Can I retire at age 50 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$109,830$108,852$107,897$106,966$106,056$103,450
2 years$54,371$53,359$52,377$51,426$50,503$47,894
3 years$35,888$34,871$33,892$32,949$32,041$29,510
4 years$26,647$25,634$24,664$23,738$22,852$20,418
5 years$21,105$20,097$19,141$18,233$17,372$15,043
6 years$17,411$16,411$15,468$14,581$13,746$11,523
7 years$14,773$13,782$12,854$11,988$11,179$9,064
8 years$12,796$11,813$10,902$10,056$9,274$7,265
9 years$11,259$10,286$9,389$8,566$7,810$5,905
10 years$10,030$9,066$8,186$7,384$6,655$4,852
11 years$9,026$8,071$7,207$6,426$5,723$4,020
12 years$8,189$7,244$6,396$5,637$4,960$3,353
13 years$7,481$6,547$5,714$4,976$4,325$2,812
14 years$6,876$5,951$5,134$4,417$3,791$2,369
15 years$6,351$5,436$4,636$3,939$3,338$2,003
16 years$5,892$4,988$4,203$3,527$2,950$1,698
17 years$5,488$4,593$3,824$3,169$2,616$1,443
18 years$5,129$4,244$3,491$2,856$2,326$1,229
19 years$4,809$3,934$3,196$2,581$2,073$1,049
20 years$4,520$3,655$2,933$2,337$1,852$897
21 years$4,260$3,405$2,698$2,121$1,657$767
22 years$4,023$3,178$2,487$1,929$1,485$657
23 years$3,808$2,973$2,296$1,757$1,333$563
24 years$3,610$2,785$2,123$1,602$1,198$483
25 years$3,429$2,614$1,967$1,463$1,078$415
26 years$3,262$2,457$1,824$1,338$971$357
27 years$3,107$2,312$1,694$1,225$876$307
28 years$2,964$2,178$1,574$1,122$790$264
29 years$2,831$2,055$1,465$1,029$714$227
30 years$2,707$1,941$1,365$944$645$195
31 years$2,592$1,835$1,272$867$583$168
32 years$2,483$1,736$1,187$797$527$145
33 years$2,382$1,644$1,108$733$477$124
34 years$2,287$1,558$1,036$674$432$107
35 years$2,197$1,478$968$621$391$92
36 years$2,112$1,403$906$572$355$80
37 years$2,033$1,332$848$527$321$69
38 years$1,957$1,266$794$486$291$59
39 years$1,886$1,204$744$448$264$51
40 years$1,818$1,146$697$413$240$44
41 years$1,754$1,090$654$381$217$38
42 years$1,693$1,038$613$352$197$33
43 years$1,635$989$575$325$179$28
44 years$1,580$943$540$300$163$24
45 years$1,528$899$507$277$148$21
46 years$1,478$858$476$256$134$18
47 years$1,430$819$448$236$122$15
48 years$1,384$782$421$218$110$13
49 years$1,340$746$395$202$100$12
50 years$1,299$713$372$186$91$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,330,000, adding $6,362 every year, while hoping to spend $32,482 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: 41/42/17 Blend
49$1,330,000$1,330,000$1,330,000$1,330,000
50$1,472,222$1,401,732$1,381,117$1,524,963
51$1,587,828$1,435,857$1,392,824$1,597,088
52$1,714,138$1,470,564$1,403,835$1,671,457
53$1,852,208$1,505,850$1,414,091$1,751,264
54$2,003,202$1,541,706$1,423,532$1,837,022
55$2,168,404$1,578,124$1,432,095$1,929,294
56$2,349,223$1,615,095$1,439,713$2,028,703
57$2,547,215$1,652,605$1,446,314$2,135,932
58$2,764,090$1,690,642$1,451,825$2,251,737
59$3,001,734$1,729,191$1,456,168$2,376,948
60$3,262,223$1,768,233$1,459,262$2,512,482
61$3,547,842$1,807,749$1,461,020$2,659,347
62$3,861,110$1,847,717$1,461,352$2,818,656
63$4,204,800$1,888,112$1,460,164$2,991,635
64$4,581,967$1,928,906$1,457,357$3,179,634
65$4,995,976$1,970,071$1,452,826$3,384,143
66$5,450,533$2,011,572$1,446,463$3,606,802
67$5,949,721$2,053,373$1,438,154$3,849,420
68$6,498,038$2,095,434$1,427,778$4,113,991
69$7,100,440$2,137,711$1,415,210$4,402,712
70$7,762,383$2,180,158$1,400,318$4,718,005
71$8,489,883$2,222,722$1,382,965$5,062,542
72$9,289,563$2,265,347$1,363,006$5,439,264
73$10,168,722$2,307,973$1,340,291$5,851,417
74$11,135,402$2,350,534$1,314,661$6,302,577
75$12,198,461$2,392,959$1,285,950$6,796,687
76$13,367,661$2,435,170$1,253,986$7,338,093
77$14,653,755$2,477,086$1,218,587$7,931,585
78$16,068,592$2,518,618$1,179,565$8,582,445
79$17,625,228$2,559,670$1,136,719$9,296,494
80$19,338,047$2,600,139$1,089,844$10,080,150
81$21,222,896$2,639,914$1,038,723$10,940,488
82$23,297,240$2,678,879$983,129$11,885,305
83$25,580,320$2,716,905$922,825$12,923,199
84$28,093,337$2,753,857$857,564$14,063,645
85$30,859,652$2,789,591$787,087$15,317,088
86$33,905,006$2,823,951$711,124$16,695,045
87$37,257,763$2,856,770$629,393$18,210,207
88$40,949,176$2,887,874$541,599$19,876,566
89$45,013,683$2,917,071$447,434$21,709,545
90$49,489,233$2,944,161$346,577$23,726,144
91$54,417,639$2,968,930$238,692$25,945,103
92$59,844,979$2,991,148$123,429$28,387,078
93$65,822,025$3,010,573$422$31,074,837
94$72,404,725$3,026,944$0$34,033,479
95$79,654,729$3,039,986$0$37,314,401
96$87,639,972$3,049,406$0$40,925,985
97$96,435,314$3,054,892$0$44,901,840
98$106,123,247$3,056,113$0$49,279,093
99$116,794,673$3,052,717$0$54,098,657
100$128,549,760$3,044,330$0$59,405,626