Can I retire at age 50 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$82,331$81,598$80,882$80,184$79,502$78,639
2 years$40,758$39,999$39,263$38,550$37,858$36,989
3 years$26,902$26,140$25,406$24,699$24,019$23,171
4 years$19,976$19,216$18,489$17,795$17,130$16,310
5 years$15,821$15,065$14,348$13,668$13,022$12,232
6 years$13,052$12,302$11,596$10,930$10,304$9,545
7 years$11,075$10,331$9,636$8,986$8,380$7,652
8 years$9,592$8,856$8,172$7,538$6,952$6,255
9 years$8,440$7,710$7,039$6,421$5,855$5,189
10 years$7,519$6,796$6,136$5,535$4,988$4,353
11 years$6,766$6,050$5,402$4,817$4,290$3,685
12 years$6,139$5,431$4,794$4,225$3,718$3,142
13 years$5,608$4,908$4,284$3,730$3,242$2,694
14 years$5,154$4,461$3,849$3,311$2,842$2,322
15 years$4,761$4,075$3,475$2,953$2,502$2,010
16 years$4,417$3,739$3,151$2,644$2,211$1,745
17 years$4,114$3,443$2,867$2,376$1,961$1,520
18 years$3,845$3,182$2,617$2,141$1,744$1,327
19 years$3,605$2,949$2,396$1,935$1,554$1,161
20 years$3,388$2,740$2,199$1,752$1,388$1,018
21 years$3,193$2,552$2,022$1,590$1,242$894
22 years$3,016$2,383$1,864$1,446$1,113$786
23 years$2,854$2,228$1,721$1,317$999$692
24 years$2,706$2,088$1,592$1,201$898$610
25 years$2,570$1,959$1,474$1,097$808$538
26 years$2,445$1,841$1,367$1,003$728$475
27 years$2,329$1,733$1,270$918$657$419
28 years$2,222$1,633$1,180$841$592$371
29 years$2,122$1,541$1,098$771$535$328
30 years$2,029$1,455$1,023$708$483$290
31 years$1,943$1,375$954$650$437$257
32 years$1,862$1,301$890$597$395$227
33 years$1,785$1,232$831$549$358$201
34 years$1,714$1,168$776$505$324$178
35 years$1,647$1,108$726$465$293$158
36 years$1,583$1,052$679$429$266$140
37 years$1,524$999$636$395$241$124
38 years$1,467$949$595$364$218$110
39 years$1,414$903$558$336$198$98
40 years$1,363$859$523$310$180$87
41 years$1,315$817$490$286$163$77
42 years$1,269$778$460$264$148$68
43 years$1,226$742$431$243$134$61
44 years$1,185$707$405$225$122$54
45 years$1,145$674$380$207$111$48
46 years$1,108$643$357$192$100$42
47 years$1,072$614$335$177$91$38
48 years$1,038$586$315$164$83$33
49 years$1,005$560$296$151$75$30
50 years$973$534$279$140$68$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $997,000, adding $6,804 every year, while hoping to spend $44,512 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: 69/18/13 Blend
49$997,000$997,000$997,000$997,000
50$1,105,712$1,052,871$1,037,418$1,178,361
51$1,171,135$1,057,102$1,024,811$1,231,755
52$1,241,738$1,060,047$1,010,290$1,284,170
53$1,318,004$1,061,598$993,743$1,340,360
54$1,400,462$1,061,638$975,055$1,400,689
55$1,489,694$1,060,043$954,104$1,465,559
56$1,586,338$1,056,680$930,762$1,535,415
57$1,691,097$1,051,411$904,896$1,610,748
58$1,804,745$1,044,086$876,366$1,692,098
59$1,928,132$1,034,549$845,027$1,780,062
60$2,062,192$1,022,633$810,726$1,875,300
61$2,207,955$1,008,160$773,304$1,978,539
62$2,366,550$990,945$732,594$2,090,581
63$2,539,224$970,787$688,421$2,212,313
64$2,727,346$947,476$640,605$2,344,713
65$2,932,424$920,791$588,954$2,488,858
66$3,156,117$890,496$533,269$2,645,940
67$3,400,251$856,340$473,344$2,817,273
68$3,666,836$818,061$408,961$3,004,306
69$3,958,086$775,378$339,893$3,208,638
70$4,276,436$727,996$265,904$3,432,035
71$4,624,568$675,604$186,748$3,676,445
72$5,005,435$617,870$102,165$3,944,015
73$5,422,290$554,446$11,888$4,237,117
74$5,878,712$484,962$0$4,558,366
75$6,378,645$409,029$0$4,922,362
76$6,926,430$326,236$0$5,323,095
77$7,526,851$236,146$0$5,762,467
78$8,185,172$138,300$0$6,244,397
79$8,907,196$32,213$0$6,773,203
80$9,699,311$0$0$7,353,647
81$10,568,555$0$0$8,007,343
82$11,522,679$0$0$8,731,933
83$12,570,222$0$0$9,527,529
84$13,720,589$0$0$10,401,281
85$14,984,142$0$0$11,361,066
86$16,372,295$0$0$12,415,564
87$17,897,623$0$0$13,574,334
88$19,573,977$0$0$14,847,909
89$21,416,620$0$0$16,247,892
90$23,442,365$0$0$17,787,066
91$25,669,735$0$0$19,479,515
92$28,119,138$0$0$21,340,756
93$30,813,060$0$0$23,387,886
94$33,776,274$0$0$25,639,739
95$37,036,074$0$0$28,117,070
96$40,622,535$0$0$30,842,743
97$44,568,791$0$0$33,841,954
98$48,911,352$0$0$37,142,462
99$53,690,446$0$0$40,774,854
100$58,950,396$0$0$44,772,831