Can I retire at age 50 with 979,000?

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 $979,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$80,845$80,125$79,422$78,736$78,067$76,616
2 years$40,022$39,277$38,554$37,854$37,175$35,718
3 years$26,416$25,668$24,947$24,253$23,585$22,169
4 years$19,615$18,869$18,155$17,473$16,821$15,456
5 years$15,535$14,793$14,089$13,421$12,787$11,476
6 years$12,816$12,080$11,386$10,733$10,118$8,864
7 years$10,875$10,145$9,462$8,824$8,229$7,031
8 years$9,419$8,696$8,024$7,402$6,826$5,685
9 years$8,288$7,571$6,911$6,305$5,749$4,663
10 years$7,383$6,674$6,026$5,435$4,898$3,867
11 years$6,644$5,941$5,305$4,730$4,213$3,234
12 years$6,028$5,332$4,708$4,149$3,651$2,724
13 years$5,507$4,819$4,206$3,663$3,183$2,308
14 years$5,061$4,380$3,779$3,252$2,791$1,964
15 years$4,675$4,002$3,412$2,900$2,457$1,678
16 years$4,337$3,671$3,094$2,596$2,172$1,438
17 years$4,040$3,381$2,815$2,333$1,925$1,235
18 years$3,776$3,124$2,570$2,102$1,712$1,064
19 years$3,540$2,896$2,353$1,900$1,526$918
20 years$3,327$2,691$2,159$1,721$1,363$793
21 years$3,136$2,506$1,986$1,562$1,220$687
22 years$2,961$2,340$1,830$1,420$1,093$595
23 years$2,803$2,188$1,690$1,293$981$516
24 years$2,657$2,050$1,563$1,179$882$448
25 years$2,524$1,924$1,448$1,077$794$390
26 years$2,401$1,808$1,343$985$715$339
27 years$2,287$1,702$1,247$901$645$295
28 years$2,182$1,604$1,159$826$582$256
29 years$2,084$1,513$1,079$757$525$223
30 years$1,993$1,429$1,005$695$475$195
31 years$1,908$1,351$937$638$429$170
32 years$1,828$1,278$874$587$388$148
33 years$1,753$1,210$816$539$351$129
34 years$1,683$1,147$762$496$318$112
35 years$1,617$1,088$713$457$288$98
36 years$1,555$1,033$667$421$261$86
37 years$1,496$981$624$388$237$75
38 years$1,441$932$584$357$214$65
39 years$1,388$886$548$330$194$57
40 years$1,338$843$513$304$176$50
41 years$1,291$803$481$280$160$43
42 years$1,246$764$451$259$145$38
43 years$1,204$728$424$239$132$33
44 years$1,163$694$398$221$120$29
45 years$1,125$662$373$204$109$25
46 years$1,088$632$351$188$99$22
47 years$1,052$603$329$174$90$19
48 years$1,019$575$310$161$81$17
49 years$987$549$291$148$74$15
50 years$956$525$274$137$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $979,000, adding $3,832 every year, while hoping to spend $56,846 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: 45/40/15 Blend
49$979,000$979,000$979,000$979,000
50$1,082,811$1,030,924$1,015,749$1,126,729
51$1,132,774$1,020,955$989,293$1,147,766
52$1,185,928$1,008,593$960,045$1,164,538
53$1,242,538$993,660$927,853$1,181,493
54$1,302,896$975,968$892,555$1,198,672
55$1,367,319$955,318$853,983$1,216,122
56$1,436,156$931,499$811,962$1,233,902
57$1,509,790$904,289$766,309$1,252,079
58$1,588,639$873,450$716,831$1,270,732
59$1,673,164$838,733$663,329$1,289,954
60$1,763,869$799,873$605,592$1,309,850
61$1,861,307$756,590$543,403$1,330,545
62$1,966,086$708,588$476,532$1,352,180
63$2,078,872$655,555$404,742$1,374,918
64$2,200,399$597,158$327,782$1,398,943
65$2,331,469$533,049$245,393$1,424,470
66$2,472,968$462,857$157,302$1,451,738
67$2,625,866$386,192$63,227$1,481,021
68$2,791,229$302,641$0$1,512,630
69$2,970,233$211,768$0$1,552,864
70$3,164,164$113,113$0$1,607,358
71$3,374,443$6,189$0$1,666,480
72$3,602,627$0$0$1,730,786
73$3,850,431$0$0$1,849,106
74$4,119,742$0$0$1,980,758
75$4,412,635$0$0$2,124,043
76$4,731,392$0$0$2,280,093
77$5,078,526$0$0$2,450,151
78$5,456,799$0$0$2,635,586
79$5,869,256$0$0$2,837,904
80$6,319,242$0$0$3,058,764
81$6,810,443$0$0$3,299,989
82$7,346,917$0$0$3,563,591
83$7,933,127$0$0$3,851,781
84$8,573,991$0$0$4,166,994
85$9,274,921$0$0$4,511,913
86$10,041,877$0$0$4,889,490
87$10,881,421$0$0$5,302,976
88$11,800,780$0$0$5,755,953
89$12,807,911$0$0$6,252,363
90$13,911,579$0$0$6,796,551
91$15,121,434$0$0$7,393,299
92$16,448,107$0$0$8,047,875
93$17,903,306$0$0$8,766,083
94$19,499,926$0$0$9,554,313
95$21,252,171$0$0$10,419,607
96$23,175,688$0$0$11,369,720
97$25,287,711$0$0$12,413,194
98$27,607,226$0$0$13,559,442
99$30,155,146$0$0$14,818,830
100$32,954,512$0$0$16,202,779