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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$100,746$99,849$98,974$98,119$97,285$96,753
2 years$49,874$48,946$48,045$47,173$46,326$45,789
3 years$32,919$31,987$31,089$30,224$29,391$28,866
4 years$24,443$23,513$22,625$21,775$20,962$20,453
5 years$19,359$18,435$17,558$16,725$15,935$15,443
6 years$15,971$15,053$14,189$13,375$12,609$12,135
7 years$13,552$12,642$11,791$10,996$10,254$9,799
8 years$11,738$10,836$10,000$9,225$8,507$8,070
9 years$10,328$9,435$8,613$7,857$7,164$6,745
10 years$9,201$8,317$7,509$6,773$6,104$5,703
11 years$8,279$7,404$6,611$5,895$5,250$4,866
12 years$7,512$6,645$5,867$5,170$4,549$4,183
13 years$6,863$6,005$5,242$4,565$3,967$3,618
14 years$6,307$5,459$4,710$4,052$3,478$3,145
15 years$5,826$4,987$4,252$3,614$3,062$2,745
16 years$5,405$4,575$3,855$3,236$2,706$2,405
17 years$5,034$4,213$3,508$2,907$2,399$2,114
18 years$4,705$3,893$3,202$2,620$2,133$1,863
19 years$4,411$3,608$2,932$2,367$1,902$1,645
20 years$4,146$3,353$2,691$2,144$1,699$1,456
21 years$3,907$3,123$2,475$1,946$1,520$1,291
22 years$3,690$2,915$2,281$1,769$1,362$1,146
23 years$3,493$2,727$2,106$1,611$1,223$1,019
24 years$3,312$2,555$1,948$1,470$1,099$907
25 years$3,145$2,398$1,804$1,342$989$808
26 years$2,992$2,253$1,673$1,227$891$720
27 years$2,850$2,121$1,554$1,123$803$643
28 years$2,719$1,998$1,444$1,029$725$574
29 years$2,597$1,885$1,344$944$655$513
30 years$2,483$1,780$1,252$866$591$459
31 years$2,377$1,683$1,167$795$535$411
32 years$2,278$1,592$1,089$731$484$367
33 years$2,185$1,508$1,017$672$438$329
34 years$2,097$1,429$950$619$396$295
35 years$2,015$1,356$888$569$359$264
36 years$1,938$1,287$831$524$325$237
37 years$1,864$1,222$778$483$295$212
38 years$1,795$1,161$728$445$267$190
39 years$1,730$1,104$682$411$242$171
40 years$1,668$1,051$640$379$220$153
41 years$1,609$1,000$600$349$199$137
42 years$1,553$953$563$323$181$123
43 years$1,500$908$528$298$164$111
44 years$1,450$865$495$275$149$99
45 years$1,401$825$465$254$135$89
46 years$1,355$787$437$234$123$80
47 years$1,312$751$411$217$112$72
48 years$1,270$717$386$200$101$64
49 years$1,230$685$363$185$92$58
50 years$1,191$654$341$171$84$52

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 $2,862 every year, while hoping to spend $44,037 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: 62/27/11 Blend
49$1,220,000$1,220,000$1,220,000$1,220,000
50$1,347,392$1,282,732$1,263,822$1,427,341
51$1,437,971$1,298,731$1,259,305$1,497,239
52$1,536,313$1,314,038$1,253,161$1,568,185
53$1,643,164$1,328,572$1,245,288$1,644,533
54$1,759,343$1,342,249$1,235,582$1,726,807
55$1,885,752$1,354,975$1,223,930$1,815,585
56$2,023,384$1,366,654$1,210,217$1,911,504
57$2,173,331$1,377,183$1,194,322$2,015,267
58$2,336,796$1,386,449$1,176,116$2,127,649
59$2,515,099$1,394,335$1,155,466$2,249,506
60$2,709,698$1,400,716$1,132,233$2,381,782
61$2,922,195$1,405,459$1,106,270$2,525,516
62$3,154,354$1,408,422$1,077,426$2,681,858
63$3,408,117$1,409,454$1,045,538$2,852,072
64$3,685,623$1,408,394$1,010,442$3,037,557
65$3,989,225$1,405,075$971,960$3,239,852
66$4,321,516$1,399,314$929,911$3,460,658
67$4,685,351$1,390,920$884,104$3,701,848
68$5,083,873$1,379,691$834,337$3,965,490
69$5,520,544$1,365,412$780,403$4,253,865
70$5,999,175$1,347,853$722,082$4,569,489
71$6,523,966$1,326,773$659,147$4,915,135
72$7,099,542$1,301,916$591,360$5,293,865
73$7,730,995$1,273,010$518,470$5,709,052
74$8,423,937$1,239,767$440,219$6,164,420
75$9,184,546$1,201,884$356,335$6,664,075
76$10,019,631$1,159,037$266,533$7,212,542
77$10,936,690$1,110,886$170,518$7,814,817
78$11,943,983$1,057,070$67,981$8,476,406
79$13,050,610$997,208$0$9,203,381
80$14,266,595$930,894$0$10,007,304
81$15,602,983$857,704$0$10,899,526
82$17,071,941$777,184$0$11,880,246
83$18,686,872$688,859$0$12,958,485
84$20,462,544$592,224$0$14,144,192
85$22,415,227$486,747$0$15,448,331
86$24,562,847$371,865$0$16,882,991
87$26,925,155$246,983$0$18,461,497
88$29,523,910$111,474$0$20,198,540
89$32,383,088$0$0$22,110,311
90$35,529,106$0$0$24,225,157
91$38,991,071$0$0$26,588,943
92$42,801,054$0$0$29,190,459
93$46,994,390$0$0$32,053,847
94$51,610,017$0$0$35,205,708
95$56,690,838$0$0$38,675,354
96$62,284,125$0$0$42,495,081
97$68,441,968$0$0$46,700,478
98$75,221,764$0$0$51,330,759
99$82,686,759$0$0$56,429,134
100$90,906,644$0$0$62,043,216