Can I retire at age 50 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$96,618$95,757$94,917$94,098$93,297$90,565
2 years$47,830$46,940$46,076$45,239$44,427$41,697
3 years$31,570$30,676$29,814$28,985$28,187$25,543
4 years$23,442$22,550$21,697$20,882$20,103$17,567
5 years$18,566$17,679$16,838$16,040$15,282$12,860
6 years$15,316$14,436$13,608$12,827$12,092$9,787
7 years$12,996$12,124$11,308$10,546$9,834$7,646
8 years$11,257$10,392$9,590$8,847$8,158$6,085
9 years$9,905$9,048$8,260$7,535$6,870$4,911
10 years$8,824$7,976$7,201$6,496$5,854$4,005
11 years$7,940$7,100$6,340$5,653$5,035$3,293
12 years$7,204$6,373$5,626$4,958$4,363$2,725
13 years$6,581$5,759$5,027$4,378$3,805$2,267
14 years$6,048$5,235$4,517$3,886$3,335$1,894
15 years$5,587$4,782$4,078$3,466$2,936$1,588
16 years$5,184$4,388$3,697$3,103$2,595$1,335
17 years$4,828$4,041$3,364$2,788$2,301$1,125
18 years$4,512$3,734$3,071$2,513$2,046$949
19 years$4,230$3,461$2,812$2,270$1,824$803
20 years$3,976$3,216$2,580$2,056$1,629$680
21 years$3,747$2,995$2,373$1,866$1,458$576
22 years$3,539$2,796$2,187$1,697$1,307$489
23 years$3,350$2,615$2,020$1,545$1,173$416
24 years$3,176$2,450$1,868$1,409$1,054$353
25 years$3,016$2,299$1,730$1,287$949$300
26 years$2,869$2,161$1,605$1,177$855$256
27 years$2,734$2,034$1,490$1,077$770$218
28 years$2,608$1,916$1,385$987$695$185
29 years$2,491$1,808$1,289$905$628$158
30 years$2,382$1,707$1,201$831$567$134
31 years$2,280$1,614$1,119$763$513$115
32 years$2,185$1,527$1,044$701$464$98
33 years$2,095$1,446$975$645$420$83
34 years$2,011$1,371$911$593$380$71
35 years$1,933$1,300$852$546$344$60
36 years$1,858$1,234$797$503$312$52
37 years$1,788$1,172$746$463$283$44
38 years$1,722$1,114$698$427$256$38
39 years$1,659$1,059$654$394$232$32
40 years$1,600$1,008$613$363$211$27
41 years$1,543$959$575$335$191$23
42 years$1,490$914$539$309$174$20
43 years$1,439$870$506$286$157$17
44 years$1,390$830$475$264$143$14
45 years$1,344$791$446$243$130$12
46 years$1,300$755$419$225$118$11
47 years$1,258$720$394$208$107$9
48 years$1,218$688$370$192$97$8
49 years$1,179$657$348$177$88$7
50 years$1,142$627$327$164$80$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,170,000, adding $6,888 every year, while hoping to spend $33,068 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: 78/9/13 Blend
49$1,170,000$1,170,000$1,170,000$1,170,000
50$1,296,445$1,234,435$1,216,300$1,393,704
51$1,393,498$1,259,738$1,221,862$1,483,998
52$1,499,343$1,285,173$1,226,502$1,578,100
53$1,614,840$1,310,711$1,230,154$1,680,380
54$1,740,939$1,336,321$1,232,749$1,791,640
55$1,878,683$1,361,969$1,234,215$1,912,766
56$2,029,223$1,387,620$1,234,476$2,044,731
57$2,193,824$1,413,233$1,233,451$2,188,610
58$2,373,879$1,438,767$1,231,056$2,345,585
59$2,570,923$1,464,174$1,227,204$2,516,959
60$2,786,644$1,489,406$1,221,803$2,704,166
61$3,022,904$1,514,409$1,214,756$2,908,789
62$3,281,752$1,539,127$1,205,961$3,132,569
63$3,565,442$1,563,496$1,195,313$3,377,427
64$3,876,462$1,587,452$1,182,701$3,645,475
65$4,217,546$1,610,922$1,168,007$3,939,046
66$4,591,711$1,633,832$1,151,109$4,260,707
67$5,002,275$1,656,100$1,131,881$4,613,286
68$5,452,897$1,677,638$1,110,189$4,999,902
69$5,947,604$1,698,354$1,085,892$5,423,990
70$6,490,834$1,718,148$1,058,844$5,889,335
71$7,087,476$1,736,914$1,028,892$6,400,108
72$7,742,915$1,754,539$995,876$6,960,907
73$8,463,082$1,770,902$959,628$7,576,797
74$9,254,514$1,785,874$919,973$8,253,360
75$10,124,411$1,799,317$876,728$8,996,746
76$11,080,703$1,811,087$829,702$9,813,736
77$12,132,131$1,821,026$778,693$10,711,800
78$13,288,323$1,828,970$723,493$11,699,168
79$14,559,885$1,834,743$663,884$12,784,915
80$15,958,506$1,838,158$599,636$13,979,037
81$17,497,061$1,839,016$530,512$15,292,552
82$19,189,740$1,837,106$456,262$16,737,603
83$21,052,172$1,832,203$376,626$18,327,569
84$23,101,583$1,824,070$291,332$20,077,197
85$25,356,949$1,812,454$200,096$22,002,737
86$27,839,181$1,797,088$102,623$24,122,099
87$30,571,320$1,777,687$0$26,455,019
88$33,578,752$1,753,951$0$29,023,440
89$36,889,450$1,725,560$0$31,866,343
90$40,534,238$1,692,177$0$34,995,939
91$44,547,079$1,653,442$0$38,441,389
92$48,965,398$1,608,978$0$42,234,825
93$53,830,433$1,558,382$0$46,411,656
94$59,187,624$1,501,230$0$51,010,900
95$65,087,043$1,437,072$0$56,075,554
96$71,583,865$1,365,431$0$61,652,998
97$78,738,888$1,285,806$0$67,795,446
98$86,619,107$1,197,663$0$74,560,434
99$95,298,347$1,100,440$0$82,011,364
100$104,857,959$993,542$0$90,218,105