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%13.2%
1 years$85,056$84,299$83,560$82,838$82,134$81,040
2 years$42,107$41,323$40,563$39,826$39,111$38,011
3 years$27,793$27,005$26,247$25,517$24,814$23,742
4 years$20,637$19,852$19,101$18,384$17,697$16,661
5 years$16,344$15,564$14,823$14,120$13,453$12,456
6 years$13,484$12,709$11,979$11,292$10,645$9,688
7 years$11,441$10,673$9,955$9,284$8,657$7,741
8 years$9,910$9,149$8,443$7,788$7,182$6,306
9 years$8,720$7,966$7,272$6,634$6,048$5,213
10 years$7,768$7,021$6,339$5,718$5,154$4,357
11 years$6,990$6,251$5,581$4,977$4,432$3,675
12 years$6,342$5,610$4,953$4,365$3,841$3,121
13 years$5,794$5,070$4,425$3,854$3,349$2,666
14 years$5,325$4,609$3,976$3,421$2,936$2,289
15 years$4,918$4,210$3,590$3,051$2,585$1,973
16 years$4,563$3,863$3,255$2,732$2,285$1,706
17 years$4,250$3,557$2,962$2,454$2,026$1,480
18 years$3,972$3,287$2,704$2,212$1,801$1,286
19 years$3,724$3,046$2,475$1,999$1,605$1,121
20 years$3,501$2,831$2,272$1,810$1,434$978
21 years$3,299$2,637$2,089$1,643$1,283$855
22 years$3,116$2,461$1,926$1,494$1,150$748
23 years$2,949$2,302$1,778$1,360$1,033$656
24 years$2,796$2,157$1,644$1,241$928$575
25 years$2,655$2,024$1,523$1,133$835$505
26 years$2,526$1,902$1,413$1,036$752$444
27 years$2,407$1,790$1,312$948$678$390
28 years$2,296$1,687$1,219$869$612$343
29 years$2,193$1,592$1,135$797$553$302
30 years$2,097$1,503$1,057$731$499$266
31 years$2,007$1,421$985$672$451$234
32 years$1,923$1,344$919$617$408$206
33 years$1,845$1,273$858$568$370$182
34 years$1,771$1,207$802$522$335$160
35 years$1,701$1,145$750$481$303$141
36 years$1,636$1,086$701$443$275$125
37 years$1,574$1,032$657$408$249$110
38 years$1,516$981$615$376$226$97
39 years$1,461$932$576$347$205$86
40 years$1,408$887$540$320$186$76
41 years$1,359$844$506$295$168$67
42 years$1,311$804$475$272$153$59
43 years$1,266$766$446$251$139$52
44 years$1,224$730$418$232$126$46
45 years$1,183$697$393$214$114$41
46 years$1,144$664$369$198$104$36
47 years$1,107$634$347$183$94$32
48 years$1,072$605$326$169$86$28
49 years$1,038$578$306$156$78$25
50 years$1,006$552$288$144$71$22

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 $6,287 every year, while hoping to spend $23,041 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: 88/6/6 Blend
49$1,030,000$1,030,000$1,030,000$1,030,000
50$1,141,545$1,086,955$1,070,990$1,241,236
51$1,233,467$1,115,700$1,082,353$1,335,828
52$1,333,993$1,145,082$1,093,324$1,435,917
53$1,443,976$1,175,107$1,103,866$1,545,193
54$1,564,356$1,205,781$1,113,940$1,664,565
55$1,696,167$1,237,111$1,123,503$1,795,035
56$1,840,548$1,269,102$1,132,513$1,937,706
57$1,998,755$1,301,758$1,140,923$2,093,790
58$2,172,168$1,335,085$1,148,684$2,264,627
59$2,362,310$1,369,085$1,155,746$2,451,687
60$2,570,857$1,403,761$1,162,054$2,656,595
61$2,799,655$1,439,116$1,167,554$2,881,137
62$3,050,737$1,475,150$1,172,184$3,127,281
63$3,326,343$1,511,863$1,175,883$3,397,196
64$3,628,940$1,549,255$1,178,586$3,693,270
65$3,961,247$1,587,324$1,180,223$4,018,135
66$4,326,257$1,626,065$1,180,724$4,374,690
67$4,727,269$1,665,476$1,180,011$4,766,127
68$5,167,915$1,705,549$1,178,006$5,195,966
69$5,652,199$1,746,277$1,174,626$5,668,083
70$6,184,530$1,787,652$1,169,783$6,186,748
71$6,769,767$1,829,661$1,163,385$6,756,667
72$7,413,261$1,872,293$1,155,337$7,383,022
73$8,120,912$1,915,533$1,145,539$8,071,528
74$8,899,215$1,959,364$1,133,884$8,828,475
75$9,755,328$2,003,767$1,120,263$9,660,799
76$10,697,140$2,048,720$1,104,560$10,576,140
77$11,733,340$2,094,199$1,086,655$11,582,916
78$12,873,502$2,140,176$1,066,419$12,690,403
79$14,128,177$2,186,623$1,043,722$13,908,822
80$15,508,989$2,233,505$1,018,424$15,249,434
81$17,028,745$2,280,786$990,381$16,724,649
82$18,701,558$2,328,425$959,439$18,348,142
83$20,542,978$2,376,379$925,442$20,134,979
84$22,570,140$2,424,600$888,222$22,101,763
85$24,801,923$2,473,034$847,607$24,266,791
86$27,259,132$2,521,625$803,414$26,650,221
87$29,964,689$2,570,311$755,454$29,274,269
88$32,943,855$2,619,023$703,529$32,163,415
89$36,224,462$2,667,690$647,432$35,344,632
90$39,837,183$2,716,232$586,946$38,847,645
91$43,815,812$2,764,564$521,845$42,705,211
92$48,197,591$2,812,594$451,893$46,953,423
93$53,023,557$2,860,223$376,844$51,632,057
94$58,338,932$2,907,345$296,439$56,784,944
95$64,193,544$2,953,846$210,411$62,460,382
96$70,642,303$2,999,603$118,478$68,711,596
97$77,745,718$3,044,484$20,347$75,597,239
98$85,570,466$3,088,347$0$83,181,943
99$94,190,020$3,131,043$0$91,542,334
100$103,685,347$3,172,409$0$100,753,238