Can I retire at age 50 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$114,785$113,762$112,765$111,791$110,841$107,898
2 years$56,824$55,766$54,740$53,746$52,781$49,838
3 years$37,507$36,444$35,421$34,435$33,487$30,634
4 years$27,850$26,790$25,777$24,809$23,883$21,142
5 years$22,057$21,004$20,004$19,056$18,155$15,535
6 years$18,196$17,151$16,166$15,239$14,366$11,868
7 years$15,440$14,403$13,434$12,529$11,683$9,308
8 years$13,374$12,346$11,393$10,510$9,692$7,439
9 years$11,767$10,750$9,813$8,952$8,162$6,029
10 years$10,483$9,475$8,555$7,717$6,955$4,938
11 years$9,433$8,435$7,532$6,716$5,981$4,078
12 years$8,558$7,571$6,684$5,891$5,183$3,391
13 years$7,819$6,842$5,972$5,201$4,520$2,834
14 years$7,186$6,219$5,366$4,617$3,962$2,379
15 years$6,637$5,681$4,845$4,117$3,489$2,004
16 years$6,158$5,213$4,392$3,687$3,083$1,693
17 years$5,736$4,801$3,997$3,312$2,734$1,434
18 years$5,361$4,436$3,649$2,985$2,431$1,217
19 years$5,025$4,111$3,340$2,697$2,167$1,035
20 years$4,724$3,820$3,065$2,443$1,935$881
21 years$4,452$3,559$2,820$2,217$1,732$751
22 years$4,205$3,322$2,599$2,016$1,552$641
23 years$3,979$3,107$2,399$1,836$1,393$547
24 years$3,773$2,911$2,219$1,674$1,252$468
25 years$3,584$2,732$2,055$1,529$1,127$400
26 years$3,409$2,567$1,906$1,398$1,015$342
27 years$3,248$2,416$1,770$1,280$915$293
28 years$3,098$2,277$1,646$1,173$826$251
29 years$2,959$2,148$1,531$1,075$746$215
30 years$2,829$2,028$1,426$987$674$184
31 years$2,709$1,918$1,330$906$609$158
32 years$2,595$1,814$1,241$833$551$135
33 years$2,489$1,718$1,158$766$499$116
34 years$2,390$1,628$1,082$705$452$100
35 years$2,296$1,545$1,012$649$409$85
36 years$2,208$1,466$947$597$371$73
37 years$2,124$1,392$886$551$336$63
38 years$2,046$1,323$830$507$304$54
39 years$1,971$1,258$777$468$276$46
40 years$1,900$1,197$729$432$250$40
41 years$1,833$1,140$683$398$227$34
42 years$1,770$1,085$641$367$206$29
43 years$1,709$1,034$601$339$187$25
44 years$1,652$986$565$313$170$22
45 years$1,597$940$530$289$154$18
46 years$1,544$897$498$267$140$16
47 years$1,494$856$468$247$127$14
48 years$1,447$817$440$228$115$12
49 years$1,401$780$413$211$105$10
50 years$1,357$745$388$195$95$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,390,000, adding $3,504 every year, while hoping to spend $46,883 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: 43/42/15 Blend
49$1,390,000$1,390,000$1,390,000$1,390,000
50$1,535,394$1,461,724$1,440,179$1,594,581
51$1,642,121$1,483,466$1,438,542$1,658,196
52$1,758,163$1,504,701$1,435,279$1,722,143
53$1,884,421$1,525,356$1,430,285$1,790,410
54$2,021,885$1,545,351$1,423,453$1,863,415
55$2,171,645$1,564,602$1,414,667$1,941,620
56$2,334,902$1,583,017$1,403,808$2,025,534
57$2,512,977$1,600,499$1,390,750$2,115,722
58$2,707,322$1,616,946$1,375,362$2,212,806
59$2,919,539$1,632,246$1,357,506$2,317,476
60$3,151,388$1,646,281$1,337,038$2,430,490
61$3,404,808$1,658,928$1,313,807$2,552,691
62$3,681,934$1,670,051$1,287,656$2,685,005
63$3,985,117$1,679,509$1,258,418$2,828,459
64$4,316,944$1,687,151$1,225,921$2,984,186
65$4,680,267$1,692,815$1,189,983$3,153,438
66$5,078,223$1,696,332$1,150,416$3,337,598
67$5,514,268$1,697,519$1,107,022$3,538,191
68$5,992,209$1,696,183$1,059,593$3,756,907
69$6,516,238$1,692,119$1,007,912$3,995,606
70$7,090,971$1,685,110$951,755$4,256,346
71$7,721,495$1,674,925$890,883$4,541,399
72$8,413,411$1,661,320$825,051$4,853,273
73$9,172,888$1,644,034$753,999$5,194,737
74$10,006,722$1,622,792$677,459$5,568,849
75$10,922,402$1,597,302$595,147$5,978,986
76$11,928,173$1,567,256$506,771$6,428,872
77$13,033,120$1,532,325$412,021$6,922,621
78$14,247,253$1,492,164$310,579$7,464,774
79$15,581,598$1,446,405$202,108$8,060,342
80$17,048,301$1,394,658$86,258$8,714,856
81$18,660,745$1,336,514$0$9,434,420
82$20,433,674$1,271,536$0$10,231,751
83$22,383,332$1,199,265$0$11,123,424
84$24,527,616$1,119,213$0$12,103,882
85$26,886,245$1,030,867$0$13,182,244
86$29,480,943$933,680$0$14,368,563
87$32,335,648$827,079$0$15,673,929
88$35,476,734$710,456$0$17,110,572
89$38,933,260$583,167$0$18,691,977
90$42,737,245$444,536$0$20,433,018
91$46,923,971$293,844$0$22,350,098
92$51,532,309$130,336$0$24,461,302
93$56,605,094$0$0$26,786,574
94$62,189,522$0$0$29,369,533
95$68,337,599$0$0$32,279,724
96$75,106,630$0$0$35,484,061
97$82,559,757$0$0$39,012,461
98$90,766,559$0$0$42,897,894
99$99,803,705$0$0$47,176,684
100$109,755,677$0$0$51,888,862