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%11.6%
1 years$98,269$97,394$96,540$95,706$94,892$94,255
2 years$48,648$47,742$46,864$46,013$45,187$44,544
3 years$32,110$31,200$30,324$29,481$28,668$28,040
4 years$23,842$22,935$22,068$21,239$20,447$19,837
5 years$18,883$17,982$17,126$16,314$15,543$14,955
6 years$15,578$14,683$13,840$13,046$12,299$11,733
7 years$13,218$12,331$11,501$10,726$10,002$9,458
8 years$11,449$10,570$9,754$8,998$8,298$7,776
9 years$10,074$9,203$8,401$7,664$6,988$6,488
10 years$8,975$8,112$7,324$6,607$5,954$5,476
11 years$8,076$7,222$6,448$5,750$5,121$4,664
12 years$7,327$6,482$5,723$5,043$4,437$4,002
13 years$6,694$5,858$5,113$4,452$3,870$3,454
14 years$6,152$5,324$4,594$3,952$3,392$2,997
15 years$5,682$4,864$4,148$3,525$2,987$2,611
16 years$5,272$4,463$3,760$3,156$2,640$2,283
17 years$4,910$4,110$3,422$2,836$2,340$2,002
18 years$4,589$3,798$3,124$2,556$2,081$1,761
19 years$4,302$3,520$2,860$2,309$1,855$1,552
20 years$4,044$3,271$2,624$2,091$1,657$1,370
21 years$3,811$3,046$2,414$1,898$1,483$1,212
22 years$3,600$2,844$2,225$1,726$1,329$1,074
23 years$3,407$2,660$2,054$1,572$1,193$952
24 years$3,230$2,492$1,900$1,433$1,072$846
25 years$3,068$2,339$1,760$1,309$965$752
26 years$2,919$2,198$1,632$1,197$869$669
27 years$2,780$2,069$1,515$1,096$784$595
28 years$2,652$1,949$1,409$1,004$707$531
29 years$2,533$1,839$1,311$921$638$473
30 years$2,422$1,737$1,221$845$577$422
31 years$2,319$1,642$1,138$776$522$377
32 years$2,222$1,553$1,062$713$472$336
33 years$2,131$1,471$992$656$427$300
34 years$2,046$1,394$927$603$387$268
35 years$1,966$1,322$866$555$350$240
36 years$1,890$1,255$810$512$317$214
37 years$1,819$1,192$759$471$288$192
38 years$1,751$1,133$710$434$261$172
39 years$1,687$1,077$666$401$236$153
40 years$1,627$1,025$624$369$214$137
41 years$1,570$976$585$341$195$123
42 years$1,515$929$549$315$176$110
43 years$1,463$885$515$290$160$98
44 years$1,414$844$483$268$145$88
45 years$1,367$805$454$248$132$79
46 years$1,322$768$426$229$120$71
47 years$1,279$733$400$211$109$63
48 years$1,238$699$376$195$99$57
49 years$1,199$668$354$180$90$51
50 years$1,162$638$333$167$82$45

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 $2,915 every year, while hoping to spend $58,821 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: 40/34/26 Blend
49$1,190,000$1,190,000$1,190,000$1,190,000
50$1,314,387$1,251,317$1,232,872$1,356,762
51$1,385,869$1,250,046$1,211,588$1,386,440
52$1,462,671$1,246,742$1,187,620$1,412,805
53$1,545,274$1,241,242$1,160,815$1,440,187
54$1,634,204$1,233,376$1,131,014$1,468,713
55$1,730,042$1,222,960$1,098,052$1,498,529
56$1,833,423$1,209,802$1,061,754$1,529,800
57$1,945,047$1,193,697$1,021,937$1,562,713
58$2,065,681$1,174,428$978,412$1,597,478
59$2,196,172$1,151,766$930,980$1,634,332
60$2,337,445$1,125,466$879,432$1,673,541
61$2,490,523$1,095,272$823,551$1,715,405
62$2,656,526$1,060,910$763,109$1,760,261
63$2,836,688$1,022,091$697,870$1,808,484
64$3,032,366$978,510$627,585$1,860,499
65$3,245,054$929,843$551,995$1,916,777
66$3,476,392$875,748$470,830$1,977,849
67$3,728,187$815,863$383,806$2,044,305
68$4,002,428$749,806$290,629$2,116,807
69$4,301,301$677,171$190,990$2,196,092
70$4,627,213$597,533$84,568$2,282,981
71$4,982,815$510,438$0$2,378,393
72$5,371,023$415,410$0$2,491,394
73$5,795,046$311,944$0$2,640,636
74$6,258,420$199,508$0$2,803,999
75$6,765,034$77,539$0$2,982,999
76$7,319,173$0$0$3,179,310
77$7,925,553$0$0$3,415,198
78$8,589,369$0$0$3,705,339
79$9,316,340$0$0$4,023,241
80$10,112,763$0$0$4,371,677
81$10,985,575$0$0$4,753,703
82$11,942,416$0$0$5,172,683
83$12,991,698$0$0$5,632,323
84$14,142,689$0$0$6,136,705
85$15,405,594$0$0$6,690,326
86$16,791,657$0$0$7,298,138
87$18,313,260$0$0$7,965,597
88$19,984,047$0$0$8,698,712
89$21,819,043$0$0$9,504,106
90$23,834,802$0$0$10,389,070
91$26,049,560$0$0$11,361,640
92$28,483,407$0$0$12,430,668
93$31,158,476$0$0$13,605,907
94$34,099,149$0$0$14,898,100
95$37,332,290$0$0$16,319,085
96$40,887,495$0$0$17,881,904
97$44,797,370$0$0$19,600,926
98$49,097,843$0$0$21,491,983
99$53,828,495$0$0$23,572,519
100$59,032,937$0$0$25,861,752