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%14%
1 years$80,515$79,797$79,098$78,415$77,748$76,460
2 years$39,859$39,116$38,397$37,699$37,023$35,729
3 years$26,309$25,563$24,845$24,154$23,489$22,229
4 years$19,535$18,791$18,081$17,402$16,752$15,537
5 years$15,472$14,733$14,032$13,366$12,735$11,567
6 years$12,764$12,030$11,340$10,689$10,077$8,958
7 years$10,830$10,103$9,423$8,788$8,195$7,125
8 years$9,381$8,660$7,992$7,372$6,799$5,778
9 years$8,254$7,540$6,883$6,279$5,725$4,753
10 years$7,353$6,646$6,001$5,413$4,878$3,954
11 years$6,617$5,917$5,283$4,711$4,196$3,318
12 years$6,003$5,311$4,689$4,132$3,636$2,804
13 years$5,485$4,799$4,189$3,648$3,170$2,383
14 years$5,040$4,362$3,764$3,238$2,779$2,035
15 years$4,656$3,985$3,398$2,888$2,447$1,744
16 years$4,320$3,656$3,081$2,586$2,163$1,500
17 years$4,023$3,367$2,804$2,323$1,918$1,293
18 years$3,760$3,112$2,559$2,094$1,705$1,118
19 years$3,525$2,884$2,343$1,892$1,520$968
20 years$3,314$2,680$2,150$1,714$1,357$840
21 years$3,123$2,496$1,978$1,555$1,215$730
22 years$2,949$2,330$1,823$1,414$1,089$635
23 years$2,791$2,179$1,683$1,288$977$553
24 years$2,647$2,042$1,557$1,174$879$482
25 years$2,514$1,916$1,442$1,073$791$420
26 years$2,391$1,801$1,337$981$712$367
27 years$2,278$1,695$1,242$898$642$321
28 years$2,173$1,597$1,154$822$579$280
29 years$2,076$1,507$1,074$754$523$245
30 years$1,985$1,423$1,000$692$473$214
31 years$1,900$1,345$933$636$427$188
32 years$1,820$1,273$870$584$387$164
33 years$1,746$1,205$813$537$350$144
34 years$1,676$1,142$759$494$317$126
35 years$1,610$1,083$710$455$287$110
36 years$1,549$1,028$664$419$260$97
37 years$1,490$977$622$386$236$85
38 years$1,435$928$582$356$214$74
39 years$1,383$883$545$328$194$65
40 years$1,333$840$511$303$176$57
41 years$1,286$799$479$279$159$50
42 years$1,241$761$450$258$145$44
43 years$1,199$725$422$238$131$38
44 years$1,158$691$396$220$119$34
45 years$1,120$659$372$203$108$30
46 years$1,083$629$349$187$98$26
47 years$1,048$600$328$173$89$23
48 years$1,015$573$308$160$81$20
49 years$983$547$290$148$74$17
50 years$952$523$272$137$67$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $975,000, adding $6,400 every year, while hoping to spend $24,545 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: 63/7/30 Blend
49$975,000$975,000$975,000$975,000
50$1,081,052$1,029,377$1,014,264$1,140,077
51$1,165,203$1,053,700$1,022,126$1,205,268
52$1,257,116$1,078,393$1,029,429$1,273,220
53$1,357,554$1,103,448$1,036,128$1,346,934
54$1,467,363$1,128,854$1,042,176$1,426,978
55$1,587,469$1,154,603$1,047,524$1,513,982
56$1,718,894$1,180,683$1,052,120$1,608,638
57$1,862,765$1,207,079$1,055,909$1,711,709
58$2,020,319$1,233,778$1,058,834$1,824,037
59$2,192,921$1,260,763$1,060,835$1,946,549
60$2,382,075$1,288,016$1,061,849$2,080,268
61$2,589,435$1,315,517$1,061,809$2,226,322
62$2,816,823$1,343,244$1,060,646$2,385,951
63$3,066,249$1,371,172$1,058,287$2,560,527
64$3,339,922$1,399,276$1,054,655$2,751,557
65$3,640,279$1,427,525$1,049,671$2,960,708
66$3,970,002$1,455,888$1,043,249$3,189,812
67$4,332,047$1,484,331$1,035,303$3,440,892
68$4,729,669$1,512,817$1,025,739$3,716,176
69$5,166,455$1,541,305$1,014,461$4,018,123
70$5,646,356$1,569,751$1,001,368$4,349,440
71$6,173,723$1,598,108$986,353$4,713,112
72$6,753,352$1,626,325$969,305$5,112,430
73$7,390,526$1,654,346$950,108$5,551,023
74$8,091,063$1,682,113$928,641$6,032,888
75$8,861,377$1,709,562$904,776$6,562,432
76$9,708,531$1,736,624$878,379$7,144,515
77$10,640,309$1,763,226$849,313$7,784,491
78$11,665,285$1,789,289$817,429$8,488,263
79$12,792,908$1,814,729$782,577$9,262,336
80$14,033,589$1,839,454$744,598$10,113,884
81$15,398,797$1,863,369$703,323$11,050,809
82$16,901,170$1,886,370$658,580$12,081,825
83$18,554,633$1,908,346$610,187$13,216,535
84$20,374,530$1,929,180$557,953$14,465,524
85$22,377,768$1,948,745$501,680$15,840,459
86$24,582,975$1,966,908$441,160$17,354,199
87$27,010,676$1,983,525$376,178$19,020,917
88$29,683,491$1,998,443$306,506$20,856,234
89$32,626,342$2,011,501$231,908$22,877,369
90$35,866,689$2,022,526$152,138$25,103,297
91$39,434,795$2,031,333$66,938$27,554,936
92$43,364,004$2,037,728$0$30,255,335
93$47,691,057$2,041,502$0$33,237,582
94$52,456,444$2,042,434$0$36,545,365
95$57,704,778$2,040,291$0$40,188,191
96$63,485,223$2,034,822$0$44,200,173
97$69,851,952$2,025,764$0$48,618,901
98$76,864,660$2,012,836$0$53,485,799
99$84,589,131$1,995,741$0$58,846,514
100$93,097,853$1,974,163$0$64,751,347