Can I retire at age 50 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$85,882$85,117$84,371$83,642$82,931$81,058
2 years$42,516$41,724$40,957$40,213$39,491$37,614
3 years$28,062$27,267$26,502$25,765$25,055$23,232
4 years$20,837$20,044$19,286$18,562$17,869$16,115
5 years$16,503$15,715$14,967$14,257$13,584$11,904
6 years$13,615$12,832$12,096$11,402$10,748$9,144
7 years$11,552$10,777$10,052$9,374$8,741$7,212
8 years$10,006$9,238$8,524$7,864$7,252$5,798
9 years$8,804$8,043$7,342$6,698$6,107$4,727
10 years$7,843$7,089$6,401$5,774$5,204$3,896
11 years$7,058$6,311$5,635$5,025$4,475$3,238
12 years$6,403$5,665$5,001$4,408$3,878$2,710
13 years$5,850$5,119$4,468$3,891$3,382$2,280
14 years$5,376$4,653$4,015$3,454$2,964$1,927
15 years$4,966$4,251$3,625$3,081$2,610$1,635
16 years$4,608$3,900$3,286$2,758$2,307$1,391
17 years$4,292$3,592$2,991$2,478$2,045$1,187
18 years$4,011$3,319$2,730$2,233$1,819$1,015
19 years$3,760$3,076$2,499$2,018$1,621$869
20 years$3,535$2,858$2,294$1,828$1,448$746
21 years$3,331$2,662$2,110$1,659$1,296$640
22 years$3,146$2,485$1,944$1,508$1,161$551
23 years$2,977$2,324$1,795$1,374$1,043$474
24 years$2,823$2,178$1,660$1,253$937$408
25 years$2,681$2,044$1,538$1,144$843$352
26 years$2,551$1,921$1,426$1,046$760$304
27 years$2,430$1,808$1,324$958$685$262
28 years$2,318$1,703$1,231$877$618$226
29 years$2,214$1,607$1,146$805$558$195
30 years$2,117$1,518$1,067$738$504$169
31 years$2,027$1,435$995$678$456$146
32 years$1,942$1,357$928$623$412$126
33 years$1,862$1,286$867$573$373$109
34 years$1,788$1,218$810$527$338$94
35 years$1,718$1,156$757$485$306$82
36 years$1,652$1,097$708$447$277$71
37 years$1,589$1,042$663$412$251$61
38 years$1,530$990$621$380$228$53
39 years$1,475$941$582$350$207$46
40 years$1,422$896$545$323$187$40
41 years$1,372$853$511$298$170$34
42 years$1,324$812$480$275$154$30
43 years$1,279$774$450$254$140$26
44 years$1,236$738$422$234$127$22
45 years$1,195$703$397$216$115$19
46 years$1,155$671$372$200$105$17
47 years$1,118$640$350$185$95$14
48 years$1,082$611$329$171$86$12
49 years$1,048$584$309$158$78$11
50 years$1,015$558$291$146$71$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,040,000, adding $3,037 every year, while hoping to spend $52,424 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: 46/43/11 Blend
49$1,040,000$1,040,000$1,040,000$1,040,000
50$1,149,213$1,094,093$1,077,973$1,198,396
51$1,210,654$1,091,924$1,058,306$1,230,550
52$1,276,605$1,087,893$1,036,224$1,259,779
53$1,347,470$1,081,852$1,011,589$1,290,307
54$1,423,694$1,073,645$984,259$1,322,271
55$1,505,765$1,063,107$954,086$1,355,830
56$1,594,218$1,050,065$920,913$1,391,156
57$1,689,642$1,034,331$884,577$1,428,448
58$1,792,682$1,015,710$844,907$1,467,923
59$1,904,049$993,994$801,725$1,509,829
60$2,024,524$968,961$754,845$1,554,441
61$2,154,965$940,379$704,071$1,602,066
62$2,296,315$908,001$649,201$1,653,048
63$2,449,611$871,565$590,021$1,707,771
64$2,615,994$830,795$526,309$1,766,663
65$2,796,718$785,397$457,834$1,830,202
66$2,993,164$735,062$384,352$1,898,920
67$3,206,850$679,463$305,611$1,973,412
68$3,439,445$618,254$221,346$2,054,336
69$3,692,789$551,068$131,281$2,142,430
70$3,968,903$477,520$35,129$2,238,512
71$4,270,013$397,201$0$2,343,491
72$4,598,570$309,679$0$2,466,299
73$4,957,269$214,498$0$2,605,056
74$5,349,079$111,177$0$2,756,922
75$5,777,269$0$0$2,923,323
76$6,245,435$0$0$3,106,216
77$6,757,538$0$0$3,363,931
78$7,317,941$0$0$3,646,070
79$7,931,446$0$0$3,955,066
80$8,603,342$0$0$4,293,599
81$9,339,451$0$0$4,664,618
82$10,146,189$0$0$5,071,372
83$11,030,618$0$0$5,517,441
84$12,000,519$0$0$6,006,766
85$13,064,461$0$0$6,543,689
86$14,231,881$0$0$7,132,990
87$15,513,175$0$0$7,779,939
88$16,919,795$0$0$8,490,337
89$18,464,355$0$0$9,270,576
90$20,160,751$0$0$10,127,697
91$22,024,289$0$0$11,069,458
92$24,071,834$0$0$12,104,404
93$26,321,961$0$0$13,241,949
94$28,795,138$0$0$14,492,464
95$31,513,911$0$0$15,867,377
96$34,503,122$0$0$17,379,277
97$37,790,139$0$0$19,042,033
98$41,405,113$0$0$20,870,928
99$45,381,267$0$0$22,882,798
100$49,755,202$0$0$25,096,195