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%14.9%
1 years$98,269$97,394$96,540$95,706$94,892$92,976
2 years$48,648$47,742$46,864$46,013$45,187$43,265
3 years$32,110$31,200$30,324$29,481$28,668$26,801
4 years$23,842$22,935$22,068$21,239$20,447$18,647
5 years$18,883$17,982$17,126$16,314$15,543$13,817
6 years$15,578$14,683$13,840$13,046$12,299$10,648
7 years$13,218$12,331$11,501$10,726$10,002$8,427
8 years$11,449$10,570$9,754$8,998$8,298$6,798
9 years$10,074$9,203$8,401$7,664$6,988$5,563
10 years$8,975$8,112$7,324$6,607$5,954$4,602
11 years$8,076$7,222$6,448$5,750$5,121$3,840
12 years$7,327$6,482$5,723$5,043$4,437$3,226
13 years$6,694$5,858$5,113$4,452$3,870$2,725
14 years$6,152$5,324$4,594$3,952$3,392$2,313
15 years$5,682$4,864$4,148$3,525$2,987$1,970
16 years$5,272$4,463$3,760$3,156$2,640$1,684
17 years$4,910$4,110$3,422$2,836$2,340$1,443
18 years$4,589$3,798$3,124$2,556$2,081$1,239
19 years$4,302$3,520$2,860$2,309$1,855$1,066
20 years$4,044$3,271$2,624$2,091$1,657$918
21 years$3,811$3,046$2,414$1,898$1,483$792
22 years$3,600$2,844$2,225$1,726$1,329$685
23 years$3,407$2,660$2,054$1,572$1,193$592
24 years$3,230$2,492$1,900$1,433$1,072$512
25 years$3,068$2,339$1,760$1,309$965$444
26 years$2,919$2,198$1,632$1,197$869$385
27 years$2,780$2,069$1,515$1,096$784$334
28 years$2,652$1,949$1,409$1,004$707$289
29 years$2,533$1,839$1,311$921$638$251
30 years$2,422$1,737$1,221$845$577$218
31 years$2,319$1,642$1,138$776$522$189
32 years$2,222$1,553$1,062$713$472$165
33 years$2,131$1,471$992$656$427$143
34 years$2,046$1,394$927$603$387$124
35 years$1,966$1,322$866$555$350$108
36 years$1,890$1,255$810$512$317$94
37 years$1,819$1,192$759$471$288$82
38 years$1,751$1,133$710$434$261$71
39 years$1,687$1,077$666$401$236$62
40 years$1,627$1,025$624$369$214$54
41 years$1,570$976$585$341$195$47
42 years$1,515$929$549$315$176$41
43 years$1,463$885$515$290$160$35
44 years$1,414$844$483$268$145$31
45 years$1,367$805$454$248$132$27
46 years$1,322$768$426$229$120$23
47 years$1,279$733$400$211$109$20
48 years$1,238$699$376$195$99$18
49 years$1,199$668$354$180$90$15
50 years$1,162$638$333$167$82$13

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 $6,065 every year, while hoping to spend $22,851 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: 55/27/18 Blend
49$1,190,000$1,190,000$1,190,000$1,190,000
50$1,317,636$1,254,566$1,236,121$1,383,434
51$1,427,722$1,291,726$1,253,218$1,466,166
52$1,548,270$1,329,942$1,270,121$1,553,257
53$1,680,324$1,369,240$1,286,801$1,647,588
54$1,825,034$1,409,649$1,303,225$1,749,858
55$1,983,662$1,451,197$1,319,359$1,860,835
56$2,157,604$1,493,914$1,335,166$1,981,366
57$2,348,394$1,537,830$1,350,608$2,112,382
58$2,557,722$1,582,975$1,365,645$2,254,909
59$2,787,449$1,629,381$1,380,234$2,410,076
60$3,039,628$1,677,079$1,394,330$2,579,127
61$3,316,516$1,726,102$1,407,886$2,763,432
62$3,620,602$1,776,482$1,420,852$2,964,498
63$3,954,628$1,828,254$1,433,175$3,183,988
64$4,321,613$1,881,452$1,444,799$3,423,732
65$4,724,885$1,936,110$1,455,667$3,685,743
66$5,168,108$1,992,264$1,465,717$3,972,244
67$5,655,320$2,049,951$1,474,883$4,285,679
68$6,190,970$2,109,205$1,483,099$4,628,742
69$6,779,958$2,170,066$1,490,293$5,004,402
70$7,427,685$2,232,571$1,496,389$5,415,927
71$8,140,100$2,296,757$1,501,309$5,866,921
72$8,923,757$2,362,665$1,504,969$6,361,350
73$9,785,877$2,430,333$1,507,283$6,903,588
74$10,734,419$2,499,802$1,508,159$7,498,452
75$11,778,149$2,571,112$1,507,502$8,151,250
76$12,926,728$2,644,303$1,505,211$8,867,829
77$14,190,798$2,719,418$1,501,180$9,654,632
78$15,582,089$2,796,499$1,495,298$10,518,760
79$17,113,521$2,875,587$1,487,450$11,468,034
80$18,799,335$2,956,725$1,477,514$12,511,076
81$20,655,219$3,039,956$1,465,362$13,657,382
82$22,698,461$3,125,324$1,450,862$14,917,419
83$24,948,111$3,212,871$1,433,872$16,302,718
84$27,425,159$3,302,643$1,414,248$17,825,987
85$30,152,734$3,394,681$1,391,834$19,501,230
86$33,156,324$3,489,032$1,366,472$21,343,876
87$36,464,012$3,585,738$1,337,992$23,370,929
88$40,106,746$3,684,843$1,306,219$25,601,125
89$44,118,625$3,786,391$1,270,968$28,055,111
90$48,537,227$3,890,427$1,232,048$30,755,639
91$53,403,960$3,996,994$1,189,257$33,727,781
92$58,764,451$4,106,134$1,142,385$36,999,167
93$64,668,981$4,217,890$1,091,211$40,600,241
94$71,172,956$4,332,305$1,035,505$44,564,555
95$78,337,429$4,449,420$975,026$48,929,081
96$86,229,682$4,569,277$909,524$53,734,563
97$94,923,851$4,691,913$838,736$59,025,898
98$104,501,637$4,817,370$762,386$64,852,564
99$115,053,066$4,945,683$680,188$71,269,084
100$126,677,348$5,076,891$591,843$78,335,544