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%19%
1 years$94,140$93,302$92,483$91,685$90,905$87,610
2 years$46,604$45,736$44,895$44,079$43,288$40,005
3 years$30,761$29,889$29,050$28,242$27,464$24,295
4 years$22,841$21,972$21,141$20,347$19,587$16,558
5 years$18,090$17,226$16,406$15,628$14,890$12,007
6 years$14,924$14,066$13,259$12,498$11,782$9,048
7 years$12,663$11,813$11,018$10,275$9,582$6,996
8 years$10,968$10,126$9,344$8,620$7,949$5,509
9 years$9,651$8,816$8,048$7,342$6,694$4,397
10 years$8,597$7,771$7,017$6,329$5,704$3,546
11 years$7,736$6,918$6,177$5,508$4,906$2,882
12 years$7,019$6,209$5,482$4,831$4,251$2,356
13 years$6,413$5,612$4,898$4,265$3,707$1,936
14 years$5,893$5,101$4,401$3,786$3,250$1,598
15 years$5,444$4,660$3,973$3,377$2,861$1,322
16 years$5,051$4,275$3,602$3,023$2,529$1,097
17 years$4,704$3,937$3,278$2,717$2,242$912
18 years$4,397$3,638$2,992$2,448$1,994$760
19 years$4,122$3,372$2,739$2,212$1,777$634
20 years$3,874$3,133$2,514$2,004$1,587$530
21 years$3,651$2,918$2,313$1,818$1,420$443
22 years$3,448$2,724$2,131$1,653$1,273$371
23 years$3,264$2,548$1,968$1,506$1,143$310
24 years$3,094$2,387$1,820$1,373$1,027$260
25 years$2,939$2,240$1,686$1,254$924$218
26 years$2,796$2,106$1,563$1,147$833$183
27 years$2,664$1,982$1,452$1,050$751$153
28 years$2,541$1,867$1,350$962$677$129
29 years$2,427$1,762$1,256$882$612$108
30 years$2,321$1,664$1,170$809$553$91
31 years$2,221$1,573$1,091$743$500$76
32 years$2,129$1,488$1,018$683$452$64
33 years$2,042$1,409$950$628$409$54
34 years$1,960$1,336$888$578$370$45
35 years$1,883$1,267$830$532$335$38
36 years$1,811$1,202$776$490$304$32
37 years$1,742$1,142$727$451$275$27
38 years$1,678$1,085$681$416$250$22
39 years$1,616$1,032$638$384$226$19
40 years$1,559$982$598$354$205$16
41 years$1,504$935$560$327$186$13
42 years$1,451$890$526$301$169$11
43 years$1,402$848$493$278$153$9
44 years$1,354$808$463$257$139$8
45 years$1,309$771$435$237$126$7
46 years$1,267$735$408$219$115$6
47 years$1,226$702$384$202$104$5
48 years$1,186$670$360$187$95$4
49 years$1,149$640$339$173$86$3
50 years$1,113$611$319$160$78$3

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 $3,922 every year, while hoping to spend $42,282 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: 52/20/28 Blend
49$1,140,000$1,140,000$1,140,000$1,140,000
50$1,260,326$1,199,906$1,182,236$1,315,780
51$1,343,891$1,213,713$1,176,853$1,368,547
52$1,434,563$1,226,780$1,169,872$1,421,330
53$1,533,022$1,239,026$1,161,197$1,477,915
54$1,640,016$1,250,364$1,150,722$1,538,683
55$1,756,368$1,260,702$1,138,342$1,604,056
56$1,882,983$1,269,942$1,123,942$1,674,499
57$2,020,859$1,277,981$1,107,406$1,750,528
58$2,171,091$1,284,706$1,088,608$1,832,711
59$2,334,885$1,290,000$1,067,420$1,921,679
60$2,513,571$1,293,738$1,043,706$2,018,126
61$2,708,609$1,295,785$1,017,324$2,122,821
62$2,921,609$1,296,000$988,126$2,236,614
63$3,154,342$1,294,232$955,956$2,360,442
64$3,408,757$1,290,322$920,653$2,495,345
65$3,687,001$1,284,099$882,047$2,642,465
66$3,991,439$1,275,384$839,959$2,803,071
67$4,324,673$1,263,985$794,205$2,978,558
68$4,689,570$1,249,700$744,590$3,170,472
69$5,089,284$1,232,314$690,913$3,380,517
70$5,527,294$1,211,599$632,961$3,610,577
71$6,007,425$1,187,315$570,512$3,862,730
72$6,533,895$1,159,206$503,337$4,139,272
73$7,111,347$1,127,002$431,193$4,442,738
74$7,744,895$1,090,416$353,829$4,775,925
75$8,440,173$1,049,145$270,981$5,141,923
76$9,203,386$1,002,868$182,375$5,544,141
77$10,041,370$951,248$87,723$5,986,341
78$10,961,655$893,923$0$6,472,677
79$11,972,534$830,516$0$7,011,702
80$13,083,146$760,625$0$7,632,730
81$14,303,557$683,826$0$8,315,206
82$15,644,857$599,670$0$9,065,388
83$17,119,263$507,685$0$9,890,178
84$18,740,235$407,369$0$10,797,184
85$20,522,603$298,194$0$11,794,790
86$22,482,705$179,601$0$12,892,243
87$24,638,541$51,002$0$14,099,732
88$27,009,944$0$0$15,428,491
89$29,618,766$0$0$16,910,319
90$32,489,083$0$0$18,553,159
91$35,647,421$0$0$20,360,986
92$39,123,011$0$0$22,350,546
93$42,948,057$0$0$24,540,292
94$47,158,044$0$0$26,950,557
95$51,792,072$0$0$29,603,745
96$56,893,224$0$0$32,524,541
97$62,508,972$0$0$35,740,146
98$68,691,625$0$0$39,280,533
99$75,498,820$0$0$43,178,729
100$82,994,070$0$0$47,471,126