Can I retire at age 50 with 1,060,000?

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 $1,060,000?

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%
1 years$87,534$86,754$85,993$85,251$84,526$83,091
2 years$43,334$42,527$41,744$40,986$40,250$38,810
3 years$28,602$27,792$27,011$26,260$25,537$24,134
4 years$21,238$20,430$19,657$18,919$18,213$16,860
5 years$16,820$16,017$15,255$14,532$13,845$12,545
6 years$13,876$13,079$12,328$11,621$10,955$9,710
7 years$11,774$10,984$10,245$9,554$8,909$7,720
8 years$10,199$9,415$8,688$8,015$7,391$6,256
9 years$8,974$8,198$7,483$6,827$6,225$5,144
10 years$7,994$7,226$6,524$5,885$5,304$4,276
11 years$7,193$6,433$5,744$5,122$4,561$3,586
12 years$6,526$5,774$5,097$4,492$3,953$3,028
13 years$5,963$5,218$4,554$3,966$3,447$2,572
14 years$5,480$4,743$4,092$3,521$3,021$2,195
15 years$5,062$4,333$3,695$3,140$2,660$1,880
16 years$4,696$3,975$3,350$2,811$2,351$1,615
17 years$4,374$3,661$3,048$2,526$2,085$1,392
18 years$4,088$3,383$2,782$2,276$1,854$1,202
19 years$3,832$3,135$2,547$2,057$1,652$1,041
20 years$3,603$2,913$2,338$1,863$1,476$902
21 years$3,395$2,714$2,150$1,691$1,321$783
22 years$3,206$2,533$1,982$1,537$1,184$681
23 years$3,035$2,369$1,830$1,400$1,063$592
24 years$2,877$2,220$1,692$1,277$955$516
25 years$2,733$2,083$1,567$1,166$859$450
26 years$2,600$1,958$1,454$1,066$774$392
27 years$2,477$1,843$1,350$976$698$342
28 years$2,363$1,736$1,255$894$630$299
29 years$2,256$1,638$1,168$820$569$261
30 years$2,158$1,547$1,088$753$514$228
31 years$2,065$1,462$1,014$691$465$200
32 years$1,979$1,384$946$635$420$175
33 years$1,898$1,310$883$584$380$153
34 years$1,822$1,242$825$537$344$134
35 years$1,751$1,178$772$495$312$117
36 years$1,684$1,118$722$456$283$102
37 years$1,620$1,062$676$420$256$90
38 years$1,560$1,009$633$387$232$78
39 years$1,503$960$593$357$211$69
40 years$1,449$913$556$329$191$60
41 years$1,398$869$521$304$173$53
42 years$1,350$828$489$280$157$46
43 years$1,303$789$459$259$143$40
44 years$1,259$752$430$239$130$35
45 years$1,218$717$404$221$118$31
46 years$1,178$684$380$204$107$27
47 years$1,140$653$357$188$97$24
48 years$1,103$623$335$174$88$21
49 years$1,068$595$315$161$80$18
50 years$1,035$568$296$149$73$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,060,000, adding $6,405 every year, while hoping to spend $57,655 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: 82/9/9 Blend
49$1,060,000$1,060,000$1,060,000$1,060,000
50$1,174,727$1,118,547$1,102,117$1,269,044
51$1,233,204$1,112,011$1,077,693$1,325,186
52$1,295,714$1,103,223$1,050,519$1,378,491
53$1,362,607$1,092,011$1,020,441$1,435,263
54$1,434,267$1,078,193$987,300$1,495,818
55$1,511,116$1,061,578$950,928$1,560,503
56$1,593,615$1,041,961$911,150$1,629,700
57$1,682,273$1,019,126$867,782$1,703,830
58$1,777,646$992,845$820,634$1,783,359
59$1,880,347$962,875$769,506$1,868,797
60$1,991,046$928,960$714,189$1,960,708
61$2,110,483$890,828$654,464$2,059,712
62$2,239,467$848,194$590,103$2,166,496
63$2,378,889$800,752$520,868$2,281,812
64$2,529,729$748,182$446,511$2,406,492
65$2,693,062$690,144$366,770$2,541,454
66$2,870,073$626,279$281,375$2,687,707
67$3,062,061$556,208$190,042$2,846,365
68$3,270,459$479,529$92,476$3,018,656
69$3,496,839$395,820$0$3,205,933
70$3,742,933$304,631$0$3,410,808
71$4,010,645$205,491$0$3,643,357
72$4,302,071$97,900$0$3,896,536
73$4,619,515$0$0$4,172,380
74$4,965,516$0$0$4,474,976
75$5,342,866$0$0$4,815,584
76$5,754,638$0$0$5,187,286
77$6,204,214$0$0$5,593,137
78$6,695,320$0$0$6,036,502
79$7,232,054$0$0$6,521,086
80$7,818,930$0$0$7,050,967
81$8,460,917$0$0$7,630,635
82$9,163,487$0$0$8,265,033
83$9,932,665$0$0$8,959,606
84$10,775,087$0$0$9,720,350
85$11,698,058$0$0$10,553,865
86$12,709,625$0$0$11,467,423
87$13,818,651$0$0$12,469,032
88$15,034,895$0$0$13,567,510
89$16,369,109$0$0$14,772,573
90$17,833,133$0$0$16,094,919
91$19,440,011$0$0$17,546,333
92$21,204,109$0$0$19,139,799
93$23,141,253$0$0$20,889,616
94$25,268,877$0$0$22,811,537
95$27,606,186$0$0$24,922,917
96$30,174,338$0$0$27,242,872
97$32,996,638$0$0$29,792,464
98$36,098,766$0$0$32,594,895
99$39,509,009$0$0$35,675,727
100$43,258,534$0$0$39,063,123