Can I retire at age 50 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$102,398$101,486$100,596$99,727$98,879$95,714
2 years$50,692$49,748$48,833$47,946$47,085$43,926
3 years$33,459$32,511$31,598$30,719$29,873$26,818
4 years$24,844$23,899$22,995$22,132$21,306$18,379
5 years$19,677$18,737$17,845$16,999$16,196$13,405
6 years$16,233$15,300$14,422$13,594$12,815$10,163
7 years$13,774$12,849$11,985$11,177$10,422$7,908
8 years$11,930$11,014$10,164$9,376$8,646$6,268
9 years$10,497$9,590$8,754$7,986$7,282$5,036
10 years$9,352$8,453$7,632$6,884$6,204$4,089
11 years$8,415$7,525$6,719$5,991$5,336$3,347
12 years$7,635$6,754$5,963$5,255$4,624$2,757
13 years$6,975$6,104$5,328$4,640$4,032$2,283
14 years$6,410$5,548$4,787$4,118$3,535$1,898
15 years$5,921$5,068$4,322$3,673$3,112$1,583
16 years$5,494$4,650$3,918$3,289$2,750$1,324
17 years$5,117$4,283$3,566$2,955$2,439$1,110
18 years$4,782$3,957$3,255$2,663$2,168$932
19 years$4,483$3,668$2,980$2,406$1,933$784
20 years$4,214$3,408$2,735$2,179$1,726$661
21 years$3,971$3,174$2,515$1,978$1,545$557
22 years$3,751$2,963$2,318$1,798$1,385$470
23 years$3,550$2,771$2,141$1,638$1,243$397
24 years$3,366$2,597$1,980$1,494$1,117$336
25 years$3,197$2,437$1,834$1,364$1,005$284
26 years$3,041$2,290$1,701$1,247$906$240
27 years$2,897$2,155$1,579$1,142$817$203
28 years$2,764$2,031$1,468$1,046$737$172
29 years$2,640$1,916$1,366$959$665$146
30 years$2,524$1,810$1,272$880$601$123
31 years$2,416$1,711$1,186$809$543$105
32 years$2,315$1,619$1,107$743$492$89
33 years$2,221$1,533$1,033$683$445$75
34 years$2,132$1,453$966$629$403$64
35 years$2,048$1,378$903$579$365$54
36 years$1,969$1,308$844$533$331$46
37 years$1,895$1,242$790$491$300$39
38 years$1,825$1,180$740$453$272$33
39 years$1,758$1,123$693$417$246$28
40 years$1,695$1,068$650$385$223$24
41 years$1,635$1,017$609$355$203$20
42 years$1,579$968$572$328$184$17
43 years$1,525$922$536$303$167$14
44 years$1,473$879$504$279$152$12
45 years$1,424$839$473$258$138$10
46 years$1,378$800$444$238$125$9
47 years$1,333$763$417$220$113$7
48 years$1,290$729$392$203$103$6
49 years$1,250$696$369$188$94$5
50 years$1,211$665$346$174$85$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,240,000, adding $2,524 every year, while hoping to spend $55,405 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: 64/9/27 Blend
49$1,240,000$1,240,000$1,240,000$1,240,000
50$1,369,084$1,303,364$1,284,144$1,446,767
51$1,449,780$1,308,278$1,268,212$1,504,545
52$1,536,850$1,311,576$1,249,889$1,561,298
53$1,630,885$1,313,120$1,229,038$1,622,098
54$1,732,537$1,312,765$1,205,512$1,687,348
55$1,842,519$1,310,353$1,179,160$1,757,496
56$1,961,617$1,305,722$1,149,823$1,833,035
57$2,090,695$1,298,695$1,117,335$1,914,513
58$2,230,702$1,289,087$1,081,522$2,002,532
59$2,382,682$1,276,701$1,042,201$2,097,761
60$2,547,785$1,261,328$999,184$2,200,937
61$2,727,273$1,242,748$952,271$2,312,875
62$2,922,537$1,220,724$901,254$2,434,474
63$3,135,106$1,195,010$845,916$2,566,731
64$3,366,662$1,165,341$786,030$2,710,744
65$3,619,059$1,131,440$721,359$2,867,726
66$3,894,333$1,093,010$651,655$3,039,018
67$4,194,728$1,049,741$576,658$3,226,101
68$4,522,714$1,001,302$496,100$3,430,610
69$4,881,008$947,343$409,696$3,654,351
70$5,272,602$887,494$317,153$3,899,316
71$5,700,792$821,366$218,162$4,167,707
72$6,169,205$748,545$112,402$4,461,954
73$6,681,833$668,593$0$4,784,739
74$7,243,077$581,050$0$5,139,156
75$7,857,777$485,428$0$5,562,905
76$8,531,268$381,212$0$6,027,283
77$9,269,422$267,857$0$6,536,379
78$10,078,710$144,788$0$7,094,701
79$10,966,255$11,399$0$7,707,216
80$11,939,904$0$0$8,379,397
81$13,008,300$0$0$9,130,441
82$14,180,965$0$0$9,956,110
83$15,468,385$0$0$10,862,670
84$16,882,111$0$0$11,858,267
85$18,434,871$0$0$12,951,874
86$20,140,681$0$0$14,153,378
87$22,014,986$0$0$15,473,667
88$24,074,799$0$0$16,924,740
89$26,338,863$0$0$18,519,815
90$28,827,827$0$0$20,273,453
91$31,564,440$0$0$22,201,697
92$34,573,768$0$0$24,322,224
93$37,883,424$0$0$26,654,506
94$41,523,835$0$0$29,220,001
95$45,528,520$0$0$32,042,349
96$49,934,415$0$0$35,147,596
97$54,782,213$0$0$38,564,442
98$60,116,754$0$0$42,324,508
99$65,987,440$0$0$46,462,634
100$72,448,708$0$0$51,017,212