Can I retire at age 50 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$100,746$99,849$98,974$98,119$97,285$93,462
2 years$49,874$48,946$48,045$47,173$46,326$42,521
3 years$32,919$31,987$31,089$30,224$29,391$25,724
4 years$24,443$23,513$22,625$21,775$20,962$17,461
5 years$19,359$18,435$17,558$16,725$15,935$12,609
6 years$15,971$15,053$14,189$13,375$12,609$9,460
7 years$13,552$12,642$11,791$10,996$10,254$7,281
8 years$11,738$10,836$10,000$9,225$8,507$5,707
9 years$10,328$9,435$8,613$7,857$7,164$4,532
10 years$9,201$8,317$7,509$6,773$6,104$3,636
11 years$8,279$7,404$6,611$5,895$5,250$2,940
12 years$7,512$6,645$5,867$5,170$4,549$2,391
13 years$6,863$6,005$5,242$4,565$3,967$1,954
14 years$6,307$5,459$4,710$4,052$3,478$1,603
15 years$5,826$4,987$4,252$3,614$3,062$1,319
16 years$5,405$4,575$3,855$3,236$2,706$1,088
17 years$5,034$4,213$3,508$2,907$2,399$900
18 years$4,705$3,893$3,202$2,620$2,133$745
19 years$4,411$3,608$2,932$2,367$1,902$618
20 years$4,146$3,353$2,691$2,144$1,699$513
21 years$3,907$3,123$2,475$1,946$1,520$426
22 years$3,690$2,915$2,281$1,769$1,362$354
23 years$3,493$2,727$2,106$1,611$1,223$295
24 years$3,312$2,555$1,948$1,470$1,099$246
25 years$3,145$2,398$1,804$1,342$989$204
26 years$2,992$2,253$1,673$1,227$891$170
27 years$2,850$2,121$1,554$1,123$803$142
28 years$2,719$1,998$1,444$1,029$725$118
29 years$2,597$1,885$1,344$944$655$99
30 years$2,483$1,780$1,252$866$591$82
31 years$2,377$1,683$1,167$795$535$69
32 years$2,278$1,592$1,089$731$484$57
33 years$2,185$1,508$1,017$672$438$48
34 years$2,097$1,429$950$619$396$40
35 years$2,015$1,356$888$569$359$33
36 years$1,938$1,287$831$524$325$28
37 years$1,864$1,222$778$483$295$23
38 years$1,795$1,161$728$445$267$19
39 years$1,730$1,104$682$411$242$16
40 years$1,668$1,051$640$379$220$13
41 years$1,609$1,000$600$349$199$11
42 years$1,553$953$563$323$181$9
43 years$1,500$908$528$298$164$8
44 years$1,450$865$495$275$149$7
45 years$1,401$825$465$254$135$5
46 years$1,355$787$437$234$123$5
47 years$1,312$751$411$217$112$4
48 years$1,270$717$386$200$101$3
49 years$1,230$685$363$185$92$3
50 years$1,191$654$341$171$84$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,220,000, adding $4,256 every year, while hoping to spend $23,652 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: 37/42/21 Blend
49$1,220,000$1,220,000$1,220,000$1,220,000
50$1,348,830$1,284,170$1,265,260$1,390,070
51$1,461,245$1,321,929$1,282,481$1,458,211
52$1,584,334$1,360,745$1,299,486$1,529,244
53$1,719,160$1,400,646$1,316,242$1,605,487
54$1,866,895$1,441,658$1,332,717$1,687,425
55$2,028,829$1,483,810$1,348,874$1,775,586
56$2,206,383$1,527,130$1,364,674$1,870,556
57$2,401,121$1,571,646$1,380,078$1,972,976
58$2,614,768$1,617,390$1,395,044$2,083,552
59$2,849,222$1,664,390$1,409,525$2,203,063
60$3,106,575$1,712,677$1,423,476$2,332,364
61$3,389,129$1,762,282$1,436,846$2,472,398
62$3,699,423$1,813,236$1,449,584$2,624,202
63$4,040,252$1,865,573$1,461,633$2,788,918
64$4,414,696$1,919,323$1,472,935$2,967,803
65$4,826,146$1,974,522$1,483,430$3,162,243
66$5,278,341$2,031,201$1,493,052$3,373,761
67$5,775,397$2,089,395$1,501,735$3,604,036
68$6,321,851$2,149,139$1,509,406$3,854,919
69$6,922,700$2,210,467$1,515,992$4,128,447
70$7,583,450$2,273,415$1,521,412$4,426,861
71$8,310,168$2,338,018$1,525,586$4,752,635
72$9,109,537$2,404,313$1,528,425$5,108,491
73$9,988,921$2,472,335$1,529,838$5,497,427
74$10,956,434$2,542,123$1,529,731$5,922,747
75$12,021,016$2,613,712$1,528,002$6,388,090
76$13,192,516$2,687,141$1,524,547$6,897,468
77$14,481,788$2,762,446$1,519,255$7,455,298
78$15,900,790$2,839,666$1,512,010$8,066,447
79$17,462,699$2,918,838$1,502,691$8,736,279
80$19,182,034$3,000,001$1,491,170$9,470,702
81$21,074,792$3,083,192$1,477,315$10,276,228
82$23,158,602$3,168,449$1,460,986$11,160,030
83$25,452,887$3,255,810$1,442,037$12,130,014
84$27,979,050$3,345,314$1,420,314$13,194,891
85$30,760,676$3,436,997$1,395,657$14,364,258
86$33,823,752$3,530,897$1,367,899$15,648,691
87$37,196,915$3,627,052$1,336,864$17,059,846
88$40,911,720$3,725,496$1,302,368$18,610,565
89$45,002,937$3,826,268$1,264,219$20,314,999
90$49,508,883$3,929,401$1,222,217$22,188,744
91$54,471,778$4,034,930$1,176,150$24,248,984
92$59,938,147$4,142,889$1,125,798$26,514,658
93$65,959,258$4,253,312$1,070,933$29,006,633
94$72,591,607$4,366,228$1,011,314$31,747,906
95$79,897,447$4,481,670$946,689$34,763,822
96$87,945,380$4,599,665$876,797$38,082,306
97$96,811,002$4,720,241$801,362$41,734,135
98$106,577,616$4,843,425$720,099$45,753,225
99$117,337,018$4,969,238$632,709$50,176,951
100$129,190,367$5,097,704$538,878$55,046,500