Can I retire at age 50 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$83,405$82,662$81,937$81,230$80,539$78,464
2 years$41,290$40,521$39,775$39,053$38,352$36,276
3 years$27,253$26,481$25,737$25,021$24,332$22,319
4 years$20,236$19,466$18,730$18,027$17,354$15,420
5 years$16,027$15,262$14,535$13,846$13,192$11,342
6 years$13,222$12,462$11,747$11,073$10,438$8,674
7 years$11,219$10,466$9,762$9,104$8,489$6,811
8 years$9,717$8,971$8,279$7,637$7,043$5,450
9 years$8,550$7,811$7,130$6,505$5,931$4,422
10 years$7,617$6,885$6,216$5,607$5,053$3,626
11 years$6,854$6,129$5,473$4,880$4,346$2,999
12 years$6,219$5,501$4,857$4,280$3,766$2,497
13 years$5,681$4,972$4,339$3,779$3,284$2,090
14 years$5,221$4,519$3,899$3,355$2,879$1,756
15 years$4,823$4,128$3,520$2,992$2,535$1,482
16 years$4,475$3,788$3,192$2,679$2,240$1,254
17 years$4,168$3,488$2,904$2,407$1,986$1,063
18 years$3,895$3,223$2,651$2,169$1,766$904
19 years$3,652$2,987$2,427$1,960$1,574$770
20 years$3,433$2,776$2,227$1,775$1,406$656
21 years$3,235$2,586$2,049$1,611$1,258$560
22 years$3,055$2,414$1,888$1,465$1,128$479
23 years$2,891$2,257$1,743$1,334$1,013$409
24 years$2,742$2,115$1,612$1,217$910$351
25 years$2,604$1,985$1,493$1,111$819$300
26 years$2,477$1,865$1,385$1,016$738$257
27 years$2,360$1,756$1,286$930$665$221
28 years$2,251$1,654$1,196$852$600$189
29 years$2,150$1,561$1,113$781$542$162
30 years$2,056$1,474$1,036$717$490$139
31 years$1,968$1,393$966$659$443$120
32 years$1,886$1,318$901$605$400$103
33 years$1,809$1,248$842$557$362$88
34 years$1,736$1,183$786$512$328$76
35 years$1,668$1,122$735$471$297$65
36 years$1,604$1,065$688$434$269$56
37 years$1,544$1,012$644$400$244$48
38 years$1,486$962$603$369$221$41
39 years$1,432$914$565$340$201$36
40 years$1,381$870$529$314$182$31
41 years$1,332$828$496$289$165$26
42 years$1,286$789$466$267$150$23
43 years$1,242$751$437$246$136$19
44 years$1,200$716$410$228$123$17
45 years$1,160$683$385$210$112$14
46 years$1,122$652$362$194$102$12
47 years$1,086$622$340$179$92$11
48 years$1,051$594$319$166$84$9
49 years$1,018$567$300$153$76$8
50 years$986$541$282$142$69$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,010,000, adding $4,223 every year, while hoping to spend $21,992 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: 54/36/10 Blend
49$1,010,000$1,010,000$1,010,000$1,010,000
50$1,117,376$1,063,846$1,048,191$1,174,678
51$1,207,949$1,092,575$1,059,906$1,242,748
52$1,307,023$1,121,975$1,071,277$1,314,039
53$1,415,443$1,152,055$1,082,268$1,391,110
54$1,534,137$1,182,825$1,092,843$1,474,515
55$1,664,130$1,214,293$1,102,963$1,564,862
56$1,806,546$1,246,469$1,112,588$1,662,821
57$1,962,629$1,279,361$1,121,675$1,769,128
58$2,133,744$1,312,977$1,130,178$1,884,597
59$2,321,398$1,347,324$1,138,050$2,010,120
60$2,527,247$1,382,410$1,145,242$2,146,681
61$2,753,119$1,418,240$1,151,699$2,295,365
62$3,001,024$1,454,821$1,157,369$2,457,366
63$3,273,179$1,492,158$1,162,191$2,633,997
64$3,572,024$1,530,255$1,166,105$2,826,706
65$3,900,248$1,569,115$1,169,048$3,037,089
66$4,260,814$1,608,742$1,170,951$3,266,903
67$4,656,983$1,649,137$1,171,744$3,518,081
68$5,092,351$1,690,300$1,171,353$3,792,756
69$5,570,878$1,732,232$1,169,701$4,093,277
70$6,096,926$1,774,930$1,166,705$4,422,231
71$6,675,303$1,818,392$1,162,279$4,782,468
72$7,311,304$1,862,613$1,156,335$5,177,129
73$8,010,762$1,907,586$1,148,778$5,609,673
74$8,780,108$1,953,306$1,139,510$6,083,914
75$9,626,422$1,999,761$1,128,427$6,604,051
76$10,557,509$2,046,941$1,115,421$7,174,713
77$11,581,966$2,094,833$1,100,379$7,801,000
78$12,709,267$2,143,420$1,083,182$8,488,531
79$13,949,850$2,192,685$1,063,706$9,243,498
80$15,315,216$2,242,608$1,041,821$10,072,724
81$16,818,037$2,293,165$1,017,392$10,983,729
82$18,472,277$2,344,330$990,274$11,984,796
83$20,293,321$2,396,075$960,321$13,085,055
84$22,298,124$2,448,366$927,376$14,294,566
85$24,505,366$2,501,169$891,276$15,624,417
86$26,935,630$2,554,443$851,851$17,086,824
87$29,611,599$2,608,146$808,922$18,695,249
88$32,558,266$2,662,228$762,305$20,464,528
89$35,803,170$2,716,639$711,803$22,411,011
90$39,376,660$2,771,320$657,215$24,552,714
91$43,312,175$2,826,211$598,327$26,909,491
92$47,646,563$2,881,242$534,918$29,503,221
93$52,420,431$2,936,341$466,756$32,358,018
94$57,678,522$2,991,429$393,599$35,500,451
95$63,470,141$3,046,418$315,194$38,959,803
96$69,849,620$3,101,217$231,278$42,768,345
97$76,876,830$3,155,726$141,574$46,961,637
98$84,617,745$3,209,835$45,796$51,578,870
99$93,145,068$3,263,430$0$56,663,231
100$102,538,911$3,316,384$0$62,268,337