Can I retire at age 50 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$82,249$81,516$80,801$80,104$79,422$78,397
2 years$40,717$39,959$39,224$38,511$37,820$36,789
3 years$26,875$26,114$25,380$24,675$23,995$22,989
4 years$19,956$19,196$18,470$17,777$17,113$16,141
5 years$15,805$15,050$14,334$13,654$13,009$12,074
6 years$13,039$12,290$11,584$10,919$10,294$9,396
7 years$11,063$10,321$9,626$8,977$8,372$7,512
8 years$9,583$8,847$8,164$7,531$6,945$6,123
9 years$8,432$7,703$7,032$6,415$5,849$5,064
10 years$7,511$6,790$6,130$5,530$4,983$4,236
11 years$6,759$6,044$5,397$4,812$4,286$3,574
12 years$6,132$5,425$4,790$4,221$3,714$3,038
13 years$5,603$4,903$4,279$3,727$3,239$2,597
14 years$5,149$4,456$3,845$3,308$2,839$2,231
15 years$4,756$4,071$3,471$2,950$2,500$1,924
16 years$4,413$3,735$3,147$2,642$2,209$1,665
17 years$4,110$3,440$2,864$2,373$1,959$1,445
18 years$3,841$3,179$2,614$2,139$1,742$1,257
19 years$3,601$2,946$2,393$1,933$1,552$1,096
20 years$3,385$2,737$2,197$1,750$1,387$957
21 years$3,190$2,550$2,020$1,589$1,241$837
22 years$3,013$2,380$1,862$1,444$1,112$733
23 years$2,851$2,226$1,719$1,315$998$643
24 years$2,704$2,086$1,590$1,200$897$565
25 years$2,568$1,957$1,473$1,096$808$496
26 years$2,443$1,840$1,366$1,002$727$436
27 years$2,327$1,731$1,268$917$656$384
28 years$2,220$1,631$1,179$840$592$338
29 years$2,120$1,539$1,097$770$534$298
30 years$2,027$1,453$1,022$707$483$262
31 years$1,941$1,374$953$649$437$231
32 years$1,860$1,300$889$597$395$204
33 years$1,784$1,231$830$549$357$180
34 years$1,712$1,167$776$505$324$159
35 years$1,645$1,107$725$465$293$140
36 years$1,582$1,050$678$428$266$124
37 years$1,522$998$635$394$241$109
38 years$1,466$948$595$364$218$96
39 years$1,412$902$557$335$198$85
40 years$1,362$858$522$309$179$75
41 years$1,314$817$490$285$163$66
42 years$1,268$778$459$263$148$59
43 years$1,225$741$431$243$134$52
44 years$1,183$706$404$224$122$46
45 years$1,144$674$380$207$110$41
46 years$1,107$643$357$191$100$36
47 years$1,071$613$335$177$91$32
48 years$1,036$585$315$163$83$28
49 years$1,004$559$296$151$75$25
50 years$972$534$278$140$68$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $996,000, adding $6,501 every year, while hoping to spend $39,212 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: 29/44/27 Blend
49$996,000$996,000$996,000$996,000
50$1,104,298$1,051,510$1,036,072$1,126,953
51$1,175,215$1,061,312$1,029,059$1,155,099
52$1,252,051$1,070,281$1,020,497$1,181,484
53$1,335,369$1,078,334$1,010,292$1,209,062
54$1,425,788$1,085,383$998,348$1,237,962
55$1,523,986$1,091,335$984,561$1,268,331
56$1,630,713$1,096,091$968,824$1,300,333
57$1,746,792$1,099,545$951,025$1,334,149
58$1,873,127$1,101,585$931,047$1,369,986
59$2,010,716$1,102,093$908,767$1,408,072
60$2,160,655$1,100,941$884,057$1,448,663
61$2,324,150$1,097,995$856,781$1,492,047
62$2,502,529$1,093,113$826,799$1,538,542
63$2,697,255$1,086,143$793,964$1,588,504
64$2,909,935$1,076,925$758,123$1,642,331
65$3,142,343$1,065,288$719,114$1,700,466
66$3,396,427$1,051,053$676,769$1,763,401
67$3,674,335$1,034,027$630,913$1,831,687
68$3,978,431$1,014,008$581,363$1,905,933
69$4,311,318$990,781$527,926$1,986,819
70$4,675,863$964,120$470,402$2,075,101
71$5,075,222$933,783$408,582$2,171,618
72$5,512,872$899,516$342,247$2,277,303
73$5,992,642$861,050$271,169$2,393,191
74$6,518,749$818,098$195,110$2,520,432
75$7,095,836$770,360$113,821$2,660,301
76$7,729,020$717,516$27,042$2,814,215
77$8,423,934$659,229$0$2,983,742
78$9,186,787$595,142$0$3,189,511
79$10,024,414$524,879$0$3,424,105
80$10,944,347$448,041$0$3,681,947
81$11,954,883$364,207$0$3,965,492
82$13,065,161$272,934$0$4,277,458
83$14,285,251$173,750$0$4,620,842
84$15,626,244$66,161$0$4,998,962
85$17,100,360$0$0$5,415,480
86$18,721,065$0$0$5,898,824
87$20,503,190$0$0$6,465,708
88$22,463,078$0$0$7,089,318
89$24,618,734$0$0$7,775,405
90$26,989,997$0$0$8,530,307
91$29,598,723$0$0$9,361,007
92$32,468,995$0$0$10,275,196
93$35,627,347$0$0$11,281,354
94$39,103,017$0$0$12,388,819
95$42,928,219$0$0$13,607,883
96$47,138,446$0$0$14,949,887
97$51,772,811$0$0$16,427,327
98$56,874,407$0$0$18,053,971
99$62,490,721$0$0$19,844,991
100$68,674,074$0$0$21,817,105