Can I retire at age 50 with 988,000?

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 $988,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$81,588$80,861$80,152$79,460$78,785$78,222
2 years$40,390$39,638$38,909$38,202$37,516$36,950
3 years$26,659$25,904$25,177$24,476$23,802$23,248
4 years$19,795$19,042$18,322$17,634$16,976$16,439
5 years$15,678$14,929$14,219$13,545$12,905$12,387
6 years$12,934$12,191$11,491$10,832$10,211$9,712
7 years$10,975$10,238$9,549$8,905$8,304$7,825
8 years$9,506$8,776$8,098$7,470$6,889$6,430
9 years$8,364$7,641$6,975$6,363$5,802$5,362
10 years$7,451$6,735$6,081$5,485$4,943$4,523
11 years$6,705$5,996$5,354$4,774$4,251$3,850
12 years$6,083$5,382$4,751$4,187$3,684$3,301
13 years$5,558$4,863$4,245$3,697$3,213$2,848
14 years$5,108$4,421$3,814$3,281$2,816$2,469
15 years$4,718$4,038$3,444$2,926$2,480$2,150
16 years$4,377$3,705$3,122$2,620$2,192$1,878
17 years$4,077$3,412$2,841$2,354$1,943$1,646
18 years$3,810$3,153$2,593$2,122$1,728$1,446
19 years$3,572$2,922$2,374$1,917$1,540$1,274
20 years$3,358$2,715$2,179$1,736$1,376$1,124
21 years$3,164$2,529$2,004$1,576$1,231$993
22 years$2,989$2,361$1,847$1,433$1,103$879
23 years$2,829$2,208$1,706$1,305$990$779
24 years$2,682$2,069$1,577$1,190$890$692
25 years$2,547$1,942$1,461$1,087$801$614
26 years$2,423$1,825$1,355$994$722$546
27 years$2,308$1,717$1,258$910$651$486
28 years$2,202$1,618$1,170$833$587$433
29 years$2,103$1,527$1,088$764$530$385
30 years$2,011$1,442$1,014$701$479$343
31 years$1,925$1,363$945$644$433$306
32 years$1,845$1,290$882$592$392$273
33 years$1,769$1,221$823$544$354$244
34 years$1,699$1,158$769$501$321$218
35 years$1,632$1,098$719$461$291$194
36 years$1,569$1,042$673$425$263$174
37 years$1,510$990$630$391$239$155
38 years$1,454$941$590$361$216$139
39 years$1,401$894$553$333$196$124
40 years$1,351$851$518$307$178$111
41 years$1,303$810$486$283$161$99
42 years$1,258$771$456$261$147$89
43 years$1,215$735$427$241$133$79
44 years$1,174$701$401$223$121$71
45 years$1,135$668$377$206$110$63
46 years$1,098$637$354$190$100$57
47 years$1,062$608$332$175$90$51
48 years$1,028$581$312$162$82$45
49 years$996$554$294$150$75$41
50 years$965$530$276$138$68$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $988,000, adding $3,102 every year, while hoping to spend $50,278 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: 58/32/10 Blend
49$988,000$988,000$988,000$988,000
50$1,091,976$1,039,612$1,024,298$1,152,535
51$1,149,862$1,037,057$1,005,116$1,191,127
52$1,211,967$1,032,693$983,607$1,227,266
53$1,278,669$1,026,376$959,639$1,265,437
54$1,350,382$1,017,957$933,076$1,305,842
55$1,427,560$1,007,275$903,773$1,348,701
56$1,510,702$994,163$871,580$1,394,263
57$1,600,357$978,441$836,342$1,442,802
58$1,697,127$959,918$797,893$1,494,620
59$1,801,674$938,394$756,062$1,550,058
60$1,914,726$913,656$710,671$1,609,490
61$2,037,081$885,478$661,531$1,673,331
62$2,169,618$853,621$608,447$1,742,043
63$2,313,303$817,833$551,215$1,816,138
64$2,469,200$777,847$489,621$1,896,184
65$2,638,477$733,379$423,441$1,982,809
66$2,822,418$684,132$352,443$2,076,711
67$3,022,438$629,787$276,383$2,178,663
68$3,240,092$570,013$195,007$2,289,520
69$3,477,092$504,454$108,051$2,410,230
70$3,735,321$432,738$15,236$2,541,844
71$4,016,851$354,470$0$2,685,524
72$4,323,965$269,233$0$2,851,500
73$4,659,172$176,588$0$3,034,570
74$5,025,236$76,070$0$3,234,718
75$5,425,200$0$0$3,453,723
76$5,862,413$0$0$3,705,105
77$6,340,562$0$0$4,009,399
78$6,863,709$0$0$4,342,412
79$7,436,323$0$0$4,706,999
80$8,063,329$0$0$5,106,307
81$8,750,147$0$0$5,543,799
82$9,502,747$0$0$6,023,289
83$10,327,705$0$0$6,548,979
84$11,232,263$0$0$7,125,496
85$12,224,397$0$0$7,757,936
86$13,312,891$0$0$8,451,913
87$14,507,422$0$0$9,213,609
88$15,818,649$0$0$10,049,835
89$17,258,312$0$0$10,968,095
90$18,839,345$0$0$11,976,652
91$20,575,995$0$0$13,084,611
92$22,483,957$0$0$14,302,001
93$24,580,521$0$0$15,639,873
94$26,884,735$0$0$17,110,397
95$29,417,585$0$0$18,726,986
96$32,202,189$0$0$20,504,414
97$35,264,020$0$0$22,458,958
98$38,631,139$0$0$24,608,554
99$42,334,466$0$0$26,972,960
100$46,408,064$0$0$29,573,947