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%14.7%
1 years$99,095$98,212$97,351$96,510$95,690$93,834
2 years$49,057$48,143$47,258$46,399$45,567$43,705
3 years$32,380$31,462$30,579$29,728$28,909$27,099
4 years$24,043$23,128$22,254$21,418$20,618$18,874
5 years$19,042$18,133$17,270$16,451$15,674$14,000
6 years$15,709$14,807$13,956$13,156$12,402$10,801
7 years$13,329$12,435$11,598$10,816$10,086$8,558
8 years$11,546$10,659$9,836$9,073$8,367$6,911
9 years$10,159$9,280$8,472$7,729$7,047$5,662
10 years$9,050$8,180$7,386$6,662$6,004$4,690
11 years$8,143$7,282$6,502$5,798$5,164$3,918
12 years$7,388$6,536$5,771$5,086$4,475$3,296
13 years$6,750$5,907$5,156$4,490$3,902$2,788
14 years$6,204$5,369$4,632$3,986$3,421$2,369
15 years$5,730$4,905$4,182$3,554$3,012$2,021
16 years$5,316$4,500$3,792$3,183$2,662$1,730
17 years$4,952$4,144$3,451$2,860$2,360$1,484
18 years$4,628$3,830$3,150$2,577$2,098$1,276
19 years$4,339$3,549$2,884$2,329$1,870$1,100
20 years$4,078$3,298$2,646$2,109$1,671$949
21 years$3,843$3,072$2,434$1,914$1,495$820
22 years$3,630$2,868$2,244$1,740$1,340$710
23 years$3,435$2,682$2,071$1,585$1,203$615
24 years$3,257$2,513$1,916$1,446$1,081$533
25 years$3,094$2,358$1,774$1,320$973$462
26 years$2,943$2,216$1,646$1,207$876$401
27 years$2,804$2,086$1,528$1,105$790$349
28 years$2,675$1,966$1,421$1,012$713$303
29 years$2,555$1,854$1,322$928$644$263
30 years$2,443$1,751$1,231$852$582$229
31 years$2,338$1,655$1,148$782$526$199
32 years$2,241$1,566$1,071$719$476$173
33 years$2,149$1,483$1,000$661$431$151
34 years$2,063$1,406$934$608$390$131
35 years$1,982$1,333$874$560$353$114
36 years$1,906$1,266$817$516$320$100
37 years$1,834$1,202$765$475$290$87
38 years$1,766$1,142$716$438$263$76
39 years$1,702$1,086$671$404$238$66
40 years$1,641$1,034$629$373$216$57
41 years$1,583$984$590$344$196$50
42 years$1,528$937$553$317$178$44
43 years$1,476$893$519$293$162$38
44 years$1,426$851$487$270$147$33
45 years$1,378$811$458$250$133$29
46 years$1,333$774$430$231$121$25
47 years$1,290$739$404$213$110$22
48 years$1,249$705$379$197$100$19
49 years$1,209$673$357$182$91$17
50 years$1,172$643$335$168$82$15

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 $2,176 every year, while hoping to spend $26,813 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: 67/28/5 Blend
49$1,200,000$1,200,000$1,200,000$1,200,000
50$1,324,645$1,261,045$1,242,445$1,412,447
51$1,431,229$1,294,307$1,255,538$1,504,167
52$1,547,787$1,328,300$1,268,171$1,600,939
53$1,675,307$1,363,033$1,280,300$1,705,998
54$1,814,878$1,398,511$1,291,879$1,820,147
55$1,967,699$1,434,741$1,302,860$1,944,272
56$2,135,090$1,471,729$1,313,192$2,079,347
57$2,318,505$1,509,480$1,322,820$2,226,444
58$2,519,547$1,547,998$1,331,689$2,386,743
59$2,739,978$1,587,288$1,339,738$2,561,546
60$2,981,741$1,627,350$1,346,904$2,752,283
61$3,246,976$1,668,188$1,353,123$2,960,533
62$3,538,040$1,709,802$1,358,325$3,188,031
63$3,857,528$1,752,190$1,362,437$3,436,691
64$4,208,300$1,795,352$1,365,383$3,708,619
65$4,593,506$1,839,283$1,367,083$4,006,136
66$5,016,616$1,883,980$1,367,452$4,331,798
67$5,481,452$1,929,436$1,366,403$4,688,422
68$5,992,225$1,975,644$1,363,843$5,079,110
69$6,553,575$2,022,593$1,359,674$5,507,279
70$7,170,612$2,070,272$1,353,795$5,976,694
71$7,848,966$2,118,668$1,346,099$6,491,502
72$8,594,842$2,167,763$1,336,475$7,056,275
73$9,415,073$2,217,541$1,324,804$7,676,047
74$10,317,190$2,267,980$1,310,964$8,356,364
75$11,309,489$2,319,057$1,294,827$9,103,340
76$12,401,111$2,370,744$1,276,258$9,923,709
77$13,602,126$2,423,013$1,255,115$10,824,890
78$14,923,633$2,475,831$1,231,251$11,815,060
79$16,377,857$2,529,160$1,204,511$12,903,228
80$17,978,270$2,582,961$1,174,734$14,099,320
81$19,739,717$2,637,189$1,141,751$15,414,275
82$21,678,552$2,691,795$1,105,384$16,860,145
83$23,812,799$2,746,727$1,065,448$18,450,212
84$26,162,314$2,801,926$1,021,750$20,199,111
85$28,748,978$2,857,329$974,088$22,122,969
86$31,596,903$2,912,868$922,249$24,239,555
87$34,732,656$2,968,466$866,012$26,568,454
88$38,185,510$3,024,045$805,147$29,131,244
89$41,987,725$3,079,516$739,412$31,951,704
90$46,174,845$3,134,784$668,555$35,056,039
91$50,786,039$3,189,749$592,311$38,473,124
92$55,864,468$3,244,299$510,407$42,234,782
93$61,457,691$3,298,317$422,553$46,376,077
94$67,618,118$3,351,677$328,450$50,935,653
95$74,403,497$3,404,241$227,785$55,956,093
96$81,877,468$3,455,862$120,230$61,484,324
97$90,110,156$3,506,385$5,444$67,572,058
98$99,178,835$3,555,641$0$74,276,284
99$109,168,658$3,603,450$0$81,666,046
100$120,173,462$3,649,620$0$89,805,021