Can I retire at age 50 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$83,405$82,662$81,937$81,230$80,539$77,836
2 years$41,290$40,521$39,775$39,053$38,352$35,656
3 years$27,253$26,481$25,737$25,021$24,332$21,727
4 years$20,236$19,466$18,730$18,027$17,354$14,860
5 years$16,027$15,262$14,535$13,846$13,192$10,816
6 years$13,222$12,462$11,747$11,073$10,438$8,182
7 years$11,219$10,466$9,762$9,104$8,489$6,352
8 years$9,717$8,971$8,279$7,637$7,043$5,023
9 years$8,550$7,811$7,130$6,505$5,931$4,026
10 years$7,617$6,885$6,216$5,607$5,053$3,261
11 years$6,854$6,129$5,473$4,880$4,346$2,662
12 years$6,219$5,501$4,857$4,280$3,766$2,187
13 years$5,681$4,972$4,339$3,779$3,284$1,806
14 years$5,221$4,519$3,899$3,355$2,879$1,497
15 years$4,823$4,128$3,520$2,992$2,535$1,245
16 years$4,475$3,788$3,192$2,679$2,240$1,039
17 years$4,168$3,488$2,904$2,407$1,986$868
18 years$3,895$3,223$2,651$2,169$1,766$727
19 years$3,652$2,987$2,427$1,960$1,574$610
20 years$3,433$2,776$2,227$1,775$1,406$512
21 years$3,235$2,586$2,049$1,611$1,258$430
22 years$3,055$2,414$1,888$1,465$1,128$362
23 years$2,891$2,257$1,743$1,334$1,013$305
24 years$2,742$2,115$1,612$1,217$910$257
25 years$2,604$1,985$1,493$1,111$819$217
26 years$2,477$1,865$1,385$1,016$738$183
27 years$2,360$1,756$1,286$930$665$154
28 years$2,251$1,654$1,196$852$600$130
29 years$2,150$1,561$1,113$781$542$110
30 years$2,056$1,474$1,036$717$490$93
31 years$1,968$1,393$966$659$443$78
32 years$1,886$1,318$901$605$400$66
33 years$1,809$1,248$842$557$362$56
34 years$1,736$1,183$786$512$328$47
35 years$1,668$1,122$735$471$297$40
36 years$1,604$1,065$688$434$269$34
37 years$1,544$1,012$644$400$244$28
38 years$1,486$962$603$369$221$24
39 years$1,432$914$565$340$201$20
40 years$1,381$870$529$314$182$17
41 years$1,332$828$496$289$165$15
42 years$1,286$789$466$267$150$12
43 years$1,242$751$437$246$136$10
44 years$1,200$716$410$228$123$9
45 years$1,160$683$385$210$112$7
46 years$1,122$652$362$194$102$6
47 years$1,086$622$340$179$92$5
48 years$1,051$594$319$166$84$4
49 years$1,018$567$300$153$76$4
50 years$986$541$282$142$69$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,010,000, adding $5,340 every year, while hoping to spend $54,372 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: 33/48/19 Blend
49$1,010,000$1,010,000$1,010,000$1,010,000
50$1,118,528$1,064,998$1,049,343$1,148,716
51$1,174,767$1,059,332$1,026,645$1,165,884
52$1,234,919$1,051,565$1,001,364$1,179,000
53$1,299,328$1,041,539$973,356$1,191,993
54$1,368,367$1,029,082$942,471$1,204,886
55$1,442,448$1,014,014$908,551$1,217,706
56$1,522,022$996,146$871,433$1,230,489
57$1,607,585$975,273$830,942$1,243,280
58$1,699,680$951,183$786,900$1,256,133
59$1,798,905$923,649$739,119$1,269,114
60$1,905,915$892,429$687,401$1,282,302
61$2,021,431$857,271$631,542$1,295,793
62$2,146,245$817,906$571,327$1,309,695
63$2,281,227$774,048$506,531$1,324,138
64$2,427,333$725,397$436,920$1,339,273
65$2,585,614$671,635$362,251$1,355,274
66$2,757,227$612,425$282,267$1,372,343
67$2,943,443$547,413$196,701$1,390,709
68$3,145,660$476,221$105,276$1,410,638
69$3,365,415$398,454$7,701$1,432,433
70$3,604,400$313,691$0$1,456,438
71$3,864,477$221,491$0$1,502,593
72$4,147,694$121,383$0$1,554,731
73$4,456,303$12,876$0$1,611,860
74$4,792,785$0$0$1,674,618
75$5,159,869$0$0$1,798,945
76$5,560,560$0$0$1,942,219
77$5,998,164$0$0$2,098,840
78$6,476,323$0$0$2,270,130
79$6,999,043$0$0$2,457,543
80$7,570,738$0$0$2,662,683
81$8,196,267$0$0$2,887,312
82$8,880,979$0$0$3,133,374
83$9,630,765$0$0$3,403,008
84$10,452,113$0$0$3,698,571
85$11,352,168$0$0$4,022,658
86$12,338,797$0$0$4,378,127
87$13,420,667$0$0$4,768,126
88$14,607,322$0$0$5,196,123
89$15,909,274$0$0$5,665,938
90$17,338,104$0$0$6,181,778
91$18,906,566$0$0$6,748,278
92$20,628,711$0$0$7,370,544
93$22,520,015$0$0$8,054,200
94$24,597,528$0$0$8,805,442
95$26,880,032$0$0$9,631,097
96$29,388,219$0$0$10,538,686
97$32,144,883$0$0$11,536,492
98$35,175,137$0$0$12,633,645
99$38,506,649$0$0$13,840,201
100$42,169,900$0$0$15,167,240