Can I retire at age 50 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$82,331$81,598$80,882$80,184$79,502$78,025
2 years$40,758$39,999$39,263$38,550$37,858$36,375
3 years$26,902$26,140$25,406$24,699$24,019$22,576
4 years$19,976$19,216$18,489$17,795$17,130$15,740
5 years$15,821$15,065$14,348$13,668$13,022$11,687
6 years$13,052$12,302$11,596$10,930$10,304$9,027
7 years$11,075$10,331$9,636$8,986$8,380$7,160
8 years$9,592$8,856$8,172$7,538$6,952$5,789
9 years$8,440$7,710$7,039$6,421$5,855$4,748
10 years$7,519$6,796$6,136$5,535$4,988$3,938
11 years$6,766$6,050$5,402$4,817$4,290$3,294
12 years$6,139$5,431$4,794$4,225$3,718$2,775
13 years$5,608$4,908$4,284$3,730$3,242$2,350
14 years$5,154$4,461$3,849$3,311$2,842$2,000
15 years$4,761$4,075$3,475$2,953$2,502$1,708
16 years$4,417$3,739$3,151$2,644$2,211$1,464
17 years$4,114$3,443$2,867$2,376$1,961$1,258
18 years$3,845$3,182$2,617$2,141$1,744$1,083
19 years$3,605$2,949$2,396$1,935$1,554$935
20 years$3,388$2,740$2,199$1,752$1,388$808
21 years$3,193$2,552$2,022$1,590$1,242$699
22 years$3,016$2,383$1,864$1,446$1,113$606
23 years$2,854$2,228$1,721$1,317$999$526
24 years$2,706$2,088$1,592$1,201$898$457
25 years$2,570$1,959$1,474$1,097$808$397
26 years$2,445$1,841$1,367$1,003$728$345
27 years$2,329$1,733$1,270$918$657$300
28 years$2,222$1,633$1,180$841$592$261
29 years$2,122$1,541$1,098$771$535$227
30 years$2,029$1,455$1,023$708$483$198
31 years$1,943$1,375$954$650$437$173
32 years$1,862$1,301$890$597$395$151
33 years$1,785$1,232$831$549$358$131
34 years$1,714$1,168$776$505$324$114
35 years$1,647$1,108$726$465$293$100
36 years$1,583$1,052$679$429$266$87
37 years$1,524$999$636$395$241$76
38 years$1,467$949$595$364$218$66
39 years$1,414$903$558$336$198$58
40 years$1,363$859$523$310$180$51
41 years$1,315$817$490$286$163$44
42 years$1,269$778$460$264$148$38
43 years$1,226$742$431$243$134$34
44 years$1,185$707$405$225$122$29
45 years$1,145$674$380$207$111$26
46 years$1,108$643$357$192$100$22
47 years$1,072$614$335$177$91$20
48 years$1,038$586$315$164$83$17
49 years$1,005$560$296$151$75$15
50 years$973$534$279$140$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $997,000, adding $6,923 every year, while hoping to spend $41,712 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: 36/36/28 Blend
49$997,000$997,000$997,000$997,000
50$1,105,835$1,052,994$1,037,541$1,136,148
51$1,174,249$1,060,210$1,027,917$1,166,513
52$1,248,243$1,066,381$1,016,573$1,195,005
53$1,328,343$1,071,412$1,003,407$1,224,964
54$1,415,125$1,075,202$988,312$1,256,550
55$1,509,224$1,077,644$971,178$1,289,943
56$1,611,340$1,078,623$951,886$1,325,342
57$1,722,238$1,078,017$930,316$1,362,971
58$1,842,764$1,075,698$906,340$1,403,079
59$1,973,847$1,071,528$879,823$1,445,945
60$2,116,508$1,065,362$850,626$1,491,878
61$2,271,873$1,057,046$818,603$1,541,225
62$2,441,179$1,046,415$783,601$1,594,370
63$2,625,787$1,033,298$745,460$1,651,742
64$2,827,198$1,017,510$704,012$1,713,819
65$3,047,059$998,855$659,084$1,781,130
66$3,287,189$977,129$610,493$1,854,266
67$3,549,586$952,111$558,048$1,933,881
68$3,836,451$923,572$501,550$2,020,706
69$4,150,207$891,266$440,791$2,115,547
70$4,493,524$854,933$375,552$2,219,304
71$4,869,338$814,300$305,609$2,332,973
72$5,280,887$769,076$230,722$2,457,660
73$5,731,731$718,955$150,646$2,594,589
74$6,225,796$663,613$65,121$2,745,122
75$6,767,403$602,705$0$2,910,765
76$7,361,311$535,870$0$3,101,001
77$8,012,761$462,725$0$3,331,137
78$8,727,529$382,864$0$3,583,834
79$9,511,973$295,861$0$3,861,454
80$10,373,098$201,262$0$4,166,604
81$11,318,622$98,592$0$4,502,164
82$12,357,045$0$0$4,871,317
83$13,497,730$0$0$5,282,587
84$14,750,994$0$0$5,777,506
85$16,128,200$0$0$6,321,524
86$17,641,868$0$0$6,919,606
87$19,305,791$0$0$7,577,220
88$21,135,164$0$0$8,300,393
89$23,146,729$0$0$9,095,765
90$25,358,931$0$0$9,970,649
91$27,792,092$0$0$10,933,105
92$30,468,601$0$0$11,992,013
93$33,413,128$0$0$13,157,158
94$36,652,853$0$0$14,439,320
95$40,217,726$0$0$15,850,375
96$44,140,743$0$0$17,403,414
97$48,458,264$0$0$19,112,855
98$53,210,350$0$0$20,994,590
99$58,441,143$0$0$23,066,127
100$64,199,281$0$0$25,346,759