Can I retire at age 50 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$84,231$83,480$82,748$82,034$81,336$79,629
2 years$41,698$40,922$40,169$39,439$38,732$37,019
3 years$27,523$26,743$25,992$25,269$24,573$22,910
4 years$20,436$19,659$18,916$18,205$17,526$15,924
5 years$16,186$15,413$14,679$13,983$13,323$11,787
6 years$13,353$12,586$11,863$11,182$10,542$9,074
7 years$11,330$10,569$9,858$9,194$8,573$7,173
8 years$9,814$9,060$8,361$7,712$7,112$5,780
9 years$8,635$7,888$7,201$6,569$5,990$4,724
10 years$7,692$6,953$6,278$5,663$5,103$3,903
11 years$6,922$6,190$5,527$4,928$4,389$3,252
12 years$6,280$5,556$4,905$4,323$3,804$2,729
13 years$5,738$5,021$4,382$3,816$3,317$2,302
14 years$5,273$4,564$3,938$3,388$2,907$1,951
15 years$4,871$4,169$3,555$3,021$2,560$1,660
16 years$4,519$3,825$3,223$2,705$2,262$1,416
17 years$4,209$3,523$2,933$2,431$2,006$1,212
18 years$3,934$3,255$2,677$2,190$1,784$1,039
19 years$3,688$3,017$2,451$1,979$1,590$893
20 years$3,467$2,803$2,249$1,793$1,420$768
21 years$3,267$2,611$2,069$1,627$1,271$662
22 years$3,085$2,438$1,907$1,479$1,139$571
23 years$2,920$2,280$1,761$1,347$1,023$493
24 years$2,769$2,136$1,628$1,229$919$426
25 years$2,630$2,005$1,508$1,122$827$368
26 years$2,502$1,884$1,399$1,026$745$319
27 years$2,383$1,773$1,299$939$672$276
28 years$2,273$1,671$1,208$860$606$239
29 years$2,171$1,576$1,124$789$547$207
30 years$2,076$1,488$1,047$724$494$180
31 years$1,988$1,407$976$665$447$156
32 years$1,905$1,331$910$611$404$135
33 years$1,827$1,261$850$562$366$117
34 years$1,754$1,195$794$517$331$102
35 years$1,685$1,133$743$476$300$88
36 years$1,620$1,076$695$438$272$77
37 years$1,559$1,022$650$404$246$66
38 years$1,501$971$609$372$223$58
39 years$1,446$923$570$343$203$50
40 years$1,395$879$535$317$184$44
41 years$1,345$836$501$292$167$38
42 years$1,299$796$470$270$151$33
43 years$1,254$759$441$249$137$28
44 years$1,212$723$414$230$125$25
45 years$1,172$690$389$212$113$21
46 years$1,133$658$365$196$103$19
47 years$1,097$628$343$181$93$16
48 years$1,061$599$323$167$85$14
49 years$1,028$572$303$155$77$12
50 years$996$547$285$143$70$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,020,000, adding $4,646 every year, while hoping to spend $51,261 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: 68/19/13 Blend
49$1,020,000$1,020,000$1,020,000$1,020,000
50$1,128,832$1,074,772$1,058,962$1,201,994
51$1,189,432$1,072,895$1,039,896$1,249,395
52$1,254,495$1,069,207$1,018,473$1,294,680
53$1,324,422$1,063,567$994,561$1,342,890
54$1,399,653$1,055,822$968,019$1,394,308
55$1,480,673$1,045,812$938,703$1,449,243
56$1,568,011$1,033,367$906,459$1,508,040
57$1,662,252$1,018,306$871,129$1,571,079
58$1,764,036$1,000,437$832,546$1,638,778
59$1,874,067$979,558$790,536$1,711,603
60$1,993,120$955,454$744,917$1,790,065
61$2,122,045$927,898$695,498$1,874,733
62$2,261,777$896,649$642,081$1,966,232
63$2,413,345$861,452$584,458$2,065,255
64$2,577,881$822,038$522,412$2,172,567
65$2,756,628$778,121$455,716$2,289,013
66$2,950,956$729,400$384,134$2,415,526
67$3,162,369$675,556$307,418$2,553,139
68$3,392,524$616,252$225,310$2,702,990
69$3,643,244$551,131$137,540$2,866,340
70$3,916,535$479,816$43,828$3,044,578
71$4,214,605$401,911$0$3,239,241
72$4,539,883$316,993$0$3,459,817
73$4,895,044$224,619$0$3,707,380
74$5,283,033$124,319$0$3,977,958
75$5,707,090$15,599$0$4,273,881
76$6,170,785$0$0$4,597,718
77$6,678,046$0$0$4,973,643
78$7,233,200$0$0$5,388,688
79$7,841,010$0$0$5,843,162
80$8,506,722$0$0$6,340,994
81$9,236,114$0$0$6,886,512
82$10,035,548$0$0$7,484,484
83$10,912,030$0$0$8,140,159
84$11,873,279$0$0$8,859,318
85$12,927,794$0$0$9,648,331
86$14,084,937$0$0$10,514,213
87$15,355,023$0$0$11,464,689
88$16,749,410$0$0$12,508,271
89$18,280,612$0$0$13,654,336
90$19,962,413$0$0$14,913,212
91$21,810,000$0$0$16,296,276
92$23,840,100$0$0$17,816,063
93$26,071,143$0$0$19,486,381
94$28,523,432$0$0$21,322,445
95$31,219,335$0$0$23,341,012
96$34,183,495$0$0$25,560,550
97$37,443,063$0$0$28,001,401
98$41,027,951$0$0$30,685,980
99$44,971,118$0$0$33,638,981
100$49,308,874$0$0$36,887,614