Can I retire at age 50 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$99,921$99,031$98,162$97,315$96,487$94,539
2 years$49,466$48,544$47,652$46,786$45,946$43,992
3 years$32,650$31,724$30,834$29,976$29,150$27,251
4 years$24,243$23,321$22,439$21,596$20,790$18,960
5 years$19,201$18,284$17,414$16,588$15,804$14,049
6 years$15,840$14,930$14,073$13,265$12,505$10,827
7 years$13,441$12,538$11,695$10,906$10,170$8,569
8 years$11,642$10,748$9,918$9,149$8,437$6,912
9 years$10,243$9,358$8,542$7,793$7,105$5,656
10 years$9,125$8,248$7,447$6,718$6,054$4,679
11 years$8,211$7,343$6,557$5,846$5,207$3,904
12 years$7,450$6,591$5,819$5,128$4,512$3,280
13 years$6,806$5,956$5,199$4,527$3,935$2,771
14 years$6,255$5,414$4,671$4,019$3,449$2,352
15 years$5,778$4,946$4,217$3,584$3,037$2,003
16 years$5,361$4,538$3,824$3,209$2,684$1,712
17 years$4,993$4,179$3,479$2,883$2,380$1,467
18 years$4,667$3,862$3,176$2,599$2,116$1,260
19 years$4,375$3,579$2,908$2,348$1,886$1,084
20 years$4,112$3,326$2,668$2,127$1,685$934
21 years$3,875$3,098$2,455$1,930$1,508$806
22 years$3,660$2,892$2,262$1,755$1,351$696
23 years$3,464$2,704$2,089$1,598$1,213$602
24 years$3,285$2,534$1,932$1,458$1,090$521
25 years$3,120$2,378$1,789$1,331$981$451
26 years$2,968$2,235$1,659$1,217$884$391
27 years$2,827$2,103$1,541$1,114$797$339
28 years$2,697$1,982$1,432$1,021$719$294
29 years$2,576$1,870$1,333$936$649$255
30 years$2,463$1,766$1,242$859$587$222
31 years$2,358$1,669$1,158$789$530$193
32 years$2,259$1,579$1,080$725$480$167
33 years$2,167$1,496$1,008$667$434$145
34 years$2,080$1,418$942$613$393$126
35 years$1,999$1,345$881$565$356$110
36 years$1,922$1,276$824$520$323$96
37 years$1,849$1,212$771$479$292$83
38 years$1,781$1,152$722$442$265$72
39 years$1,716$1,095$677$407$240$63
40 years$1,654$1,042$634$376$218$55
41 years$1,596$992$595$347$198$48
42 years$1,541$945$558$320$179$41
43 years$1,488$900$524$295$163$36
44 years$1,438$858$491$273$148$31
45 years$1,390$818$461$252$134$27
46 years$1,344$781$433$233$122$24
47 years$1,301$745$407$215$111$21
48 years$1,259$711$383$199$100$18
49 years$1,219$679$360$183$91$16
50 years$1,181$649$338$170$83$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,210,000, adding $4,836 every year, while hoping to spend $42,588 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: 61/27/12 Blend
49$1,210,000$1,210,000$1,210,000$1,210,000
50$1,338,408$1,274,278$1,255,523$1,415,932
51$1,429,613$1,291,405$1,252,270$1,485,686
52$1,528,693$1,307,943$1,247,480$1,556,493
53$1,636,406$1,323,819$1,241,058$1,632,718
54$1,753,588$1,338,954$1,232,902$1,714,886
55$1,881,156$1,353,265$1,222,906$1,803,577
56$2,020,119$1,366,661$1,210,959$1,899,432
57$2,171,590$1,379,046$1,196,945$2,003,156
58$2,336,792$1,390,319$1,180,742$2,115,529
59$2,517,072$1,400,371$1,162,224$2,237,407
60$2,713,910$1,409,086$1,141,255$2,369,739
61$2,928,939$1,416,342$1,117,697$2,513,569
62$3,163,954$1,422,006$1,091,404$2,670,049
63$3,420,933$1,425,940$1,062,222$2,840,450
64$3,702,054$1,427,996$1,029,991$3,026,175
65$4,009,712$1,428,017$994,545$3,228,768
66$4,346,548$1,425,835$955,707$3,449,937
67$4,715,468$1,421,274$913,296$3,691,561
68$5,119,674$1,414,144$867,119$3,955,716
69$5,562,690$1,404,247$816,978$4,244,691
70$6,048,400$1,391,370$762,662$4,561,010
71$6,581,079$1,375,289$703,953$4,907,456
72$7,165,437$1,355,767$640,623$5,287,101
73$7,806,662$1,332,549$572,434$5,703,330
74$8,510,468$1,305,371$499,137$6,159,879
75$9,283,149$1,273,947$420,472$6,660,866
76$10,131,639$1,237,979$336,166$7,210,834
77$11,063,576$1,197,150$245,937$7,814,792
78$12,087,373$1,151,123$149,489$8,478,265
79$13,212,299$1,099,542$46,511$9,207,345
80$14,448,567$1,042,033$0$10,008,750
81$15,807,426$978,197$0$10,898,004
82$17,301,269$907,615$0$11,882,043
83$18,943,750$829,840$0$12,963,957
84$20,749,914$744,403$0$14,153,727
85$22,736,335$650,808$0$15,462,353
86$24,921,273$548,530$0$16,901,961
87$27,324,848$437,014$0$18,485,919
88$29,969,229$315,674$0$20,228,964
89$32,878,840$183,891$0$22,147,337
90$36,080,593$41,013$0$24,258,946
91$39,604,140$0$0$26,583,526
92$43,482,154$0$0$29,176,601
93$47,750,634$0$0$32,044,291
94$52,449,249$0$0$35,201,072
95$57,621,706$0$0$38,676,326
96$63,316,166$0$0$42,502,424
97$69,585,698$0$0$46,715,040
98$76,488,778$0$0$51,353,480
99$84,089,840$0$0$56,461,056
100$92,459,886$0$0$62,085,495