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%18.5%
1 years$91,663$90,846$90,050$89,272$88,513$85,474
2 years$45,378$44,532$43,713$42,919$42,149$39,119
3 years$29,951$29,102$28,285$27,499$26,741$23,814
4 years$22,240$21,393$20,585$19,811$19,072$16,271
5 years$17,614$16,773$15,974$15,217$14,498$11,830
6 years$14,531$13,696$12,910$12,169$11,472$8,939
7 years$12,330$11,502$10,728$10,005$9,330$6,932
8 years$10,680$9,859$9,098$8,393$7,740$5,475
9 years$9,397$8,584$7,836$7,149$6,518$4,383
10 years$8,371$7,567$6,832$6,162$5,554$3,546
11 years$7,533$6,736$6,015$5,363$4,776$2,891
12 years$6,834$6,046$5,338$4,704$4,139$2,372
13 years$6,244$5,464$4,769$4,153$3,609$1,956
14 years$5,738$4,966$4,285$3,687$3,164$1,619
15 years$5,300$4,537$3,869$3,288$2,786$1,345
16 years$4,918$4,163$3,508$2,944$2,462$1,120
17 years$4,580$3,834$3,192$2,645$2,183$935
18 years$4,281$3,542$2,914$2,384$1,941$782
19 years$4,013$3,283$2,667$2,154$1,730$655
20 years$3,773$3,051$2,448$1,951$1,545$549
21 years$3,555$2,842$2,252$1,770$1,383$461
22 years$3,358$2,653$2,075$1,610$1,240$387
23 years$3,178$2,481$1,916$1,466$1,113$325
24 years$3,013$2,324$1,772$1,337$1,000$274
25 years$2,862$2,181$1,641$1,221$900$230
26 years$2,722$2,050$1,522$1,117$811$194
27 years$2,593$1,929$1,414$1,022$731$163
28 years$2,474$1,818$1,314$936$660$138
29 years$2,363$1,715$1,223$859$596$116
30 years$2,259$1,620$1,139$788$538$98
31 years$2,163$1,531$1,062$724$486$82
32 years$2,073$1,449$991$665$440$69
33 years$1,988$1,372$925$612$398$59
34 years$1,908$1,300$864$563$361$49
35 years$1,833$1,233$808$518$327$42
36 years$1,763$1,171$756$477$296$35
37 years$1,696$1,112$708$440$268$30
38 years$1,633$1,057$663$405$243$25
39 years$1,574$1,005$621$374$220$21
40 years$1,518$956$582$345$200$18
41 years$1,464$910$546$318$181$15
42 years$1,413$867$512$293$165$13
43 years$1,365$826$480$271$149$11
44 years$1,319$787$451$250$136$9
45 years$1,275$751$423$231$123$8
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$5
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 $5,156 every year, while hoping to spend $55,030 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: 79/14/7 Blend
49$1,110,000$1,110,000$1,110,000$1,110,000
50$1,228,538$1,169,708$1,152,503$1,324,225
51$1,295,298$1,168,473$1,132,561$1,386,454
52$1,367,022$1,165,332$1,110,106$1,446,976
53$1,444,160$1,160,135$1,084,996$1,511,722
54$1,527,204$1,152,721$1,057,083$1,581,086
55$1,616,694$1,142,919$1,026,210$1,655,503
56$1,713,224$1,130,549$992,215$1,735,451
57$1,817,446$1,115,419$954,928$1,821,459
58$1,930,077$1,097,327$914,169$1,914,107
59$2,051,905$1,076,056$869,754$2,014,037
60$2,183,796$1,051,379$821,487$2,121,955
61$2,326,701$1,023,055$769,165$2,238,639
62$2,481,668$990,828$712,576$2,364,949
63$2,649,847$954,427$651,496$2,501,831
64$2,832,504$913,567$585,694$2,650,328
65$3,031,032$867,945$514,927$2,811,590
66$3,246,963$817,240$438,943$2,986,887
67$3,481,982$761,113$357,476$3,177,617
68$3,737,944$699,207$270,251$3,385,322
69$4,016,888$631,142$176,979$3,611,703
70$4,321,062$556,519$77,359$3,858,634
71$4,652,937$474,915$0$4,128,182
72$5,015,233$385,883$0$4,424,791
73$5,410,946$288,951$0$4,755,117
74$5,843,373$183,619$0$5,116,174
75$6,316,144$69,363$0$5,511,044
76$6,833,254$0$0$5,943,126
77$7,399,105$0$0$6,424,541
78$8,018,542$0$0$6,963,275
79$8,696,901$0$0$7,553,289
80$9,440,056$0$0$8,199,697
81$10,254,480$0$0$8,908,131
82$11,147,299$0$0$9,684,796
83$12,126,361$0$0$10,536,524
84$13,200,311$0$0$11,470,840
85$14,378,673$0$0$12,496,033
86$15,671,932$0$0$13,621,234
87$17,091,644$0$0$14,856,499
88$18,650,532$0$0$16,212,908
89$20,362,617$0$0$17,702,663
90$22,243,341$0$0$19,339,208
91$24,309,717$0$0$21,137,353
92$26,580,486$0$0$23,113,414
93$29,076,296$0$0$25,285,364
94$31,819,893$0$0$27,673,007
95$34,836,338$0$0$30,298,158
96$38,153,241$0$0$33,184,853
97$41,801,022$0$0$36,359,575
98$45,813,195$0$0$39,851,498
99$50,226,686$0$0$43,692,770
100$55,082,181$0$0$47,918,809