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%12.2%
1 years$82,084$81,352$80,639$79,943$79,263$78,533
2 years$40,635$39,879$39,145$38,434$37,744$37,009
3 years$26,821$26,061$25,330$24,625$23,947$23,229
4 years$19,915$19,158$18,433$17,741$17,079$16,384
5 years$15,773$15,020$14,305$13,627$12,983$12,313
6 years$13,012$12,265$11,561$10,897$10,273$9,629
7 years$11,041$10,300$9,607$8,959$8,355$7,736
8 years$9,564$8,829$8,147$7,516$6,931$6,339
9 years$8,415$7,687$7,017$6,402$5,837$5,270
10 years$7,496$6,776$6,118$5,518$4,973$4,432
11 years$6,745$6,032$5,386$4,803$4,277$3,761
12 years$6,120$5,414$4,780$4,213$3,707$3,215
13 years$5,591$4,893$4,271$3,719$3,232$2,764
14 years$5,139$4,447$3,837$3,301$2,833$2,389
15 years$4,747$4,063$3,464$2,944$2,495$2,073
16 years$4,404$3,728$3,141$2,636$2,205$1,805
17 years$4,102$3,433$2,858$2,369$1,955$1,576
18 years$3,833$3,172$2,609$2,135$1,738$1,380
19 years$3,594$2,940$2,389$1,929$1,549$1,211
20 years$3,378$2,732$2,192$1,747$1,384$1,065
21 years$3,184$2,545$2,016$1,585$1,238$938
22 years$3,007$2,375$1,858$1,442$1,110$827
23 years$2,846$2,222$1,716$1,313$996$730
24 years$2,698$2,082$1,587$1,197$896$646
25 years$2,563$1,953$1,470$1,094$806$571
26 years$2,438$1,836$1,363$1,000$726$506
27 years$2,322$1,728$1,266$915$655$448
28 years$2,215$1,628$1,177$839$591$397
29 years$2,116$1,536$1,095$769$533$353
30 years$2,023$1,451$1,020$706$482$313
31 years$1,937$1,371$951$648$436$278
32 years$1,856$1,297$887$596$394$247
33 years$1,780$1,229$828$548$357$220
34 years$1,709$1,165$774$504$323$195
35 years$1,642$1,105$724$464$292$174
36 years$1,579$1,048$677$427$265$154
37 years$1,519$996$634$394$240$137
38 years$1,463$946$593$363$218$122
39 years$1,409$900$556$335$197$109
40 years$1,359$856$521$309$179$97
41 years$1,311$815$489$285$162$86
42 years$1,266$776$458$263$147$77
43 years$1,222$739$430$243$134$68
44 years$1,181$705$404$224$121$61
45 years$1,142$672$379$207$110$54
46 years$1,104$641$356$191$100$48
47 years$1,069$612$334$177$91$43
48 years$1,034$584$314$163$83$38
49 years$1,002$558$295$151$75$34
50 years$970$533$278$139$68$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $994,000, adding $5,476 every year, while hoping to spend $59,780 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: 53/40/7 Blend
49$994,000$994,000$994,000$994,000
50$1,101,036$1,048,354$1,032,947$1,157,260
51$1,149,737$1,036,118$1,003,946$1,183,735
52$1,201,401$1,021,279$971,969$1,205,523
53$1,256,268$1,003,646$936,854$1,227,786
54$1,314,600$983,017$898,431$1,250,582
55$1,376,683$959,179$856,522$1,273,975
56$1,442,830$931,904$810,941$1,298,039
57$1,513,384$900,953$761,493$1,322,860
58$1,588,722$866,072$707,976$1,348,537
59$1,669,254$826,992$650,176$1,375,183
60$1,755,433$783,430$587,872$1,402,926
61$1,847,754$735,085$520,832$1,431,913
62$1,946,759$681,638$448,815$1,462,309
63$2,053,045$622,755$371,566$1,494,304
64$2,167,265$558,079$288,823$1,528,113
65$2,290,137$487,236$200,309$1,563,976
66$2,422,449$409,828$105,738$1,602,167
67$2,565,066$325,438$4,807$1,642,994
68$2,718,939$233,621$0$1,686,805
69$2,885,113$133,910$0$1,741,675
70$3,064,735$25,812$0$1,801,240
71$3,259,067$0$0$1,865,658
72$3,469,495$0$0$1,975,650
73$3,697,544$0$0$2,107,246
74$3,944,890$0$0$2,250,062
75$4,213,376$0$0$2,405,173
76$4,505,030$0$0$2,573,762
77$4,822,083$0$0$2,757,131
78$5,166,987$0$0$2,956,709
79$5,542,443$0$0$3,174,072
80$5,951,421$0$0$3,410,954
81$6,397,189$0$0$3,669,261
82$6,883,346$0$0$3,951,092
83$7,413,850$0$0$4,258,759
84$7,993,060$0$0$4,594,804
85$8,625,774$0$0$4,962,028
86$9,317,274$0$0$5,363,513
87$10,073,375$0$0$5,802,654
88$10,900,478$0$0$6,283,187
89$11,805,634$0$0$6,809,227
90$12,796,605$0$0$7,385,305
91$13,881,939$0$0$8,016,412
92$15,071,050$0$0$8,708,043
93$16,374,305$0$0$9,466,250
94$17,803,121$0$0$10,297,698
95$19,370,073$0$0$11,209,730
96$21,089,011$0$0$12,210,431
97$22,975,192$0$0$13,308,709
98$25,045,419$0$0$14,514,375
99$27,318,202$0$0$15,838,237
100$29,813,931$0$0$17,292,199