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

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$117,262$116,218$115,199$114,204$113,233$108,783
2 years$58,051$56,969$55,922$54,906$53,920$49,492
3 years$38,316$37,230$36,185$35,179$34,209$29,941
4 years$28,451$27,368$26,333$25,344$24,398$20,323
5 years$22,533$21,457$20,436$19,467$18,547$14,676
6 years$18,589$17,521$16,515$15,568$14,676$11,010
7 years$15,773$14,714$13,724$12,799$11,935$8,475
8 years$13,662$12,613$11,639$10,737$9,902$6,642
9 years$12,021$10,982$10,025$9,145$8,339$5,275
10 years$10,709$9,680$8,740$7,883$7,105$4,232
11 years$9,636$8,617$7,694$6,861$6,110$3,422
12 years$8,743$7,735$6,829$6,018$5,295$2,783
13 years$7,988$6,990$6,101$5,313$4,617$2,274
14 years$7,341$6,354$5,482$4,716$4,048$1,866
15 years$6,781$5,804$4,949$4,206$3,564$1,536
16 years$6,291$5,325$4,487$3,766$3,150$1,267
17 years$5,860$4,904$4,083$3,384$2,793$1,047
18 years$5,476$4,532$3,727$3,049$2,483$867
19 years$5,134$4,200$3,412$2,755$2,213$719
20 years$4,826$3,903$3,132$2,496$1,977$597
21 years$4,548$3,635$2,880$2,265$1,769$496
22 years$4,295$3,393$2,655$2,059$1,586$412
23 years$4,065$3,174$2,451$1,875$1,424$343
24 years$3,855$2,974$2,267$1,711$1,280$286
25 years$3,661$2,791$2,100$1,562$1,151$238
26 years$3,483$2,623$1,947$1,428$1,037$198
27 years$3,318$2,468$1,808$1,307$935$165
28 years$3,165$2,326$1,681$1,198$844$138
29 years$3,023$2,194$1,564$1,098$762$115
30 years$2,891$2,072$1,457$1,008$688$96
31 years$2,767$1,959$1,358$926$622$80
32 years$2,651$1,854$1,267$851$563$67
33 years$2,543$1,755$1,183$782$509$56
34 years$2,441$1,664$1,106$720$461$46
35 years$2,346$1,578$1,034$663$418$39
36 years$2,255$1,498$967$610$379$32
37 years$2,170$1,422$905$562$343$27
38 years$2,090$1,352$848$518$311$23
39 years$2,014$1,285$794$478$282$19
40 years$1,941$1,223$744$441$256$16
41 years$1,873$1,164$698$407$232$13
42 years$1,808$1,109$655$375$211$11
43 years$1,746$1,056$614$347$191$9
44 years$1,687$1,007$577$320$173$8
45 years$1,631$960$541$295$158$6
46 years$1,578$916$509$273$143$5
47 years$1,527$874$478$252$130$4
48 years$1,478$835$449$233$118$4
49 years$1,431$797$422$215$107$3
50 years$1,386$761$397$199$97$3

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 $2,468 every year, while hoping to spend $45,335 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: 36/41/23 Blend
49$1,420,000$1,420,000$1,420,000$1,420,000
50$1,567,386$1,492,126$1,470,116$1,612,851
51$1,679,023$1,517,004$1,471,129$1,671,357
52$1,800,528$1,541,581$1,470,656$1,730,116
53$1,932,859$1,565,796$1,468,600$1,792,642
54$2,077,071$1,589,581$1,464,859$1,859,298
55$2,234,325$1,612,863$1,459,324$1,930,489
56$2,405,899$1,635,566$1,451,884$2,006,663
57$2,593,199$1,657,607$1,442,421$2,088,313
58$2,797,774$1,678,898$1,430,810$2,175,988
59$3,021,327$1,699,345$1,416,923$2,270,290
60$3,265,736$1,718,846$1,400,623$2,371,890
61$3,533,065$1,737,294$1,381,768$2,481,527
62$3,825,590$1,754,574$1,360,210$2,600,019
63$4,145,816$1,770,563$1,335,792$2,728,269
64$4,496,500$1,785,132$1,308,352$2,867,278
65$4,880,680$1,798,140$1,277,719$3,018,149
66$5,301,700$1,809,440$1,243,714$3,182,105
67$5,763,246$1,818,874$1,206,150$3,360,494
68$6,269,373$1,826,275$1,164,832$3,554,807
69$6,824,551$1,831,465$1,119,556$3,766,693
70$7,433,701$1,834,253$1,070,107$3,997,971
71$8,102,246$1,834,439$1,016,263$4,250,654
72$8,836,157$1,831,808$957,790$4,526,963
73$9,642,013$1,826,134$894,444$4,829,352
74$10,527,060$1,817,177$825,970$5,160,533
75$11,499,281$1,804,679$752,100$5,523,498
76$12,567,470$1,788,371$672,558$5,921,555
77$13,741,315$1,767,964$587,052$6,358,353
78$15,031,489$1,743,154$495,278$6,837,925
79$16,449,751$1,713,618$396,919$7,364,721
80$18,009,054$1,679,014$291,645$7,943,654
81$19,723,671$1,638,979$179,109$8,580,149
82$21,609,326$1,593,130$58,950$9,280,193
83$23,683,345$1,541,061$0$10,050,396
84$25,964,814$1,482,341$0$10,915,053
85$28,474,764$1,416,515$0$11,881,757
86$31,236,368$1,343,102$0$12,945,011
87$34,275,157$1,261,593$0$14,114,724
88$37,619,261$1,171,450$0$15,401,824
89$41,299,677$1,072,102$0$16,818,361
90$45,350,558$962,949$0$18,377,626
91$49,809,536$843,355$0$20,094,273
92$54,718,077$712,647$0$21,984,463
93$60,121,869$570,115$0$24,066,016
94$66,071,258$415,009$0$26,358,580
95$72,621,719$246,538$0$28,883,822
96$79,834,380$63,863$0$31,665,633
97$87,776,598$0$0$34,730,352
98$96,522,593$0$0$38,167,433
99$106,154,153$0$0$41,984,528
100$116,761,399$0$0$46,188,573