Can I retire at age 50 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$113,959$112,944$111,954$110,987$110,043$109,167
2 years$56,415$55,365$54,346$53,359$52,401$51,518
3 years$37,237$36,181$35,166$34,188$33,246$32,383
4 years$27,649$26,597$25,592$24,630$23,711$22,875
5 years$21,898$20,853$19,860$18,918$18,025$17,218
6 years$18,065$17,028$16,050$15,129$14,262$13,486
7 years$15,329$14,300$13,338$12,439$11,599$10,854
8 years$13,277$12,258$11,311$10,434$9,623$8,908
9 years$11,683$10,672$9,742$8,888$8,104$7,420
10 years$10,407$9,407$8,494$7,661$6,905$6,251
11 years$9,365$8,375$7,478$6,668$5,938$5,314
12 years$8,497$7,517$6,636$5,848$5,146$4,551
13 years$7,763$6,793$5,929$5,163$4,487$3,921
14 years$7,134$6,175$5,327$4,583$3,934$3,395
15 years$6,590$5,641$4,810$4,088$3,463$2,952
16 years$6,114$5,175$4,361$3,660$3,061$2,576
17 years$5,695$4,766$3,968$3,288$2,714$2,254
18 years$5,322$4,404$3,622$2,964$2,413$1,978
19 years$4,989$4,082$3,316$2,678$2,151$1,740
20 years$4,690$3,793$3,043$2,425$1,921$1,533
21 years$4,420$3,533$2,799$2,201$1,719$1,353
22 years$4,174$3,298$2,580$2,001$1,541$1,196
23 years$3,951$3,084$2,382$1,823$1,383$1,058
24 years$3,746$2,890$2,203$1,662$1,243$938
25 years$3,558$2,712$2,041$1,518$1,119$831
26 years$3,384$2,549$1,893$1,388$1,008$738
27 years$3,224$2,399$1,757$1,271$909$656
28 years$3,076$2,260$1,634$1,164$820$583
29 years$2,938$2,132$1,520$1,068$740$518
30 years$2,809$2,014$1,416$980$669$461
31 years$2,689$1,904$1,320$900$605$411
32 years$2,577$1,801$1,232$827$547$366
33 years$2,471$1,706$1,150$760$495$326
34 years$2,372$1,617$1,075$700$448$290
35 years$2,279$1,533$1,005$644$406$259
36 years$2,192$1,455$940$593$368$231
37 years$2,109$1,382$880$547$333$206
38 years$2,031$1,314$824$504$302$184
39 years$1,957$1,249$772$464$274$164
40 years$1,887$1,189$723$428$249$146
41 years$1,820$1,131$678$395$226$131
42 years$1,757$1,078$636$365$205$117
43 years$1,697$1,027$597$337$186$104
44 years$1,640$979$560$311$169$93
45 years$1,585$933$526$287$153$83
46 years$1,533$890$494$265$139$74
47 years$1,484$850$464$245$126$66
48 years$1,436$811$436$226$115$59
49 years$1,391$774$410$209$104$53
50 years$1,347$740$386$193$95$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,380,000, adding $3,716 every year, while hoping to spend $23,499 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: 79/5/16 Blend
49$1,380,000$1,380,000$1,380,000$1,380,000
50$1,524,593$1,451,453$1,430,063$1,639,545
51$1,655,099$1,497,571$1,452,967$1,761,916
52$1,798,129$1,545,162$1,475,851$1,892,785
53$1,954,935$1,594,272$1,498,690$2,035,722
54$2,126,898$1,644,951$1,521,455$2,191,925
55$2,315,536$1,697,248$1,544,119$2,362,717
56$2,522,524$1,751,217$1,566,650$2,549,552
57$2,749,705$1,806,910$1,589,016$2,754,032
58$2,999,110$1,864,384$1,611,183$2,977,923
59$3,272,975$1,923,695$1,633,114$3,223,169
60$3,573,766$1,984,903$1,654,771$3,491,912
61$3,904,196$2,048,069$1,676,111$3,786,511
62$4,267,256$2,113,256$1,697,093$4,109,567
63$4,666,240$2,180,530$1,717,670$4,463,944
64$5,104,778$2,249,957$1,737,793$4,852,796
65$5,586,868$2,321,608$1,757,412$5,279,601
66$6,116,915$2,395,553$1,776,472$5,748,187
67$6,699,773$2,471,868$1,794,916$6,262,775
68$7,340,789$2,550,629$1,812,685$6,828,014
69$8,045,854$2,631,915$1,829,715$7,449,028
70$8,821,460$2,715,807$1,845,939$8,131,459
71$9,674,757$2,802,390$1,861,286$8,881,527
72$10,613,627$2,891,751$1,875,684$9,706,085
73$11,646,750$2,983,980$1,889,053$10,612,684
74$12,783,694$3,079,171$1,901,311$11,609,642
75$14,034,999$3,177,418$1,912,373$12,706,127
76$15,412,279$3,278,822$1,922,148$13,912,241
77$16,928,331$3,383,484$1,930,540$15,239,114
78$18,597,257$3,491,511$1,937,449$16,699,012
79$20,434,594$3,603,011$1,942,770$18,305,450
80$22,457,462$3,718,099$1,946,392$20,073,319
81$24,684,727$3,836,889$1,948,200$22,019,032
82$27,137,175$3,959,503$1,948,071$24,160,671
83$29,837,714$4,086,065$1,945,878$26,518,164
84$32,811,582$4,216,705$1,941,487$29,113,468
85$36,086,594$4,351,553$1,934,757$31,970,781
86$39,693,396$4,490,749$1,925,541$35,116,768
87$43,665,760$4,634,433$1,913,684$38,580,810
88$48,040,900$4,782,752$1,899,024$42,395,287
89$52,859,822$4,935,858$1,881,393$46,595,879
90$58,167,716$5,093,907$1,860,611$51,221,904
91$64,014,374$5,257,060$1,836,493$56,316,690
92$70,454,669$5,425,484$1,808,844$61,927,985
93$77,549,065$5,599,352$1,777,460$68,108,402
94$85,364,191$5,778,843$1,742,127$74,915,922
95$93,973,472$5,964,139$1,702,621$82,414,441
96$103,457,817$6,155,433$1,658,710$90,674,366
97$113,906,385$6,352,920$1,610,148$99,773,290
98$125,417,427$6,556,804$1,556,678$109,796,715
99$138,099,212$6,767,294$1,498,034$120,838,865
100$152,071,049$6,984,609$1,433,936$133,003,574