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

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$98,269$97,394$96,540$95,706$94,892$91,308
2 years$48,648$47,742$46,864$46,013$45,187$41,617
3 years$32,110$31,200$30,324$29,481$28,668$25,226
4 years$23,842$22,935$22,068$21,239$20,447$17,157
5 years$18,883$17,982$17,126$16,314$15,543$12,416
6 years$15,578$14,683$13,840$13,046$12,299$9,335
7 years$13,218$12,331$11,501$10,726$10,002$7,202
8 years$11,449$10,570$9,754$8,998$8,298$5,658
9 years$10,074$9,203$8,401$7,664$6,988$4,505
10 years$8,975$8,112$7,324$6,607$5,954$3,623
11 years$8,076$7,222$6,448$5,750$5,121$2,937
12 years$7,327$6,482$5,723$5,043$4,437$2,395
13 years$6,694$5,858$5,113$4,452$3,870$1,963
14 years$6,152$5,324$4,594$3,952$3,392$1,615
15 years$5,682$4,864$4,148$3,525$2,987$1,333
16 years$5,272$4,463$3,760$3,156$2,640$1,103
17 years$4,910$4,110$3,422$2,836$2,340$914
18 years$4,589$3,798$3,124$2,556$2,081$759
19 years$4,302$3,520$2,860$2,309$1,855$632
20 years$4,044$3,271$2,624$2,091$1,657$526
21 years$3,811$3,046$2,414$1,898$1,483$438
22 years$3,600$2,844$2,225$1,726$1,329$366
23 years$3,407$2,660$2,054$1,572$1,193$305
24 years$3,230$2,492$1,900$1,433$1,072$255
25 years$3,068$2,339$1,760$1,309$965$213
26 years$2,919$2,198$1,632$1,197$869$178
27 years$2,780$2,069$1,515$1,096$784$149
28 years$2,652$1,949$1,409$1,004$707$125
29 years$2,533$1,839$1,311$921$638$104
30 years$2,422$1,737$1,221$845$577$87
31 years$2,319$1,642$1,138$776$522$73
32 years$2,222$1,553$1,062$713$472$61
33 years$2,131$1,471$992$656$427$51
34 years$2,046$1,394$927$603$387$43
35 years$1,966$1,322$866$555$350$36
36 years$1,890$1,255$810$512$317$30
37 years$1,819$1,192$759$471$288$25
38 years$1,751$1,133$710$434$261$21
39 years$1,687$1,077$666$401$236$18
40 years$1,627$1,025$624$369$214$15
41 years$1,570$976$585$341$195$12
42 years$1,515$929$549$315$176$10
43 years$1,463$885$515$290$160$9
44 years$1,414$844$483$268$145$7
45 years$1,367$805$454$248$132$6
46 years$1,322$768$426$229$120$5
47 years$1,279$733$400$211$109$4
48 years$1,238$699$376$195$99$4
49 years$1,199$668$354$180$90$3
50 years$1,162$638$333$167$82$3

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 $2,281 every year, while hoping to spend $31,825 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: 32/48/20 Blend
49$1,190,000$1,190,000$1,190,000$1,190,000
50$1,313,733$1,250,663$1,232,218$1,347,560
51$1,413,872$1,278,084$1,239,636$1,400,490
52$1,523,159$1,305,782$1,246,235$1,454,406
53$1,642,493$1,333,737$1,251,956$1,511,816
54$1,772,863$1,361,926$1,256,733$1,573,042
55$1,915,362$1,390,327$1,260,499$1,638,445
56$2,071,187$1,418,911$1,263,185$1,708,419
57$2,241,661$1,447,651$1,264,714$1,783,401
58$2,428,239$1,476,514$1,265,010$1,863,871
59$2,632,522$1,505,466$1,263,991$1,950,360
60$2,856,275$1,534,470$1,261,571$2,043,454
61$3,101,441$1,563,485$1,257,659$2,143,798
62$3,370,159$1,592,467$1,252,162$2,252,108
63$3,664,786$1,621,369$1,244,981$2,369,167
64$3,987,918$1,650,139$1,236,011$2,495,846
65$4,342,413$1,678,723$1,225,144$2,633,102
66$4,731,420$1,707,061$1,212,267$2,781,992
67$5,158,406$1,735,089$1,197,260$2,943,682
68$5,627,194$1,762,739$1,179,999$3,119,460
69$6,141,991$1,789,936$1,160,352$3,310,745
70$6,707,433$1,816,602$1,138,182$3,519,104
71$7,328,627$1,842,651$1,113,348$3,746,266
72$8,011,200$1,867,994$1,085,697$3,994,138
73$8,761,349$1,892,532$1,055,075$4,264,825
74$9,585,903$1,916,163$1,021,317$4,560,649
75$10,492,385$1,938,775$984,251$4,884,172
76$11,489,083$1,960,250$943,698$5,238,219
77$12,585,128$1,980,460$899,470$5,625,909
78$13,790,581$1,999,272$851,372$6,050,680
79$15,116,525$2,016,542$799,198$6,516,327
80$16,575,174$2,032,116$742,735$7,027,036
81$18,179,983$2,045,831$681,758$7,587,422
82$19,945,778$2,057,513$616,033$8,202,579
83$21,888,895$2,066,979$545,318$8,878,124
84$24,027,331$2,074,030$469,355$9,620,253
85$26,380,920$2,078,459$387,880$10,435,798
86$28,971,514$2,080,043$300,613$11,332,297
87$31,823,189$2,078,546$207,265$12,318,062
88$34,962,478$2,073,718$107,532$13,402,260
89$38,418,614$2,065,294$1,098$14,595,001
90$42,223,810$2,052,990$0$15,907,434
91$46,413,560$2,036,509$0$17,375,860
92$51,026,977$2,015,531$0$18,991,643
93$56,107,159$1,989,722$0$20,769,575
94$61,701,595$1,958,724$0$22,726,224
95$67,862,615$1,922,160$0$24,879,854
96$74,647,885$1,879,629$0$27,250,596
97$82,120,946$1,830,707$0$29,860,643
98$90,351,817$1,774,946$0$32,734,462
99$99,417,654$1,711,870$0$35,899,020
100$109,403,480$1,640,977$0$39,384,045