Can I retire at age 50 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$81,258$80,534$79,828$79,139$78,466$75,893
2 years$40,227$39,477$38,751$38,047$37,365$34,797
3 years$26,551$25,799$25,075$24,377$23,706$21,224
4 years$19,715$18,965$18,248$17,562$16,907$14,531
5 years$15,614$14,869$14,161$13,490$12,852$10,587
6 years$12,881$12,141$11,444$10,788$10,170$8,018
7 years$10,930$10,196$9,510$8,869$8,271$6,231
8 years$9,467$8,740$8,065$7,440$6,861$4,933
9 years$8,330$7,610$6,947$6,337$5,778$3,959
10 years$7,421$6,708$6,056$5,463$4,923$3,211
11 years$6,678$5,972$5,332$4,754$4,234$2,625
12 years$6,059$5,360$4,732$4,170$3,669$2,159
13 years$5,535$4,844$4,228$3,682$3,200$1,785
14 years$5,087$4,403$3,799$3,268$2,805$1,482
15 years$4,699$4,022$3,430$2,915$2,470$1,235
16 years$4,359$3,690$3,109$2,610$2,183$1,031
17 years$4,060$3,398$2,829$2,345$1,935$863
18 years$3,795$3,140$2,583$2,113$1,721$724
19 years$3,558$2,910$2,365$1,909$1,534$608
20 years$3,344$2,704$2,170$1,729$1,370$511
21 years$3,152$2,519$1,996$1,569$1,226$431
22 years$2,977$2,351$1,840$1,427$1,099$363
23 years$2,817$2,199$1,699$1,300$986$306
24 years$2,671$2,061$1,571$1,185$887$258
25 years$2,537$1,934$1,455$1,083$798$218
26 years$2,413$1,817$1,349$990$719$184
27 years$2,299$1,710$1,253$906$648$156
28 years$2,193$1,612$1,165$830$585$132
29 years$2,095$1,520$1,084$761$528$111
30 years$2,003$1,436$1,010$699$477$94
31 years$1,917$1,357$941$642$431$80
32 years$1,837$1,284$878$590$390$67
33 years$1,762$1,216$820$542$353$57
34 years$1,692$1,153$766$499$320$48
35 years$1,625$1,093$716$459$290$41
36 years$1,563$1,038$670$423$262$35
37 years$1,504$986$627$390$238$29
38 years$1,448$937$587$359$216$25
39 years$1,395$891$550$331$195$21
40 years$1,345$847$516$305$177$18
41 years$1,298$807$484$282$161$15
42 years$1,253$768$454$260$146$13
43 years$1,210$732$426$240$132$11
44 years$1,169$698$400$222$120$9
45 years$1,130$665$375$205$109$8
46 years$1,093$635$352$189$99$7
47 years$1,058$606$331$175$90$6
48 years$1,024$578$311$161$82$5
49 years$992$552$292$149$74$4
50 years$961$528$275$138$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $984,000, adding $2,214 every year, while hoping to spend $28,856 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: 59/20/21 Blend
49$984,000$984,000$984,000$984,000
50$1,086,652$1,034,500$1,019,248$1,144,594
51$1,166,788$1,054,488$1,022,690$1,204,178
52$1,254,130$1,074,488$1,025,280$1,265,799
53$1,349,384$1,094,470$1,026,960$1,332,365
54$1,453,325$1,114,403$1,027,667$1,404,360
55$1,566,807$1,134,251$1,027,336$1,482,317
56$1,690,768$1,153,977$1,025,899$1,566,825
57$1,826,245$1,173,540$1,023,285$1,658,533
58$1,974,375$1,192,896$1,019,418$1,758,156
59$2,136,412$1,212,000$1,014,220$1,866,482
60$2,313,739$1,230,800$1,007,608$1,984,380
61$2,507,873$1,249,242$999,497$2,112,810
62$2,720,491$1,267,270$989,794$2,252,828
63$2,953,436$1,284,821$978,407$2,405,599
64$3,208,737$1,301,828$965,235$2,572,409
65$3,488,632$1,318,221$950,174$2,754,673
66$3,795,583$1,333,925$933,115$2,953,954
67$4,132,304$1,348,858$913,946$3,171,974
68$4,501,781$1,362,934$892,545$3,410,631
69$4,907,306$1,376,062$868,789$3,672,020
70$5,352,505$1,388,142$842,547$3,958,449
71$5,841,371$1,399,071$813,682$4,272,462
72$6,378,302$1,408,738$782,052$4,616,866
73$6,968,146$1,417,023$747,508$4,994,754
74$7,616,240$1,423,800$709,893$5,409,537
75$8,328,466$1,428,936$669,044$5,864,976
76$9,111,304$1,432,288$624,791$6,365,217
77$9,971,890$1,433,704$576,955$6,914,830
78$10,918,091$1,433,023$525,351$7,518,855
79$11,958,569$1,430,074$469,783$8,182,847
80$13,102,872$1,424,677$410,050$8,912,930
81$14,361,516$1,416,637$345,938$9,715,857
82$15,746,090$1,405,751$277,226$10,599,072
83$17,269,361$1,391,803$203,682$11,570,779
84$18,945,396$1,374,561$125,066$12,640,024
85$20,789,696$1,353,784$41,125$13,816,781
86$22,819,337$1,329,212$0$15,112,041
87$25,053,139$1,300,573$0$16,548,780
88$27,511,835$1,267,577$0$18,140,039
89$30,218,271$1,229,917$0$19,891,382
90$33,197,620$1,187,269$0$21,819,108
91$36,477,622$1,139,289$0$23,941,179
92$40,088,839$1,085,614$0$26,277,391
93$44,064,952$1,025,860$0$28,849,561
94$48,443,070$959,621$0$31,681,731
95$53,264,087$886,465$0$34,800,397
96$58,573,061$805,940$0$38,234,762
97$64,419,646$717,563$0$42,017,006
98$70,858,555$620,829$0$46,182,597
99$77,950,078$515,200$0$50,770,621
100$85,760,650$400,109$0$55,824,153