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%18.2%
1 years$85,056$84,299$83,560$82,838$82,134$79,409
2 years$42,107$41,323$40,563$39,826$39,111$36,393
3 years$27,793$27,005$26,247$25,517$24,814$22,187
4 years$20,637$19,852$19,101$18,384$17,697$15,182
5 years$16,344$15,564$14,823$14,120$13,453$11,056
6 years$13,484$12,709$11,979$11,292$10,645$8,368
7 years$11,441$10,673$9,955$9,284$8,657$6,500
8 years$9,910$9,149$8,443$7,788$7,182$5,143
9 years$8,720$7,966$7,272$6,634$6,048$4,125
10 years$7,768$7,021$6,339$5,718$5,154$3,343
11 years$6,990$6,251$5,581$4,977$4,432$2,731
12 years$6,342$5,610$4,953$4,365$3,841$2,245
13 years$5,794$5,070$4,425$3,854$3,349$1,855
14 years$5,325$4,609$3,976$3,421$2,936$1,539
15 years$4,918$4,210$3,590$3,051$2,585$1,281
16 years$4,563$3,863$3,255$2,732$2,285$1,069
17 years$4,250$3,557$2,962$2,454$2,026$894
18 years$3,972$3,287$2,704$2,212$1,801$750
19 years$3,724$3,046$2,475$1,999$1,605$629
20 years$3,501$2,831$2,272$1,810$1,434$529
21 years$3,299$2,637$2,089$1,643$1,283$445
22 years$3,116$2,461$1,926$1,494$1,150$375
23 years$2,949$2,302$1,778$1,360$1,033$316
24 years$2,796$2,157$1,644$1,241$928$266
25 years$2,655$2,024$1,523$1,133$835$224
26 years$2,526$1,902$1,413$1,036$752$189
27 years$2,407$1,790$1,312$948$678$160
28 years$2,296$1,687$1,219$869$612$135
29 years$2,193$1,592$1,135$797$553$114
30 years$2,097$1,503$1,057$731$499$96
31 years$2,007$1,421$985$672$451$82
32 years$1,923$1,344$919$617$408$69
33 years$1,845$1,273$858$568$370$58
34 years$1,771$1,207$802$522$335$49
35 years$1,701$1,145$750$481$303$42
36 years$1,636$1,086$701$443$275$35
37 years$1,574$1,032$657$408$249$30
38 years$1,516$981$615$376$226$25
39 years$1,461$932$576$347$205$21
40 years$1,408$887$540$320$186$18
41 years$1,359$844$506$295$168$15
42 years$1,311$804$475$272$153$13
43 years$1,266$766$446$251$139$11
44 years$1,224$730$418$232$126$9
45 years$1,183$697$393$214$114$8
46 years$1,144$664$369$198$104$7
47 years$1,107$634$347$183$94$6
48 years$1,072$605$326$169$86$5
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 $4,395 every year, while hoping to spend $25,537 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: 58/24/18 Blend
49$1,030,000$1,030,000$1,030,000$1,030,000
50$1,139,593$1,085,003$1,069,038$1,200,067
51$1,228,661$1,110,997$1,077,680$1,267,587
52$1,325,957$1,137,409$1,085,755$1,337,993
53$1,432,295$1,164,232$1,093,218$1,414,169
54$1,548,568$1,191,459$1,100,020$1,496,676
55$1,675,762$1,219,081$1,106,111$1,586,133
56$1,814,961$1,247,087$1,111,437$1,683,219
57$1,967,359$1,275,466$1,115,942$1,788,686
58$2,134,270$1,304,204$1,119,567$1,903,358
59$2,317,143$1,333,288$1,122,249$2,028,145
60$2,517,572$1,362,699$1,123,925$2,164,052
61$2,737,314$1,392,420$1,124,526$2,312,184
62$2,978,301$1,422,431$1,123,979$2,473,757
63$3,242,666$1,452,708$1,122,210$2,650,115
64$3,532,754$1,483,227$1,119,141$2,842,735
65$3,851,150$1,513,960$1,114,687$3,053,249
66$4,200,702$1,544,878$1,108,763$3,283,452
67$4,584,544$1,575,948$1,101,278$3,535,323
68$5,006,133$1,607,135$1,092,136$3,811,045
69$5,469,274$1,638,400$1,081,238$4,113,021
70$5,978,160$1,669,701$1,068,478$4,443,902
71$6,537,408$1,700,993$1,053,749$4,806,609
72$7,152,109$1,732,227$1,036,935$5,204,359
73$7,827,868$1,763,349$1,017,915$5,640,700
74$8,570,860$1,794,303$996,566$6,119,543
75$9,387,891$1,825,028$972,754$6,645,196
76$10,286,458$1,855,456$946,343$7,222,410
77$11,274,820$1,885,516$917,189$7,856,419
78$12,362,078$1,915,133$885,141$8,552,993
79$13,558,259$1,944,223$850,042$9,318,490
80$14,874,411$1,972,700$811,728$10,159,921
81$16,322,706$2,000,467$770,026$11,085,008
82$17,916,557$2,027,425$724,757$12,102,266
83$19,670,743$2,053,466$675,733$13,221,080
84$21,601,546$2,078,473$622,758$14,451,791
85$23,726,910$2,102,324$565,626$15,805,798
86$26,066,603$2,124,887$504,124$17,295,665
87$28,642,412$2,146,021$438,027$18,935,238
88$31,478,338$2,165,577$367,101$20,739,779
89$34,600,833$2,183,395$291,103$22,726,108
90$38,039,041$2,199,304$209,778$24,912,764
91$41,825,078$2,213,124$122,860$27,320,178
92$45,994,331$2,224,662$30,071$29,970,868
93$50,585,795$2,233,713$0$32,889,654
94$55,642,439$2,240,059$0$36,117,132
95$61,211,614$2,243,467$0$39,677,229
96$67,345,494$2,243,693$0$43,597,452
97$74,101,575$2,240,474$0$47,914,481
98$81,543,211$2,233,533$0$52,668,740
99$89,740,217$2,222,574$0$57,904,779
100$98,769,525$2,207,286$0$63,671,689