Can I retire at age 50 with 1,100,000?

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 $1,100,000?

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$90,837$90,028$89,238$88,468$87,716$84,469
2 years$44,969$44,131$43,320$42,533$41,769$38,535
3 years$29,681$28,840$28,031$27,251$26,500$23,380
4 years$22,039$21,201$20,399$19,633$18,900$15,918
5 years$17,455$16,622$15,831$15,080$14,368$11,531
6 years$14,400$13,573$12,793$12,060$11,369$8,680
7 years$12,219$11,398$10,631$9,915$9,246$6,704
8 years$10,583$9,771$9,016$8,317$7,670$5,273
9 years$9,312$8,507$7,766$7,084$6,459$4,203
10 years$8,296$7,499$6,770$6,107$5,504$3,385
11 years$7,465$6,675$5,960$5,315$4,733$2,747
12 years$6,773$5,992$5,290$4,662$4,102$2,244
13 years$6,188$5,415$4,726$4,116$3,577$1,841
14 years$5,687$4,922$4,246$3,653$3,135$1,517
15 years$5,253$4,496$3,834$3,258$2,761$1,254
16 years$4,873$4,125$3,476$2,917$2,440$1,039
17 years$4,539$3,799$3,163$2,621$2,163$863
18 years$4,242$3,510$2,887$2,362$1,924$718
19 years$3,977$3,253$2,643$2,135$1,715$598
20 years$3,739$3,023$2,426$1,933$1,531$498
21 years$3,523$2,816$2,231$1,755$1,371$416
22 years$3,327$2,629$2,057$1,595$1,228$348
23 years$3,149$2,459$1,899$1,453$1,103$291
24 years$2,986$2,304$1,756$1,325$991$243
25 years$2,836$2,162$1,627$1,210$892$203
26 years$2,698$2,032$1,509$1,106$803$170
27 years$2,570$1,912$1,401$1,013$724$143
28 years$2,452$1,802$1,302$928$654$120
29 years$2,342$1,700$1,212$851$590$100
30 years$2,239$1,605$1,129$781$533$84
31 years$2,143$1,517$1,052$717$482$70
32 years$2,054$1,436$982$659$436$59
33 years$1,970$1,360$917$606$395$49
34 years$1,891$1,289$857$558$357$41
35 years$1,817$1,222$801$513$324$35
36 years$1,747$1,160$749$473$293$29
37 years$1,681$1,102$701$436$266$24
38 years$1,619$1,047$657$402$241$21
39 years$1,560$996$615$370$218$17
40 years$1,504$947$577$342$198$14
41 years$1,451$902$541$315$180$12
42 years$1,400$859$507$291$163$10
43 years$1,353$818$476$268$148$9
44 years$1,307$780$447$248$134$7
45 years$1,264$744$419$229$122$6
46 years$1,222$710$394$211$111$5
47 years$1,183$677$370$195$101$4
48 years$1,145$646$348$180$91$4
49 years$1,109$617$327$167$83$3
50 years$1,074$590$307$154$75$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,100,000, adding $2,499 every year, while hoping to spend $48,340 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: 66/14/20 Blend
49$1,100,000$1,100,000$1,100,000$1,100,000
50$1,214,778$1,156,478$1,139,428$1,288,684
51$1,287,252$1,161,712$1,126,165$1,343,791
52$1,365,498$1,165,582$1,110,838$1,398,232
53$1,450,054$1,167,971$1,093,327$1,456,598
54$1,541,511$1,168,753$1,073,504$1,519,274
55$1,640,518$1,167,795$1,051,240$1,586,685
56$1,747,790$1,164,956$1,026,396$1,659,302
57$1,864,112$1,160,086$998,827$1,737,645
58$1,990,347$1,153,026$968,384$1,822,286
59$2,127,445$1,143,607$934,907$1,913,861
60$2,276,451$1,131,651$898,233$2,013,067
61$2,438,514$1,116,966$858,189$2,120,678
62$2,614,898$1,099,353$814,593$2,237,546
63$2,806,994$1,078,597$767,259$2,364,613
64$3,016,333$1,054,474$715,988$2,502,920
65$3,244,600$1,026,745$660,574$2,653,613
66$3,493,649$995,155$600,804$2,817,960
67$3,765,522$959,438$536,451$2,997,359
68$4,062,464$919,310$467,281$3,193,356
69$4,386,949$874,470$393,049$3,407,654
70$4,741,701$824,602$313,499$3,642,134
71$5,129,717$769,370$228,363$3,898,873
72$5,554,297$708,418$137,363$4,180,161
73$6,019,078$641,373$40,207$4,488,528
74$6,528,060$567,837$0$4,826,764
75$7,085,653$487,391$0$5,211,493
76$7,696,709$399,593$0$5,642,603
77$8,366,575$303,975$0$6,115,325
78$9,101,139$200,043$0$6,633,868
79$9,906,886$87,275$0$7,202,872
80$10,790,957$0$0$7,827,449
81$11,761,221$0$0$8,518,610
82$12,826,345$0$0$9,292,176
83$13,995,873$0$0$10,141,642
84$15,280,322$0$0$11,074,655
85$16,691,277$0$0$12,099,642
86$18,241,498$0$0$13,225,880
87$19,945,045$0$0$14,463,596
88$21,817,406$0$0$15,824,052
89$23,875,643$0$0$17,319,657
90$26,138,555$0$0$18,964,083
91$28,626,854$0$0$20,772,392
92$31,363,357$0$0$22,761,178
93$34,373,206$0$0$24,948,725
94$37,684,099$0$0$27,355,179
95$41,326,555$0$0$30,002,733
96$45,334,200$0$0$32,915,844
97$49,744,083$0$0$36,121,457
98$54,597,027$0$0$39,649,260
99$59,938,011$0$0$43,531,967
100$65,816,597$0$0$47,805,622