Can I retire on $1 million?

Yes, $1 million is sufficient for most retirements. The 4% rule provides $40,000/year from investments alone. With average Social Security ($21,600/year), you'd have $61,600+ annually - well above the median US household income. In most areas, this funds a comfortable retirement.

How long will $1 million last at age 50?

At 50, using the 4% rule ($40k/year), $1 million should last your entire lifetime. Even without Social Security for 12-17 years, $1M at 4% withdrawal with 6% average returns can last 35+ years - taking you to age 85+. This is a solid early retirement number.

Is $1 million enough to never work again?

For most people, yes. $1 million invested at 4% withdrawal provides $40k/year indefinitely. If your expenses are under $3,500/month ($42k/year), you can likely never work again. In low-cost areas or with frugal living, this becomes even more secure.

What's the safest way to withdraw from $1 million?

Start with the 4% rule ($40k/year) and adjust based on market conditions. In down years, withdraw less (3-3.5%). In up years, you can take more or reinvest. Keep 2 years expenses in cash to avoid selling stocks during downturns. Consider a bucket strategy: cash, bonds, stocks.

Amount Calculator$1,000,000

How Long Will $1 Million Last in Retirement?

$1,000,000 is the classic retirement goal - and for good reason. Using the 4% rule, $1 million provides $40,000/year indefinitely. Combined with Social Security, most millionaire retirees have $60,000+ annual income. This is enough for a comfortable retirement almost anywhere in the US.