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%18.5%
1 years$89,185$88,391$87,616$86,859$86,121$83,164
2 years$44,151$43,329$42,532$41,759$41,010$38,061
3 years$29,142$28,316$27,521$26,756$26,018$23,171
4 years$21,638$20,815$20,028$19,276$18,557$15,831
5 years$17,138$16,319$15,543$14,806$14,106$11,511
6 years$14,138$13,326$12,561$11,840$11,162$8,698
7 years$11,997$11,191$10,438$9,735$9,078$6,745
8 years$10,391$9,593$8,852$8,166$7,531$5,327
9 years$9,143$8,352$7,625$6,956$6,342$4,265
10 years$8,145$7,362$6,647$5,996$5,404$3,450
11 years$7,329$6,554$5,852$5,218$4,647$2,813
12 years$6,650$5,883$5,194$4,577$4,027$2,308
13 years$6,075$5,316$4,640$4,041$3,512$1,903
14 years$5,583$4,832$4,169$3,587$3,078$1,575
15 years$5,157$4,414$3,764$3,199$2,711$1,309
16 years$4,785$4,050$3,413$2,864$2,396$1,090
17 years$4,457$3,730$3,106$2,574$2,124$910
18 years$4,165$3,447$2,835$2,319$1,889$761
19 years$3,905$3,194$2,595$2,096$1,683$637
20 years$3,671$2,968$2,382$1,898$1,504$534
21 years$3,459$2,765$2,191$1,723$1,346$448
22 years$3,267$2,581$2,019$1,566$1,206$377
23 years$3,092$2,414$1,864$1,426$1,083$317
24 years$2,932$2,262$1,724$1,301$973$266
25 years$2,784$2,122$1,597$1,188$876$224
26 years$2,649$1,995$1,481$1,086$789$189
27 years$2,523$1,877$1,375$994$711$159
28 years$2,407$1,769$1,279$911$642$134
29 years$2,299$1,669$1,190$835$579$113
30 years$2,198$1,576$1,108$767$524$95
31 years$2,104$1,490$1,033$704$473$80
32 years$2,017$1,410$964$647$428$68
33 years$1,934$1,335$900$595$387$57
34 years$1,857$1,265$841$548$351$48
35 years$1,784$1,200$786$504$318$41
36 years$1,715$1,139$736$464$288$34
37 years$1,651$1,082$688$428$261$29
38 years$1,589$1,028$645$394$237$24
39 years$1,531$978$604$364$215$21
40 years$1,477$930$566$335$195$17
41 years$1,424$885$531$309$177$15
42 years$1,375$843$498$285$160$12
43 years$1,328$803$467$264$145$10
44 years$1,283$766$439$243$132$9
45 years$1,241$730$412$225$120$7
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$4
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 $2,407 every year, while hoping to spend $29,601 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: 70/10/20 Blend
49$1,080,000$1,080,000$1,080,000$1,080,000
50$1,192,643$1,135,403$1,118,663$1,270,130
51$1,282,797$1,159,542$1,124,643$1,346,263
52$1,381,155$1,183,873$1,129,831$1,425,844
53$1,488,522$1,208,372$1,134,170$1,512,219
54$1,605,785$1,233,016$1,137,598$1,606,057
55$1,733,920$1,257,778$1,140,052$1,708,095
56$1,874,002$1,282,631$1,141,466$1,819,147
57$2,027,213$1,307,543$1,141,768$1,940,106
58$2,194,857$1,332,481$1,140,886$2,071,959
59$2,378,368$1,357,408$1,138,741$2,215,793
60$2,579,326$1,382,285$1,135,253$2,372,806
61$2,799,470$1,407,070$1,130,337$2,544,318
62$3,040,715$1,431,716$1,123,903$2,731,783
63$3,305,173$1,456,174$1,115,858$2,936,803
64$3,595,165$1,480,392$1,106,104$3,161,147
65$3,913,252$1,504,311$1,094,538$3,406,761
66$4,262,252$1,527,871$1,081,054$3,675,792
67$4,645,271$1,551,005$1,065,538$3,970,603
68$5,065,728$1,573,644$1,047,873$4,293,802
69$5,527,390$1,595,711$1,027,935$4,648,262
70$6,034,409$1,617,125$1,005,595$5,037,148
71$6,591,355$1,637,801$980,719$5,463,952
72$7,203,264$1,657,644$953,164$5,932,518
73$7,875,686$1,676,557$922,784$6,447,086
74$8,614,732$1,694,434$889,423$7,012,329
75$9,427,135$1,711,163$852,920$7,633,394
76$10,320,316$1,726,622$813,105$8,315,959
77$11,302,446$1,740,685$769,803$9,066,278
78$12,382,532$1,753,215$722,827$9,891,246
79$13,570,495$1,764,067$671,986$10,798,460
80$14,877,266$1,773,087$617,078$11,796,295
81$16,314,888$1,780,109$557,892$12,893,983
82$17,896,632$1,784,961$494,207$14,101,694
83$19,637,120$1,787,455$425,794$15,430,642
84$21,552,461$1,787,395$352,412$16,893,184
85$23,660,405$1,784,571$273,812$18,502,939
86$25,980,513$1,778,760$189,730$20,274,917
87$28,534,333$1,769,728$99,895$22,225,661
88$31,345,614$1,757,223$4,020$24,373,405
89$34,440,519$1,740,980$0$26,738,244
90$37,847,881$1,720,717$0$29,363,300
91$41,599,468$1,696,135$0$32,254,284
92$45,730,287$1,666,919$0$35,437,309
93$50,278,912$1,632,733$0$38,942,094
94$55,287,846$1,593,222$0$42,801,389
95$60,803,927$1,548,011$0$47,051,286
96$66,878,764$1,496,700$0$51,731,553
97$73,569,230$1,438,870$0$56,886,016
98$80,937,991$1,374,074$0$62,562,970
99$89,054,104$1,301,842$0$68,815,635
100$97,993,664$1,221,673$0$75,702,658