Can I retire at age 50 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$88,360$87,573$86,805$86,055$85,323$82,165
2 years$43,742$42,928$42,138$41,373$40,630$37,484
3 years$28,872$28,054$27,266$26,508$25,777$22,742
4 years$21,438$20,622$19,843$19,097$18,385$15,484
5 years$16,979$16,168$15,399$14,669$13,976$11,217
6 years$14,007$13,203$12,445$11,731$11,059$8,443
7 years$11,885$11,088$10,341$9,644$8,994$6,521
8 years$10,295$9,504$8,770$8,090$7,461$5,129
9 years$9,058$8,275$7,554$6,891$6,283$4,089
10 years$8,070$7,294$6,586$5,940$5,354$3,293
11 years$7,261$6,493$5,798$5,170$4,604$2,672
12 years$6,588$5,828$5,146$4,535$3,990$2,182
13 years$6,019$5,267$4,597$4,003$3,479$1,791
14 years$5,531$4,788$4,131$3,554$3,050$1,476
15 years$5,109$4,373$3,729$3,169$2,685$1,220
16 years$4,741$4,013$3,381$2,838$2,373$1,010
17 years$4,415$3,695$3,077$2,550$2,104$839
18 years$4,127$3,415$2,809$2,298$1,871$698
19 years$3,869$3,165$2,571$2,076$1,668$581
20 years$3,637$2,941$2,360$1,880$1,490$485
21 years$3,427$2,739$2,171$1,707$1,333$405
22 years$3,237$2,557$2,000$1,552$1,195$338
23 years$3,063$2,392$1,847$1,413$1,073$283
24 years$2,904$2,241$1,708$1,289$964$236
25 years$2,759$2,103$1,582$1,177$868$198
26 years$2,624$1,976$1,467$1,076$781$166
27 years$2,500$1,860$1,363$985$705$139
28 years$2,385$1,753$1,267$903$636$116
29 years$2,278$1,653$1,179$828$574$97
30 years$2,178$1,561$1,098$760$519$82
31 years$2,085$1,476$1,024$698$469$68
32 years$1,998$1,397$955$641$424$57
33 years$1,916$1,323$892$590$384$48
34 years$1,840$1,254$833$543$348$40
35 years$1,767$1,189$779$499$315$34
36 years$1,699$1,129$729$460$285$28
37 years$1,635$1,072$682$424$259$24
38 years$1,575$1,019$639$391$234$20
39 years$1,517$969$598$360$213$17
40 years$1,463$922$561$332$193$14
41 years$1,411$877$526$306$175$12
42 years$1,362$835$493$283$159$10
43 years$1,316$796$463$261$144$8
44 years$1,271$759$435$241$131$7
45 years$1,229$724$408$223$119$6
46 years$1,189$690$383$206$108$5
47 years$1,150$659$360$190$98$4
48 years$1,113$629$338$176$89$3
49 years$1,078$600$318$162$81$3
50 years$1,045$574$299$150$73$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,070,000, adding $4,387 every year, while hoping to spend $31,325 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: 71/21/8 Blend
49$1,070,000$1,070,000$1,070,000$1,070,000
50$1,183,665$1,126,955$1,110,370$1,265,799
51$1,271,069$1,148,846$1,114,238$1,342,561
52$1,366,339$1,170,760$1,117,186$1,422,262
53$1,470,243$1,192,665$1,119,149$1,508,639
54$1,583,629$1,214,526$1,120,061$1,602,341
55$1,707,427$1,236,307$1,119,851$1,704,082
56$1,842,664$1,257,965$1,118,446$1,814,651
57$1,990,470$1,279,459$1,115,768$1,934,915
58$2,152,087$1,300,742$1,111,735$2,065,831
59$2,328,885$1,321,763$1,106,263$2,208,450
60$2,522,370$1,342,469$1,099,262$2,363,935
61$2,734,203$1,362,801$1,090,638$2,533,561
62$2,966,211$1,382,698$1,080,294$2,718,739
63$3,220,408$1,402,093$1,068,127$2,921,020
64$3,499,009$1,420,915$1,054,029$3,142,114
65$3,804,456$1,439,088$1,037,887$3,383,906
66$4,139,439$1,456,531$1,019,584$3,648,470
67$4,506,917$1,473,157$998,996$3,938,096
68$4,910,154$1,488,873$975,994$4,255,304
69$5,352,743$1,503,581$950,443$4,602,873
70$5,838,640$1,517,174$922,200$4,983,865
71$6,372,207$1,529,541$891,120$5,401,655
72$6,958,245$1,540,562$857,045$5,859,960
73$7,602,046$1,550,109$819,816$6,362,879
74$8,309,437$1,558,046$779,262$6,914,929
75$9,086,839$1,564,231$735,207$7,521,087
76$9,941,326$1,568,508$687,466$8,186,838
77$10,880,692$1,570,714$635,846$8,918,230
78$11,913,521$1,570,678$580,145$9,721,923
79$13,049,273$1,568,214$520,153$10,605,263
80$14,298,370$1,563,128$455,650$11,576,341
81$15,672,294$1,555,211$386,404$12,644,078
82$17,183,696$1,544,245$312,177$13,818,304
83$18,846,515$1,529,995$232,717$15,109,852
84$20,676,110$1,512,215$147,763$16,530,665
85$22,689,401$1,490,642$57,042$18,093,901
86$24,905,035$1,464,998$0$19,814,064
87$27,343,555$1,434,989$0$21,710,534
88$30,027,597$1,400,303$0$23,802,950
89$32,982,104$1,360,610$0$26,105,880
90$36,234,559$1,315,560$0$28,640,751
91$39,815,245$1,264,784$0$31,431,175
92$43,757,531$1,207,889$0$34,503,175
93$48,098,186$1,144,463$0$37,885,428
94$52,877,725$1,074,066$0$41,609,538
95$58,140,794$996,235$0$45,710,334
96$63,936,586$910,482$0$50,226,198
97$70,319,309$816,288$0$55,199,430
98$77,348,699$713,105$0$60,676,647
99$85,090,575$600,357$0$66,709,221
100$93,617,471$477,432$0$73,353,768