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

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$99,095$98,212$97,351$96,510$95,690$93,376
2 years$49,057$48,143$47,258$46,399$45,567$43,250
3 years$32,380$31,462$30,579$29,728$28,909$26,662
4 years$24,043$23,128$22,254$21,418$20,618$18,457
5 years$19,042$18,133$17,270$16,451$15,674$13,605
6 years$15,709$14,807$13,956$13,156$12,402$10,427
7 years$13,329$12,435$11,598$10,816$10,086$8,206
8 years$11,546$10,659$9,836$9,073$8,367$6,581
9 years$10,159$9,280$8,472$7,729$7,047$5,353
10 years$9,050$8,180$7,386$6,662$6,004$4,401
11 years$8,143$7,282$6,502$5,798$5,164$3,649
12 years$7,388$6,536$5,771$5,086$4,475$3,046
13 years$6,750$5,907$5,156$4,490$3,902$2,556
14 years$6,204$5,369$4,632$3,986$3,421$2,154
15 years$5,730$4,905$4,182$3,554$3,012$1,822
16 years$5,316$4,500$3,792$3,183$2,662$1,546
17 years$4,952$4,144$3,451$2,860$2,360$1,315
18 years$4,628$3,830$3,150$2,577$2,098$1,121
19 years$4,339$3,549$2,884$2,329$1,870$958
20 years$4,078$3,298$2,646$2,109$1,671$819
21 years$3,843$3,072$2,434$1,914$1,495$701
22 years$3,630$2,868$2,244$1,740$1,340$601
23 years$3,435$2,682$2,071$1,585$1,203$516
24 years$3,257$2,513$1,916$1,446$1,081$443
25 years$3,094$2,358$1,774$1,320$973$381
26 years$2,943$2,216$1,646$1,207$876$327
27 years$2,804$2,086$1,528$1,105$790$282
28 years$2,675$1,966$1,421$1,012$713$242
29 years$2,555$1,854$1,322$928$644$209
30 years$2,443$1,751$1,231$852$582$180
31 years$2,338$1,655$1,148$782$526$155
32 years$2,241$1,566$1,071$719$476$133
33 years$2,149$1,483$1,000$661$431$115
34 years$2,063$1,406$934$608$390$99
35 years$1,982$1,333$874$560$353$85
36 years$1,906$1,266$817$516$320$74
37 years$1,834$1,202$765$475$290$63
38 years$1,766$1,142$716$438$263$55
39 years$1,702$1,086$671$404$238$47
40 years$1,641$1,034$629$373$216$41
41 years$1,583$984$590$344$196$35
42 years$1,528$937$553$317$178$30
43 years$1,476$893$519$293$162$26
44 years$1,426$851$487$270$147$23
45 years$1,378$811$458$250$133$19
46 years$1,333$774$430$231$121$17
47 years$1,290$739$404$213$110$14
48 years$1,249$705$379$197$100$12
49 years$1,209$673$357$182$91$11
50 years$1,172$643$335$168$82$9

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 $2,116 every year, while hoping to spend $50,362 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: 64/12/24 Blend
49$1,200,000$1,200,000$1,200,000$1,200,000
50$1,324,583$1,260,983$1,242,383$1,400,922
51$1,406,105$1,269,186$1,230,418$1,460,900
52$1,494,255$1,276,103$1,216,364$1,520,589
53$1,589,656$1,281,619$1,200,098$1,584,670
54$1,692,991$1,285,608$1,181,492$1,653,580
55$1,805,014$1,287,941$1,160,410$1,727,798
56$1,926,552$1,288,477$1,136,710$1,807,857
57$2,058,516$1,287,068$1,110,246$1,894,344
58$2,201,907$1,283,557$1,080,862$1,987,905
59$2,357,827$1,277,777$1,048,396$2,089,258
60$2,527,488$1,269,550$1,012,680$2,199,193
61$2,712,223$1,258,689$973,536$2,318,583
62$2,913,499$1,244,994$930,778$2,448,392
63$3,132,931$1,228,254$884,214$2,589,684
64$3,372,296$1,208,245$833,642$2,743,634
65$3,633,550$1,184,729$778,849$2,911,541
66$3,918,846$1,157,454$719,614$3,094,835
67$4,230,555$1,126,156$655,708$3,295,099
68$4,571,286$1,090,552$586,888$3,514,077
69$4,943,911$1,050,343$512,903$3,753,696
70$5,351,595$1,005,215$433,490$4,016,082
71$5,797,819$954,832$348,374$4,303,582
72$6,286,420$898,842$257,268$4,618,785
73$6,821,620$836,871$159,872$4,964,549
74$7,408,072$768,524$55,874$5,344,026
75$8,050,897$693,383$0$5,760,698
76$8,755,737$611,007$0$6,232,515
77$9,528,805$520,930$0$6,765,787
78$10,376,946$422,658$0$7,350,955
79$11,307,698$315,672$0$7,993,270
80$12,329,364$199,421$0$8,698,517
81$13,451,091$73,324$0$9,473,075
82$14,682,954$0$0$10,323,971
83$16,036,052$0$0$11,267,301
84$17,522,613$0$0$12,314,401
85$19,156,106$0$0$13,465,086
86$20,951,369$0$0$14,729,822
87$22,924,752$0$0$16,120,136
88$25,094,265$0$0$17,648,731
89$27,479,751$0$0$19,329,599
90$30,103,071$0$0$21,178,158
91$32,988,312$0$0$23,211,393
92$36,162,011$0$0$25,448,020
93$39,653,408$0$0$27,908,658
94$43,494,717$0$0$30,616,026
95$47,721,435$0$0$33,595,158
96$52,372,672$0$0$36,873,635
97$57,491,519$0$0$40,481,847
98$63,125,459$0$0$44,453,281
99$69,326,810$0$0$48,824,833
100$76,153,220$0$0$53,637,158