Can I retire at age 50 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$113,133$112,126$111,142$110,183$109,246$106,432
2 years$56,007$54,964$53,953$52,972$52,022$49,206
3 years$36,967$35,919$34,911$33,940$33,005$30,274
4 years$27,449$26,404$25,406$24,452$23,539$20,916
5 years$21,740$20,701$19,716$18,781$17,894$15,385
6 years$17,935$16,904$15,934$15,020$14,159$11,766
7 years$15,218$14,196$13,241$12,348$11,515$9,239
8 years$13,181$12,169$11,229$10,359$9,553$7,392
9 years$11,598$10,595$9,672$8,823$8,045$5,998
10 years$10,332$9,339$8,432$7,606$6,855$4,919
11 years$9,297$8,314$7,424$6,619$5,895$4,068
12 years$8,435$7,462$6,588$5,806$5,109$3,386
13 years$7,706$6,744$5,886$5,126$4,455$2,834
14 years$7,082$6,130$5,289$4,550$3,905$2,382
15 years$6,542$5,600$4,775$4,058$3,438$2,010
16 years$6,070$5,138$4,329$3,633$3,039$1,701
17 years$5,653$4,732$3,939$3,265$2,694$1,442
18 years$5,284$4,372$3,596$2,942$2,396$1,226
19 years$4,953$4,052$3,292$2,658$2,135$1,044
20 years$4,656$3,765$3,021$2,408$1,907$890
21 years$4,388$3,507$2,779$2,185$1,707$760
22 years$4,144$3,274$2,561$1,987$1,530$649
23 years$3,922$3,062$2,365$1,809$1,373$555
24 years$3,719$2,869$2,187$1,650$1,234$475
25 years$3,532$2,692$2,026$1,507$1,111$407
26 years$3,360$2,530$1,879$1,378$1,001$349
27 years$3,201$2,381$1,745$1,261$902$299
28 years$3,053$2,244$1,622$1,156$814$257
29 years$2,916$2,117$1,509$1,060$735$220
30 years$2,789$1,999$1,406$973$664$189
31 years$2,670$1,890$1,311$893$600$162
32 years$2,558$1,788$1,223$821$543$139
33 years$2,453$1,693$1,142$755$492$120
34 years$2,355$1,605$1,067$695$445$103
35 years$2,263$1,522$997$639$403$88
36 years$2,176$1,445$933$589$365$76
37 years$2,094$1,372$873$543$331$65
38 years$2,016$1,304$818$500$300$56
39 years$1,943$1,240$766$461$272$48
40 years$1,873$1,180$718$425$247$41
41 years$1,807$1,123$673$392$224$36
42 years$1,744$1,070$632$362$203$31
43 years$1,685$1,019$593$334$184$26
44 years$1,628$972$556$309$167$23
45 years$1,574$926$522$285$152$19
46 years$1,522$884$491$263$138$17
47 years$1,473$843$461$243$125$14
48 years$1,426$805$433$225$114$12
49 years$1,381$769$407$208$103$11
50 years$1,338$734$383$192$94$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,370,000, adding $5,508 every year, while hoping to spend $42,665 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: 41/50/9 Blend
49$1,370,000$1,370,000$1,370,000$1,370,000
50$1,515,422$1,442,812$1,421,577$1,573,286
51$1,624,599$1,468,114$1,423,804$1,639,635
52$1,743,483$1,493,226$1,424,676$1,706,701
53$1,873,018$1,518,094$1,424,103$1,778,319
54$2,014,245$1,542,659$1,421,989$1,854,921
55$2,168,307$1,566,859$1,418,234$1,936,982
56$2,336,464$1,590,625$1,412,735$2,025,025
57$2,520,104$1,613,886$1,405,382$2,119,629
58$2,720,752$1,636,564$1,396,061$2,221,433
59$2,940,090$1,658,577$1,384,650$2,331,142
60$3,179,968$1,679,836$1,371,024$2,449,534
61$3,442,423$1,700,246$1,355,052$2,577,467
62$3,729,699$1,719,707$1,336,595$2,715,889
63$4,044,265$1,738,110$1,315,508$2,865,847
64$4,388,842$1,755,339$1,291,639$3,028,495
65$4,766,427$1,771,273$1,264,832$3,205,107
66$5,180,317$1,785,781$1,234,919$3,397,091
67$5,634,147$1,798,722$1,201,726$3,605,998
68$6,131,920$1,809,948$1,165,073$3,833,544
69$6,678,042$1,819,302$1,124,770$4,081,618
70$7,277,370$1,826,616$1,080,617$4,352,309
71$7,935,251$1,831,710$1,032,408$4,647,919
72$8,657,578$1,834,395$979,924$4,970,991
73$9,450,839$1,834,468$922,940$5,324,331
74$10,322,184$1,831,716$861,217$5,711,034
75$11,279,487$1,825,911$794,509$6,134,515
76$12,331,426$1,816,812$722,556$6,598,545
77$13,487,557$1,804,161$645,088$7,107,283
78$14,758,411$1,787,688$561,821$7,665,317
79$16,155,589$1,767,105$472,462$8,277,711
80$17,691,871$1,742,105$376,701$8,950,051
81$19,381,339$1,712,365$274,217$9,688,499
82$21,239,506$1,677,542$164,675$10,499,854
83$23,283,467$1,637,272$47,723$11,391,616
84$25,532,054$1,591,172$0$12,372,059
85$28,006,018$1,538,834$0$13,457,712
86$30,728,221$1,479,826$0$14,656,611
87$33,723,855$1,413,693$0$15,975,311
88$37,020,676$1,339,952$0$17,426,100
89$40,649,269$1,258,093$0$19,022,529
90$44,643,331$1,167,576$0$20,779,540
91$49,039,994$1,067,831$0$22,713,611
92$53,880,173$958,254$0$24,842,910
93$59,208,950$838,208$0$27,187,473
94$65,076,001$707,019$0$29,769,391
95$71,536,066$563,976$0$32,613,023
96$78,649,461$408,326$0$35,745,226
97$86,482,648$239,276$0$39,195,613
98$95,108,864$55,987$0$42,996,834
99$104,608,812$0$0$47,184,888
100$115,071,419$0$0$51,877,825