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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$89,185$88,391$87,616$86,859$86,121$83,937
2 years$44,151$43,329$42,532$41,759$41,010$38,824
3 years$29,142$28,316$27,521$26,756$26,018$23,898
4 years$21,638$20,815$20,028$19,276$18,557$16,519
5 years$17,138$16,319$15,543$14,806$14,106$12,157
6 years$14,138$13,326$12,561$11,840$11,162$9,303
7 years$11,997$11,191$10,438$9,735$9,078$7,309
8 years$10,391$9,593$8,852$8,166$7,531$5,851
9 years$9,143$8,352$7,625$6,956$6,342$4,750
10 years$8,145$7,362$6,647$5,996$5,404$3,898
11 years$7,329$6,554$5,852$5,218$4,647$3,226
12 years$6,650$5,883$5,194$4,577$4,027$2,687
13 years$6,075$5,316$4,640$4,041$3,512$2,251
14 years$5,583$4,832$4,169$3,587$3,078$1,893
15 years$5,157$4,414$3,764$3,199$2,711$1,598
16 years$4,785$4,050$3,413$2,864$2,396$1,353
17 years$4,457$3,730$3,106$2,574$2,124$1,149
18 years$4,165$3,447$2,835$2,319$1,889$977
19 years$3,905$3,194$2,595$2,096$1,683$832
20 years$3,671$2,968$2,382$1,898$1,504$710
21 years$3,459$2,765$2,191$1,723$1,346$607
22 years$3,267$2,581$2,019$1,566$1,206$519
23 years$3,092$2,414$1,864$1,426$1,083$444
24 years$2,932$2,262$1,724$1,301$973$381
25 years$2,784$2,122$1,597$1,188$876$326
26 years$2,649$1,995$1,481$1,086$789$280
27 years$2,523$1,877$1,375$994$711$240
28 years$2,407$1,769$1,279$911$642$206
29 years$2,299$1,669$1,190$835$579$177
30 years$2,198$1,576$1,108$767$524$152
31 years$2,104$1,490$1,033$704$473$131
32 years$2,017$1,410$964$647$428$112
33 years$1,934$1,335$900$595$387$97
34 years$1,857$1,265$841$548$351$83
35 years$1,784$1,200$786$504$318$71
36 years$1,715$1,139$736$464$288$61
37 years$1,651$1,082$688$428$261$53
38 years$1,589$1,028$645$394$237$45
39 years$1,531$978$604$364$215$39
40 years$1,477$930$566$335$195$34
41 years$1,424$885$531$309$177$29
42 years$1,375$843$498$285$160$25
43 years$1,328$803$467$264$145$21
44 years$1,283$766$439$243$132$18
45 years$1,241$730$412$225$120$16
46 years$1,200$697$387$208$109$14
47 years$1,161$665$363$192$99$12
48 years$1,124$635$341$177$90$10
49 years$1,088$606$321$164$81$9
50 years$1,054$579$302$151$74$7

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 $6,997 every year, while hoping to spend $56,679 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: 45/26/29 Blend
49$1,080,000$1,080,000$1,080,000$1,080,000
50$1,197,377$1,140,137$1,123,397$1,240,946
51$1,259,204$1,135,698$1,100,725$1,268,216
52$1,325,437$1,129,142$1,075,394$1,291,810
53$1,396,466$1,120,304$1,047,254$1,316,323
54$1,472,720$1,109,013$1,016,151$1,341,874
55$1,554,666$1,095,083$981,921$1,368,595
56$1,642,820$1,078,321$944,394$1,396,638
57$1,737,748$1,058,519$903,391$1,426,174
58$1,840,070$1,035,458$858,726$1,457,396
59$1,950,468$1,008,907$810,205$1,490,520
60$2,069,693$978,620$757,624$1,525,790
61$2,198,568$944,338$700,770$1,563,481
62$2,337,997$905,786$639,421$1,603,899
63$2,488,976$862,673$573,345$1,647,390
64$2,652,599$814,691$502,299$1,694,338
65$2,830,068$761,515$426,031$1,745,178
66$3,022,707$702,801$344,274$1,800,390
67$3,231,969$638,185$256,754$1,860,516
68$3,459,457$567,283$163,182$1,926,158
69$3,706,930$489,688$63,257$1,997,987
70$3,976,325$404,971$0$2,076,754
71$4,269,774$312,679$0$2,176,717
72$4,589,623$212,332$0$2,307,144
73$4,938,452$103,424$0$2,449,582
74$5,319,104$0$0$2,605,294
75$5,734,706$0$0$2,779,847
76$6,188,700$0$0$3,002,967
77$6,684,877$0$0$3,246,942
78$7,227,409$0$0$3,513,838
79$7,820,891$0$0$3,805,934
80$8,470,381$0$0$4,125,734
81$9,181,449$0$0$4,475,998
82$9,960,230$0$0$4,859,768
83$10,813,477$0$0$5,280,389
84$11,748,632$0$0$5,741,548
85$12,773,885$0$0$6,247,306
86$13,898,261$0$0$6,802,136
87$15,131,700$0$0$7,410,962
88$16,485,147$0$0$8,079,212
89$17,970,661$0$0$8,812,862
90$19,601,524$0$0$9,618,495
91$21,392,368$0$0$10,503,365
92$23,359,310$0$0$11,475,460
93$25,520,105$0$0$12,543,583
94$27,894,313$0$0$13,717,430
95$30,503,482$0$0$15,007,683
96$33,371,350$0$0$16,426,110
97$36,524,070$0$0$17,985,678
98$39,990,457$0$0$19,700,671
99$43,802,254$0$0$21,586,828
100$47,994,437$0$0$23,661,488