Can I retire at age 50 with 1,340,000?

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 $1,340,000?

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$110,656$109,670$108,709$107,770$106,853$103,433
2 years$54,780$53,760$52,771$51,813$50,883$47,468
3 years$36,157$35,133$34,146$33,197$32,282$28,981
4 years$26,848$25,826$24,850$23,916$23,024$19,861
5 years$21,263$20,248$19,285$18,370$17,502$14,486
6 years$17,542$16,534$15,585$14,691$13,849$10,982
7 years$14,885$13,885$12,951$12,078$11,263$8,545
8 years$12,893$11,902$10,983$10,132$9,344$6,773
9 years$11,344$10,363$9,460$8,630$7,869$5,443
10 years$10,106$9,135$8,248$7,439$6,705$4,419
11 years$9,093$8,132$7,261$6,474$5,766$3,617
12 years$8,250$7,299$6,444$5,679$4,997$2,980
13 years$7,538$6,596$5,757$5,014$4,357$2,467
14 years$6,927$5,996$5,173$4,451$3,820$2,051
15 years$6,399$5,477$4,670$3,969$3,363$1,711
16 years$5,937$5,025$4,234$3,554$2,972$1,431
17 years$5,529$4,628$3,853$3,193$2,635$1,200
18 years$5,168$4,276$3,517$2,878$2,343$1,008
19 years$4,845$3,963$3,220$2,600$2,089$848
20 years$4,554$3,683$2,955$2,355$1,866$714
21 years$4,292$3,430$2,718$2,137$1,670$602
22 years$4,053$3,202$2,505$1,943$1,496$508
23 years$3,836$2,995$2,313$1,770$1,343$429
24 years$3,637$2,806$2,139$1,614$1,207$363
25 years$3,455$2,633$1,981$1,474$1,086$307
26 years$3,286$2,475$1,838$1,348$979$260
27 years$3,131$2,329$1,706$1,234$882$220
28 years$2,987$2,195$1,586$1,130$796$186
29 years$2,853$2,071$1,476$1,037$719$158
30 years$2,728$1,955$1,375$951$650$133
31 years$2,611$1,849$1,282$874$587$113
32 years$2,502$1,749$1,196$803$531$96
33 years$2,400$1,656$1,117$738$481$81
34 years$2,304$1,570$1,043$679$435$69
35 years$2,213$1,489$976$625$394$58
36 years$2,128$1,413$913$576$357$49
37 years$2,048$1,342$854$531$324$42
38 years$1,972$1,276$800$489$294$36
39 years$1,900$1,213$749$451$266$30
40 years$1,832$1,154$702$416$241$26
41 years$1,767$1,099$659$384$219$22
42 years$1,706$1,046$618$354$199$18
43 years$1,648$997$580$327$180$16
44 years$1,592$950$544$302$164$13
45 years$1,539$906$511$279$149$11
46 years$1,489$864$480$258$135$10
47 years$1,441$825$451$238$123$8
48 years$1,394$788$424$220$111$7
49 years$1,350$752$398$203$101$6
50 years$1,308$718$374$188$92$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,340,000, adding $5,006 every year, while hoping to spend $41,374 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: 69/26/5 Blend
49$1,340,000$1,340,000$1,340,000$1,340,000
50$1,481,844$1,410,824$1,390,054$1,582,946
51$1,588,970$1,435,932$1,392,599$1,675,553
52$1,705,637$1,460,885$1,393,843$1,771,251
53$1,832,773$1,485,630$1,393,698$1,874,786
54$1,971,402$1,510,111$1,392,073$1,986,914
55$2,122,649$1,534,271$1,388,871$2,108,473
56$2,287,753$1,558,044$1,383,992$2,240,380
57$2,468,079$1,581,363$1,377,331$2,383,649
58$2,665,128$1,604,155$1,368,776$2,539,396
59$2,880,552$1,626,340$1,358,212$2,708,852
60$3,116,173$1,647,835$1,345,517$2,893,371
61$3,373,994$1,668,551$1,330,563$3,094,445
62$3,656,222$1,688,390$1,313,217$3,313,721
63$3,965,287$1,707,251$1,293,340$3,553,010
64$4,303,864$1,725,025$1,270,785$3,814,310
65$4,674,901$1,741,594$1,245,399$4,099,822
66$5,081,644$1,756,834$1,217,022$4,411,973
67$5,527,665$1,770,613$1,185,486$4,753,434
68$6,016,904$1,782,789$1,150,617$5,127,154
69$6,553,695$1,793,213$1,112,229$5,536,377
70$7,142,816$1,801,724$1,070,133$5,984,684
71$7,789,527$1,808,153$1,024,126$6,476,019
72$8,499,624$1,812,318$974,000$7,014,727
73$9,279,491$1,814,027$919,535$7,605,600
74$10,136,162$1,813,077$860,502$8,253,918
75$11,077,383$1,809,250$796,661$8,965,500
76$12,111,689$1,802,317$727,763$9,746,763
77$13,248,484$1,792,033$653,545$10,604,774
78$14,498,126$1,778,139$573,735$11,547,327
79$15,872,028$1,760,361$488,049$12,583,009
80$17,382,763$1,738,407$396,187$13,721,287
81$19,044,185$1,711,969$297,839$14,972,595
82$20,871,556$1,680,719$192,680$16,348,432
83$22,881,691$1,644,311$80,372$17,861,473
84$25,093,119$1,602,378$0$19,525,689
85$27,526,255$1,554,532$0$21,358,582
86$30,203,589$1,500,360$0$23,379,730
87$33,149,906$1,439,429$0$25,603,568
88$36,392,512$1,371,277$0$28,050,734
89$39,961,495$1,295,416$0$30,743,972
90$43,890,009$1,211,332$0$33,708,351
91$48,214,583$1,118,480$0$36,971,500
92$52,975,468$1,016,284$0$40,563,868
93$58,217,019$904,135$0$44,519,014
94$63,988,106$781,389$0$48,873,925
95$70,342,582$647,366$0$53,669,362
96$77,339,787$501,349$0$58,950,252
97$85,045,108$342,578$0$64,766,106
98$93,530,597$170,252$0$71,171,493
99$102,875,648$0$0$78,226,553
100$113,167,750$0$0$86,002,279