Can I retire at age 50 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$82,084$81,352$80,639$79,943$79,263$78,929
2 years$40,635$39,879$39,145$38,434$37,744$37,407
3 years$26,821$26,061$25,330$24,625$23,947$23,617
4 years$19,915$19,158$18,433$17,741$17,079$16,759
5 years$15,773$15,020$14,305$13,627$12,983$12,674
6 years$13,012$12,265$11,561$10,897$10,273$9,975
7 years$11,041$10,300$9,607$8,959$8,355$8,068
8 years$9,564$8,829$8,147$7,516$6,931$6,655
9 years$8,415$7,687$7,017$6,402$5,837$5,573
10 years$7,496$6,776$6,118$5,518$4,973$4,720
11 years$6,745$6,032$5,386$4,803$4,277$4,035
12 years$6,120$5,414$4,780$4,213$3,707$3,475
13 years$5,591$4,893$4,271$3,719$3,232$3,011
14 years$5,139$4,447$3,837$3,301$2,833$2,623
15 years$4,747$4,063$3,464$2,944$2,495$2,294
16 years$4,404$3,728$3,141$2,636$2,205$2,014
17 years$4,102$3,433$2,858$2,369$1,955$1,774
18 years$3,833$3,172$2,609$2,135$1,738$1,566
19 years$3,594$2,940$2,389$1,929$1,549$1,386
20 years$3,378$2,732$2,192$1,747$1,384$1,229
21 years$3,184$2,545$2,016$1,585$1,238$1,092
22 years$3,007$2,375$1,858$1,442$1,110$972
23 years$2,846$2,222$1,716$1,313$996$866
24 years$2,698$2,082$1,587$1,197$896$772
25 years$2,563$1,953$1,470$1,094$806$690
26 years$2,438$1,836$1,363$1,000$726$617
27 years$2,322$1,728$1,266$915$655$552
28 years$2,215$1,628$1,177$839$591$494
29 years$2,116$1,536$1,095$769$533$442
30 years$2,023$1,451$1,020$706$482$397
31 years$1,937$1,371$951$648$436$356
32 years$1,856$1,297$887$596$394$319
33 years$1,780$1,229$828$548$357$286
34 years$1,709$1,165$774$504$323$257
35 years$1,642$1,105$724$464$292$231
36 years$1,579$1,048$677$427$265$208
37 years$1,519$996$634$394$240$187
38 years$1,463$946$593$363$218$168
39 years$1,409$900$556$335$197$151
40 years$1,359$856$521$309$179$136
41 years$1,311$815$489$285$162$122
42 years$1,266$776$458$263$147$110
43 years$1,222$739$430$243$134$99
44 years$1,181$705$404$224$121$89
45 years$1,142$672$379$207$110$80
46 years$1,104$641$356$191$100$72
47 years$1,069$612$334$177$91$65
48 years$1,034$584$314$163$83$58
49 years$1,002$558$295$151$75$53
50 years$970$533$278$139$68$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $994,000, adding $5,796 every year, while hoping to spend $35,862 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: 48/24/28 Blend
49$994,000$994,000$994,000$994,000
50$1,101,367$1,048,685$1,033,278$1,145,186
51$1,175,549$1,061,913$1,029,735$1,189,825
52$1,256,096$1,074,588$1,024,873$1,234,300
53$1,343,619$1,086,644$1,018,607$1,281,905
54$1,438,791$1,098,012$1,010,853$1,332,955
55$1,542,351$1,108,618$1,001,520$1,387,796
56$1,655,114$1,118,383$990,514$1,446,811
57$1,777,974$1,127,223$977,735$1,510,426
58$1,911,919$1,135,049$963,081$1,579,108
59$2,058,033$1,141,764$946,442$1,653,377
60$2,217,510$1,147,268$927,705$1,733,805
61$2,391,664$1,151,453$906,752$1,821,028
62$2,581,944$1,154,203$883,458$1,915,745
63$2,789,941$1,155,398$857,693$2,018,730
64$3,017,410$1,154,908$829,320$2,130,841
65$3,266,282$1,152,595$798,199$2,253,022
66$3,538,684$1,148,313$764,180$2,386,319
67$3,836,957$1,141,907$727,107$2,531,887
68$4,163,679$1,133,214$686,817$2,691,001
69$4,521,691$1,122,057$643,142$2,865,070
70$4,914,119$1,108,254$595,903$3,055,651
71$5,344,408$1,091,608$544,915$3,264,463
72$5,816,352$1,071,911$489,984$3,493,404
73$6,334,129$1,048,943$430,907$3,744,571
74$6,902,341$1,022,472$367,474$4,020,278
75$7,526,058$992,251$299,462$4,323,082
76$8,210,864$958,019$226,642$4,655,803
77$8,962,910$919,500$148,772$5,021,557
78$9,788,973$876,402$65,602$5,423,781
79$10,696,517$828,415$0$5,866,272
80$11,693,766$775,212$0$6,360,135
81$12,789,781$716,447$0$6,924,440
82$13,994,541$651,756$0$7,544,755
83$15,319,043$580,751$0$8,226,798
84$16,775,402$503,024$0$8,976,874
85$18,376,965$418,144$0$9,801,934
86$20,138,436$325,654$0$10,709,640
87$22,076,020$225,074$0$11,708,442
88$24,207,565$115,894$0$12,807,652
89$26,552,742$0$0$14,017,539
90$29,133,221$0$0$15,350,062
91$31,972,880$0$0$16,850,230
92$35,098,028$0$0$18,501,351
93$38,537,655$0$0$20,318,757
94$42,323,702$0$0$22,319,342
95$46,491,365$0$0$24,521,720
96$51,079,425$0$0$26,946,404
97$56,130,614$0$0$29,615,995
98$61,692,018$0$0$32,555,398
99$67,815,522$0$0$35,792,055
100$74,558,298$0$0$39,356,204