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

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$91,663$90,846$90,050$89,272$88,513$85,406
2 years$45,378$44,532$43,713$42,919$42,149$39,052
3 years$29,951$29,102$28,285$27,499$26,741$23,751
4 years$22,240$21,393$20,585$19,811$19,072$16,211
5 years$17,614$16,773$15,974$15,217$14,498$11,774
6 years$14,531$13,696$12,910$12,169$11,472$8,887
7 years$12,330$11,502$10,728$10,005$9,330$6,884
8 years$10,680$9,859$9,098$8,393$7,740$5,430
9 years$9,397$8,584$7,836$7,149$6,518$4,342
10 years$8,371$7,567$6,832$6,162$5,554$3,508
11 years$7,533$6,736$6,015$5,363$4,776$2,857
12 years$6,834$6,046$5,338$4,704$4,139$2,341
13 years$6,244$5,464$4,769$4,153$3,609$1,927
14 years$5,738$4,966$4,285$3,687$3,164$1,593
15 years$5,300$4,537$3,869$3,288$2,786$1,322
16 years$4,918$4,163$3,508$2,944$2,462$1,099
17 years$4,580$3,834$3,192$2,645$2,183$916
18 years$4,281$3,542$2,914$2,384$1,941$765
19 years$4,013$3,283$2,667$2,154$1,730$639
20 years$3,773$3,051$2,448$1,951$1,545$535
21 years$3,555$2,842$2,252$1,770$1,383$449
22 years$3,358$2,653$2,075$1,610$1,240$376
23 years$3,178$2,481$1,916$1,466$1,113$316
24 years$3,013$2,324$1,772$1,337$1,000$265
25 years$2,862$2,181$1,641$1,221$900$223
26 years$2,722$2,050$1,522$1,117$811$187
27 years$2,593$1,929$1,414$1,022$731$158
28 years$2,474$1,818$1,314$936$660$133
29 years$2,363$1,715$1,223$859$596$112
30 years$2,259$1,620$1,139$788$538$94
31 years$2,163$1,531$1,062$724$486$79
32 years$2,073$1,449$991$665$440$66
33 years$1,988$1,372$925$612$398$56
34 years$1,908$1,300$864$563$361$47
35 years$1,833$1,233$808$518$327$40
36 years$1,763$1,171$756$477$296$33
37 years$1,696$1,112$708$440$268$28
38 years$1,633$1,057$663$405$243$24
39 years$1,574$1,005$621$374$220$20
40 years$1,518$956$582$345$200$17
41 years$1,464$910$546$318$181$14
42 years$1,413$867$512$293$165$12
43 years$1,365$826$480$271$149$10
44 years$1,319$787$451$250$136$8
45 years$1,275$751$423$231$123$7
46 years$1,233$716$398$213$112$6
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$4
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 $6,036 every year, while hoping to spend $24,511 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: 46/25/29 Blend
49$1,110,000$1,110,000$1,110,000$1,110,000
50$1,229,446$1,170,616$1,153,411$1,275,491
51$1,328,770$1,201,897$1,165,971$1,340,033
52$1,437,404$1,233,889$1,178,130$1,407,192
53$1,556,270$1,266,601$1,189,849$1,479,598
54$1,686,388$1,300,042$1,201,086$1,557,755
55$1,828,875$1,334,220$1,211,799$1,642,220
56$1,984,966$1,369,142$1,221,940$1,733,608
57$2,156,019$1,404,817$1,231,461$1,832,594
58$2,343,530$1,441,250$1,240,312$1,939,923
59$2,549,147$1,478,448$1,248,439$2,056,415
60$2,774,683$1,516,415$1,255,786$2,182,975
61$3,022,139$1,555,157$1,262,292$2,320,600
62$3,293,714$1,594,677$1,267,896$2,470,388
63$3,591,835$1,634,978$1,272,532$2,633,549
64$3,919,172$1,676,062$1,276,132$2,811,418
65$4,278,668$1,717,930$1,278,623$3,005,465
66$4,673,564$1,760,580$1,279,929$3,217,310
67$5,107,432$1,804,013$1,279,971$3,448,739
68$5,584,205$1,848,225$1,278,665$3,701,721
69$6,108,217$1,893,211$1,275,923$3,978,424
70$6,684,242$1,938,965$1,271,654$4,281,242
71$7,317,541$1,985,481$1,265,761$4,612,808
72$8,013,909$2,032,748$1,258,142$4,976,029
73$8,779,731$2,080,756$1,248,693$5,374,106
74$9,622,042$2,129,491$1,237,303$5,810,569
75$10,548,591$2,178,938$1,223,854$6,289,307
76$11,567,920$2,229,078$1,208,225$6,814,610
77$12,689,436$2,279,891$1,190,289$7,391,201
78$13,923,507$2,331,354$1,169,912$8,024,292
79$15,281,555$2,383,441$1,146,954$8,719,624
80$16,776,166$2,436,122$1,121,270$9,483,525
81$18,421,209$2,489,365$1,092,706$10,322,971
82$20,231,962$2,543,135$1,061,102$11,245,650
83$22,225,264$2,597,390$1,026,291$12,260,038
84$24,419,667$2,652,088$988,097$13,375,474
85$26,835,612$2,707,179$946,337$14,602,255
86$29,495,626$2,762,612$900,821$15,951,727
87$32,424,528$2,818,329$851,347$17,436,397
88$35,649,670$2,874,267$797,707$19,070,052
89$39,201,188$2,930,358$739,683$20,867,885
90$43,112,292$2,986,528$677,044$22,846,642
91$47,419,574$3,042,697$609,554$25,024,782
92$52,163,359$3,098,777$536,962$27,422,647
93$57,388,080$3,154,675$459,009$30,062,660
94$63,142,700$3,210,291$375,421$32,969,533
95$69,481,175$3,265,514$285,917$36,170,504
96$76,462,958$3,320,227$190,198$39,695,591
97$84,153,566$3,374,305$87,956$43,577,881
98$92,625,195$3,427,611$0$47,853,839
99$101,957,401$3,480,000$0$52,570,200
100$112,237,851$3,531,315$0$57,794,183