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

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$86,708$85,936$85,182$84,447$83,728$80,375
2 years$42,925$42,125$41,351$40,599$39,871$36,534
3 years$28,332$27,529$26,757$26,012$25,296$22,081
4 years$21,037$20,237$19,472$18,740$18,041$14,973
5 years$16,662$15,866$15,111$14,394$13,715$10,801
6 years$13,745$12,956$12,212$11,511$10,852$8,094
7 years$11,663$10,880$10,148$9,464$8,825$6,223
8 years$10,102$9,326$8,606$7,939$7,322$4,871
9 years$8,889$8,120$7,413$6,762$6,166$3,864
10 years$7,919$7,158$6,463$5,829$5,254$3,096
11 years$7,125$6,372$5,690$5,073$4,518$2,500
12 years$6,465$5,719$5,049$4,450$3,915$2,031
13 years$5,906$5,168$4,511$3,929$3,414$1,657
14 years$5,428$4,698$4,053$3,487$2,993$1,358
15 years$5,014$4,292$3,660$3,110$2,635$1,116
16 years$4,652$3,938$3,318$2,785$2,329$919
17 years$4,333$3,626$3,019$2,502$2,065$759
18 years$4,049$3,351$2,756$2,255$1,836$627
19 years$3,796$3,106$2,523$2,037$1,637$519
20 years$3,569$2,886$2,316$1,845$1,462$431
21 years$3,363$2,688$2,130$1,675$1,308$357
22 years$3,176$2,509$1,963$1,523$1,173$297
23 years$3,006$2,347$1,813$1,387$1,053$246
24 years$2,850$2,199$1,676$1,265$946$205
25 years$2,707$2,063$1,553$1,155$851$170
26 years$2,575$1,939$1,440$1,056$767$142
27 years$2,453$1,825$1,337$967$691$118
28 years$2,340$1,720$1,243$886$624$98
29 years$2,235$1,622$1,157$812$563$82
30 years$2,137$1,532$1,077$745$509$68
31 years$2,046$1,448$1,004$685$460$57
32 years$1,961$1,371$937$629$416$47
33 years$1,880$1,298$875$579$377$39
34 years$1,805$1,230$818$532$341$33
35 years$1,734$1,167$764$490$309$27
36 years$1,668$1,107$715$451$280$23
37 years$1,605$1,052$669$416$254$19
38 years$1,545$1,000$627$383$230$16
39 years$1,489$951$587$353$209$13
40 years$1,436$904$550$326$189$11
41 years$1,385$861$516$301$172$9
42 years$1,337$820$484$278$156$8
43 years$1,291$781$454$256$141$6
44 years$1,248$745$426$237$128$5
45 years$1,206$710$400$218$116$4
46 years$1,167$677$376$202$106$4
47 years$1,129$646$353$186$96$3
48 years$1,093$617$332$172$87$3
49 years$1,058$589$312$159$79$2
50 years$1,025$563$293$147$72$2

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 $2,359 every year, while hoping to spend $34,832 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: 49/32/19 Blend
49$1,050,000$1,050,000$1,050,000$1,050,000
50$1,159,533$1,103,883$1,087,608$1,210,069
51$1,240,745$1,120,913$1,086,982$1,262,360
52$1,329,072$1,137,609$1,085,168$1,315,387
53$1,425,205$1,153,919$1,082,088$1,372,254
54$1,529,901$1,169,786$1,077,663$1,433,335
55$1,643,995$1,185,150$1,071,809$1,499,043
56$1,768,405$1,199,945$1,064,437$1,569,836
57$1,904,142$1,214,101$1,055,455$1,646,218
58$2,052,317$1,227,545$1,044,766$1,728,745
59$2,214,156$1,240,197$1,032,268$1,818,032
60$2,391,006$1,251,973$1,017,855$1,914,758
61$2,584,352$1,262,783$1,001,416$2,019,672
62$2,795,827$1,272,531$982,835$2,133,603
63$3,027,230$1,281,114$961,989$2,257,462
64$3,280,543$1,288,424$938,751$2,392,258
65$3,557,946$1,294,344$912,987$2,539,105
66$3,861,843$1,298,753$884,558$2,699,230
67$4,194,878$1,301,519$853,318$2,873,990
68$4,559,965$1,302,503$819,114$3,064,882
69$4,960,313$1,301,557$781,786$3,273,557
70$5,399,456$1,298,525$741,167$3,501,839
71$5,881,288$1,293,240$697,083$3,751,739
72$6,410,095$1,285,525$649,351$4,025,478
73$6,990,602$1,275,193$597,782$4,325,507
74$7,628,011$1,262,044$542,175$4,654,528
75$8,328,053$1,245,869$482,322$5,015,526
76$9,097,042$1,226,445$418,008$5,411,792
77$9,941,933$1,203,533$349,004$5,846,958
78$10,870,388$1,176,884$275,073$6,325,030
79$11,890,848$1,146,232$195,969$6,850,430
80$13,012,613$1,111,296$111,432$7,428,034
81$14,245,929$1,071,778$21,194$8,063,221
82$15,602,083$1,027,365$0$8,761,927
83$17,093,511$977,721$0$9,545,923
84$18,733,915$922,495$0$10,412,779
85$20,538,391$861,315$0$11,366,219
86$22,523,574$793,786$0$12,415,093
87$24,707,788$719,491$0$13,569,156
88$27,111,226$637,990$0$14,839,163
89$29,756,138$548,818$0$16,236,972
90$32,667,037$451,483$0$17,775,654
91$35,870,934$345,465$0$19,469,620
92$39,397,592$230,216$0$21,334,756
93$43,279,806$105,156$0$23,388,576
94$47,553,712$0$0$25,650,387
95$52,259,125$0$0$28,152,149
96$57,439,921$0$0$30,947,574
97$63,144,445$0$0$34,025,734
98$69,425,968$0$0$37,415,394
99$76,343,191$0$0$41,148,250
100$83,960,799$0$0$45,259,225