Can I retire at age 50 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$90,011$89,209$88,427$87,664$86,918$83,470
2 years$44,560$43,730$42,926$42,146$41,390$37,958
3 years$29,412$28,578$27,776$27,003$26,259$22,953
4 years$21,839$21,008$20,214$19,454$18,728$15,572
5 years$17,296$16,470$15,687$14,943$14,237$11,239
6 years$14,269$13,449$12,677$11,950$11,265$8,427
7 years$12,108$11,295$10,535$9,825$9,162$6,483
8 years$10,487$9,682$8,934$8,242$7,600$5,078
9 years$9,228$8,430$7,695$7,020$6,401$4,030
10 years$8,220$7,430$6,709$6,051$5,454$3,231
11 years$7,397$6,615$5,906$5,267$4,690$2,611
12 years$6,711$5,937$5,242$4,619$4,065$2,122
13 years$6,131$5,365$4,683$4,078$3,544$1,733
14 years$5,635$4,877$4,208$3,620$3,107$1,421
15 years$5,205$4,455$3,799$3,229$2,736$1,168
16 years$4,829$4,088$3,444$2,891$2,418$963
17 years$4,498$3,765$3,134$2,597$2,144$796
18 years$4,204$3,479$2,861$2,341$1,906$658
19 years$3,941$3,224$2,619$2,115$1,699$546
20 years$3,705$2,996$2,404$1,916$1,518$453
21 years$3,491$2,790$2,211$1,739$1,358$376
22 years$3,297$2,605$2,038$1,581$1,217$312
23 years$3,121$2,436$1,882$1,440$1,093$260
24 years$2,959$2,283$1,740$1,313$982$216
25 years$2,810$2,142$1,612$1,199$884$180
26 years$2,673$2,013$1,495$1,096$796$150
27 years$2,547$1,895$1,388$1,004$718$125
28 years$2,429$1,785$1,290$919$648$104
29 years$2,320$1,684$1,201$843$585$86
30 years$2,219$1,591$1,119$774$528$72
31 years$2,124$1,504$1,043$711$478$60
32 years$2,035$1,423$973$653$432$50
33 years$1,952$1,347$908$601$391$42
34 years$1,874$1,277$849$553$354$35
35 years$1,800$1,211$794$509$321$29
36 years$1,731$1,150$742$469$291$24
37 years$1,666$1,092$695$432$263$20
38 years$1,604$1,038$651$398$239$17
39 years$1,546$987$610$367$217$14
40 years$1,490$939$571$338$196$12
41 years$1,438$894$536$312$178$10
42 years$1,388$851$503$288$162$8
43 years$1,340$811$472$266$147$7
44 years$1,295$773$443$246$133$6
45 years$1,252$737$416$227$121$5
46 years$1,211$703$390$210$110$4
47 years$1,172$671$367$194$100$3
48 years$1,134$641$345$179$91$3
49 years$1,098$612$324$165$82$2
50 years$1,064$584$305$153$75$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,090,000, adding $3,214 every year, while hoping to spend $40,964 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: 39/39/22 Blend
49$1,090,000$1,090,000$1,090,000$1,090,000
50$1,204,495$1,146,725$1,129,830$1,243,475
51$1,283,768$1,159,329$1,124,094$1,284,504
52$1,369,754$1,171,178$1,116,793$1,324,738
53$1,463,095$1,182,191$1,107,831$1,367,416
54$1,564,495$1,192,284$1,097,108$1,412,783
55$1,674,732$1,201,363$1,084,519$1,461,112
56$1,794,658$1,209,334$1,069,954$1,512,706
57$1,925,213$1,216,091$1,053,298$1,567,900
58$2,067,432$1,221,527$1,034,430$1,627,066
59$2,222,451$1,225,522$1,013,224$1,690,616
60$2,391,522$1,227,954$989,549$1,759,008
61$2,576,023$1,228,690$963,265$1,832,748
62$2,777,472$1,227,590$934,228$1,912,399
63$2,997,537$1,224,505$902,288$1,998,582
64$3,238,057$1,219,276$867,285$2,091,987
65$3,501,055$1,211,737$829,056$2,193,378
66$3,788,759$1,201,709$787,426$2,303,600
67$4,103,623$1,189,004$742,215$2,423,589
68$4,448,348$1,173,420$693,235$2,554,383
69$4,825,909$1,154,747$640,288$2,697,127
70$5,239,582$1,132,760$583,168$2,853,092
71$5,692,974$1,107,221$521,659$3,023,681
72$6,190,060$1,077,877$455,537$3,210,449
73$6,735,215$1,044,461$384,566$3,415,113
74$7,333,260$1,006,693$308,502$3,639,574
75$7,989,503$964,271$227,087$3,885,934
76$8,709,793$916,881$140,055$4,156,515
77$9,500,571$864,188$47,127$4,453,887
78$10,368,934$805,838$0$4,780,888
79$11,322,698$741,456$0$5,152,872
80$12,370,474$670,648$0$5,573,690
81$13,521,748$592,996$0$6,036,173
82$14,786,971$508,058$0$6,544,630
83$16,177,656$415,366$0$7,103,819
84$17,706,487$314,429$0$7,718,989
85$19,387,438$204,725$0$8,395,932
86$21,235,905$85,705$0$9,141,038
87$23,268,850$0$0$9,961,361
88$25,504,963$0$0$10,883,226
89$27,964,833$0$0$11,937,963
90$30,671,150$0$0$13,098,539
91$33,648,908$0$0$14,375,696
92$36,925,651$0$0$15,781,268
93$40,531,724$0$0$17,328,294
94$44,500,567$0$0$19,031,143
95$48,869,022$0$0$20,905,647
96$53,677,685$0$0$22,969,250
97$58,971,288$0$0$25,241,174
98$64,799,121$0$0$27,742,599
99$71,215,495$0$0$30,496,865
100$78,280,256$0$0$33,529,689