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%13.3%
1 years$82,249$81,516$80,801$80,104$79,422$78,333
2 years$40,717$39,959$39,224$38,511$37,820$36,724
3 years$26,875$26,114$25,380$24,675$23,995$22,926
4 years$19,956$19,196$18,470$17,777$17,113$16,081
5 years$15,805$15,050$14,334$13,654$13,009$12,016
6 years$13,039$12,290$11,584$10,919$10,294$9,341
7 years$11,063$10,321$9,626$8,977$8,372$7,459
8 years$9,583$8,847$8,164$7,531$6,945$6,073
9 years$8,432$7,703$7,032$6,415$5,849$5,017
10 years$7,511$6,790$6,130$5,530$4,983$4,191
11 years$6,759$6,044$5,397$4,812$4,286$3,532
12 years$6,132$5,425$4,790$4,221$3,714$2,998
13 years$5,603$4,903$4,279$3,727$3,239$2,560
14 years$5,149$4,456$3,845$3,308$2,839$2,196
15 years$4,756$4,071$3,471$2,950$2,500$1,891
16 years$4,413$3,735$3,147$2,642$2,209$1,635
17 years$4,110$3,440$2,864$2,373$1,959$1,417
18 years$3,841$3,179$2,614$2,139$1,742$1,231
19 years$3,601$2,946$2,393$1,933$1,552$1,071
20 years$3,385$2,737$2,197$1,750$1,387$934
21 years$3,190$2,550$2,020$1,589$1,241$816
22 years$3,013$2,380$1,862$1,444$1,112$714
23 years$2,851$2,226$1,719$1,315$998$625
24 years$2,704$2,086$1,590$1,200$897$548
25 years$2,568$1,957$1,473$1,096$808$480
26 years$2,443$1,840$1,366$1,002$727$422
27 years$2,327$1,731$1,268$917$656$370
28 years$2,220$1,631$1,179$840$592$326
29 years$2,120$1,539$1,097$770$534$286
30 years$2,027$1,453$1,022$707$483$252
31 years$1,941$1,374$953$649$437$222
32 years$1,860$1,300$889$597$395$195
33 years$1,784$1,231$830$549$357$172
34 years$1,712$1,167$776$505$324$151
35 years$1,645$1,107$725$465$293$133
36 years$1,582$1,050$678$428$266$118
37 years$1,522$998$635$394$241$104
38 years$1,466$948$595$364$218$91
39 years$1,412$902$557$335$198$81
40 years$1,362$858$522$309$179$71
41 years$1,314$817$490$285$163$63
42 years$1,268$778$459$263$148$55
43 years$1,225$741$431$243$134$49
44 years$1,183$706$404$224$122$43
45 years$1,144$674$380$207$110$38
46 years$1,107$643$357$191$100$33
47 years$1,071$613$335$177$91$30
48 years$1,036$585$315$163$83$26
49 years$1,004$559$296$151$75$23
50 years$972$534$278$140$68$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $996,000, adding $4,013 every year, while hoping to spend $27,859 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: 45/35/20 Blend
49$996,000$996,000$996,000$996,000
50$1,101,731$1,048,943$1,033,505$1,144,805
51$1,184,466$1,070,700$1,038,486$1,197,207
52$1,274,706$1,092,589$1,042,700$1,250,930
53$1,373,188$1,114,587$1,046,092$1,308,611
54$1,480,721$1,136,670$1,048,604$1,370,633
55$1,598,198$1,158,810$1,050,175$1,437,415
56$1,726,600$1,180,977$1,050,742$1,509,419
57$1,867,009$1,203,141$1,050,238$1,587,157
58$2,020,615$1,225,266$1,048,592$1,671,192
59$2,188,729$1,247,315$1,045,731$1,762,145
60$2,372,793$1,269,248$1,041,577$1,860,700
61$2,574,398$1,291,021$1,036,050$1,967,613
62$2,795,293$1,312,588$1,029,064$2,083,718
63$3,037,407$1,333,898$1,020,531$2,209,934
64$3,302,861$1,354,898$1,010,358$2,347,275
65$3,593,994$1,375,529$998,446$2,496,858
66$3,913,382$1,395,730$984,694$2,659,917
67$4,263,860$1,415,434$968,995$2,837,812
68$4,648,553$1,434,570$951,235$3,032,043
69$5,070,903$1,453,061$931,299$3,244,265
70$5,534,701$1,470,827$909,064$3,476,303
71$6,044,123$1,487,780$884,400$3,730,169
72$6,603,770$1,503,828$857,174$4,008,083
73$7,218,710$1,518,871$827,245$4,312,494
74$7,894,526$1,532,804$794,465$4,646,100
75$8,637,371$1,545,514$758,683$5,011,880
76$9,454,020$1,556,881$719,736$5,413,116
77$10,351,940$1,566,778$677,457$5,853,431
78$11,339,356$1,575,069$631,670$6,336,816
79$12,425,332$1,581,609$582,192$6,867,676
80$13,619,852$1,586,244$528,832$7,450,866
81$14,933,918$1,588,811$471,389$8,091,740
82$16,379,651$1,589,136$409,654$8,796,203
83$17,970,407$1,587,035$343,409$9,570,765
84$19,720,900$1,582,312$272,425$10,422,604
85$21,647,346$1,574,759$196,466$11,359,636
86$23,767,610$1,564,157$115,281$12,390,588
87$26,101,375$1,550,269$28,612$13,525,082
88$28,670,333$1,532,850$0$14,773,727
89$31,498,382$1,511,636$0$16,161,853
90$34,611,859$1,486,348$0$17,696,126
91$38,039,781$1,456,691$0$19,384,715
92$41,814,122$1,422,352$0$21,243,362
93$45,970,116$1,383,001$0$23,289,415
94$50,546,586$1,338,286$0$25,542,000
95$55,586,313$1,287,838$0$28,022,193
96$61,136,438$1,231,262$0$30,753,227
97$67,248,905$1,168,145$0$33,760,710
98$73,980,956$1,098,046$0$37,072,865
99$81,395,664$1,020,501$0$40,720,799
100$89,562,535$935,019$0$44,738,799