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%11.3%
1 years$80,515$79,797$79,098$78,415$77,748$77,323
2 years$39,859$39,116$38,397$37,699$37,023$36,594
3 years$26,309$25,563$24,845$24,154$23,489$23,069
4 years$19,535$18,791$18,081$17,402$16,752$16,346
5 years$15,472$14,733$14,032$13,366$12,735$12,342
6 years$12,764$12,030$11,340$10,689$10,077$9,698
7 years$10,830$10,103$9,423$8,788$8,195$7,831
8 years$9,381$8,660$7,992$7,372$6,799$6,449
9 years$8,254$7,540$6,883$6,279$5,725$5,390
10 years$7,353$6,646$6,001$5,413$4,878$4,558
11 years$6,617$5,917$5,283$4,711$4,196$3,889
12 years$6,003$5,311$4,689$4,132$3,636$3,343
13 years$5,485$4,799$4,189$3,648$3,170$2,891
14 years$5,040$4,362$3,764$3,238$2,779$2,513
15 years$4,656$3,985$3,398$2,888$2,447$2,194
16 years$4,320$3,656$3,081$2,586$2,163$1,922
17 years$4,023$3,367$2,804$2,323$1,918$1,689
18 years$3,760$3,112$2,559$2,094$1,705$1,489
19 years$3,525$2,884$2,343$1,892$1,520$1,315
20 years$3,314$2,680$2,150$1,714$1,357$1,164
21 years$3,123$2,496$1,978$1,555$1,215$1,031
22 years$2,949$2,330$1,823$1,414$1,089$916
23 years$2,791$2,179$1,683$1,288$977$814
24 years$2,647$2,042$1,557$1,174$879$725
25 years$2,514$1,916$1,442$1,073$791$646
26 years$2,391$1,801$1,337$981$712$576
27 years$2,278$1,695$1,242$898$642$514
28 years$2,173$1,597$1,154$822$579$459
29 years$2,076$1,507$1,074$754$523$410
30 years$1,985$1,423$1,000$692$473$367
31 years$1,900$1,345$933$636$427$328
32 years$1,820$1,273$870$584$387$294
33 years$1,746$1,205$813$537$350$263
34 years$1,676$1,142$759$494$317$236
35 years$1,610$1,083$710$455$287$211
36 years$1,549$1,028$664$419$260$189
37 years$1,490$977$622$386$236$170
38 years$1,435$928$582$356$214$152
39 years$1,383$883$545$328$194$136
40 years$1,333$840$511$303$176$122
41 years$1,286$799$479$279$159$110
42 years$1,241$761$450$258$145$99
43 years$1,199$725$422$238$131$88
44 years$1,158$691$396$220$119$79
45 years$1,120$659$372$203$108$71
46 years$1,083$629$349$187$98$64
47 years$1,048$600$328$173$89$57
48 years$1,015$573$308$160$81$52
49 years$983$547$290$148$74$46
50 years$952$523$272$137$67$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $975,000, adding $5,156 every year, while hoping to spend $37,485 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$975,000$975,000$975,000$975,000
50$1,079,768$1,028,093$1,012,981$1,133,049
51$1,150,021$1,038,586$1,007,032$1,180,544
52$1,226,183$1,048,337$999,628$1,227,826
53$1,308,818$1,057,269$990,679$1,278,502
54$1,398,544$1,065,303$980,094$1,332,904
55$1,496,044$1,072,351$967,776$1,391,404
56$1,602,067$1,078,322$953,622$1,454,412
57$1,717,437$1,083,119$937,528$1,522,379
58$1,843,061$1,086,638$919,381$1,595,805
59$1,979,938$1,088,768$899,065$1,675,243
60$2,129,167$1,089,392$876,458$1,761,302
61$2,291,956$1,088,386$851,433$1,854,657
62$2,469,636$1,085,618$823,857$1,956,051
63$2,663,672$1,080,947$793,590$2,066,308
64$2,875,678$1,074,224$760,486$2,186,336
65$3,107,427$1,065,292$724,393$2,317,137
66$3,360,876$1,053,982$685,151$2,459,821
67$3,638,176$1,040,118$642,594$2,615,610
68$3,941,697$1,023,511$596,548$2,785,856
69$4,274,049$1,003,961$546,831$2,972,051
70$4,638,104$981,258$493,253$3,175,841
71$5,037,029$955,178$435,615$3,399,046
72$5,474,308$925,484$373,710$3,643,673
73$5,953,780$891,925$307,321$3,911,939
74$6,479,672$854,236$236,223$4,206,289
75$7,056,642$812,136$160,180$4,529,424
76$7,689,818$765,329$78,944$4,884,323
77$8,384,849$713,500$0$5,274,277
78$9,147,960$656,318$0$5,704,568
79$9,986,006$593,432$0$6,195,633
80$10,906,539$524,470$0$6,735,088
81$11,917,877$449,041$0$7,327,873
82$13,029,187$366,730$0$7,979,432
83$14,250,564$277,100$0$8,695,771
84$15,593,132$179,688$0$9,483,509
85$17,069,147$74,008$0$10,349,946
86$18,692,108$0$0$11,303,130
87$20,476,891$0$0$12,363,062
88$22,439,886$0$0$13,551,322
89$24,599,148$0$0$14,858,491
90$26,974,572$0$0$16,296,628
91$29,588,078$0$0$17,879,015
92$32,463,817$0$0$19,620,290
93$35,628,402$0$0$21,536,579
94$39,111,152$0$0$23,645,654
95$42,944,375$0$0$25,967,093
96$47,163,670$0$0$28,522,470
97$51,808,260$0$0$31,335,558
98$56,921,366$0$0$34,432,551
99$62,550,612$0$0$37,842,310
100$68,748,473$0$0$41,596,642