Can I retire at age 50 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$88,360$87,573$86,805$86,055$85,323$84,715
2 years$43,742$42,928$42,138$41,373$40,630$40,016
3 years$28,872$28,054$27,266$26,508$25,777$25,178
4 years$21,438$20,622$19,843$19,097$18,385$17,803
5 years$16,979$16,168$15,399$14,669$13,976$13,415
6 years$14,007$13,203$12,445$11,731$11,059$10,518
7 years$11,885$11,088$10,341$9,644$8,994$8,475
8 years$10,295$9,504$8,770$8,090$7,461$6,963
9 years$9,058$8,275$7,554$6,891$6,283$5,807
10 years$8,070$7,294$6,586$5,940$5,354$4,898
11 years$7,261$6,493$5,798$5,170$4,604$4,169
12 years$6,588$5,828$5,146$4,535$3,990$3,575
13 years$6,019$5,267$4,597$4,003$3,479$3,084
14 years$5,531$4,788$4,131$3,554$3,050$2,674
15 years$5,109$4,373$3,729$3,169$2,685$2,328
16 years$4,741$4,013$3,381$2,838$2,373$2,034
17 years$4,415$3,695$3,077$2,550$2,104$1,783
18 years$4,127$3,415$2,809$2,298$1,871$1,566
19 years$3,869$3,165$2,571$2,076$1,668$1,380
20 years$3,637$2,941$2,360$1,880$1,490$1,217
21 years$3,427$2,739$2,171$1,707$1,333$1,076
22 years$3,237$2,557$2,000$1,552$1,195$952
23 years$3,063$2,392$1,847$1,413$1,073$844
24 years$2,904$2,241$1,708$1,289$964$749
25 years$2,759$2,103$1,582$1,177$868$665
26 years$2,624$1,976$1,467$1,076$781$591
27 years$2,500$1,860$1,363$985$705$526
28 years$2,385$1,753$1,267$903$636$469
29 years$2,278$1,653$1,179$828$574$417
30 years$2,178$1,561$1,098$760$519$372
31 years$2,085$1,476$1,024$698$469$332
32 years$1,998$1,397$955$641$424$296
33 years$1,916$1,323$892$590$384$264
34 years$1,840$1,254$833$543$348$236
35 years$1,767$1,189$779$499$315$211
36 years$1,699$1,129$729$460$285$188
37 years$1,635$1,072$682$424$259$168
38 years$1,575$1,019$639$391$234$150
39 years$1,517$969$598$360$213$134
40 years$1,463$922$561$332$193$120
41 years$1,411$877$526$306$175$107
42 years$1,362$835$493$283$159$96
43 years$1,316$796$463$261$144$86
44 years$1,271$759$435$241$131$77
45 years$1,229$724$408$223$119$69
46 years$1,189$690$383$206$108$61
47 years$1,150$659$360$190$98$55
48 years$1,113$629$338$176$89$49
49 years$1,078$600$318$162$81$44
50 years$1,045$574$299$150$73$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,070,000, adding $2,242 every year, while hoping to spend $43,464 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: 52/28/20 Blend
49$1,070,000$1,070,000$1,070,000$1,070,000
50$1,181,453$1,124,743$1,108,158$1,236,265
51$1,255,715$1,133,610$1,099,036$1,283,107
52$1,336,096$1,141,454$1,088,151$1,329,330
53$1,423,173$1,148,181$1,075,400$1,378,679
54$1,517,582$1,153,687$1,060,671$1,431,466
55$1,620,022$1,157,864$1,043,850$1,488,035
56$1,731,262$1,160,597$1,024,816$1,548,770
57$1,852,147$1,161,763$1,003,444$1,614,091
58$1,983,608$1,161,231$979,601$1,684,468
59$2,126,668$1,158,863$953,149$1,760,417
60$2,282,453$1,154,512$923,945$1,842,510
61$2,452,202$1,148,022$891,836$1,931,382
62$2,637,279$1,139,228$856,665$2,027,732
63$2,839,185$1,127,954$818,267$2,132,334
64$3,059,572$1,114,014$776,469$2,246,046
65$3,300,259$1,097,210$731,091$2,369,814
66$3,563,246$1,077,335$681,943$2,504,685
67$3,850,739$1,054,166$628,830$2,651,816
68$4,165,163$1,027,469$571,545$2,812,487
69$4,509,191$996,996$509,872$2,988,112
70$4,885,763$962,484$443,588$3,180,252
71$5,298,120$923,654$372,457$3,390,634
72$5,749,829$880,214$296,235$3,621,166
73$6,244,818$831,850$214,665$3,873,954
74$6,787,413$778,235$127,481$4,151,326
75$7,382,381$719,020$34,403$4,455,852
76$8,034,969$653,837$0$4,790,373
77$8,750,957$582,297$0$5,171,880
78$9,536,714$503,989$0$5,598,715
79$10,399,252$418,478$0$6,067,419
80$11,346,298$325,305$0$6,582,285
81$12,386,362$223,987$0$7,148,047
82$13,528,819$114,010$0$7,769,925
83$14,783,996$0$0$8,453,680
84$16,163,271$0$0$9,207,254
85$17,679,178$0$0$10,074,199
86$19,345,527$0$0$11,027,298
87$21,177,530$0$0$12,075,267
88$23,191,948$0$0$13,227,710
89$25,407,247$0$0$14,495,206
90$27,843,773$0$0$15,889,411
91$30,523,942$0$0$17,423,171
92$33,472,452$0$0$19,110,634
93$36,716,514$0$0$20,967,393
94$40,286,111$0$0$23,010,627
95$44,214,279$0$0$25,259,264
96$48,537,419$0$0$27,734,162
97$53,295,637$0$0$30,458,300
98$58,533,127$0$0$33,457,001
99$64,298,582$0$0$36,758,166
100$70,645,660$0$0$40,392,539