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%17.5%
1 years$83,405$82,662$81,937$81,230$80,539$78,086
2 years$41,290$40,521$39,775$39,053$38,352$35,902
3 years$27,253$26,481$25,737$25,021$24,332$21,961
4 years$20,236$19,466$18,730$18,027$17,354$15,081
5 years$16,027$15,262$14,535$13,846$13,192$11,023
6 years$13,222$12,462$11,747$11,073$10,438$8,375
7 years$11,219$10,466$9,762$9,104$8,489$6,531
8 years$9,717$8,971$8,279$7,637$7,043$5,189
9 years$8,550$7,811$7,130$6,505$5,931$4,180
10 years$7,617$6,885$6,216$5,607$5,053$3,402
11 years$6,854$6,129$5,473$4,880$4,346$2,792
12 years$6,219$5,501$4,857$4,280$3,766$2,306
13 years$5,681$4,972$4,339$3,779$3,284$1,915
14 years$5,221$4,519$3,899$3,355$2,879$1,596
15 years$4,823$4,128$3,520$2,992$2,535$1,335
16 years$4,475$3,788$3,192$2,679$2,240$1,120
17 years$4,168$3,488$2,904$2,407$1,986$942
18 years$3,895$3,223$2,651$2,169$1,766$793
19 years$3,652$2,987$2,427$1,960$1,574$669
20 years$3,433$2,776$2,227$1,775$1,406$566
21 years$3,235$2,586$2,049$1,611$1,258$478
22 years$3,055$2,414$1,888$1,465$1,128$405
23 years$2,891$2,257$1,743$1,334$1,013$343
24 years$2,742$2,115$1,612$1,217$910$291
25 years$2,604$1,985$1,493$1,111$819$247
26 years$2,477$1,865$1,385$1,016$738$210
27 years$2,360$1,756$1,286$930$665$178
28 years$2,251$1,654$1,196$852$600$151
29 years$2,150$1,561$1,113$781$542$128
30 years$2,056$1,474$1,036$717$490$109
31 years$1,968$1,393$966$659$443$93
32 years$1,886$1,318$901$605$400$79
33 years$1,809$1,248$842$557$362$67
34 years$1,736$1,183$786$512$328$57
35 years$1,668$1,122$735$471$297$49
36 years$1,604$1,065$688$434$269$41
37 years$1,544$1,012$644$400$244$35
38 years$1,486$962$603$369$221$30
39 years$1,432$914$565$340$201$25
40 years$1,381$870$529$314$182$22
41 years$1,332$828$496$289$165$18
42 years$1,286$789$466$267$150$16
43 years$1,242$751$437$246$136$13
44 years$1,200$716$410$228$123$11
45 years$1,160$683$385$210$112$10
46 years$1,122$652$362$194$102$8
47 years$1,086$622$340$179$92$7
48 years$1,051$594$319$166$84$6
49 years$1,018$567$300$153$76$5
50 years$986$541$282$142$69$4

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 $2,134 every year, while hoping to spend $53,478 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: 75/15/10 Blend
49$1,010,000$1,010,000$1,010,000$1,010,000
50$1,115,221$1,061,691$1,046,036$1,196,703
51$1,172,074$1,056,814$1,024,178$1,245,819
52$1,232,933$1,049,905$999,796$1,292,668
53$1,298,150$1,040,809$972,748$1,342,505
54$1,368,113$1,029,361$942,886$1,395,608
55$1,443,245$1,015,384$910,057$1,452,284
56$1,524,012$998,693$874,100$1,512,872
57$1,610,923$979,091$834,844$1,577,746
58$1,704,541$956,370$792,115$1,647,318
59$1,805,481$930,309$745,727$1,722,044
60$1,914,419$900,673$695,489$1,802,426
61$2,032,100$867,216$641,198$1,889,021
62$2,159,340$829,676$582,644$1,982,439
63$2,297,037$787,775$519,607$2,083,358
64$2,446,179$741,220$451,858$2,192,523
65$2,607,852$689,702$379,157$2,310,759
66$2,783,247$632,892$301,254$2,438,975
67$2,973,680$570,445$217,887$2,578,174
68$3,180,592$501,993$128,783$2,729,464
69$3,405,573$427,151$33,658$2,894,068
70$3,650,369$345,510$0$3,073,335
71$3,916,904$256,637$0$3,275,994
72$4,207,292$160,076$0$3,500,752
73$4,523,862$55,346$0$3,745,863
74$4,869,176$0$0$4,013,363
75$5,246,055$0$0$4,315,083
76$5,657,602$0$0$4,654,572
77$6,107,235$0$0$5,025,518
78$6,598,716$0$0$5,431,031
79$7,136,188$0$0$5,874,533
80$7,724,210$0$0$6,359,792
81$8,367,804$0$0$6,890,959
82$9,072,501$0$0$7,472,602
83$9,844,389$0$0$8,109,754
84$10,690,174$0$0$8,807,956
85$11,617,241$0$0$9,573,312
86$12,633,724$0$0$10,412,542
87$13,748,581$0$0$11,333,051
88$14,971,680$0$0$12,342,992
89$16,313,888$0$0$13,451,348
90$17,787,177$0$0$14,668,010
91$19,404,733$0$0$16,003,878
92$21,181,083$0$0$17,470,956
93$23,132,228$0$0$19,082,469
94$25,275,797$0$0$20,852,984
95$27,631,208$0$0$22,798,551
96$30,219,855$0$0$24,936,851
97$33,065,308$0$0$27,287,362
98$36,193,532$0$0$29,871,544
99$39,633,135$0$0$32,713,040
100$43,415,635$0$0$35,837,899