Can I retire at age 50 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$80,102$79,388$78,692$78,013$77,349$76,765
2 years$39,654$38,916$38,200$37,506$36,833$36,244
3 years$26,174$25,432$24,718$24,030$23,368$22,793
4 years$19,435$18,695$17,988$17,313$16,666$16,109
5 years$15,392$14,657$13,960$13,298$12,670$12,132
6 years$12,698$11,969$11,282$10,634$10,025$9,507
7 years$10,775$10,051$9,375$8,743$8,153$7,656
8 years$9,333$8,616$7,951$7,334$6,764$6,287
9 years$8,212$7,502$6,848$6,247$5,696$5,240
10 years$7,315$6,612$5,970$5,385$4,853$4,417
11 years$6,583$5,887$5,256$4,687$4,174$3,757
12 years$5,972$5,283$4,665$4,111$3,617$3,220
13 years$5,456$4,775$4,168$3,629$3,154$2,776
14 years$5,015$4,340$3,745$3,222$2,765$2,405
15 years$4,632$3,965$3,381$2,873$2,434$2,093
16 years$4,297$3,638$3,065$2,573$2,152$1,827
17 years$4,003$3,350$2,789$2,311$1,908$1,600
18 years$3,741$3,096$2,546$2,083$1,696$1,405
19 years$3,507$2,869$2,331$1,882$1,512$1,237
20 years$3,297$2,666$2,139$1,705$1,350$1,090
21 years$3,107$2,483$1,968$1,547$1,209$963
22 years$2,934$2,318$1,814$1,407$1,083$852
23 years$2,777$2,168$1,674$1,281$972$754
24 years$2,633$2,031$1,549$1,168$874$669
25 years$2,501$1,906$1,434$1,067$786$594
26 years$2,379$1,792$1,330$976$708$527
27 years$2,266$1,686$1,235$893$639$469
28 years$2,162$1,589$1,148$818$576$417
29 years$2,065$1,499$1,069$750$520$371
30 years$1,975$1,415$995$689$470$331
31 years$1,890$1,338$928$632$425$295
32 years$1,811$1,266$866$581$385$263
33 years$1,737$1,199$808$535$348$234
34 years$1,668$1,136$755$492$315$209
35 years$1,602$1,078$706$453$285$186
36 years$1,541$1,023$661$417$259$166
37 years$1,482$972$618$384$234$149
38 years$1,427$923$579$354$212$133
39 years$1,375$878$542$326$193$118
40 years$1,326$835$508$301$175$106
41 years$1,279$795$477$278$159$95
42 years$1,235$757$447$256$144$84
43 years$1,193$722$420$237$131$75
44 years$1,152$688$394$219$119$67
45 years$1,114$656$370$202$108$60
46 years$1,078$626$347$186$98$54
47 years$1,043$597$326$172$89$48
48 years$1,009$570$307$159$81$43
49 years$978$544$288$147$73$38
50 years$947$520$271$136$66$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $970,000, adding $4,211 every year, while hoping to spend $55,474 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: 47/46/7 Blend
49$970,000$970,000$970,000$970,000
50$1,073,284$1,021,874$1,006,839$1,121,515
51$1,123,735$1,012,922$981,544$1,146,111
52$1,177,472$1,001,672$953,542$1,166,625
53$1,234,774$987,952$922,685$1,187,590
54$1,295,941$971,583$888,816$1,209,066
55$1,361,308$952,371$851,771$1,231,120
56$1,431,236$930,112$811,381$1,253,830
57$1,506,127$904,592$767,467$1,277,285
58$1,586,417$875,582$719,842$1,301,589
59$1,672,586$842,840$668,311$1,326,861
60$1,765,161$806,111$612,671$1,353,235
61$1,864,722$765,125$552,710$1,380,865
62$1,971,902$719,595$488,204$1,409,925
63$2,087,400$669,218$418,923$1,440,616
64$2,211,981$613,676$344,623$1,473,161
65$2,346,486$552,629$265,051$1,507,815
66$2,491,841$485,722$179,943$1,544,867
67$2,649,061$412,575$89,024$1,584,639
68$2,819,265$332,790$0$1,627,498
69$3,003,678$245,945$0$1,674,453
70$3,203,653$151,596$0$1,732,502
71$3,420,674$49,272$0$1,795,532
72$3,656,373$0$0$1,864,149
73$3,912,548$0$0$1,970,172
74$4,191,174$0$0$2,112,711
75$4,494,426$0$0$2,267,948
76$4,824,695$0$0$2,437,121
77$5,184,615$0$0$2,621,592
78$5,577,083$0$0$2,822,859
79$6,005,287$0$0$3,042,572
80$6,472,737$0$0$3,282,547
81$6,983,296$0$0$3,544,783
82$7,541,218$0$0$3,831,481
83$8,151,186$0$0$4,145,064
84$8,818,354$0$0$4,488,199
85$9,548,399$0$0$4,863,824
86$10,347,573$0$0$5,275,175
87$11,222,756$0$0$5,725,814
88$12,181,530$0$0$6,219,664
89$13,232,242$0$0$6,761,046
90$14,384,084$0$0$7,354,719
91$15,647,182$0$0$8,005,924
92$17,032,688$0$0$8,720,433
93$18,552,884$0$0$9,504,607
94$20,221,301$0$0$10,365,450
95$22,052,840$0$0$11,310,676
96$24,063,919$0$0$12,348,786
97$26,272,622$0$0$13,489,143
98$28,698,868$0$0$14,742,060
99$31,364,605$0$0$16,118,902
100$34,294,008$0$0$17,632,185