Can I retire at age 50 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$86,708$85,936$85,182$84,447$83,728$82,341
2 years$42,925$42,125$41,351$40,599$39,871$38,477
3 years$28,332$27,529$26,757$26,012$25,296$23,939
4 years$21,037$20,237$19,472$18,740$18,041$16,732
5 years$16,662$15,866$15,111$14,394$13,715$12,457
6 years$13,745$12,956$12,212$11,511$10,852$9,647
7 years$11,663$10,880$10,148$9,464$8,825$7,674
8 years$10,102$9,326$8,606$7,939$7,322$6,223
9 years$8,889$8,120$7,413$6,762$6,166$5,119
10 years$7,919$7,158$6,463$5,829$5,254$4,258
11 years$7,125$6,372$5,690$5,073$4,518$3,573
12 years$6,465$5,719$5,049$4,450$3,915$3,019
13 years$5,906$5,168$4,511$3,929$3,414$2,566
14 years$5,428$4,698$4,053$3,487$2,993$2,191
15 years$5,014$4,292$3,660$3,110$2,635$1,878
16 years$4,652$3,938$3,318$2,785$2,329$1,615
17 years$4,333$3,626$3,019$2,502$2,065$1,393
18 years$4,049$3,351$2,756$2,255$1,836$1,204
19 years$3,796$3,106$2,523$2,037$1,637$1,043
20 years$3,569$2,886$2,316$1,845$1,462$905
21 years$3,363$2,688$2,130$1,675$1,308$786
22 years$3,176$2,509$1,963$1,523$1,173$684
23 years$3,006$2,347$1,813$1,387$1,053$595
24 years$2,850$2,199$1,676$1,265$946$519
25 years$2,707$2,063$1,553$1,155$851$453
26 years$2,575$1,939$1,440$1,056$767$395
27 years$2,453$1,825$1,337$967$691$345
28 years$2,340$1,720$1,243$886$624$302
29 years$2,235$1,622$1,157$812$563$264
30 years$2,137$1,532$1,077$745$509$231
31 years$2,046$1,448$1,004$685$460$202
32 years$1,961$1,371$937$629$416$177
33 years$1,880$1,298$875$579$377$155
34 years$1,805$1,230$818$532$341$136
35 years$1,734$1,167$764$490$309$119
36 years$1,668$1,107$715$451$280$104
37 years$1,605$1,052$669$416$254$91
38 years$1,545$1,000$627$383$230$80
39 years$1,489$951$587$353$209$70
40 years$1,436$904$550$326$189$61
41 years$1,385$861$516$301$172$54
42 years$1,337$820$484$278$156$47
43 years$1,291$781$454$256$141$41
44 years$1,248$745$426$237$128$36
45 years$1,206$710$400$218$116$32
46 years$1,167$677$376$202$106$28
47 years$1,129$646$353$186$96$24
48 years$1,093$617$332$172$87$21
49 years$1,058$589$312$159$79$19
50 years$1,025$563$293$147$72$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,050,000, adding $4,199 every year, while hoping to spend $29,468 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: 63/9/28 Blend
49$1,050,000$1,050,000$1,050,000$1,050,000
50$1,161,431$1,105,781$1,089,506$1,225,675
51$1,248,544$1,128,611$1,094,651$1,292,583
52$1,343,554$1,151,571$1,098,980$1,362,043
53$1,447,236$1,174,638$1,102,436$1,437,282
54$1,560,443$1,197,785$1,104,957$1,518,874
55$1,684,113$1,220,981$1,106,478$1,607,448
56$1,819,280$1,244,196$1,106,932$1,703,699
57$1,967,080$1,267,396$1,106,248$1,808,394
58$2,128,766$1,290,542$1,104,351$1,922,375
59$2,305,717$1,313,595$1,101,164$2,046,575
60$2,499,452$1,336,513$1,096,604$2,182,020
61$2,711,641$1,359,247$1,090,586$2,329,842
62$2,944,128$1,381,749$1,083,019$2,491,287
63$3,198,938$1,403,965$1,073,810$2,667,733
64$3,478,307$1,425,836$1,062,859$2,860,695
65$3,784,692$1,447,300$1,050,064$3,071,845
66$4,120,805$1,468,292$1,035,315$3,303,028
67$4,489,628$1,488,739$1,018,499$3,556,274
68$4,894,449$1,508,566$999,498$3,833,825
69$5,338,889$1,527,692$978,187$4,138,151
70$5,826,935$1,546,028$954,436$4,471,975
71$6,362,982$1,563,483$928,108$4,838,299
72$6,951,869$1,579,957$899,063$5,240,433
73$7,598,928$1,595,343$867,150$5,682,026
74$8,310,033$1,609,529$832,214$6,167,100
75$9,091,656$1,622,395$794,092$6,700,089
76$9,950,925$1,633,813$752,614$7,285,882
77$10,895,694$1,643,645$707,602$7,929,868
78$11,934,619$1,651,747$658,870$8,637,987
79$13,077,231$1,657,964$606,224$9,416,788
80$14,334,037$1,662,132$549,460$10,273,489
81$15,716,609$1,664,077$488,368$11,216,047
82$17,237,699$1,663,613$422,724$12,253,235
83$18,911,357$1,660,542$352,298$13,394,720
84$20,753,064$1,654,657$276,848$14,651,162
85$22,779,876$1,645,735$196,122$16,034,309
86$25,010,588$1,633,541$109,857$17,557,110
87$27,465,909$1,617,825$17,778$19,233,839
88$30,168,656$1,598,323$0$21,080,231
89$33,143,971$1,574,754$0$23,137,674
90$36,419,560$1,546,820$0$25,408,469
91$40,025,947$1,514,207$0$27,908,461
92$43,996,772$1,476,581$0$30,660,971
93$48,369,098$1,433,589$0$33,691,699
94$53,183,768$1,384,857$0$37,028,964
95$58,485,787$1,329,989$0$40,703,971
96$64,324,746$1,268,567$0$44,751,111
97$70,755,291$1,200,147$0$49,208,279
98$77,837,638$1,124,262$0$54,117,236
99$85,638,142$1,040,416$0$59,524,001
100$94,229,921$948,085$0$65,479,287