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%19.4%
1 years$108,179$107,215$106,275$105,357$104,461$100,515
2 years$53,554$52,556$51,590$50,653$49,743$45,814
3 years$35,348$34,346$33,382$32,454$31,559$27,769
4 years$26,247$25,248$24,294$23,381$22,508$18,887
5 years$20,787$19,795$18,853$17,959$17,110$13,668
6 years$17,149$16,164$15,236$14,362$13,539$10,277
7 years$14,551$13,574$12,661$11,808$11,011$7,928
8 years$12,604$11,636$10,738$9,905$9,135$6,228
9 years$11,090$10,131$9,248$8,437$7,693$4,959
10 years$9,880$8,930$8,063$7,273$6,554$3,989
11 years$8,890$7,950$7,098$6,329$5,637$3,233
12 years$8,066$7,135$6,300$5,552$4,885$2,637
13 years$7,369$6,448$5,628$4,901$4,260$2,161
14 years$6,772$5,861$5,057$4,351$3,734$1,778
15 years$6,255$5,354$4,566$3,880$3,288$1,467
16 years$5,804$4,913$4,140$3,474$2,906$1,214
17 years$5,406$4,524$3,767$3,122$2,576$1,007
18 years$5,052$4,181$3,439$2,813$2,291$836
19 years$4,736$3,875$3,148$2,542$2,042$695
20 years$4,452$3,600$2,889$2,302$1,824$579
21 years$4,196$3,354$2,657$2,089$1,632$483
22 years$3,963$3,131$2,449$1,900$1,463$403
23 years$3,750$2,928$2,261$1,730$1,313$336
24 years$3,556$2,743$2,091$1,578$1,180$281
25 years$3,377$2,574$1,937$1,441$1,062$234
26 years$3,213$2,420$1,797$1,318$957$196
27 years$3,061$2,277$1,668$1,206$863$164
28 years$2,920$2,146$1,551$1,105$778$137
29 years$2,789$2,024$1,443$1,013$703$115
30 years$2,667$1,912$1,344$930$635$96
31 years$2,553$1,807$1,253$854$574$80
32 years$2,446$1,710$1,169$785$519$67
33 years$2,346$1,619$1,092$722$470$56
34 years$2,252$1,535$1,020$664$426$47
35 years$2,164$1,456$954$611$385$39
36 years$2,081$1,382$892$563$349$33
37 years$2,002$1,312$835$519$317$28
38 years$1,928$1,247$782$478$287$23
39 years$1,858$1,186$733$441$260$19
40 years$1,791$1,128$687$407$236$16
41 years$1,728$1,074$644$375$214$14
42 years$1,668$1,023$604$346$194$11
43 years$1,611$975$567$320$176$10
44 years$1,556$929$532$295$160$8
45 years$1,505$886$500$273$145$7
46 years$1,455$845$469$252$132$6
47 years$1,408$806$441$233$120$5
48 years$1,363$770$414$215$109$4
49 years$1,320$735$389$199$99$3
50 years$1,279$702$366$184$90$3

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 $3,400 every year, while hoping to spend $45,274 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: 72/9/19 Blend
49$1,310,000$1,310,000$1,310,000$1,310,000
50$1,447,127$1,377,697$1,357,392$1,544,526
51$1,546,563$1,397,033$1,354,694$1,629,070
52$1,654,624$1,415,799$1,350,387$1,715,864
53$1,772,142$1,433,920$1,344,371$1,809,768
54$1,900,032$1,451,313$1,336,540$1,911,482
55$2,039,301$1,467,894$1,326,780$2,021,773
56$2,191,059$1,483,569$1,314,976$2,141,490
57$2,356,523$1,498,241$1,301,004$2,271,567
58$2,537,038$1,511,804$1,284,737$2,413,034
59$2,734,079$1,524,146$1,266,039$2,567,027
60$2,949,274$1,535,148$1,244,770$2,734,798
61$3,184,413$1,544,683$1,220,783$2,917,725
62$3,441,467$1,552,616$1,193,923$3,117,331
63$3,722,606$1,558,804$1,164,029$3,335,292
64$4,030,220$1,563,093$1,130,932$3,573,456
65$4,366,939$1,565,322$1,094,455$3,833,862
66$4,735,662$1,565,317$1,054,414$4,118,755
67$5,139,578$1,562,896$1,010,615$4,430,612
68$5,582,201$1,557,864$962,857$4,772,164
69$6,067,400$1,550,015$910,928$5,146,419
70$6,599,439$1,539,129$854,607$5,556,696
71$7,183,009$1,524,974$793,665$6,006,651
72$7,823,283$1,507,305$727,859$6,500,317
73$8,525,954$1,485,859$656,939$7,042,139
74$9,297,295$1,460,360$580,640$7,637,015
75$10,144,217$1,430,515$498,689$8,290,347
76$11,074,330$1,396,014$410,798$9,008,089
77$12,096,020$1,356,527$316,669$9,796,805
78$13,218,524$1,311,706$215,987$10,663,729
79$14,452,018$1,261,184$108,427$11,616,836
80$15,807,712$1,204,570$0$12,664,919
81$17,297,957$1,141,453$0$13,818,957
82$18,936,359$1,071,394$0$15,111,886
83$20,737,910$993,935$0$16,533,550
84$22,719,125$908,586$0$18,097,009
85$24,898,202$814,833$0$19,816,650
86$27,295,189$712,129$0$21,708,331
87$29,932,175$599,901$0$23,789,522
88$32,833,500$477,539$0$26,079,477
89$36,025,980$344,401$0$28,599,413
90$39,539,161$199,809$0$31,372,707
91$43,405,601$43,045$0$34,425,125
92$47,661,171$0$0$37,785,055
93$52,345,398$0$0$41,496,327
94$57,501,834$0$0$45,586,497
95$63,178,467$0$0$50,089,376
96$69,428,179$0$0$55,046,920
97$76,309,234$0$0$60,505,359
98$83,885,837$0$0$66,515,634
99$92,228,736$0$0$73,133,876
100$101,415,886$0$0$80,421,940