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%
1 years$107,353$106,397$105,464$104,553$103,664$100,305
2 years$53,145$52,155$51,196$50,266$49,364$46,012
3 years$35,078$34,084$33,127$32,206$31,318$28,078
4 years$26,046$25,055$24,108$23,202$22,337$19,232
5 years$20,629$19,644$18,709$17,822$16,980$14,020
6 years$17,018$16,041$15,120$14,252$13,436$10,623
7 years$14,440$13,471$12,564$11,718$10,927$8,261
8 years$12,508$11,547$10,656$9,830$9,065$6,544
9 years$11,005$10,054$9,178$8,373$7,634$5,255
10 years$9,804$8,862$8,001$7,217$6,504$4,264
11 years$8,822$7,889$7,044$6,281$5,594$3,488
12 years$8,004$7,081$6,252$5,509$4,848$2,872
13 years$7,313$6,399$5,585$4,864$4,227$2,376
14 years$6,720$5,817$5,018$4,318$3,706$1,974
15 years$6,208$5,314$4,531$3,851$3,263$1,645
16 years$5,759$4,875$4,108$3,448$2,884$1,375
17 years$5,364$4,490$3,738$3,098$2,557$1,152
18 years$5,014$4,149$3,412$2,792$2,273$967
19 years$4,700$3,845$3,124$2,523$2,026$813
20 years$4,418$3,573$2,867$2,285$1,810$684
21 years$4,164$3,328$2,637$2,074$1,620$576
22 years$3,932$3,107$2,430$1,885$1,452$486
23 years$3,722$2,906$2,244$1,717$1,303$410
24 years$3,529$2,722$2,075$1,566$1,171$346
25 years$3,352$2,555$1,922$1,430$1,054$293
26 years$3,188$2,401$1,783$1,308$949$248
27 years$3,037$2,260$1,655$1,197$856$209
28 years$2,897$2,129$1,539$1,097$772$177
29 years$2,767$2,009$1,432$1,006$697$150
30 years$2,646$1,897$1,334$923$630$127
31 years$2,533$1,793$1,244$848$570$107
32 years$2,427$1,697$1,160$779$515$91
33 years$2,328$1,607$1,083$716$466$77
34 years$2,235$1,523$1,012$659$422$65
35 years$2,147$1,445$946$607$382$55
36 years$2,065$1,371$885$559$347$47
37 years$1,987$1,302$829$515$314$40
38 years$1,913$1,238$776$475$285$34
39 years$1,843$1,177$727$438$258$28
40 years$1,777$1,120$681$404$234$24
41 years$1,715$1,066$639$372$212$20
42 years$1,655$1,015$599$344$193$17
43 years$1,598$967$562$317$175$15
44 years$1,545$922$528$293$159$12
45 years$1,493$879$496$271$144$11
46 years$1,444$839$466$250$131$9
47 years$1,398$800$437$231$119$8
48 years$1,353$764$411$213$108$6
49 years$1,310$730$386$197$98$5
50 years$1,269$697$363$182$89$5

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 $3,031 every year, while hoping to spend $32,890 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: 37/35/28 Blend
49$1,300,000$1,300,000$1,300,000$1,300,000
50$1,435,726$1,366,826$1,346,676$1,476,734
51$1,547,176$1,398,806$1,356,795$1,539,296
52$1,668,891$1,431,251$1,366,151$1,603,614
53$1,801,884$1,464,148$1,374,683$1,672,461
54$1,947,269$1,497,484$1,382,328$1,746,267
55$2,106,273$1,531,244$1,389,019$1,825,509
56$2,280,248$1,565,410$1,394,687$1,910,710
57$2,470,682$1,599,964$1,399,257$2,002,448
58$2,679,212$1,634,882$1,402,652$2,101,363
59$2,907,642$1,670,142$1,404,791$2,208,156
60$3,157,959$1,705,717$1,405,590$2,323,603
61$3,432,352$1,741,577$1,404,958$2,448,561
62$3,733,229$1,777,692$1,402,801$2,583,973
63$4,063,245$1,814,026$1,399,022$2,730,880
64$4,425,324$1,850,541$1,393,517$2,890,430
65$4,822,685$1,887,195$1,386,178$3,063,889
66$5,258,875$1,923,944$1,376,891$3,252,656
67$5,737,801$1,960,738$1,365,538$3,458,270
68$6,263,767$1,997,525$1,351,993$3,682,430
69$6,841,514$2,034,246$1,336,128$3,927,012
70$7,476,265$2,070,840$1,317,804$4,194,082
71$8,173,773$2,107,241$1,296,880$4,485,921
72$8,940,377$2,143,375$1,273,205$4,805,043
73$9,783,061$2,179,165$1,246,622$5,154,223
74$10,709,517$2,214,529$1,216,968$5,536,519
75$11,728,222$2,249,375$1,184,071$5,955,304
76$12,848,515$2,283,608$1,147,751$6,414,300
77$14,080,684$2,317,126$1,107,822$6,917,610
78$15,436,065$2,349,816$1,064,085$7,469,757
79$16,927,149$2,381,562$1,016,337$8,075,734
80$18,567,696$2,412,237$964,362$8,741,041
81$20,372,869$2,441,705$907,936$9,471,747
82$22,359,375$2,469,821$846,825$10,274,543
83$24,545,621$2,496,433$780,784$11,156,808
84$26,951,891$2,521,374$709,556$12,126,677
85$29,600,532$2,544,470$632,875$13,193,120
86$32,516,170$2,565,533$550,461$14,366,031
87$35,725,940$2,584,365$462,022$15,656,313
88$39,259,740$2,600,752$367,253$17,075,994
89$43,150,514$2,614,470$265,837$18,638,330
90$47,434,566$2,625,278$157,441$20,357,940
91$52,151,895$2,632,920$41,719$22,250,940
92$57,346,581$2,637,126$0$24,335,097
93$63,067,193$2,637,606$0$26,654,434
94$69,367,253$2,634,054$0$29,221,003
95$76,305,735$2,626,146$0$32,046,255
96$83,947,628$2,613,535$0$35,156,559
97$92,364,543$2,595,855$0$38,580,979
98$101,635,393$2,572,719$0$42,351,547
99$111,847,134$2,543,713$0$46,503,567
100$123,095,588$2,508,401$0$51,075,947