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

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$88,360$87,573$86,805$86,055$85,323$83,159
2 years$43,742$42,928$42,138$41,373$40,630$38,464
3 years$28,872$28,054$27,266$26,508$25,777$23,677
4 years$21,438$20,622$19,843$19,097$18,385$16,366
5 years$16,979$16,168$15,399$14,669$13,976$12,044
6 years$14,007$13,203$12,445$11,731$11,059$9,216
7 years$11,885$11,088$10,341$9,644$8,994$7,241
8 years$10,295$9,504$8,770$8,090$7,461$5,797
9 years$9,058$8,275$7,554$6,891$6,283$4,707
10 years$8,070$7,294$6,586$5,940$5,354$3,862
11 years$7,261$6,493$5,798$5,170$4,604$3,196
12 years$6,588$5,828$5,146$4,535$3,990$2,662
13 years$6,019$5,267$4,597$4,003$3,479$2,230
14 years$5,531$4,788$4,131$3,554$3,050$1,876
15 years$5,109$4,373$3,729$3,169$2,685$1,583
16 years$4,741$4,013$3,381$2,838$2,373$1,341
17 years$4,415$3,695$3,077$2,550$2,104$1,138
18 years$4,127$3,415$2,809$2,298$1,871$968
19 years$3,869$3,165$2,571$2,076$1,668$825
20 years$3,637$2,941$2,360$1,880$1,490$704
21 years$3,427$2,739$2,171$1,707$1,333$601
22 years$3,237$2,557$2,000$1,552$1,195$514
23 years$3,063$2,392$1,847$1,413$1,073$440
24 years$2,904$2,241$1,708$1,289$964$377
25 years$2,759$2,103$1,582$1,177$868$323
26 years$2,624$1,976$1,467$1,076$781$277
27 years$2,500$1,860$1,363$985$705$238
28 years$2,385$1,753$1,267$903$636$204
29 years$2,278$1,653$1,179$828$574$175
30 years$2,178$1,561$1,098$760$519$151
31 years$2,085$1,476$1,024$698$469$129
32 years$1,998$1,397$955$641$424$111
33 years$1,916$1,323$892$590$384$96
34 years$1,840$1,254$833$543$348$82
35 years$1,767$1,189$779$499$315$71
36 years$1,699$1,129$729$460$285$61
37 years$1,635$1,072$682$424$259$52
38 years$1,575$1,019$639$391$234$45
39 years$1,517$969$598$360$213$39
40 years$1,463$922$561$332$193$33
41 years$1,411$877$526$306$175$29
42 years$1,362$835$493$283$159$25
43 years$1,316$796$463$261$144$21
44 years$1,271$759$435$241$131$18
45 years$1,229$724$408$223$119$16
46 years$1,189$690$383$206$108$14
47 years$1,150$659$360$190$98$12
48 years$1,113$629$338$176$89$10
49 years$1,078$600$318$162$81$9
50 years$1,045$574$299$150$73$7

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 $3,377 every year, while hoping to spend $23,087 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: 42/31/27 Blend
49$1,070,000$1,070,000$1,070,000$1,070,000
50$1,182,623$1,125,913$1,109,328$1,222,820
51$1,278,687$1,156,519$1,121,926$1,282,631
52$1,383,774$1,187,850$1,134,173$1,344,928
53$1,498,783$1,219,918$1,146,031$1,411,949
54$1,624,699$1,252,735$1,157,464$1,484,145
55$1,762,610$1,286,310$1,168,430$1,562,011
56$1,913,711$1,320,654$1,178,888$1,646,092
57$2,079,321$1,355,778$1,188,792$1,736,990
58$2,260,892$1,391,691$1,198,096$1,835,365
59$2,460,021$1,428,402$1,206,750$1,941,947
60$2,678,470$1,465,920$1,214,703$2,057,540
61$2,918,177$1,504,253$1,221,899$2,183,029
62$3,181,280$1,543,410$1,228,281$2,319,388
63$3,470,130$1,583,397$1,233,789$2,467,693
64$3,787,321$1,624,221$1,238,358$2,629,128
65$4,135,707$1,665,888$1,241,922$2,804,996
66$4,518,434$1,708,401$1,244,412$2,996,737
67$4,938,967$1,751,765$1,245,752$3,205,935
68$5,401,123$1,795,984$1,245,867$3,434,336
69$5,909,109$1,841,058$1,244,674$3,683,865
70$6,467,557$1,886,988$1,242,089$3,956,643
71$7,081,571$1,933,774$1,238,023$4,255,006
72$7,756,776$1,981,414$1,232,382$4,581,533
73$8,499,368$2,029,904$1,225,067$4,939,061
74$9,316,174$2,079,240$1,215,977$5,330,721
75$10,214,714$2,129,413$1,205,003$5,759,961
76$11,203,277$2,180,417$1,192,033$6,230,583
77$12,290,993$2,232,239$1,176,948$6,746,777
78$13,487,923$2,284,867$1,159,624$7,313,160
79$14,805,153$2,338,287$1,139,933$7,934,823
80$16,254,895$2,392,480$1,117,738$8,617,376
81$17,850,610$2,447,427$1,092,897$9,367,000
82$19,607,125$2,503,104$1,065,262$10,190,511
83$21,540,781$2,559,485$1,034,678$11,095,421
84$23,669,583$2,616,542$1,000,981$12,090,007
85$26,013,369$2,674,241$964,003$13,183,394
86$28,594,000$2,732,546$923,564$14,385,638
87$31,435,564$2,791,417$879,480$15,707,824
88$34,564,604$2,850,809$831,556$17,162,168
89$38,010,369$2,910,675$779,588$18,762,136
90$41,805,088$2,970,958$723,365$20,522,567
91$45,984,274$3,031,603$662,665$22,459,819
92$50,587,062$3,092,543$597,256$24,591,918
93$55,656,575$3,153,710$526,897$26,938,733
94$61,240,331$3,215,027$451,333$29,522,164
95$67,390,694$3,276,413$370,302$32,366,346
96$74,165,365$3,337,778$283,528$35,497,879
97$81,627,929$3,399,025$190,723$38,946,082
98$89,848,452$3,460,052$91,586$42,743,266
99$98,904,144$3,520,744$0$46,925,044
100$108,880,087$3,580,981$0$51,534,759