Can I retire at age 50 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$82,496$81,762$81,045$80,345$79,662$77,173
2 years$40,840$40,079$39,342$38,627$37,934$35,449
3 years$26,956$26,192$25,457$24,749$24,067$21,664
4 years$20,016$19,254$18,526$17,830$17,165$14,861
5 years$15,852$15,095$14,377$13,695$13,048$10,851
6 years$13,078$12,327$11,619$10,952$10,325$8,236
7 years$11,097$10,352$9,655$9,004$8,397$6,415
8 years$9,612$8,873$8,188$7,554$6,966$5,091
9 years$8,457$7,726$7,053$6,434$5,866$4,096
10 years$7,534$6,810$6,149$5,546$4,998$3,330
11 years$6,779$6,063$5,413$4,827$4,299$2,729
12 years$6,151$5,441$4,804$4,234$3,725$2,251
13 years$5,620$4,917$4,292$3,738$3,248$1,866
14 years$5,164$4,470$3,857$3,318$2,848$1,554
15 years$4,770$4,083$3,482$2,959$2,507$1,298
16 years$4,426$3,746$3,157$2,650$2,216$1,087
17 years$4,122$3,450$2,873$2,381$1,965$913
18 years$3,853$3,188$2,622$2,145$1,747$768
19 years$3,612$2,955$2,401$1,939$1,557$647
20 years$3,395$2,746$2,203$1,756$1,391$546
21 years$3,200$2,558$2,026$1,593$1,245$461
22 years$3,022$2,387$1,868$1,449$1,116$390
23 years$2,860$2,233$1,725$1,319$1,001$330
24 years$2,712$2,092$1,595$1,203$900$279
25 years$2,576$1,963$1,477$1,099$810$236
26 years$2,450$1,845$1,370$1,005$730$200
27 years$2,334$1,736$1,272$920$658$170
28 years$2,227$1,636$1,183$843$594$144
29 years$2,127$1,544$1,101$773$536$122
30 years$2,034$1,458$1,025$709$484$104
31 years$1,947$1,378$956$651$438$88
32 years$1,865$1,304$892$599$396$75
33 years$1,789$1,235$833$550$358$63
34 years$1,717$1,170$778$507$325$54
35 years$1,650$1,110$727$466$294$46
36 years$1,587$1,054$680$429$266$39
37 years$1,527$1,001$637$396$241$33
38 years$1,470$951$596$365$219$28
39 years$1,417$904$559$336$198$24
40 years$1,366$860$524$310$180$20
41 years$1,318$819$491$286$163$17
42 years$1,272$780$461$264$148$15
43 years$1,228$743$432$244$134$12
44 years$1,187$708$406$225$122$11
45 years$1,147$676$381$208$111$9
46 years$1,110$644$358$192$101$8
47 years$1,074$615$336$177$91$6
48 years$1,040$587$316$164$83$5
49 years$1,007$561$297$151$75$5
50 years$975$536$279$140$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $999,000, adding $6,838 every year, while hoping to spend $29,716 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: 75/17/8 Blend
49$999,000$999,000$999,000$999,000
50$1,107,951$1,055,004$1,039,520$1,189,191
51$1,189,345$1,075,082$1,042,726$1,263,692
52$1,278,044$1,095,147$1,045,044$1,340,860
53$1,374,764$1,115,169$1,046,412$1,424,572
54$1,480,290$1,135,112$1,046,766$1,515,467
55$1,595,485$1,154,938$1,046,039$1,614,248
56$1,721,304$1,174,609$1,044,161$1,721,688
57$1,858,793$1,194,081$1,041,056$1,838,640
58$2,009,106$1,213,307$1,036,647$1,966,043
59$2,173,513$1,232,238$1,030,854$2,104,931
60$2,353,414$1,250,820$1,023,590$2,256,443
61$2,550,348$1,268,996$1,014,766$2,421,836
62$2,766,011$1,286,704$1,004,288$2,602,492
63$3,002,271$1,303,880$992,058$2,799,935
64$3,261,184$1,320,451$977,974$3,015,845
65$3,545,016$1,336,345$961,927$3,252,070
66$3,856,262$1,351,479$943,806$3,510,649
67$4,197,668$1,365,770$923,491$3,793,829
68$4,572,262$1,379,124$900,860$4,104,085
69$4,983,377$1,391,446$875,783$4,444,143
70$5,434,686$1,402,631$848,126$4,817,010
71$5,930,233$1,412,568$817,747$5,225,997
72$6,474,473$1,421,141$784,498$5,674,753
73$7,072,316$1,428,223$748,225$6,167,301
74$7,729,168$1,433,682$708,767$6,708,073
75$8,450,987$1,437,376$665,954$7,301,953
76$9,244,334$1,439,155$619,611$7,954,324
77$10,116,441$1,438,858$569,552$8,671,117
78$11,075,271$1,436,315$515,586$9,458,871
79$12,129,602$1,431,348$457,511$10,324,789
80$13,289,101$1,423,763$395,117$11,276,811
81$14,564,420$1,413,358$328,184$12,323,687
82$15,967,297$1,399,919$256,484$13,475,061
83$17,510,662$1,383,216$179,777$14,741,559
84$19,208,763$1,363,007$97,814$16,134,895
85$21,077,300$1,339,037$10,333$17,667,975
86$23,133,568$1,311,034$0$19,355,026
87$25,396,627$1,278,709$0$21,218,810
88$27,887,475$1,241,758$0$23,270,922
89$30,629,253$1,199,860$0$25,529,545
90$33,647,456$1,152,672$0$28,015,690
91$36,970,177$1,099,833$0$30,752,512
92$40,628,371$1,040,962$0$33,765,528
93$44,656,150$975,654$0$37,082,858
94$49,091,098$903,481$0$40,735,490
95$53,974,632$823,994$0$44,757,574
96$59,352,387$736,712$0$49,186,743
97$65,274,653$641,133$0$54,064,470
98$71,796,841$536,723$0$59,436,459
99$78,980,015$422,918$0$65,353,078
100$86,891,458$299,123$0$71,869,831