Can I retire at age 50 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$109,004$108,033$107,086$106,161$105,259$102,756
2 years$53,963$52,958$51,984$51,039$50,123$47,616
3 years$35,618$34,608$33,637$32,701$31,800$29,367
4 years$26,447$25,441$24,479$23,559$22,680$20,340
5 years$20,946$19,946$18,997$18,096$17,241$15,001
6 years$17,280$16,287$15,352$14,471$13,642$11,504
7 years$14,662$13,678$12,758$11,898$11,095$9,058
8 years$12,700$11,725$10,820$9,981$9,204$7,269
9 years$11,175$10,208$9,319$8,501$7,751$5,916
10 years$9,955$8,998$8,124$7,328$6,604$4,867
11 years$8,958$8,011$7,153$6,378$5,680$4,038
12 years$8,127$7,190$6,348$5,594$4,922$3,372
13 years$7,425$6,498$5,671$4,939$4,292$2,832
14 years$6,824$5,906$5,096$4,384$3,763$2,389
15 years$6,303$5,395$4,601$3,910$3,313$2,022
16 years$5,848$4,950$4,171$3,501$2,928$1,717
17 years$5,447$4,559$3,796$3,146$2,596$1,462
18 years$5,091$4,213$3,465$2,835$2,308$1,247
19 years$4,772$3,904$3,172$2,561$2,057$1,066
20 years$4,486$3,628$2,911$2,320$1,838$912
21 years$4,228$3,379$2,678$2,105$1,645$782
22 years$3,993$3,154$2,468$1,914$1,474$671
23 years$3,779$2,950$2,279$1,743$1,323$576
24 years$3,583$2,764$2,107$1,590$1,189$495
25 years$3,403$2,594$1,952$1,452$1,070$426
26 years$3,237$2,438$1,810$1,328$964$366
27 years$3,084$2,294$1,681$1,215$869$315
28 years$2,942$2,162$1,563$1,114$784$272
29 years$2,810$2,040$1,454$1,021$708$234
30 years$2,687$1,926$1,355$937$640$202
31 years$2,572$1,821$1,263$861$579$174
32 years$2,465$1,723$1,178$791$523$150
33 years$2,364$1,632$1,100$727$474$129
34 years$2,269$1,546$1,028$669$429$112
35 years$2,180$1,467$961$616$388$96
36 years$2,096$1,392$899$567$352$83
37 years$2,017$1,322$841$523$319$72
38 years$1,943$1,257$788$482$289$62
39 years$1,872$1,195$738$444$262$53
40 years$1,805$1,137$692$410$238$46
41 years$1,741$1,082$649$378$216$40
42 years$1,681$1,031$609$349$196$34
43 years$1,623$982$571$322$178$30
44 years$1,568$936$536$297$161$26
45 years$1,516$893$503$275$146$22
46 years$1,466$852$473$254$133$19
47 years$1,419$813$444$234$121$16
48 years$1,374$776$417$217$110$14
49 years$1,330$741$392$200$100$12
50 years$1,289$708$369$185$90$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,320,000, adding $2,126 every year, while hoping to spend $51,335 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: 70/7/23 Blend
49$1,320,000$1,320,000$1,320,000$1,320,000
50$1,456,833$1,386,873$1,366,413$1,550,261
51$1,550,810$1,400,210$1,357,568$1,626,321
52$1,652,652$1,412,479$1,346,706$1,703,343
53$1,763,107$1,423,576$1,333,705$1,786,419
54$1,882,998$1,433,385$1,318,438$1,876,145
55$2,013,230$1,441,786$1,300,772$1,973,179
56$2,154,797$1,448,652$1,280,566$2,078,246
57$2,308,795$1,453,845$1,257,673$2,192,146
58$2,476,429$1,457,220$1,231,942$2,315,761
59$2,659,023$1,458,622$1,203,211$2,450,064
60$2,858,037$1,457,888$1,171,312$2,596,129
61$3,075,076$1,454,844$1,136,070$2,755,140
62$3,311,907$1,449,304$1,097,301$2,928,403
63$3,570,475$1,441,073$1,054,814$3,117,357
64$3,852,920$1,429,943$1,008,407$3,323,593
65$4,161,600$1,415,692$957,870$3,548,862
66$4,499,108$1,398,086$902,985$3,795,096
67$4,868,304$1,376,879$843,521$4,064,427
68$5,272,331$1,351,806$779,239$4,359,206
69$5,714,654$1,322,589$709,889$4,682,024
70$6,199,087$1,288,935$635,208$5,035,741
71$6,729,830$1,250,529$554,924$5,423,508
72$7,311,510$1,207,043$468,752$5,848,803
73$7,949,222$1,158,125$376,392$6,315,460
74$8,648,576$1,103,407$277,535$6,827,706
75$9,415,753$1,042,496$171,855$7,390,203
76$10,257,560$974,979$59,013$8,008,091
77$11,181,496$900,417$0$8,687,038
78$12,195,820$818,349$0$9,448,366
79$13,309,629$728,284$0$10,300,328
80$14,532,947$629,706$0$11,236,121
81$15,876,815$522,068$0$12,264,220
82$17,353,394$404,794$0$13,393,965
83$18,976,084$277,273$0$14,635,646
84$20,759,647$138,861$0$16,000,603
85$22,720,346$0$0$17,501,330
86$24,876,097$0$0$19,152,451
87$27,246,640$0$0$20,979,923
88$29,853,724$0$0$22,989,827
89$32,721,310$0$0$25,200,643
90$35,875,799$0$0$27,632,738
91$39,346,279$0$0$30,308,548
92$43,164,798$0$0$33,252,794
93$47,366,671$0$0$36,492,716
94$51,990,805$0$0$40,058,326
95$57,080,071$0$0$43,982,693
96$62,681,709$0$0$48,302,257
97$68,847,766$0$0$53,057,166
98$75,635,597$0$0$58,291,660
99$83,108,394$0$0$64,054,486
100$91,335,793$0$0$70,399,359