Can I retire at age 50 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$104,050$103,123$102,219$101,336$100,474$96,488
2 years$51,510$50,550$49,621$48,719$47,845$43,878
3 years$33,999$33,035$32,108$31,215$30,355$26,532
4 years$25,245$24,284$23,366$22,489$21,649$18,000
5 years$19,994$19,039$18,133$17,273$16,457$12,992
6 years$16,495$15,547$14,654$13,814$13,022$9,741
7 years$13,996$13,056$12,178$11,357$10,591$7,494
8 years$12,123$11,192$10,328$9,527$8,786$5,870
9 years$10,667$9,744$8,895$8,115$7,399$4,659
10 years$9,502$8,589$7,755$6,995$6,304$3,735
11 years$8,551$7,646$6,827$6,088$5,422$3,018
12 years$7,758$6,863$6,059$5,340$4,699$2,453
13 years$7,088$6,202$5,414$4,714$4,097$2,003
14 years$6,514$5,638$4,864$4,185$3,592$1,642
15 years$6,017$5,150$4,392$3,732$3,162$1,351
16 years$5,582$4,725$3,982$3,342$2,795$1,114
17 years$5,199$4,352$3,623$3,003$2,478$920
18 years$4,859$4,021$3,307$2,706$2,203$761
19 years$4,555$3,727$3,028$2,445$1,964$631
20 years$4,282$3,463$2,779$2,214$1,754$523
21 years$4,036$3,226$2,556$2,010$1,570$434
22 years$3,811$3,011$2,356$1,827$1,407$361
23 years$3,607$2,816$2,175$1,664$1,263$300
24 years$3,420$2,639$2,012$1,518$1,135$250
25 years$3,248$2,476$1,863$1,386$1,022$208
26 years$3,090$2,327$1,728$1,267$920$173
27 years$2,944$2,190$1,605$1,160$830$144
28 years$2,808$2,064$1,492$1,063$749$120
29 years$2,682$1,947$1,388$975$676$100
30 years$2,565$1,839$1,293$895$611$83
31 years$2,455$1,738$1,205$822$552$69
32 years$2,353$1,645$1,125$755$500$58
33 years$2,256$1,558$1,050$694$452$48
34 years$2,166$1,476$981$639$409$40
35 years$2,081$1,400$917$588$371$34
36 years$2,001$1,329$858$542$336$28
37 years$1,926$1,262$803$499$304$23
38 years$1,854$1,200$752$460$276$19
39 years$1,787$1,141$705$424$250$16
40 years$1,723$1,085$660$391$227$14
41 years$1,662$1,033$619$361$206$11
42 years$1,604$984$581$333$187$9
43 years$1,549$937$545$307$170$8
44 years$1,497$894$512$284$154$7
45 years$1,447$852$480$262$140$5
46 years$1,400$813$451$242$127$5
47 years$1,355$776$424$224$115$4
48 years$1,311$740$398$207$105$3
49 years$1,270$707$374$191$95$3
50 years$1,230$675$352$177$86$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,260,000, adding $6,805 every year, while hoping to spend $41,684 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: 43/34/23 Blend
49$1,260,000$1,260,000$1,260,000$1,260,000
50$1,395,539$1,328,759$1,309,229$1,445,937
51$1,493,533$1,349,517$1,308,737$1,503,164
52$1,600,125$1,369,895$1,306,831$1,560,583
53$1,716,148$1,389,830$1,303,421$1,621,960
54$1,842,519$1,409,256$1,298,409$1,687,680
55$1,980,246$1,428,100$1,291,696$1,758,174
56$2,130,441$1,446,286$1,283,177$1,833,914
57$2,294,323$1,463,732$1,272,741$1,915,424
58$2,473,239$1,480,349$1,260,273$2,003,283
59$2,668,668$1,496,045$1,245,651$2,098,130
60$2,882,241$1,510,720$1,228,749$2,200,672
61$3,115,751$1,524,267$1,209,434$2,311,689
62$3,371,174$1,536,573$1,187,566$2,432,045
63$3,650,686$1,547,516$1,163,001$2,562,692
64$3,956,680$1,556,969$1,135,586$2,704,684
65$4,291,795$1,564,794$1,105,162$2,859,183
66$4,658,935$1,570,846$1,071,562$3,027,475
67$5,061,299$1,574,970$1,034,611$3,210,978
68$5,502,409$1,577,001$994,129$3,411,261
69$5,986,145$1,576,764$949,923$3,630,053
70$6,516,781$1,574,075$901,794$3,869,267
71$7,099,024$1,568,735$849,535$4,131,014
72$7,738,057$1,560,536$792,927$4,417,623
73$8,439,592$1,549,256$731,743$4,731,668
74$9,209,920$1,534,659$665,746$5,075,990
75$10,055,970$1,516,495$594,687$5,453,725
76$10,985,376$1,494,501$518,306$5,868,333
77$12,006,548$1,468,395$436,333$6,323,636
78$13,128,750$1,437,881$348,485$6,823,851
79$14,362,190$1,402,644$254,466$7,373,633
80$15,718,111$1,362,351$153,968$7,978,117
81$17,208,902$1,316,650$46,670$8,642,972
82$18,848,211$1,265,167$0$9,374,453
83$20,651,075$1,207,507$0$10,196,109
84$22,634,063$1,143,253$0$11,112,212
85$24,815,428$1,071,962$0$12,119,788
86$27,215,281$993,168$0$13,228,200
87$29,855,783$906,377$0$14,447,773
88$32,761,350$811,066$0$15,789,888
89$35,958,882$706,684$0$17,267,095
90$39,478,024$592,646$0$18,893,234
91$43,351,434$468,338$0$20,683,559
92$47,615,103$333,109$0$22,654,891
93$52,308,682$186,270$0$24,825,775
94$57,475,868$27,097$0$27,216,656
95$63,164,805$0$0$29,850,074
96$69,428,544$0$0$32,805,194
97$76,325,545$0$0$36,070,439
98$83,920,221$0$0$39,666,191
99$92,283,553$0$0$43,626,082
100$101,493,754$0$0$47,987,170