Can I retire at age 50 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$117,262$116,218$115,199$114,204$113,233$111,403
2 years$58,051$56,969$55,922$54,906$53,920$52,082
3 years$38,316$37,230$36,185$35,179$34,209$32,419
4 years$28,451$27,368$26,333$25,344$24,398$22,671
5 years$22,533$21,457$20,436$19,467$18,547$16,887
6 years$18,589$17,521$16,515$15,568$14,676$13,085
7 years$15,773$14,714$13,724$12,799$11,935$10,414
8 years$13,662$12,613$11,639$10,737$9,902$8,450
9 years$12,021$10,982$10,025$9,145$8,339$6,955
10 years$10,709$9,680$8,740$7,883$7,105$5,789
11 years$9,636$8,617$7,694$6,861$6,110$4,861
12 years$8,743$7,735$6,829$6,018$5,295$4,110
13 years$7,988$6,990$6,101$5,313$4,617$3,495
14 years$7,341$6,354$5,482$4,716$4,048$2,987
15 years$6,781$5,804$4,949$4,206$3,564$2,562
16 years$6,291$5,325$4,487$3,766$3,150$2,205
17 years$5,860$4,904$4,083$3,384$2,793$1,903
18 years$5,476$4,532$3,727$3,049$2,483$1,646
19 years$5,134$4,200$3,412$2,755$2,213$1,426
20 years$4,826$3,903$3,132$2,496$1,977$1,238
21 years$4,548$3,635$2,880$2,265$1,769$1,077
22 years$4,295$3,393$2,655$2,059$1,586$937
23 years$4,065$3,174$2,451$1,875$1,424$817
24 years$3,855$2,974$2,267$1,711$1,280$713
25 years$3,661$2,791$2,100$1,562$1,151$622
26 years$3,483$2,623$1,947$1,428$1,037$544
27 years$3,318$2,468$1,808$1,307$935$475
28 years$3,165$2,326$1,681$1,198$844$416
29 years$3,023$2,194$1,564$1,098$762$364
30 years$2,891$2,072$1,457$1,008$688$318
31 years$2,767$1,959$1,358$926$622$279
32 years$2,651$1,854$1,267$851$563$244
33 years$2,543$1,755$1,183$782$509$214
34 years$2,441$1,664$1,106$720$461$188
35 years$2,346$1,578$1,034$663$418$165
36 years$2,255$1,498$967$610$379$144
37 years$2,170$1,422$905$562$343$126
38 years$2,090$1,352$848$518$311$111
39 years$2,014$1,285$794$478$282$97
40 years$1,941$1,223$744$441$256$85
41 years$1,873$1,164$698$407$232$75
42 years$1,808$1,109$655$375$211$66
43 years$1,746$1,056$614$347$191$58
44 years$1,687$1,007$577$320$173$51
45 years$1,631$960$541$295$158$44
46 years$1,578$916$509$273$143$39
47 years$1,527$874$478$252$130$34
48 years$1,478$835$449$233$118$30
49 years$1,431$797$422$215$107$26
50 years$1,386$761$397$199$97$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,420,000, adding $5,601 every year, while hoping to spend $31,342 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: 60/12/28 Blend
49$1,420,000$1,420,000$1,420,000$1,420,000
50$1,570,617$1,495,357$1,473,347$1,652,643
51$1,697,473$1,535,282$1,489,357$1,749,170
52$1,836,217$1,576,113$1,504,852$1,850,612
53$1,988,029$1,617,861$1,519,783$1,960,649
54$2,154,209$1,660,537$1,534,097$2,080,127
55$2,336,186$1,704,151$1,547,737$2,209,975
56$2,535,536$1,748,713$1,560,644$2,351,221
57$2,753,992$1,794,232$1,572,758$2,504,994
58$2,993,466$1,840,716$1,584,012$2,672,539
59$3,256,061$1,888,172$1,594,338$2,855,228
60$3,544,095$1,936,608$1,603,664$3,054,575
61$3,860,119$1,986,029$1,611,913$3,272,244
62$4,206,946$2,036,438$1,619,006$3,510,074
63$4,587,671$2,087,840$1,624,860$3,770,086
64$5,005,706$2,140,237$1,629,385$4,054,513
65$5,464,808$2,193,629$1,632,490$4,365,811
66$5,969,117$2,248,016$1,634,077$4,706,690
67$6,523,194$2,303,395$1,634,045$5,080,135
68$7,132,060$2,359,762$1,632,286$5,489,436
69$7,801,251$2,417,111$1,628,689$5,938,219
70$8,536,864$2,475,435$1,623,135$6,430,482
71$9,345,616$2,534,723$1,615,502$6,970,628
72$10,234,908$2,594,963$1,605,660$7,563,511
73$11,212,892$2,656,140$1,593,473$8,214,483
74$12,288,552$2,718,236$1,578,800$8,929,439
75$13,471,786$2,781,231$1,561,491$9,714,878
76$14,773,499$2,845,102$1,541,392$10,577,963
77$16,205,705$2,909,822$1,518,338$11,526,588
78$17,781,644$2,975,360$1,492,159$12,569,453
79$19,515,901$3,041,682$1,462,676$13,716,146
80$21,424,550$3,108,751$1,429,702$14,977,237
81$23,525,299$3,176,525$1,393,042$16,364,372
82$25,837,660$3,244,955$1,352,490$17,890,388
83$28,383,135$3,313,992$1,307,832$19,569,433
84$31,185,414$3,383,577$1,258,844$21,417,100
85$34,270,603$3,453,649$1,205,291$23,450,574
86$37,667,465$3,524,138$1,146,930$25,688,795
87$41,407,698$3,594,972$1,083,503$28,152,636
88$45,526,225$3,666,068$1,014,742$30,865,104
89$50,061,534$3,737,339$940,370$33,851,552
90$55,056,030$3,808,688$860,092$37,139,925
91$60,556,443$3,880,013$773,603$40,761,018
92$66,614,267$3,951,200$680,586$44,748,772
93$73,286,243$4,022,129$580,706$49,140,594
94$80,634,895$4,092,669$473,615$53,977,708
95$88,729,124$4,162,679$358,951$59,305,549
96$97,644,853$4,232,009$236,334$65,174,187
97$107,465,745$4,300,494$105,368$71,638,807
98$118,283,993$4,367,960$0$78,760,225
99$130,201,189$4,434,219$0$86,615,742
100$143,329,285$4,499,071$0$95,303,212