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%16.6%
1 years$105,701$104,760$103,841$102,944$102,069$99,320
2 years$52,327$51,353$50,408$49,493$48,604$45,854
3 years$34,538$33,560$32,618$31,710$30,837$28,171
4 years$25,646$24,670$23,737$22,846$21,993$19,433
5 years$20,311$19,341$18,421$17,548$16,719$14,272
6 years$16,756$15,794$14,887$14,033$13,229$10,897
7 years$14,218$13,264$12,371$11,537$10,759$8,542
8 years$12,315$11,369$10,492$9,678$8,925$6,823
9 years$10,836$9,899$9,036$8,244$7,516$5,526
10 years$9,653$8,726$7,878$7,106$6,404$4,523
11 years$8,686$7,768$6,936$6,185$5,508$3,733
12 years$7,881$6,972$6,155$5,425$4,773$3,102
13 years$7,200$6,301$5,499$4,789$4,162$2,591
14 years$6,617$5,727$4,941$4,251$3,649$2,173
15 years$6,112$5,232$4,461$3,791$3,212$1,830
16 years$5,671$4,800$4,045$3,395$2,839$1,545
17 years$5,282$4,421$3,681$3,050$2,517$1,307
18 years$4,936$4,085$3,360$2,749$2,238$1,109
19 years$4,628$3,786$3,076$2,484$1,995$942
20 years$4,350$3,518$2,823$2,250$1,782$801
21 years$4,100$3,277$2,596$2,042$1,595$682
22 years$3,872$3,059$2,393$1,856$1,429$582
23 years$3,664$2,861$2,210$1,691$1,283$497
24 years$3,475$2,680$2,043$1,542$1,153$424
25 years$3,300$2,515$1,893$1,408$1,038$362
26 years$3,139$2,364$1,755$1,288$935$310
27 years$2,991$2,225$1,630$1,179$843$265
28 years$2,853$2,097$1,515$1,080$761$227
29 years$2,725$1,978$1,410$990$687$194
30 years$2,606$1,868$1,313$909$621$166
31 years$2,494$1,766$1,225$835$561$142
32 years$2,390$1,671$1,142$767$507$122
33 years$2,292$1,582$1,067$705$459$104
34 years$2,201$1,500$997$649$416$89
35 years$2,114$1,422$932$597$377$77
36 years$2,033$1,350$872$550$341$66
37 years$1,956$1,282$816$507$309$56
38 years$1,884$1,219$764$467$280$48
39 years$1,815$1,159$716$431$254$41
40 years$1,750$1,102$671$397$231$35
41 years$1,688$1,049$629$367$209$30
42 years$1,630$999$590$338$190$26
43 years$1,574$952$554$312$172$22
44 years$1,521$908$520$288$156$19
45 years$1,470$866$488$266$142$16
46 years$1,422$826$458$246$129$14
47 years$1,376$788$431$227$117$12
48 years$1,332$752$405$210$106$10
49 years$1,290$718$380$194$97$9
50 years$1,250$686$358$179$88$8

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 $5,623 every year, while hoping to spend $43,593 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: 66/29/5 Blend
49$1,280,000$1,280,000$1,280,000$1,280,000
50$1,416,360$1,348,520$1,328,680$1,508,557
51$1,514,446$1,368,215$1,326,808$1,590,134
52$1,621,076$1,387,414$1,323,413$1,673,474
53$1,737,075$1,406,046$1,318,396$1,763,377
54$1,863,351$1,424,037$1,311,657$1,860,475
55$2,000,905$1,441,306$1,303,089$1,965,464
56$2,150,834$1,457,768$1,292,580$2,079,113
57$2,314,350$1,473,329$1,280,012$2,202,268
58$2,492,785$1,487,894$1,265,264$2,335,862
59$2,687,605$1,501,356$1,248,206$2,480,923
60$2,900,424$1,513,606$1,228,704$2,638,586
61$3,133,019$1,524,525$1,206,618$2,810,098
62$3,387,347$1,533,986$1,181,799$2,996,837
63$3,665,560$1,541,856$1,154,094$3,200,320
64$3,970,032$1,547,991$1,123,340$3,422,223
65$4,303,374$1,552,241$1,089,370$3,664,388
66$4,668,460$1,554,443$1,052,007$3,928,850
67$5,068,460$1,554,427$1,011,065$4,217,850
68$5,506,859$1,552,011$966,352$4,533,860
69$5,987,499$1,547,000$917,666$4,879,606
70$6,514,612$1,539,191$864,796$5,258,090
71$7,092,856$1,528,365$807,520$5,672,625
72$7,727,364$1,514,292$745,609$6,126,861
73$8,423,790$1,496,727$678,822$6,624,824
74$9,188,361$1,475,411$606,906$7,170,951
75$10,027,936$1,450,068$529,600$7,770,135
76$10,950,073$1,420,408$446,629$8,427,769
77$11,963,095$1,386,123$357,705$9,149,799
78$13,076,172$1,346,885$262,530$9,942,780
79$14,299,408$1,302,349$160,792$10,813,939
80$15,643,933$1,252,149$52,163$11,771,244
81$17,122,007$1,195,897$0$12,823,476
82$18,747,141$1,133,185$0$13,983,721
83$20,534,216$1,063,578$0$15,262,443
84$22,499,632$986,619$0$16,668,642
85$24,661,454$901,823$0$18,215,311
86$27,039,589$808,679$0$19,916,772
87$29,655,967$706,644$0$21,788,812
88$32,534,753$595,147$0$23,848,833
89$35,702,572$473,584$0$26,116,016
90$39,188,762$341,316$0$28,611,504
91$43,025,645$197,670$0$31,358,602
92$47,248,838$41,934$0$34,382,998
93$51,897,587$0$0$37,713,007
94$57,015,133$0$0$41,420,253
95$62,649,124$0$0$45,516,455
96$68,852,064$0$0$50,026,418
97$75,681,804$0$0$54,992,216
98$83,202,094$0$0$60,460,214
99$91,483,176$0$0$66,481,499
100$100,602,454$0$0$73,112,367