Can I retire at age 50 with 1,090,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$90,011$89,209$88,427$87,664$86,918$83,701
2 years$44,560$43,730$42,926$42,146$41,390$38,185
3 years$29,412$28,578$27,776$27,003$26,259$23,168
4 years$21,839$21,008$20,214$19,454$18,728$15,773
5 years$17,296$16,470$15,687$14,943$14,237$11,426
6 years$14,269$13,449$12,677$11,950$11,265$8,601
7 years$12,108$11,295$10,535$9,825$9,162$6,643
8 years$10,487$9,682$8,934$8,242$7,600$5,225
9 years$9,228$8,430$7,695$7,020$6,401$4,165
10 years$8,220$7,430$6,709$6,051$5,454$3,354
11 years$7,397$6,615$5,906$5,267$4,690$2,722
12 years$6,711$5,937$5,242$4,619$4,065$2,223
13 years$6,131$5,365$4,683$4,078$3,544$1,824
14 years$5,635$4,877$4,208$3,620$3,107$1,503
15 years$5,205$4,455$3,799$3,229$2,736$1,242
16 years$4,829$4,088$3,444$2,891$2,418$1,029
17 years$4,498$3,765$3,134$2,597$2,144$855
18 years$4,204$3,479$2,861$2,341$1,906$711
19 years$3,941$3,224$2,619$2,115$1,699$592
20 years$3,705$2,996$2,404$1,916$1,518$494
21 years$3,491$2,790$2,211$1,739$1,358$412
22 years$3,297$2,605$2,038$1,581$1,217$344
23 years$3,121$2,436$1,882$1,440$1,093$288
24 years$2,959$2,283$1,740$1,313$982$241
25 years$2,810$2,142$1,612$1,199$884$202
26 years$2,673$2,013$1,495$1,096$796$169
27 years$2,547$1,895$1,388$1,004$718$141
28 years$2,429$1,785$1,290$919$648$118
29 years$2,320$1,684$1,201$843$585$99
30 years$2,219$1,591$1,119$774$528$83
31 years$2,124$1,504$1,043$711$478$70
32 years$2,035$1,423$973$653$432$58
33 years$1,952$1,347$908$601$391$49
34 years$1,874$1,277$849$553$354$41
35 years$1,800$1,211$794$509$321$34
36 years$1,731$1,150$742$469$291$29
37 years$1,666$1,092$695$432$263$24
38 years$1,604$1,038$651$398$239$20
39 years$1,546$987$610$367$217$17
40 years$1,490$939$571$338$196$14
41 years$1,438$894$536$312$178$12
42 years$1,388$851$503$288$162$10
43 years$1,340$811$472$266$147$8
44 years$1,295$773$443$246$133$7
45 years$1,252$737$416$227$121$6
46 years$1,211$703$390$210$110$5
47 years$1,172$671$367$194$100$4
48 years$1,134$641$345$179$91$4
49 years$1,098$612$324$165$82$3
50 years$1,064$584$305$153$75$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,090,000, adding $3,748 every year, while hoping to spend $30,449 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: 55/40/5 Blend
49$1,090,000$1,090,000$1,090,000$1,090,000
50$1,205,046$1,147,276$1,130,381$1,269,889
51$1,295,563$1,171,095$1,135,851$1,337,834
52$1,394,293$1,195,061$1,140,484$1,408,049
53$1,502,040$1,219,148$1,144,220$1,483,736
54$1,619,691$1,243,330$1,146,995$1,565,418
55$1,748,223$1,267,576$1,148,742$1,653,672
56$1,888,710$1,291,856$1,149,394$1,749,132
57$2,042,335$1,316,133$1,148,875$1,852,496
58$2,210,401$1,340,371$1,147,109$1,964,535
59$2,394,341$1,364,528$1,144,017$2,086,096
60$2,595,735$1,388,561$1,139,512$2,218,113
61$2,816,322$1,412,423$1,133,508$2,361,618
62$3,058,017$1,436,063$1,125,911$2,517,744
63$3,322,930$1,459,425$1,116,625$2,687,741
64$3,613,384$1,482,451$1,105,546$2,872,989
65$3,931,936$1,505,079$1,092,569$3,075,006
66$4,281,406$1,527,239$1,077,582$3,295,465
67$4,664,896$1,548,861$1,060,468$3,536,212
68$5,085,826$1,569,866$1,041,104$3,799,281
69$5,547,962$1,590,171$1,019,363$4,086,911
70$6,055,452$1,609,687$995,110$4,401,575
71$6,612,866$1,628,320$968,204$4,745,994
72$7,225,239$1,645,969$938,500$5,123,171
73$7,898,117$1,662,525$905,843$5,536,413
74$8,637,610$1,677,873$870,073$5,989,367
75$9,450,448$1,691,890$831,022$6,486,053
76$10,344,047$1,704,446$788,515$7,030,902
77$11,326,577$1,715,402$742,368$7,628,797
78$12,407,040$1,724,608$692,389$8,285,123
79$13,595,352$1,731,908$638,379$9,005,814
80$14,902,440$1,737,134$580,126$9,797,411
81$16,340,343$1,740,107$517,414$10,667,124
82$17,922,324$1,740,639$450,014$11,622,903
83$19,662,998$1,738,527$377,686$12,673,509
84$21,578,467$1,733,558$300,182$13,828,598
85$23,686,475$1,725,506$217,242$15,098,816
86$26,006,569$1,714,131$128,594$16,495,898
87$28,560,292$1,699,176$33,955$18,032,778
88$31,371,378$1,680,371$0$19,723,712
89$34,465,979$1,657,430$0$21,587,994
90$37,872,914$1,630,049$0$23,641,533
91$41,623,935$1,597,905$0$25,901,627
92$45,754,032$1,560,658$0$28,389,340
93$50,301,758$1,517,946$0$31,127,889
94$55,309,599$1,469,386$0$34,142,862
95$60,824,367$1,414,575$0$37,462,464
96$66,897,647$1,353,083$0$41,117,779
97$73,586,280$1,284,458$0$45,143,071
98$80,952,905$1,208,220$0$49,576,102
99$89,066,541$1,123,863$0$54,458,493
100$98,003,245$1,030,850$0$59,836,117