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%16.5%
1 years$95,792$94,938$94,106$93,293$92,500$90,045
2 years$47,422$46,538$45,683$44,853$44,048$41,591
3 years$31,300$30,413$29,560$28,738$27,946$25,565
4 years$23,241$22,357$21,512$20,704$19,931$17,644
5 years$18,407$17,528$16,694$15,902$15,151$12,965
6 years$15,185$14,313$13,491$12,717$11,989$9,904
7 years$12,885$12,020$11,211$10,456$9,750$7,768
8 years$11,161$10,303$9,508$8,771$8,089$6,208
9 years$9,820$8,971$8,189$7,471$6,812$5,031
10 years$8,748$7,908$7,140$6,440$5,804$4,121
11 years$7,872$7,040$6,286$5,605$4,992$3,404
12 years$7,142$6,318$5,578$4,916$4,326$2,830
13 years$6,525$5,710$4,984$4,340$3,772$2,365
14 years$5,997$5,190$4,478$3,853$3,307$1,985
15 years$5,539$4,741$4,043$3,436$2,911$1,673
16 years$5,139$4,350$3,666$3,077$2,573$1,413
17 years$4,787$4,006$3,336$2,764$2,281$1,197
18 years$4,474$3,702$3,045$2,491$2,029$1,016
19 years$4,194$3,431$2,788$2,251$1,808$864
20 years$3,942$3,188$2,558$2,039$1,615$735
21 years$3,715$2,970$2,353$1,850$1,445$627
22 years$3,509$2,772$2,169$1,682$1,295$535
23 years$3,321$2,593$2,002$1,532$1,163$457
24 years$3,149$2,429$1,852$1,397$1,045$390
25 years$2,991$2,280$1,715$1,276$941$334
26 years$2,845$2,143$1,591$1,167$847$286
27 years$2,710$2,016$1,477$1,068$764$244
28 years$2,585$1,900$1,373$979$689$209
29 years$2,469$1,792$1,278$897$622$179
30 years$2,361$1,693$1,190$824$562$154
31 years$2,260$1,600$1,110$756$508$132
32 years$2,166$1,514$1,035$695$460$113
33 years$2,077$1,434$967$639$416$97
34 years$1,994$1,359$903$588$377$83
35 years$1,916$1,289$844$541$341$71
36 years$1,842$1,223$790$499$309$61
37 years$1,773$1,162$739$459$280$52
38 years$1,707$1,104$692$423$254$45
39 years$1,645$1,050$649$390$230$39
40 years$1,586$999$608$360$209$33
41 years$1,530$951$570$332$190$28
42 years$1,477$906$535$307$172$24
43 years$1,426$863$502$283$156$21
44 years$1,378$823$471$261$142$18
45 years$1,332$784$442$241$129$15
46 years$1,289$748$415$223$117$13
47 years$1,247$714$390$206$106$11
48 years$1,207$682$367$190$96$10
49 years$1,169$651$345$176$87$8
50 years$1,133$622$324$163$79$7

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 $6,318 every year, while hoping to spend $40,882 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: 37/46/17 Blend
49$1,160,000$1,160,000$1,160,000$1,160,000
50$1,284,837$1,223,357$1,205,377$1,325,547
51$1,372,392$1,239,803$1,202,259$1,371,935
52$1,467,508$1,255,685$1,197,666$1,417,664
53$1,570,912$1,270,932$1,191,507$1,466,195
54$1,683,406$1,285,468$1,183,682$1,517,798
55$1,805,870$1,299,213$1,174,092$1,572,779
56$1,939,274$1,312,080$1,162,630$1,631,470
57$2,084,685$1,323,977$1,149,184$1,694,244
58$2,243,278$1,334,807$1,133,636$1,761,512
59$2,416,345$1,344,466$1,115,866$1,833,729
60$2,605,309$1,352,841$1,095,744$1,911,399
61$2,811,736$1,359,815$1,073,136$1,995,080
62$3,037,349$1,365,263$1,047,903$2,085,391
63$3,284,049$1,369,051$1,019,898$2,183,014
64$3,553,923$1,371,036$988,966$2,288,707
65$3,849,274$1,371,067$954,947$2,403,307
66$4,172,636$1,368,985$917,674$2,527,741
67$4,526,799$1,364,619$876,970$2,663,033
68$4,914,836$1,357,789$832,651$2,810,318
69$5,340,131$1,348,303$784,527$2,970,848
70$5,806,412$1,335,957$732,396$3,146,011
71$6,317,783$1,320,536$676,049$3,337,339
72$6,878,766$1,301,812$615,266$3,546,528
73$7,494,342$1,279,542$549,819$3,775,452
74$8,169,995$1,253,471$479,469$4,026,181
75$8,911,769$1,223,325$403,965$4,301,004
76$9,726,320$1,188,818$323,048$4,602,451
77$10,620,980$1,149,645$236,445$4,933,318
78$11,603,826$1,105,484$143,872$5,296,692
79$12,683,756$1,055,993$45,032$5,695,985
80$13,870,575$1,000,812$0$6,134,965
81$15,175,080$939,559$0$6,628,761
82$16,609,172$871,830$0$7,180,434
83$18,185,956$797,199$0$7,786,947
84$19,919,876$715,215$0$8,453,969
85$21,826,844$625,400$0$9,187,758
86$23,924,388$527,251$0$9,995,218
87$26,231,825$420,236$0$10,883,969
88$28,770,436$303,792$0$11,862,414
89$31,563,669$177,326$0$12,939,828
90$34,637,359$40,211$0$14,126,442
91$38,019,972$0$0$15,433,543
92$41,742,874$0$0$16,928,360
93$45,840,626$0$0$18,596,283
94$50,351,308$0$0$20,432,483
95$55,316,880$0$0$22,454,065
96$60,783,576$0$0$24,679,880
97$66,802,344$0$0$27,130,696
98$73,429,320$0$0$29,829,399
99$80,726,361$0$0$32,801,208
100$88,761,628$0$0$36,073,912