Can I retire at age 50 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$112,308$111,307$110,331$109,379$108,448$107,004
2 years$55,598$54,562$53,559$52,586$51,642$50,190
3 years$36,697$35,657$34,656$33,692$32,764$31,348
4 years$27,248$26,212$25,221$24,273$23,367$21,999
5 years$21,581$20,550$19,572$18,644$17,764$16,447
6 years$17,804$16,781$15,817$14,910$14,056$12,792
7 years$15,107$14,093$13,144$12,258$11,431$10,221
8 years$13,085$12,080$11,147$10,283$9,483$8,327
9 years$11,513$10,518$9,601$8,759$7,986$6,883
10 years$10,257$9,271$8,371$7,550$6,805$5,753
11 years$9,229$8,253$7,369$6,571$5,852$4,852
12 years$8,374$7,408$6,540$5,764$5,071$4,121
13 years$7,650$6,694$5,843$5,088$4,422$3,521
14 years$7,031$6,085$5,250$4,517$3,877$3,022
15 years$6,494$5,559$4,740$4,028$3,413$2,605
16 years$6,025$5,100$4,298$3,607$3,017$2,253
17 years$5,612$4,697$3,911$3,241$2,675$1,954
18 years$5,245$4,340$3,570$2,921$2,378$1,698
19 years$4,917$4,022$3,268$2,639$2,120$1,480
20 years$4,622$3,738$2,999$2,390$1,893$1,291
21 years$4,356$3,482$2,759$2,169$1,694$1,129
22 years$4,114$3,250$2,543$1,972$1,519$988
23 years$3,893$3,040$2,348$1,796$1,363$866
24 years$3,692$2,848$2,171$1,638$1,225$759
25 years$3,506$2,673$2,011$1,496$1,103$667
26 years$3,335$2,512$1,865$1,368$993$586
27 years$3,178$2,364$1,732$1,252$896$515
28 years$3,031$2,228$1,610$1,147$808$453
29 years$2,895$2,101$1,498$1,052$730$399
30 years$2,768$1,985$1,396$966$659$351
31 years$2,650$1,876$1,301$887$596$309
32 years$2,539$1,775$1,214$815$539$272
33 years$2,436$1,681$1,133$749$488$240
34 years$2,338$1,593$1,059$690$442$212
35 years$2,246$1,511$990$635$400$187
36 years$2,160$1,434$926$585$363$165
37 years$2,078$1,362$867$539$329$145
38 years$2,001$1,295$812$496$298$128
39 years$1,928$1,231$761$458$270$113
40 years$1,859$1,171$713$422$245$100
41 years$1,794$1,115$668$390$222$88
42 years$1,731$1,062$627$360$202$78
43 years$1,672$1,012$588$332$183$69
44 years$1,616$964$552$306$166$61
45 years$1,562$920$519$283$151$54
46 years$1,511$877$487$261$137$47
47 years$1,462$837$458$242$124$42
48 years$1,415$799$430$223$113$37
49 years$1,371$763$404$206$103$33
50 years$1,328$729$380$191$93$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,360,000, adding $4,277 every year, while hoping to spend $58,351 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: 39/42/19 Blend
49$1,360,000$1,360,000$1,360,000$1,360,000
50$1,503,132$1,431,052$1,409,972$1,553,083
51$1,594,366$1,439,088$1,395,121$1,597,356
52$1,692,951$1,445,563$1,377,817$1,639,311
53$1,799,574$1,450,337$1,357,916$1,683,465
54$1,914,992$1,453,265$1,335,267$1,730,051
55$2,040,036$1,454,190$1,309,713$1,779,325
56$2,175,620$1,452,946$1,281,089$1,831,576
57$2,322,750$1,449,358$1,249,223$1,887,123
58$2,482,532$1,443,238$1,213,933$1,946,326
59$2,656,182$1,434,388$1,175,032$2,009,581
60$2,845,038$1,422,598$1,132,321$2,077,333
61$3,050,572$1,407,645$1,085,593$2,150,077
62$3,274,403$1,389,293$1,034,634$2,228,360
63$3,518,314$1,367,291$979,216$2,312,796
64$3,784,267$1,341,373$919,105$2,404,064
65$4,074,421$1,311,258$854,053$2,502,920
66$4,391,150$1,276,648$783,802$2,610,202
67$4,737,073$1,237,229$708,084$2,726,845
68$5,115,067$1,192,666$626,618$2,853,882
69$5,528,303$1,142,606$539,109$2,992,465
70$5,980,271$1,086,675$445,250$3,143,867
71$6,474,814$1,024,478$344,722$3,309,505
72$7,016,165$955,597$237,190$3,490,946
73$7,608,982$879,589$122,304$3,689,930
74$8,258,398$795,989$0$3,908,386
75$8,970,063$704,300$0$4,148,511
76$9,750,200$604,002$0$4,439,076
77$10,605,666$494,543$0$4,757,962
78$11,544,008$375,341$0$5,108,157
79$12,573,544$245,779$0$5,492,962
80$13,703,431$105,208$0$5,916,028
81$14,943,760$0$0$6,381,388
82$16,305,643$0$0$6,915,247
83$17,801,324$0$0$7,555,144
84$19,444,287$0$0$8,258,248
85$21,249,391$0$0$9,030,942
86$23,233,002$0$0$9,880,258
87$25,413,150$0$0$10,813,940
88$27,809,701$0$0$11,840,523
89$30,444,538$0$0$12,969,411
90$33,341,774$0$0$14,210,961
91$36,527,973$0$0$15,576,587
92$40,032,402$0$0$17,078,865
93$43,887,307$0$0$18,731,649
94$48,128,219$0$0$20,550,206
95$52,794,282$0$0$22,551,355
96$57,928,629$0$0$24,753,629
97$63,578,783$0$0$27,177,450
98$69,797,108$0$0$29,845,317
99$76,641,301$0$0$32,782,024
100$84,174,936$0$0$36,014,888