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%12.7%
1 years$99,921$99,031$98,162$97,315$96,487$95,400
2 years$49,466$48,544$47,652$46,786$45,946$44,852
3 years$32,650$31,724$30,834$29,976$29,150$28,083
4 years$24,243$23,321$22,439$21,596$20,790$19,757
5 years$19,201$18,284$17,414$16,588$15,804$14,810
6 years$15,840$14,930$14,073$13,265$12,505$11,550
7 years$13,441$12,538$11,695$10,906$10,170$9,254
8 years$11,642$10,748$9,918$9,149$8,437$7,561
9 years$10,243$9,358$8,542$7,793$7,105$6,268
10 years$9,125$8,248$7,447$6,718$6,054$5,255
11 years$8,211$7,343$6,557$5,846$5,207$4,446
12 years$7,450$6,591$5,819$5,128$4,512$3,788
13 years$6,806$5,956$5,199$4,527$3,935$3,247
14 years$6,255$5,414$4,671$4,019$3,449$2,796
15 years$5,778$4,946$4,217$3,584$3,037$2,418
16 years$5,361$4,538$3,824$3,209$2,684$2,099
17 years$4,993$4,179$3,479$2,883$2,380$1,827
18 years$4,667$3,862$3,176$2,599$2,116$1,594
19 years$4,375$3,579$2,908$2,348$1,886$1,393
20 years$4,112$3,326$2,668$2,127$1,685$1,221
21 years$3,875$3,098$2,455$1,930$1,508$1,071
22 years$3,660$2,892$2,262$1,755$1,351$941
23 years$3,464$2,704$2,089$1,598$1,213$828
24 years$3,285$2,534$1,932$1,458$1,090$729
25 years$3,120$2,378$1,789$1,331$981$642
26 years$2,968$2,235$1,659$1,217$884$566
27 years$2,827$2,103$1,541$1,114$797$500
28 years$2,697$1,982$1,432$1,021$719$442
29 years$2,576$1,870$1,333$936$649$390
30 years$2,463$1,766$1,242$859$587$345
31 years$2,358$1,669$1,158$789$530$305
32 years$2,259$1,579$1,080$725$480$270
33 years$2,167$1,496$1,008$667$434$239
34 years$2,080$1,418$942$613$393$212
35 years$1,999$1,345$881$565$356$187
36 years$1,922$1,276$824$520$323$166
37 years$1,849$1,212$771$479$292$147
38 years$1,781$1,152$722$442$265$130
39 years$1,716$1,095$677$407$240$115
40 years$1,654$1,042$634$376$218$102
41 years$1,596$992$595$347$198$91
42 years$1,541$945$558$320$179$80
43 years$1,488$900$524$295$163$71
44 years$1,438$858$491$273$148$63
45 years$1,390$818$461$252$134$56
46 years$1,344$781$433$233$122$50
47 years$1,301$745$407$215$111$44
48 years$1,259$711$383$199$100$39
49 years$1,219$679$360$183$91$35
50 years$1,181$649$338$170$83$31

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 $2,272 every year, while hoping to spend $29,163 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: 57/35/8 Blend
49$1,210,000$1,210,000$1,210,000$1,210,000
50$1,335,764$1,271,634$1,252,879$1,409,332
51$1,440,982$1,302,914$1,263,821$1,490,416
52$1,555,956$1,334,751$1,274,152$1,575,254
53$1,681,648$1,367,139$1,283,821$1,666,976
54$1,819,122$1,400,074$1,292,775$1,766,242
55$1,969,545$1,433,550$1,300,955$1,873,779
56$2,134,204$1,467,559$1,308,303$1,990,389
57$2,314,518$1,502,094$1,314,756$2,116,953
58$2,512,046$1,537,144$1,320,247$2,254,443
59$2,728,507$1,572,697$1,324,708$2,403,928
60$2,965,795$1,608,740$1,328,066$2,566,586
61$3,225,994$1,645,256$1,330,245$2,743,715
62$3,511,401$1,682,229$1,331,163$2,936,745
63$3,824,544$1,719,638$1,330,737$3,147,250
64$4,168,210$1,757,463$1,328,879$3,376,964
65$4,545,467$1,795,678$1,325,496$3,627,800
66$4,959,695$1,834,257$1,320,491$3,901,861
67$5,414,618$1,873,170$1,313,762$4,201,468
68$5,914,338$1,912,384$1,305,202$4,529,177
69$6,463,374$1,951,864$1,294,699$4,887,804
70$7,066,702$1,991,570$1,282,136$5,280,452
71$7,729,809$2,031,459$1,267,390$5,710,539
72$8,458,735$2,071,486$1,250,333$6,181,834
73$9,260,136$2,111,599$1,230,830$6,698,487
74$10,141,347$2,151,745$1,208,739$7,265,074
75$11,110,446$2,191,862$1,183,914$7,886,637
76$12,176,336$2,231,888$1,156,200$8,568,729
77$13,348,825$2,271,753$1,125,435$9,317,475
78$14,638,718$2,311,382$1,091,450$10,139,619
79$16,057,922$2,350,694$1,054,069$11,042,597
80$17,619,556$2,389,604$1,013,106$12,034,602
81$19,338,074$2,428,018$968,368$13,124,663
82$21,229,402$2,465,835$919,653$14,322,733
83$23,311,089$2,502,949$866,749$15,639,775
84$25,602,472$2,539,245$809,437$17,087,877
85$28,124,855$2,574,600$747,484$18,680,358
86$30,901,716$2,608,881$680,651$20,431,894
87$33,958,923$2,641,948$608,684$22,358,664
88$37,324,980$2,673,650$531,322$24,478,495
89$41,031,295$2,703,826$448,288$26,811,034
90$45,112,478$2,732,304$359,297$29,377,934
91$49,606,666$2,758,902$264,048$32,203,058
92$54,555,881$2,783,424$162,229$35,312,707
93$60,006,430$2,805,661$53,513$38,735,862
94$66,009,340$2,825,392$0$42,504,467
95$72,620,837$2,842,380$0$46,659,060
96$79,902,881$2,856,376$0$51,238,324
97$87,923,747$2,867,111$0$56,280,473
98$96,758,671$2,874,301$0$61,832,663
99$106,490,558$2,877,644$0$67,946,859
100$117,210,767$2,876,820$0$74,680,328