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

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$90,011$89,209$88,427$87,664$86,918$84,543
2 years$44,560$43,730$42,926$42,146$41,390$39,014
3 years$29,412$28,578$27,776$27,003$26,259$23,957
4 years$21,839$21,008$20,214$19,454$18,728$16,518
5 years$17,296$16,470$15,687$14,943$14,237$12,124
6 years$14,269$13,449$12,677$11,950$11,265$9,252
7 years$12,108$11,295$10,535$9,825$9,162$7,249
8 years$10,487$9,682$8,934$8,242$7,600$5,786
9 years$9,228$8,430$7,695$7,020$6,401$4,683
10 years$8,220$7,430$6,709$6,051$5,454$3,831
11 years$7,397$6,615$5,906$5,267$4,690$3,160
12 years$6,711$5,937$5,242$4,619$4,065$2,624
13 years$6,131$5,365$4,683$4,078$3,544$2,190
14 years$5,635$4,877$4,208$3,620$3,107$1,836
15 years$5,205$4,455$3,799$3,229$2,736$1,545
16 years$4,829$4,088$3,444$2,891$2,418$1,303
17 years$4,498$3,765$3,134$2,597$2,144$1,102
18 years$4,204$3,479$2,861$2,341$1,906$934
19 years$3,941$3,224$2,619$2,115$1,699$793
20 years$3,705$2,996$2,404$1,916$1,518$674
21 years$3,491$2,790$2,211$1,739$1,358$574
22 years$3,297$2,605$2,038$1,581$1,217$489
23 years$3,121$2,436$1,882$1,440$1,093$417
24 years$2,959$2,283$1,740$1,313$982$356
25 years$2,810$2,142$1,612$1,199$884$304
26 years$2,673$2,013$1,495$1,096$796$259
27 years$2,547$1,895$1,388$1,004$718$222
28 years$2,429$1,785$1,290$919$648$189
29 years$2,320$1,684$1,201$843$585$162
30 years$2,219$1,591$1,119$774$528$139
31 years$2,124$1,504$1,043$711$478$119
32 years$2,035$1,423$973$653$432$102
33 years$1,952$1,347$908$601$391$87
34 years$1,874$1,277$849$553$354$74
35 years$1,800$1,211$794$509$321$64
36 years$1,731$1,150$742$469$291$55
37 years$1,666$1,092$695$432$263$47
38 years$1,604$1,038$651$398$239$40
39 years$1,546$987$610$367$217$34
40 years$1,490$939$571$338$196$29
41 years$1,438$894$536$312$178$25
42 years$1,388$851$503$288$162$22
43 years$1,340$811$472$266$147$18
44 years$1,295$773$443$246$133$16
45 years$1,252$737$416$227$121$14
46 years$1,211$703$390$210$110$12
47 years$1,172$671$367$194$100$10
48 years$1,134$641$345$179$91$9
49 years$1,098$612$324$165$82$7
50 years$1,064$584$305$153$75$6

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 $6,284 every year, while hoping to spend $59,612 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: 60/23/17 Blend
49$1,090,000$1,090,000$1,090,000$1,090,000
50$1,207,662$1,149,892$1,132,997$1,274,496
51$1,267,417$1,142,810$1,107,526$1,313,286
52$1,331,269$1,133,383$1,079,203$1,348,411
53$1,399,572$1,121,433$1,047,871$1,385,346
54$1,472,718$1,106,772$1,013,363$1,424,276
55$1,551,131$1,089,200$975,507$1,465,403
56$1,635,280$1,068,505$934,120$1,508,955
57$1,725,680$1,044,463$889,014$1,555,184
58$1,822,893$1,016,836$839,991$1,604,371
59$1,927,541$985,373$786,843$1,656,829
60$2,040,301$949,807$729,353$1,712,905
61$2,161,922$909,858$667,297$1,772,986
62$2,293,224$865,227$600,437$1,837,501
63$2,435,109$815,599$528,528$1,906,926
64$2,588,567$760,640$451,310$1,981,793
65$2,754,687$699,998$368,516$2,062,688
66$2,934,668$633,301$279,864$2,150,264
67$3,129,825$560,154$185,060$2,245,246
68$3,341,607$480,140$83,799$2,348,437
69$3,571,605$392,822$0$2,460,727
70$3,821,572$297,733$0$2,587,506
71$4,093,433$194,383$0$2,741,974
72$4,389,309$82,254$0$2,910,192
73$4,711,533$0$0$3,093,569
74$5,062,670$0$0$3,303,584
75$5,445,547$0$0$3,555,360
76$5,863,271$0$0$3,830,134
77$6,319,264$0$0$4,130,167
78$6,817,294$0$0$4,457,949
79$7,361,507$0$0$4,816,219
80$7,956,469$0$0$5,207,994
81$8,607,205$0$0$5,636,597
82$9,319,251$0$0$6,105,685
83$10,098,700$0$0$6,619,286
84$10,952,262$0$0$7,181,836
85$11,887,328$0$0$7,798,218
86$12,912,035$0$0$8,473,811
87$14,035,347$0$0$9,214,541
88$15,267,135$0$0$10,026,932
89$16,618,271$0$0$10,918,170
90$18,100,731$0$0$11,896,173
91$19,727,704$0$0$12,969,658
92$21,513,720$0$0$14,148,232
93$23,474,784$0$0$15,442,474
94$25,628,527$0$0$16,864,038
95$27,994,370$0$0$18,425,765
96$30,593,709$0$0$20,141,798
97$33,450,114$0$0$22,027,720
98$36,589,551$0$0$24,100,697
99$40,040,627$0$0$26,379,640
100$43,834,860$0$0$28,885,388