Can I retire at age 50 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$81,836$81,107$80,396$79,702$79,024$77,843
2 years$40,513$39,758$39,027$38,318$37,630$36,443
3 years$26,740$25,982$25,253$24,551$23,874$22,718
4 years$19,855$19,100$18,378$17,687$17,027$15,911
5 years$15,725$14,975$14,262$13,586$12,944$11,870
6 years$12,973$12,228$11,526$10,865$10,242$9,212
7 years$11,008$10,269$9,578$8,932$8,330$7,344
8 years$9,535$8,802$8,123$7,493$6,910$5,969
9 years$8,389$7,664$6,996$6,382$5,819$4,922
10 years$7,474$6,755$6,099$5,502$4,958$4,105
11 years$6,725$6,014$5,370$4,788$4,264$3,453
12 years$6,102$5,398$4,766$4,200$3,695$2,925
13 years$5,575$4,878$4,258$3,708$3,222$2,493
14 years$5,123$4,434$3,826$3,291$2,825$2,134
15 years$4,732$4,051$3,454$2,935$2,487$1,834
16 years$4,391$3,716$3,132$2,628$2,198$1,582
17 years$4,089$3,423$2,850$2,362$1,949$1,368
18 years$3,822$3,163$2,601$2,128$1,733$1,186
19 years$3,583$2,931$2,381$1,923$1,545$1,030
20 years$3,368$2,724$2,186$1,742$1,380$896
21 years$3,174$2,537$2,010$1,581$1,235$781
22 years$2,998$2,368$1,853$1,437$1,107$682
23 years$2,837$2,215$1,711$1,309$993$595
24 years$2,690$2,075$1,582$1,194$893$521
25 years$2,555$1,948$1,465$1,090$804$456
26 years$2,430$1,830$1,359$997$724$399
27 years$2,315$1,723$1,262$912$653$350
28 years$2,209$1,623$1,173$836$589$307
29 years$2,110$1,531$1,092$767$532$269
30 years$2,017$1,446$1,017$704$480$236
31 years$1,931$1,367$948$646$434$207
32 years$1,850$1,294$885$594$393$182
33 years$1,775$1,225$826$546$356$160
34 years$1,704$1,161$772$502$322$140
35 years$1,637$1,101$721$463$292$123
36 years$1,574$1,045$675$426$264$109
37 years$1,515$993$632$392$239$95
38 years$1,458$943$592$362$217$84
39 years$1,405$897$554$334$197$74
40 years$1,355$854$519$308$179$65
41 years$1,307$812$487$284$162$57
42 years$1,262$774$457$262$147$50
43 years$1,219$737$429$242$133$44
44 years$1,177$703$402$223$121$39
45 years$1,138$670$378$206$110$34
46 years$1,101$639$355$190$100$30
47 years$1,065$610$333$176$91$26
48 years$1,031$582$313$163$82$23
49 years$999$556$295$150$75$21
50 years$968$531$277$139$68$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $991,000, adding $3,995 every year, while hoping to spend $29,743 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: 59/21/20 Blend
49$991,000$991,000$991,000$991,000
50$1,096,203$1,043,680$1,028,319$1,154,877
51$1,176,369$1,063,174$1,031,122$1,214,633
52$1,263,716$1,082,626$1,033,021$1,276,179
53$1,358,943$1,102,003$1,033,956$1,342,635
54$1,462,823$1,121,269$1,033,861$1,414,482
55$1,576,205$1,140,386$1,032,670$1,492,250
56$1,700,023$1,159,310$1,030,309$1,576,522
57$1,835,307$1,177,997$1,026,706$1,667,943
58$1,983,189$1,196,400$1,021,781$1,767,221
59$2,144,916$1,214,465$1,015,453$1,875,140
60$2,321,862$1,232,138$1,007,635$1,992,562
61$2,515,538$1,249,360$998,237$2,120,440
62$2,727,611$1,266,065$987,165$2,259,821
63$2,959,912$1,282,188$974,320$2,411,864
64$3,214,462$1,297,654$959,599$2,577,843
65$3,493,484$1,312,385$942,892$2,759,164
66$3,799,427$1,326,300$924,087$2,957,380
67$4,134,989$1,339,310$903,065$3,174,198
68$4,503,141$1,351,319$879,700$3,411,506
69$4,907,156$1,362,228$853,865$3,671,382
70$5,350,638$1,371,930$825,422$3,956,117
71$5,837,559$1,380,309$794,228$4,268,240
72$6,372,291$1,387,246$760,137$4,610,537
73$6,959,654$1,392,611$722,991$4,986,080
74$7,604,957$1,396,266$682,628$5,398,257
75$8,314,045$1,398,066$638,880$5,850,803
76$9,093,362$1,397,856$591,567$6,347,836
77$9,950,005$1,395,471$540,504$6,893,895
78$10,891,793$1,390,737$485,498$7,493,986
79$11,927,341$1,383,467$426,347$8,153,628
80$13,066,138$1,373,466$362,838$8,878,904
81$14,318,642$1,360,524$294,752$9,676,522
82$15,696,375$1,344,420$221,856$10,553,876
83$17,212,028$1,324,920$143,912$11,519,118
84$18,879,589$1,301,775$60,667$12,581,235
85$20,714,467$1,274,722$0$13,750,134
86$22,733,641$1,243,482$0$15,042,749
87$24,955,820$1,207,760$0$16,479,313
88$27,401,616$1,167,242$0$18,060,201
89$30,093,743$1,121,599$0$19,800,106
90$33,057,227$1,070,480$0$21,715,223
91$36,319,645$1,013,514$0$23,823,401
92$39,911,383$950,311$0$26,144,308
93$43,865,923$880,455$0$28,699,621
94$48,220,159$803,509$0$31,513,233
95$53,014,745$719,010$0$34,611,472
96$58,294,476$626,469$0$38,023,357
97$64,108,714$525,368$0$41,780,866
98$70,511,854$415,162$0$45,919,244
99$77,563,831$295,273$0$50,477,333
100$85,330,693$165,092$0$55,497,942