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%14.2%
1 years$95,792$94,938$94,106$93,293$92,500$90,893
2 years$47,422$46,538$45,683$44,853$44,048$42,434
3 years$31,300$30,413$29,560$28,738$27,946$26,375
4 years$23,241$22,357$21,512$20,704$19,931$18,416
5 years$18,407$17,528$16,694$15,902$15,151$13,696
6 years$15,185$14,313$13,491$12,717$11,989$10,595
7 years$12,885$12,020$11,211$10,456$9,750$8,418
8 years$11,161$10,303$9,508$8,771$8,089$6,819
9 years$9,820$8,971$8,189$7,471$6,812$5,603
10 years$8,748$7,908$7,140$6,440$5,804$4,655
11 years$7,872$7,040$6,286$5,605$4,992$3,901
12 years$7,142$6,318$5,578$4,916$4,326$3,292
13 years$6,525$5,710$4,984$4,340$3,772$2,794
14 years$5,997$5,190$4,478$3,853$3,307$2,383
15 years$5,539$4,741$4,043$3,436$2,911$2,040
16 years$5,139$4,350$3,666$3,077$2,573$1,752
17 years$4,787$4,006$3,336$2,764$2,281$1,508
18 years$4,474$3,702$3,045$2,491$2,029$1,302
19 years$4,194$3,431$2,788$2,251$1,808$1,126
20 years$3,942$3,188$2,558$2,039$1,615$975
21 years$3,715$2,970$2,353$1,850$1,445$846
22 years$3,509$2,772$2,169$1,682$1,295$735
23 years$3,321$2,593$2,002$1,532$1,163$639
24 years$3,149$2,429$1,852$1,397$1,045$556
25 years$2,991$2,280$1,715$1,276$941$484
26 years$2,845$2,143$1,591$1,167$847$422
27 years$2,710$2,016$1,477$1,068$764$368
28 years$2,585$1,900$1,373$979$689$321
29 years$2,469$1,792$1,278$897$622$280
30 years$2,361$1,693$1,190$824$562$245
31 years$2,260$1,600$1,110$756$508$214
32 years$2,166$1,514$1,035$695$460$187
33 years$2,077$1,434$967$639$416$163
34 years$1,994$1,359$903$588$377$143
35 years$1,916$1,289$844$541$341$125
36 years$1,842$1,223$790$499$309$109
37 years$1,773$1,162$739$459$280$96
38 years$1,707$1,104$692$423$254$84
39 years$1,645$1,050$649$390$230$73
40 years$1,586$999$608$360$209$64
41 years$1,530$951$570$332$190$56
42 years$1,477$906$535$307$172$49
43 years$1,426$863$502$283$156$43
44 years$1,378$823$471$261$142$38
45 years$1,332$784$442$241$129$33
46 years$1,289$748$415$223$117$29
47 years$1,247$714$390$206$106$25
48 years$1,207$682$367$190$96$22
49 years$1,169$651$345$176$87$19
50 years$1,133$622$324$163$79$17

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 $4,894 every year, while hoping to spend $48,892 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: 50/32/18 Blend
49$1,160,000$1,160,000$1,160,000$1,160,000
50$1,283,368$1,221,888$1,203,908$1,340,895
51$1,362,251$1,229,740$1,192,218$1,388,970
52$1,447,541$1,236,338$1,178,498$1,435,747
53$1,539,841$1,241,569$1,162,628$1,485,530
54$1,639,811$1,245,313$1,144,483$1,538,622
55$1,748,181$1,247,441$1,123,932$1,595,356
56$1,865,748$1,247,819$1,100,837$1,656,101
57$1,993,395$1,246,302$1,075,055$1,721,268
58$2,132,087$1,242,737$1,046,435$1,791,310
59$2,282,890$1,236,961$1,014,821$1,866,730
60$2,446,974$1,228,802$980,047$1,948,086
61$2,625,629$1,218,077$941,943$2,035,993
62$2,820,273$1,204,592$900,327$2,131,136
63$3,032,465$1,188,142$855,012$2,234,269
64$3,263,923$1,168,507$805,802$2,346,230
65$3,516,538$1,145,459$752,491$2,467,945
66$3,792,390$1,118,751$694,864$2,600,437
67$4,093,769$1,088,125$632,697$2,744,842
68$4,423,197$1,053,307$565,757$2,902,412
69$4,783,451$1,014,007$493,797$3,074,535
70$5,177,587$969,918$416,564$3,262,744
71$5,608,971$920,714$333,788$3,468,736
72$6,081,309$866,052$245,193$3,694,386
73$6,598,683$805,568$150,488$3,941,766
74$7,165,587$738,879$49,367$4,213,168
75$7,786,971$665,578$0$4,511,124
76$8,468,286$585,236$0$4,849,678
77$9,215,538$497,399$0$5,231,525
78$10,035,339$401,588$0$5,650,658
79$10,934,974$297,296$0$6,110,919
80$11,922,467$183,989$0$6,616,550
81$13,006,656$61,102$0$7,172,231
82$14,197,278$0$0$7,783,126
83$15,505,057$0$0$8,480,272
84$16,941,808$0$0$9,269,937
85$18,520,549$0$0$10,137,776
86$20,255,617$0$0$11,091,686
87$22,162,810$0$0$12,140,371
88$24,259,532$0$0$13,293,418
89$26,564,957$0$0$14,561,389
90$29,100,211$0$0$15,955,923
91$31,888,568$0$0$17,489,842
92$34,955,672$0$0$19,177,272
93$38,329,776$0$0$21,033,779
94$42,042,010$0$0$23,076,514
95$46,126,674$0$0$25,324,372
96$50,621,560$0$0$27,798,174
97$55,568,308$0$0$30,520,861
98$61,012,800$0$0$33,517,712
99$67,005,590$0$0$36,816,579
100$73,602,384$0$0$40,448,152