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%12.9%
1 years$90,011$89,209$88,427$87,664$86,918$85,868
2 years$44,560$43,730$42,926$42,146$41,390$40,332
3 years$29,412$28,578$27,776$27,003$26,259$25,228
4 years$21,839$21,008$20,214$19,454$18,728$17,731
5 years$17,296$16,470$15,687$14,943$14,237$13,277
6 years$14,269$13,449$12,677$11,950$11,265$10,343
7 years$12,108$11,295$10,535$9,825$9,162$8,278
8 years$10,487$9,682$8,934$8,242$7,600$6,756
9 years$9,228$8,430$7,695$7,020$6,401$5,594
10 years$8,220$7,430$6,709$6,051$5,454$4,684
11 years$7,397$6,615$5,906$5,267$4,690$3,958
12 years$6,711$5,937$5,242$4,619$4,065$3,368
13 years$6,131$5,365$4,683$4,078$3,544$2,883
14 years$5,635$4,877$4,208$3,620$3,107$2,480
15 years$5,205$4,455$3,799$3,229$2,736$2,142
16 years$4,829$4,088$3,444$2,891$2,418$1,856
17 years$4,498$3,765$3,134$2,597$2,144$1,613
18 years$4,204$3,479$2,861$2,341$1,906$1,405
19 years$3,941$3,224$2,619$2,115$1,699$1,227
20 years$3,705$2,996$2,404$1,916$1,518$1,073
21 years$3,491$2,790$2,211$1,739$1,358$940
22 years$3,297$2,605$2,038$1,581$1,217$825
23 years$3,121$2,436$1,882$1,440$1,093$724
24 years$2,959$2,283$1,740$1,313$982$637
25 years$2,810$2,142$1,612$1,199$884$560
26 years$2,673$2,013$1,495$1,096$796$494
27 years$2,547$1,895$1,388$1,004$718$435
28 years$2,429$1,785$1,290$919$648$384
29 years$2,320$1,684$1,201$843$585$338
30 years$2,219$1,591$1,119$774$528$299
31 years$2,124$1,504$1,043$711$478$264
32 years$2,035$1,423$973$653$432$233
33 years$1,952$1,347$908$601$391$206
34 years$1,874$1,277$849$553$354$182
35 years$1,800$1,211$794$509$321$161
36 years$1,731$1,150$742$469$291$142
37 years$1,666$1,092$695$432$263$126
38 years$1,604$1,038$651$398$239$111
39 years$1,546$987$610$367$217$98
40 years$1,490$939$571$338$196$87
41 years$1,438$894$536$312$178$77
42 years$1,388$851$503$288$162$68
43 years$1,340$811$472$266$147$60
44 years$1,295$773$443$246$133$53
45 years$1,252$737$416$227$121$47
46 years$1,211$703$390$210$110$42
47 years$1,172$671$367$194$100$37
48 years$1,134$641$345$179$91$33
49 years$1,098$612$324$165$82$29
50 years$1,064$584$305$153$75$26

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 $2,984 every year, while hoping to spend $52,654 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: 45/27/28 Blend
49$1,090,000$1,090,000$1,090,000$1,090,000
50$1,204,258$1,146,488$1,129,593$1,248,582
51$1,271,069$1,146,642$1,111,411$1,280,545
52$1,342,930$1,145,040$1,090,855$1,309,899
53$1,420,300$1,141,538$1,067,790$1,340,726
54$1,503,684$1,135,987$1,042,075$1,373,191
55$1,593,637$1,128,228$1,013,561$1,407,482
56$1,690,767$1,118,090$982,095$1,443,809
57$1,795,744$1,105,395$947,514$1,482,405
58$1,909,303$1,089,952$909,648$1,523,533
59$2,032,252$1,071,560$868,321$1,567,485
60$2,165,480$1,050,005$823,348$1,614,589
61$2,309,964$1,025,060$774,536$1,665,208
62$2,466,780$996,487$721,682$1,719,750
63$2,637,108$964,032$664,575$1,778,668
64$2,822,250$927,426$602,995$1,842,467
65$3,023,634$886,385$536,711$1,911,710
66$3,242,836$840,609$465,482$1,987,021
67$3,481,586$789,780$389,056$2,069,097
68$3,741,791$733,562$307,172$2,158,713
69$4,025,546$671,599$219,555$2,256,727
70$4,335,160$603,516$125,918$2,364,097
71$4,673,173$528,915$25,964$2,481,881
72$5,042,383$447,377$0$2,611,260
73$5,445,867$358,460$0$2,777,651
74$5,887,015$261,694$0$2,968,238
75$6,369,558$156,585$0$3,176,966
76$6,897,606$42,611$0$3,405,723
77$7,475,683$0$0$3,656,598
78$8,108,772$0$0$3,955,894
79$8,802,358$0$0$4,297,788
80$9,562,485$0$0$4,672,615
81$10,395,807$0$0$5,083,672
82$11,309,652$0$0$5,534,593
83$12,312,095$0$0$6,029,377
84$13,412,026$0$0$6,572,433
85$14,619,238$0$0$7,168,614
86$15,944,521$0$0$7,823,268
87$17,399,757$0$0$8,542,286
88$18,998,038$0$0$9,332,156
89$20,753,784$0$0$10,200,028
90$22,682,881$0$0$11,153,776
91$24,802,830$0$0$12,202,077
92$27,132,913$0$0$13,354,489
93$29,694,370$0$0$14,621,543
94$32,510,604$0$0$16,014,841
95$35,607,397$0$0$17,547,165
96$39,013,156$0$0$19,232,598
97$42,759,176$0$0$21,086,658
98$46,879,941$0$0$23,126,441
99$51,413,443$0$0$25,370,782
100$56,401,542$0$0$27,840,439