Can I retire at age 50 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$87,534$86,754$85,993$85,251$84,526$82,550
2 years$43,334$42,527$41,744$40,986$40,250$38,271
3 years$28,602$27,792$27,011$26,260$25,537$23,615
4 years$21,238$20,430$19,657$18,919$18,213$16,364
5 years$16,820$16,017$15,255$14,532$13,845$12,075
6 years$13,876$13,079$12,328$11,621$10,955$9,265
7 years$11,774$10,984$10,245$9,554$8,909$7,300
8 years$10,199$9,415$8,688$8,015$7,391$5,861
9 years$8,974$8,198$7,483$6,827$6,225$4,773
10 years$7,994$7,226$6,524$5,885$5,304$3,929
11 years$7,193$6,433$5,744$5,122$4,561$3,262
12 years$6,526$5,774$5,097$4,492$3,953$2,726
13 years$5,963$5,218$4,554$3,966$3,447$2,291
14 years$5,480$4,743$4,092$3,521$3,021$1,933
15 years$5,062$4,333$3,695$3,140$2,660$1,638
16 years$4,696$3,975$3,350$2,811$2,351$1,392
17 years$4,374$3,661$3,048$2,526$2,085$1,186
18 years$4,088$3,383$2,782$2,276$1,854$1,012
19 years$3,832$3,135$2,547$2,057$1,652$866
20 years$3,603$2,913$2,338$1,863$1,476$741
21 years$3,395$2,714$2,150$1,691$1,321$636
22 years$3,206$2,533$1,982$1,537$1,184$546
23 years$3,035$2,369$1,830$1,400$1,063$469
24 years$2,877$2,220$1,692$1,277$955$404
25 years$2,733$2,083$1,567$1,166$859$347
26 years$2,600$1,958$1,454$1,066$774$299
27 years$2,477$1,843$1,350$976$698$258
28 years$2,363$1,736$1,255$894$630$222
29 years$2,256$1,638$1,168$820$569$192
30 years$2,158$1,547$1,088$753$514$165
31 years$2,065$1,462$1,014$691$465$143
32 years$1,979$1,384$946$635$420$123
33 years$1,898$1,310$883$584$380$106
34 years$1,822$1,242$825$537$344$92
35 years$1,751$1,178$772$495$312$79
36 years$1,684$1,118$722$456$283$68
37 years$1,620$1,062$676$420$256$59
38 years$1,560$1,009$633$387$232$51
39 years$1,503$960$593$357$211$44
40 years$1,449$913$556$329$191$38
41 years$1,398$869$521$304$173$33
42 years$1,350$828$489$280$157$28
43 years$1,303$789$459$259$143$25
44 years$1,259$752$430$239$130$21
45 years$1,218$717$404$221$118$18
46 years$1,178$684$380$204$107$16
47 years$1,140$653$357$188$97$14
48 years$1,103$623$335$174$88$12
49 years$1,068$595$315$161$80$10
50 years$1,035$568$296$149$73$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,060,000, adding $2,019 every year, while hoping to spend $24,187 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: 29/42/29 Blend
49$1,060,000$1,060,000$1,060,000$1,060,000
50$1,170,203$1,114,023$1,097,593$1,193,630
51$1,263,828$1,142,875$1,108,627$1,241,235
52$1,366,194$1,172,330$1,119,221$1,290,150
53$1,478,164$1,202,393$1,129,333$1,342,259
54$1,600,692$1,233,066$1,138,922$1,397,856
55$1,734,829$1,264,352$1,147,942$1,457,265
56$1,881,730$1,296,254$1,156,346$1,520,841
57$2,042,668$1,328,773$1,164,086$1,588,976
58$2,219,046$1,361,908$1,171,108$1,662,105
59$2,412,407$1,395,659$1,177,358$1,740,703
60$2,624,452$1,430,026$1,182,779$1,825,297
61$2,857,053$1,465,005$1,187,310$1,916,465
62$3,112,275$1,500,592$1,190,887$2,014,846
63$3,392,389$1,536,783$1,193,443$2,121,144
64$3,699,899$1,573,572$1,194,910$2,236,136
65$4,037,561$1,610,949$1,195,212$2,360,677
66$4,408,413$1,648,907$1,194,273$2,495,711
67$4,815,802$1,687,434$1,192,011$2,642,278
68$5,263,413$1,726,517$1,188,342$2,801,525
69$5,755,306$1,766,142$1,183,177$2,974,716
70$6,295,956$1,806,292$1,176,422$3,163,247
71$6,890,291$1,846,947$1,167,980$3,368,654
72$7,543,741$1,888,088$1,157,748$3,592,632
73$8,262,288$1,929,689$1,145,617$3,837,052
74$9,052,522$1,971,726$1,131,477$4,103,973
75$9,921,707$2,014,167$1,115,209$4,395,669
76$10,877,841$2,056,982$1,096,689$4,714,646
77$11,929,742$2,100,135$1,075,788$5,063,665
78$13,087,120$2,143,586$1,052,372$5,445,775
79$14,360,679$2,187,294$1,026,298$5,864,333
80$15,762,208$2,231,211$997,419$6,323,043
81$17,304,701$2,275,288$965,580$6,825,989
82$19,002,472$2,319,469$930,619$7,377,672
83$20,871,296$2,363,695$892,367$7,983,058
84$22,928,553$2,407,901$850,646$8,647,619
85$25,193,394$2,452,017$805,272$9,377,390
86$27,686,922$2,495,968$756,050$10,179,022
87$30,432,390$2,539,672$702,780$11,059,852
88$33,455,420$2,583,042$645,249$12,027,965
89$36,784,245$2,625,983$583,237$13,092,277
90$40,449,976$2,668,394$516,513$14,262,616
91$44,486,894$2,710,166$444,837$15,549,818
92$48,932,775$2,751,182$367,956$16,965,829
93$53,829,244$2,791,316$285,609$18,523,818
94$59,222,171$2,830,435$197,522$20,238,302
95$65,162,101$2,868,394$103,407$22,125,285
96$71,704,731$2,905,041$2,966$24,202,411
97$78,911,435$2,940,210$0$26,489,127
98$86,849,848$2,973,726$0$29,039,123
99$95,594,496$3,005,402$0$31,846,859
100$105,227,506$3,035,039$0$34,937,572