Can I retire at age 50 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$91,663$90,846$90,050$89,272$88,513$87,516
2 years$45,378$44,532$43,713$42,919$42,149$41,145
3 years$29,951$29,102$28,285$27,499$26,741$25,762
4 years$22,240$21,393$20,585$19,811$19,072$18,125
5 years$17,614$16,773$15,974$15,217$14,498$13,586
6 years$14,531$13,696$12,910$12,169$11,472$10,595
7 years$12,330$11,502$10,728$10,005$9,330$8,489
8 years$10,680$9,859$9,098$8,393$7,740$6,936
9 years$9,397$8,584$7,836$7,149$6,518$5,750
10 years$8,371$7,567$6,832$6,162$5,554$4,821
11 years$7,533$6,736$6,015$5,363$4,776$4,078
12 years$6,834$6,046$5,338$4,704$4,139$3,475
13 years$6,244$5,464$4,769$4,153$3,609$2,978
14 years$5,738$4,966$4,285$3,687$3,164$2,565
15 years$5,300$4,537$3,869$3,288$2,786$2,219
16 years$4,918$4,163$3,508$2,944$2,462$1,925
17 years$4,580$3,834$3,192$2,645$2,183$1,676
18 years$4,281$3,542$2,914$2,384$1,941$1,462
19 years$4,013$3,283$2,667$2,154$1,730$1,278
20 years$3,773$3,051$2,448$1,951$1,545$1,120
21 years$3,555$2,842$2,252$1,770$1,383$982
22 years$3,358$2,653$2,075$1,610$1,240$863
23 years$3,178$2,481$1,916$1,466$1,113$759
24 years$3,013$2,324$1,772$1,337$1,000$668
25 years$2,862$2,181$1,641$1,221$900$589
26 years$2,722$2,050$1,522$1,117$811$520
27 years$2,593$1,929$1,414$1,022$731$459
28 years$2,474$1,818$1,314$936$660$405
29 years$2,363$1,715$1,223$859$596$358
30 years$2,259$1,620$1,139$788$538$316
31 years$2,163$1,531$1,062$724$486$280
32 years$2,073$1,449$991$665$440$248
33 years$1,988$1,372$925$612$398$219
34 years$1,908$1,300$864$563$361$194
35 years$1,833$1,233$808$518$327$172
36 years$1,763$1,171$756$477$296$152
37 years$1,696$1,112$708$440$268$135
38 years$1,633$1,057$663$405$243$120
39 years$1,574$1,005$621$374$220$106
40 years$1,518$956$582$345$200$94
41 years$1,464$910$546$318$181$83
42 years$1,413$867$512$293$165$74
43 years$1,365$826$480$271$149$65
44 years$1,319$787$451$250$136$58
45 years$1,275$751$423$231$123$51
46 years$1,233$716$398$213$112$46
47 years$1,193$683$373$197$102$40
48 years$1,155$652$351$182$92$36
49 years$1,119$623$330$168$84$32
50 years$1,084$595$310$156$76$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,110,000, adding $5,905 every year, while hoping to spend $50,235 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: 45/49/6 Blend
49$1,110,000$1,110,000$1,110,000$1,110,000
50$1,229,311$1,170,481$1,153,276$1,282,331
51$1,301,251$1,174,385$1,138,461$1,323,376
52$1,378,845$1,176,796$1,121,466$1,362,162
53$1,462,618$1,177,589$1,102,165$1,403,040
54$1,553,143$1,176,630$1,080,426$1,446,219
55$1,651,055$1,173,776$1,056,111$1,491,932
56$1,757,047$1,168,875$1,029,076$1,540,435
57$1,871,884$1,161,769$999,169$1,592,017
58$1,996,407$1,152,286$966,231$1,646,997
59$2,131,539$1,140,247$930,099$1,705,731
60$2,278,297$1,125,460$890,598$1,768,613
61$2,437,799$1,107,722$847,548$1,836,083
62$2,611,273$1,086,820$800,760$1,908,629
63$2,800,074$1,062,525$750,037$1,986,793
64$3,005,690$1,034,598$695,172$2,071,176
65$3,229,759$1,002,781$635,948$2,162,447
66$3,474,084$966,807$572,142$2,261,346
67$3,740,649$926,389$503,517$2,368,698
68$4,031,638$881,225$429,828$2,485,415
69$4,349,456$830,996$350,818$2,612,508
70$4,696,749$775,363$266,218$2,751,100
71$5,076,430$713,968$175,750$2,902,435
72$5,491,708$646,435$79,120$3,067,892
73$5,946,115$572,364$0$3,248,998
74$6,443,541$491,331$0$3,448,982
75$6,988,268$402,893$0$3,673,688
76$7,585,014$306,576$0$3,920,142
77$8,238,971$201,885$0$4,190,663
78$8,955,861$88,292$0$4,487,818
79$9,741,984$0$0$4,814,447
80$10,604,279$0$0$5,192,430
81$11,550,390$0$0$5,659,520
82$12,588,735$0$0$6,172,283
83$13,728,588$0$0$6,735,316
84$14,980,163$0$0$7,353,683
85$16,354,714$0$0$8,032,960
86$17,864,636$0$0$8,779,295
87$19,523,584$0$0$9,599,454
88$21,346,604$0$0$10,500,897
89$23,350,267$0$0$11,491,840
90$25,552,833$0$0$12,581,334
91$27,974,416$0$0$13,779,353
92$30,637,180$0$0$15,096,883
93$33,565,542$0$0$16,546,030
94$36,786,402$0$0$18,140,132
95$40,329,400$0$0$19,893,885
96$44,227,195$0$0$21,823,479
97$48,515,766$0$0$23,946,755
98$53,234,760$0$0$26,283,369
99$58,427,859$0$0$28,854,981
100$64,143,193$0$0$31,685,454