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%19.7%
1 years$89,185$88,391$87,616$86,859$86,121$82,769
2 years$44,151$43,329$42,532$41,759$41,010$37,674
3 years$29,142$28,316$27,521$26,756$26,018$22,803
4 years$21,638$20,815$20,028$19,276$18,557$15,486
5 years$17,138$16,319$15,543$14,806$14,106$11,188
6 years$14,138$13,326$12,561$11,840$11,162$8,399
7 years$11,997$11,191$10,438$9,735$9,078$6,468
8 years$10,391$9,593$8,852$8,166$7,531$5,072
9 years$9,143$8,352$7,625$6,956$6,342$4,031
10 years$8,145$7,362$6,647$5,996$5,404$3,236
11 years$7,329$6,554$5,852$5,218$4,647$2,618
12 years$6,650$5,883$5,194$4,577$4,027$2,131
13 years$6,075$5,316$4,640$4,041$3,512$1,743
14 years$5,583$4,832$4,169$3,587$3,078$1,431
15 years$5,157$4,414$3,764$3,199$2,711$1,178
16 years$4,785$4,050$3,413$2,864$2,396$973
17 years$4,457$3,730$3,106$2,574$2,124$805
18 years$4,165$3,447$2,835$2,319$1,889$667
19 years$3,905$3,194$2,595$2,096$1,683$553
20 years$3,671$2,968$2,382$1,898$1,504$460
21 years$3,459$2,765$2,191$1,723$1,346$382
22 years$3,267$2,581$2,019$1,566$1,206$318
23 years$3,092$2,414$1,864$1,426$1,083$265
24 years$2,932$2,262$1,724$1,301$973$221
25 years$2,784$2,122$1,597$1,188$876$184
26 years$2,649$1,995$1,481$1,086$789$153
27 years$2,523$1,877$1,375$994$711$128
28 years$2,407$1,769$1,279$911$642$107
29 years$2,299$1,669$1,190$835$579$89
30 years$2,198$1,576$1,108$767$524$74
31 years$2,104$1,490$1,033$704$473$62
32 years$2,017$1,410$964$647$428$52
33 years$1,934$1,335$900$595$387$43
34 years$1,857$1,265$841$548$351$36
35 years$1,784$1,200$786$504$318$30
36 years$1,715$1,139$736$464$288$25
37 years$1,651$1,082$688$428$261$21
38 years$1,589$1,028$645$394$237$18
39 years$1,531$978$604$364$215$15
40 years$1,477$930$566$335$195$12
41 years$1,424$885$531$309$177$10
42 years$1,375$843$498$285$160$9
43 years$1,328$803$467$264$145$7
44 years$1,283$766$439$243$132$6
45 years$1,241$730$412$225$120$5
46 years$1,200$697$387$208$109$4
47 years$1,161$665$363$192$99$3
48 years$1,124$635$341$177$90$3
49 years$1,088$606$321$164$81$2
50 years$1,054$579$302$151$74$2

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 $4,414 every year, while hoping to spend $30,776 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: 59/17/24 Blend
49$1,080,000$1,080,000$1,080,000$1,080,000
50$1,194,713$1,137,473$1,120,733$1,257,262
51$1,283,828$1,160,464$1,125,532$1,323,349
52$1,381,002$1,183,550$1,129,461$1,391,699
53$1,487,023$1,206,703$1,132,457$1,465,586
54$1,602,761$1,229,893$1,134,456$1,545,552
55$1,729,172$1,253,087$1,135,389$1,632,196
56$1,867,310$1,276,250$1,135,187$1,726,180
57$2,018,333$1,299,344$1,133,773$1,828,232
58$2,183,518$1,322,327$1,131,069$1,939,155
59$2,364,270$1,345,154$1,126,993$2,059,834
60$2,562,137$1,367,778$1,121,459$2,191,246
61$2,778,823$1,390,147$1,114,376$2,334,468
62$3,016,204$1,412,205$1,105,649$2,490,685
63$3,276,347$1,433,894$1,095,178$2,661,206
64$3,561,528$1,455,148$1,082,860$2,847,475
65$3,874,254$1,475,901$1,068,586$3,051,082
66$4,217,286$1,496,078$1,052,242$3,273,780
67$4,593,664$1,515,601$1,033,707$3,517,504
68$5,006,739$1,534,386$1,012,858$3,784,385
69$5,460,200$1,552,345$989,562$4,076,774
70$5,958,112$1,569,381$963,683$4,397,263
71$6,504,950$1,585,392$935,078$4,748,709
72$7,105,649$1,600,269$903,597$5,134,263
73$7,765,640$1,613,898$869,082$5,557,397
74$8,490,910$1,626,153$831,371$6,021,940
75$9,288,052$1,636,904$790,291$6,532,115
76$10,164,331$1,646,010$745,664$7,092,575
77$11,127,752$1,653,323$697,302$7,708,452
78$12,187,130$1,658,684$645,010$8,385,401
79$13,352,183$1,661,925$588,583$9,129,659
80$14,633,612$1,662,866$527,807$9,948,100
81$16,043,212$1,661,318$462,460$10,848,303
82$17,593,976$1,657,078$392,309$11,838,622
83$19,300,220$1,649,933$317,109$12,928,268
84$21,177,717$1,639,656$236,608$14,127,392
85$23,243,850$1,626,004$150,539$15,447,186
86$25,517,766$1,608,722$58,627$16,899,989
87$28,020,569$1,587,540$0$18,499,398
88$30,775,507$1,562,169$0$20,270,509
89$33,808,198$1,532,305$0$22,236,422
90$37,146,873$1,497,627$0$24,400,403
91$40,822,635$1,457,791$0$26,782,613
92$44,869,758$1,412,438$0$29,405,272
93$49,326,009$1,361,183$0$32,292,866
94$54,233,003$1,303,622$0$35,472,380
95$59,636,596$1,239,326$0$38,973,551
96$65,587,319$1,167,843$0$42,829,151
97$72,140,850$1,088,692$0$47,075,297
98$79,358,546$1,001,367$0$51,751,789
99$87,308,015$905,331$0$56,902,489
100$96,063,760$800,020$0$62,575,736