Can I retire at age 50 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$99,095$98,212$97,351$96,510$95,690$91,893
2 years$49,057$48,143$47,258$46,399$45,567$41,789
3 years$32,380$31,462$30,579$29,728$28,909$25,269
4 years$24,043$23,128$22,254$21,418$20,618$17,143
5 years$19,042$18,133$17,270$16,451$15,674$12,373
6 years$15,709$14,807$13,956$13,156$12,402$9,277
7 years$13,329$12,435$11,598$10,816$10,086$7,137
8 years$11,546$10,659$9,836$9,073$8,367$5,590
9 years$10,159$9,280$8,472$7,729$7,047$4,437
10 years$9,050$8,180$7,386$6,662$6,004$3,557
11 years$8,143$7,282$6,502$5,798$5,164$2,874
12 years$7,388$6,536$5,771$5,086$4,475$2,336
13 years$6,750$5,907$5,156$4,490$3,902$1,908
14 years$6,204$5,369$4,632$3,986$3,421$1,564
15 years$5,730$4,905$4,182$3,554$3,012$1,286
16 years$5,316$4,500$3,792$3,183$2,662$1,061
17 years$4,952$4,144$3,451$2,860$2,360$876
18 years$4,628$3,830$3,150$2,577$2,098$725
19 years$4,339$3,549$2,884$2,329$1,870$601
20 years$4,078$3,298$2,646$2,109$1,671$498
21 years$3,843$3,072$2,434$1,914$1,495$414
22 years$3,630$2,868$2,244$1,740$1,340$344
23 years$3,435$2,682$2,071$1,585$1,203$286
24 years$3,257$2,513$1,916$1,446$1,081$238
25 years$3,094$2,358$1,774$1,320$973$198
26 years$2,943$2,216$1,646$1,207$876$165
27 years$2,804$2,086$1,528$1,105$790$137
28 years$2,675$1,966$1,421$1,012$713$114
29 years$2,555$1,854$1,322$928$644$95
30 years$2,443$1,751$1,231$852$582$79
31 years$2,338$1,655$1,148$782$526$66
32 years$2,241$1,566$1,071$719$476$55
33 years$2,149$1,483$1,000$661$431$46
34 years$2,063$1,406$934$608$390$38
35 years$1,982$1,333$874$560$353$32
36 years$1,906$1,266$817$516$320$27
37 years$1,834$1,202$765$475$290$22
38 years$1,766$1,142$716$438$263$19
39 years$1,702$1,086$671$404$238$15
40 years$1,641$1,034$629$373$216$13
41 years$1,583$984$590$344$196$11
42 years$1,528$937$553$317$178$9
43 years$1,476$893$519$293$162$7
44 years$1,426$851$487$270$147$6
45 years$1,378$811$458$250$133$5
46 years$1,333$774$430$231$121$4
47 years$1,290$739$404$213$110$4
48 years$1,249$705$379$197$100$3
49 years$1,209$673$357$182$91$3
50 years$1,172$643$335$168$82$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,200,000, adding $4,361 every year, while hoping to spend $23,928 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: 62/11/27 Blend
49$1,200,000$1,200,000$1,200,000$1,200,000
50$1,326,898$1,263,298$1,244,698$1,399,339
51$1,436,783$1,299,741$1,260,937$1,485,480
52$1,557,073$1,337,167$1,276,917$1,576,508
53$1,688,807$1,375,600$1,292,605$1,675,390
54$1,833,123$1,415,062$1,307,966$1,782,899
55$1,991,280$1,455,579$1,322,961$1,899,886
56$2,164,661$1,497,172$1,337,550$2,027,287
57$2,354,790$1,539,867$1,351,692$2,166,137
58$2,563,346$1,583,689$1,365,341$2,317,571
59$2,792,179$1,628,661$1,378,452$2,482,844
60$3,043,325$1,674,809$1,390,973$2,663,336
61$3,319,027$1,722,158$1,402,854$2,860,568
62$3,621,758$1,770,733$1,414,040$3,076,217
63$3,954,239$1,820,561$1,424,472$3,312,130
64$4,319,470$1,871,667$1,434,090$3,570,341
65$4,720,754$1,924,077$1,442,830$3,853,094
66$5,161,730$1,977,816$1,450,625$4,162,860
67$5,646,410$2,032,912$1,457,404$4,502,360
68$6,179,210$2,089,391$1,463,093$4,874,597
69$6,764,996$2,147,278$1,467,613$5,282,876
70$7,409,131$2,206,600$1,470,884$5,730,842
71$8,117,522$2,267,384$1,472,818$6,222,509
72$8,896,678$2,329,654$1,473,326$6,762,303
73$9,753,770$2,393,438$1,472,313$7,355,099
74$10,696,698$2,458,760$1,469,680$8,006,271
75$11,734,169$2,525,646$1,465,321$8,721,741
76$12,875,773$2,594,122$1,459,128$9,508,035
77$14,132,080$2,664,212$1,450,987$10,372,345
78$15,514,733$2,735,939$1,440,776$11,322,597
79$17,036,565$2,809,329$1,428,371$12,367,523
80$18,711,712$2,884,404$1,413,639$13,516,751
81$20,555,753$2,961,186$1,396,442$14,780,888
82$22,585,852$3,039,697$1,376,636$16,171,624
83$24,820,924$3,119,957$1,354,068$17,701,841
84$27,281,810$3,201,987$1,328,581$19,385,738
85$29,991,475$3,285,804$1,300,009$21,238,962
86$32,975,223$3,371,426$1,268,177$23,278,754
87$36,260,939$3,458,870$1,232,904$25,524,119
88$39,879,349$3,548,148$1,194,001$27,995,997
89$43,864,310$3,639,275$1,151,267$30,717,469
90$48,253,132$3,732,261$1,104,496$33,713,968
91$53,086,924$3,827,115$1,053,470$37,013,524
92$58,410,991$3,923,845$997,962$40,647,027
93$64,275,253$4,022,453$937,734$44,648,519
94$70,734,718$4,122,944$872,538$49,055,517
95$77,850,006$4,225,315$802,115$53,909,364
96$85,687,915$4,329,563$726,194$59,255,624
97$94,322,052$4,435,681$644,491$65,144,510
98$103,833,531$4,543,659$556,711$71,631,357
99$114,311,736$4,653,483$462,546$78,777,150
100$125,855,164$4,765,135$361,672$86,649,093