Can I retire at age 50 with 971,000?

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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$80,184$79,470$78,773$78,093$77,429$77,070
2 years$39,695$38,956$38,239$37,545$36,871$36,509
3 years$26,201$25,458$24,743$24,055$23,392$23,038
4 years$19,455$18,714$18,007$17,330$16,684$16,340
5 years$15,408$14,672$13,974$13,311$12,683$12,351
6 years$12,711$11,981$11,293$10,645$10,035$9,715
7 years$10,786$10,062$9,385$8,752$8,161$7,854
8 years$9,342$8,625$7,959$7,342$6,771$6,475
9 years$8,220$7,509$6,855$6,254$5,702$5,418
10 years$7,323$6,619$5,976$5,391$4,858$4,587
11 years$6,589$5,893$5,261$4,692$4,178$3,919
12 years$5,979$5,289$4,669$4,115$3,621$3,373
13 years$5,462$4,780$4,172$3,633$3,157$2,921
14 years$5,020$4,345$3,748$3,225$2,768$2,542
15 years$4,637$3,969$3,384$2,876$2,437$2,222
16 years$4,302$3,641$3,068$2,575$2,154$1,950
17 years$4,007$3,354$2,792$2,314$1,910$1,716
18 years$3,745$3,099$2,549$2,085$1,698$1,514
19 years$3,511$2,872$2,333$1,884$1,513$1,339
20 years$3,300$2,669$2,141$1,707$1,352$1,187
21 years$3,110$2,486$1,970$1,549$1,210$1,054
22 years$2,937$2,320$1,815$1,408$1,084$937
23 years$2,780$2,170$1,676$1,282$973$834
24 years$2,636$2,033$1,550$1,170$875$743
25 years$2,503$1,908$1,436$1,068$787$663
26 years$2,381$1,793$1,332$977$709$593
27 years$2,269$1,688$1,237$894$639$530
28 years$2,164$1,590$1,150$819$577$474
29 years$2,067$1,500$1,070$751$521$424
30 years$1,977$1,417$996$689$471$380
31 years$1,892$1,339$929$633$426$340
32 years$1,813$1,267$867$582$385$305
33 years$1,739$1,200$809$535$348$274
34 years$1,669$1,138$756$492$315$246
35 years$1,604$1,079$707$453$286$220
36 years$1,542$1,024$661$417$259$198
37 years$1,484$973$619$385$235$178
38 years$1,429$924$580$354$213$160
39 years$1,377$879$543$327$193$143
40 years$1,328$836$509$301$175$129
41 years$1,281$796$477$278$159$116
42 years$1,236$758$448$257$144$104
43 years$1,194$722$420$237$131$94
44 years$1,154$689$394$219$119$84
45 years$1,115$657$370$202$108$76
46 years$1,079$626$348$187$98$68
47 years$1,044$598$327$172$89$61
48 years$1,010$571$307$159$81$55
49 years$979$545$289$147$73$50
50 years$948$521$271$136$67$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $971,000, adding $5,524 every year, while hoping to spend $41,394 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: 55/25/20 Blend
49$971,000$971,000$971,000$971,000
50$1,075,740$1,024,277$1,009,227$1,128,802
51$1,141,423$1,030,424$998,993$1,171,842
52$1,212,417$1,035,484$987,029$1,213,830
53$1,289,223$1,039,362$973,233$1,258,655
54$1,372,386$1,041,953$957,499$1,306,598
55$1,462,509$1,043,149$939,715$1,357,974
56$1,560,255$1,042,832$919,765$1,413,128
57$1,666,350$1,040,880$897,526$1,472,446
58$1,781,596$1,037,162$872,871$1,536,350
59$1,906,873$1,031,537$845,667$1,605,312
60$2,043,150$1,023,859$815,773$1,679,850
61$2,191,494$1,013,970$783,044$1,760,541
62$2,353,077$1,001,705$747,327$1,848,019
63$2,529,190$986,888$708,461$1,942,988
64$2,721,254$969,332$666,281$2,046,226
65$2,930,832$948,839$620,611$2,158,593
66$3,159,645$925,200$571,270$2,281,039
67$3,409,588$898,194$518,067$2,414,616
68$3,682,746$867,586$460,802$2,560,485
69$3,981,416$833,128$399,269$2,719,930
70$4,308,126$794,556$333,250$2,894,369
71$4,665,659$751,594$262,518$3,085,370
72$5,057,081$703,947$186,837$3,294,666
73$5,485,767$651,304$105,960$3,524,169
74$5,955,434$593,337$19,629$3,775,994
75$6,470,176$529,698$0$4,052,475
76$7,034,501$460,021$0$4,371,662
77$7,653,375$383,916$0$4,726,406
78$8,332,267$300,976$0$5,115,722
79$9,077,201$210,766$0$5,543,147
80$9,894,811$112,829$0$6,012,582
81$10,792,408$6,684$0$6,528,329
82$11,778,042$0$0$7,095,136
83$12,860,581$0$0$7,747,995
84$14,049,797$0$0$8,467,304
85$15,356,453$0$0$9,257,747
86$16,792,404$0$0$10,126,509
87$18,370,715$0$0$11,081,505
88$20,105,777$0$0$12,131,457
89$22,013,444$0$0$13,285,973
90$24,111,185$0$0$14,555,637
91$26,418,245$0$0$15,952,115
92$28,955,828$0$0$17,488,255
93$31,747,297$0$0$19,178,215
94$34,818,392$0$0$21,037,595
95$38,197,474$0$0$23,083,583
96$41,915,792$0$0$25,335,116
97$46,007,777$0$0$27,813,062
98$50,511,366$0$0$30,540,412
99$55,468,362$0$0$33,542,499
100$60,924,823$0$0$36,847,239