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%16.6%
1 years$93,314$92,483$91,672$90,881$90,108$87,681
2 years$46,195$45,335$44,501$43,693$42,908$40,480
3 years$30,491$29,627$28,795$27,994$27,223$24,870
4 years$22,640$21,779$20,955$20,168$19,416$17,156
5 years$17,931$17,075$16,262$15,491$14,759$12,599
6 years$14,793$13,943$13,142$12,388$11,679$9,620
7 years$12,552$11,709$10,921$10,185$9,498$7,541
8 years$10,872$10,037$9,262$8,544$7,879$6,023
9 years$9,566$8,739$7,978$7,278$6,636$4,878
10 years$8,522$7,703$6,955$6,273$5,654$3,993
11 years$7,668$6,858$6,123$5,460$4,862$3,296
12 years$6,957$6,155$5,434$4,789$4,214$2,738
13 years$6,356$5,562$4,855$4,228$3,674$2,287
14 years$5,842$5,056$4,362$3,753$3,221$1,919
15 years$5,396$4,619$3,938$3,347$2,836$1,615
16 years$5,006$4,238$3,571$2,997$2,506$1,364
17 years$4,663$3,903$3,249$2,693$2,222$1,154
18 years$4,358$3,606$2,966$2,427$1,976$979
19 years$4,085$3,342$2,715$2,193$1,761$832
20 years$3,841$3,106$2,492$1,986$1,573$707
21 years$3,619$2,893$2,292$1,802$1,408$603
22 years$3,418$2,700$2,113$1,639$1,262$514
23 years$3,235$2,526$1,951$1,492$1,133$438
24 years$3,067$2,366$1,804$1,361$1,018$374
25 years$2,913$2,221$1,671$1,243$916$320
26 years$2,771$2,087$1,550$1,137$825$273
27 years$2,640$1,964$1,439$1,040$744$234
28 years$2,519$1,851$1,338$953$671$200
29 years$2,405$1,746$1,245$874$606$171
30 years$2,300$1,649$1,160$802$548$147
31 years$2,202$1,559$1,081$737$495$126
32 years$2,110$1,475$1,009$677$448$108
33 years$2,024$1,397$942$623$405$92
34 years$1,943$1,324$880$573$367$79
35 years$1,866$1,256$823$527$332$68
36 years$1,795$1,192$770$486$301$58
37 years$1,727$1,132$720$448$273$50
38 years$1,663$1,076$675$413$248$43
39 years$1,602$1,023$632$380$224$37
40 years$1,545$973$592$351$204$31
41 years$1,490$926$555$324$185$27
42 years$1,439$882$521$299$168$23
43 years$1,389$841$489$276$152$20
44 years$1,343$801$459$255$138$17
45 years$1,298$764$431$235$125$15
46 years$1,255$729$405$217$114$12
47 years$1,215$696$380$201$103$11
48 years$1,176$664$357$185$94$9
49 years$1,139$634$336$171$85$8
50 years$1,103$606$316$158$77$7

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 $4,362 every year, while hoping to spend $57,423 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: 55/20/25 Blend
49$1,130,000$1,130,000$1,130,000$1,130,000
50$1,249,759$1,189,869$1,172,354$1,309,687
51$1,316,137$1,187,075$1,150,531$1,348,566
52$1,387,361$1,182,220$1,126,051$1,384,534
53$1,463,864$1,175,141$1,098,767$1,422,515
54$1,546,123$1,165,668$1,068,520$1,462,722
55$1,634,661$1,153,618$1,035,148$1,505,391
56$1,730,050$1,138,800$998,479$1,550,785
57$1,832,922$1,121,007$958,335$1,599,197
58$1,943,968$1,100,025$914,527$1,650,953
59$2,063,950$1,075,623$866,861$1,706,417
60$2,193,703$1,047,559$815,131$1,765,990
61$2,334,147$1,015,576$759,125$1,830,121
62$2,486,292$979,401$698,617$1,899,308
63$2,651,248$938,746$633,376$1,974,103
64$2,830,238$893,307$563,156$2,055,120
65$3,024,605$842,762$487,704$2,143,040
66$3,235,825$786,768$406,754$2,238,619
67$3,465,526$724,966$320,026$2,342,694
68$3,715,495$656,975$227,233$2,456,195
69$3,987,701$582,392$128,070$2,580,152
70$4,284,307$500,790$22,221$2,715,707
71$4,607,699$411,721$0$2,864,124
72$4,960,497$314,709$0$3,051,009
73$5,345,590$209,251$0$3,261,609
74$5,766,155$94,819$0$3,491,805
75$6,225,689$0$0$3,743,597
76$6,728,045$0$0$4,025,611
77$7,277,462$0$0$4,356,967
78$7,878,609$0$0$4,719,624
79$8,536,626$0$0$5,116,697
80$9,257,175$0$0$5,551,615
81$10,046,489$0$0$6,028,155
82$10,911,433$0$0$6,550,475
83$11,859,568$0$0$7,123,157
84$12,899,221$0$0$7,751,245
85$14,039,562$0$0$8,440,297
86$15,290,694$0$0$9,196,431
87$16,663,742$0$0$10,026,391
88$18,170,964$0$0$10,937,603
89$19,825,859$0$0$11,938,247
90$21,643,299$0$0$13,037,334
91$23,639,667$0$0$14,244,791
92$25,833,010$0$0$15,571,555
93$28,243,210$0$0$17,029,674
94$30,892,171$0$0$18,632,420
95$33,804,022$0$0$20,394,417
96$37,005,349$0$0$22,331,774
97$40,525,441$0$0$24,462,240
98$44,396,567$0$0$26,805,372
99$48,654,280$0$0$29,382,716
100$53,337,751$0$0$32,218,008