Can I retire at age 50 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$85,056$84,299$83,560$82,838$82,134$79,441
2 years$42,107$41,323$40,563$39,826$39,111$36,424
3 years$27,793$27,005$26,247$25,517$24,814$22,217
4 years$20,637$19,852$19,101$18,384$17,697$15,210
5 years$16,344$15,564$14,823$14,120$13,453$11,082
6 years$13,484$12,709$11,979$11,292$10,645$8,392
7 years$11,441$10,673$9,955$9,284$8,657$6,523
8 years$9,910$9,149$8,443$7,788$7,182$5,164
9 years$8,720$7,966$7,272$6,634$6,048$4,144
10 years$7,768$7,021$6,339$5,718$5,154$3,361
11 years$6,990$6,251$5,581$4,977$4,432$2,747
12 years$6,342$5,610$4,953$4,365$3,841$2,260
13 years$5,794$5,070$4,425$3,854$3,349$1,869
14 years$5,325$4,609$3,976$3,421$2,936$1,551
15 years$4,918$4,210$3,590$3,051$2,585$1,292
16 years$4,563$3,863$3,255$2,732$2,285$1,079
17 years$4,250$3,557$2,962$2,454$2,026$904
18 years$3,972$3,287$2,704$2,212$1,801$758
19 years$3,724$3,046$2,475$1,999$1,605$636
20 years$3,501$2,831$2,272$1,810$1,434$535
21 years$3,299$2,637$2,089$1,643$1,283$451
22 years$3,116$2,461$1,926$1,494$1,150$380
23 years$2,949$2,302$1,778$1,360$1,033$320
24 years$2,796$2,157$1,644$1,241$928$270
25 years$2,655$2,024$1,523$1,133$835$228
26 years$2,526$1,902$1,413$1,036$752$193
27 years$2,407$1,790$1,312$948$678$163
28 years$2,296$1,687$1,219$869$612$138
29 years$2,193$1,592$1,135$797$553$116
30 years$2,097$1,503$1,057$731$499$98
31 years$2,007$1,421$985$672$451$83
32 years$1,923$1,344$919$617$408$70
33 years$1,845$1,273$858$568$370$60
34 years$1,771$1,207$802$522$335$50
35 years$1,701$1,145$750$481$303$43
36 years$1,636$1,086$701$443$275$36
37 years$1,574$1,032$657$408$249$31
38 years$1,516$981$615$376$226$26
39 years$1,461$932$576$347$205$22
40 years$1,408$887$540$320$186$19
41 years$1,359$844$506$295$168$16
42 years$1,311$804$475$272$153$13
43 years$1,266$766$446$251$139$11
44 years$1,224$730$418$232$126$10
45 years$1,183$697$393$214$114$8
46 years$1,144$664$369$198$104$7
47 years$1,107$634$347$183$94$6
48 years$1,072$605$326$169$86$5
49 years$1,038$578$306$156$78$4
50 years$1,006$552$288$144$71$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,030,000, adding $6,807 every year, while hoping to spend $21,245 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: 71/6/23 Blend
49$1,030,000$1,030,000$1,030,000$1,030,000
50$1,142,081$1,087,491$1,071,526$1,216,158
51$1,235,969$1,118,174$1,084,818$1,297,169
52$1,338,722$1,149,648$1,097,843$1,382,701
53$1,451,220$1,181,930$1,110,570$1,475,840
54$1,574,436$1,215,036$1,122,965$1,577,340
55$1,709,438$1,248,982$1,134,994$1,688,029
56$1,857,405$1,283,786$1,146,620$1,808,822
57$2,019,632$1,319,464$1,157,804$1,940,725
58$2,197,550$1,356,032$1,168,506$2,084,848
59$2,392,730$1,393,508$1,178,680$2,242,411
60$2,606,905$1,431,907$1,188,284$2,414,762
61$2,841,986$1,471,247$1,197,267$2,603,384
62$3,100,073$1,511,543$1,205,581$2,809,910
63$3,383,485$1,552,812$1,213,171$3,036,141
64$3,694,771$1,595,071$1,219,983$3,284,062
65$4,036,742$1,638,334$1,225,958$3,555,859
66$4,412,495$1,682,618$1,231,033$3,853,941
67$4,825,442$1,727,938$1,235,144$4,180,963
68$5,279,339$1,774,310$1,238,224$4,539,849
69$5,778,328$1,821,747$1,240,201$4,933,823
70$6,326,969$1,870,264$1,240,999$5,366,438
71$6,930,288$1,919,875$1,240,540$5,841,607
72$7,593,821$1,970,593$1,238,742$6,363,643
73$8,323,669$2,022,430$1,235,519$6,937,301
74$9,126,553$2,075,399$1,230,778$7,567,817
75$10,009,878$2,129,510$1,224,426$8,260,965
76$10,981,803$2,184,773$1,216,361$9,023,104
77$12,051,318$2,241,199$1,206,481$9,861,246
78$13,228,329$2,298,794$1,194,675$10,783,114
79$14,523,751$2,357,566$1,180,828$11,797,222
80$15,949,608$2,417,522$1,164,821$12,912,950
81$17,519,153$2,478,665$1,146,527$14,140,639
82$19,246,985$2,540,999$1,125,814$15,491,679
83$21,149,194$2,604,524$1,102,546$16,978,628
84$23,243,508$2,669,242$1,076,577$18,615,320
85$25,549,460$2,735,149$1,047,756$20,417,006
86$28,088,575$2,802,242$1,015,927$22,400,487
87$30,884,572$2,870,514$980,922$24,584,282
88$33,963,586$2,939,956$942,571$26,988,799
89$37,354,416$3,010,558$900,691$29,636,527
90$41,088,797$3,082,306$855,094$32,552,251
91$45,201,698$3,155,183$805,584$35,763,283
92$49,731,652$3,229,168$751,952$39,299,723
93$54,721,123$3,304,240$693,985$43,194,741
94$60,216,901$3,380,370$631,456$47,484,893
95$66,270,545$3,457,529$564,131$52,210,463
96$72,938,874$3,535,682$491,763$57,415,845
97$80,284,498$3,614,789$414,096$63,149,964
98$88,376,410$3,694,807$330,861$69,466,736
99$97,290,639$3,775,687$241,779$76,425,576
100$107,110,963$3,857,375$146,558$84,091,963