Can I retire at age 50 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$89,185$88,391$87,616$86,859$86,121$85,506
2 years$44,151$43,329$42,532$41,759$41,010$40,390
3 years$29,142$28,316$27,521$26,756$26,018$25,413
4 years$21,638$20,815$20,028$19,276$18,557$17,970
5 years$17,138$16,319$15,543$14,806$14,106$13,540
6 years$14,138$13,326$12,561$11,840$11,162$10,617
7 years$11,997$11,191$10,438$9,735$9,078$8,554
8 years$10,391$9,593$8,852$8,166$7,531$7,028
9 years$9,143$8,352$7,625$6,956$6,342$5,861
10 years$8,145$7,362$6,647$5,996$5,404$4,944
11 years$7,329$6,554$5,852$5,218$4,647$4,208
12 years$6,650$5,883$5,194$4,577$4,027$3,608
13 years$6,075$5,316$4,640$4,041$3,512$3,113
14 years$5,583$4,832$4,169$3,587$3,078$2,699
15 years$5,157$4,414$3,764$3,199$2,711$2,350
16 years$4,785$4,050$3,413$2,864$2,396$2,053
17 years$4,457$3,730$3,106$2,574$2,124$1,799
18 years$4,165$3,447$2,835$2,319$1,889$1,581
19 years$3,905$3,194$2,595$2,096$1,683$1,392
20 years$3,671$2,968$2,382$1,898$1,504$1,229
21 years$3,459$2,765$2,191$1,723$1,346$1,086
22 years$3,267$2,581$2,019$1,566$1,206$961
23 years$3,092$2,414$1,864$1,426$1,083$852
24 years$2,932$2,262$1,724$1,301$973$756
25 years$2,784$2,122$1,597$1,188$876$672
26 years$2,649$1,995$1,481$1,086$789$597
27 years$2,523$1,877$1,375$994$711$531
28 years$2,407$1,769$1,279$911$642$473
29 years$2,299$1,669$1,190$835$579$421
30 years$2,198$1,576$1,108$767$524$375
31 years$2,104$1,490$1,033$704$473$335
32 years$2,017$1,410$964$647$428$299
33 years$1,934$1,335$900$595$387$267
34 years$1,857$1,265$841$548$351$238
35 years$1,784$1,200$786$504$318$213
36 years$1,715$1,139$736$464$288$190
37 years$1,651$1,082$688$428$261$170
38 years$1,589$1,028$645$394$237$152
39 years$1,531$978$604$364$215$136
40 years$1,477$930$566$335$195$121
41 years$1,424$885$531$309$177$108
42 years$1,375$843$498$285$160$97
43 years$1,328$803$467$264$145$87
44 years$1,283$766$439$243$132$77
45 years$1,241$730$412$225$120$69
46 years$1,200$697$387$208$109$62
47 years$1,161$665$363$192$99$55
48 years$1,124$635$341$177$90$50
49 years$1,088$606$321$164$81$44
50 years$1,054$579$302$151$74$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,080,000, adding $2,946 every year, while hoping to spend $40,630 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: 80/8/12 Blend
49$1,080,000$1,080,000$1,080,000$1,080,000
50$1,193,199$1,135,959$1,119,219$1,285,787
51$1,271,675$1,148,391$1,113,483$1,359,447
52$1,356,794$1,160,070$1,106,193$1,434,686
53$1,449,191$1,170,917$1,097,254$1,516,070
54$1,549,563$1,180,847$1,086,566$1,604,196
55$1,658,679$1,189,769$1,074,026$1,699,719
56$1,777,382$1,197,586$1,059,525$1,803,364
57$1,906,604$1,204,196$1,042,947$1,915,927
58$2,047,366$1,209,490$1,024,174$2,038,285
59$2,200,793$1,213,351$1,003,080$2,171,407
60$2,368,125$1,215,656$979,535$2,316,356
61$2,550,725$1,216,274$953,400$2,474,308
62$2,750,093$1,215,066$924,533$2,646,555
63$2,967,881$1,211,882$892,783$2,834,524
64$3,205,907$1,206,567$857,994$3,039,784
65$3,466,175$1,198,954$820,002$3,264,068
66$3,750,887$1,188,866$778,635$3,509,282
67$4,062,472$1,176,114$733,713$3,777,528
68$4,403,602$1,160,502$685,050$4,071,123
69$4,777,220$1,141,817$632,450$4,392,619
70$5,186,567$1,119,836$575,708$4,744,831
71$5,635,212$1,094,324$514,610$5,130,859
72$6,127,088$1,065,030$448,933$5,554,119
73$6,666,523$1,031,689$378,445$6,018,379
74$7,258,286$994,019$302,900$6,527,788
75$7,907,630$951,725$222,046$7,086,922
76$8,620,341$904,492$135,617$7,700,822
77$9,402,791$851,987$43,336$8,375,044
78$10,262,001$793,860$0$9,115,712
79$11,205,705$729,739$0$9,936,637
80$12,242,421$659,230$0$10,844,577
81$13,381,535$581,920$0$11,842,216
82$14,633,386$497,368$0$12,938,633
83$16,009,364$405,111$0$14,143,831
84$17,522,017$304,661$0$15,468,830
85$19,185,172$195,498$0$16,925,776
86$21,014,061$77,078$0$18,528,051
87$23,025,463$0$0$20,290,401
88$25,237,870$0$0$22,233,581
89$27,671,652$0$0$24,378,696
90$30,349,255$0$0$26,738,746
91$33,295,409$0$0$29,335,535
92$36,537,362$0$0$32,193,084
93$40,105,138$0$0$35,337,860
94$44,031,817$0$0$38,799,027
95$48,353,850$0$0$42,608,720
96$53,111,401$0$0$46,802,345
97$58,348,723$0$0$51,418,918
98$64,114,581$0$0$56,501,427
99$70,462,707$0$0$62,097,242
100$77,452,307$0$0$68,258,559