Can I retire at age 50 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$82,166$81,434$80,720$80,023$79,343$78,384
2 years$40,676$39,919$39,185$38,473$37,782$36,817
3 years$26,848$26,087$25,355$24,650$23,971$23,029
4 years$19,935$19,177$18,452$17,759$17,096$16,186
5 years$15,789$15,035$14,319$13,640$12,996$12,120
6 years$13,025$12,277$11,572$10,908$10,283$9,442
7 years$11,052$10,310$9,617$8,968$8,363$7,557
8 years$9,573$8,838$8,156$7,523$6,938$6,167
9 years$8,423$7,695$7,024$6,408$5,843$5,106
10 years$7,504$6,783$6,124$5,524$4,978$4,276
11 years$6,752$6,038$5,392$4,808$4,282$3,613
12 years$6,126$5,420$4,785$4,217$3,710$3,075
13 years$5,597$4,898$4,275$3,723$3,235$2,632
14 years$5,144$4,452$3,841$3,305$2,836$2,264
15 years$4,751$4,067$3,468$2,947$2,497$1,955
16 years$4,408$3,731$3,144$2,639$2,207$1,694
17 years$4,106$3,436$2,861$2,371$1,957$1,473
18 years$3,837$3,175$2,612$2,137$1,740$1,283
19 years$3,597$2,943$2,391$1,931$1,551$1,120
20 years$3,382$2,735$2,194$1,749$1,385$980
21 years$3,187$2,547$2,018$1,587$1,240$858
22 years$3,010$2,378$1,860$1,443$1,111$753
23 years$2,849$2,224$1,718$1,314$997$661
24 years$2,701$2,084$1,588$1,199$897$581
25 years$2,565$1,955$1,471$1,095$807$512
26 years$2,440$1,838$1,365$1,001$727$451
27 years$2,325$1,730$1,267$916$655$397
28 years$2,218$1,630$1,178$839$591$350
29 years$2,118$1,537$1,096$770$534$309
30 years$2,025$1,452$1,021$706$482$273
31 years$1,939$1,373$952$649$436$241
32 years$1,858$1,299$888$596$394$213
33 years$1,782$1,230$829$548$357$188
34 years$1,711$1,166$775$504$323$166
35 years$1,644$1,106$724$464$293$147
36 years$1,580$1,049$678$428$265$130
37 years$1,521$997$634$394$240$115
38 years$1,464$947$594$363$218$102
39 years$1,411$901$556$335$198$90
40 years$1,360$857$522$309$179$80
41 years$1,312$816$489$285$163$70
42 years$1,267$777$459$263$148$62
43 years$1,223$740$430$243$134$55
44 years$1,182$706$404$224$122$49
45 years$1,143$673$379$207$110$43
46 years$1,105$642$356$191$100$38
47 years$1,070$613$335$177$91$34
48 years$1,035$585$315$163$83$30
49 years$1,003$558$296$151$75$27
50 years$971$533$278$139$68$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $995,000, adding $3,930 every year, while hoping to spend $36,962 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: 66/27/7 Blend
49$995,000$995,000$995,000$995,000
50$1,100,544$1,047,809$1,032,386$1,171,570
51$1,173,472$1,059,824$1,027,644$1,231,269
52$1,252,600$1,071,189$1,021,504$1,291,697
53$1,338,521$1,081,834$1,013,880$1,356,759
54$1,431,888$1,091,682$1,004,683$1,426,900
55$1,533,419$1,100,652$993,819$1,502,613
56$1,643,904$1,108,660$981,188$1,584,441
57$1,764,212$1,115,614$966,687$1,672,984
58$1,895,299$1,121,416$950,208$1,768,901
59$2,038,217$1,125,964$931,638$1,872,920
60$2,194,126$1,129,146$910,858$1,985,845
61$2,364,299$1,130,847$887,744$2,108,561
62$2,550,141$1,130,942$862,167$2,242,044
63$2,753,196$1,129,299$833,991$2,387,371
64$2,975,166$1,125,778$803,073$2,545,729
65$3,217,922$1,120,231$769,266$2,718,427
66$3,483,528$1,112,500$732,413$2,906,910
67$3,774,252$1,102,417$692,354$3,112,769
68$4,092,596$1,089,805$648,917$3,337,761
69$4,441,311$1,074,476$601,927$3,583,822
70$4,823,431$1,056,232$551,198$3,853,088
71$5,242,294$1,034,860$496,536$4,147,912
72$5,701,577$1,010,137$437,739$4,470,893
73$6,205,331$981,827$374,596$4,824,895
74$6,758,018$949,679$306,888$5,213,074
75$7,364,550$913,428$234,383$5,638,913
76$8,030,340$872,792$156,841$6,106,253
77$8,761,351$827,476$74,012$6,619,328
78$9,564,151$777,164$0$7,182,807
79$10,445,975$721,525$0$7,802,913
80$11,414,792$660,208$0$8,490,217
81$12,479,383$592,841$0$9,245,467
82$13,649,422$519,031$0$10,075,588
83$14,935,564$438,365$0$10,988,212
84$16,349,551$350,404$0$11,991,755
85$17,904,318$254,686$0$13,095,494
86$19,614,114$150,722$0$14,309,655
87$21,494,642$37,995$0$15,645,511
88$23,563,200$0$0$17,115,491
89$25,838,848$0$0$18,758,263
90$28,342,586$0$0$20,578,184
91$31,097,554$0$0$22,580,795
92$34,129,245$0$0$24,784,636
93$37,465,750$0$0$27,210,139
94$41,138,021$0$0$29,879,812
95$45,180,164$0$0$32,818,461
96$49,629,755$0$0$36,053,416
97$54,528,204$0$0$39,614,792
98$59,921,134$0$0$43,535,771
99$65,858,822$0$0$47,852,919
100$72,396,665$0$0$52,606,526