Can I retire at age 50 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$113,959$112,944$111,954$110,987$110,043$106,820
2 years$56,415$55,365$54,346$53,359$52,401$49,181
3 years$37,237$36,181$35,166$34,188$33,246$30,128
4 years$27,649$26,597$25,592$24,630$23,711$20,720
5 years$21,898$20,853$19,860$18,918$18,025$15,169
6 years$18,065$17,028$16,050$15,129$14,262$11,544
7 years$15,329$14,300$13,338$12,439$11,599$9,018
8 years$13,277$12,258$11,311$10,434$9,623$7,178
9 years$11,683$10,672$9,742$8,888$8,104$5,792
10 years$10,407$9,407$8,494$7,661$6,905$4,724
11 years$9,365$8,375$7,478$6,668$5,938$3,884
12 years$8,497$7,517$6,636$5,848$5,146$3,214
13 years$7,763$6,793$5,929$5,163$4,487$2,674
14 years$7,134$6,175$5,327$4,583$3,934$2,234
15 years$6,590$5,641$4,810$4,088$3,463$1,872
16 years$6,114$5,175$4,361$3,660$3,061$1,574
17 years$5,695$4,766$3,968$3,288$2,714$1,326
18 years$5,322$4,404$3,622$2,964$2,413$1,120
19 years$4,989$4,082$3,316$2,678$2,151$947
20 years$4,690$3,793$3,043$2,425$1,921$802
21 years$4,420$3,533$2,799$2,201$1,719$680
22 years$4,174$3,298$2,580$2,001$1,541$577
23 years$3,951$3,084$2,382$1,823$1,383$490
24 years$3,746$2,890$2,203$1,662$1,243$417
25 years$3,558$2,712$2,041$1,518$1,119$354
26 years$3,384$2,549$1,893$1,388$1,008$301
27 years$3,224$2,399$1,757$1,271$909$257
28 years$3,076$2,260$1,634$1,164$820$218
29 years$2,938$2,132$1,520$1,068$740$186
30 years$2,809$2,014$1,416$980$669$159
31 years$2,689$1,904$1,320$900$605$135
32 years$2,577$1,801$1,232$827$547$115
33 years$2,471$1,706$1,150$760$495$98
34 years$2,372$1,617$1,075$700$448$84
35 years$2,279$1,533$1,005$644$406$71
36 years$2,192$1,455$940$593$368$61
37 years$2,109$1,382$880$547$333$52
38 years$2,031$1,314$824$504$302$44
39 years$1,957$1,249$772$464$274$38
40 years$1,887$1,189$723$428$249$32
41 years$1,820$1,131$678$395$226$27
42 years$1,757$1,078$636$365$205$23
43 years$1,697$1,027$597$337$186$20
44 years$1,640$979$560$311$169$17
45 years$1,585$933$526$287$153$15
46 years$1,533$890$494$265$139$12
47 years$1,484$850$464$245$126$11
48 years$1,436$811$436$226$115$9
49 years$1,391$774$410$209$104$8
50 years$1,347$740$386$193$95$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,380,000, adding $3,071 every year, while hoping to spend $23,723 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: 67/16/17 Blend
49$1,380,000$1,380,000$1,380,000$1,380,000
50$1,523,928$1,450,788$1,429,398$1,619,556
51$1,654,127$1,496,635$1,452,041$1,729,687
52$1,796,812$1,543,934$1,474,649$1,847,012
53$1,953,231$1,592,731$1,497,193$1,974,720
54$2,124,758$1,643,072$1,519,647$2,113,829
55$2,312,908$1,695,008$1,541,980$2,265,460
56$2,519,350$1,748,588$1,564,161$2,430,848
57$2,745,920$1,803,865$1,586,157$2,611,353
58$2,994,643$1,860,894$1,607,932$2,808,470
59$3,267,747$1,919,728$1,629,449$3,023,850
60$3,567,689$1,980,427$1,650,667$3,259,309
61$3,897,174$2,043,049$1,671,546$3,516,845
62$4,259,183$2,107,655$1,692,039$3,798,663
63$4,656,998$2,174,308$1,712,101$4,107,189
64$5,094,236$2,243,074$1,731,681$4,445,096
65$5,574,883$2,314,019$1,750,727$4,815,328
66$6,103,328$2,387,214$1,769,183$5,221,129
67$6,684,409$2,462,728$1,786,992$5,666,071
68$7,323,454$2,540,637$1,804,092$6,154,091
69$8,026,335$2,621,017$1,820,417$6,689,525
70$8,799,520$2,703,945$1,835,900$7,277,151
71$9,650,136$2,789,504$1,850,468$7,922,233
72$10,586,037$2,877,777$1,864,046$8,630,568
73$11,615,875$2,968,850$1,876,553$9,408,546
74$12,749,183$3,062,813$1,887,907$10,263,207
75$13,996,466$3,159,757$1,898,018$11,202,307
76$15,369,298$3,259,777$1,906,794$12,234,390
77$16,880,433$3,362,973$1,914,138$13,368,873
78$18,543,922$3,469,444$1,919,947$14,616,131
79$20,375,251$3,579,295$1,924,114$15,987,594
80$22,391,480$3,692,634$1,926,525$17,495,858
81$24,611,410$3,809,572$1,927,063$19,154,803
82$27,055,758$3,930,225$1,925,603$20,979,721
83$29,747,349$4,054,709$1,922,014$22,987,463
84$32,711,337$4,183,149$1,916,161$25,196,599
85$35,975,439$4,315,669$1,907,898$27,627,588
86$39,570,198$4,452,401$1,897,076$30,302,977
87$43,529,267$4,593,478$1,883,538$33,247,609
88$47,889,734$4,739,040$1,867,118$36,488,860
89$52,692,463$4,889,229$1,847,643$40,056,899
90$57,982,487$5,044,194$1,824,931$43,984,966
91$63,809,428$5,204,087$1,798,794$48,309,692
92$70,227,968$5,369,066$1,769,032$53,071,443
93$77,298,364$5,539,293$1,735,437$58,314,699
94$85,087,015$5,714,936$1,697,792$64,088,477
95$93,667,091$5,896,168$1,655,869$70,446,790
96$103,119,223$6,083,169$1,609,429$77,449,158
97$113,532,262$6,276,122$1,558,223$85,161,173
98$125,004,119$6,475,219$1,501,990$93,655,112
99$137,642,690$6,680,656$1,440,458$103,010,624
100$151,566,873$6,892,636$1,373,341$113,315,480