Can I retire at age 50 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$80,515$79,797$79,098$78,415$77,748$77,129
2 years$39,859$39,116$38,397$37,699$37,023$36,399
3 years$26,309$25,563$24,845$24,154$23,489$22,879
4 years$19,535$18,791$18,081$17,402$16,752$16,162
5 years$15,472$14,733$14,032$13,366$12,735$12,165
6 years$12,764$12,030$11,340$10,689$10,077$9,528
7 years$10,830$10,103$9,423$8,788$8,195$7,668
8 years$9,381$8,660$7,992$7,372$6,799$6,294
9 years$8,254$7,540$6,883$6,279$5,725$5,242
10 years$7,353$6,646$6,001$5,413$4,878$4,416
11 years$6,617$5,917$5,283$4,711$4,196$3,755
12 years$6,003$5,311$4,689$4,132$3,636$3,215
13 years$5,485$4,799$4,189$3,648$3,170$2,770
14 years$5,040$4,362$3,764$3,238$2,779$2,399
15 years$4,656$3,985$3,398$2,888$2,447$2,086
16 years$4,320$3,656$3,081$2,586$2,163$1,820
17 years$4,023$3,367$2,804$2,323$1,918$1,593
18 years$3,760$3,112$2,559$2,094$1,705$1,398
19 years$3,525$2,884$2,343$1,892$1,520$1,229
20 years$3,314$2,680$2,150$1,714$1,357$1,083
21 years$3,123$2,496$1,978$1,555$1,215$956
22 years$2,949$2,330$1,823$1,414$1,089$845
23 years$2,791$2,179$1,683$1,288$977$748
24 years$2,647$2,042$1,557$1,174$879$662
25 years$2,514$1,916$1,442$1,073$791$587
26 years$2,391$1,801$1,337$981$712$521
27 years$2,278$1,695$1,242$898$642$463
28 years$2,173$1,597$1,154$822$579$412
29 years$2,076$1,507$1,074$754$523$366
30 years$1,985$1,423$1,000$692$473$326
31 years$1,900$1,345$933$636$427$290
32 years$1,820$1,273$870$584$387$258
33 years$1,746$1,205$813$537$350$230
34 years$1,676$1,142$759$494$317$205
35 years$1,610$1,083$710$455$287$183
36 years$1,549$1,028$664$419$260$163
37 years$1,490$977$622$386$236$146
38 years$1,435$928$582$356$214$130
39 years$1,383$883$545$328$194$116
40 years$1,333$840$511$303$176$103
41 years$1,286$799$479$279$159$92
42 years$1,241$761$450$258$145$82
43 years$1,199$725$422$238$131$74
44 years$1,158$691$396$220$119$66
45 years$1,120$659$372$203$108$59
46 years$1,083$629$349$187$98$52
47 years$1,048$600$328$173$89$47
48 years$1,015$573$308$160$81$42
49 years$983$547$290$148$74$37
50 years$952$523$272$137$67$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $975,000, adding $5,761 every year, while hoping to spend $22,727 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: 61/27/12 Blend
49$975,000$975,000$975,000$975,000
50$1,080,392$1,028,717$1,013,605$1,142,860
51$1,166,411$1,054,943$1,023,379$1,211,718
52$1,260,442$1,081,692$1,032,720$1,283,722
53$1,363,278$1,108,967$1,041,587$1,361,738
54$1,475,794$1,136,767$1,049,941$1,446,347
55$1,598,949$1,165,093$1,057,739$1,538,191
56$1,733,805$1,193,945$1,064,935$1,637,976
57$1,881,526$1,223,321$1,071,484$1,746,481
58$2,043,397$1,253,220$1,077,334$1,864,560
59$2,220,832$1,283,636$1,082,434$1,993,158
60$2,415,390$1,314,568$1,086,728$2,133,315
61$2,628,786$1,346,007$1,090,159$2,286,174
62$2,862,909$1,377,949$1,092,667$2,452,997
63$3,119,842$1,410,384$1,094,187$2,635,172
64$3,401,876$1,443,304$1,094,653$2,834,231
65$3,711,538$1,476,696$1,093,994$3,051,859
66$4,051,610$1,510,549$1,092,138$3,289,913
67$4,425,156$1,544,848$1,089,007$3,550,441
68$4,835,553$1,579,576$1,084,519$3,835,696
69$5,286,519$1,614,716$1,078,591$4,148,165
70$5,782,153$1,650,246$1,071,133$4,490,584
71$6,326,969$1,686,144$1,062,052$4,865,971
72$6,925,939$1,722,385$1,051,250$5,277,648
73$7,584,544$1,758,940$1,038,625$5,729,279
74$8,308,819$1,795,780$1,024,071$6,224,900
75$9,105,415$1,832,870$1,007,475$6,768,958
76$9,981,662$1,870,175$988,719$7,366,356
77$10,945,631$1,907,653$967,680$8,022,492
78$12,006,219$1,945,262$944,232$8,743,320
79$13,173,227$1,982,953$918,237$9,535,398
80$14,457,455$2,020,677$889,557$10,405,953
81$15,870,802$2,058,376$858,043$11,362,951
82$17,426,378$2,095,991$823,543$12,415,170
83$19,138,632$2,133,458$785,894$13,572,281
84$21,023,480$2,170,705$744,929$14,844,946
85$23,098,463$2,207,657$700,472$16,244,912
86$25,382,907$2,244,234$652,340$17,785,126
87$27,898,110$2,280,348$600,339$19,479,854
88$30,667,537$2,315,905$544,270$21,344,820
89$33,717,046$2,350,804$483,924$23,397,352
90$37,075,130$2,384,938$419,080$25,656,545
91$40,773,184$2,418,192$349,511$28,143,445
92$44,845,807$2,450,441$274,977$30,881,243
93$49,331,121$2,481,554$195,230$33,895,499
94$54,271,134$2,511,390$110,010$37,214,378
95$59,712,139$2,539,796$19,044$40,868,924
96$65,705,144$2,566,613$0$44,893,345
97$72,306,360$2,591,669$0$49,335,334
98$79,577,729$2,614,780$0$54,229,697
99$87,587,504$2,635,752$0$59,619,822
100$96,410,901$2,654,375$0$65,556,211