Can I retire at age 50 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$98,269$97,394$96,540$95,706$94,892$94,176
2 years$48,648$47,742$46,864$46,013$45,187$44,465
3 years$32,110$31,200$30,324$29,481$28,668$27,963
4 years$23,842$22,935$22,068$21,239$20,447$19,763
5 years$18,883$17,982$17,126$16,314$15,543$14,883
6 years$15,578$14,683$13,840$13,046$12,299$11,664
7 years$13,218$12,331$11,501$10,726$10,002$9,392
8 years$11,449$10,570$9,754$8,998$8,298$7,713
9 years$10,074$9,203$8,401$7,664$6,988$6,428
10 years$8,975$8,112$7,324$6,607$5,954$5,419
11 years$8,076$7,222$6,448$5,750$5,121$4,610
12 years$7,327$6,482$5,723$5,043$4,437$3,950
13 years$6,694$5,858$5,113$4,452$3,870$3,405
14 years$6,152$5,324$4,594$3,952$3,392$2,951
15 years$5,682$4,864$4,148$3,525$2,987$2,567
16 years$5,272$4,463$3,760$3,156$2,640$2,242
17 years$4,910$4,110$3,422$2,836$2,340$1,963
18 years$4,589$3,798$3,124$2,556$2,081$1,724
19 years$4,302$3,520$2,860$2,309$1,855$1,517
20 years$4,044$3,271$2,624$2,091$1,657$1,338
21 years$3,811$3,046$2,414$1,898$1,483$1,181
22 years$3,600$2,844$2,225$1,726$1,329$1,045
23 years$3,407$2,660$2,054$1,572$1,193$926
24 years$3,230$2,492$1,900$1,433$1,072$821
25 years$3,068$2,339$1,760$1,309$965$728
26 years$2,919$2,198$1,632$1,197$869$647
27 years$2,780$2,069$1,515$1,096$784$575
28 years$2,652$1,949$1,409$1,004$707$512
29 years$2,533$1,839$1,311$921$638$455
30 years$2,422$1,737$1,221$845$577$406
31 years$2,319$1,642$1,138$776$522$361
32 years$2,222$1,553$1,062$713$472$322
33 years$2,131$1,471$992$656$427$287
34 years$2,046$1,394$927$603$387$256
35 years$1,966$1,322$866$555$350$229
36 years$1,890$1,255$810$512$317$204
37 years$1,819$1,192$759$471$288$182
38 years$1,751$1,133$710$434$261$163
39 years$1,687$1,077$666$401$236$145
40 years$1,627$1,025$624$369$214$130
41 years$1,570$976$585$341$195$116
42 years$1,515$929$549$315$176$104
43 years$1,463$885$515$290$160$93
44 years$1,414$844$483$268$145$83
45 years$1,367$805$454$248$132$74
46 years$1,322$768$426$229$120$66
47 years$1,279$733$400$211$109$59
48 years$1,238$699$376$195$99$53
49 years$1,199$668$354$180$90$47
50 years$1,162$638$333$167$82$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,190,000, adding $2,011 every year, while hoping to spend $45,672 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: 38/35/27 Blend
49$1,190,000$1,190,000$1,190,000$1,190,000
50$1,313,454$1,250,384$1,231,939$1,352,733
51$1,398,832$1,263,059$1,224,615$1,394,386
52$1,491,388$1,274,823$1,215,514$1,435,024
53$1,591,805$1,285,585$1,204,529$1,478,063
54$1,700,836$1,295,246$1,191,548$1,523,751
55$1,819,308$1,303,700$1,176,452$1,572,363
56$1,948,131$1,310,835$1,159,117$1,624,204
57$2,088,307$1,316,533$1,139,414$1,679,614
58$2,240,938$1,320,665$1,117,207$1,738,970
59$2,407,234$1,323,099$1,092,354$1,802,691
60$2,588,531$1,323,690$1,064,707$1,871,240
61$2,786,297$1,322,286$1,034,111$1,945,135
62$3,002,147$1,318,726$1,000,402$2,024,946
63$3,237,861$1,312,839$963,410$2,111,310
64$3,495,398$1,304,442$922,959$2,204,930
65$3,776,911$1,293,343$878,861$2,306,585
66$4,084,777$1,279,338$830,923$2,417,141
67$4,421,607$1,262,208$778,942$2,537,556
68$4,790,279$1,241,725$722,705$2,668,892
69$5,193,963$1,217,644$661,991$2,812,324
70$5,636,147$1,189,709$596,568$2,969,154
71$6,120,675$1,157,645$526,193$3,140,824
72$6,651,778$1,121,164$450,615$3,328,930
73$7,234,118$1,079,960$369,569$3,535,238
74$7,872,828$1,033,708$282,780$3,761,701
75$8,573,562$982,065$189,959$4,010,482
76$9,342,549$924,670$90,806$4,283,971
77$10,186,649$861,139$0$4,584,815
78$11,113,419$791,067$0$4,920,260
79$12,131,183$714,024$0$5,317,415
80$13,249,110$629,558$0$5,753,766
81$14,477,304$537,191$0$6,233,366
82$15,826,892$436,417$0$6,760,690
83$17,310,135$326,701$0$7,340,673
84$18,940,539$207,479$0$7,978,765
85$20,732,984$78,156$0$8,680,976
86$22,703,865$0$0$9,453,940
87$24,871,243$0$0$10,328,816
88$27,255,018$0$0$11,324,329
89$29,877,117$0$0$12,419,556
90$32,761,695$0$0$13,624,610
91$35,935,369$0$0$14,950,636
92$39,427,465$0$0$16,409,910
93$43,270,296$0$0$18,015,960
94$47,499,464$0$0$19,783,694
95$52,154,199$0$0$21,729,534
96$57,277,725$0$0$23,871,580
97$62,917,670$0$0$26,229,771
98$69,126,515$0$0$28,826,081
99$75,962,086$0$0$31,684,723
100$83,488,102$0$0$34,832,375