Can I retire at age 50 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$82,166$81,434$80,720$80,023$79,343$76,895
2 years$40,676$39,919$39,185$38,473$37,782$35,338
3 years$26,848$26,087$25,355$24,650$23,971$21,606
4 years$19,935$19,177$18,452$17,759$17,096$14,829
5 years$15,789$15,035$14,319$13,640$12,996$10,833
6 years$13,025$12,277$11,572$10,908$10,283$8,227
7 years$11,052$10,310$9,617$8,968$8,363$6,412
8 years$9,573$8,838$8,156$7,523$6,938$5,091
9 years$8,423$7,695$7,024$6,408$5,843$4,099
10 years$7,504$6,783$6,124$5,524$4,978$3,334
11 years$6,752$6,038$5,392$4,808$4,282$2,734
12 years$6,126$5,420$4,785$4,217$3,710$2,257
13 years$5,597$4,898$4,275$3,723$3,235$1,872
14 years$5,144$4,452$3,841$3,305$2,836$1,560
15 years$4,751$4,067$3,468$2,947$2,497$1,304
16 years$4,408$3,731$3,144$2,639$2,207$1,093
17 years$4,106$3,436$2,861$2,371$1,957$918
18 years$3,837$3,175$2,612$2,137$1,740$773
19 years$3,597$2,943$2,391$1,931$1,551$652
20 years$3,382$2,735$2,194$1,749$1,385$550
21 years$3,187$2,547$2,018$1,587$1,240$465
22 years$3,010$2,378$1,860$1,443$1,111$393
23 years$2,849$2,224$1,718$1,314$997$333
24 years$2,701$2,084$1,588$1,199$897$282
25 years$2,565$1,955$1,471$1,095$807$239
26 years$2,440$1,838$1,365$1,001$727$203
27 years$2,325$1,730$1,267$916$655$172
28 years$2,218$1,630$1,178$839$591$146
29 years$2,118$1,537$1,096$770$534$124
30 years$2,025$1,452$1,021$706$482$105
31 years$1,939$1,373$952$649$436$89
32 years$1,858$1,299$888$596$394$76
33 years$1,782$1,230$829$548$357$65
34 years$1,711$1,166$775$504$323$55
35 years$1,644$1,106$724$464$293$47
36 years$1,580$1,049$678$428$265$40
37 years$1,521$997$634$394$240$34
38 years$1,464$947$594$363$218$29
39 years$1,411$901$556$335$198$24
40 years$1,360$857$522$309$179$21
41 years$1,312$816$489$285$163$18
42 years$1,267$777$459$263$148$15
43 years$1,223$740$430$243$134$13
44 years$1,182$706$404$224$122$11
45 years$1,143$673$379$207$110$9
46 years$1,105$642$356$191$100$8
47 years$1,070$613$335$177$91$7
48 years$1,035$585$315$163$83$6
49 years$1,003$558$296$151$75$5
50 years$971$533$278$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $995,000, adding $4,783 every year, while hoping to spend $42,458 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: 54/20/26 Blend
49$995,000$995,000$995,000$995,000
50$1,101,424$1,048,689$1,033,266$1,152,736
51$1,168,594$1,054,899$1,022,706$1,194,860
52$1,241,192$1,059,992$1,010,368$1,235,920
53$1,319,728$1,063,865$996,150$1,279,755
54$1,404,761$1,066,415$979,941$1,326,647
55$1,496,905$1,067,527$961,627$1,376,908
56$1,596,836$1,067,084$941,089$1,430,882
57$1,705,299$1,064,956$918,201$1,488,951
58$1,823,111$1,061,011$892,833$1,551,541
59$1,951,172$1,055,104$864,846$1,619,118
60$2,090,472$1,047,084$834,098$1,692,201
61$2,242,098$1,036,790$800,439$1,771,366
62$2,407,251$1,024,050$763,712$1,857,246
63$2,587,247$1,008,686$723,753$1,950,544
64$2,783,538$990,503$680,391$2,052,038
65$2,997,721$969,300$633,446$2,162,588
66$3,231,554$944,862$582,732$2,283,145
67$3,486,973$916,959$528,053$2,414,759
68$3,766,106$885,353$469,206$2,558,594
69$4,071,300$849,787$405,975$2,715,934
70$4,405,138$809,991$338,140$2,888,200
71$4,770,461$765,680$265,467$3,076,961
72$5,170,401$716,551$187,714$3,283,952
73$5,608,406$662,286$104,626$3,511,089
74$6,088,272$602,547$15,940$3,760,491
75$6,614,181$536,976$0$4,034,496
76$7,190,736$465,197$0$4,357,522
77$7,823,010$386,811$0$4,716,728
78$8,516,589$301,397$0$5,110,921
79$9,277,626$208,510$0$5,543,669
80$10,112,897$107,680$0$6,018,907
81$11,029,868$0$0$6,540,971
82$12,036,762$0$0$7,114,994
83$13,142,637$0$0$7,771,571
84$14,357,472$0$0$8,492,940
85$15,692,260$0$0$9,285,643
86$17,159,112$0$0$10,156,883
87$18,771,370$0$0$11,114,599
88$20,543,732$0$0$12,167,537
89$22,492,392$0$0$13,325,330
90$24,635,190$0$0$14,598,594
91$26,991,785$0$0$15,999,025
92$29,583,832$0$0$17,539,508
93$32,435,192$0$0$19,234,240
94$35,572,156$0$0$21,098,865
95$39,023,691$0$0$23,150,618
96$42,821,712$0$0$25,408,489
97$47,001,386$0$0$27,893,403
98$51,601,461$0$0$30,628,416
99$56,664,630$0$0$33,638,931
100$62,237,936$0$0$36,952,941