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%12.7%
1 years$83,405$82,662$81,937$81,230$80,539$79,631
2 years$41,290$40,521$39,775$39,053$38,352$37,438
3 years$27,253$26,481$25,737$25,021$24,332$23,441
4 years$20,236$19,466$18,730$18,027$17,354$16,492
5 years$16,027$15,262$14,535$13,846$13,192$12,362
6 years$13,222$12,462$11,747$11,073$10,438$9,641
7 years$11,219$10,466$9,762$9,104$8,489$7,725
8 years$9,717$8,971$8,279$7,637$7,043$6,311
9 years$8,550$7,811$7,130$6,505$5,931$5,232
10 years$7,617$6,885$6,216$5,607$5,053$4,387
11 years$6,854$6,129$5,473$4,880$4,346$3,711
12 years$6,219$5,501$4,857$4,280$3,766$3,162
13 years$5,681$4,972$4,339$3,779$3,284$2,710
14 years$5,221$4,519$3,899$3,355$2,879$2,334
15 years$4,823$4,128$3,520$2,992$2,535$2,019
16 years$4,475$3,788$3,192$2,679$2,240$1,752
17 years$4,168$3,488$2,904$2,407$1,986$1,525
18 years$3,895$3,223$2,651$2,169$1,766$1,330
19 years$3,652$2,987$2,427$1,960$1,574$1,163
20 years$3,433$2,776$2,227$1,775$1,406$1,019
21 years$3,235$2,586$2,049$1,611$1,258$894
22 years$3,055$2,414$1,888$1,465$1,128$785
23 years$2,891$2,257$1,743$1,334$1,013$691
24 years$2,742$2,115$1,612$1,217$910$608
25 years$2,604$1,985$1,493$1,111$819$536
26 years$2,477$1,865$1,385$1,016$738$473
27 years$2,360$1,756$1,286$930$665$417
28 years$2,251$1,654$1,196$852$600$369
29 years$2,150$1,561$1,113$781$542$326
30 years$2,056$1,474$1,036$717$490$288
31 years$1,968$1,393$966$659$443$255
32 years$1,886$1,318$901$605$400$225
33 years$1,809$1,248$842$557$362$199
34 years$1,736$1,183$786$512$328$177
35 years$1,668$1,122$735$471$297$156
36 years$1,604$1,065$688$434$269$139
37 years$1,544$1,012$644$400$244$123
38 years$1,486$962$603$369$221$109
39 years$1,432$914$565$340$201$96
40 years$1,381$870$529$314$182$85
41 years$1,332$828$496$289$165$76
42 years$1,286$789$466$267$150$67
43 years$1,242$751$437$246$136$60
44 years$1,200$716$410$228$123$53
45 years$1,160$683$385$210$112$47
46 years$1,122$652$362$194$102$42
47 years$1,086$622$340$179$92$37
48 years$1,051$594$319$166$84$33
49 years$1,018$567$300$153$76$29
50 years$986$541$282$142$69$26

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 $2,494 every year, while hoping to spend $39,706 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: 66/16/18 Blend
49$1,010,000$1,010,000$1,010,000$1,010,000
50$1,115,593$1,062,063$1,046,408$1,184,104
51$1,187,136$1,071,857$1,039,215$1,240,084
52$1,264,646$1,080,800$1,030,451$1,296,437
53$1,348,690$1,088,809$1,020,021$1,357,079
54$1,439,890$1,095,794$1,007,826$1,422,429
55$1,538,932$1,101,661$993,761$1,492,951
56$1,646,570$1,106,309$977,719$1,569,156
57$1,763,632$1,109,631$959,585$1,651,609
58$1,891,033$1,111,513$939,241$1,740,931
59$2,029,774$1,111,833$916,561$1,837,809
60$2,180,962$1,110,464$891,417$1,943,002
61$2,345,811$1,107,268$863,671$2,057,345
62$2,525,661$1,102,101$833,180$2,181,761
63$2,721,983$1,094,809$799,797$2,317,268
64$2,936,400$1,085,228$763,364$2,464,989
65$3,170,695$1,073,187$723,720$2,626,162
66$3,426,834$1,058,502$680,692$2,802,155
67$3,706,980$1,040,977$634,105$2,994,475
68$4,013,516$1,020,409$583,771$3,204,786
69$4,349,063$996,577$529,496$3,434,922
70$4,716,510$969,252$471,077$3,686,909
71$5,119,038$938,190$408,302$3,962,979
72$5,560,150$903,131$340,949$4,265,595
73$6,043,702$863,801$268,788$4,597,475
74$6,573,944$819,911$191,577$4,961,614
75$7,155,555$771,156$109,063$5,361,318
76$7,793,688$717,209$20,984$5,800,233
77$8,494,022$657,730$0$6,282,380
78$9,262,809$592,356$0$6,826,214
79$10,106,938$520,703$0$7,427,818
80$11,033,997$442,369$0$8,088,606
81$12,052,344$356,925$0$8,814,587
82$13,171,188$263,919$0$9,612,381
83$14,400,675$162,876$0$10,489,287
84$15,751,978$53,292$0$11,453,348
85$17,237,411$0$0$12,513,429
86$18,870,539$0$0$13,690,811
87$20,666,305$0$0$14,995,833
88$22,641,174$0$0$16,431,087
89$24,813,288$0$0$18,009,766
90$27,202,634$0$0$19,746,405
91$29,831,231$0$0$21,657,020
92$32,723,345$0$0$23,759,258
93$35,905,707$0$0$26,072,560
94$39,407,776$0$0$28,618,349
95$43,262,005$0$0$31,420,230
96$47,504,156$0$0$34,504,211
97$52,173,634$0$0$37,898,951
98$57,313,857$0$0$41,636,026
99$62,972,665$0$0$45,750,232
100$69,202,775$0$0$50,279,907