Can I retire at age 50 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$91,663$90,846$90,050$89,272$88,513$85,305
2 years$45,378$44,532$43,713$42,919$42,149$38,952
3 years$29,951$29,102$28,285$27,499$26,741$23,656
4 years$22,240$21,393$20,585$19,811$19,072$16,122
5 years$17,614$16,773$15,974$15,217$14,498$11,691
6 years$14,531$13,696$12,910$12,169$11,472$8,810
7 years$12,330$11,502$10,728$10,005$9,330$6,812
8 years$10,680$9,859$9,098$8,393$7,740$5,364
9 years$9,397$8,584$7,836$7,149$6,518$4,282
10 years$8,371$7,567$6,832$6,162$5,554$3,452
11 years$7,533$6,736$6,015$5,363$4,776$2,806
12 years$6,834$6,046$5,338$4,704$4,139$2,294
13 years$6,244$5,464$4,769$4,153$3,609$1,885
14 years$5,738$4,966$4,285$3,687$3,164$1,555
15 years$5,300$4,537$3,869$3,288$2,786$1,287
16 years$4,918$4,163$3,508$2,944$2,462$1,068
17 years$4,580$3,834$3,192$2,645$2,183$888
18 years$4,281$3,542$2,914$2,384$1,941$740
19 years$4,013$3,283$2,667$2,154$1,730$617
20 years$3,773$3,051$2,448$1,951$1,545$516
21 years$3,555$2,842$2,252$1,770$1,383$431
22 years$3,358$2,653$2,075$1,610$1,240$361
23 years$3,178$2,481$1,916$1,466$1,113$302
24 years$3,013$2,324$1,772$1,337$1,000$253
25 years$2,862$2,181$1,641$1,221$900$212
26 years$2,722$2,050$1,522$1,117$811$178
27 years$2,593$1,929$1,414$1,022$731$149
28 years$2,474$1,818$1,314$936$660$125
29 years$2,363$1,715$1,223$859$596$105
30 years$2,259$1,620$1,139$788$538$88
31 years$2,163$1,531$1,062$724$486$74
32 years$2,073$1,449$991$665$440$62
33 years$1,988$1,372$925$612$398$52
34 years$1,908$1,300$864$563$361$44
35 years$1,833$1,233$808$518$327$37
36 years$1,763$1,171$756$477$296$31
37 years$1,696$1,112$708$440$268$26
38 years$1,633$1,057$663$405$243$22
39 years$1,574$1,005$621$374$220$18
40 years$1,518$956$582$345$200$15
41 years$1,464$910$546$318$181$13
42 years$1,413$867$512$293$165$11
43 years$1,365$826$480$271$149$9
44 years$1,319$787$451$250$136$8
45 years$1,275$751$423$231$123$6
46 years$1,233$716$398$213$112$5
47 years$1,193$683$373$197$102$5
48 years$1,155$652$351$182$92$4
49 years$1,119$623$330$168$84$3
50 years$1,084$595$310$156$76$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,110,000, adding $3,891 every year, while hoping to spend $44,839 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: 70/14/16 Blend
49$1,110,000$1,110,000$1,110,000$1,110,000
50$1,227,234$1,168,404$1,151,199$1,308,306
51$1,304,703$1,177,947$1,142,055$1,372,281
52$1,388,572$1,186,455$1,131,103$1,436,541
53$1,479,445$1,193,830$1,118,234$1,505,725
54$1,577,988$1,199,968$1,103,334$1,580,313
55$1,684,933$1,204,756$1,086,286$1,660,832
56$1,801,085$1,208,078$1,066,966$1,747,867
57$1,927,330$1,209,809$1,045,243$1,842,061
58$2,064,641$1,209,813$1,020,983$1,944,124
59$2,214,092$1,207,951$994,043$2,054,838
60$2,376,860$1,204,071$964,274$2,175,066
61$2,554,243$1,198,015$931,521$2,305,760
62$2,747,671$1,189,612$895,622$2,447,971
63$2,958,715$1,178,684$856,406$2,602,857
64$3,189,104$1,165,040$813,697$2,771,696
65$3,440,744$1,148,479$767,307$2,955,896
66$3,715,732$1,128,786$717,044$3,157,012
67$4,016,375$1,105,735$662,703$3,376,757
68$4,345,216$1,079,086$604,074$3,617,023
69$4,705,052$1,048,586$540,934$3,879,893
70$5,098,965$1,013,964$473,053$4,167,668
71$5,530,348$974,937$400,189$4,482,883
72$6,002,938$931,203$322,090$4,828,335
73$6,520,849$882,444$238,492$5,207,108
74$7,088,614$828,323$149,120$5,622,604
75$7,711,225$768,482$53,687$6,078,573
76$8,394,178$702,546$0$6,579,152
77$9,143,529$630,116$0$7,137,123
78$9,965,948$550,771$0$7,759,609
79$10,868,782$464,066$0$8,443,038
80$11,860,124$369,531$0$9,193,583
81$12,948,888$266,669$0$10,018,047
82$14,144,896$154,958$0$10,923,930
83$15,458,966$33,841$0$11,919,496
84$16,903,017$0$0$13,013,851
85$18,490,179$0$0$14,232,018
86$20,234,918$0$0$15,576,924
87$22,153,170$0$0$17,055,647
88$24,262,495$0$0$18,681,730
89$26,582,236$0$0$20,470,096
90$29,133,707$0$0$22,437,185
91$31,940,391$0$0$24,601,109
92$35,028,160$0$0$26,981,827
93$38,425,523$0$0$29,601,327
94$42,163,887$0$0$32,483,837
95$46,277,862$0$0$35,656,054
96$50,805,581$0$0$39,147,391
97$55,789,058$0$0$42,990,259
98$61,274,592$0$0$47,220,369
99$67,313,194$0$0$51,877,071
100$73,961,075$0$0$57,003,723