Can I retire at age 50 with 1,410,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,410,000?

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$116,436$115,399$114,387$113,400$112,435$111,169
2 years$57,642$56,568$55,528$54,519$53,541$52,265
3 years$38,046$36,968$35,930$34,931$33,968$32,724
4 years$28,250$27,175$26,148$25,166$24,227$23,023
5 years$22,374$21,306$20,292$19,330$18,417$17,257
6 years$18,458$17,398$16,399$15,458$14,572$13,459
7 years$15,662$14,611$13,628$12,709$11,851$10,784
8 years$13,566$12,524$11,557$10,661$9,832$8,810
9 years$11,937$10,904$9,954$9,081$8,280$7,304
10 years$10,634$9,612$8,678$7,828$7,055$6,124
11 years$9,569$8,557$7,640$6,813$6,067$5,180
12 years$8,681$7,680$6,781$5,976$5,258$4,414
13 years$7,931$6,941$6,058$5,276$4,585$3,783
14 years$7,289$6,309$5,443$4,683$4,019$3,259
15 years$6,733$5,763$4,914$4,176$3,539$2,818
16 years$6,247$5,288$4,456$3,740$3,128$2,446
17 years$5,818$4,870$4,054$3,360$2,773$2,128
18 years$5,438$4,500$3,701$3,028$2,466$1,857
19 years$5,098$4,170$3,388$2,736$2,198$1,624
20 years$4,792$3,875$3,110$2,478$1,963$1,422
21 years$4,516$3,610$2,860$2,249$1,757$1,248
22 years$4,265$3,370$2,636$2,045$1,575$1,096
23 years$4,037$3,151$2,434$1,862$1,414$964
24 years$3,827$2,953$2,251$1,698$1,270$849
25 years$3,635$2,771$2,085$1,551$1,143$748
26 years$3,458$2,604$1,934$1,418$1,030$660
27 years$3,294$2,451$1,796$1,298$928$583
28 years$3,143$2,309$1,669$1,189$838$515
29 years$3,002$2,179$1,553$1,091$756$455
30 years$2,870$2,058$1,447$1,001$684$402
31 years$2,747$1,945$1,349$919$618$356
32 years$2,633$1,840$1,259$845$559$315
33 years$2,525$1,743$1,175$777$506$278
34 years$2,424$1,652$1,098$715$458$247
35 years$2,329$1,567$1,026$658$415$218
36 years$2,239$1,487$960$606$376$193
37 years$2,155$1,412$899$558$341$171
38 years$2,075$1,342$842$515$309$152
39 years$1,999$1,276$789$475$280$135
40 years$1,928$1,214$739$438$254$119
41 years$1,860$1,156$693$404$230$106
42 years$1,795$1,101$650$373$209$94
43 years$1,734$1,049$610$344$190$83
44 years$1,675$1,000$573$318$172$74
45 years$1,620$953$538$293$156$65
46 years$1,566$910$505$271$142$58
47 years$1,516$868$474$250$129$51
48 years$1,467$829$446$231$117$46
49 years$1,421$791$419$214$106$40
50 years$1,377$756$394$198$97$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,410,000, adding $3,962 every year, while hoping to spend $23,899 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: 55/39/6 Blend
49$1,410,000$1,410,000$1,410,000$1,410,000
50$1,557,907$1,483,177$1,461,322$1,641,331
51$1,691,385$1,530,424$1,484,848$1,745,299
52$1,837,677$1,579,186$1,508,361$1,855,435
53$1,998,064$1,629,510$1,531,835$1,974,754
54$2,173,959$1,681,448$1,555,244$2,104,130
55$2,366,916$1,735,052$1,578,558$2,244,524
56$2,578,648$1,790,376$1,601,746$2,396,996
57$2,811,041$1,847,476$1,624,775$2,562,710
58$3,066,173$1,906,408$1,647,611$2,742,946
59$3,346,334$1,967,233$1,670,217$2,939,114
60$3,654,044$2,030,012$1,692,554$3,152,765
61$3,992,082$2,094,808$1,714,580$3,385,606
62$4,363,508$2,161,687$1,736,251$3,639,516
63$4,771,692$2,230,716$1,757,522$3,916,563
64$5,220,349$2,301,965$1,778,344$4,219,024
65$5,713,570$2,375,507$1,798,664$4,549,405
66$6,255,863$2,451,416$1,818,429$4,910,465
67$6,852,195$2,529,769$1,837,580$5,305,243
68$7,508,037$2,610,646$1,856,057$5,737,084
69$8,229,418$2,694,129$1,873,795$6,209,671
70$9,022,980$2,780,302$1,890,729$6,727,061
71$9,896,041$2,869,254$1,906,785$7,293,722
72$10,856,665$2,961,076$1,921,891$7,914,573
73$11,913,736$3,055,860$1,935,965$8,595,032
74$13,077,044$3,153,704$1,948,927$9,341,068
75$14,357,375$3,254,707$1,960,688$10,159,254
76$15,766,613$3,358,974$1,971,157$11,056,829
77$17,317,855$3,466,611$1,980,238$12,041,769
78$19,025,528$3,577,727$1,987,829$13,122,858
79$20,905,535$3,692,438$1,993,823$14,309,774
80$22,975,393$3,810,861$1,998,110$15,613,176
81$25,254,407$3,933,118$2,000,571$17,044,808
82$27,763,850$4,059,334$2,001,083$18,617,606
83$30,527,161$4,189,640$1,999,518$20,345,823
84$33,570,169$4,324,169$1,995,739$22,245,161
85$36,921,335$4,463,062$1,989,605$24,332,916
86$40,612,020$4,606,462$1,980,966$26,628,149
87$44,676,784$4,754,516$1,969,666$29,151,855
88$49,153,707$4,907,379$1,955,541$31,927,169
89$54,084,753$5,065,208$1,938,420$34,979,579
90$59,516,163$5,228,168$1,918,122$38,337,167
91$65,498,892$5,396,428$1,894,459$42,030,876
92$72,089,089$5,570,164$1,867,234$46,094,797
93$79,348,630$5,749,556$1,836,240$50,566,494
94$87,345,698$5,934,791$1,801,261$55,487,357
95$96,155,427$6,126,063$1,762,071$60,902,990
96$105,860,612$6,323,573$1,718,433$66,863,642
97$116,552,493$6,527,526$1,670,099$73,424,683
98$128,331,610$6,738,138$1,616,809$80,647,122
99$141,308,756$6,955,628$1,558,294$88,598,184
100$155,606,021$7,180,225$1,494,269$97,351,946