Can I retire at age 50 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$92,489$91,665$90,861$90,076$89,310$86,555
2 years$45,786$44,934$44,107$43,306$42,529$39,777
3 years$30,221$29,365$28,540$27,747$26,982$24,320
4 years$22,440$21,586$20,770$19,990$19,244$16,692
5 years$17,772$16,924$16,118$15,354$14,629$12,194
6 years$14,662$13,820$13,026$12,279$11,575$9,260
7 years$12,441$11,606$10,825$10,095$9,414$7,218
8 years$10,776$9,948$9,180$8,469$7,810$5,731
9 years$9,482$8,662$7,907$7,213$6,577$4,614
10 years$8,447$7,635$6,893$6,218$5,604$3,753
11 years$7,601$6,797$6,069$5,411$4,819$3,078
12 years$6,896$6,100$5,386$4,747$4,176$2,540
13 years$6,300$5,513$4,812$4,191$3,642$2,108
14 years$5,790$5,011$4,324$3,720$3,193$1,756
15 years$5,348$4,578$3,904$3,317$2,811$1,468
16 years$4,962$4,200$3,539$2,970$2,484$1,230
17 years$4,622$3,868$3,221$2,669$2,203$1,034
18 years$4,319$3,574$2,940$2,405$1,959$870
19 years$4,049$3,313$2,691$2,173$1,746$734
20 years$3,807$3,078$2,470$1,968$1,559$619
21 years$3,587$2,867$2,272$1,786$1,395$524
22 years$3,388$2,677$2,094$1,624$1,251$443
23 years$3,206$2,503$1,933$1,479$1,123$375
24 years$3,040$2,345$1,788$1,349$1,009$318
25 years$2,888$2,201$1,656$1,232$908$269
26 years$2,747$2,069$1,536$1,127$818$228
27 years$2,617$1,947$1,426$1,031$737$194
28 years$2,496$1,834$1,326$945$665$164
29 years$2,384$1,731$1,234$866$601$140
30 years$2,280$1,634$1,149$795$543$119
31 years$2,182$1,545$1,071$730$491$101
32 years$2,091$1,462$1,000$671$444$86
33 years$2,006$1,384$933$617$402$73
34 years$1,925$1,312$872$568$364$62
35 years$1,850$1,245$815$523$330$52
36 years$1,779$1,181$763$481$299$45
37 years$1,712$1,122$714$444$271$38
38 years$1,648$1,066$669$409$245$32
39 years$1,588$1,014$626$377$222$27
40 years$1,531$965$587$348$202$23
41 years$1,477$918$551$321$183$20
42 years$1,426$874$516$296$166$17
43 years$1,377$833$485$273$151$14
44 years$1,331$794$455$252$137$12
45 years$1,286$757$427$233$124$10
46 years$1,244$723$401$215$113$9
47 years$1,204$689$377$199$102$7
48 years$1,166$658$354$184$93$6
49 years$1,129$629$333$170$84$5
50 years$1,094$600$313$157$77$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,120,000, adding $5,420 every year, while hoping to spend $40,615 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: 72/20/8 Blend
49$1,120,000$1,120,000$1,120,000$1,120,000
50$1,239,831$1,180,471$1,163,111$1,327,080
51$1,323,079$1,195,100$1,158,861$1,400,044
52$1,413,458$1,209,084$1,153,107$1,474,329
53$1,511,652$1,222,350$1,145,757$1,554,536
54$1,618,412$1,234,817$1,136,712$1,641,236
55$1,734,569$1,246,402$1,125,870$1,735,062
56$1,861,032$1,257,013$1,113,124$1,836,707
57$1,998,805$1,266,554$1,098,362$1,946,939
58$2,148,991$1,274,923$1,081,465$2,066,603
59$2,312,805$1,282,011$1,062,310$2,196,628
60$2,491,583$1,287,702$1,040,770$2,338,041
61$2,686,797$1,291,872$1,016,708$2,491,971
62$2,900,066$1,294,390$989,985$2,659,666
63$3,133,175$1,295,117$960,451$2,842,499
64$3,388,085$1,293,904$927,953$3,041,983
65$3,666,960$1,290,595$892,328$3,259,789
66$3,972,178$1,285,022$853,410$3,497,755
67$4,306,360$1,277,009$811,019$3,757,909
68$4,672,394$1,266,367$764,973$4,042,487
69$5,073,456$1,252,897$715,078$4,353,953
70$5,513,048$1,236,389$661,133$4,695,023
71$5,995,025$1,216,617$602,926$5,068,693
72$6,523,632$1,193,346$540,239$5,478,263
73$7,103,546$1,166,324$472,840$5,927,373
74$7,739,918$1,135,284$400,491$6,420,033
75$8,438,422$1,099,945$322,940$6,960,667
76$9,205,308$1,060,010$239,925$7,554,149
77$10,047,461$1,015,161$151,174$8,205,854
78$10,972,464$965,067$56,401$8,921,704
79$11,988,673$909,372$0$9,708,232
80$13,105,292$847,705$0$10,576,455
81$14,332,459$779,670$0$11,535,876
82$15,681,345$704,850$0$12,590,450
83$17,164,258$622,803$0$13,749,851
84$18,794,756$533,064$0$15,024,737
85$20,587,776$435,139$0$16,426,859
86$22,559,777$328,508$0$17,969,165
87$24,728,891$212,623$0$19,665,927
88$27,115,098$86,901$0$21,532,876
89$29,740,409$0$0$23,587,349
90$32,629,079$0$0$25,859,296
91$35,807,830$0$0$28,380,502
92$39,306,107$0$0$31,155,202
93$43,156,354$0$0$34,209,139
94$47,394,318$0$0$37,570,675
95$52,059,388$0$0$41,271,062
96$57,194,968$0$0$45,344,735
97$62,848,881$0$0$49,829,641
98$69,073,824$0$0$54,767,588
99$75,927,863$0$0$60,204,649
100$83,474,982$0$0$66,191,589