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%16.5%
1 years$105,701$104,760$103,841$102,944$102,069$99,360
2 years$52,327$51,353$50,408$49,493$48,604$45,894
3 years$34,538$33,560$32,618$31,710$30,837$28,209
4 years$25,646$24,670$23,737$22,846$21,993$19,469
5 years$20,311$19,341$18,421$17,548$16,719$14,306
6 years$16,756$15,794$14,887$14,033$13,229$10,929
7 years$14,218$13,264$12,371$11,537$10,759$8,572
8 years$12,315$11,369$10,492$9,678$8,925$6,850
9 years$10,836$9,899$9,036$8,244$7,516$5,552
10 years$9,653$8,726$7,878$7,106$6,404$4,547
11 years$8,686$7,768$6,936$6,185$5,508$3,756
12 years$7,881$6,972$6,155$5,425$4,773$3,122
13 years$7,200$6,301$5,499$4,789$4,162$2,610
14 years$6,617$5,727$4,941$4,251$3,649$2,191
15 years$6,112$5,232$4,461$3,791$3,212$1,846
16 years$5,671$4,800$4,045$3,395$2,839$1,559
17 years$5,282$4,421$3,681$3,050$2,517$1,321
18 years$4,936$4,085$3,360$2,749$2,238$1,121
19 years$4,628$3,786$3,076$2,484$1,995$953
20 years$4,350$3,518$2,823$2,250$1,782$811
21 years$4,100$3,277$2,596$2,042$1,595$692
22 years$3,872$3,059$2,393$1,856$1,429$590
23 years$3,664$2,861$2,210$1,691$1,283$504
24 years$3,475$2,680$2,043$1,542$1,153$431
25 years$3,300$2,515$1,893$1,408$1,038$368
26 years$3,139$2,364$1,755$1,288$935$315
27 years$2,991$2,225$1,630$1,179$843$270
28 years$2,853$2,097$1,515$1,080$761$231
29 years$2,725$1,978$1,410$990$687$198
30 years$2,606$1,868$1,313$909$621$170
31 years$2,494$1,766$1,225$835$561$145
32 years$2,390$1,671$1,142$767$507$125
33 years$2,292$1,582$1,067$705$459$107
34 years$2,201$1,500$997$649$416$92
35 years$2,114$1,422$932$597$377$79
36 years$2,033$1,350$872$550$341$67
37 years$1,956$1,282$816$507$309$58
38 years$1,884$1,219$764$467$280$50
39 years$1,815$1,159$716$431$254$43
40 years$1,750$1,102$671$397$231$37
41 years$1,688$1,049$629$367$209$31
42 years$1,630$999$590$338$190$27
43 years$1,574$952$554$312$172$23
44 years$1,521$908$520$288$156$20
45 years$1,470$866$488$266$142$17
46 years$1,422$826$458$246$129$15
47 years$1,376$788$431$227$117$13
48 years$1,332$752$405$210$106$11
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 $3,421 every year, while hoping to spend $43,779 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: 28/50/22 Blend
49$1,280,000$1,280,000$1,280,000$1,280,000
50$1,414,089$1,346,249$1,326,409$1,443,811
51$1,511,745$1,365,634$1,324,263$1,486,652
52$1,617,896$1,384,503$1,320,578$1,528,553
53$1,733,360$1,402,782$1,315,256$1,572,649
54$1,859,040$1,420,396$1,308,195$1,619,156
55$1,995,929$1,437,262$1,299,286$1,668,313
56$2,145,120$1,453,294$1,288,418$1,720,386
57$2,307,815$1,468,398$1,275,473$1,775,669
58$2,485,337$1,482,475$1,260,327$1,834,492
59$2,679,144$1,495,419$1,242,850$1,897,218
60$2,890,838$1,507,116$1,222,907$1,964,253
61$3,122,185$1,517,447$1,200,357$2,036,046
62$3,375,130$1,526,283$1,175,050$2,113,096
63$3,651,810$1,533,488$1,146,831$2,195,956
64$3,954,583$1,538,917$1,115,539$2,285,241
65$4,286,043$1,542,417$1,081,002$2,381,632
66$4,649,047$1,543,823$1,043,043$2,485,884
67$5,046,741$1,542,961$1,001,476$2,598,835
68$5,482,590$1,539,648$956,106$2,721,412
69$5,960,409$1,533,685$906,731$2,854,645
70$6,484,402$1,524,867$853,137$2,999,672
71$7,059,197$1,512,971$795,103$3,157,756
72$7,689,892$1,497,764$732,397$3,330,295
73$8,382,105$1,478,998$664,775$3,518,836
74$9,142,019$1,456,409$591,985$3,725,092
75$9,976,451$1,429,719$513,763$3,950,961
76$10,892,907$1,398,632$429,831$4,198,541
77$11,899,654$1,362,836$339,902$4,470,153
78$13,005,804$1,322,000$243,673$4,768,367
79$14,221,391$1,275,773$140,831$5,096,024
80$15,557,471$1,223,784$31,047$5,456,267
81$17,026,224$1,165,641$0$5,852,569
82$18,641,070$1,100,929$0$6,308,988
83$20,416,793$1,029,208$0$6,818,646
84$22,369,680$950,014$0$7,379,031
85$24,517,680$862,856$0$7,995,422
86$26,880,563$767,216$0$8,673,647
87$29,480,116$662,545$0$9,420,140
88$32,340,342$548,264$0$10,242,003
89$35,487,688$423,761$0$11,147,074
90$38,951,296$288,388$0$12,144,006
91$42,763,273$141,465$0$13,242,347
92$46,958,999$0$0$14,452,635
93$51,577,456$0$0$15,796,254
94$56,661,598$0$0$17,361,284
95$62,258,754$0$0$19,084,493
96$68,421,077$0$0$20,981,968
97$75,206,032$0$0$23,071,438
98$82,676,942$0$0$25,372,437
99$90,903,582$0$0$27,906,490
100$99,962,837$0$0$30,697,318