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

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$97,443$96,575$95,728$94,902$94,095$93,112
2 years$48,239$47,341$46,470$45,626$44,807$43,818
3 years$31,840$30,938$30,069$29,233$28,427$27,462
4 years$23,642$22,743$21,883$21,061$20,275$19,340
5 years$18,725$17,830$16,982$16,177$15,413$14,512
6 years$15,447$14,560$13,724$12,937$12,195$11,330
7 years$13,107$12,227$11,405$10,636$9,918$9,088
8 years$11,353$10,481$9,672$8,922$8,228$7,433
9 years$9,989$9,126$8,331$7,600$6,929$6,170
10 years$8,899$8,044$7,263$6,551$5,904$5,179
11 years$8,008$7,161$6,394$5,701$5,078$4,387
12 years$7,265$6,427$5,675$5,001$4,400$3,743
13 years$6,638$5,808$5,070$4,415$3,837$3,212
14 years$6,100$5,280$4,555$3,919$3,364$2,770
15 years$5,635$4,823$4,113$3,495$2,962$2,399
16 years$5,228$4,425$3,729$3,130$2,617$2,085
17 years$4,869$4,075$3,393$2,812$2,321$1,817
18 years$4,551$3,766$3,097$2,534$2,064$1,587
19 years$4,266$3,490$2,836$2,290$1,839$1,390
20 years$4,010$3,243$2,602$2,074$1,643$1,219
21 years$3,779$3,021$2,394$1,882$1,470$1,071
22 years$3,569$2,820$2,206$1,711$1,318$943
23 years$3,378$2,637$2,037$1,558$1,183$831
24 years$3,203$2,471$1,884$1,421$1,063$732
25 years$3,042$2,319$1,745$1,298$957$647
26 years$2,894$2,179$1,618$1,187$862$571
27 years$2,757$2,051$1,503$1,086$777$505
28 years$2,630$1,933$1,397$995$701$447
29 years$2,512$1,823$1,300$913$633$395
30 years$2,402$1,722$1,211$838$572$350
31 years$2,299$1,628$1,129$769$517$310
32 years$2,203$1,540$1,053$707$468$275
33 years$2,113$1,459$983$650$423$244
34 years$2,029$1,382$919$598$383$216
35 years$1,949$1,311$859$551$347$192
36 years$1,874$1,245$804$507$315$170
37 years$1,803$1,182$752$467$285$151
38 years$1,736$1,123$704$431$258$134
39 years$1,673$1,068$660$397$234$119
40 years$1,613$1,016$619$366$213$106
41 years$1,556$967$580$338$193$94
42 years$1,502$921$544$312$175$83
43 years$1,451$878$511$288$159$74
44 years$1,402$837$479$266$144$66
45 years$1,355$798$450$246$131$58
46 years$1,311$761$423$227$119$52
47 years$1,269$726$397$210$108$46
48 years$1,228$693$373$194$98$41
49 years$1,189$662$351$179$89$36
50 years$1,152$633$330$165$81$32

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 $2,628 every year, while hoping to spend $35,172 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: 71/6/23 Blend
49$1,180,000$1,180,000$1,180,000$1,180,000
50$1,303,071$1,240,531$1,222,241$1,387,935
51$1,398,561$1,263,894$1,225,763$1,468,290
52$1,502,613$1,287,223$1,228,225$1,551,854
53$1,616,062$1,310,480$1,229,553$1,642,499
54$1,739,829$1,333,622$1,229,671$1,740,925
55$1,874,926$1,356,603$1,228,499$1,847,903
56$2,022,468$1,379,377$1,225,954$1,964,283
57$2,183,683$1,401,890$1,221,947$2,090,999
58$2,359,922$1,424,086$1,216,386$2,229,086
59$2,552,673$1,445,905$1,209,173$2,379,678
60$2,763,574$1,467,283$1,200,209$2,544,031
61$2,994,428$1,488,149$1,189,386$2,723,526
62$3,247,222$1,508,431$1,176,592$2,919,686
63$3,524,143$1,528,048$1,161,712$3,134,190
64$3,827,600$1,546,916$1,144,624$3,368,888
65$4,160,244$1,564,945$1,125,198$3,625,820
66$4,524,999$1,582,037$1,103,302$3,907,234
67$4,925,082$1,598,090$1,078,796$4,215,607
68$5,364,037$1,612,993$1,051,532$4,553,673
69$5,845,768$1,626,629$1,021,358$4,924,440
70$6,374,576$1,638,873$988,112$5,331,229
71$6,955,197$1,649,592$951,628$5,777,697
72$7,592,849$1,658,644$911,730$6,267,877
73$8,293,281$1,665,879$868,235$6,806,213
74$9,062,825$1,671,136$820,950$7,397,604
75$9,908,456$1,674,245$769,675$8,047,451
76$10,837,861$1,675,025$714,201$8,761,704
77$11,859,505$1,673,284$654,309$9,546,925
78$12,982,717$1,668,817$589,770$10,410,346
79$14,217,772$1,661,408$520,346$11,359,935
80$15,575,995$1,650,826$445,787$12,404,480
81$17,069,858$1,636,828$365,833$13,553,662
82$18,713,106$1,619,155$280,211$14,818,156
83$20,520,883$1,597,534$188,638$16,209,724
84$22,509,872$1,571,672$90,817$17,741,333
85$24,698,458$1,541,263$0$19,427,274
86$27,106,896$1,505,980$0$21,286,629
87$29,757,504$1,465,478$0$23,357,429
88$32,674,874$1,419,391$0$25,636,580
89$35,886,102$1,367,332$0$28,145,258
90$39,421,044$1,308,891$0$30,906,797
91$43,312,600$1,243,636$0$33,946,910
92$47,597,018$1,171,107$0$37,293,929
93$52,314,242$1,090,820$0$40,979,076
94$57,508,287$1,002,262$0$45,036,756
95$63,227,651$904,892$0$49,504,881
96$69,525,776$798,136$0$54,425,227
97$76,461,551$681,390$0$59,843,832
98$84,099,864$554,014$0$65,811,425
99$92,512,222$415,332$0$72,383,910
100$101,777,417$264,632$0$79,622,891