Can I retire at age 50 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$106,527$105,578$104,652$103,749$102,866$99,335
2 years$52,736$51,754$50,802$49,879$48,984$45,462
3 years$34,808$33,822$32,872$31,958$31,077$27,676
4 years$25,846$24,863$23,923$23,024$22,165$18,909
5 years$20,470$19,493$18,565$17,685$16,849$13,749
6 years$16,887$15,917$15,003$14,143$13,332$10,389
7 years$14,329$13,367$12,468$11,627$10,843$8,056
8 years$12,411$11,458$10,574$9,754$8,995$6,363
9 years$10,921$9,976$9,107$8,308$7,575$5,094
10 years$9,729$8,794$7,940$7,162$6,454$4,121
11 years$8,754$7,829$6,990$6,233$5,551$3,360
12 years$7,943$7,026$6,203$5,467$4,810$2,756
13 years$7,256$6,350$5,542$4,827$4,195$2,273
14 years$6,669$5,772$4,980$4,284$3,677$1,882
15 years$6,160$5,273$4,496$3,821$3,238$1,563
16 years$5,715$4,838$4,076$3,421$2,861$1,302
17 years$5,323$4,455$3,709$3,074$2,537$1,086
18 years$4,975$4,117$3,386$2,770$2,256$908
19 years$4,664$3,815$3,100$2,503$2,011$761
20 years$4,384$3,545$2,845$2,267$1,796$638
21 years$4,132$3,302$2,617$2,058$1,607$535
22 years$3,902$3,083$2,412$1,871$1,441$450
23 years$3,693$2,883$2,227$1,704$1,293$378
24 years$3,502$2,701$2,059$1,554$1,162$318
25 years$3,326$2,535$1,907$1,419$1,046$268
26 years$3,164$2,383$1,769$1,298$942$225
27 years$3,014$2,242$1,643$1,188$849$190
28 years$2,875$2,113$1,527$1,088$766$160
29 years$2,746$1,993$1,421$998$692$135
30 years$2,626$1,882$1,324$916$625$114
31 years$2,514$1,780$1,234$841$565$96
32 years$2,409$1,684$1,151$773$511$81
33 years$2,310$1,595$1,075$711$463$68
34 years$2,218$1,511$1,004$654$419$57
35 years$2,131$1,433$939$602$380$48
36 years$2,049$1,361$879$555$344$41
37 years$1,971$1,292$822$511$312$34
38 years$1,898$1,228$770$471$283$29
39 years$1,829$1,168$721$434$256$25
40 years$1,764$1,111$676$400$232$21
41 years$1,701$1,058$634$370$211$17
42 years$1,642$1,007$595$341$191$15
43 years$1,586$960$558$315$174$12
44 years$1,533$915$524$291$158$10
45 years$1,482$872$492$268$143$9
46 years$1,433$832$462$248$130$7
47 years$1,387$794$434$229$118$6
48 years$1,342$758$408$212$107$5
49 years$1,300$724$383$196$97$4
50 years$1,259$692$360$181$88$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,290,000, adding $5,397 every year, while hoping to spend $53,927 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: 75/10/15 Blend
49$1,290,000$1,290,000$1,290,000$1,290,000
50$1,427,147$1,358,777$1,338,782$1,529,136
51$1,515,338$1,367,979$1,326,253$1,606,489
52$1,610,717$1,375,825$1,311,497$1,684,012
53$1,713,961$1,382,191$1,294,383$1,767,518
54$1,825,812$1,386,945$1,274,772$1,857,588
55$1,947,089$1,389,949$1,252,521$1,954,860
56$2,078,689$1,391,054$1,227,478$2,060,039
57$2,221,602$1,390,103$1,199,485$2,173,899
58$2,376,916$1,386,928$1,168,378$2,297,298
59$2,545,825$1,381,351$1,133,983$2,431,179
60$2,729,647$1,373,186$1,096,119$2,576,582
61$2,929,830$1,362,230$1,054,597$2,734,653
62$3,147,966$1,348,273$1,009,220$2,906,657
63$3,385,811$1,331,090$959,781$3,093,989
64$3,645,293$1,310,443$906,063$3,298,184
65$3,928,537$1,286,079$847,840$3,520,937
66$4,237,882$1,257,731$784,877$3,764,117
67$4,575,902$1,225,117$716,927$4,029,785
68$4,945,432$1,187,935$643,732$4,320,210
69$5,349,591$1,145,869$565,022$4,637,898
70$5,791,816$1,098,583$480,517$4,985,609
71$6,275,890$1,045,723$389,923$5,366,388
72$6,805,979$986,911$292,933$5,783,592
73$7,386,670$921,751$189,228$6,240,920
74$8,023,016$849,822$78,472$6,742,454
75$8,720,580$770,680$0$7,292,691
76$9,485,491$683,856$0$7,902,948
77$10,324,499$588,852$0$8,586,153
78$11,245,038$485,145$0$9,335,822
79$12,255,296$372,181$0$10,158,663
80$13,364,292$249,375$0$11,062,071
81$14,581,964$116,108$0$12,054,193
82$15,919,255$0$0$13,144,004
83$17,388,223$0$0$14,344,509
84$19,002,150$0$0$15,677,574
85$20,775,667$0$0$17,142,513
86$22,724,895$0$0$18,752,650
87$24,867,593$0$0$20,522,661
88$27,223,326$0$0$22,468,717
89$29,813,649$0$0$24,608,631
90$32,662,313$0$0$26,962,032
91$35,795,481$0$0$29,550,545
92$39,241,984$0$0$32,397,995
93$43,033,583$0$0$35,530,634
94$47,205,277$0$0$38,977,385
95$51,795,625$0$0$42,770,118
96$56,847,114$0$0$46,943,946
97$62,406,557$0$0$51,537,560
98$68,525,536$0$0$56,593,590
99$75,260,887$0$0$62,159,010
100$82,675,235$0$0$68,285,579