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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.8%
1 years$95,792$94,938$94,106$93,293$92,500$88,865
2 years$47,422$46,538$45,683$44,853$44,048$40,430
3 years$31,300$30,413$29,560$28,738$27,946$24,459
4 years$23,241$22,357$21,512$20,704$19,931$16,602
5 years$18,407$17,528$16,694$15,902$15,151$11,989
6 years$15,185$14,313$13,491$12,717$11,989$8,994
7 years$12,885$12,020$11,211$10,456$9,750$6,923
8 years$11,161$10,303$9,508$8,771$8,089$5,426
9 years$9,820$8,971$8,189$7,471$6,812$4,310
10 years$8,748$7,908$7,140$6,440$5,804$3,457
11 years$7,872$7,040$6,286$5,605$4,992$2,795
12 years$7,142$6,318$5,578$4,916$4,326$2,273
13 years$6,525$5,710$4,984$4,340$3,772$1,858
14 years$5,997$5,190$4,478$3,853$3,307$1,524
15 years$5,539$4,741$4,043$3,436$2,911$1,254
16 years$5,139$4,350$3,666$3,077$2,573$1,035
17 years$4,787$4,006$3,336$2,764$2,281$856
18 years$4,474$3,702$3,045$2,491$2,029$708
19 years$4,194$3,431$2,788$2,251$1,808$587
20 years$3,942$3,188$2,558$2,039$1,615$488
21 years$3,715$2,970$2,353$1,850$1,445$405
22 years$3,509$2,772$2,169$1,682$1,295$337
23 years$3,321$2,593$2,002$1,532$1,163$280
24 years$3,149$2,429$1,852$1,397$1,045$233
25 years$2,991$2,280$1,715$1,276$941$194
26 years$2,845$2,143$1,591$1,167$847$162
27 years$2,710$2,016$1,477$1,068$764$135
28 years$2,585$1,900$1,373$979$689$113
29 years$2,469$1,792$1,278$897$622$94
30 years$2,361$1,693$1,190$824$562$78
31 years$2,260$1,600$1,110$756$508$65
32 years$2,166$1,514$1,035$695$460$54
33 years$2,077$1,434$967$639$416$45
34 years$1,994$1,359$903$588$377$38
35 years$1,916$1,289$844$541$341$32
36 years$1,842$1,223$790$499$309$26
37 years$1,773$1,162$739$459$280$22
38 years$1,707$1,104$692$423$254$18
39 years$1,645$1,050$649$390$230$15
40 years$1,586$999$608$360$209$13
41 years$1,530$951$570$332$190$11
42 years$1,477$906$535$307$172$9
43 years$1,426$863$502$283$156$7
44 years$1,378$823$471$261$142$6
45 years$1,332$784$442$241$129$5
46 years$1,289$748$415$223$117$4
47 years$1,247$714$390$206$106$4
48 years$1,207$682$367$190$96$3
49 years$1,169$651$345$176$87$3
50 years$1,133$622$324$163$79$2

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 $3,835 every year, while hoping to spend $52,681 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: 48/47/5 Blend
49$1,160,000$1,160,000$1,160,000$1,160,000
50$1,282,276$1,220,796$1,202,816$1,342,026
51$1,357,016$1,224,563$1,187,058$1,387,023
52$1,437,614$1,226,748$1,169,007$1,429,931
53$1,524,611$1,227,220$1,148,529$1,475,258
54$1,618,604$1,225,836$1,125,487$1,523,242
55$1,720,246$1,222,446$1,099,736$1,574,147
56$1,830,256$1,216,892$1,071,122$1,628,269
57$1,949,426$1,209,004$1,039,489$1,685,933
58$2,078,625$1,198,602$1,004,669$1,747,503
59$2,218,808$1,185,497$966,488$1,813,381
60$2,371,027$1,169,486$924,766$1,884,016
61$2,536,438$1,150,357$879,312$1,959,904
62$2,716,313$1,127,884$829,928$2,041,596
63$2,912,052$1,101,825$776,406$2,129,704
64$3,125,195$1,071,928$718,529$2,224,905
65$3,357,436$1,037,923$656,070$2,327,953
66$3,610,640$999,527$588,794$2,439,682
67$3,886,859$956,438$516,452$2,561,015
68$4,188,352$908,337$438,787$2,692,978
69$4,517,606$854,888$355,529$2,836,706
70$4,877,359$795,734$266,396$2,993,458
71$5,270,623$730,498$171,094$3,164,626
72$5,700,717$658,783$69,316$3,351,753
73$6,171,295$580,168$0$3,556,549
74$6,686,377$494,207$0$3,783,000
75$7,250,396$400,431$0$4,035,188
76$7,868,227$298,343$0$4,311,745
77$8,545,243$187,418$0$4,615,255
78$9,287,360$67,104$0$4,948,574
79$10,101,094$0$0$5,314,860
80$10,993,621$0$0$5,750,284
81$11,972,846$0$0$6,266,210
82$13,047,475$0$0$6,832,537
83$14,227,097$0$0$7,454,335
84$15,522,278$0$0$8,137,190
85$16,944,654$0$0$8,887,256
86$18,507,044$0$0$9,711,310
87$20,223,570$0$0$10,616,821
88$22,109,790$0$0$11,612,016
89$24,182,841$0$0$12,705,957
90$26,461,605$0$0$13,908,629
91$28,966,885$0$0$15,231,034
92$31,721,599$0$0$16,685,292
93$34,750,997$0$0$18,284,756
94$38,082,897$0$0$20,044,139
95$41,747,952$0$0$21,979,650
96$45,779,931$0$0$24,109,150
97$50,216,043$0$0$26,452,318
98$55,097,285$0$0$29,030,836
99$60,468,828$0$0$31,868,595
100$66,380,446$0$0$34,991,918