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%15.3%
1 years$86,708$85,936$85,182$84,447$83,728$81,904
2 years$42,925$42,125$41,351$40,599$39,871$38,042
3 years$28,332$27,529$26,757$26,012$25,296$23,519
4 years$21,037$20,237$19,472$18,740$18,041$16,331
5 years$16,662$15,866$15,111$14,394$13,715$12,076
6 years$13,745$12,956$12,212$11,511$10,852$9,286
7 years$11,663$10,880$10,148$9,464$8,825$7,333
8 years$10,102$9,326$8,606$7,939$7,322$5,901
9 years$8,889$8,120$7,413$6,762$6,166$4,817
10 years$7,919$7,158$6,463$5,829$5,254$3,975
11 years$7,125$6,372$5,690$5,073$4,518$3,308
12 years$6,465$5,719$5,049$4,450$3,915$2,772
13 years$5,906$5,168$4,511$3,929$3,414$2,336
14 years$5,428$4,698$4,053$3,487$2,993$1,977
15 years$5,014$4,292$3,660$3,110$2,635$1,679
16 years$4,652$3,938$3,318$2,785$2,329$1,431
17 years$4,333$3,626$3,019$2,502$2,065$1,223
18 years$4,049$3,351$2,756$2,255$1,836$1,047
19 years$3,796$3,106$2,523$2,037$1,637$898
20 years$3,569$2,886$2,316$1,845$1,462$772
21 years$3,363$2,688$2,130$1,675$1,308$664
22 years$3,176$2,509$1,963$1,523$1,173$572
23 years$3,006$2,347$1,813$1,387$1,053$493
24 years$2,850$2,199$1,676$1,265$946$425
25 years$2,707$2,063$1,553$1,155$851$367
26 years$2,575$1,939$1,440$1,056$767$317
27 years$2,453$1,825$1,337$967$691$274
28 years$2,340$1,720$1,243$886$624$237
29 years$2,235$1,622$1,157$812$563$205
30 years$2,137$1,532$1,077$745$509$178
31 years$2,046$1,448$1,004$685$460$154
32 years$1,961$1,371$937$629$416$133
33 years$1,880$1,298$875$579$377$115
34 years$1,805$1,230$818$532$341$100
35 years$1,734$1,167$764$490$309$86
36 years$1,668$1,107$715$451$280$75
37 years$1,605$1,052$669$416$254$65
38 years$1,545$1,000$627$383$230$56
39 years$1,489$951$587$353$209$49
40 years$1,436$904$550$326$189$42
41 years$1,385$861$516$301$172$37
42 years$1,337$820$484$278$156$32
43 years$1,291$781$454$256$141$28
44 years$1,248$745$426$237$128$24
45 years$1,206$710$400$218$116$21
46 years$1,167$677$376$202$106$18
47 years$1,129$646$353$186$96$16
48 years$1,093$617$332$172$87$14
49 years$1,058$589$312$159$79$12
50 years$1,025$563$293$147$72$10

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 $2,748 every year, while hoping to spend $35,766 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: 72/13/15 Blend
49$1,050,000$1,050,000$1,050,000$1,050,000
50$1,159,935$1,104,285$1,088,010$1,239,358
51$1,240,193$1,120,340$1,086,403$1,308,448
52$1,327,439$1,135,983$1,083,544$1,379,464
53$1,422,348$1,151,156$1,079,353$1,456,293
54$1,525,662$1,165,797$1,073,746$1,539,502
55$1,638,199$1,179,840$1,066,635$1,629,717
56$1,760,857$1,193,215$1,057,930$1,727,629
57$1,894,627$1,205,844$1,047,532$1,833,996
58$2,040,597$1,217,649$1,035,343$1,949,657
59$2,199,967$1,228,543$1,021,256$2,075,536
60$2,374,056$1,238,434$1,005,161$2,212,649
61$2,564,318$1,247,225$986,941$2,362,119
62$2,772,351$1,254,812$966,477$2,525,182
63$2,999,918$1,261,085$943,641$2,703,201
64$3,248,958$1,265,926$918,301$2,897,679
65$3,521,606$1,269,211$890,318$3,110,270
66$3,820,213$1,270,806$859,548$3,342,802
67$4,147,369$1,270,570$825,837$3,597,284
68$4,505,927$1,268,354$789,029$3,875,937
69$4,899,026$1,263,998$748,956$4,181,204
70$5,330,127$1,257,334$705,446$4,515,780
71$5,803,039$1,248,182$658,318$4,882,637
72$6,321,959$1,236,353$607,381$5,285,048
73$6,891,510$1,221,646$552,439$5,726,625
74$7,516,783$1,203,846$493,286$6,211,345
75$8,203,388$1,182,727$429,704$6,743,595
76$8,957,503$1,158,050$361,468$7,328,211
77$9,785,936$1,129,561$288,344$7,970,522
78$10,696,183$1,096,992$210,086$8,676,403
79$11,696,506$1,060,057$126,436$9,452,330
80$12,796,006$1,018,456$37,128$10,305,441
81$14,004,707$971,869$0$11,243,605
82$15,333,657$919,961$0$12,284,806
83$16,795,025$862,373$0$13,436,240
84$18,402,218$798,730$0$14,702,546
85$20,170,009$728,633$0$16,095,388
86$22,114,674$651,660$0$17,627,625
87$24,254,145$567,365$0$19,313,423
88$26,608,181$475,280$0$21,168,394
89$29,198,553$374,906$0$23,209,746
90$32,049,247$265,718$0$25,456,437
91$35,186,694$147,161$0$27,929,363
92$38,640,015$18,651$0$30,651,551
93$42,441,301$0$0$33,648,376
94$46,625,907$0$0$36,965,031
95$51,232,795$0$0$40,619,380
96$56,304,892$0$0$44,642,817
97$61,889,505$0$0$49,072,871
98$68,038,755$0$0$53,950,901
99$74,810,079$0$0$59,322,477
100$82,266,766$0$0$65,237,814