Can I retire at age 50 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$105,701$104,760$103,841$102,944$102,069$100,419
2 years$52,327$51,353$50,408$49,493$48,604$46,947
3 years$34,538$33,560$32,618$31,710$30,837$29,223
4 years$25,646$24,670$23,737$22,846$21,993$20,435
5 years$20,311$19,341$18,421$17,548$16,719$15,222
6 years$16,756$15,794$14,887$14,033$13,229$11,795
7 years$14,218$13,264$12,371$11,537$10,759$9,387
8 years$12,315$11,369$10,492$9,678$8,925$7,617
9 years$10,836$9,899$9,036$8,244$7,516$6,270
10 years$9,653$8,726$7,878$7,106$6,404$5,218
11 years$8,686$7,768$6,936$6,185$5,508$4,382
12 years$7,881$6,972$6,155$5,425$4,773$3,705
13 years$7,200$6,301$5,499$4,789$4,162$3,151
14 years$6,617$5,727$4,941$4,251$3,649$2,692
15 years$6,112$5,232$4,461$3,791$3,212$2,309
16 years$5,671$4,800$4,045$3,395$2,839$1,987
17 years$5,282$4,421$3,681$3,050$2,517$1,715
18 years$4,936$4,085$3,360$2,749$2,238$1,483
19 years$4,628$3,786$3,076$2,484$1,995$1,286
20 years$4,350$3,518$2,823$2,250$1,782$1,116
21 years$4,100$3,277$2,596$2,042$1,595$971
22 years$3,872$3,059$2,393$1,856$1,429$845
23 years$3,664$2,861$2,210$1,691$1,283$736
24 years$3,475$2,680$2,043$1,542$1,153$642
25 years$3,300$2,515$1,893$1,408$1,038$561
26 years$3,139$2,364$1,755$1,288$935$490
27 years$2,991$2,225$1,630$1,179$843$428
28 years$2,853$2,097$1,515$1,080$761$375
29 years$2,725$1,978$1,410$990$687$328
30 years$2,606$1,868$1,313$909$621$287
31 years$2,494$1,766$1,225$835$561$251
32 years$2,390$1,671$1,142$767$507$220
33 years$2,292$1,582$1,067$705$459$193
34 years$2,201$1,500$997$649$416$169
35 years$2,114$1,422$932$597$377$148
36 years$2,033$1,350$872$550$341$130
37 years$1,956$1,282$816$507$309$114
38 years$1,884$1,219$764$467$280$100
39 years$1,815$1,159$716$431$254$88
40 years$1,750$1,102$671$397$231$77
41 years$1,688$1,049$629$367$209$68
42 years$1,630$999$590$338$190$59
43 years$1,574$952$554$312$172$52
44 years$1,521$908$520$288$156$46
45 years$1,470$866$488$266$142$40
46 years$1,422$826$458$246$129$35
47 years$1,376$788$431$227$117$31
48 years$1,332$752$405$210$106$27
49 years$1,290$718$380$194$97$24
50 years$1,250$686$358$179$88$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,280,000, adding $5,222 every year, while hoping to spend $30,999 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: 41/40/19 Blend
49$1,280,000$1,280,000$1,280,000$1,280,000
50$1,415,946$1,348,106$1,328,266$1,465,878
51$1,527,390$1,381,181$1,339,781$1,534,971
52$1,649,163$1,414,837$1,350,642$1,606,315
53$1,782,284$1,449,071$1,360,795$1,682,893
54$1,927,878$1,483,877$1,370,183$1,765,198
55$2,087,182$1,519,248$1,378,745$1,853,775
56$2,261,560$1,555,175$1,386,418$1,949,224
57$2,452,510$1,591,651$1,393,134$2,052,206
58$2,661,687$1,628,662$1,398,824$2,163,448
59$2,890,908$1,666,195$1,403,414$2,283,752
60$3,142,178$1,704,237$1,406,826$2,414,004
61$3,417,705$1,742,768$1,408,979$2,555,176
62$3,719,918$1,781,772$1,409,787$2,708,342
63$4,051,496$1,821,225$1,409,161$2,874,686
64$4,415,387$1,861,103$1,407,007$3,055,512
65$4,814,841$1,901,381$1,403,226$3,252,257
66$5,253,434$1,942,029$1,397,714$3,466,504
67$5,735,110$1,983,014$1,390,363$3,700,001
68$6,264,211$2,024,301$1,381,059$3,954,672
69$6,845,519$2,065,850$1,369,683$4,232,638
70$7,484,305$2,107,620$1,356,111$4,536,239
71$8,186,375$2,149,564$1,340,211$4,868,053
72$8,958,123$2,191,631$1,321,847$5,230,920
73$9,806,597$2,233,767$1,300,874$5,627,975
74$10,739,561$2,275,911$1,277,144$6,062,670
75$11,765,566$2,318,001$1,250,498$6,538,811
76$12,894,036$2,359,966$1,220,772$7,060,597
77$14,135,355$2,401,731$1,187,795$7,632,651
78$15,500,961$2,443,216$1,151,386$8,260,075
79$17,003,459$2,484,333$1,111,357$8,948,488
80$18,656,735$2,524,989$1,067,511$9,704,089
81$20,476,092$2,565,083$1,019,643$10,533,708
82$22,478,389$2,604,508$967,536$11,444,875
83$24,682,202$2,643,147$910,967$12,445,891
84$27,108,002$2,680,876$849,699$13,545,906
85$29,778,342$2,717,563$783,488$14,755,007
86$32,718,075$2,753,065$712,077$16,084,314
87$35,954,584$2,787,231$635,197$17,546,081
88$39,518,044$2,819,898$552,568$19,153,820
89$43,441,704$2,850,892$463,899$20,922,423
90$47,762,200$2,880,028$368,882$22,868,307
91$52,519,905$2,907,110$267,200$25,009,566
92$57,759,304$2,931,927$158,520$27,366,147
93$63,529,416$2,954,254$42,493$29,960,035
94$69,884,257$2,973,853$0$32,815,464
95$76,883,349$2,990,470$0$35,975,636
96$84,592,282$3,003,835$0$39,463,771
97$93,083,332$3,013,659$0$43,303,780
98$102,436,141$3,019,638$0$47,531,519
99$112,738,474$3,021,447$0$52,186,504
100$124,087,041$3,018,741$0$57,312,286