Can I retire at age 50 with 1,330,000?

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 $1,330,000?

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$109,830$108,852$107,897$106,966$106,056$102,661
2 years$54,371$53,359$52,377$51,426$50,503$47,114
3 years$35,888$34,871$33,892$32,949$32,041$28,764
4 years$26,647$25,634$24,664$23,738$22,852$19,713
5 years$21,105$20,097$19,141$18,233$17,372$14,378
6 years$17,411$16,411$15,468$14,581$13,746$10,900
7 years$14,773$13,782$12,854$11,988$11,179$8,482
8 years$12,796$11,813$10,902$10,056$9,274$6,723
9 years$11,259$10,286$9,389$8,566$7,810$5,402
10 years$10,030$9,066$8,186$7,384$6,655$4,386
11 years$9,026$8,071$7,207$6,426$5,723$3,590
12 years$8,189$7,244$6,396$5,637$4,960$2,957
13 years$7,481$6,547$5,714$4,976$4,325$2,449
14 years$6,876$5,951$5,134$4,417$3,791$2,036
15 years$6,351$5,436$4,636$3,939$3,338$1,698
16 years$5,892$4,988$4,203$3,527$2,950$1,420
17 years$5,488$4,593$3,824$3,169$2,616$1,191
18 years$5,129$4,244$3,491$2,856$2,326$1,000
19 years$4,809$3,934$3,196$2,581$2,073$841
20 years$4,520$3,655$2,933$2,337$1,852$709
21 years$4,260$3,405$2,698$2,121$1,657$598
22 years$4,023$3,178$2,487$1,929$1,485$504
23 years$3,808$2,973$2,296$1,757$1,333$426
24 years$3,610$2,785$2,123$1,602$1,198$360
25 years$3,429$2,614$1,967$1,463$1,078$304
26 years$3,262$2,457$1,824$1,338$971$258
27 years$3,107$2,312$1,694$1,225$876$218
28 years$2,964$2,178$1,574$1,122$790$185
29 years$2,831$2,055$1,465$1,029$714$156
30 years$2,707$1,941$1,365$944$645$132
31 years$2,592$1,835$1,272$867$583$112
32 years$2,483$1,736$1,187$797$527$95
33 years$2,382$1,644$1,108$733$477$81
34 years$2,287$1,558$1,036$674$432$68
35 years$2,197$1,478$968$621$391$58
36 years$2,112$1,403$906$572$355$49
37 years$2,033$1,332$848$527$321$42
38 years$1,957$1,266$794$486$291$35
39 years$1,886$1,204$744$448$264$30
40 years$1,818$1,146$697$413$240$25
41 years$1,754$1,090$654$381$217$22
42 years$1,693$1,038$613$352$197$18
43 years$1,635$989$575$325$179$15
44 years$1,580$943$540$300$163$13
45 years$1,528$899$507$277$148$11
46 years$1,478$858$476$256$134$9
47 years$1,430$819$448$236$122$8
48 years$1,384$782$421$218$110$7
49 years$1,340$746$395$202$100$6
50 years$1,299$713$372$186$91$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,330,000, adding $2,595 every year, while hoping to spend $25,163 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: 56/37/7 Blend
49$1,330,000$1,330,000$1,330,000$1,330,000
50$1,468,337$1,397,847$1,377,232$1,548,114
51$1,591,334$1,439,568$1,396,596$1,643,898
52$1,726,033$1,482,490$1,415,765$1,745,135
53$1,873,602$1,526,646$1,434,707$1,854,779
54$2,035,326$1,572,068$1,453,386$1,973,632
55$2,212,620$1,618,789$1,471,765$2,102,579
56$2,407,043$1,666,846$1,489,804$2,242,593
57$2,620,312$1,716,272$1,507,464$2,394,744
58$2,854,319$1,767,105$1,524,699$2,560,209
59$3,111,147$1,819,380$1,541,464$2,740,287
60$3,393,090$1,873,136$1,557,709$2,936,403
61$3,702,677$1,928,412$1,573,384$3,150,130
62$4,042,692$1,985,245$1,588,434$3,383,196
63$4,416,201$2,043,678$1,602,802$3,637,508
64$4,826,586$2,103,750$1,616,428$3,915,160
65$5,277,567$2,165,503$1,629,247$4,218,464
66$5,773,246$2,228,980$1,641,195$4,549,960
67$6,318,142$2,294,225$1,652,200$4,912,450
68$6,917,232$2,361,281$1,662,188$5,309,017
69$7,576,001$2,430,195$1,671,082$5,743,058
70$8,300,489$2,501,011$1,678,800$6,218,313
71$9,097,356$2,573,777$1,685,256$6,738,903
72$9,973,934$2,648,541$1,690,360$7,309,366
73$10,938,306$2,725,350$1,694,018$7,934,702
74$11,999,376$2,804,254$1,696,130$8,620,416
75$13,166,953$2,885,304$1,696,591$9,372,576
76$14,451,848$2,968,549$1,695,293$10,197,865
77$15,865,971$3,054,043$1,692,120$11,103,643
78$17,422,446$3,141,837$1,686,952$12,098,023
79$19,135,733$3,231,984$1,679,662$13,189,939
80$21,021,765$3,324,539$1,670,118$14,389,236
81$23,098,100$3,419,555$1,658,181$15,706,760
82$25,384,082$3,517,090$1,643,706$17,154,460
83$27,901,028$3,617,197$1,626,541$18,745,502
84$30,672,428$3,719,935$1,606,525$20,494,392
85$33,724,164$3,825,360$1,583,491$22,417,114
86$37,084,756$3,933,530$1,557,266$24,531,277
87$40,785,631$4,044,503$1,527,664$26,856,285
88$44,861,420$4,158,338$1,494,495$29,413,519
89$49,350,282$4,275,094$1,457,558$32,226,536
90$54,294,268$4,394,830$1,416,644$35,321,295
91$59,739,713$4,517,607$1,371,531$38,726,397
92$65,737,678$4,643,484$1,321,991$42,473,360
93$72,344,428$4,772,521$1,267,784$46,596,912
94$79,621,963$4,904,778$1,208,659$51,135,321
95$87,638,607$5,040,316$1,144,352$56,130,754
96$96,469,647$5,179,193$1,074,591$61,629,678
97$106,198,048$5,321,471$999,087$67,683,293
98$116,915,234$5,467,208$917,541$74,348,021
99$128,721,950$5,616,463$829,640$81,686,034
100$141,729,213$5,769,295$735,058$89,765,842