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

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$85,056$84,299$83,560$82,838$82,134$79,031
2 years$42,107$41,323$40,563$39,826$39,111$36,021
3 years$27,793$27,005$26,247$25,517$24,814$21,834
4 years$20,637$19,852$19,101$18,384$17,697$14,850
5 years$16,344$15,564$14,823$14,120$13,453$10,746
6 years$13,484$12,709$11,979$11,292$10,645$8,080
7 years$11,441$10,673$9,955$9,284$8,657$6,233
8 years$9,910$9,149$8,443$7,788$7,182$4,897
9 years$8,720$7,966$7,272$6,634$6,048$3,899
10 years$7,768$7,021$6,339$5,718$5,154$3,136
11 years$6,990$6,251$5,581$4,977$4,432$2,542
12 years$6,342$5,610$4,953$4,365$3,841$2,073
13 years$5,794$5,070$4,425$3,854$3,349$1,699
14 years$5,325$4,609$3,976$3,421$2,936$1,398
15 years$4,918$4,210$3,590$3,051$2,585$1,154
16 years$4,563$3,863$3,255$2,732$2,285$954
17 years$4,250$3,557$2,962$2,454$2,026$791
18 years$3,972$3,287$2,704$2,212$1,801$657
19 years$3,724$3,046$2,475$1,999$1,605$547
20 years$3,501$2,831$2,272$1,810$1,434$455
21 years$3,299$2,637$2,089$1,643$1,283$379
22 years$3,116$2,461$1,926$1,494$1,150$317
23 years$2,949$2,302$1,778$1,360$1,033$264
24 years$2,796$2,157$1,644$1,241$928$221
25 years$2,655$2,024$1,523$1,133$835$184
26 years$2,526$1,902$1,413$1,036$752$154
27 years$2,407$1,790$1,312$948$678$129
28 years$2,296$1,687$1,219$869$612$108
29 years$2,193$1,592$1,135$797$553$90
30 years$2,097$1,503$1,057$731$499$75
31 years$2,007$1,421$985$672$451$63
32 years$1,923$1,344$919$617$408$53
33 years$1,845$1,273$858$568$370$44
34 years$1,771$1,207$802$522$335$37
35 years$1,701$1,145$750$481$303$31
36 years$1,636$1,086$701$443$275$26
37 years$1,574$1,032$657$408$249$22
38 years$1,516$981$615$376$226$18
39 years$1,461$932$576$347$205$15
40 years$1,408$887$540$320$186$13
41 years$1,359$844$506$295$168$11
42 years$1,311$804$475$272$153$9
43 years$1,266$766$446$251$139$7
44 years$1,224$730$418$232$126$6
45 years$1,183$697$393$214$114$5
46 years$1,144$664$369$198$104$4
47 years$1,107$634$347$183$94$4
48 years$1,072$605$326$169$86$3
49 years$1,038$578$306$156$78$3
50 years$1,006$552$288$144$71$2

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 $6,071 every year, while hoping to spend $26,139 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: 35/46/19 Blend
49$1,030,000$1,030,000$1,030,000$1,030,000
50$1,141,322$1,086,732$1,070,767$1,174,456
51$1,229,925$1,112,170$1,078,826$1,224,689
52$1,326,690$1,137,979$1,086,279$1,275,985
53$1,432,421$1,164,149$1,093,078$1,330,787
54$1,548,004$1,190,668$1,099,173$1,389,421
55$1,674,416$1,217,526$1,104,510$1,452,248
56$1,812,729$1,244,708$1,109,034$1,519,665
57$1,964,128$1,272,199$1,112,687$1,592,108
58$2,129,914$1,299,981$1,115,407$1,670,060
59$2,311,522$1,328,037$1,117,129$1,754,053
60$2,510,530$1,356,344$1,117,787$1,844,671
61$2,728,680$1,384,881$1,117,308$1,942,563
62$2,967,886$1,413,621$1,115,619$2,048,438
63$3,230,259$1,442,537$1,112,641$2,163,083
64$3,518,123$1,471,599$1,108,292$2,287,364
65$3,834,038$1,500,774$1,102,486$2,422,235
66$4,180,824$1,530,025$1,095,133$2,568,749
67$4,561,587$1,559,316$1,086,139$2,728,067
68$4,979,749$1,588,602$1,075,405$2,901,470
69$5,439,080$1,617,840$1,062,827$3,090,367
70$5,943,731$1,646,979$1,048,297$3,296,318
71$6,498,277$1,675,966$1,031,700$3,521,037
72$7,107,757$1,704,745$1,012,919$3,766,418
73$7,777,725$1,733,254$991,828$4,034,548
74$8,514,296$1,761,426$968,297$4,327,729
75$9,324,209$1,789,191$942,190$4,648,499
76$10,214,889$1,816,472$913,364$4,999,657
77$11,194,517$1,843,188$881,670$5,384,291
78$12,272,104$1,869,251$846,953$5,805,802
79$13,457,581$1,894,567$809,048$6,267,944
80$14,761,889$1,919,035$767,786$6,774,855
81$16,197,083$1,942,549$722,988$7,331,098
82$17,776,445$1,964,994$674,468$7,941,705
83$19,514,611$1,986,248$622,032$8,612,222
84$21,427,707$2,006,179$565,475$9,348,768
85$23,533,500$2,024,649$504,586$10,158,086
86$25,851,569$2,041,509$439,142$11,047,612
87$28,403,488$2,056,602$368,912$12,025,547
88$31,213,027$2,069,758$293,653$13,100,929
89$34,306,378$2,080,799$213,113$14,283,726
90$37,712,405$2,089,534$127,029$15,584,925
91$41,462,910$2,095,761$35,124$17,016,642
92$45,592,937$2,099,264$0$18,592,233
93$50,141,103$2,099,813$0$20,339,186
94$55,149,958$2,097,167$0$22,269,400
95$60,666,393$2,091,067$0$24,393,708
96$66,742,074$2,081,239$0$26,731,904
97$73,433,938$2,067,392$0$29,305,808
98$80,804,724$2,049,218$0$32,139,469
99$88,923,566$2,026,390$0$35,259,396
100$97,866,648$1,998,562$0$38,694,802