Can I retire at age 50 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$97,443$96,575$95,728$94,902$94,095$91,895
2 years$48,239$47,341$46,470$45,626$44,807$42,603
3 years$31,840$30,938$30,069$29,233$28,427$26,288
4 years$23,642$22,743$21,883$21,061$20,275$18,217
5 years$18,725$17,830$16,982$16,177$15,413$13,442
6 years$15,447$14,560$13,724$12,937$12,195$10,314
7 years$13,107$12,227$11,405$10,636$9,918$8,126
8 years$11,353$10,481$9,672$8,922$8,228$6,525
9 years$9,989$9,126$8,331$7,600$6,929$5,313
10 years$8,899$8,044$7,263$6,551$5,904$4,374
11 years$8,008$7,161$6,394$5,701$5,078$3,631
12 years$7,265$6,427$5,675$5,001$4,400$3,035
13 years$6,638$5,808$5,070$4,415$3,837$2,550
14 years$6,100$5,280$4,555$3,919$3,364$2,152
15 years$5,635$4,823$4,113$3,495$2,962$1,823
16 years$5,228$4,425$3,729$3,130$2,617$1,549
17 years$4,869$4,075$3,393$2,812$2,321$1,320
18 years$4,551$3,766$3,097$2,534$2,064$1,127
19 years$4,266$3,490$2,836$2,290$1,839$964
20 years$4,010$3,243$2,602$2,074$1,643$825
21 years$3,779$3,021$2,394$1,882$1,470$708
22 years$3,569$2,820$2,206$1,711$1,318$608
23 years$3,378$2,637$2,037$1,558$1,183$522
24 years$3,203$2,471$1,884$1,421$1,063$449
25 years$3,042$2,319$1,745$1,298$957$387
26 years$2,894$2,179$1,618$1,187$862$333
27 years$2,757$2,051$1,503$1,086$777$287
28 years$2,630$1,933$1,397$995$701$247
29 years$2,512$1,823$1,300$913$633$213
30 years$2,402$1,722$1,211$838$572$184
31 years$2,299$1,628$1,129$769$517$159
32 years$2,203$1,540$1,053$707$468$137
33 years$2,113$1,459$983$650$423$118
34 years$2,029$1,382$919$598$383$102
35 years$1,949$1,311$859$551$347$88
36 years$1,874$1,245$804$507$315$76
37 years$1,803$1,182$752$467$285$66
38 years$1,736$1,123$704$431$258$57
39 years$1,673$1,068$660$397$234$49
40 years$1,613$1,016$619$366$213$42
41 years$1,556$967$580$338$193$37
42 years$1,502$921$544$312$175$32
43 years$1,451$878$511$288$159$27
44 years$1,402$837$479$266$144$24
45 years$1,355$798$450$246$131$20
46 years$1,311$761$423$227$119$18
47 years$1,269$726$397$210$108$15
48 years$1,228$693$373$194$98$13
49 years$1,189$662$351$179$89$11
50 years$1,152$633$330$165$81$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,180,000, adding $3,392 every year, while hoping to spend $59,259 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: 45/34/21 Blend
49$1,180,000$1,180,000$1,180,000$1,180,000
50$1,303,859$1,241,319$1,223,029$1,354,509
51$1,373,801$1,239,092$1,200,949$1,388,239
52$1,448,892$1,234,771$1,176,144$1,418,689
53$1,529,593$1,228,189$1,148,459$1,450,495
54$1,616,412$1,219,171$1,117,733$1,483,811
55$1,709,907$1,207,531$1,083,798$1,518,811
56$1,810,691$1,193,073$1,046,478$1,555,689
57$1,919,435$1,175,587$1,005,588$1,594,666
58$2,036,878$1,154,852$960,937$1,635,986
59$2,163,833$1,130,633$912,322$1,679,926
60$2,301,192$1,102,682$859,532$1,726,793
61$2,449,936$1,070,736$802,349$1,776,933
62$2,611,144$1,034,516$740,542$1,830,732
63$2,786,001$993,728$673,871$1,888,621
64$2,975,812$948,059$602,084$1,951,080
65$3,182,011$897,181$524,921$2,018,648
66$3,406,177$840,743$442,106$2,091,922
67$3,650,045$778,378$353,355$2,171,571
68$3,915,525$709,694$258,368$2,258,338
69$4,204,720$634,280$156,834$2,353,050
70$4,519,941$551,699$48,428$2,456,629
71$4,863,735$461,492$0$2,570,099
72$5,238,902$363,172$0$2,709,670
73$5,648,527$256,224$0$2,874,098
74$6,096,005$140,107$0$3,054,008
75$6,585,072$14,247$0$3,251,049
76$7,119,843$0$0$3,467,046
77$7,704,848$0$0$3,749,645
78$8,345,075$0$0$4,064,892
79$9,046,017$0$0$4,410,176
80$9,813,721$0$0$4,788,495
81$10,654,850$0$0$5,203,149
82$11,576,738$0$0$5,657,775
83$12,587,463$0$0$6,156,375
84$13,695,925$0$0$6,703,360
85$14,911,923$0$0$7,303,587
86$16,246,251$0$0$7,962,406
87$17,710,800$0$0$8,685,712
88$19,318,667$0$0$9,479,995
89$21,084,280$0$0$10,352,409
90$23,023,531$0$0$11,310,830
91$25,153,928$0$0$12,363,938
92$27,494,759$0$0$13,521,294
93$30,067,271$0$0$14,793,432
94$32,894,873$0$0$16,191,957
95$36,003,354$0$0$17,729,653
96$39,421,125$0$0$19,420,607
97$43,179,491$0$0$21,280,338
98$47,312,937$0$0$23,325,945
99$51,859,464$0$0$25,576,266
100$56,860,935$0$0$28,052,059