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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$82,579$81,843$81,126$80,425$79,741$77,751
2 years$40,881$40,119$39,381$38,666$37,972$35,979
3 years$26,983$26,218$25,482$24,774$24,091$22,158
4 years$20,036$19,273$18,545$17,848$17,182$15,324
5 years$15,868$15,111$14,391$13,709$13,061$11,283
6 years$13,091$12,339$11,630$10,963$10,335$8,639
7 years$11,108$10,362$9,665$9,013$8,405$6,791
8 years$9,621$8,882$8,197$7,561$6,973$5,440
9 years$8,466$7,734$7,060$6,440$5,872$4,419
10 years$7,542$6,817$6,155$5,552$5,003$3,629
11 years$6,786$6,069$5,419$4,832$4,303$3,005
12 years$6,157$5,447$4,809$4,238$3,729$2,505
13 years$5,625$4,922$4,296$3,742$3,252$2,099
14 years$5,170$4,474$3,860$3,321$2,850$1,767
15 years$4,775$4,087$3,485$2,962$2,510$1,493
16 years$4,430$3,750$3,160$2,652$2,218$1,265
17 years$4,126$3,454$2,875$2,383$1,967$1,074
18 years$3,857$3,191$2,625$2,148$1,749$914
19 years$3,615$2,958$2,403$1,940$1,559$780
20 years$3,399$2,748$2,205$1,757$1,392$666
21 years$3,203$2,560$2,029$1,595$1,246$569
22 years$3,025$2,390$1,870$1,450$1,117$487
23 years$2,863$2,235$1,726$1,321$1,002$417
24 years$2,714$2,094$1,596$1,205$901$358
25 years$2,578$1,965$1,479$1,100$811$307
26 years$2,453$1,847$1,371$1,006$730$264
27 years$2,336$1,738$1,273$921$658$226
28 years$2,229$1,638$1,184$844$594$195
29 years$2,129$1,545$1,102$774$537$167
30 years$2,036$1,459$1,026$710$485$144
31 years$1,949$1,380$957$652$438$124
32 years$1,867$1,305$893$599$396$106
33 years$1,791$1,236$833$551$359$91
34 years$1,719$1,172$779$507$325$79
35 years$1,652$1,111$728$467$294$68
36 years$1,588$1,055$681$430$267$58
37 years$1,528$1,002$637$396$242$50
38 years$1,472$952$597$365$219$43
39 years$1,418$905$559$337$199$37
40 years$1,367$861$524$310$180$32
41 years$1,319$820$492$286$163$28
42 years$1,273$781$461$264$148$24
43 years$1,230$744$433$244$135$20
44 years$1,188$709$406$225$122$18
45 years$1,149$676$381$208$111$15
46 years$1,111$645$358$192$101$13
47 years$1,075$616$336$178$91$11
48 years$1,041$588$316$164$83$10
49 years$1,008$561$297$152$75$8
50 years$976$536$279$140$69$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,000,000, adding $4,675 every year, while hoping to spend $44,724 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: 44/40/16 Blend
49$1,000,000$1,000,000$1,000,000$1,000,000
50$1,106,822$1,053,822$1,038,322$1,150,220
51$1,172,132$1,057,874$1,025,520$1,185,131
52$1,242,605$1,060,624$1,010,790$1,218,124
53$1,318,719$1,061,964$994,020$1,252,928
54$1,401,003$1,061,774$975,094$1,289,728
55$1,490,034$1,059,930$953,889$1,328,732
56$1,586,449$1,056,298$930,276$1,370,172
57$1,690,948$1,050,739$904,122$1,414,306
58$1,804,301$1,043,101$875,286$1,461,421
59$1,927,354$1,033,226$843,621$1,511,837
60$2,061,036$1,020,947$808,975$1,565,910
61$2,206,373$1,006,084$771,187$1,624,034
62$2,364,490$988,449$730,089$1,686,649
63$2,536,626$967,842$685,505$1,754,243
64$2,724,146$944,050$637,253$1,827,357
65$2,928,549$916,849$585,142$1,906,594
66$3,151,488$886,001$528,970$1,992,622
67$3,394,779$851,255$468,530$2,086,182
68$3,660,424$812,344$403,604$2,188,096
69$3,950,625$768,986$333,962$2,299,278
70$4,267,807$720,885$259,368$2,420,738
71$4,614,640$667,725$179,573$2,553,598
72$4,994,062$609,172$94,318$2,699,100
73$5,409,310$544,875$3,332$2,858,622
74$5,863,948$474,463$0$3,033,689
75$6,361,900$397,541$0$3,241,998
76$6,907,488$313,694$0$3,471,059
77$7,505,471$222,484$0$3,722,426
78$8,161,091$123,448$0$3,998,447
79$8,880,121$16,095$0$4,301,715
80$9,668,920$0$0$4,635,095
81$10,534,492$0$0$5,045,811
82$11,484,551$0$0$5,504,518
83$12,527,596$0$0$6,008,250
84$13,672,988$0$0$6,561,545
85$14,931,038$0$0$7,169,399
86$16,313,107$0$0$7,837,320
87$17,831,708$0$0$8,571,374
88$19,500,629$0$0$9,378,242
89$21,335,058$0$0$10,265,287
90$23,351,727$0$0$11,240,620
91$25,569,072$0$0$12,313,178
92$28,007,403$0$0$13,492,806
93$30,689,098$0$0$14,790,353
94$33,638,812$0$0$16,217,770
95$36,883,708$0$0$17,788,225
96$40,453,717$0$0$19,516,228
97$44,381,814$0$0$21,417,767
98$48,704,334$0$0$23,510,454
99$53,461,313$0$0$25,813,701
100$58,696,860$0$0$28,348,892