Can I retire at age 50 with 978,000?

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 $978,000?

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$80,762$80,043$79,341$78,656$77,987$77,626
2 years$39,981$39,237$38,515$37,815$37,137$36,772
3 years$26,389$25,642$24,922$24,229$23,561$23,204
4 years$19,595$18,849$18,137$17,455$16,804$16,458
5 years$15,519$14,778$14,075$13,407$12,774$12,440
6 years$12,803$12,067$11,375$10,722$10,108$9,785
7 years$10,863$10,134$9,452$8,815$8,220$7,910
8 years$9,410$8,687$8,016$7,395$6,820$6,522
9 years$8,279$7,563$6,904$6,299$5,743$5,457
10 years$7,376$6,667$6,019$5,430$4,893$4,620
11 years$6,637$5,935$5,299$4,725$4,208$3,947
12 years$6,022$5,327$4,703$4,145$3,647$3,397
13 years$5,501$4,814$4,202$3,659$3,180$2,942
14 years$5,056$4,376$3,775$3,248$2,788$2,561
15 years$4,670$3,997$3,409$2,897$2,455$2,238
16 years$4,333$3,668$3,091$2,594$2,169$1,964
17 years$4,036$3,378$2,812$2,331$1,923$1,728
18 years$3,772$3,121$2,567$2,100$1,710$1,525
19 years$3,536$2,893$2,350$1,898$1,524$1,349
20 years$3,324$2,688$2,157$1,719$1,362$1,195
21 years$3,132$2,504$1,984$1,560$1,219$1,061
22 years$2,958$2,337$1,828$1,418$1,092$944
23 years$2,800$2,186$1,688$1,292$980$840
24 years$2,655$2,048$1,561$1,178$881$749
25 years$2,521$1,922$1,446$1,076$793$668
26 years$2,399$1,806$1,341$984$714$597
27 years$2,285$1,700$1,245$900$644$534
28 years$2,180$1,602$1,158$825$581$477
29 years$2,082$1,511$1,077$757$525$427
30 years$1,991$1,427$1,004$694$474$383
31 years$1,906$1,349$936$638$429$343
32 years$1,826$1,277$873$586$388$307
33 years$1,751$1,209$815$539$351$276
34 years$1,681$1,146$762$496$318$247
35 years$1,615$1,087$712$456$288$222
36 years$1,553$1,032$666$420$261$199
37 years$1,495$980$623$387$236$179
38 years$1,439$931$584$357$214$161
39 years$1,387$885$547$329$194$144
40 years$1,337$842$513$304$176$130
41 years$1,290$802$481$280$160$117
42 years$1,245$764$451$259$145$105
43 years$1,203$728$423$239$132$94
44 years$1,162$694$397$220$119$85
45 years$1,123$661$373$204$108$76
46 years$1,087$631$350$188$98$69
47 years$1,051$602$329$174$89$62
48 years$1,018$575$309$160$81$55
49 years$986$549$291$148$74$50
50 years$955$524$273$137$67$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $978,000, adding $3,790 every year, while hoping to spend $20,235 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: 54/41/5 Blend
49$978,000$978,000$978,000$978,000
50$1,081,665$1,029,831$1,014,672$1,138,730
51$1,170,465$1,058,763$1,027,134$1,206,616
52$1,267,645$1,088,435$1,039,335$1,277,889
53$1,374,037$1,118,860$1,051,245$1,354,956
54$1,490,559$1,150,055$1,062,833$1,438,367
55$1,618,223$1,182,034$1,074,064$1,528,729
56$1,758,140$1,214,813$1,084,904$1,626,707
57$1,911,537$1,248,405$1,095,315$1,733,038
58$2,079,764$1,282,827$1,105,258$1,848,527
59$2,264,307$1,318,093$1,114,691$1,974,065
60$2,466,805$1,354,217$1,123,571$2,110,629
61$2,689,060$1,391,215$1,131,852$2,259,298
62$2,933,061$1,429,102$1,139,486$2,421,258
63$3,200,996$1,467,890$1,146,422$2,597,816
64$3,495,277$1,507,596$1,152,606$2,790,408
65$3,818,559$1,548,232$1,157,982$3,000,620
66$4,173,768$1,589,812$1,162,491$3,230,195
67$4,564,130$1,632,350$1,166,071$3,481,054
68$4,993,194$1,675,858$1,168,658$3,755,313
69$5,464,874$1,720,349$1,170,182$4,055,303
70$5,983,480$1,765,835$1,170,572$4,383,589
71$6,553,761$1,812,327$1,169,752$4,742,999
72$7,180,950$1,859,836$1,167,644$5,136,648
73$7,870,811$1,908,373$1,164,164$5,567,966
74$8,629,696$1,957,946$1,159,227$6,040,732
75$9,464,604$2,008,564$1,152,739$6,559,110
76$10,383,245$2,060,234$1,144,607$7,127,687
77$11,394,114$2,112,964$1,134,730$7,751,517
78$12,506,573$2,166,759$1,123,003$8,436,166
79$13,730,936$2,221,623$1,109,316$9,187,770
80$15,078,568$2,277,559$1,093,554$10,013,086
81$16,561,991$2,334,568$1,075,598$10,919,561
82$18,195,004$2,392,652$1,055,320$11,915,399
83$19,992,810$2,451,808$1,032,589$13,009,642
84$21,972,163$2,512,032$1,007,267$14,212,249
85$24,151,523$2,573,321$979,209$15,534,198
86$26,551,230$2,635,666$948,265$16,987,580
87$29,193,700$2,699,058$914,276$18,585,723
88$32,103,630$2,763,485$877,077$20,343,311
89$35,308,237$2,828,932$836,496$22,276,523
90$38,837,510$2,895,382$792,351$24,403,190
91$42,724,495$2,962,815$744,454$26,742,959
92$47,005,608$3,031,207$692,607$29,317,480
93$51,720,975$3,100,532$636,605$32,150,609
94$56,914,815$3,170,758$576,232$35,268,635
95$62,635,854$3,241,853$511,263$38,700,528
96$68,937,783$3,313,776$441,463$42,478,210
97$75,879,771$3,386,485$366,586$46,636,861
98$83,527,018$3,459,933$286,377$51,215,246
99$91,951,370$3,534,066$200,567$56,256,083
100$101,232,001$3,608,826$108,877$61,806,448