Can I retire at age 50 with 997,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$82,331$81,598$80,882$80,184$79,502$76,620
2 years$40,758$39,999$39,263$38,550$37,858$34,986
3 years$26,902$26,140$25,406$24,699$24,019$21,247
4 years$19,976$19,216$18,489$17,795$17,130$14,481
5 years$15,821$15,065$14,348$13,668$13,022$10,501
6 years$13,052$12,302$11,596$10,930$10,304$7,913
7 years$11,075$10,331$9,636$8,986$8,380$6,119
8 years$9,592$8,856$8,172$7,538$6,952$4,818
9 years$8,440$7,710$7,039$6,421$5,855$3,846
10 years$7,519$6,796$6,136$5,535$4,988$3,101
11 years$6,766$6,050$5,402$4,817$4,290$2,520
12 years$6,139$5,431$4,794$4,225$3,718$2,061
13 years$5,608$4,908$4,284$3,730$3,242$1,693
14 years$5,154$4,461$3,849$3,311$2,842$1,397
15 years$4,761$4,075$3,475$2,953$2,502$1,156
16 years$4,417$3,739$3,151$2,644$2,211$960
17 years$4,114$3,443$2,867$2,376$1,961$798
18 years$3,845$3,182$2,617$2,141$1,744$665
19 years$3,605$2,949$2,396$1,935$1,554$555
20 years$3,388$2,740$2,199$1,752$1,388$463
21 years$3,193$2,552$2,022$1,590$1,242$387
22 years$3,016$2,383$1,864$1,446$1,113$324
23 years$2,854$2,228$1,721$1,317$999$271
24 years$2,706$2,088$1,592$1,201$898$227
25 years$2,570$1,959$1,474$1,097$808$191
26 years$2,445$1,841$1,367$1,003$728$160
27 years$2,329$1,733$1,270$918$657$134
28 years$2,222$1,633$1,180$841$592$112
29 years$2,122$1,541$1,098$771$535$94
30 years$2,029$1,455$1,023$708$483$79
31 years$1,943$1,375$954$650$437$67
32 years$1,862$1,301$890$597$395$56
33 years$1,785$1,232$831$549$358$47
34 years$1,714$1,168$776$505$324$39
35 years$1,647$1,108$726$465$293$33
36 years$1,583$1,052$679$429$266$28
37 years$1,524$999$636$395$241$23
38 years$1,467$949$595$364$218$20
39 years$1,414$903$558$336$198$16
40 years$1,363$859$523$310$180$14
41 years$1,315$817$490$286$163$12
42 years$1,269$778$460$264$148$10
43 years$1,226$742$431$243$134$8
44 years$1,185$707$405$225$122$7
45 years$1,145$674$380$207$111$6
46 years$1,108$643$357$192$100$5
47 years$1,072$614$335$177$91$4
48 years$1,038$586$315$164$83$3
49 years$1,005$560$296$151$75$3
50 years$973$534$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $997,000, adding $2,996 every year, while hoping to spend $54,551 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: 68/7/25 Blend
49$997,000$997,000$997,000$997,000
50$1,101,784$1,048,943$1,033,490$1,169,434
51$1,156,125$1,042,300$1,010,070$1,208,577
52$1,214,179$1,033,502$984,037$1,244,857
53$1,276,269$1,022,388$955,246$1,283,283
54$1,342,747$1,008,783$923,546$1,324,068
55$1,414,000$992,506$888,776$1,367,445
56$1,490,450$973,361$850,773$1,413,677
57$1,572,563$951,143$809,361$1,463,051
58$1,660,849$925,634$764,359$1,515,888
59$1,755,869$896,603$715,579$1,572,541
60$1,858,238$863,807$662,821$1,633,403
61$1,968,632$826,987$605,878$1,698,907
62$2,087,792$785,869$544,535$1,769,535
63$2,216,535$740,165$478,566$1,845,818
64$2,355,757$689,569$407,733$1,928,344
65$2,506,444$633,757$331,792$2,017,765
66$2,669,679$572,388$250,484$2,114,801
67$2,846,652$505,101$163,541$2,220,249
68$3,038,673$431,514$70,682$2,334,990
69$3,247,183$351,223$0$2,459,998
70$3,473,765$263,803$0$2,603,930
71$3,720,163$168,803$0$2,781,011
72$3,988,294$65,749$0$2,973,768
73$4,280,268$0$0$3,183,744
74$4,598,406$0$0$3,416,173
75$4,945,262$0$0$3,675,158
76$5,323,650$0$0$3,957,742
77$5,736,662$0$0$4,266,242
78$6,187,708$0$0$4,603,211
79$6,680,536$0$0$4,971,458
80$7,219,275$0$0$5,374,076
81$7,808,471$0$0$5,814,469
82$8,453,130$0$0$6,296,389
83$9,158,762$0$0$6,823,963
84$9,931,436$0$0$7,401,737
85$10,777,834$0$0$8,034,719
86$11,705,318$0$0$8,728,423
87$12,721,991$0$0$9,488,920
88$13,836,781$0$0$10,322,900
89$15,059,519$0$0$11,237,727
90$16,401,035$0$0$12,241,517
91$17,873,258$0$0$13,343,206
92$19,489,326$0$0$14,552,638
93$21,263,712$0$0$15,880,657
94$23,212,360$0$0$17,339,210
95$25,352,831$0$0$18,941,455
96$27,704,475$0$0$20,701,889
97$30,288,604$0$0$22,636,481
98$33,128,699$0$0$24,762,827
99$36,250,631$0$0$27,100,309
100$39,682,897$0$0$29,670,282