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%11.9%
1 years$105,701$104,760$103,841$102,944$102,069$101,256
2 years$52,327$51,353$50,408$49,493$48,604$47,785
3 years$34,538$33,560$32,618$31,710$30,837$30,036
4 years$25,646$24,670$23,737$22,846$21,993$21,217
5 years$20,311$19,341$18,421$17,548$16,719$15,970
6 years$16,756$15,794$14,887$14,033$13,229$12,509
7 years$14,218$13,264$12,371$11,537$10,759$10,067
8 years$12,315$11,369$10,492$9,678$8,925$8,262
9 years$10,836$9,899$9,036$8,244$7,516$6,882
10 years$9,653$8,726$7,878$7,106$6,404$5,798
11 years$8,686$7,768$6,936$6,185$5,508$4,929
12 years$7,881$6,972$6,155$5,425$4,773$4,221
13 years$7,200$6,301$5,499$4,789$4,162$3,637
14 years$6,617$5,727$4,941$4,251$3,649$3,149
15 years$6,112$5,232$4,461$3,791$3,212$2,738
16 years$5,671$4,800$4,045$3,395$2,839$2,389
17 years$5,282$4,421$3,681$3,050$2,517$2,091
18 years$4,936$4,085$3,360$2,749$2,238$1,835
19 years$4,628$3,786$3,076$2,484$1,995$1,614
20 years$4,350$3,518$2,823$2,250$1,782$1,422
21 years$4,100$3,277$2,596$2,042$1,595$1,255
22 years$3,872$3,059$2,393$1,856$1,429$1,109
23 years$3,664$2,861$2,210$1,691$1,283$981
24 years$3,475$2,680$2,043$1,542$1,153$870
25 years$3,300$2,515$1,893$1,408$1,038$771
26 years$3,139$2,364$1,755$1,288$935$685
27 years$2,991$2,225$1,630$1,179$843$608
28 years$2,853$2,097$1,515$1,080$761$540
29 years$2,725$1,978$1,410$990$687$481
30 years$2,606$1,868$1,313$909$621$428
31 years$2,494$1,766$1,225$835$561$381
32 years$2,390$1,671$1,142$767$507$339
33 years$2,292$1,582$1,067$705$459$302
34 years$2,201$1,500$997$649$416$269
35 years$2,114$1,422$932$597$377$240
36 years$2,033$1,350$872$550$341$214
37 years$1,956$1,282$816$507$309$191
38 years$1,884$1,219$764$467$280$170
39 years$1,815$1,159$716$431$254$152
40 years$1,750$1,102$671$397$231$136
41 years$1,688$1,049$629$367$209$121
42 years$1,630$999$590$338$190$108
43 years$1,574$952$554$312$172$97
44 years$1,521$908$520$288$156$86
45 years$1,470$866$488$266$142$77
46 years$1,422$826$458$246$129$69
47 years$1,376$788$431$227$117$61
48 years$1,332$752$405$210$106$55
49 years$1,290$718$380$194$97$49
50 years$1,250$686$358$179$88$44

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 $5,376 every year, while hoping to spend $26,623 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: 64/29/7 Blend
49$1,280,000$1,280,000$1,280,000$1,280,000
50$1,416,105$1,348,265$1,328,425$1,504,558
51$1,532,221$1,386,004$1,344,601$1,601,875
52$1,659,289$1,424,699$1,360,426$1,704,482
53$1,798,397$1,464,370$1,375,861$1,815,853
54$1,950,745$1,505,035$1,390,864$1,936,834
55$2,117,653$1,546,714$1,405,390$2,068,361
56$2,300,575$1,589,425$1,419,392$2,211,461
57$2,501,114$1,633,186$1,432,821$2,367,267
58$2,721,033$1,678,018$1,445,626$2,537,024
59$2,962,274$1,723,937$1,457,751$2,722,104
60$3,226,979$1,770,963$1,469,138$2,924,018
61$3,517,504$1,819,113$1,479,728$3,144,430
62$3,836,446$1,868,406$1,489,455$3,385,172
63$4,186,665$1,918,859$1,498,253$3,648,262
64$4,571,312$1,970,490$1,506,052$3,935,922
65$4,993,857$2,023,316$1,512,776$4,250,601
66$5,458,125$2,077,353$1,518,348$4,594,994
67$5,968,327$2,132,616$1,522,686$4,972,071
68$6,529,104$2,189,122$1,525,704$5,385,103
69$7,145,568$2,246,885$1,527,310$5,837,695
70$7,823,352$2,305,918$1,527,412$6,333,817
71$8,568,662$2,366,236$1,525,908$6,877,841
72$9,388,335$2,427,851$1,522,695$7,474,587
73$10,289,902$2,490,773$1,517,662$8,129,362
74$11,281,664$2,555,013$1,510,696$8,848,015
75$12,372,765$2,620,579$1,501,676$9,636,989
76$13,573,280$2,687,481$1,490,474$10,503,383
77$14,894,310$2,755,722$1,476,961$11,455,020
78$16,348,086$2,825,310$1,460,996$12,500,517
79$17,948,086$2,896,245$1,442,434$13,649,370
80$19,709,160$2,968,530$1,421,125$14,912,042
81$21,647,670$3,042,163$1,396,908$16,300,062
82$23,781,645$3,117,142$1,369,617$17,826,132
83$26,130,952$3,193,462$1,339,079$19,504,251
84$28,717,482$3,271,113$1,305,110$21,349,840
85$31,565,354$3,350,087$1,267,520$23,379,895
86$34,701,147$3,430,369$1,226,110$25,613,144
87$38,154,150$3,511,943$1,180,670$28,070,223
88$41,956,634$3,594,789$1,130,983$30,773,869
89$46,144,160$3,678,883$1,076,821$33,749,142
90$50,755,914$3,764,198$1,017,944$37,023,651
91$55,835,077$3,850,702$954,104$40,627,825
92$61,429,228$3,938,361$885,040$44,595,190
93$67,590,801$4,027,132$810,481$48,962,696
94$74,377,571$4,116,970$730,141$53,771,056
95$81,853,207$4,207,825$643,723$59,065,136
96$90,087,864$4,299,638$550,918$64,894,377
97$99,158,854$4,392,348$451,402$71,313,264
98$109,151,369$4,485,885$344,835$78,381,834
99$120,159,287$4,580,172$230,866$86,166,250
100$132,286,058$4,675,124$109,124$94,739,421