Can I retire at age 50 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$93,314$92,483$91,672$90,881$90,108$86,842
2 years$46,195$45,335$44,501$43,693$42,908$39,654
3 years$30,491$29,627$28,795$27,994$27,223$24,082
4 years$22,640$21,779$20,955$20,168$19,416$16,412
5 years$17,931$17,075$16,262$15,491$14,759$11,902
6 years$14,793$13,943$13,142$12,388$11,679$8,969
7 years$12,552$11,709$10,921$10,185$9,498$6,935
8 years$10,872$10,037$9,262$8,544$7,879$5,461
9 years$9,566$8,739$7,978$7,278$6,636$4,359
10 years$8,522$7,703$6,955$6,273$5,654$3,515
11 years$7,668$6,858$6,123$5,460$4,862$2,856
12 years$6,957$6,155$5,434$4,789$4,214$2,336
13 years$6,356$5,562$4,855$4,228$3,674$1,919
14 years$5,842$5,056$4,362$3,753$3,221$1,584
15 years$5,396$4,619$3,938$3,347$2,836$1,311
16 years$5,006$4,238$3,571$2,997$2,506$1,088
17 years$4,663$3,903$3,249$2,693$2,222$904
18 years$4,358$3,606$2,966$2,427$1,976$753
19 years$4,085$3,342$2,715$2,193$1,761$629
20 years$3,841$3,106$2,492$1,986$1,573$525
21 years$3,619$2,893$2,292$1,802$1,408$439
22 years$3,418$2,700$2,113$1,639$1,262$367
23 years$3,235$2,526$1,951$1,492$1,133$308
24 years$3,067$2,366$1,804$1,361$1,018$258
25 years$2,913$2,221$1,671$1,243$916$216
26 years$2,771$2,087$1,550$1,137$825$181
27 years$2,640$1,964$1,439$1,040$744$152
28 years$2,519$1,851$1,338$953$671$127
29 years$2,405$1,746$1,245$874$606$107
30 years$2,300$1,649$1,160$802$548$90
31 years$2,202$1,559$1,081$737$495$75
32 years$2,110$1,475$1,009$677$448$63
33 years$2,024$1,397$942$623$405$53
34 years$1,943$1,324$880$573$367$45
35 years$1,866$1,256$823$527$332$38
36 years$1,795$1,192$770$486$301$32
37 years$1,727$1,132$720$448$273$26
38 years$1,663$1,076$675$413$248$22
39 years$1,602$1,023$632$380$224$19
40 years$1,545$973$592$351$204$16
41 years$1,490$926$555$324$185$13
42 years$1,439$882$521$299$168$11
43 years$1,389$841$489$276$152$9
44 years$1,343$801$459$255$138$8
45 years$1,298$764$431$235$125$7
46 years$1,255$729$405$217$114$6
47 years$1,215$696$380$201$103$5
48 years$1,176$664$357$185$94$4
49 years$1,139$634$336$171$85$3
50 years$1,103$606$316$158$77$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,130,000, adding $5,897 every year, while hoping to spend $47,779 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: 56/39/5 Blend
49$1,130,000$1,130,000$1,130,000$1,130,000
50$1,251,343$1,191,453$1,173,938$1,319,853
51$1,328,143$1,198,997$1,162,428$1,374,174
52$1,411,176$1,205,310$1,148,932$1,427,426
53$1,501,026$1,210,281$1,133,331$1,484,230
54$1,598,338$1,213,791$1,115,504$1,544,931
55$1,703,817$1,215,716$1,095,323$1,609,906
56$1,818,243$1,215,923$1,072,652$1,679,574
57$1,942,470$1,214,269$1,047,352$1,754,399
58$2,077,439$1,210,606$1,019,276$1,834,892
59$2,224,185$1,204,773$988,270$1,921,618
60$2,383,848$1,196,602$954,172$2,015,205
61$2,557,679$1,185,914$916,815$2,116,341
62$2,747,057$1,172,519$876,024$2,225,792
63$2,953,499$1,156,215$831,613$2,344,402
64$3,178,675$1,136,789$783,391$2,473,104
65$3,424,423$1,114,014$731,157$2,612,930
66$3,692,764$1,087,651$674,702$2,765,019
67$3,985,927$1,057,447$613,805$2,930,630
68$4,306,362$1,023,132$548,238$3,111,156
69$4,656,768$984,423$477,761$3,308,131
70$5,040,117$941,018$402,125$3,523,256
71$5,459,681$892,600$321,068$3,758,405
72$5,919,063$838,832$234,318$4,015,651
73$6,422,230$779,358$141,591$4,297,282
74$6,973,553$713,801$42,589$4,605,825
75$7,577,842$641,764$0$4,944,071
76$8,240,398$562,826$0$5,318,468
77$8,967,057$476,544$0$5,731,696
78$9,764,249$382,447$0$6,185,257
79$10,639,055$280,039$0$6,683,318
80$11,599,275$168,798$0$7,230,479
81$12,653,502$48,169$0$7,831,816
82$13,811,199$0$0$8,492,931
83$15,082,792$0$0$9,255,381
84$16,479,769$0$0$10,115,829
85$18,014,780$0$0$11,061,409
86$19,701,766$0$0$12,100,722
87$21,556,083$0$0$13,243,243
88$23,594,650$0$0$14,499,411
89$25,836,106$0$0$15,880,726
90$28,300,986$0$0$17,399,861
91$31,011,917$0$0$19,070,775
92$33,993,825$0$0$20,908,851
93$37,274,178$0$0$22,931,035
94$40,883,235$0$0$25,156,001
95$44,854,339$0$0$27,604,322
96$49,224,228$0$0$30,298,668
97$54,033,380$0$0$33,264,016
98$59,326,397$0$0$36,527,889
99$65,152,421$0$0$40,120,612
100$71,565,605$0$0$44,075,599