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%16.3%
1 years$96,618$95,757$94,917$94,098$93,297$90,894
2 years$47,830$46,940$46,076$45,239$44,427$42,022
3 years$31,570$30,676$29,814$28,985$28,187$25,855
4 years$23,442$22,550$21,697$20,882$20,103$17,862
5 years$18,566$17,679$16,838$16,040$15,282$13,139
6 years$15,316$14,436$13,608$12,827$12,092$10,048
7 years$12,996$12,124$11,308$10,546$9,834$7,890
8 years$11,257$10,392$9,590$8,847$8,158$6,313
9 years$9,905$9,048$8,260$7,535$6,870$5,122
10 years$8,824$7,976$7,201$6,496$5,854$4,201
11 years$7,940$7,100$6,340$5,653$5,035$3,474
12 years$7,204$6,373$5,626$4,958$4,363$2,892
13 years$6,581$5,759$5,027$4,378$3,805$2,421
14 years$6,048$5,235$4,517$3,886$3,335$2,035
15 years$5,587$4,782$4,078$3,466$2,936$1,716
16 years$5,184$4,388$3,697$3,103$2,595$1,452
17 years$4,828$4,041$3,364$2,788$2,301$1,232
18 years$4,512$3,734$3,071$2,513$2,046$1,047
19 years$4,230$3,461$2,812$2,270$1,824$891
20 years$3,976$3,216$2,580$2,056$1,629$760
21 years$3,747$2,995$2,373$1,866$1,458$649
22 years$3,539$2,796$2,187$1,697$1,307$555
23 years$3,350$2,615$2,020$1,545$1,173$474
24 years$3,176$2,450$1,868$1,409$1,054$406
25 years$3,016$2,299$1,730$1,287$949$348
26 years$2,869$2,161$1,605$1,177$855$298
27 years$2,734$2,034$1,490$1,077$770$256
28 years$2,608$1,916$1,385$987$695$219
29 years$2,491$1,808$1,289$905$628$188
30 years$2,382$1,707$1,201$831$567$161
31 years$2,280$1,614$1,119$763$513$139
32 years$2,185$1,527$1,044$701$464$119
33 years$2,095$1,446$975$645$420$102
34 years$2,011$1,371$911$593$380$88
35 years$1,933$1,300$852$546$344$75
36 years$1,858$1,234$797$503$312$65
37 years$1,788$1,172$746$463$283$56
38 years$1,722$1,114$698$427$256$48
39 years$1,659$1,059$654$394$232$41
40 years$1,600$1,008$613$363$211$35
41 years$1,543$959$575$335$191$30
42 years$1,490$914$539$309$174$26
43 years$1,439$870$506$286$157$22
44 years$1,390$830$475$264$143$19
45 years$1,344$791$446$243$130$17
46 years$1,300$755$419$225$118$14
47 years$1,258$720$394$208$107$12
48 years$1,218$688$370$192$97$11
49 years$1,179$657$348$177$88$9
50 years$1,142$627$327$164$80$8

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 $3,943 every year, while hoping to spend $45,387 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: 55/33/12 Blend
49$1,170,000$1,170,000$1,170,000$1,170,000
50$1,293,407$1,231,397$1,213,262$1,360,365
51$1,377,043$1,243,444$1,205,615$1,418,274
52$1,467,689$1,254,560$1,196,191$1,476,009
53$1,566,012$1,264,652$1,184,881$1,537,813
54$1,672,745$1,273,620$1,171,575$1,604,082
55$1,788,695$1,281,358$1,156,153$1,675,252
56$1,914,750$1,287,752$1,138,492$1,751,809
57$2,051,886$1,292,684$1,118,463$1,834,286
58$2,201,178$1,296,025$1,095,931$1,923,274
59$2,363,808$1,297,640$1,070,755$2,019,425
60$2,541,076$1,297,384$1,042,785$2,123,458
61$2,734,415$1,295,105$1,011,867$2,236,171
62$2,945,400$1,290,640$977,839$2,358,442
63$3,175,766$1,283,816$940,532$2,491,241
64$3,427,422$1,274,451$899,768$2,635,640
65$3,702,471$1,262,351$855,362$2,792,825
66$4,003,226$1,247,309$807,119$2,964,102
67$4,332,236$1,229,108$754,839$3,150,915
68$4,692,307$1,207,517$698,308$3,354,859
69$5,086,527$1,182,290$637,307$3,577,695
70$5,518,299$1,153,169$571,603$3,821,365
71$5,991,370$1,119,879$500,956$4,088,017
72$6,509,866$1,082,129$425,114$4,380,019
73$7,078,331$1,039,612$343,814$4,699,987
74$7,701,769$992,001$256,780$5,050,808
75$8,385,694$938,954$163,727$5,435,668
76$9,136,177$880,105$64,354$5,858,084
77$9,959,906$815,069$0$6,321,938
78$10,864,249$743,440$0$6,836,853
79$11,857,320$664,786$0$7,411,358
80$12,948,059$578,653$0$8,042,465
81$14,146,315$484,560$0$8,735,977
82$15,462,935$382,000$0$9,498,293
83$16,909,872$270,436$0$10,336,472
84$18,500,293$149,301$0$11,258,297
85$20,248,703$17,997$0$12,272,353
86$22,171,085$0$0$13,388,108
87$24,285,046$0$0$14,661,070
88$26,609,985$0$0$16,068,386
89$29,167,275$0$0$17,616,471
90$31,980,466$0$0$19,319,599
91$35,075,503$0$0$21,193,493
92$38,480,975$0$0$23,255,477
93$42,228,379$0$0$25,524,642
94$46,352,422$0$0$28,022,020
95$50,891,346$0$0$30,770,788
96$55,887,285$0$0$33,796,482
97$61,386,668$0$0$37,127,239
98$67,440,654$0$0$40,794,064
99$74,105,610$0$0$44,831,120
100$81,443,652$0$0$49,276,052