Can I retire at age 50 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$81,093$80,370$79,666$78,978$78,306$77,911
2 years$40,145$39,397$38,673$37,970$37,289$36,889
3 years$26,497$25,747$25,024$24,328$23,657$23,267
4 years$19,675$18,926$18,211$17,527$16,873$16,494
5 years$15,583$14,839$14,132$13,462$12,826$12,460
6 years$12,855$12,117$11,421$10,766$10,149$9,796
7 years$10,908$10,176$9,491$8,851$8,254$7,915
8 years$9,448$8,722$8,049$7,425$6,847$6,522
9 years$8,313$7,594$6,933$6,325$5,767$5,454
10 years$7,406$6,694$6,044$5,452$4,913$4,614
11 years$6,664$5,959$5,321$4,745$4,226$3,940
12 years$6,046$5,349$4,722$4,162$3,662$3,389
13 years$5,524$4,834$4,219$3,674$3,193$2,933
14 years$5,077$4,394$3,791$3,262$2,799$2,551
15 years$4,689$4,014$3,423$2,909$2,465$2,229
16 years$4,351$3,683$3,103$2,604$2,178$1,954
17 years$4,052$3,392$2,824$2,340$1,931$1,718
18 years$3,787$3,134$2,578$2,109$1,717$1,515
19 years$3,550$2,904$2,360$1,906$1,531$1,339
20 years$3,338$2,699$2,166$1,726$1,367$1,186
21 years$3,145$2,514$1,992$1,566$1,223$1,052
22 years$2,971$2,347$1,836$1,424$1,097$935
23 years$2,811$2,195$1,695$1,297$984$832
24 years$2,666$2,056$1,568$1,183$885$741
25 years$2,532$1,930$1,452$1,080$796$661
26 years$2,408$1,814$1,347$988$717$589
27 years$2,294$1,707$1,251$904$647$527
28 years$2,189$1,608$1,163$828$583$471
29 years$2,090$1,517$1,082$760$527$421
30 years$1,999$1,433$1,008$697$476$377
31 years$1,913$1,355$939$640$430$337
32 years$1,834$1,282$877$588$389$302
33 years$1,759$1,214$818$541$352$271
34 years$1,688$1,150$765$498$319$243
35 years$1,622$1,091$715$458$289$218
36 years$1,560$1,036$669$422$262$195
37 years$1,501$984$626$389$237$175
38 years$1,445$935$586$358$215$157
39 years$1,392$889$549$331$195$141
40 years$1,343$846$515$305$177$127
41 years$1,295$805$483$281$161$114
42 years$1,250$767$453$260$146$102
43 years$1,207$731$425$240$132$92
44 years$1,167$696$399$221$120$82
45 years$1,128$664$374$204$109$74
46 years$1,091$633$352$189$99$67
47 years$1,056$605$330$174$90$60
48 years$1,022$577$311$161$82$54
49 years$990$551$292$149$74$48
50 years$959$526$274$138$67$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $982,000, adding $6,978 every year, while hoping to spend $29,494 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: 59/31/10 Blend
49$982,000$982,000$982,000$982,000
50$1,089,362$1,037,316$1,022,095$1,150,673
51$1,169,095$1,056,763$1,024,954$1,212,170
52$1,255,973$1,076,174$1,026,920$1,275,250
53$1,350,693$1,095,517$1,027,932$1,343,310
54$1,454,022$1,114,756$1,027,926$1,416,831
55$1,566,806$1,133,853$1,026,836$1,496,344
56$1,689,975$1,152,767$1,024,589$1,582,432
57$1,824,553$1,171,453$1,021,113$1,675,740
58$1,971,667$1,189,864$1,016,330$1,776,977
59$2,132,559$1,207,948$1,010,159$1,886,926
60$2,308,594$1,225,652$1,002,514$2,006,447
61$2,501,279$1,242,917$993,306$2,136,492
62$2,712,269$1,259,680$982,442$2,278,108
63$2,943,390$1,275,874$969,823$2,432,450
64$3,196,651$1,291,427$955,347$2,600,790
65$3,474,265$1,306,263$938,907$2,784,531
66$3,778,670$1,320,299$920,390$2,985,220
67$4,112,550$1,333,450$899,679$3,204,562
68$4,478,862$1,345,621$876,651$3,444,436
69$4,880,864$1,356,714$851,176$3,706,916
70$5,322,142$1,366,623$823,120$3,994,285
71$5,806,648$1,375,235$792,342$4,309,061
72$6,338,736$1,382,431$758,695$4,654,021
73$6,923,200$1,388,084$722,026$5,032,226
74$7,565,325$1,392,058$682,171$5,447,050
75$8,270,929$1,394,210$638,965$5,902,213
76$9,046,423$1,394,386$592,230$6,401,815
77$9,898,872$1,392,424$541,783$6,950,377
78$10,836,057$1,388,153$487,432$7,552,884
79$11,866,550$1,381,388$428,977$8,214,829
80$12,999,798$1,371,936$366,208$8,942,268
81$14,246,207$1,359,591$298,906$9,741,880
82$15,617,244$1,344,134$226,843$10,621,024
83$17,125,541$1,325,335$149,780$11,587,814
84$18,785,018$1,302,948$67,469$12,651,196
85$20,611,010$1,276,713$0$13,821,029
86$22,620,416$1,246,354$0$15,110,356
87$24,831,855$1,211,582$0$16,536,809
88$27,265,841$1,172,086$0$18,106,420
89$29,944,980$1,127,541$0$19,833,780
90$32,894,178$1,077,602$0$21,734,971
91$36,140,881$1,021,901$0$23,827,718
92$39,715,330$960,054$0$26,131,557
93$43,650,848$891,650$0$28,668,020
94$47,984,151$816,258$0$31,460,841
95$52,755,701$733,421$0$34,536,177
96$58,010,079$642,655$0$37,922,858
97$63,796,413$543,451$0$41,652,657
98$70,168,836$435,269$0$45,760,598
99$77,186,999$317,539$0$50,285,279
100$84,916,635$189,660$0$55,269,241