Can I retire at age 50 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$81,671$80,943$80,233$79,541$78,864$76,709
2 years$40,431$39,678$38,948$38,241$37,554$35,399
3 years$26,686$25,930$25,202$24,501$23,826$21,737
4 years$19,815$19,061$18,341$17,652$16,993$14,987
5 years$15,694$14,944$14,233$13,558$12,918$11,001
6 years$12,947$12,203$11,502$10,843$10,221$8,395
7 years$10,986$10,248$9,559$8,914$8,313$6,577
8 years$9,515$8,785$8,106$7,478$6,896$5,250
9 years$8,373$7,649$6,982$6,370$5,808$4,250
10 years$7,459$6,742$6,087$5,491$4,948$3,476
11 years$6,712$6,002$5,359$4,779$4,256$2,868
12 years$6,089$5,387$4,756$4,191$3,688$2,381
13 years$5,563$4,868$4,249$3,700$3,216$1,987
14 years$5,113$4,425$3,818$3,285$2,819$1,666
15 years$4,723$4,042$3,447$2,929$2,482$1,401
16 years$4,382$3,709$3,125$2,623$2,194$1,182
17 years$4,081$3,416$2,844$2,357$1,945$1,000
18 years$3,814$3,156$2,596$2,124$1,730$847
19 years$3,576$2,925$2,377$1,919$1,542$719
20 years$3,361$2,718$2,181$1,738$1,377$611
21 years$3,168$2,532$2,006$1,577$1,232$520
22 years$2,992$2,363$1,849$1,434$1,104$443
23 years$2,831$2,210$1,707$1,306$991$378
24 years$2,685$2,071$1,579$1,191$891$323
25 years$2,550$1,944$1,462$1,088$802$275
26 years$2,426$1,827$1,356$995$722$235
27 years$2,311$1,719$1,259$911$651$201
28 years$2,204$1,620$1,171$834$588$172
29 years$2,105$1,528$1,090$765$531$147
30 years$2,013$1,443$1,015$702$479$126
31 years$1,927$1,364$946$645$433$108
32 years$1,847$1,291$883$593$392$92
33 years$1,771$1,223$824$545$355$79
34 years$1,700$1,159$770$501$321$68
35 years$1,634$1,099$720$462$291$58
36 years$1,571$1,043$674$425$264$50
37 years$1,511$991$630$392$239$42
38 years$1,455$942$590$361$217$36
39 years$1,402$895$553$333$196$31
40 years$1,352$852$518$307$178$27
41 years$1,304$811$486$283$162$23
42 years$1,259$772$456$261$147$20
43 years$1,216$736$428$241$133$17
44 years$1,175$701$402$223$121$14
45 years$1,136$669$377$206$110$12
46 years$1,099$638$354$190$100$11
47 years$1,063$609$333$176$90$9
48 years$1,029$581$313$162$82$8
49 years$997$555$294$150$75$7
50 years$966$530$276$139$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $989,000, adding $4,452 every year, while hoping to spend $29,334 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: 75/12/13 Blend
49$989,000$989,000$989,000$989,000
50$1,094,470$1,042,053$1,026,724$1,173,300
51$1,174,895$1,061,903$1,029,908$1,245,803
52$1,262,540$1,081,742$1,032,215$1,321,135
53$1,358,111$1,101,539$1,033,586$1,402,888
54$1,462,384$1,121,259$1,033,957$1,491,692
55$1,576,213$1,140,868$1,033,261$1,588,241
56$1,700,540$1,160,324$1,031,429$1,693,297
57$1,836,401$1,179,585$1,028,387$1,807,701
58$1,984,935$1,198,606$1,024,059$1,932,380
59$2,147,398$1,217,337$1,018,365$2,068,355
60$2,325,172$1,235,726$1,011,220$2,216,749
61$2,519,780$1,253,717$1,002,535$2,378,803
62$2,732,897$1,271,248$992,220$2,555,881
63$2,966,369$1,288,256$980,176$2,749,488
64$3,222,228$1,304,671$966,301$2,961,282
65$3,502,714$1,320,418$950,491$3,193,090
66$3,810,292$1,335,419$932,634$3,446,923
67$4,147,677$1,349,590$912,612$3,725,002
68$4,517,861$1,362,841$890,305$4,029,770
69$4,924,137$1,375,075$865,585$4,363,921
70$5,370,136$1,386,190$838,319$4,730,424
71$5,859,854$1,396,078$808,367$5,132,550
72$6,397,696$1,404,622$775,584$5,573,905
73$6,988,511$1,411,699$739,817$6,058,463
74$7,637,645$1,417,178$700,906$6,590,603
75$8,350,984$1,420,919$658,685$7,175,150
76$9,135,014$1,422,773$612,981$7,817,423
77$9,996,880$1,422,584$563,610$8,523,283
78$10,944,454$1,420,183$510,384$9,299,191
79$11,986,410$1,415,394$453,103$10,152,266
80$13,132,302$1,408,026$391,561$11,090,353
81$14,392,659$1,397,881$325,540$12,122,100
82$15,779,079$1,384,746$254,814$13,257,037
83$17,304,343$1,368,397$179,148$14,505,666
84$18,982,531$1,348,593$98,294$15,879,562
85$20,829,158$1,325,083$11,996$17,391,483
86$22,861,319$1,297,599$0$19,055,487
87$25,097,850$1,265,858$0$20,898,180
88$27,559,504$1,229,558$0$22,928,024
89$30,269,149$1,188,382$0$25,162,215
90$33,251,983$1,141,994$0$27,621,537
91$36,535,771$1,090,038$0$30,328,890
92$40,151,106$1,032,136$0$33,309,514
93$44,131,699$967,891$0$36,591,220
94$48,514,696$896,881$0$40,204,655
95$53,341,027$818,660$0$44,183,594
96$58,655,796$732,759$0$48,565,254
97$64,508,702$638,678$0$53,390,649
98$70,954,510$535,894$0$58,704,976
99$78,053,566$423,849$0$64,558,041
100$85,872,370$301,958$0$71,004,731