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%13.5%
1 years$113,133$112,126$111,142$110,183$109,246$107,658
2 years$56,007$54,964$53,953$52,972$52,022$50,425
3 years$36,967$35,919$34,911$33,940$33,005$31,449
4 years$27,449$26,404$25,406$24,452$23,539$22,037
5 years$21,740$20,701$19,716$18,781$17,894$16,449
6 years$17,935$16,904$15,934$15,020$14,159$12,773
7 years$15,218$14,196$13,241$12,348$11,515$10,189
8 years$13,181$12,169$11,229$10,359$9,553$8,286
9 years$11,598$10,595$9,672$8,823$8,045$6,837
10 years$10,332$9,339$8,432$7,606$6,855$5,704
11 years$9,297$8,314$7,424$6,619$5,895$4,802
12 years$8,435$7,462$6,588$5,806$5,109$4,071
13 years$7,706$6,744$5,886$5,126$4,455$3,471
14 years$7,082$6,130$5,289$4,550$3,905$2,974
15 years$6,542$5,600$4,775$4,058$3,438$2,558
16 years$6,070$5,138$4,329$3,633$3,039$2,207
17 years$5,653$4,732$3,939$3,265$2,694$1,910
18 years$5,284$4,372$3,596$2,942$2,396$1,657
19 years$4,953$4,052$3,292$2,658$2,135$1,440
20 years$4,656$3,765$3,021$2,408$1,907$1,254
21 years$4,388$3,507$2,779$2,185$1,707$1,094
22 years$4,144$3,274$2,561$1,987$1,530$955
23 years$3,922$3,062$2,365$1,809$1,373$835
24 years$3,719$2,869$2,187$1,650$1,234$731
25 years$3,532$2,692$2,026$1,507$1,111$640
26 years$3,360$2,530$1,879$1,378$1,001$561
27 years$3,201$2,381$1,745$1,261$902$492
28 years$3,053$2,244$1,622$1,156$814$432
29 years$2,916$2,117$1,509$1,060$735$379
30 years$2,789$1,999$1,406$973$664$333
31 years$2,670$1,890$1,311$893$600$293
32 years$2,558$1,788$1,223$821$543$257
33 years$2,453$1,693$1,142$755$492$226
34 years$2,355$1,605$1,067$695$445$199
35 years$2,263$1,522$997$639$403$175
36 years$2,176$1,445$933$589$365$154
37 years$2,094$1,372$873$543$331$135
38 years$2,016$1,304$818$500$300$119
39 years$1,943$1,240$766$461$272$105
40 years$1,873$1,180$718$425$247$92
41 years$1,807$1,123$673$392$224$81
42 years$1,744$1,070$632$362$203$72
43 years$1,685$1,019$593$334$184$63
44 years$1,628$972$556$309$167$55
45 years$1,574$926$522$285$152$49
46 years$1,522$884$491$263$138$43
47 years$1,473$843$461$243$125$38
48 years$1,426$805$433$225$114$33
49 years$1,381$769$407$208$103$29
50 years$1,338$734$383$192$94$26

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 $6,639 every year, while hoping to spend $40,571 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: 62/12/26 Blend
49$1,370,000$1,370,000$1,370,000$1,370,000
50$1,516,588$1,443,978$1,422,743$1,599,734
51$1,628,113$1,471,566$1,427,238$1,684,505
52$1,749,653$1,499,146$1,430,523$1,772,007
53$1,882,188$1,526,674$1,432,516$1,866,670
54$2,026,795$1,554,105$1,433,129$1,969,202
55$2,184,660$1,581,387$1,432,270$2,080,381
56$2,357,087$1,608,467$1,429,843$2,201,066
57$2,545,514$1,635,286$1,425,747$2,332,206
58$2,751,522$1,661,781$1,419,876$2,474,844
59$2,976,854$1,687,885$1,412,118$2,630,133
60$3,223,427$1,713,525$1,402,358$2,799,342
61$3,493,354$1,738,625$1,390,474$2,983,872
62$3,788,958$1,763,100$1,376,337$3,185,268
63$4,112,801$1,786,861$1,359,814$3,405,230
64$4,467,704$1,809,814$1,340,764$3,645,638
65$4,856,771$1,831,857$1,319,042$3,908,561
66$5,283,425$1,852,880$1,294,492$4,196,280
67$5,751,431$1,872,769$1,266,955$4,511,314
68$6,264,941$1,891,399$1,236,262$4,856,436
69$6,828,526$1,908,637$1,202,237$5,234,706
70$7,447,219$1,924,344$1,164,696$5,649,496
71$8,126,568$1,938,370$1,123,446$6,104,527
72$8,872,682$1,950,554$1,078,285$6,603,897
73$9,692,292$1,960,728$1,029,004$7,152,129
74$10,592,812$1,968,709$975,382$7,754,205
75$11,582,410$1,974,307$917,188$8,415,621
76$12,670,084$1,977,317$854,183$9,142,435
77$13,865,749$1,977,521$786,114$9,941,326
78$15,180,326$1,974,690$712,719$10,819,656
79$16,625,848$1,968,579$633,724$11,785,543
80$18,215,573$1,958,928$548,843$12,847,936
81$19,964,107$1,945,462$457,775$14,016,699
82$21,887,545$1,927,888$360,209$15,302,707
83$24,003,616$1,905,896$255,818$16,717,950
84$26,331,859$1,879,159$144,261$18,275,641
85$28,893,798$1,847,327$25,183$19,990,351
86$31,713,151$1,810,032$0$21,878,137
87$34,816,053$1,766,884$0$23,984,970
88$38,231,298$1,717,469$0$26,311,388
89$41,990,613$1,661,348$0$28,872,021
90$46,128,961$1,598,059$0$31,690,695
91$50,684,862$1,527,111$0$34,793,668
92$55,700,763$1,447,985$0$38,209,875
93$61,223,437$1,360,132$0$41,971,202
94$67,304,421$1,262,972$0$46,112,788
95$74,000,505$1,155,891$0$50,673,356
96$81,374,268$1,038,241$0$55,695,580
97$89,494,664$909,335$0$61,226,485
98$98,437,678$768,451$0$67,317,894
99$108,287,037$614,822$0$74,026,917
100$119,135,006$447,639$0$81,416,488