Can I retire at age 50 with 983,000?

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 $983,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$81,175$80,452$79,747$79,058$78,386$75,968
2 years$40,186$39,437$38,712$38,009$37,327$34,912
3 years$26,524$25,773$25,049$24,353$23,682$21,345
4 years$19,695$18,946$18,229$17,545$16,890$14,650
5 years$15,599$14,854$14,147$13,476$12,839$10,703
6 years$12,868$12,129$11,433$10,777$10,159$8,127
7 years$10,919$10,186$9,501$8,860$8,262$6,335
8 years$9,458$8,731$8,057$7,433$6,854$5,030
9 years$8,322$7,602$6,940$6,331$5,772$4,049
10 years$7,413$6,701$6,050$5,457$4,918$3,294
11 years$6,671$5,965$5,327$4,750$4,230$2,701
12 years$6,052$5,354$4,727$4,166$3,666$2,230
13 years$5,530$4,839$4,223$3,678$3,196$1,850
14 years$5,082$4,398$3,795$3,265$2,802$1,541
15 years$4,694$4,018$3,426$2,912$2,467$1,288
16 years$4,355$3,686$3,106$2,607$2,180$1,080
17 years$4,056$3,395$2,827$2,342$1,933$907
18 years$3,791$3,137$2,580$2,111$1,719$764
19 years$3,554$2,907$2,362$1,907$1,532$644
20 years$3,341$2,702$2,168$1,728$1,369$544
21 years$3,148$2,517$1,994$1,568$1,225$459
22 years$2,974$2,349$1,838$1,426$1,098$389
23 years$2,814$2,197$1,697$1,298$985$329
24 years$2,668$2,059$1,569$1,184$886$279
25 years$2,534$1,932$1,454$1,081$797$236
26 years$2,411$1,816$1,348$989$718$200
27 years$2,297$1,709$1,252$905$647$170
28 years$2,191$1,610$1,164$829$584$144
29 years$2,093$1,519$1,083$760$527$123
30 years$2,001$1,434$1,009$698$477$104
31 years$1,915$1,356$940$641$431$88
32 years$1,835$1,283$877$589$390$75
33 years$1,760$1,215$819$542$353$64
34 years$1,690$1,152$765$498$319$54
35 years$1,624$1,092$716$459$289$46
36 years$1,561$1,037$669$423$262$39
37 years$1,502$985$627$389$238$33
38 years$1,447$936$587$359$215$28
39 years$1,394$890$550$331$195$24
40 years$1,344$847$515$305$177$20
41 years$1,297$806$483$282$161$17
42 years$1,252$768$453$260$146$15
43 years$1,209$731$425$240$132$13
44 years$1,168$697$399$221$120$11
45 years$1,129$665$375$205$109$9
46 years$1,092$634$352$189$99$8
47 years$1,057$605$331$175$90$7
48 years$1,023$578$311$161$82$6
49 years$991$552$292$149$74$5
50 years$960$527$275$138$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $983,000, adding $3,475 every year, while hoping to spend $35,943 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: 68/15/17 Blend
49$983,000$983,000$983,000$983,000
50$1,086,850$1,034,751$1,019,515$1,156,089
51$1,159,466$1,047,211$1,015,426$1,215,193
52$1,238,284$1,059,077$1,009,995$1,275,268
53$1,323,899$1,070,281$1,003,139$1,340,085
54$1,416,964$1,080,753$994,772$1,410,108
55$1,518,200$1,090,416$984,803$1,485,848
56$1,628,399$1,099,188$973,136$1,567,869
57$1,748,431$1,106,984$959,671$1,656,793
58$1,879,255$1,113,710$944,304$1,753,306
59$2,021,926$1,119,269$926,926$1,858,163
60$2,177,607$1,123,557$907,422$1,972,199
61$2,347,574$1,126,463$885,672$2,096,332
62$2,533,235$1,127,868$861,550$2,231,577
63$2,736,138$1,127,647$834,926$2,379,053
64$2,957,991$1,125,668$805,662$2,539,991
65$3,200,669$1,121,789$773,615$2,715,752
66$3,466,241$1,115,860$738,635$2,907,836
67$3,756,983$1,107,723$700,564$3,117,895
68$4,075,402$1,097,208$659,240$3,347,753
69$4,424,259$1,084,137$614,490$3,599,422
70$4,806,594$1,068,320$566,136$3,875,117
71$5,225,755$1,049,557$513,991$4,177,285
72$5,685,431$1,027,634$457,858$4,508,621
73$6,189,683$1,002,327$397,535$4,872,097
74$6,742,986$973,396$332,807$5,270,992
75$7,350,267$940,588$263,453$5,708,919
76$8,016,955$903,638$189,239$6,189,864
77$8,749,029$862,261$109,924$6,718,221
78$9,553,077$816,159$25,253$7,298,834
79$10,436,355$765,014$0$7,937,045
80$11,406,856$708,493$0$8,650,553
81$12,473,387$646,241$0$9,439,697
82$13,645,650$577,884$0$10,307,103
83$14,934,332$503,027$0$11,260,718
84$16,351,211$421,252$0$12,309,299
85$17,909,259$332,117$0$13,462,500
86$19,622,769$235,157$0$14,730,957
87$21,507,491$129,879$0$16,126,394
88$23,580,775$15,763$0$17,661,731
89$25,861,739$0$0$19,351,207
90$28,371,447$0$0$21,228,298
91$31,133,107$0$0$23,296,764
92$34,172,291$0$0$25,573,163
93$37,517,176$0$0$28,078,609
94$41,198,807$0$0$30,836,365
95$45,251,393$0$0$33,872,065
96$49,712,628$0$0$37,213,954
97$54,624,045$0$0$40,893,154
98$60,031,409$0$0$44,943,959
99$65,985,149$0$0$49,404,157
100$72,540,833$0$0$54,315,386