Can I retire at age 50 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$85,056$84,299$83,560$82,838$82,134$79,346
2 years$42,107$41,323$40,563$39,826$39,111$36,330
3 years$27,793$27,005$26,247$25,517$24,814$22,127
4 years$20,637$19,852$19,101$18,384$17,697$15,126
5 years$16,344$15,564$14,823$14,120$13,453$11,004
6 years$13,484$12,709$11,979$11,292$10,645$8,319
7 years$11,441$10,673$9,955$9,284$8,657$6,455
8 years$9,910$9,149$8,443$7,788$7,182$5,101
9 years$8,720$7,966$7,272$6,634$6,048$4,087
10 years$7,768$7,021$6,339$5,718$5,154$3,308
11 years$6,990$6,251$5,581$4,977$4,432$2,699
12 years$6,342$5,610$4,953$4,365$3,841$2,216
13 years$5,794$5,070$4,425$3,854$3,349$1,828
14 years$5,325$4,609$3,976$3,421$2,936$1,515
15 years$4,918$4,210$3,590$3,051$2,585$1,259
16 years$4,563$3,863$3,255$2,732$2,285$1,049
17 years$4,250$3,557$2,962$2,454$2,026$876
18 years$3,972$3,287$2,704$2,212$1,801$733
19 years$3,724$3,046$2,475$1,999$1,605$615
20 years$3,501$2,831$2,272$1,810$1,434$516
21 years$3,299$2,637$2,089$1,643$1,283$433
22 years$3,116$2,461$1,926$1,494$1,150$364
23 years$2,949$2,302$1,778$1,360$1,033$306
24 years$2,796$2,157$1,644$1,241$928$258
25 years$2,655$2,024$1,523$1,133$835$217
26 years$2,526$1,902$1,413$1,036$752$183
27 years$2,407$1,790$1,312$948$678$154
28 years$2,296$1,687$1,219$869$612$130
29 years$2,193$1,592$1,135$797$553$110
30 years$2,097$1,503$1,057$731$499$93
31 years$2,007$1,421$985$672$451$78
32 years$1,923$1,344$919$617$408$66
33 years$1,845$1,273$858$568$370$56
34 years$1,771$1,207$802$522$335$47
35 years$1,701$1,145$750$481$303$40
36 years$1,636$1,086$701$443$275$33
37 years$1,574$1,032$657$408$249$28
38 years$1,516$981$615$376$226$24
39 years$1,461$932$576$347$205$20
40 years$1,408$887$540$320$186$17
41 years$1,359$844$506$295$168$14
42 years$1,311$804$475$272$153$12
43 years$1,266$766$446$251$139$10
44 years$1,224$730$418$232$126$9
45 years$1,183$697$393$214$114$7
46 years$1,144$664$369$198$104$6
47 years$1,107$634$347$183$94$5
48 years$1,072$605$326$169$86$4
49 years$1,038$578$306$156$78$4
50 years$1,006$552$288$144$71$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,030,000, adding $6,254 every year, while hoping to spend $43,779 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: 26/50/24 Blend
49$1,030,000$1,030,000$1,030,000$1,030,000
50$1,141,511$1,086,921$1,070,956$1,162,415
51$1,211,365$1,093,600$1,060,253$1,186,409
52$1,286,876$1,099,138$1,047,723$1,207,929
53$1,368,576$1,103,435$1,033,261$1,230,093
54$1,457,048$1,106,380$1,016,752$1,252,985
55$1,552,934$1,107,860$998,081$1,276,698
56$1,656,940$1,107,751$977,122$1,301,340
57$1,769,840$1,105,924$953,749$1,327,033
58$1,892,489$1,102,240$927,825$1,353,916
59$2,025,825$1,096,551$899,209$1,382,146
60$2,170,881$1,088,704$867,754$1,411,901
61$2,328,793$1,078,533$833,306$1,443,381
62$2,500,811$1,065,862$795,703$1,476,813
63$2,688,311$1,050,507$754,776$1,512,452
64$2,892,808$1,032,270$710,350$1,550,585
65$3,115,967$1,010,944$662,239$1,591,536
66$3,359,623$986,308$610,252$1,635,665
67$3,625,796$958,128$554,186$1,683,380
68$3,916,708$926,157$493,833$1,735,136
69$4,234,807$890,134$428,971$1,791,442
70$4,582,788$849,781$359,372$1,852,869
71$4,963,618$804,806$284,797$1,920,053
72$5,380,565$754,899$204,995$1,993,708
73$5,837,226$699,733$119,706$2,074,626
74$6,337,563$638,960$28,656$2,163,695
75$6,885,940$572,215$0$2,261,902
76$7,487,163$499,111$0$2,387,892
77$8,146,525$419,238$0$2,534,317
78$8,869,856$332,166$0$2,695,275
79$9,663,576$237,437$0$2,872,366
80$10,534,759$134,569$0$3,067,362
81$11,491,196$23,055$0$3,282,229
82$12,541,469$0$0$3,519,144
83$13,695,032$0$0$3,834,240
84$14,962,300$0$0$4,194,513
85$16,354,747$0$0$4,590,564
86$17,885,011$0$0$5,026,010
87$19,567,017$0$0$5,504,839
88$21,416,107$0$0$6,031,443
89$23,449,182$0$0$6,610,661
90$25,684,862$0$0$7,247,826
91$28,143,663$0$0$7,948,813
92$30,848,189$0$0$8,720,094
93$33,823,343$0$0$9,568,802
94$37,096,565$0$0$10,502,794
95$40,698,088$0$0$11,530,730
96$44,661,223$0$0$12,662,149
97$49,022,673$0$0$13,907,565
98$53,822,881$0$0$15,278,561
99$59,106,406$0$0$16,787,899
100$64,922,349$0$0$18,449,644