Can I retire at age 50 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$80,597$79,879$79,179$78,495$77,828$75,792
2 years$39,900$39,156$38,436$37,738$37,061$35,024
3 years$26,336$25,589$24,871$24,179$23,513$21,539
4 years$19,555$18,811$18,100$17,420$16,770$14,873
5 years$15,487$14,748$14,046$13,380$12,748$10,934
6 years$12,777$12,043$11,351$10,700$10,087$8,358
7 years$10,841$10,113$9,433$8,797$8,203$6,559
8 years$9,390$8,669$8,000$7,380$6,806$5,245
9 years$8,262$7,548$6,890$6,286$5,731$4,253
10 years$7,361$6,653$6,007$5,418$4,883$3,486
11 years$6,623$5,923$5,289$4,716$4,200$2,881
12 years$6,009$5,316$4,693$4,136$3,639$2,397
13 years$5,490$4,804$4,193$3,652$3,174$2,005
14 years$5,046$4,367$3,768$3,242$2,782$1,684
15 years$4,661$3,989$3,402$2,891$2,450$1,420
16 years$4,324$3,660$3,084$2,589$2,165$1,200
17 years$4,027$3,371$2,806$2,326$1,920$1,017
18 years$3,764$3,115$2,562$2,096$1,707$864
19 years$3,529$2,887$2,345$1,894$1,521$735
20 years$3,317$2,682$2,152$1,715$1,359$626
21 years$3,126$2,499$1,980$1,557$1,216$534
22 years$2,952$2,332$1,825$1,415$1,090$456
23 years$2,794$2,181$1,685$1,289$978$390
24 years$2,649$2,044$1,558$1,176$879$334
25 years$2,516$1,918$1,443$1,074$791$285
26 years$2,394$1,803$1,338$982$713$244
27 years$2,280$1,697$1,243$899$643$209
28 years$2,175$1,599$1,155$823$580$179
29 years$2,078$1,508$1,075$755$524$154
30 years$1,987$1,424$1,002$693$473$132
31 years$1,902$1,346$934$636$428$113
32 years$1,822$1,274$871$585$387$97
33 years$1,748$1,206$813$538$350$83
34 years$1,678$1,143$760$495$317$72
35 years$1,612$1,085$711$456$287$61
36 years$1,550$1,029$665$420$260$53
37 years$1,492$978$622$387$236$45
38 years$1,436$929$583$356$214$39
39 years$1,384$884$546$329$194$33
40 years$1,334$841$512$303$176$29
41 years$1,287$800$480$280$160$25
42 years$1,243$762$450$258$145$21
43 years$1,200$726$422$238$131$18
44 years$1,160$692$396$220$119$16
45 years$1,121$660$372$203$108$13
46 years$1,084$630$350$188$98$12
47 years$1,049$601$328$173$89$10
48 years$1,016$574$309$160$81$8
49 years$984$548$290$148$74$7
50 years$953$523$273$137$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $976,000, adding $3,400 every year, while hoping to spend $36,882 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: 45/38/17 Blend
49$976,000$976,000$976,000$976,000
50$1,079,059$1,027,331$1,012,203$1,122,213
51$1,149,881$1,038,428$1,006,870$1,163,822
52$1,226,691$1,048,833$1,000,122$1,204,960
53$1,310,060$1,058,472$991,872$1,248,786
54$1,400,617$1,067,269$982,031$1,295,563
55$1,499,055$1,075,140$970,504$1,345,586
56$1,606,134$1,081,997$957,191$1,399,179
57$1,722,691$1,087,747$941,989$1,456,702
58$1,849,649$1,092,289$924,789$1,518,553
59$1,988,020$1,095,519$905,476$1,585,174
60$2,138,921$1,097,322$883,933$1,657,050
61$2,303,580$1,097,579$860,033$1,734,723
62$2,483,348$1,096,164$833,647$1,818,788
63$2,679,714$1,092,940$804,639$1,909,907
64$2,894,315$1,087,765$772,865$2,008,808
65$3,128,957$1,080,487$738,177$2,116,301
66$3,385,623$1,070,943$700,419$2,233,278
67$3,666,501$1,058,964$659,427$2,360,726
68$3,973,998$1,044,367$615,032$2,499,738
69$4,310,766$1,026,961$567,056$2,651,520
70$4,679,723$1,006,542$515,312$2,817,407
71$5,084,086$982,893$459,606$2,998,873
72$5,527,395$955,788$399,735$3,197,548
73$6,013,551$924,983$335,488$3,415,232
74$6,546,850$890,223$266,643$3,653,914
75$7,132,022$851,238$192,969$3,915,794
76$7,774,279$807,740$114,225$4,203,298
77$8,479,363$759,426$30,158$4,519,109
78$9,253,597$705,977$0$4,866,188
79$10,103,946$647,052$0$5,258,611
80$11,038,086$582,295$0$5,695,726
81$12,064,469$511,326$0$6,176,100
82$13,192,409$433,745$0$6,704,189
83$14,432,166$349,129$0$7,284,914
84$15,795,043$257,033$0$7,923,702
85$17,293,494$156,984$0$8,626,539
86$18,941,238$48,484$0$9,400,031
87$20,753,393$0$0$10,251,464
88$22,746,612$0$0$11,217,724
89$24,939,244$0$0$12,303,088
90$27,351,509$0$0$13,497,305
91$30,005,681$0$0$14,811,420
92$32,926,304$0$0$16,257,602
93$36,140,422$0$0$17,849,261
94$39,677,833$0$0$19,601,171
95$43,571,370$0$0$21,529,611
96$47,857,208$0$0$23,652,519
97$52,575,211$0$0$25,989,661
98$57,769,302$0$0$28,562,816
99$63,487,881$0$0$31,395,982
100$69,784,276$0$0$34,515,603