Can I retire at age 50 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$82,084$81,352$80,639$79,943$79,263$76,178
2 years$40,635$39,879$39,145$38,434$37,744$34,674
3 years$26,821$26,061$25,330$24,625$23,947$20,987
4 years$19,915$19,158$18,433$17,741$17,079$14,253
5 years$15,773$15,020$14,305$13,627$12,983$10,297
6 years$13,012$12,265$11,561$10,897$10,273$7,730
7 years$11,041$10,300$9,607$8,959$8,355$5,953
8 years$9,564$8,829$8,147$7,516$6,931$4,668
9 years$8,415$7,687$7,017$6,402$5,837$3,710
10 years$7,496$6,776$6,118$5,518$4,973$2,978
11 years$6,745$6,032$5,386$4,803$4,277$2,410
12 years$6,120$5,414$4,780$4,213$3,707$1,961
13 years$5,591$4,893$4,271$3,719$3,232$1,604
14 years$5,139$4,447$3,837$3,301$2,833$1,317
15 years$4,747$4,063$3,464$2,944$2,495$1,084
16 years$4,404$3,728$3,141$2,636$2,205$895
17 years$4,102$3,433$2,858$2,369$1,955$741
18 years$3,833$3,172$2,609$2,135$1,738$614
19 years$3,594$2,940$2,389$1,929$1,549$509
20 years$3,378$2,732$2,192$1,747$1,384$423
21 years$3,184$2,545$2,016$1,585$1,238$352
22 years$3,007$2,375$1,858$1,442$1,110$293
23 years$2,846$2,222$1,716$1,313$996$244
24 years$2,698$2,082$1,587$1,197$896$203
25 years$2,563$1,953$1,470$1,094$806$169
26 years$2,438$1,836$1,363$1,000$726$141
27 years$2,322$1,728$1,266$915$655$118
28 years$2,215$1,628$1,177$839$591$98
29 years$2,116$1,536$1,095$769$533$82
30 years$2,023$1,451$1,020$706$482$68
31 years$1,937$1,371$951$648$436$57
32 years$1,856$1,297$887$596$394$48
33 years$1,780$1,229$828$548$357$40
34 years$1,709$1,165$774$504$323$33
35 years$1,642$1,105$724$464$292$28
36 years$1,579$1,048$677$427$265$23
37 years$1,519$996$634$394$240$19
38 years$1,463$946$593$363$218$16
39 years$1,409$900$556$335$197$14
40 years$1,359$856$521$309$179$11
41 years$1,311$815$489$285$162$9
42 years$1,266$776$458$263$147$8
43 years$1,222$739$430$243$134$7
44 years$1,181$705$404$224$121$5
45 years$1,142$672$379$207$110$5
46 years$1,104$641$356$191$100$4
47 years$1,069$612$334$177$91$3
48 years$1,034$584$314$163$83$3
49 years$1,002$558$295$151$75$2
50 years$970$533$278$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $994,000, adding $5,024 every year, while hoping to spend $52,038 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: 53/27/20 Blend
49$994,000$994,000$994,000$994,000
50$1,100,570$1,047,888$1,032,481$1,152,623
51$1,157,460$1,043,867$1,011,701$1,184,896
52$1,218,409$1,037,904$988,481$1,214,134
53$1,283,776$1,029,850$962,684$1,244,832
54$1,353,954$1,019,546$934,167$1,277,145
55$1,429,376$1,006,823$902,781$1,311,247
56$1,510,517$991,502$868,369$1,347,331
57$1,597,898$973,393$830,767$1,385,616
58$1,692,091$952,296$789,805$1,426,344
59$1,793,724$927,999$745,303$1,469,784
60$1,903,489$900,276$697,076$1,516,238
61$2,022,144$868,889$644,927$1,566,041
62$2,150,523$833,585$588,653$1,619,568
63$2,289,545$794,099$528,041$1,677,234
64$2,440,215$750,147$462,867$1,739,502
65$2,603,645$701,431$392,900$1,806,888
66$2,781,051$647,636$317,897$1,879,963
67$2,973,776$588,428$237,604$1,959,366
68$3,183,294$523,453$151,757$2,045,801
69$3,411,228$452,341$60,079$2,140,056
70$3,659,363$374,695$0$2,243,001
71$3,929,664$290,101$0$2,363,662
72$4,224,292$198,119$0$2,509,260
73$4,545,628$98,284$0$2,668,219
74$4,896,289$0$0$2,841,929
75$5,279,158$0$0$3,034,866
76$5,697,408$0$0$3,277,622
77$6,154,533$0$0$3,543,036
78$6,654,379$0$0$3,833,351
79$7,201,179$0$0$4,151,039
80$7,799,596$0$0$4,498,822
81$8,454,765$0$0$4,879,696
82$9,172,339$0$0$5,296,963
83$9,958,544$0$0$5,754,257
84$10,820,236$0$0$6,255,580
85$11,764,968$0$0$6,805,341
86$12,801,056$0$0$7,408,396
87$13,937,660$0$0$8,070,093
88$15,184,872$0$0$8,796,324
89$16,553,804$0$0$9,593,577
90$18,056,700$0$0$10,469,001
91$19,707,046$0$0$11,430,470
92$21,519,696$0$0$12,486,659
93$23,511,016$0$0$13,647,122
94$25,699,035$0$0$14,922,387
95$28,103,614$0$0$16,324,053
96$30,746,632$0$0$17,864,895
97$33,652,197$0$0$19,558,990
98$36,846,866$0$0$21,421,847
99$40,359,898$0$0$23,470,552
100$44,223,532$0$0$25,723,931