Can I retire at age 50 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$93,314$92,483$91,672$90,881$90,108$88,908
2 years$46,195$45,335$44,501$43,693$42,908$41,702
3 years$30,491$29,627$28,795$27,994$27,223$26,047
4 years$22,640$21,779$20,955$20,168$19,416$18,279
5 years$17,931$17,075$16,262$15,491$14,759$13,665
6 years$14,793$13,943$13,142$12,388$11,679$10,629
7 years$12,552$11,709$10,921$10,185$9,498$8,493
8 years$10,872$10,037$9,262$8,544$7,879$6,918
9 years$9,566$8,739$7,978$7,278$6,636$5,719
10 years$8,522$7,703$6,955$6,273$5,654$4,780
11 years$7,668$6,858$6,123$5,460$4,862$4,031
12 years$6,957$6,155$5,434$4,789$4,214$3,424
13 years$6,356$5,562$4,855$4,228$3,674$2,925
14 years$5,842$5,056$4,362$3,753$3,221$2,511
15 years$5,396$4,619$3,938$3,347$2,836$2,164
16 years$5,006$4,238$3,571$2,997$2,506$1,872
17 years$4,663$3,903$3,249$2,693$2,222$1,623
18 years$4,358$3,606$2,966$2,427$1,976$1,411
19 years$4,085$3,342$2,715$2,193$1,761$1,229
20 years$3,841$3,106$2,492$1,986$1,573$1,073
21 years$3,619$2,893$2,292$1,802$1,408$938
22 years$3,418$2,700$2,113$1,639$1,262$821
23 years$3,235$2,526$1,951$1,492$1,133$719
24 years$3,067$2,366$1,804$1,361$1,018$631
25 years$2,913$2,221$1,671$1,243$916$554
26 years$2,771$2,087$1,550$1,137$825$487
27 years$2,640$1,964$1,439$1,040$744$428
28 years$2,519$1,851$1,338$953$671$376
29 years$2,405$1,746$1,245$874$606$331
30 years$2,300$1,649$1,160$802$548$292
31 years$2,202$1,559$1,081$737$495$257
32 years$2,110$1,475$1,009$677$448$226
33 years$2,024$1,397$942$623$405$199
34 years$1,943$1,324$880$573$367$176
35 years$1,866$1,256$823$527$332$155
36 years$1,795$1,192$770$486$301$137
37 years$1,727$1,132$720$448$273$121
38 years$1,663$1,076$675$413$248$106
39 years$1,602$1,023$632$380$224$94
40 years$1,545$973$592$351$204$83
41 years$1,490$926$555$324$185$73
42 years$1,439$882$521$299$168$65
43 years$1,389$841$489$276$152$57
44 years$1,343$801$459$255$138$50
45 years$1,298$764$431$235$125$44
46 years$1,255$729$405$217$114$39
47 years$1,215$696$380$201$103$35
48 years$1,176$664$357$185$94$31
49 years$1,139$634$336$171$85$27
50 years$1,103$606$316$158$77$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,130,000, adding $2,613 every year, while hoping to spend $46,187 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: 50/45/5 Blend
49$1,130,000$1,130,000$1,130,000$1,130,000
50$1,247,955$1,188,065$1,170,550$1,308,736
51$1,326,104$1,197,138$1,160,621$1,359,440
52$1,410,676$1,205,107$1,148,811$1,409,306
53$1,502,278$1,211,870$1,135,009$1,462,377
54$1,601,576$1,217,317$1,119,098$1,518,962
55$1,709,303$1,221,332$1,100,954$1,579,405
56$1,826,266$1,223,792$1,080,450$1,644,084
57$1,953,352$1,224,564$1,057,452$1,713,419
58$2,091,536$1,223,510$1,031,818$1,787,876
59$2,241,891$1,220,480$1,003,403$1,867,967
60$2,405,599$1,215,319$972,052$1,954,261
61$2,583,958$1,207,858$937,604$2,047,388
62$2,778,399$1,197,920$899,891$2,148,043
63$2,990,496$1,185,318$858,737$2,256,996
64$3,221,981$1,169,853$813,959$2,375,098
65$3,474,760$1,151,313$765,364$2,503,289
66$3,750,934$1,129,475$712,752$2,642,612
67$4,052,812$1,104,102$655,912$2,794,217
68$4,382,939$1,074,944$594,625$2,959,375
69$4,744,116$1,041,734$528,662$3,139,494
70$5,139,428$1,004,191$457,785$3,336,129
71$5,572,271$962,018$381,742$3,550,997
72$6,046,386$914,900$300,274$3,785,997
73$6,565,892$862,504$213,108$4,043,229
74$7,135,325$804,479$119,958$4,325,011
75$7,759,680$740,451$20,529$4,633,905
76$8,444,462$670,027$0$4,972,740
77$9,195,729$592,791$0$5,349,211
78$10,020,159$508,303$0$5,763,669
79$10,925,105$416,099$0$6,218,852
80$11,918,666$315,688$0$6,718,990
81$13,009,765$206,552$0$7,268,756
82$14,208,231$88,143$0$7,873,306
83$15,524,892$0$0$8,538,334
84$16,971,676$0$0$9,289,991
85$18,561,724$0$0$10,164,173
86$20,309,514$0$0$11,125,210
87$22,230,995$0$0$12,181,888
88$24,343,739$0$0$13,343,887
89$26,667,106$0$0$14,621,873
90$29,222,426$0$0$16,027,596
91$32,033,200$0$0$17,574,002
92$35,125,321$0$0$19,275,358
93$38,527,318$0$0$21,147,379
94$42,270,623$0$0$23,207,383
95$46,389,871$0$0$25,474,451
96$50,923,223$0$0$27,969,608
97$55,912,727$0$0$30,716,018
98$61,404,714$0$0$33,739,208
99$67,450,233$0$0$37,067,303
100$74,105,535$0$0$40,731,295