Can I retire at age 50 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$94,140$93,302$92,483$91,685$90,905$88,385
2 years$46,604$45,736$44,895$44,079$43,288$40,768
3 years$30,761$29,889$29,050$28,242$27,464$25,023
4 years$22,841$21,972$21,141$20,347$19,587$17,244
5 years$18,090$17,226$16,406$15,628$14,890$12,650
6 years$14,924$14,066$13,259$12,498$11,782$9,648
7 years$12,663$11,813$11,018$10,275$9,582$7,555
8 years$10,968$10,126$9,344$8,620$7,949$6,027
9 years$9,651$8,816$8,048$7,342$6,694$4,875
10 years$8,597$7,771$7,017$6,329$5,704$3,986
11 years$7,736$6,918$6,177$5,508$4,906$3,286
12 years$7,019$6,209$5,482$4,831$4,251$2,726
13 years$6,413$5,612$4,898$4,265$3,707$2,274
14 years$5,893$5,101$4,401$3,786$3,250$1,905
15 years$5,444$4,660$3,973$3,377$2,861$1,602
16 years$5,051$4,275$3,602$3,023$2,529$1,350
17 years$4,704$3,937$3,278$2,717$2,242$1,141
18 years$4,397$3,638$2,992$2,448$1,994$966
19 years$4,122$3,372$2,739$2,212$1,777$820
20 years$3,874$3,133$2,514$2,004$1,587$696
21 years$3,651$2,918$2,313$1,818$1,420$592
22 years$3,448$2,724$2,131$1,653$1,273$504
23 years$3,264$2,548$1,968$1,506$1,143$429
24 years$3,094$2,387$1,820$1,373$1,027$366
25 years$2,939$2,240$1,686$1,254$924$312
26 years$2,796$2,106$1,563$1,147$833$267
27 years$2,664$1,982$1,452$1,050$751$228
28 years$2,541$1,867$1,350$962$677$195
29 years$2,427$1,762$1,256$882$612$166
30 years$2,321$1,664$1,170$809$553$142
31 years$2,221$1,573$1,091$743$500$121
32 years$2,129$1,488$1,018$683$452$104
33 years$2,042$1,409$950$628$409$89
34 years$1,960$1,336$888$578$370$76
35 years$1,883$1,267$830$532$335$65
36 years$1,811$1,202$776$490$304$56
37 years$1,742$1,142$727$451$275$48
38 years$1,678$1,085$681$416$250$41
39 years$1,616$1,032$638$384$226$35
40 years$1,559$982$598$354$205$30
41 years$1,504$935$560$327$186$26
42 years$1,451$890$526$301$169$22
43 years$1,402$848$493$278$153$19
44 years$1,354$808$463$257$139$16
45 years$1,309$771$435$237$126$14
46 years$1,267$735$408$219$115$12
47 years$1,226$702$384$202$104$10
48 years$1,186$670$360$187$95$9
49 years$1,149$640$339$173$86$7
50 years$1,113$611$319$160$78$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,140,000, adding $6,789 every year, while hoping to spend $47,566 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: 75/8/17 Blend
49$1,140,000$1,140,000$1,140,000$1,140,000
50$1,263,283$1,202,863$1,185,193$1,352,677
51$1,341,528$1,211,193$1,174,287$1,421,091
52$1,426,160$1,218,338$1,161,422$1,489,515
53$1,517,779$1,224,188$1,146,481$1,563,247
54$1,617,048$1,228,628$1,129,343$1,642,800
55$1,724,693$1,231,537$1,109,882$1,728,744
56$1,841,512$1,232,783$1,087,964$1,821,704
57$1,968,386$1,232,228$1,063,450$1,922,372
58$2,106,280$1,229,726$1,036,194$2,031,508
59$2,256,259$1,225,121$1,006,045$2,149,953
60$2,419,492$1,218,247$972,842$2,278,631
61$2,597,268$1,208,929$936,420$2,418,563
62$2,791,003$1,196,980$896,604$2,570,874
63$3,002,257$1,182,203$853,211$2,736,804
64$3,232,745$1,164,390$806,052$2,917,721
65$3,484,357$1,143,317$754,927$3,115,134
66$3,759,173$1,118,751$699,629$3,330,704
67$4,059,482$1,090,443$639,939$3,566,264
68$4,387,803$1,058,129$575,632$3,823,837
69$4,746,913$1,021,531$506,469$4,105,651
70$5,139,865$980,353$432,203$4,414,162
71$5,570,025$934,284$352,575$4,752,080
72$6,041,096$882,993$267,315$5,122,392
73$6,557,160$826,131$176,142$5,528,391
74$7,122,707$763,328$78,760$5,973,708
75$7,742,687$694,195$0$6,462,346
76$8,422,550$618,319$0$7,003,282
77$9,168,296$535,263$0$7,612,362
78$9,986,538$444,567$0$8,280,708
79$10,884,558$345,743$0$9,014,298
80$11,870,376$238,278$0$9,819,718
81$12,952,829$121,629$0$10,704,225
82$14,141,650$0$0$11,675,815
83$15,447,562$0$0$12,743,720
84$16,882,375$0$0$13,928,847
85$18,459,103$0$0$15,231,243
86$20,192,081$0$0$16,662,756
87$22,097,102$0$0$18,236,437
88$24,191,567$0$0$19,966,667
89$26,494,644$0$0$21,869,289
90$29,027,455$0$0$23,961,759
91$31,813,269$0$0$26,263,307
92$34,877,724$0$0$28,795,123
93$38,249,068$0$0$31,580,552
94$41,958,424$0$0$34,645,317
95$46,040,085$0$0$38,017,760
96$50,531,835$0$0$41,729,109
97$55,475,307$0$0$45,813,771
98$60,916,373$0$0$50,309,661
99$66,905,580$0$0$55,258,552
100$73,498,621$0$0$60,706,475