Can I retire at age 50 with 981,000?

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 $981,000?

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%
1 years$81,010$80,288$79,584$78,897$78,226$76,899
2 years$40,104$39,357$38,633$37,931$37,251$35,917
3 years$26,470$25,720$24,998$24,303$23,633$22,336
4 years$19,655$18,907$18,192$17,509$16,855$15,603
5 years$15,567$14,823$14,118$13,449$12,813$11,610
6 years$12,842$12,104$11,409$10,755$10,139$8,987
7 years$10,897$10,165$9,481$8,842$8,245$7,144
8 years$9,438$8,714$8,041$7,418$6,840$5,790
9 years$8,305$7,587$6,926$6,318$5,761$4,760
10 years$7,398$6,687$6,038$5,446$4,908$3,957
11 years$6,657$5,953$5,316$4,740$4,221$3,319
12 years$6,040$5,343$4,718$4,157$3,658$2,803
13 years$5,518$4,829$4,215$3,670$3,190$2,380
14 years$5,071$4,389$3,787$3,258$2,796$2,031
15 years$4,684$4,010$3,419$2,906$2,462$1,740
16 years$4,346$3,679$3,100$2,602$2,176$1,495
17 years$4,048$3,388$2,821$2,338$1,929$1,288
18 years$3,783$3,131$2,575$2,107$1,716$1,113
19 years$3,547$2,902$2,357$1,904$1,529$963
20 years$3,334$2,696$2,163$1,724$1,366$835
21 years$3,142$2,511$1,990$1,565$1,222$725
22 years$2,968$2,344$1,834$1,423$1,096$630
23 years$2,808$2,193$1,693$1,296$983$548
24 years$2,663$2,054$1,566$1,182$884$478
25 years$2,529$1,928$1,451$1,079$795$416
26 years$2,406$1,812$1,345$987$716$363
27 years$2,292$1,705$1,249$903$646$317
28 years$2,186$1,607$1,161$828$583$277
29 years$2,088$1,516$1,081$759$526$242
30 years$1,997$1,432$1,007$696$476$211
31 years$1,912$1,353$938$640$430$185
32 years$1,832$1,280$876$588$389$162
33 years$1,757$1,213$818$541$352$141
34 years$1,687$1,149$764$497$319$124
35 years$1,620$1,090$714$458$289$108
36 years$1,558$1,035$668$422$262$95
37 years$1,499$983$625$389$237$83
38 years$1,444$934$586$358$215$73
39 years$1,391$888$549$330$195$64
40 years$1,341$845$514$305$177$56
41 years$1,294$804$482$281$160$49
42 years$1,249$766$452$259$146$43
43 years$1,206$730$424$239$132$37
44 years$1,166$696$398$221$120$33
45 years$1,127$663$374$204$109$29
46 years$1,090$633$351$189$99$25
47 years$1,055$604$330$174$90$22
48 years$1,021$577$310$161$81$19
49 years$989$551$292$149$74$17
50 years$958$526$274$138$67$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $981,000, adding $3,819 every year, while hoping to spend $59,206 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: 59/16/25 Blend
49$981,000$981,000$981,000$981,000
50$1,085,001$1,033,008$1,017,803$1,141,500
51$1,132,677$1,020,631$988,904$1,168,067
52$1,183,231$1,005,663$957,054$1,190,346
53$1,236,894$987,914$922,089$1,213,381
54$1,293,920$967,185$883,842$1,237,258
55$1,354,585$943,262$842,136$1,262,076
56$1,419,191$915,920$796,786$1,287,947
57$1,488,070$884,922$747,599$1,314,997
58$1,561,585$850,014$694,375$1,343,366
59$1,640,132$810,931$636,902$1,373,215
60$1,724,148$767,389$574,961$1,404,723
61$1,814,110$719,090$508,322$1,438,090
62$1,910,543$665,719$436,744$1,473,544
63$2,014,021$606,942$359,977$1,511,337
64$2,125,174$542,405$277,760$1,551,752
65$2,244,696$471,737$189,818$1,595,106
66$2,373,345$394,542$95,868$1,641,754
67$2,511,957$310,405$0$1,692,093
68$2,661,448$218,886$0$1,747,736
69$2,822,825$119,521$0$1,835,370
70$2,997,194$11,819$0$1,930,034
71$3,185,773$0$0$2,032,430
72$3,389,896$0$0$2,161,776
73$3,611,034$0$0$2,304,224
74$3,850,802$0$0$2,458,743
75$4,110,978$0$0$2,626,487
76$4,393,513$0$0$2,808,725
77$4,700,559$0$0$3,006,852
78$5,034,479$0$0$3,222,406
79$5,397,875$0$0$3,457,075
80$5,793,607$0$0$3,712,718
81$6,224,827$0$0$3,991,382
82$6,695,000$0$0$4,295,319
83$7,207,941$0$0$4,627,007
84$7,767,848$0$0$4,989,175
85$8,379,344$0$0$5,384,826
86$9,047,516$0$0$5,817,265
87$9,777,966$0$0$6,290,134
88$10,576,862$0$0$6,807,440
89$11,450,994$0$0$7,373,596
90$12,407,839$0$0$7,993,462
91$13,455,631$0$0$8,672,389
92$14,603,437$0$0$9,416,269
93$15,861,241$0$0$10,231,593
94$17,240,042$0$0$11,125,508
95$18,751,951$0$0$12,105,886
96$20,410,307$0$0$13,181,399
97$22,229,803$0$0$14,361,596
98$24,226,624$0$0$15,656,999
99$26,418,596$0$0$17,079,193
100$28,825,357$0$0$18,640,945