830,979$3,039,995
66$3,596,538$1,188,542$800,481$3,272,339
67$3,903,211$1,186,607$767,123$3,526,741
68$4,239,269$1,182,681$730,752$3,805,428
69$4,607,650$1,176,608$691,208$4,110,854
70$5,011,589$1,168,220$648,322$4,445,726
71$5,454,649$1,157,341$601,919$4,813,024
72$5,940,756$1,143,784$551,816$5,216,036
73$6,474,232$1,127,348$497,821$5,658,383
74$7,059,840$1,107,824$439,734$6,144,060
75$7,702,824$1,084,988$377,345$6,677,464
76$8,408,964$1,058,604$310,438$7,263,448
77$9,184,624$1,028,422$238,784$7,907,356
78$10,036,817$994,175$162,144$8,615,080
79$10,973,267$955,585$80,271$9,393,115
80$12,002,485$912,354$0$10,248,616
81$13,133,847$864,167$0$11,190,762
82$14,377,682$810,693$0$12,242,581
83$15,745,369$751,581$0$13,399,131
84$17,249,447$686,459$0$14,671,027
85$18,903,729$614,934$0$16,069,966
86$20,723,436$536,593$0$17,608,836
87$22,725,336$450,995$0$19,301,838
88$24,927,906$357,679$0$21,164,621
89$27,351,501$256,155$0$23,214,427
90$30,018,554$145,905$0$25,470,257
91$32,953,777$26,386$0$27,953,046
92$36,184,404$0$0$30,685,867
93$39,740,438$0$0$33,700,939
94$43,654,943$0$0$37,021,909
95$47,964,348$0$0$40,677,948
96$52,708,795$0$0$44,703,117
97$57,932,516$0$0$49,134,948
98$63,684,251$0$0$54,014,797
99$70,017,705$0$0$59,388,236
100$76,992,058$0$0$65,305,479