Can I retire at age 50 with 1,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$107,353$106,397$105,464$104,553$103,664$101,240
2 years$53,145$52,155$51,196$50,266$49,364$46,936
3 years$35,078$34,084$33,127$32,206$31,318$28,962
4 years$26,046$25,055$24,108$23,202$22,337$20,070
5 years$20,629$19,644$18,709$17,822$16,980$14,809
6 years$17,018$16,041$15,120$14,252$13,436$11,363
7 years$14,440$13,471$12,564$11,718$10,927$8,952
8 years$12,508$11,547$10,656$9,830$9,065$7,188
9 years$11,005$10,054$9,178$8,373$7,634$5,854
10 years$9,804$8,862$8,001$7,217$6,504$4,819
11 years$8,822$7,889$7,044$6,281$5,594$4,000
12 years$8,004$7,081$6,252$5,509$4,848$3,343
13 years$7,313$6,399$5,585$4,864$4,227$2,809
14 years$6,720$5,817$5,018$4,318$3,706$2,371
15 years$6,208$5,314$4,531$3,851$3,263$2,009
16 years$5,759$4,875$4,108$3,448$2,884$1,707
17 years$5,364$4,490$3,738$3,098$2,557$1,454
18 years$5,014$4,149$3,412$2,792$2,273$1,241
19 years$4,700$3,845$3,124$2,523$2,026$1,062
20 years$4,418$3,573$2,867$2,285$1,810$909
21 years$4,164$3,328$2,637$2,074$1,620$780
22 years$3,932$3,107$2,430$1,885$1,452$670
23 years$3,722$2,906$2,244$1,717$1,303$575
24 years$3,529$2,722$2,075$1,566$1,171$495
25 years$3,352$2,555$1,922$1,430$1,054$426
26 years$3,188$2,401$1,783$1,308$949$367
27 years$3,037$2,260$1,655$1,197$856$316
28 years$2,897$2,129$1,539$1,097$772$272
29 years$2,767$2,009$1,432$1,006$697$235
30 years$2,646$1,897$1,334$923$630$203
31 years$2,533$1,793$1,244$848$570$175
32 years$2,427$1,697$1,160$779$515$151
33 years$2,328$1,607$1,083$716$466$130
34 years$2,235$1,523$1,012$659$422$112
35 years$2,147$1,445$946$607$382$97
36 years$2,065$1,371$885$559$347$84
37 years$1,987$1,302$829$515$314$72
38 years$1,913$1,238$776$475$285$63
39 years$1,843$1,177$727$438$258$54
40 years$1,777$1,120$681$404$234$47
41 years$1,715$1,066$639$372$212$40
42 years$1,655$1,015$599$344$193$35
43 years$1,598$967$562$317$175$30
44 years$1,545$922$528$293$159$26
45 years$1,493$879$496$271$144$22
46 years$1,444$839$466$250$131$19
47 years$1,398$800$437$231$119$17
48 years$1,353$764$411$213$108$15
49 years$1,310$730$386$197$98$13
50 years$1,269$697$363$182$89$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,300,000, adding $5,145 every year, while hoping to spend $52,634 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: 69/8/23 Blend
49$1,300,000$1,300,000$1,300,000$1,300,000
50$1,437,907$1,369,007$1,348,857$1,528,438
51$1,528,571$1,380,086$1,338,042$1,600,764
52$1,626,719$1,389,944$1,325,100$1,673,289
53$1,733,059$1,398,466$1,309,905$1,751,400
54$1,848,368$1,405,528$1,292,324$1,835,646
55$1,973,503$1,411,000$1,272,218$1,926,635
56$2,109,404$1,414,743$1,249,441$2,025,035
57$2,257,107$1,416,609$1,223,841$2,131,586
58$2,417,752$1,416,442$1,195,259$2,247,103
59$2,592,590$1,414,075$1,163,528$2,372,485
60$2,783,000$1,409,331$1,128,472$2,508,724
61$2,990,501$1,402,023$1,089,911$2,656,914
62$3,216,761$1,391,951$1,047,652$2,818,265
63$3,463,618$1,378,905$1,001,496$2,994,107
64$3,733,096$1,362,659$951,234$3,185,912
65$4,027,420$1,342,978$896,649$3,395,299
66$4,349,041$1,319,608$837,511$3,624,059
67$4,700,659$1,292,285$773,584$3,874,164
68$5,085,245$1,260,726$704,618$4,147,791
69$5,506,070$1,224,631$630,352$4,447,340
70$5,966,736$1,183,685$550,515$4,775,460
71$6,471,209$1,137,552$464,824$5,135,072
72$7,023,859$1,085,878$372,983$5,529,397
73$7,629,496$1,028,289$274,681$5,961,989
74$8,293,418$964,389$169,595$6,436,766
75$9,021,459$893,756$57,390$6,958,050
76$9,820,047$815,950$0$7,530,608
77$10,696,261$730,500$0$8,174,997
78$11,657,898$636,913$0$8,897,737
79$12,713,545$534,664$0$9,691,215
80$13,872,666$423,201$0$10,562,579
81$15,145,680$301,940$0$11,519,702
82$16,544,068$170,264$0$12,571,262
83$18,080,478$27,523$0$13,726,820
84$19,768,844$0$0$14,996,913
85$21,624,513$0$0$16,404,327
86$23,664,396$0$0$17,954,201
87$25,907,125$0$0$19,658,275
88$28,373,224$0$0$21,532,157
89$31,085,308$0$0$23,593,039
90$34,068,292$0$0$25,859,867
91$37,349,627$0$0$28,353,512
92$40,959,559$0$0$31,096,970
93$44,931,412$0$0$34,115,580
94$49,301,905$0$0$37,437,261
95$54,111,494$0$0$41,092,772
96$59,404,756$0$0$45,116,008
97$65,230,809$0$0$49,544,315
98$71,643,772$0$0$54,418,843
99$78,703,279$0$0$59,784,935
100$86,475,038$0$0$65,692,553