Can I retire at age 50 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$92,489$91,665$90,861$90,076$89,310$87,939
2 years$45,786$44,934$44,107$43,306$42,529$41,151
3 years$30,221$29,365$28,540$27,747$26,982$25,640
4 years$22,440$21,586$20,770$19,990$19,244$17,948
5 years$17,772$16,924$16,118$15,354$14,629$13,383
6 years$14,662$13,820$13,026$12,279$11,575$10,381
7 years$12,441$11,606$10,825$10,095$9,414$8,271
8 years$10,776$9,948$9,180$8,469$7,810$6,719
9 years$9,482$8,662$7,907$7,213$6,577$5,537
10 years$8,447$7,635$6,893$6,218$5,604$4,615
11 years$7,601$6,797$6,069$5,411$4,819$3,879
12 years$6,896$6,100$5,386$4,747$4,176$3,285
13 years$6,300$5,513$4,812$4,191$3,642$2,797
14 years$5,790$5,011$4,324$3,720$3,193$2,393
15 years$5,348$4,578$3,904$3,317$2,811$2,055
16 years$4,962$4,200$3,539$2,970$2,484$1,771
17 years$4,622$3,868$3,221$2,669$2,203$1,531
18 years$4,319$3,574$2,940$2,405$1,959$1,326
19 years$4,049$3,313$2,691$2,173$1,746$1,151
20 years$3,807$3,078$2,470$1,968$1,559$1,001
21 years$3,587$2,867$2,272$1,786$1,395$871
22 years$3,388$2,677$2,094$1,624$1,251$760
23 years$3,206$2,503$1,933$1,479$1,123$663
24 years$3,040$2,345$1,788$1,349$1,009$580
25 years$2,888$2,201$1,656$1,232$908$507
26 years$2,747$2,069$1,536$1,127$818$443
27 years$2,617$1,947$1,426$1,031$737$388
28 years$2,496$1,834$1,326$945$665$340
29 years$2,384$1,731$1,234$866$601$298
30 years$2,280$1,634$1,149$795$543$261
31 years$2,182$1,545$1,071$730$491$229
32 years$2,091$1,462$1,000$671$444$201
33 years$2,006$1,384$933$617$402$177
34 years$1,925$1,312$872$568$364$155
35 years$1,850$1,245$815$523$330$136
36 years$1,779$1,181$763$481$299$120
37 years$1,712$1,122$714$444$271$105
38 years$1,648$1,066$669$409$245$92
39 years$1,588$1,014$626$377$222$81
40 years$1,531$965$587$348$202$71
41 years$1,477$918$551$321$183$63
42 years$1,426$874$516$296$166$55
43 years$1,377$833$485$273$151$48
44 years$1,331$794$455$252$137$43
45 years$1,286$757$427$233$124$37
46 years$1,244$723$401$215$113$33
47 years$1,204$689$377$199$102$29
48 years$1,166$658$354$184$93$25
49 years$1,129$629$333$170$84$22
50 years$1,094$600$313$157$77$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,120,000, adding $2,420 every year, while hoping to spend $46,269 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: 58/32/10 Blend
49$1,120,000$1,120,000$1,120,000$1,120,000
50$1,236,736$1,177,376$1,160,016$1,305,386
51$1,313,653$1,185,838$1,149,647$1,360,362
52$1,396,866$1,193,163$1,137,379$1,414,860
53$1,486,966$1,199,248$1,123,102$1,473,141
54$1,584,606$1,203,981$1,106,695$1,535,571
55$1,690,504$1,207,244$1,088,037$1,602,556
56$1,805,447$1,208,911$1,066,999$1,674,546
57$1,930,304$1,208,849$1,043,445$1,752,037
58$2,066,029$1,206,917$1,017,234$1,835,575
59$2,213,671$1,202,962$988,218$1,925,766
60$2,374,385$1,196,827$956,243$2,023,279
61$2,549,441$1,188,341$921,146$2,128,852
62$2,740,239$1,177,324$882,759$2,243,303
63$2,948,317$1,163,587$840,905$2,367,531
64$3,175,369$1,146,926$795,399$2,502,534
65$3,423,259$1,127,128$746,048$2,649,411
66$3,694,040$1,103,966$692,649$2,809,377
67$3,989,972$1,077,200$634,993$2,983,774
68$4,313,542$1,046,575$572,857$3,174,084
69$4,667,488$1,011,822$506,013$3,381,944
70$5,054,827$972,657$434,219$3,609,160
71$5,478,878$928,776$357,225$3,857,728
72$5,943,300$879,862$274,768$4,129,852
73$6,452,118$825,577$186,575$4,427,964
74$7,009,768$765,564$92,359$4,754,749
75$7,621,133$699,446$0$5,113,171
76$8,291,593$626,823$0$5,507,377
77$9,027,073$547,275$0$5,950,679
78$9,834,098$460,355$0$6,437,233
79$10,719,858$365,594$0$6,971,475
80$11,692,269$262,494$0$7,558,300
81$12,760,054$150,530$0$8,203,106
82$13,932,822$29,148$0$8,911,847
83$15,221,156$0$0$9,691,093
84$16,636,716$0$0$10,584,089
85$18,192,348$0$0$11,576,829
86$19,902,203$0$0$12,668,094
87$21,781,871$0$0$13,867,846
88$23,848,530$0$0$15,187,063
89$26,121,102$0$0$16,637,837
90$28,620,438$0$0$18,233,494
91$31,369,507$0$0$19,988,714
92$34,393,620$0$0$21,919,671
93$37,720,662$0$0$24,044,187
94$41,381,357$0$0$26,381,899
95$45,409,559$0$0$28,954,441
96$49,842,567$0$0$31,785,652
97$54,721,480$0$0$34,901,799
98$60,091,585$0$0$38,331,825
99$66,002,778$0$0$42,107,619
100$72,510,042$0$0$46,264,322