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%19.4%
1 years$96,618$95,757$94,917$94,098$93,297$89,773
2 years$47,830$46,940$46,076$45,239$44,427$40,918
3 years$31,570$30,676$29,814$28,985$28,187$24,802
4 years$23,442$22,550$21,697$20,882$20,103$16,869
5 years$18,566$17,679$16,838$16,040$15,282$12,207
6 years$15,316$14,436$13,608$12,827$12,092$9,178
7 years$12,996$12,124$11,308$10,546$9,834$7,081
8 years$11,257$10,392$9,590$8,847$8,158$5,563
9 years$9,905$9,048$8,260$7,535$6,870$4,429
10 years$8,824$7,976$7,201$6,496$5,854$3,562
11 years$7,940$7,100$6,340$5,653$5,035$2,888
12 years$7,204$6,373$5,626$4,958$4,363$2,355
13 years$6,581$5,759$5,027$4,378$3,805$1,930
14 years$6,048$5,235$4,517$3,886$3,335$1,588
15 years$5,587$4,782$4,078$3,466$2,936$1,310
16 years$5,184$4,388$3,697$3,103$2,595$1,084
17 years$4,828$4,041$3,364$2,788$2,301$899
18 years$4,512$3,734$3,071$2,513$2,046$747
19 years$4,230$3,461$2,812$2,270$1,824$621
20 years$3,976$3,216$2,580$2,056$1,629$517
21 years$3,747$2,995$2,373$1,866$1,458$431
22 years$3,539$2,796$2,187$1,697$1,307$360
23 years$3,350$2,615$2,020$1,545$1,173$300
24 years$3,176$2,450$1,868$1,409$1,054$251
25 years$3,016$2,299$1,730$1,287$949$209
26 years$2,869$2,161$1,605$1,177$855$175
27 years$2,734$2,034$1,490$1,077$770$146
28 years$2,608$1,916$1,385$987$695$122
29 years$2,491$1,808$1,289$905$628$102
30 years$2,382$1,707$1,201$831$567$86
31 years$2,280$1,614$1,119$763$513$72
32 years$2,185$1,527$1,044$701$464$60
33 years$2,095$1,446$975$645$420$50
34 years$2,011$1,371$911$593$380$42
35 years$1,933$1,300$852$546$344$35
36 years$1,858$1,234$797$503$312$29
37 years$1,788$1,172$746$463$283$25
38 years$1,722$1,114$698$427$256$21
39 years$1,659$1,059$654$394$232$17
40 years$1,600$1,008$613$363$211$14
41 years$1,543$959$575$335$191$12
42 years$1,490$914$539$309$174$10
43 years$1,439$870$506$286$157$9
44 years$1,390$830$475$264$143$7
45 years$1,344$791$446$243$130$6
46 years$1,300$755$419$225$118$5
47 years$1,258$720$394$208$107$4
48 years$1,218$688$370$192$97$4
49 years$1,179$657$348$177$88$3
50 years$1,142$627$327$164$80$2

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 $4,913 every year, while hoping to spend $41,091 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: 54/26/20 Blend
49$1,170,000$1,170,000$1,170,000$1,170,000
50$1,294,408$1,232,398$1,214,263$1,357,011
51$1,382,717$1,249,065$1,211,220$1,417,114
52$1,478,656$1,265,171$1,206,698$1,477,767
53$1,582,961$1,280,646$1,200,604$1,542,903
54$1,696,439$1,295,414$1,192,841$1,612,964
55$1,819,981$1,309,395$1,183,306$1,688,436
56$1,954,565$1,322,501$1,171,893$1,769,856
57$2,101,268$1,334,641$1,158,489$1,857,817
58$2,261,276$1,345,717$1,142,977$1,952,972
59$2,435,894$1,355,625$1,125,234$2,056,046
60$2,626,558$1,364,253$1,105,132$2,167,836
61$2,834,849$1,371,483$1,082,536$2,289,223
62$3,062,507$1,377,190$1,057,305$2,421,179
63$3,311,450$1,381,239$1,029,292$2,564,778
64$3,583,787$1,383,489$998,342$2,721,206
65$3,881,841$1,383,787$964,294$2,891,769
66$4,208,170$1,381,975$926,979$3,077,912
67$4,565,592$1,377,880$886,222$3,281,229
68$4,957,209$1,371,323$841,837$3,503,478
69$5,386,438$1,362,111$793,632$3,746,601
70$5,857,041$1,350,041$741,405$4,012,740
71$6,373,163$1,334,897$684,946$4,304,258
72$6,939,368$1,316,450$624,034$4,623,765
73$7,560,686$1,294,457$558,441$4,974,139
74$8,242,652$1,268,663$487,926$5,358,556
75$8,991,369$1,238,794$412,238$5,780,520
76$9,813,556$1,204,562$331,115$6,243,899
77$10,716,616$1,165,662$244,284$6,752,957
78$11,708,703$1,121,772$151,460$7,312,401
79$12,798,801$1,072,549$52,344$7,927,421
80$13,996,808$1,017,633$0$8,603,746
81$15,313,625$956,640$0$9,359,093
82$16,761,266$889,167$0$10,201,691
83$18,352,965$814,785$0$11,128,116
84$20,103,301$733,043$0$12,146,921
85$22,028,339$643,464$0$13,267,534
86$24,145,778$545,542$0$14,500,349
87$26,475,117$438,744$0$15,856,826
88$29,037,843$322,506$0$17,349,594
89$31,857,629$196,235$0$18,992,579
90$34,960,557$59,300$0$20,801,131
91$38,375,368$0$0$22,792,170
92$42,133,728$0$0$25,009,800
93$46,270,528$0$0$27,469,539
94$50,824,216$0$0$30,177,296
95$55,837,154$0$0$33,158,279
96$61,356,021$0$0$36,440,264
97$67,432,252$0$0$40,053,856
98$74,122,523$0$0$44,032,779
99$81,489,285$0$0$48,414,197
100$89,601,355$0$0$53,239,056