Can I retire at age 50 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$89,185$88,391$87,616$86,859$86,121$83,198
2 years$44,151$43,329$42,532$41,759$41,010$38,094
3 years$29,142$28,316$27,521$26,756$26,018$23,202
4 years$21,638$20,815$20,028$19,276$18,557$15,860
5 years$17,138$16,319$15,543$14,806$14,106$11,538
6 years$14,138$13,326$12,561$11,840$11,162$8,723
7 years$11,997$11,191$10,438$9,735$9,078$6,768
8 years$10,391$9,593$8,852$8,166$7,531$5,349
9 years$9,143$8,352$7,625$6,956$6,342$4,285
10 years$8,145$7,362$6,647$5,996$5,404$3,468
11 years$7,329$6,554$5,852$5,218$4,647$2,830
12 years$6,650$5,883$5,194$4,577$4,027$2,323
13 years$6,075$5,316$4,640$4,041$3,512$1,917
14 years$5,583$4,832$4,169$3,587$3,078$1,588
15 years$5,157$4,414$3,764$3,199$2,711$1,320
16 years$4,785$4,050$3,413$2,864$2,396$1,100
17 years$4,457$3,730$3,106$2,574$2,124$919
18 years$4,165$3,447$2,835$2,319$1,889$769
19 years$3,905$3,194$2,595$2,096$1,683$644
20 years$3,671$2,968$2,382$1,898$1,504$541
21 years$3,459$2,765$2,191$1,723$1,346$454
22 years$3,267$2,581$2,019$1,566$1,206$382
23 years$3,092$2,414$1,864$1,426$1,083$321
24 years$2,932$2,262$1,724$1,301$973$270
25 years$2,784$2,122$1,597$1,188$876$228
26 years$2,649$1,995$1,481$1,086$789$192
27 years$2,523$1,877$1,375$994$711$162
28 years$2,407$1,769$1,279$911$642$136
29 years$2,299$1,669$1,190$835$579$115
30 years$2,198$1,576$1,108$767$524$97
31 years$2,104$1,490$1,033$704$473$82
32 years$2,017$1,410$964$647$428$69
33 years$1,934$1,335$900$595$387$58
34 years$1,857$1,265$841$548$351$49
35 years$1,784$1,200$786$504$318$42
36 years$1,715$1,139$736$464$288$35
37 years$1,651$1,082$688$428$261$30
38 years$1,589$1,028$645$394$237$25
39 years$1,531$978$604$364$215$21
40 years$1,477$930$566$335$195$18
41 years$1,424$885$531$309$177$15
42 years$1,375$843$498$285$160$13
43 years$1,328$803$467$264$145$11
44 years$1,283$766$439$243$132$9
45 years$1,241$730$412$225$120$8
46 years$1,200$697$387$208$109$6
47 years$1,161$665$363$192$99$5
48 years$1,124$635$341$177$90$5
49 years$1,088$606$321$164$81$4
50 years$1,054$579$302$151$74$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,080,000, adding $4,821 every year, while hoping to spend $20,508 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: 58/36/6 Blend
49$1,080,000$1,080,000$1,080,000$1,080,000
50$1,195,133$1,137,893$1,121,153$1,262,726
51$1,295,216$1,171,829$1,136,891$1,342,598
52$1,404,820$1,206,741$1,152,469$1,426,857
53$1,524,895$1,242,655$1,167,860$1,518,177
54$1,656,487$1,279,597$1,183,036$1,617,234
55$1,800,746$1,317,595$1,197,965$1,724,774
56$1,958,942$1,356,676$1,212,616$1,841,615
57$2,132,470$1,396,870$1,226,956$1,968,659
58$2,322,871$1,438,206$1,240,948$2,106,898
59$2,531,839$1,480,713$1,254,554$2,257,426
60$2,761,241$1,524,422$1,267,736$2,421,443
61$3,013,133$1,569,364$1,280,451$2,600,274
62$3,289,781$1,615,571$1,292,654$2,795,377
63$3,593,680$1,663,075$1,304,299$3,008,355
64$3,927,579$1,711,910$1,315,337$3,240,975
65$4,294,507$1,762,109$1,325,716$3,495,183
66$4,697,802$1,813,707$1,335,382$3,773,120
67$5,141,137$1,866,738$1,344,277$4,077,148
68$5,628,564$1,921,240$1,352,342$4,409,862
69$6,164,544$1,977,247$1,359,512$4,774,126
70$6,753,993$2,034,797$1,365,720$5,173,091
71$7,402,326$2,093,928$1,370,898$5,610,229
72$8,115,511$2,154,679$1,374,971$6,089,363
73$8,900,123$2,217,088$1,377,863$6,614,707
74$9,763,406$2,281,195$1,379,491$7,190,900
75$10,713,340$2,347,041$1,379,771$7,823,054
76$11,758,721$2,414,666$1,378,613$8,516,800
77$12,909,238$2,484,112$1,375,925$9,278,342
78$14,175,569$2,555,422$1,371,607$10,114,513
79$15,569,478$2,628,638$1,365,556$11,032,842
80$17,103,927$2,703,804$1,357,664$12,041,626
81$18,793,200$2,780,963$1,347,819$13,150,003
82$20,653,036$2,860,160$1,335,901$14,368,042
83$22,700,778$2,941,440$1,321,786$15,706,838
84$24,955,536$3,024,849$1,305,343$17,178,614
85$27,438,366$3,110,432$1,286,438$18,796,837
86$30,172,471$3,198,235$1,264,926$20,576,348
87$33,183,420$3,288,305$1,240,658$22,533,496
88$36,499,387$3,380,690$1,213,477$24,686,297
89$40,151,417$3,475,436$1,183,221$27,054,603
90$44,173,720$3,572,592$1,149,718$29,660,287
91$48,603,994$3,672,204$1,112,789$32,527,450
92$53,483,780$3,774,320$1,072,245$35,682,650
93$58,858,853$3,878,989$1,027,893$39,155,151
94$64,779,654$3,986,257$979,525$42,977,200
95$71,301,769$4,096,174$926,930$47,184,328
96$78,486,449$4,208,786$869,882$51,815,689
97$86,401,191$4,324,142$808,147$56,914,429
98$95,120,375$4,442,287$741,482$62,528,091
99$104,725,962$4,563,268$669,631$68,709,063
100$115,308,274$4,687,131$592,327$75,515,075