Can I retire at age 50 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$97,443$96,575$95,728$94,902$94,095$92,689
2 years$48,239$47,341$46,470$45,626$44,807$43,394
3 years$31,840$30,938$30,069$29,233$28,427$27,051
4 years$23,642$22,743$21,883$21,061$20,275$18,945
5 years$18,725$17,830$16,982$16,177$15,413$14,134
6 years$15,447$14,560$13,724$12,937$12,195$10,969
7 years$13,107$12,227$11,405$10,636$9,918$8,745
8 years$11,353$10,481$9,672$8,922$8,228$7,108
9 years$9,989$9,126$8,331$7,600$6,929$5,861
10 years$8,899$8,044$7,263$6,551$5,904$4,887
11 years$8,008$7,161$6,394$5,701$5,078$4,112
12 years$7,265$6,427$5,675$5,001$4,400$3,483
13 years$6,638$5,808$5,070$4,415$3,837$2,968
14 years$6,100$5,280$4,555$3,919$3,364$2,541
15 years$5,635$4,823$4,113$3,495$2,962$2,184
16 years$5,228$4,425$3,729$3,130$2,617$1,884
17 years$4,869$4,075$3,393$2,812$2,321$1,629
18 years$4,551$3,766$3,097$2,534$2,064$1,412
19 years$4,266$3,490$2,836$2,290$1,839$1,227
20 years$4,010$3,243$2,602$2,074$1,643$1,067
21 years$3,779$3,021$2,394$1,882$1,470$930
22 years$3,569$2,820$2,206$1,711$1,318$812
23 years$3,378$2,637$2,037$1,558$1,183$709
24 years$3,203$2,471$1,884$1,421$1,063$620
25 years$3,042$2,319$1,745$1,298$957$543
26 years$2,894$2,179$1,618$1,187$862$475
27 years$2,757$2,051$1,503$1,086$777$416
28 years$2,630$1,933$1,397$995$701$365
29 years$2,512$1,823$1,300$913$633$320
30 years$2,402$1,722$1,211$838$572$281
31 years$2,299$1,628$1,129$769$517$247
32 years$2,203$1,540$1,053$707$468$217
33 years$2,113$1,459$983$650$423$190
34 years$2,029$1,382$919$598$383$167
35 years$1,949$1,311$859$551$347$147
36 years$1,874$1,245$804$507$315$129
37 years$1,803$1,182$752$467$285$114
38 years$1,736$1,123$704$431$258$100
39 years$1,673$1,068$660$397$234$88
40 years$1,613$1,016$619$366$213$77
41 years$1,556$967$580$338$193$68
42 years$1,502$921$544$312$175$60
43 years$1,451$878$511$288$159$53
44 years$1,402$837$479$266$144$46
45 years$1,355$798$450$246$131$41
46 years$1,311$761$423$227$119$36
47 years$1,269$726$397$210$108$32
48 years$1,228$693$373$194$98$28
49 years$1,189$662$351$179$89$24
50 years$1,152$633$330$165$81$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,180,000, adding $6,407 every year, while hoping to spend $58,727 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: 53/24/23 Blend
49$1,180,000$1,180,000$1,180,000$1,180,000
50$1,306,969$1,244,429$1,226,139$1,367,619
51$1,377,795$1,242,921$1,204,729$1,408,597
52$1,453,876$1,239,371$1,180,634$1,446,557
53$1,535,688$1,233,616$1,153,702$1,486,638
54$1,623,750$1,225,485$1,123,773$1,529,065
55$1,718,635$1,214,796$1,090,682$1,574,084
56$1,820,969$1,201,355$1,054,253$1,621,974
57$1,931,443$1,184,956$1,014,306$1,673,043
58$2,050,815$1,165,384$970,649$1,727,632
59$2,179,917$1,142,406$923,085$1,786,124
60$2,319,665$1,115,781$871,405$1,848,943
61$2,471,065$1,085,248$815,391$1,916,560
62$2,635,224$1,050,536$754,817$1,989,498
63$2,813,358$1,011,354$689,445$2,068,339
64$3,006,807$967,396$619,028$2,153,729
65$3,217,042$918,339$543,306$2,246,385
66$3,445,682$863,839$462,008$2,347,102
67$3,694,509$803,535$374,853$2,456,764
68$3,965,484$737,043$281,546$2,576,347
69$4,260,763$663,958$181,777$2,706,938
70$4,582,722$583,853$75,227$2,849,739
71$4,933,971$496,273$0$3,006,082
72$5,317,388$400,743$0$3,186,888
73$5,736,139$296,756$0$3,404,664
74$6,193,708$183,780$0$3,642,830
75$6,693,932$61,252$0$3,903,484
76$7,241,036$0$0$4,188,942
77$7,839,671$0$0$4,520,627
78$8,494,958$0$0$4,901,520
79$9,212,536$0$0$5,318,738
80$9,998,618$0$0$5,775,905
81$10,860,041$0$0$6,277,016
82$11,804,339$0$0$6,826,466
83$12,839,807$0$0$7,429,101
84$13,975,582$0$0$8,090,253
85$15,221,730$0$0$8,815,800
86$16,589,335$0$0$9,612,213
87$18,090,607$0$0$10,486,622
88$19,738,998$0$0$11,446,881
89$21,549,324$0$0$12,501,641
90$23,537,907$0$0$13,660,432
91$25,722,728$0$0$14,933,754
92$28,123,595$0$0$16,333,174
93$30,762,330$0$0$17,871,434
94$33,662,976$0$0$19,562,574
95$36,852,019$0$0$21,422,059
96$40,358,640$0$0$23,466,932
97$44,214,989$0$0$25,715,965
98$48,456,488$0$0$28,189,846
99$53,122,165$0$0$30,911,364
100$58,255,019$0$0$33,905,631