Can I retire at age 50 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$95,792$94,938$94,106$93,293$92,500$89,325
2 years$47,422$46,538$45,683$44,853$44,048$40,881
3 years$31,300$30,413$29,560$28,738$27,946$24,887
4 years$23,241$22,357$21,512$20,704$19,931$17,004
5 years$18,407$17,528$16,694$15,902$15,151$12,363
6 years$15,185$14,313$13,491$12,717$11,989$9,342
7 years$12,885$12,020$11,211$10,456$9,750$7,244
8 years$11,161$10,303$9,508$8,771$8,089$5,722
9 years$9,820$8,971$8,189$7,471$6,812$4,581
10 years$8,748$7,908$7,140$6,440$5,804$3,705
11 years$7,872$7,040$6,286$5,605$4,992$3,021
12 years$7,142$6,318$5,578$4,916$4,326$2,479
13 years$6,525$5,710$4,984$4,340$3,772$2,044
14 years$5,997$5,190$4,478$3,853$3,307$1,692
15 years$5,539$4,741$4,043$3,436$2,911$1,405
16 years$5,139$4,350$3,666$3,077$2,573$1,170
17 years$4,787$4,006$3,336$2,764$2,281$977
18 years$4,474$3,702$3,045$2,491$2,029$817
19 years$4,194$3,431$2,788$2,251$1,808$684
20 years$3,942$3,188$2,558$2,039$1,615$574
21 years$3,715$2,970$2,353$1,850$1,445$481
22 years$3,509$2,772$2,169$1,682$1,295$404
23 years$3,321$2,593$2,002$1,532$1,163$340
24 years$3,149$2,429$1,852$1,397$1,045$286
25 years$2,991$2,280$1,715$1,276$941$241
26 years$2,845$2,143$1,591$1,167$847$203
27 years$2,710$2,016$1,477$1,068$764$171
28 years$2,585$1,900$1,373$979$689$144
29 years$2,469$1,792$1,278$897$622$121
30 years$2,361$1,693$1,190$824$562$102
31 years$2,260$1,600$1,110$756$508$86
32 years$2,166$1,514$1,035$695$460$73
33 years$2,077$1,434$967$639$416$61
34 years$1,994$1,359$903$588$377$52
35 years$1,916$1,289$844$541$341$44
36 years$1,842$1,223$790$499$309$37
37 years$1,773$1,162$739$459$280$31
38 years$1,707$1,104$692$423$254$26
39 years$1,645$1,050$649$390$230$22
40 years$1,586$999$608$360$209$19
41 years$1,530$951$570$332$190$16
42 years$1,477$906$535$307$172$13
43 years$1,426$863$502$283$156$11
44 years$1,378$823$471$261$142$9
45 years$1,332$784$442$241$129$8
46 years$1,289$748$415$223$117$7
47 years$1,247$714$390$206$106$6
48 years$1,207$682$367$190$96$5
49 years$1,169$651$345$176$87$4
50 years$1,133$622$324$163$79$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,160,000, adding $4,161 every year, while hoping to spend $58,530 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: 44/33/23 Blend
49$1,160,000$1,160,000$1,160,000$1,160,000
50$1,282,612$1,221,132$1,203,152$1,330,332
51$1,351,163$1,218,692$1,181,182$1,362,081
52$1,424,745$1,214,171$1,156,515$1,390,466
53$1,503,808$1,207,405$1,128,997$1,420,058
54$1,588,848$1,198,220$1,098,471$1,451,000
55$1,680,410$1,186,432$1,064,769$1,483,452
56$1,779,090$1,171,845$1,027,717$1,517,596
57$1,885,545$1,154,253$987,133$1,553,635
58$2,000,496$1,133,437$942,827$1,591,797
59$2,124,734$1,109,162$894,599$1,632,338
60$2,259,130$1,081,185$842,242$1,675,546
61$2,404,642$1,049,243$785,537$1,721,744
62$2,562,320$1,013,061$724,258$1,771,291
63$2,733,323$972,347$658,166$1,824,593
64$2,918,922$926,792$587,015$1,882,098
65$3,120,516$876,069$510,544$1,944,313
66$3,339,644$819,832$428,482$2,011,798
67$3,577,999$757,715$340,549$2,085,182
68$3,837,445$689,333$246,447$2,165,163
69$4,120,031$614,277$145,869$2,252,522
70$4,428,012$532,115$38,494$2,348,126
71$4,763,871$442,390$0$2,452,941
72$5,130,341$344,621$0$2,586,717
73$5,530,427$238,300$0$2,743,270
74$5,967,441$122,887$0$2,914,561
75$6,445,027$0$0$3,102,161
76$6,967,198$0$0$3,308,599
77$7,538,371$0$0$3,583,355
78$8,163,409$0$0$3,884,161
79$8,847,669$0$0$4,213,610
80$9,597,050$0$0$4,574,562
81$10,418,044$0$0$4,970,162
82$11,317,806$0$0$5,403,876
83$12,304,214$0$0$5,879,522
84$13,385,942$0$0$6,401,305
85$14,572,548$0$0$6,973,854
86$15,874,557$0$0$7,602,272
87$17,303,562$0$0$8,292,176
88$18,872,335$0$0$9,049,756
89$20,594,942$0$0$9,881,830
90$22,486,881$0$0$10,795,910
91$24,565,222$0$0$11,800,269
92$26,848,771$0$0$12,904,022
93$29,358,246$0$0$14,117,212
94$32,116,470$0$0$15,450,903
95$35,148,590$0$0$16,917,282
96$38,482,307$0$0$18,529,780
97$42,148,143$0$0$20,303,191
98$46,179,725$0$0$22,253,815
99$50,614,101$0$0$24,399,615
100$55,492,090$0$0$26,760,376