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%18.9%
1 years$98,269$97,394$96,540$95,706$94,892$91,489
2 years$48,648$47,742$46,864$46,013$45,187$41,795
3 years$32,110$31,200$30,324$29,481$28,668$25,394
4 years$23,842$22,935$22,068$21,239$20,447$17,316
5 years$18,883$17,982$17,126$16,314$15,543$12,563
6 years$15,578$14,683$13,840$13,046$12,299$9,472
7 years$13,218$12,331$11,501$10,726$10,002$7,328
8 years$11,449$10,570$9,754$8,998$8,298$5,775
9 years$10,074$9,203$8,401$7,664$6,988$4,612
10 years$8,975$8,112$7,324$6,607$5,954$3,721
11 years$8,076$7,222$6,448$5,750$5,121$3,026
12 years$7,327$6,482$5,723$5,043$4,437$2,476
13 years$6,694$5,858$5,113$4,452$3,870$2,036
14 years$6,152$5,324$4,594$3,952$3,392$1,681
15 years$5,682$4,864$4,148$3,525$2,987$1,392
16 years$5,272$4,463$3,760$3,156$2,640$1,156
17 years$4,910$4,110$3,422$2,836$2,340$962
18 years$4,589$3,798$3,124$2,556$2,081$802
19 years$4,302$3,520$2,860$2,309$1,855$670
20 years$4,044$3,271$2,624$2,091$1,657$560
21 years$3,811$3,046$2,414$1,898$1,483$468
22 years$3,600$2,844$2,225$1,726$1,329$392
23 years$3,407$2,660$2,054$1,572$1,193$329
24 years$3,230$2,492$1,900$1,433$1,072$276
25 years$3,068$2,339$1,760$1,309$965$231
26 years$2,919$2,198$1,632$1,197$869$194
27 years$2,780$2,069$1,515$1,096$784$163
28 years$2,652$1,949$1,409$1,004$707$137
29 years$2,533$1,839$1,311$921$638$115
30 years$2,422$1,737$1,221$845$577$97
31 years$2,319$1,642$1,138$776$522$81
32 years$2,222$1,553$1,062$713$472$68
33 years$2,131$1,471$992$656$427$57
34 years$2,046$1,394$927$603$387$48
35 years$1,966$1,322$866$555$350$41
36 years$1,890$1,255$810$512$317$34
37 years$1,819$1,192$759$471$288$29
38 years$1,751$1,133$710$434$261$24
39 years$1,687$1,077$666$401$236$20
40 years$1,627$1,025$624$369$214$17
41 years$1,570$976$585$341$195$14
42 years$1,515$929$549$315$176$12
43 years$1,463$885$515$290$160$10
44 years$1,414$844$483$268$145$9
45 years$1,367$805$454$248$132$7
46 years$1,322$768$426$229$120$6
47 years$1,279$733$400$211$109$5
48 years$1,238$699$376$195$99$4
49 years$1,199$668$354$180$90$4
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 $2,152 every year, while hoping to spend $48,039 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: 49/31/20 Blend
49$1,190,000$1,190,000$1,190,000$1,190,000
50$1,313,600$1,250,530$1,232,085$1,370,490
51$1,396,474$1,260,693$1,222,247$1,420,344
52$1,486,191$1,269,743$1,210,469$1,469,414
53$1,583,399$1,277,577$1,196,635$1,521,712
54$1,688,808$1,284,081$1,180,626$1,577,560
55$1,803,202$1,289,137$1,162,312$1,637,316
56$1,927,442$1,292,618$1,141,563$1,701,377
57$2,062,474$1,294,389$1,118,238$1,770,182
58$2,209,340$1,294,308$1,092,193$1,844,216
59$2,369,186$1,292,222$1,063,275$1,924,018
60$2,543,273$1,287,971$1,031,324$2,010,183
61$2,732,988$1,281,383$996,175$2,103,370
62$2,939,859$1,272,276$957,652$2,204,310
63$3,165,565$1,260,459$915,575$2,313,810
64$3,411,958$1,245,726$869,752$2,432,762
65$3,681,074$1,227,862$819,984$2,562,156
66$3,975,153$1,206,638$766,063$2,703,084
67$4,296,665$1,181,809$707,773$2,856,756
68$4,648,326$1,153,120$644,885$3,024,508
69$5,033,130$1,120,296$577,162$3,207,818
70$5,454,369$1,083,051$504,357$3,408,320
71$5,915,672$1,041,078$426,211$3,627,821
72$6,421,035$994,055$342,453$3,868,318
73$6,974,856$941,639$252,801$4,132,016
74$7,581,981$883,470$156,960$4,421,354
75$8,247,748$819,164$54,623$4,739,026
76$8,978,034$748,318$0$5,088,009
77$9,779,312$670,505$0$5,483,239
78$10,658,715$585,273$0$5,929,896
79$11,624,097$492,145$0$6,420,398
80$12,684,112$390,617$0$6,959,251
81$13,848,290$280,155$0$7,551,429
82$15,127,132$160,199$0$8,202,419
83$16,532,204$30,154$0$8,918,273
84$18,076,251$0$0$9,705,668
85$19,773,309$0$0$10,609,698
86$21,638,846$0$0$11,614,925
87$23,689,901$0$0$12,720,260
88$25,945,246$0$0$13,935,839
89$28,425,563$0$0$15,272,827
90$31,153,641$0$0$16,743,528
91$34,154,586$0$0$18,361,495
92$37,456,060$0$0$20,141,665
93$41,088,542$0$0$22,100,491
94$45,085,615$0$0$24,256,105
95$49,484,279$0$0$26,628,486
96$54,325,305$0$0$29,239,644
97$59,653,615$0$0$32,113,834
98$65,518,707$0$0$35,277,782
99$71,975,122$0$0$38,760,935
100$79,082,956$0$0$42,595,741