Can I retire at age 50 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$108,179$107,215$106,275$105,357$104,461$100,277
2 years$53,554$52,556$51,590$50,653$49,743$45,580
3 years$35,348$34,346$33,382$32,454$31,559$27,549
4 years$26,247$25,248$24,294$23,381$22,508$18,681
5 years$20,787$19,795$18,853$17,959$17,110$13,475
6 years$17,149$16,164$15,236$14,362$13,539$10,098
7 years$14,551$13,574$12,661$11,808$11,011$7,764
8 years$12,604$11,636$10,738$9,905$9,135$6,078
9 years$11,090$10,131$9,248$8,437$7,693$4,821
10 years$9,880$8,930$8,063$7,273$6,554$3,863
11 years$8,890$7,950$7,098$6,329$5,637$3,119
12 years$8,066$7,135$6,300$5,552$4,885$2,533
13 years$7,369$6,448$5,628$4,901$4,260$2,068
14 years$6,772$5,861$5,057$4,351$3,734$1,694
15 years$6,255$5,354$4,566$3,880$3,288$1,392
16 years$5,804$4,913$4,140$3,474$2,906$1,147
17 years$5,406$4,524$3,767$3,122$2,576$947
18 years$5,052$4,181$3,439$2,813$2,291$783
19 years$4,736$3,875$3,148$2,542$2,042$648
20 years$4,452$3,600$2,889$2,302$1,824$537
21 years$4,196$3,354$2,657$2,089$1,632$446
22 years$3,963$3,131$2,449$1,900$1,463$370
23 years$3,750$2,928$2,261$1,730$1,313$307
24 years$3,556$2,743$2,091$1,578$1,180$255
25 years$3,377$2,574$1,937$1,441$1,062$212
26 years$3,213$2,420$1,797$1,318$957$177
27 years$3,061$2,277$1,668$1,206$863$147
28 years$2,920$2,146$1,551$1,105$778$122
29 years$2,789$2,024$1,443$1,013$703$102
30 years$2,667$1,912$1,344$930$635$85
31 years$2,553$1,807$1,253$854$574$71
32 years$2,446$1,710$1,169$785$519$59
33 years$2,346$1,619$1,092$722$470$49
34 years$2,252$1,535$1,020$664$426$41
35 years$2,164$1,456$954$611$385$34
36 years$2,081$1,382$892$563$349$28
37 years$2,002$1,312$835$519$317$24
38 years$1,928$1,247$782$478$287$20
39 years$1,858$1,186$733$441$260$16
40 years$1,791$1,128$687$407$236$14
41 years$1,728$1,074$644$375$214$11
42 years$1,668$1,023$604$346$194$9
43 years$1,611$975$567$320$176$8
44 years$1,556$929$532$295$160$7
45 years$1,505$886$500$273$145$5
46 years$1,455$845$469$252$132$5
47 years$1,408$806$441$233$120$4
48 years$1,363$770$414$215$109$3
49 years$1,320$735$389$199$99$3
50 years$1,279$702$366$184$90$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,310,000, adding $2,349 every year, while hoping to spend $45,136 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: 55/20/25 Blend
49$1,310,000$1,310,000$1,310,000$1,310,000
50$1,446,043$1,376,613$1,356,308$1,515,516
51$1,545,515$1,396,043$1,353,720$1,582,961
52$1,653,620$1,414,912$1,349,532$1,651,473
53$1,771,192$1,433,145$1,343,644$1,725,153
54$1,899,147$1,450,662$1,335,949$1,804,512
55$2,038,492$1,467,377$1,326,336$1,890,116
56$2,190,338$1,483,198$1,314,688$1,982,587
57$2,355,907$1,498,029$1,300,884$2,082,614
58$2,536,540$1,511,763$1,284,795$2,190,956
59$2,733,719$1,524,291$1,266,287$2,308,452
60$2,949,072$1,535,495$1,245,221$2,436,029
61$3,184,390$1,545,247$1,221,449$2,574,708
62$3,441,648$1,553,415$1,194,818$2,725,618
63$3,723,019$1,559,855$1,165,167$2,890,005
64$4,030,895$1,564,415$1,132,328$3,069,243
65$4,367,910$1,566,935$1,096,124$3,264,851
66$4,736,965$1,567,243$1,056,373$3,478,502
67$5,141,255$1,565,158$1,012,881$3,712,047
68$5,584,298$1,560,486$965,448$3,967,524
69$6,069,968$1,553,021$913,862$4,247,184
70$6,602,533$1,542,547$857,904$4,553,513
71$7,186,692$1,528,833$797,345$4,889,250
72$7,827,623$1,511,634$731,944$5,257,421
73$8,531,027$1,490,691$661,451$5,661,362
74$9,303,185$1,465,728$585,604$6,104,755
75$10,151,017$1,436,456$504,128$6,591,662
76$11,082,143$1,402,564$416,738$7,126,565
77$12,104,959$1,363,727$323,136$7,714,405
78$13,228,713$1,319,599$223,010$8,360,636
79$14,463,596$1,269,813$116,035$9,071,274
80$15,820,832$1,213,983$1,872$9,852,952
81$17,312,788$1,151,699$0$10,712,989
82$18,953,087$1,082,527$0$11,691,456
83$20,756,740$1,006,009$0$12,767,868
84$22,740,284$921,660$0$13,951,647
85$24,921,941$828,969$0$15,253,727
86$27,321,783$727,393$0$16,686,162
87$29,961,931$616,361$0$18,262,236
88$32,866,753$495,269$0$19,996,593
89$36,063,102$363,477$0$21,905,373
90$39,580,562$220,311$0$24,006,364
91$43,451,733$65,059$0$26,319,175
92$47,712,532$0$0$28,865,418
93$52,402,538$0$0$31,691,587
94$57,565,359$0$0$34,818,580
95$63,249,047$0$0$38,261,203
96$69,506,550$0$0$42,051,543
97$76,396,211$0$0$46,224,960
98$83,982,317$0$0$50,820,418
99$92,335,707$0$0$55,880,847
100$101,534,439$0$0$61,453,558