Can I retire at age 50 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$108,179$107,215$106,275$105,357$104,461$101,895
2 years$53,554$52,556$51,590$50,653$49,743$47,173
3 years$35,348$34,346$33,382$32,454$31,559$29,066
4 years$26,247$25,248$24,294$23,381$22,508$20,111
5 years$20,787$19,795$18,853$17,959$17,110$14,816
6 years$17,149$16,164$15,236$14,362$13,539$11,350
7 years$14,551$13,574$12,661$11,808$11,011$8,927
8 years$12,604$11,636$10,738$9,905$9,135$7,155
9 years$11,090$10,131$9,248$8,437$7,693$5,816
10 years$9,880$8,930$8,063$7,273$6,554$4,779
11 years$8,890$7,950$7,098$6,329$5,637$3,960
12 years$8,066$7,135$6,300$5,552$4,885$3,303
13 years$7,369$6,448$5,628$4,901$4,260$2,770
14 years$6,772$5,861$5,057$4,351$3,734$2,333
15 years$6,255$5,354$4,566$3,880$3,288$1,972
16 years$5,804$4,913$4,140$3,474$2,906$1,672
17 years$5,406$4,524$3,767$3,122$2,576$1,422
18 years$5,052$4,181$3,439$2,813$2,291$1,211
19 years$4,736$3,875$3,148$2,542$2,042$1,033
20 years$4,452$3,600$2,889$2,302$1,824$883
21 years$4,196$3,354$2,657$2,089$1,632$756
22 years$3,963$3,131$2,449$1,900$1,463$647
23 years$3,750$2,928$2,261$1,730$1,313$555
24 years$3,556$2,743$2,091$1,578$1,180$476
25 years$3,377$2,574$1,937$1,441$1,062$409
26 years$3,213$2,420$1,797$1,318$957$351
27 years$3,061$2,277$1,668$1,206$863$302
28 years$2,920$2,146$1,551$1,105$778$260
29 years$2,789$2,024$1,443$1,013$703$223
30 years$2,667$1,912$1,344$930$635$192
31 years$2,553$1,807$1,253$854$574$165
32 years$2,446$1,710$1,169$785$519$142
33 years$2,346$1,619$1,092$722$470$123
34 years$2,252$1,535$1,020$664$426$106
35 years$2,164$1,456$954$611$385$91
36 years$2,081$1,382$892$563$349$78
37 years$2,002$1,312$835$519$317$67
38 years$1,928$1,247$782$478$287$58
39 years$1,858$1,186$733$441$260$50
40 years$1,791$1,128$687$407$236$43
41 years$1,728$1,074$644$375$214$37
42 years$1,668$1,023$604$346$194$32
43 years$1,611$975$567$320$176$28
44 years$1,556$929$532$295$160$24
45 years$1,505$886$500$273$145$21
46 years$1,455$845$469$252$132$18
47 years$1,408$806$441$233$120$15
48 years$1,363$770$414$215$109$13
49 years$1,320$735$389$199$99$11
50 years$1,279$702$366$184$90$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,310,000, adding $2,523 every year, while hoping to spend $57,849 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: 66/11/23 Blend
49$1,310,000$1,310,000$1,310,000$1,310,000
50$1,446,222$1,376,792$1,356,487$1,532,969
51$1,532,186$1,382,704$1,340,379$1,597,504
52$1,624,980$1,386,967$1,321,792$1,661,224
53$1,725,238$1,389,439$1,300,582$1,729,549
54$1,833,659$1,389,969$1,276,599$1,802,932
55$1,951,012$1,388,397$1,249,685$1,881,877
56$2,078,140$1,384,553$1,219,674$1,966,939
57$2,215,971$1,378,256$1,186,393$2,058,730
58$2,365,525$1,369,316$1,149,663$2,157,929
59$2,527,925$1,357,529$1,109,292$2,265,283
60$2,704,404$1,342,679$1,065,085$2,381,618
61$2,896,322$1,324,538$1,016,833$2,507,847
62$3,105,171$1,302,865$964,322$2,644,976
63$3,332,595$1,277,403$907,324$2,794,119
64$3,580,404$1,247,879$845,603$2,956,504
65$3,850,588$1,214,008$778,913$3,133,486
66$4,145,337$1,175,484$706,996$3,326,564
67$4,467,064$1,131,985$629,583$3,537,389
68$4,818,422$1,083,170$546,392$3,767,787
69$5,202,334$1,028,678$457,128$4,019,772
70$5,622,016$968,127$361,486$4,295,566
71$6,081,011$901,114$259,145$4,597,624
72$6,583,218$827,213$149,771$4,928,653
73$7,132,931$745,972$33,013$5,291,641
74$7,734,879$656,913$0$5,689,887
75$8,394,270$559,535$0$6,149,505
76$9,116,836$453,303$0$6,662,143
77$9,908,895$337,656$0$7,224,216
78$10,777,401$212,000$0$7,840,715
79$11,730,015$75,707$0$8,517,139
80$12,775,176$0$0$9,259,548
81$13,922,177$0$0$10,083,321
82$15,181,255$0$0$10,997,734
83$16,563,689$0$0$12,001,823
84$18,081,901$0$0$13,104,622
85$19,749,574$0$0$14,316,083
86$21,581,785$0$0$15,647,169
87$23,595,141$0$0$17,109,957
88$25,807,937$0$0$18,717,754
89$28,240,330$0$0$20,485,217
90$30,914,527$0$0$22,428,495
91$33,854,993$0$0$24,565,383
92$37,088,683$0$0$26,915,483
93$40,645,295$0$0$29,500,392
94$44,557,548$0$0$32,343,907
95$48,861,493$0$0$35,472,246
96$53,596,852$0$0$38,914,298
97$58,807,390$0$0$42,701,892
98$64,541,327$0$0$46,870,097
99$70,851,797$0$0$51,457,557
100$77,797,344$0$0$56,506,849