Can I retire at age 50 with 1,340,000?

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 $1,340,000?

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$110,656$109,670$108,709$107,770$106,853$102,573
2 years$54,780$53,760$52,771$51,813$50,883$46,624
3 years$36,157$35,133$34,146$33,197$32,282$28,180
4 years$26,848$25,826$24,850$23,916$23,024$19,108
5 years$21,263$20,248$19,285$18,370$17,502$13,784
6 years$17,542$16,534$15,585$14,691$13,849$10,330
7 years$14,885$13,885$12,951$12,078$11,263$7,942
8 years$12,893$11,902$10,983$10,132$9,344$6,217
9 years$11,344$10,363$9,460$8,630$7,869$4,932
10 years$10,106$9,135$8,248$7,439$6,705$3,951
11 years$9,093$8,132$7,261$6,474$5,766$3,190
12 years$8,250$7,299$6,444$5,679$4,997$2,592
13 years$7,538$6,596$5,757$5,014$4,357$2,115
14 years$6,927$5,996$5,173$4,451$3,820$1,733
15 years$6,399$5,477$4,670$3,969$3,363$1,424
16 years$5,937$5,025$4,234$3,554$2,972$1,173
17 years$5,529$4,628$3,853$3,193$2,635$968
18 years$5,168$4,276$3,517$2,878$2,343$801
19 years$4,845$3,963$3,220$2,600$2,089$663
20 years$4,554$3,683$2,955$2,355$1,866$549
21 years$4,292$3,430$2,718$2,137$1,670$456
22 years$4,053$3,202$2,505$1,943$1,496$378
23 years$3,836$2,995$2,313$1,770$1,343$314
24 years$3,637$2,806$2,139$1,614$1,207$261
25 years$3,455$2,633$1,981$1,474$1,086$217
26 years$3,286$2,475$1,838$1,348$979$181
27 years$3,131$2,329$1,706$1,234$882$150
28 years$2,987$2,195$1,586$1,130$796$125
29 years$2,853$2,071$1,476$1,037$719$104
30 years$2,728$1,955$1,375$951$650$87
31 years$2,611$1,849$1,282$874$587$72
32 years$2,502$1,749$1,196$803$531$60
33 years$2,400$1,656$1,117$738$481$50
34 years$2,304$1,570$1,043$679$435$42
35 years$2,213$1,489$976$625$394$35
36 years$2,128$1,413$913$576$357$29
37 years$2,048$1,342$854$531$324$24
38 years$1,972$1,276$800$489$294$20
39 years$1,900$1,213$749$451$266$17
40 years$1,832$1,154$702$416$241$14
41 years$1,767$1,099$659$384$219$12
42 years$1,706$1,046$618$354$199$10
43 years$1,648$997$580$327$180$8
44 years$1,592$950$544$302$164$7
45 years$1,539$906$511$279$149$6
46 years$1,489$864$480$258$135$5
47 years$1,441$825$451$238$123$4
48 years$1,394$788$424$220$111$3
49 years$1,350$752$398$203$101$3
50 years$1,308$718$374$188$92$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,340,000, adding $6,822 every year, while hoping to spend $28,923 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: 78/6/16 Blend
49$1,340,000$1,340,000$1,340,000$1,340,000
50$1,483,717$1,412,697$1,391,927$1,593,810
51$1,604,282$1,451,145$1,407,783$1,705,807
52$1,736,176$1,490,508$1,423,200$1,824,289
53$1,880,523$1,530,800$1,438,134$1,953,457
54$2,038,561$1,572,034$1,452,537$2,094,369
55$2,211,656$1,614,226$1,466,359$2,248,188
56$2,401,309$1,657,387$1,479,546$2,416,200
57$2,609,175$1,701,531$1,492,043$2,599,818
58$2,837,075$1,746,671$1,503,791$2,800,598
59$3,087,017$1,792,818$1,514,728$3,020,257
60$3,361,210$1,839,983$1,524,789$3,260,684
61$3,662,090$1,888,179$1,533,906$3,523,962
62$3,992,338$1,937,414$1,542,006$3,812,384
63$4,354,907$1,987,698$1,549,014$4,128,478
64$4,753,052$2,039,040$1,554,850$4,475,027
65$5,190,357$2,091,447$1,559,432$4,855,101
66$5,670,771$2,144,925$1,562,670$5,272,078
67$6,198,643$2,199,480$1,564,473$5,729,683
68$6,778,766$2,255,116$1,564,744$6,232,020
69$7,416,420$2,311,836$1,563,382$6,783,611
70$8,117,419$2,369,640$1,560,281$7,389,436
71$8,888,174$2,428,530$1,555,328$8,054,987
72$9,735,743$2,488,503$1,548,406$8,786,312
73$10,667,904$2,549,556$1,539,394$9,590,076
74$11,693,228$2,611,682$1,528,161$10,473,625
75$12,821,157$2,674,874$1,514,574$11,445,052
76$14,062,094$2,739,122$1,498,491$12,513,275
77$15,427,502$2,804,413$1,479,765$13,688,123
78$16,930,010$2,870,732$1,458,240$14,980,425
79$18,583,535$2,938,062$1,433,755$16,402,114
80$20,403,409$3,006,380$1,406,139$17,966,341
81$22,406,527$3,075,663$1,375,215$19,687,598
82$24,611,505$3,145,883$1,340,797$21,581,853
83$27,038,856$3,217,009$1,302,691$23,666,705
84$29,711,181$3,289,004$1,260,694$25,961,545
85$32,653,386$3,361,830$1,214,591$28,487,744
86$35,892,913$3,435,441$1,164,162$31,268,851
87$39,460,002$3,509,790$1,109,173$34,330,816
88$43,387,973$3,584,820$1,049,381$37,702,238
89$47,713,543$3,660,474$984,533$41,414,632
90$52,477,172$3,736,684$914,361$45,502,727
91$57,723,441$3,813,379$838,590$50,004,793
92$63,501,478$3,890,481$756,929$54,963,006
93$69,865,418$3,967,903$669,075$60,423,843
94$76,874,913$4,045,553$574,711$66,438,522
95$84,595,698$4,123,329$473,508$73,063,483
96$93,100,209$4,201,122$365,121$80,360,927
97$102,468,266$4,278,813$249,188$88,399,398
98$112,787,828$4,356,273$125,335$97,254,430
99$124,155,821$4,433,365$0$107,009,265
100$136,679,053$4,509,939$0$117,756,802