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%15.5%
1 years$82,166$81,434$80,720$80,023$79,343$77,551
2 years$40,676$39,919$39,185$38,473$37,782$35,986
3 years$26,848$26,087$25,355$24,650$23,971$22,227
4 years$19,935$19,177$18,452$17,759$17,096$15,418
5 years$15,789$15,035$14,319$13,640$12,996$11,389
6 years$13,025$12,277$11,572$10,908$10,283$8,748
7 years$11,052$10,310$9,617$8,968$8,363$6,900
8 years$9,573$8,838$8,156$7,523$6,938$5,547
9 years$8,423$7,695$7,024$6,408$5,843$4,522
10 years$7,504$6,783$6,124$5,524$4,978$3,727
11 years$6,752$6,038$5,392$4,808$4,282$3,098
12 years$6,126$5,420$4,785$4,217$3,710$2,593
13 years$5,597$4,898$4,275$3,723$3,235$2,182
14 years$5,144$4,452$3,841$3,305$2,836$1,844
15 years$4,751$4,067$3,468$2,947$2,497$1,564
16 years$4,408$3,731$3,144$2,639$2,207$1,331
17 years$4,106$3,436$2,861$2,371$1,957$1,136
18 years$3,837$3,175$2,612$2,137$1,740$971
19 years$3,597$2,943$2,391$1,931$1,551$832
20 years$3,382$2,735$2,194$1,749$1,385$713
21 years$3,187$2,547$2,018$1,587$1,240$613
22 years$3,010$2,378$1,860$1,443$1,111$527
23 years$2,849$2,224$1,718$1,314$997$454
24 years$2,701$2,084$1,588$1,199$897$391
25 years$2,565$1,955$1,471$1,095$807$337
26 years$2,440$1,838$1,365$1,001$727$291
27 years$2,325$1,730$1,267$916$655$251
28 years$2,218$1,630$1,178$839$591$216
29 years$2,118$1,537$1,096$770$534$187
30 years$2,025$1,452$1,021$706$482$162
31 years$1,939$1,373$952$649$436$140
32 years$1,858$1,299$888$596$394$121
33 years$1,782$1,230$829$548$357$104
34 years$1,711$1,166$775$504$323$90
35 years$1,644$1,106$724$464$293$78
36 years$1,580$1,049$678$428$265$68
37 years$1,521$997$634$394$240$58
38 years$1,464$947$594$363$218$51
39 years$1,411$901$556$335$198$44
40 years$1,360$857$522$309$179$38
41 years$1,312$816$489$285$163$33
42 years$1,267$777$459$263$148$28
43 years$1,223$740$430$243$134$25
44 years$1,182$706$404$224$122$21
45 years$1,143$673$379$207$110$18
46 years$1,105$642$356$191$100$16
47 years$1,070$613$335$177$91$14
48 years$1,035$585$315$163$83$12
49 years$1,003$558$296$151$75$10
50 years$971$533$278$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $995,000, adding $6,208 every year, while hoping to spend $56,989 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: 43/45/12 Blend
49$995,000$995,000$995,000$995,000
50$1,102,894$1,050,159$1,034,736$1,146,225
51$1,154,753$1,040,980$1,008,764$1,167,933
52$1,209,992$1,029,443$980,012$1,185,230
53$1,268,895$1,015,369$948,326$1,202,707
54$1,331,774$998,574$913,546$1,220,403
55$1,398,970$978,860$875,506$1,238,367
56$1,470,858$956,017$834,028$1,256,656
57$1,547,848$929,824$788,931$1,275,338
58$1,630,391$900,048$740,022$1,294,490
59$1,718,980$866,439$687,102$1,314,207
60$1,814,156$828,735$629,960$1,334,594
61$1,916,516$786,659$568,380$1,355,775
62$2,026,712$739,917$502,132$1,377,894
63$2,145,462$688,198$430,978$1,401,114
64$2,273,552$631,173$354,670$1,425,623
65$2,411,850$568,495$272,946$1,451,634
66$2,561,305$499,798$185,536$1,479,392
67$2,722,963$424,693$92,157$1,509,174
68$2,897,973$342,771$0$1,541,294
69$3,087,598$253,599$0$1,577,069
70$3,293,227$156,719$0$1,628,595
71$3,516,387$51,649$0$1,684,557
72$3,758,757$0$0$1,745,510
73$4,022,186$0$0$1,842,835
74$4,308,706$0$0$1,976,617
75$4,620,553$0$0$2,122,338
76$4,960,187$0$0$2,281,162
77$5,330,317$0$0$2,454,369
78$5,733,922$0$0$2,643,371
79$6,174,282$0$0$2,849,718
80$6,655,007$0$0$3,075,119
81$7,180,071$0$0$3,321,456
82$7,753,848$0$0$3,590,798
83$8,381,155$0$0$3,885,425
84$9,067,294$0$0$4,207,848
85$9,818,104$0$0$4,560,830
86$10,640,015$0$0$4,947,416
87$11,540,104$0$0$5,370,957
88$12,526,169$0$0$5,835,145
89$13,606,796$0$0$6,344,044
90$14,791,440$0$0$6,902,134
91$16,090,515$0$0$7,514,345
92$17,515,491$0$0$8,186,110
93$19,079,003$0$0$8,923,411
94$20,794,967$0$0$9,732,841
95$22,678,711$0$0$10,621,659
96$24,747,121$0$0$11,597,862
97$27,018,796$0$0$12,670,260
98$29,514,228$0$0$13,848,560
99$32,255,988$0$0$15,143,454
100$35,268,945$0$0$16,566,720