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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$94,140$93,302$92,483$91,685$90,905$88,816
2 years$46,604$45,736$44,895$44,079$43,288$41,195
3 years$30,761$29,889$29,050$28,242$27,464$25,432
4 years$22,841$21,972$21,141$20,347$19,587$17,632
5 years$18,090$17,226$16,406$15,628$14,890$13,017
6 years$14,924$14,066$13,259$12,498$11,782$9,994
7 years$12,663$11,813$11,018$10,275$9,582$7,878
8 years$10,968$10,126$9,344$8,620$7,949$6,329
9 years$9,651$8,816$8,048$7,342$6,694$5,157
10 years$8,597$7,771$7,017$6,329$5,704$4,248
11 years$7,736$6,918$6,177$5,508$4,906$3,529
12 years$7,019$6,209$5,482$4,831$4,251$2,951
13 years$6,413$5,612$4,898$4,265$3,707$2,482
14 years$5,893$5,101$4,401$3,786$3,250$2,096
15 years$5,444$4,660$3,973$3,377$2,861$1,777
16 years$5,051$4,275$3,602$3,023$2,529$1,511
17 years$4,704$3,937$3,278$2,717$2,242$1,288
18 years$4,397$3,638$2,992$2,448$1,994$1,100
19 years$4,122$3,372$2,739$2,212$1,777$942
20 years$3,874$3,133$2,514$2,004$1,587$807
21 years$3,651$2,918$2,313$1,818$1,420$693
22 years$3,448$2,724$2,131$1,653$1,273$595
23 years$3,264$2,548$1,968$1,506$1,143$512
24 years$3,094$2,387$1,820$1,373$1,027$441
25 years$2,939$2,240$1,686$1,254$924$380
26 years$2,796$2,106$1,563$1,147$833$327
27 years$2,664$1,982$1,452$1,050$751$282
28 years$2,541$1,867$1,350$962$677$243
29 years$2,427$1,762$1,256$882$612$210
30 years$2,321$1,664$1,170$809$553$181
31 years$2,221$1,573$1,091$743$500$157
32 years$2,129$1,488$1,018$683$452$135
33 years$2,042$1,409$950$628$409$117
34 years$1,960$1,336$888$578$370$101
35 years$1,883$1,267$830$532$335$87
36 years$1,811$1,202$776$490$304$75
37 years$1,742$1,142$727$451$275$65
38 years$1,678$1,085$681$416$250$56
39 years$1,616$1,032$638$384$226$49
40 years$1,559$982$598$354$205$42
41 years$1,504$935$560$327$186$36
42 years$1,451$890$526$301$169$32
43 years$1,402$848$493$278$153$27
44 years$1,354$808$463$257$139$24
45 years$1,309$771$435$237$126$20
46 years$1,267$735$408$219$115$18
47 years$1,226$702$384$202$104$15
48 years$1,186$670$360$187$95$13
49 years$1,149$640$339$173$86$11
50 years$1,113$611$319$160$78$10

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 $6,089 every year, while hoping to spend $22,386 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: 40/49/11 Blend
49$1,140,000$1,140,000$1,140,000$1,140,000
50$1,262,561$1,202,141$1,184,471$1,308,676
51$1,367,523$1,237,227$1,200,332$1,376,843
52$1,482,442$1,273,282$1,215,974$1,447,861
53$1,608,308$1,310,331$1,231,367$1,524,189
54$1,746,215$1,348,396$1,246,477$1,606,317
55$1,897,364$1,387,503$1,261,269$1,694,783
56$2,063,082$1,427,676$1,275,708$1,790,180
57$2,244,826$1,468,943$1,289,754$1,893,161
58$2,444,204$1,511,327$1,303,367$2,004,443
59$2,662,987$1,554,856$1,316,504$2,124,814
60$2,903,125$1,599,557$1,329,119$2,255,143
61$3,166,764$1,645,456$1,341,165$2,396,385
62$3,456,271$1,692,580$1,352,592$2,549,592
63$3,774,253$1,740,959$1,363,346$2,715,920
64$4,123,581$1,790,620$1,373,372$2,896,644
65$4,507,417$1,841,591$1,382,610$3,093,166
66$4,929,246$1,893,901$1,391,000$3,307,030
67$5,392,907$1,947,581$1,398,477$3,539,935
68$5,902,629$2,002,657$1,404,971$3,793,753
69$6,463,071$2,059,162$1,410,412$4,070,546
70$7,079,368$2,117,124$1,414,724$4,372,582
71$7,757,174$2,176,574$1,417,828$4,702,362
72$8,502,721$2,237,541$1,419,641$5,062,639
73$9,322,875$2,300,057$1,420,075$5,456,445
74$10,225,201$2,364,152$1,419,040$5,887,119
75$11,218,032$2,429,857$1,416,438$6,358,341
76$12,310,553$2,497,201$1,412,171$6,874,163
77$13,512,881$2,566,216$1,406,131$7,439,049
78$14,836,167$2,636,933$1,398,208$8,057,917
79$16,292,695$2,709,381$1,388,287$8,736,184
80$17,896,000$2,783,591$1,376,245$9,479,820
81$19,660,999$2,859,594$1,361,955$10,295,398
82$21,604,124$2,937,418$1,345,285$11,190,166
83$23,743,487$3,017,093$1,326,093$12,172,103
84$26,099,040$3,098,647$1,304,235$13,250,004
85$28,692,771$3,182,111$1,279,556$14,433,560
86$31,548,910$3,267,510$1,251,897$15,733,445
87$34,694,153$3,354,872$1,221,090$17,161,423
88$38,157,919$3,444,224$1,186,959$18,730,455
89$41,972,626$3,535,590$1,149,321$20,454,824
90$46,173,995$3,628,995$1,107,985$22,350,266
91$50,801,388$3,724,462$1,062,748$24,434,122
92$55,898,182$3,822,012$1,013,402$26,725,498
93$61,512,173$3,921,667$959,727$29,245,450
94$67,696,030$4,023,444$901,494$32,017,178
95$74,507,794$4,127,362$838,463$35,066,248
96$82,011,421$4,233,435$770,384$38,420,830
97$90,277,389$4,341,676$696,994$42,111,970
98$99,383,361$4,452,096$618,021$46,173,875
99$109,414,918$4,564,704$533,180$50,644,243
100$120,466,370$4,679,504$442,172$55,564,613