Can I retire at age 50 with 998,000?

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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$82,414$81,680$80,964$80,265$79,582$77,690
2 years$40,799$40,039$39,303$38,589$37,896$36,001
3 years$26,929$26,166$25,431$24,724$24,043$22,204
4 years$19,996$19,235$18,508$17,812$17,148$15,379
5 years$15,837$15,080$14,363$13,682$13,035$11,342
6 years$13,065$12,314$11,607$10,941$10,314$8,698
7 years$11,086$10,341$9,646$8,995$8,388$6,849
8 years$9,602$8,865$8,180$7,546$6,959$5,496
9 years$8,449$7,718$7,046$6,428$5,860$4,473
10 years$7,527$6,803$6,143$5,541$4,993$3,680
11 years$6,773$6,056$5,408$4,822$4,294$3,053
12 years$6,145$5,436$4,799$4,230$3,722$2,550
13 years$5,614$4,913$4,288$3,734$3,245$2,141
14 years$5,159$4,465$3,853$3,315$2,845$1,806
15 years$4,766$4,079$3,478$2,956$2,505$1,529
16 years$4,422$3,743$3,154$2,647$2,214$1,298
17 years$4,118$3,447$2,870$2,378$1,963$1,105
18 years$3,849$3,185$2,620$2,143$1,745$943
19 years$3,608$2,952$2,398$1,937$1,556$806
20 years$3,392$2,743$2,201$1,754$1,389$690
21 years$3,196$2,555$2,024$1,592$1,243$591
22 years$3,019$2,385$1,866$1,447$1,115$507
23 years$2,857$2,231$1,723$1,318$1,000$435
24 years$2,709$2,090$1,593$1,202$899$374
25 years$2,573$1,961$1,476$1,098$809$322
26 years$2,448$1,843$1,369$1,004$729$277
27 years$2,332$1,735$1,271$919$657$238
28 years$2,224$1,635$1,181$842$593$205
29 years$2,124$1,542$1,099$772$535$177
30 years$2,031$1,456$1,024$709$484$152
31 years$1,945$1,377$955$651$437$131
32 years$1,863$1,303$891$598$396$113
33 years$1,787$1,234$832$550$358$98
34 years$1,716$1,169$777$506$324$84
35 years$1,648$1,109$727$466$294$73
36 years$1,585$1,053$680$429$266$63
37 years$1,525$1,000$636$395$241$54
38 years$1,469$950$596$364$219$47
39 years$1,415$903$558$336$198$40
40 years$1,364$860$523$310$180$35
41 years$1,316$818$491$286$163$30
42 years$1,271$779$460$264$148$26
43 years$1,227$742$432$244$134$22
44 years$1,186$708$405$225$122$19
45 years$1,146$675$381$208$111$17
46 years$1,109$644$357$192$101$14
47 years$1,073$614$336$177$91$12
48 years$1,039$587$316$164$83$11
49 years$1,006$560$297$151$75$9
50 years$974$535$279$140$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $998,000, adding $4,238 every year, while hoping to spend $51,064 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: 70/12/18 Blend
49$998,000$998,000$998,000$998,000
50$1,104,167$1,051,273$1,035,804$1,176,416
51$1,162,461$1,048,454$1,016,172$1,222,267
52$1,224,989$1,043,785$994,171$1,265,963
53$1,292,129$1,037,122$969,667$1,312,505
54$1,364,297$1,028,312$942,521$1,362,167
55$1,441,947$1,017,191$912,588$1,415,255
56$1,525,581$1,003,588$879,715$1,472,103
57$1,615,746$987,320$843,741$1,533,084
58$1,713,047$968,194$804,501$1,598,606
59$1,818,146$946,003$761,820$1,669,123
60$1,931,772$920,533$715,516$1,745,136
61$2,054,725$891,551$665,398$1,827,199
62$2,187,885$858,816$611,268$1,915,923
63$2,332,221$822,069$552,917$2,011,983
64$2,488,796$781,039$490,127$2,116,127
65$2,658,780$735,436$422,674$2,229,177
66$2,843,460$684,958$350,318$2,352,045
67$3,044,253$629,280$272,814$2,485,736
68$3,262,715$568,064$189,901$2,631,362
69$3,500,561$500,948$101,312$2,790,150
70$3,759,676$427,552$6,764$2,963,452
71$4,042,136$347,475$0$3,152,767
72$4,350,225$260,292$0$3,377,824
73$4,686,455$165,554$0$3,624,930
74$5,053,596$62,788$0$3,894,858
75$5,454,692$0$0$4,189,895
76$5,893,097$0$0$4,518,966
77$6,372,503$0$0$4,887,931
78$6,896,976$0$0$5,291,633
79$7,470,991$0$0$5,733,524
80$8,099,477$0$0$6,217,405
81$8,787,861$0$0$6,747,463
82$9,542,121$0$0$7,328,308
83$10,368,839$0$0$7,965,015
84$11,275,266$0$0$8,663,177
85$12,269,385$0$0$9,428,952
86$13,359,992$0$0$10,269,123
87$14,556,773$0$0$11,191,161
88$15,870,399$0$0$12,203,297
89$17,312,623$0$0$13,314,596
90$18,896,392$0$0$14,535,045
91$20,635,969$0$0$15,875,643
92$22,547,066$0$0$17,348,510
93$24,646,990$0$0$18,966,997
94$26,954,811$0$0$20,745,810
95$29,491,535$0$0$22,701,155
96$32,280,306$0$0$24,850,881
97$35,346,621$0$0$27,214,657
98$38,718,573$0$0$29,814,151
99$42,427,112$0$0$32,673,238
100$46,506,338$0$0$35,818,219