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

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$107,353$106,397$105,464$104,553$103,664$99,946
2 years$53,145$52,155$51,196$50,266$49,364$45,658
3 years$35,078$34,084$33,127$32,206$31,318$27,742
4 years$26,046$25,055$24,108$23,202$22,337$18,916
5 years$20,629$19,644$18,709$17,822$16,980$13,725
6 years$17,018$16,041$15,120$14,252$13,436$10,348
7 years$14,440$13,471$12,564$11,718$10,927$8,006
8 years$12,508$11,547$10,656$9,830$9,065$6,308
9 years$11,005$10,054$9,178$8,373$7,634$5,038
10 years$9,804$8,862$8,001$7,217$6,504$4,065
11 years$8,822$7,889$7,044$6,281$5,594$3,306
12 years$8,004$7,081$6,252$5,509$4,848$2,705
13 years$7,313$6,399$5,585$4,864$4,227$2,224
14 years$6,720$5,817$5,018$4,318$3,706$1,836
15 years$6,208$5,314$4,531$3,851$3,263$1,521
16 years$5,759$4,875$4,108$3,448$2,884$1,263
17 years$5,364$4,490$3,738$3,098$2,557$1,051
18 years$5,014$4,149$3,412$2,792$2,273$876
19 years$4,700$3,845$3,124$2,523$2,026$732
20 years$4,418$3,573$2,867$2,285$1,810$612
21 years$4,164$3,328$2,637$2,074$1,620$512
22 years$3,932$3,107$2,430$1,885$1,452$429
23 years$3,722$2,906$2,244$1,717$1,303$359
24 years$3,529$2,722$2,075$1,566$1,171$301
25 years$3,352$2,555$1,922$1,430$1,054$253
26 years$3,188$2,401$1,783$1,308$949$212
27 years$3,037$2,260$1,655$1,197$856$178
28 years$2,897$2,129$1,539$1,097$772$149
29 years$2,767$2,009$1,432$1,006$697$126
30 years$2,646$1,897$1,334$923$630$105
31 years$2,533$1,793$1,244$848$570$89
32 years$2,427$1,697$1,160$779$515$74
33 years$2,328$1,607$1,083$716$466$63
34 years$2,235$1,523$1,012$659$422$53
35 years$2,147$1,445$946$607$382$44
36 years$2,065$1,371$885$559$347$37
37 years$1,987$1,302$829$515$314$31
38 years$1,913$1,238$776$475$285$26
39 years$1,843$1,177$727$438$258$22
40 years$1,777$1,120$681$404$234$19
41 years$1,715$1,066$639$372$212$16
42 years$1,655$1,015$599$344$193$13
43 years$1,598$967$562$317$175$11
44 years$1,545$922$528$293$159$9
45 years$1,493$879$496$271$144$8
46 years$1,444$839$466$250$131$7
47 years$1,398$800$437$231$119$6
48 years$1,353$764$411$213$108$5
49 years$1,310$730$386$197$98$4
50 years$1,269$697$363$182$89$3

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 $4,580 every year, while hoping to spend $27,601 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: 48/41/11 Blend
49$1,300,000$1,300,000$1,300,000$1,300,000
50$1,437,324$1,368,424$1,348,274$1,501,768
51$1,554,564$1,406,110$1,364,074$1,584,267
52$1,682,837$1,444,717$1,379,478$1,670,541
53$1,823,240$1,484,261$1,394,444$1,763,587
54$1,976,980$1,524,759$1,408,927$1,864,045
55$2,145,386$1,566,227$1,422,880$1,972,620
56$2,329,922$1,608,678$1,436,254$2,090,087
57$2,532,200$1,652,130$1,448,995$2,217,299
58$2,753,997$1,696,597$1,461,048$2,355,197
59$2,997,267$1,742,093$1,472,356$2,504,814
60$3,264,166$1,788,633$1,482,857$2,667,289
61$3,557,065$1,836,230$1,492,487$2,843,875
62$3,878,579$1,884,898$1,501,178$3,035,955
63$4,231,585$1,934,650$1,508,860$3,245,047
64$4,619,257$1,985,497$1,515,456$3,472,826
65$5,045,086$2,037,452$1,520,889$3,721,136
66$5,512,922$2,090,524$1,525,076$3,992,008
67$6,027,004$2,144,723$1,527,930$4,287,679
68$6,592,003$2,200,060$1,529,360$4,610,614
69$7,213,065$2,256,540$1,529,271$4,963,526
70$7,895,858$2,314,171$1,527,562$5,349,406
71$8,646,628$2,372,958$1,524,129$5,771,548
72$9,472,257$2,432,906$1,518,860$6,233,582
73$10,380,326$2,494,017$1,511,640$6,739,506
74$11,379,188$2,556,292$1,502,349$7,293,725
75$12,478,046$2,619,731$1,490,858$7,901,092
76$13,687,040$2,684,331$1,477,035$8,566,955
77$15,017,342$2,750,088$1,460,740$9,297,207
78$16,481,264$2,816,995$1,441,828$10,098,340
79$18,092,368$2,885,044$1,420,144$10,977,507
80$19,865,601$2,954,222$1,395,530$11,942,591
81$21,817,429$3,024,516$1,367,818$13,002,278
82$23,965,998$3,095,908$1,336,831$14,166,138
83$26,331,302$3,168,380$1,302,387$15,444,719
84$28,935,371$3,241,907$1,264,293$16,849,641
85$31,802,481$3,316,462$1,222,349$18,393,712
86$34,959,381$3,392,016$1,176,344$20,091,043
87$38,435,546$3,468,532$1,126,059$21,957,187
88$42,263,453$3,545,972$1,071,264$24,009,280
89$46,478,894$3,624,293$1,011,720$26,266,206
90$51,121,303$3,703,445$947,174$28,748,778
91$56,234,137$3,783,375$877,366$31,479,929
92$61,865,281$3,864,023$802,020$34,484,933
93$68,067,503$3,945,324$720,851$37,791,639
94$74,898,949$4,027,205$633,560$41,430,740
95$82,423,691$4,109,587$539,834$45,436,060
96$90,712,337$4,192,386$439,347$49,844,873
97$99,842,689$4,275,507$331,759$54,698,254
98$109,900,485$4,358,848$216,715$60,041,471
99$120,980,202$4,442,299$93,842$65,924,409
100$133,185,950$4,525,740$0$72,402,045