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%11.8%
1 years$95,792$94,938$94,106$93,293$92,500$91,802
2 years$47,422$46,538$45,683$44,853$44,048$43,344
3 years$31,300$30,413$29,560$28,738$27,946$27,258
4 years$23,241$22,357$21,512$20,704$19,931$19,264
5 years$18,407$17,528$16,694$15,902$15,151$14,508
6 years$15,185$14,313$13,491$12,717$11,989$11,370
7 years$12,885$12,020$11,211$10,456$9,750$9,155
8 years$11,161$10,303$9,508$8,771$8,089$7,518
9 years$9,820$8,971$8,189$7,471$6,812$6,266
10 years$8,748$7,908$7,140$6,440$5,804$5,282
11 years$7,872$7,040$6,286$5,605$4,992$4,493
12 years$7,142$6,318$5,578$4,916$4,326$3,850
13 years$6,525$5,710$4,984$4,340$3,772$3,320
14 years$5,997$5,190$4,478$3,853$3,307$2,876
15 years$5,539$4,741$4,043$3,436$2,911$2,502
16 years$5,139$4,350$3,666$3,077$2,573$2,185
17 years$4,787$4,006$3,336$2,764$2,281$1,914
18 years$4,474$3,702$3,045$2,491$2,029$1,680
19 years$4,194$3,431$2,788$2,251$1,808$1,479
20 years$3,942$3,188$2,558$2,039$1,615$1,304
21 years$3,715$2,970$2,353$1,850$1,445$1,152
22 years$3,509$2,772$2,169$1,682$1,295$1,019
23 years$3,321$2,593$2,002$1,532$1,163$902
24 years$3,149$2,429$1,852$1,397$1,045$800
25 years$2,991$2,280$1,715$1,276$941$710
26 years$2,845$2,143$1,591$1,167$847$631
27 years$2,710$2,016$1,477$1,068$764$561
28 years$2,585$1,900$1,373$979$689$499
29 years$2,469$1,792$1,278$897$622$444
30 years$2,361$1,693$1,190$824$562$395
31 years$2,260$1,600$1,110$756$508$352
32 years$2,166$1,514$1,035$695$460$314
33 years$2,077$1,434$967$639$416$280
34 years$1,994$1,359$903$588$377$250
35 years$1,916$1,289$844$541$341$223
36 years$1,842$1,223$790$499$309$199
37 years$1,773$1,162$739$459$280$178
38 years$1,707$1,104$692$423$254$159
39 years$1,645$1,050$649$390$230$142
40 years$1,586$999$608$360$209$127
41 years$1,530$951$570$332$190$113
42 years$1,477$906$535$307$172$101
43 years$1,426$863$502$283$156$90
44 years$1,378$823$471$261$142$81
45 years$1,332$784$442$241$129$72
46 years$1,289$748$415$223$117$64
47 years$1,247$714$390$206$106$58
48 years$1,207$682$367$190$96$51
49 years$1,169$651$345$176$87$46
50 years$1,133$622$324$163$79$41

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 $3,219 every year, while hoping to spend $56,931 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: 69/25/6 Blend
49$1,160,000$1,160,000$1,160,000$1,160,000
50$1,281,640$1,220,160$1,202,180$1,368,787
51$1,351,794$1,219,374$1,181,879$1,426,073
52$1,427,194$1,216,641$1,158,990$1,481,432
53$1,508,318$1,211,806$1,133,366$1,540,426
54$1,595,685$1,204,704$1,104,853$1,603,400
55$1,689,871$1,195,160$1,073,291$1,670,733
56$1,791,503$1,182,988$1,038,511$1,742,846
57$1,901,273$1,167,991$1,000,338$1,820,202
58$2,019,941$1,149,962$958,588$1,903,313
59$2,148,343$1,128,678$913,069$1,992,743
60$2,287,397$1,103,905$863,579$2,089,118
61$2,438,111$1,075,397$809,909$2,193,128
62$2,601,597$1,042,889$751,839$2,305,533
63$2,779,074$1,006,105$689,140$2,427,176
64$2,971,886$964,750$621,572$2,558,985
65$3,181,508$918,513$548,885$2,701,987
66$3,409,567$867,065$470,818$2,857,314
67$3,657,849$810,058$387,097$3,026,218
68$3,928,322$747,123$297,437$3,210,081
69$4,223,151$677,872$201,541$3,410,429
70$4,544,717$601,893$99,097$3,628,946
71$4,895,644$518,751$0$3,867,492
72$5,278,817$427,987$0$4,128,776
73$5,697,414$329,116$0$4,421,222
74$6,154,933$221,625$0$4,741,006
75$6,655,224$104,973$0$5,090,914
76$7,202,529$0$0$5,474,021
77$7,801,516$0$0$5,899,607
78$8,457,326$0$0$6,397,248
79$9,175,620$0$0$6,942,368
80$9,962,634$0$0$7,539,708
81$10,825,232$0$0$8,194,486
82$11,770,977$0$0$8,912,453
83$12,808,197$0$0$9,699,939
84$13,946,067$0$0$10,563,918
85$15,194,689$0$0$11,512,073
86$16,565,194$0$0$12,552,865
87$18,069,840$0$0$13,695,614
88$19,722,133$0$0$14,950,588
89$21,536,948$0$0$16,329,097
90$23,530,674$0$0$17,843,601
91$25,721,364$0$0$19,507,825
92$28,128,907$0$0$21,336,892
93$30,775,215$0$0$23,347,461
94$33,684,427$0$0$25,557,885
95$36,883,137$0$0$27,988,386
96$40,400,647$0$0$30,661,240
97$44,269,240$0$0$33,600,995
98$48,524,482$0$0$36,834,691
99$53,205,562$0$0$40,392,127
100$58,355,656$0$0$44,306,130