Can I retire at age 50 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$86,708$85,936$85,182$84,447$83,728$81,605
2 years$42,925$42,125$41,351$40,599$39,871$37,745
3 years$28,332$27,529$26,757$26,012$25,296$23,234
4 years$21,037$20,237$19,472$18,740$18,041$16,060
5 years$16,662$15,866$15,111$14,394$13,715$11,819
6 years$13,745$12,956$12,212$11,511$10,852$9,044
7 years$11,663$10,880$10,148$9,464$8,825$7,106
8 years$10,102$9,326$8,606$7,939$7,322$5,689
9 years$8,889$8,120$7,413$6,762$6,166$4,619
10 years$7,919$7,158$6,463$5,829$5,254$3,790
11 years$7,125$6,372$5,690$5,073$4,518$3,136
12 years$6,465$5,719$5,049$4,450$3,915$2,613
13 years$5,906$5,168$4,511$3,929$3,414$2,188
14 years$5,428$4,698$4,053$3,487$2,993$1,841
15 years$5,014$4,292$3,660$3,110$2,635$1,554
16 years$4,652$3,938$3,318$2,785$2,329$1,316
17 years$4,333$3,626$3,019$2,502$2,065$1,117
18 years$4,049$3,351$2,756$2,255$1,836$950
19 years$3,796$3,106$2,523$2,037$1,637$809
20 years$3,569$2,886$2,316$1,845$1,462$691
21 years$3,363$2,688$2,130$1,675$1,308$590
22 years$3,176$2,509$1,963$1,523$1,173$505
23 years$3,006$2,347$1,813$1,387$1,053$432
24 years$2,850$2,199$1,676$1,265$946$370
25 years$2,707$2,063$1,553$1,155$851$317
26 years$2,575$1,939$1,440$1,056$767$272
27 years$2,453$1,825$1,337$967$691$233
28 years$2,340$1,720$1,243$886$624$200
29 years$2,235$1,622$1,157$812$563$172
30 years$2,137$1,532$1,077$745$509$148
31 years$2,046$1,448$1,004$685$460$127
32 years$1,961$1,371$937$629$416$109
33 years$1,880$1,298$875$579$377$94
34 years$1,805$1,230$818$532$341$81
35 years$1,734$1,167$764$490$309$69
36 years$1,668$1,107$715$451$280$60
37 years$1,605$1,052$669$416$254$51
38 years$1,545$1,000$627$383$230$44
39 years$1,489$951$587$353$209$38
40 years$1,436$904$550$326$189$33
41 years$1,385$861$516$301$172$28
42 years$1,337$820$484$278$156$24
43 years$1,291$781$454$256$141$21
44 years$1,248$745$426$237$128$18
45 years$1,206$710$400$218$116$15
46 years$1,167$677$376$202$106$13
47 years$1,129$646$353$186$96$11
48 years$1,093$617$332$172$87$10
49 years$1,058$589$312$159$79$8
50 years$1,025$563$293$147$72$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,050,000, adding $5,329 every year, while hoping to spend $57,738 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: 66/25/9 Blend
49$1,050,000$1,050,000$1,050,000$1,050,000
50$1,162,597$1,106,947$1,090,672$1,236,872
51$1,219,749$1,099,754$1,065,777$1,279,765
52$1,280,795$1,090,275$1,038,112$1,319,266
53$1,346,073$1,078,334$1,007,525$1,360,932
54$1,415,949$1,063,749$973,854$1,404,967
55$1,490,829$1,046,326$936,931$1,451,601
56$1,571,156$1,025,859$896,581$1,501,085
57$1,657,417$1,002,129$852,619$1,553,698
58$1,750,145$974,905$804,854$1,609,751
59$1,849,927$943,943$753,084$1,669,588
60$1,957,407$908,983$697,100$1,733,590
61$2,073,292$869,753$636,682$1,802,179
62$2,198,358$825,961$571,601$1,875,822
63$2,333,459$777,302$501,618$1,955,038
64$2,479,533$723,450$426,483$2,040,401
65$2,637,610$664,064$345,935$2,132,547
66$2,808,824$598,781$259,702$2,232,179
67$2,994,420$527,217$167,498$2,340,077
68$3,195,769$448,968$69,027$2,457,105
69$3,414,376$363,607$0$2,584,216
70$3,651,900$270,681$0$2,725,931
71$3,910,162$169,713$0$2,887,255
72$4,191,170$60,199$0$3,062,880
73$4,497,128$0$0$3,254,270
74$4,830,465$0$0$3,479,108
75$5,193,854$0$0$3,742,331
76$5,590,234$0$0$4,029,516
77$6,022,844$0$0$4,343,016
78$6,495,246$0$0$4,685,421
79$7,011,361$0$0$5,059,583
80$7,575,510$0$0$5,468,642
81$8,192,444$0$0$5,916,054
82$8,867,399$0$0$6,405,624
83$9,606,138$0$0$6,941,544
84$10,415,008$0$0$7,528,427
85$11,300,997$0$0$8,171,357
86$12,271,803$0$0$8,875,928
87$13,335,901$0$0$9,648,306
88$14,502,627$0$0$10,495,277
89$15,782,263$0$0$11,424,320
90$17,186,133$0$0$12,443,668
91$18,726,711$0$0$13,562,392
92$20,417,737$0$0$14,790,485
93$22,274,347$0$0$16,138,952
94$24,313,211$0$0$17,619,918
95$26,552,697$0$0$19,246,738
96$29,013,035$0$0$21,034,126
97$31,716,515$0$0$22,998,291
98$34,687,691$0$0$25,157,089
99$37,953,613$0$0$27,530,193
100$41,544,085$0$0$30,139,276