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%14.4%
1 years$91,663$90,846$90,050$89,272$88,513$86,904
2 years$45,378$44,532$43,713$42,919$42,149$40,533
3 years$29,951$29,102$28,285$27,499$26,741$25,169
4 years$22,240$21,393$20,585$19,811$19,072$17,557
5 years$17,614$16,773$15,974$15,217$14,498$13,043
6 years$14,531$13,696$12,910$12,169$11,472$10,079
7 years$12,330$11,502$10,728$10,005$9,330$7,999
8 years$10,680$9,859$9,098$8,393$7,740$6,472
9 years$9,397$8,584$7,836$7,149$6,518$5,311
10 years$8,371$7,567$6,832$6,162$5,554$4,407
11 years$7,533$6,736$6,015$5,363$4,776$3,689
12 years$6,834$6,046$5,338$4,704$4,139$3,109
13 years$6,244$5,464$4,769$4,153$3,609$2,636
14 years$5,738$4,966$4,285$3,687$3,164$2,244
15 years$5,300$4,537$3,869$3,288$2,786$1,918
16 years$4,918$4,163$3,508$2,944$2,462$1,645
17 years$4,580$3,834$3,192$2,645$2,183$1,415
18 years$4,281$3,542$2,914$2,384$1,941$1,219
19 years$4,013$3,283$2,667$2,154$1,730$1,053
20 years$3,773$3,051$2,448$1,951$1,545$911
21 years$3,555$2,842$2,252$1,770$1,383$789
22 years$3,358$2,653$2,075$1,610$1,240$684
23 years$3,178$2,481$1,916$1,466$1,113$594
24 years$3,013$2,324$1,772$1,337$1,000$516
25 years$2,862$2,181$1,641$1,221$900$449
26 years$2,722$2,050$1,522$1,117$811$391
27 years$2,593$1,929$1,414$1,022$731$340
28 years$2,474$1,818$1,314$936$660$296
29 years$2,363$1,715$1,223$859$596$258
30 years$2,259$1,620$1,139$788$538$225
31 years$2,163$1,531$1,062$724$486$196
32 years$2,073$1,449$991$665$440$171
33 years$1,988$1,372$925$612$398$149
34 years$1,908$1,300$864$563$361$130
35 years$1,833$1,233$808$518$327$114
36 years$1,763$1,171$756$477$296$99
37 years$1,696$1,112$708$440$268$87
38 years$1,633$1,057$663$405$243$76
39 years$1,574$1,005$621$374$220$66
40 years$1,518$956$582$345$200$58
41 years$1,464$910$546$318$181$51
42 years$1,413$867$512$293$165$44
43 years$1,365$826$480$271$149$39
44 years$1,319$787$451$250$136$34
45 years$1,275$751$423$231$123$29
46 years$1,233$716$398$213$112$26
47 years$1,193$683$373$197$102$22
48 years$1,155$652$351$182$92$20
49 years$1,119$623$330$168$84$17
50 years$1,084$595$310$156$76$15

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 $2,403 every year, while hoping to spend $34,890 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: 53/25/22 Blend
49$1,110,000$1,110,000$1,110,000$1,110,000
50$1,225,699$1,166,869$1,149,664$1,283,109
51$1,313,597$1,186,923$1,151,055$1,342,941
52$1,409,292$1,206,790$1,151,323$1,404,189
53$1,513,542$1,226,424$1,150,394$1,470,104
54$1,627,180$1,245,776$1,148,190$1,541,142
55$1,751,127$1,264,794$1,144,628$1,617,806
56$1,886,392$1,283,419$1,139,624$1,700,653
57$2,034,089$1,301,591$1,133,086$1,790,297
58$2,195,443$1,319,246$1,124,921$1,887,414
59$2,371,801$1,336,312$1,115,029$1,992,752
60$2,564,650$1,352,716$1,103,307$2,107,134
61$2,775,623$1,368,378$1,089,647$2,231,470
62$3,006,521$1,383,213$1,073,934$2,366,764
63$3,259,325$1,397,130$1,056,051$2,514,121
64$3,536,219$1,410,032$1,035,871$2,674,765
65$3,839,607$1,421,817$1,013,266$2,850,041
66$4,172,134$1,432,373$988,098$3,041,436
67$4,536,718$1,441,585$960,225$3,250,590
68$4,936,568$1,449,328$929,497$3,479,312
69$5,375,221$1,455,469$895,759$3,729,597
70$5,856,574$1,459,867$858,847$4,003,648
71$6,384,917$1,462,372$818,591$4,303,891
72$6,964,976$1,462,827$774,812$4,633,005
73$7,601,959$1,461,060$727,323$4,993,946
74$8,301,600$1,456,893$675,929$5,389,971
75$9,070,218$1,450,136$620,428$5,824,674
76$9,914,774$1,440,586$560,606$6,302,021
77$10,842,935$1,428,029$496,241$6,826,382
78$11,863,150$1,412,238$427,100$7,402,580
79$12,984,725$1,392,971$352,941$8,035,932
80$14,217,914$1,369,974$273,512$8,732,302
81$15,574,013$1,342,975$188,547$9,498,159
82$17,065,470$1,311,689$97,771$10,340,633
83$18,705,997$1,275,810$895$11,267,589
84$20,510,703$1,235,020$0$12,287,699
85$22,496,235$1,188,976$0$13,434,583
86$24,680,935$1,137,319$0$14,696,516
87$27,085,012$1,079,669$0$16,084,990
88$29,730,733$1,015,622$0$17,612,905
89$32,642,633$944,754$0$19,294,478
90$35,847,748$866,613$0$21,145,380
91$39,375,864$780,723$0$23,182,885
92$43,259,805$686,581$0$25,426,030
93$47,535,738$583,656$0$27,895,798
94$52,243,514$471,386$0$30,615,318
95$57,427,046$349,177$0$33,610,080
96$63,134,720$216,403$0$36,908,181
97$69,419,857$72,402$0$40,540,588
98$76,341,207$0$0$44,541,431
99$83,963,511$0$0$48,971,307
100$92,358,109$0$0$53,872,100