Can I retire at age 50 with 1,000,000?

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$82,579$81,843$81,126$80,425$79,741$79,272
2 years$40,881$40,119$39,381$38,666$37,972$37,499
3 years$26,983$26,218$25,482$24,774$24,091$23,628
4 years$20,036$19,273$18,545$17,848$17,182$16,733
5 years$15,868$15,111$14,391$13,709$13,061$12,628
6 years$13,091$12,339$11,630$10,963$10,335$9,917
7 years$11,108$10,362$9,665$9,013$8,405$8,004
8 years$9,621$8,882$8,197$7,561$6,973$6,588
9 years$8,466$7,734$7,060$6,440$5,872$5,503
10 years$7,542$6,817$6,155$5,552$5,003$4,650
11 years$6,786$6,069$5,419$4,832$4,303$3,965
12 years$6,157$5,447$4,809$4,238$3,729$3,407
13 years$5,625$4,922$4,296$3,742$3,252$2,944
14 years$5,170$4,474$3,860$3,321$2,850$2,558
15 years$4,775$4,087$3,485$2,962$2,510$2,231
16 years$4,430$3,750$3,160$2,652$2,218$1,954
17 years$4,126$3,454$2,875$2,383$1,967$1,716
18 years$3,857$3,191$2,625$2,148$1,749$1,511
19 years$3,615$2,958$2,403$1,940$1,559$1,333
20 years$3,399$2,748$2,205$1,757$1,392$1,179
21 years$3,203$2,560$2,029$1,595$1,246$1,045
22 years$3,025$2,390$1,870$1,450$1,117$927
23 years$2,863$2,235$1,726$1,321$1,002$823
24 years$2,714$2,094$1,596$1,205$901$732
25 years$2,578$1,965$1,479$1,100$811$652
26 years$2,453$1,847$1,371$1,006$730$581
27 years$2,336$1,738$1,273$921$658$518
28 years$2,229$1,638$1,184$844$594$462
29 years$2,129$1,545$1,102$774$537$413
30 years$2,036$1,459$1,026$710$485$369
31 years$1,949$1,380$957$652$438$330
32 years$1,867$1,305$893$599$396$295
33 years$1,791$1,236$833$551$359$264
34 years$1,719$1,172$779$507$325$236
35 years$1,652$1,111$728$467$294$211
36 years$1,588$1,055$681$430$267$189
37 years$1,528$1,002$637$396$242$170
38 years$1,472$952$597$365$219$152
39 years$1,418$905$559$337$199$136
40 years$1,367$861$524$310$180$122
41 years$1,319$820$492$286$163$109
42 years$1,273$781$461$264$148$98
43 years$1,230$744$433$244$135$88
44 years$1,188$709$406$225$122$79
45 years$1,149$676$381$208$111$71
46 years$1,111$645$358$192$101$63
47 years$1,075$616$336$178$91$57
48 years$1,041$588$316$164$83$51
49 years$1,008$561$297$152$75$46
50 years$976$536$279$140$69$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,000,000, adding $3,314 every year, while hoping to spend $42,258 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: 54/28/18 Blend
49$1,000,000$1,000,000$1,000,000$1,000,000
50$1,105,418$1,052,418$1,036,918$1,159,571
51$1,173,209$1,059,025$1,026,693$1,203,570
52$1,246,498$1,064,538$1,014,709$1,246,679
53$1,325,801$1,068,861$1,000,862$1,292,674
54$1,411,686$1,071,889$985,045$1,341,842
55$1,504,778$1,073,511$967,143$1,394,501
56$1,605,761$1,073,609$947,038$1,451,003
57$1,715,390$1,072,058$924,606$1,511,736
58$1,834,496$1,068,725$899,716$1,577,132
59$1,963,991$1,063,468$872,233$1,647,667
60$2,104,879$1,056,139$842,014$1,723,868
61$2,258,266$1,046,579$808,910$1,806,319
62$2,425,366$1,034,619$772,766$1,895,665
63$2,607,519$1,020,081$733,419$1,992,620
64$2,806,197$1,002,775$690,699$2,097,973
65$3,023,020$982,502$644,428$2,212,596
66$3,259,772$959,049$594,421$2,337,455
67$3,518,418$932,192$540,483$2,473,616
68$3,801,120$901,692$482,412$2,622,259
69$4,110,257$867,298$419,997$2,784,687
70$4,448,452$828,744$353,015$2,962,340
71$4,818,589$785,748$281,236$3,156,810
72$5,223,846$738,011$204,419$3,369,856
73$5,667,723$685,218$122,312$3,603,421
74$6,154,074$627,037$34,652$3,859,652
75$6,687,142$563,114$0$4,140,920
76$7,271,602$493,078$0$4,461,155
77$7,912,601$416,534$0$4,819,777
78$8,615,810$333,068$0$5,213,374
79$9,387,474$242,240$0$5,645,534
80$10,234,473$143,586$0$6,120,214
81$11,164,384$36,617$0$6,641,779
82$12,185,555$0$0$7,215,045
83$13,307,181$0$0$7,869,720
84$14,539,392$0$0$8,601,437
85$15,893,347$0$0$9,405,553
86$17,381,340$0$0$10,289,381
87$19,016,915$0$0$11,260,981
88$20,814,993$0$0$12,329,230
89$22,792,012$0$0$13,503,908
90$24,966,086$0$0$14,795,792
91$27,357,167$0$0$16,216,754
92$29,987,242$0$0$17,779,876
93$32,880,533$0$0$19,499,571
94$36,063,730$0$0$21,391,718
95$39,566,238$0$0$23,473,814
96$43,420,458$0$0$25,765,139
97$47,662,090$0$0$28,286,934
98$52,330,471$0$0$31,062,605
99$57,468,941$0$0$34,117,943
100$63,125,260$0$0$37,481,363