Can I retire at age 50 with 1,020,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$84,231$83,480$82,748$82,034$81,336$79,370
2 years$41,698$40,922$40,169$39,439$38,732$36,762
3 years$27,523$26,743$25,992$25,269$24,573$22,662
4 years$20,436$19,659$18,916$18,205$17,526$15,688
5 years$16,186$15,413$14,679$13,983$13,323$11,564
6 years$13,353$12,586$11,863$11,182$10,542$8,863
7 years$11,330$10,569$9,858$9,194$8,573$6,975
8 years$9,814$9,060$8,361$7,712$7,112$5,594
9 years$8,635$7,888$7,201$6,569$5,990$4,550
10 years$7,692$6,953$6,278$5,663$5,103$3,741
11 years$6,922$6,190$5,527$4,928$4,389$3,101
12 years$6,280$5,556$4,905$4,323$3,804$2,589
13 years$5,738$5,021$4,382$3,816$3,317$2,172
14 years$5,273$4,564$3,938$3,388$2,907$1,831
15 years$4,871$4,169$3,555$3,021$2,560$1,549
16 years$4,519$3,825$3,223$2,705$2,262$1,314
17 years$4,209$3,523$2,933$2,431$2,006$1,118
18 years$3,934$3,255$2,677$2,190$1,784$953
19 years$3,688$3,017$2,451$1,979$1,590$814
20 years$3,467$2,803$2,249$1,793$1,420$696
21 years$3,267$2,611$2,069$1,627$1,271$596
22 years$3,085$2,438$1,907$1,479$1,139$511
23 years$2,920$2,280$1,761$1,347$1,023$438
24 years$2,769$2,136$1,628$1,229$919$377
25 years$2,630$2,005$1,508$1,122$827$324
26 years$2,502$1,884$1,399$1,026$745$278
27 years$2,383$1,773$1,299$939$672$239
28 years$2,273$1,671$1,208$860$606$206
29 years$2,171$1,576$1,124$789$547$177
30 years$2,076$1,488$1,047$724$494$153
31 years$1,988$1,407$976$665$447$132
32 years$1,905$1,331$910$611$404$113
33 years$1,827$1,261$850$562$366$98
34 years$1,754$1,195$794$517$331$84
35 years$1,685$1,133$743$476$300$73
36 years$1,620$1,076$695$438$272$63
37 years$1,559$1,022$650$404$246$54
38 years$1,501$971$609$372$223$47
39 years$1,446$923$570$343$203$40
40 years$1,395$879$535$317$184$35
41 years$1,345$836$501$292$167$30
42 years$1,299$796$470$270$151$26
43 years$1,254$759$441$249$137$22
44 years$1,212$723$414$230$125$19
45 years$1,172$690$389$212$113$17
46 years$1,133$658$365$196$103$14
47 years$1,097$628$343$181$93$12
48 years$1,061$599$323$167$85$11
49 years$1,028$572$303$155$77$9
50 years$996$547$285$143$70$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,020,000, adding $4,798 every year, while hoping to spend $52,192 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: 62/19/19 Blend
49$1,020,000$1,020,000$1,020,000$1,020,000
50$1,128,989$1,074,929$1,059,119$1,193,198
51$1,188,614$1,072,069$1,039,068$1,234,202
52$1,252,572$1,067,319$1,016,595$1,272,678
53$1,321,248$1,060,532$991,566$1,313,476
54$1,395,069$1,051,552$963,837$1,356,825
55$1,474,500$1,040,211$933,259$1,402,982
56$1,560,052$1,026,335$899,676$1,452,231
57$1,652,288$1,009,736$862,926$1,504,886
58$1,751,824$990,216$822,837$1,561,298
59$1,859,341$967,567$779,232$1,621,852
60$1,975,582$941,566$731,925$1,686,978
61$2,101,367$911,978$680,720$1,757,150
62$2,237,597$878,556$625,415$1,832,894
63$2,385,262$841,035$565,796$1,914,794
64$2,545,450$799,138$501,642$2,003,493
65$2,719,361$752,570$432,722$2,099,707
66$2,908,309$701,019$358,792$2,204,226
67$3,113,745$644,158$279,600$2,317,924
68$3,337,262$581,637$194,881$2,441,770
69$3,580,615$513,089$104,361$2,576,834
70$3,845,732$438,124$7,752$2,724,302
71$4,134,738$356,334$0$2,885,484
72$4,449,969$267,283$0$3,081,159
73$4,794,000$170,513$0$3,296,533
74$5,169,660$65,541$0$3,531,871
75$5,580,069$0$0$3,789,201
76$6,028,656$0$0$4,080,824
77$6,519,201$0$0$4,414,781
78$7,055,864$0$0$4,780,210
79$7,643,226$0$0$5,180,238
80$8,286,329$0$0$5,618,312
81$8,990,729$0$0$6,098,224
82$9,762,543$0$0$6,624,153
83$10,608,506$0$0$7,200,700
84$11,536,039$0$0$7,832,933
85$12,553,312$0$0$8,526,432
86$13,669,326$0$0$9,287,347
87$14,893,993$0$0$10,122,448
88$16,238,235$0$0$11,039,196
89$17,714,078$0$0$12,045,805
90$19,334,773$0$0$13,151,328
91$21,114,915$0$0$14,365,735
92$23,070,583$0$0$15,700,010
93$25,219,491$0$0$17,166,254
94$27,581,153$0$0$18,777,797
95$30,177,066$0$0$20,549,326
96$33,030,915$0$0$22,497,021
97$36,168,794$0$0$24,638,709
98$39,619,452$0$0$26,994,028
99$43,414,562$0$0$29,584,619
100$47,589,022$0$0$32,434,322