Can I retire at age 50 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$102,398$101,486$100,596$99,727$98,879$98,010
2 years$50,692$49,748$48,833$47,946$47,085$46,209
3 years$33,459$32,511$31,598$30,719$29,873$29,017
4 years$24,844$23,899$22,995$22,132$21,306$20,477
5 years$19,677$18,737$17,845$16,999$16,196$15,397
6 years$16,233$15,300$14,422$13,594$12,815$12,047
7 years$13,774$12,849$11,985$11,177$10,422$9,685
8 years$11,930$11,014$10,164$9,376$8,646$7,939
9 years$10,497$9,590$8,754$7,986$7,282$6,605
10 years$9,352$8,453$7,632$6,884$6,204$5,558
11 years$8,415$7,525$6,719$5,991$5,336$4,719
12 years$7,635$6,754$5,963$5,255$4,624$4,037
13 years$6,975$6,104$5,328$4,640$4,032$3,473
14 years$6,410$5,548$4,787$4,118$3,535$3,003
15 years$5,921$5,068$4,322$3,673$3,112$2,608
16 years$5,494$4,650$3,918$3,289$2,750$2,273
17 years$5,117$4,283$3,566$2,955$2,439$1,986
18 years$4,782$3,957$3,255$2,663$2,168$1,740
19 years$4,483$3,668$2,980$2,406$1,933$1,528
20 years$4,214$3,408$2,735$2,179$1,726$1,345
21 years$3,971$3,174$2,515$1,978$1,545$1,185
22 years$3,751$2,963$2,318$1,798$1,385$1,046
23 years$3,550$2,771$2,141$1,638$1,243$924
24 years$3,366$2,597$1,980$1,494$1,117$817
25 years$3,197$2,437$1,834$1,364$1,005$724
26 years$3,041$2,290$1,701$1,247$906$641
27 years$2,897$2,155$1,579$1,142$817$569
28 years$2,764$2,031$1,468$1,046$737$505
29 years$2,640$1,916$1,366$959$665$448
30 years$2,524$1,810$1,272$880$601$398
31 years$2,416$1,711$1,186$809$543$354
32 years$2,315$1,619$1,107$743$492$315
33 years$2,221$1,533$1,033$683$445$280
34 years$2,132$1,453$966$629$403$249
35 years$2,048$1,378$903$579$365$222
36 years$1,969$1,308$844$533$331$197
37 years$1,895$1,242$790$491$300$176
38 years$1,825$1,180$740$453$272$157
39 years$1,758$1,123$693$417$246$139
40 years$1,695$1,068$650$385$223$124
41 years$1,635$1,017$609$355$203$111
42 years$1,579$968$572$328$184$99
43 years$1,525$922$536$303$167$88
44 years$1,473$879$504$279$152$78
45 years$1,424$839$473$258$138$70
46 years$1,378$800$444$238$125$62
47 years$1,333$763$417$220$113$56
48 years$1,290$729$392$203$103$50
49 years$1,250$696$369$188$94$44
50 years$1,211$665$346$174$85$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,240,000, adding $3,345 every year, while hoping to spend $38,199 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: 50/26/24 Blend
49$1,240,000$1,240,000$1,240,000$1,240,000
50$1,369,930$1,304,210$1,284,990$1,429,023
51$1,469,020$1,327,473$1,287,394$1,493,728
52$1,576,936$1,350,596$1,288,598$1,559,886
53$1,694,539$1,373,531$1,288,522$1,631,017
54$1,822,776$1,396,227$1,287,081$1,707,606
55$1,962,687$1,418,631$1,284,186$1,790,190
56$2,115,420$1,440,683$1,279,746$1,879,363
57$2,282,237$1,462,320$1,273,661$1,975,779
58$2,464,528$1,483,476$1,265,831$2,080,159
59$2,663,821$1,504,077$1,256,147$2,193,301
60$2,881,801$1,524,047$1,244,499$2,316,083
61$3,120,322$1,543,304$1,230,767$2,449,476
62$3,381,427$1,561,758$1,214,830$2,594,550
63$3,667,364$1,579,315$1,196,558$2,752,487
64$3,980,609$1,595,875$1,175,817$2,924,590
65$4,323,889$1,611,331$1,152,464$3,112,298
66$4,700,207$1,625,568$1,126,353$3,317,198
67$5,112,871$1,638,463$1,097,329$3,541,040
68$5,565,524$1,649,888$1,065,229$3,785,756
69$6,062,178$1,659,703$1,029,885$4,053,479
70$6,607,254$1,667,762$991,120$4,346,559
71$7,205,619$1,673,908$948,748$4,667,590
72$7,862,637$1,677,974$902,576$5,019,434
73$8,584,216$1,679,784$852,402$5,405,249
74$9,376,862$1,679,150$798,014$5,828,515
75$10,247,746$1,675,872$739,191$6,293,075
76$11,204,764$1,669,739$675,702$6,803,166
77$12,256,619$1,660,525$607,307$7,363,459
78$13,412,895$1,647,992$533,753$7,979,111
79$14,684,154$1,631,887$454,777$8,655,805
80$16,082,030$1,611,942$370,105$9,399,812
81$17,619,343$1,587,872$279,449$10,218,046
82$19,310,215$1,559,377$182,510$11,118,133
83$21,170,208$1,526,137$78,974$12,108,482
84$23,216,465$1,487,815$0$13,198,368
85$25,467,879$1,444,052$0$14,406,088
86$27,945,262$1,394,469$0$15,756,955
87$30,671,547$1,338,666$0$17,243,251
88$33,672,002$1,276,219$0$18,878,781
89$36,974,471$1,206,679$0$20,678,764
90$40,609,632$1,129,570$0$22,659,973
91$44,611,287$1,044,392$0$24,840,898
92$49,016,685$950,614$0$27,241,914
93$53,866,867$847,674$0$29,885,484
94$59,207,058$734,981$0$32,796,363
95$65,087,091$611,907$0$36,001,838
96$71,561,875$477,792$0$39,531,982
97$78,691,918$331,935$0$43,419,944
98$86,543,894$173,600$0$47,702,258
99$95,191,271$2,007$0$52,419,193
100$104,715,007$0$0$57,615,131