Can I retire at age 50 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$118,914$117,855$116,821$115,813$114,828$113,676
2 years$58,868$57,772$56,709$55,679$54,680$53,520
3 years$38,856$37,755$36,695$35,674$34,691$33,559
4 years$28,851$27,754$26,704$25,701$24,742$23,646
5 years$22,850$21,759$20,724$19,741$18,808$17,752
6 years$18,851$17,768$16,748$15,787$14,883$13,867
7 years$15,995$14,922$13,917$12,979$12,103$11,129
8 years$13,855$12,791$11,803$10,888$10,041$9,108
9 years$12,191$11,136$10,166$9,274$8,456$7,564
10 years$10,860$9,816$8,863$7,994$7,205$6,354
11 years$9,772$8,739$7,803$6,958$6,196$5,385
12 years$8,866$7,843$6,925$6,103$5,370$4,597
13 years$8,100$7,088$6,187$5,388$4,683$3,948
14 years$7,444$6,443$5,559$4,783$4,105$3,407
15 years$6,876$5,886$5,019$4,265$3,614$2,952
16 years$6,380$5,400$4,550$3,819$3,194$2,567
17 years$5,942$4,973$4,141$3,431$2,832$2,239
18 years$5,554$4,596$3,780$3,092$2,518$1,958
19 years$5,206$4,259$3,460$2,794$2,245$1,716
20 years$4,894$3,958$3,176$2,531$2,005$1,506
21 years$4,612$3,687$2,921$2,297$1,794$1,324
22 years$4,356$3,441$2,692$2,088$1,608$1,166
23 years$4,123$3,218$2,486$1,902$1,444$1,028
24 years$3,909$3,016$2,299$1,735$1,298$907
25 years$3,713$2,830$2,129$1,584$1,168$802
26 years$3,532$2,660$1,975$1,448$1,052$709
27 years$3,364$2,503$1,834$1,326$948$627
28 years$3,209$2,359$1,705$1,215$856$555
29 years$3,065$2,225$1,586$1,114$773$492
30 years$2,931$2,101$1,478$1,022$698$436
31 years$2,806$1,986$1,378$939$631$386
32 years$2,689$1,880$1,285$863$571$343
33 years$2,579$1,780$1,200$794$517$304
34 years$2,476$1,687$1,121$730$468$270
35 years$2,379$1,600$1,048$672$424$240
36 years$2,287$1,519$981$619$384$213
37 years$2,201$1,442$918$570$348$189
38 years$2,119$1,371$860$526$315$168
39 years$2,042$1,304$805$485$286$149
40 years$1,969$1,240$755$447$259$133
41 years$1,899$1,181$708$412$235$118
42 years$1,833$1,124$664$381$214$105
43 years$1,771$1,071$623$351$194$93
44 years$1,711$1,021$585$324$176$83
45 years$1,654$974$549$300$160$74
46 years$1,600$929$516$277$145$65
47 years$1,548$886$485$256$132$58
48 years$1,499$846$455$236$120$52
49 years$1,451$808$428$218$109$46
50 years$1,406$772$402$202$99$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,440,000, adding $2,239 every year, while hoping to spend $34,717 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: 71/24/5 Blend
49$1,440,000$1,440,000$1,440,000$1,440,000
50$1,589,190$1,512,870$1,490,550$1,701,120
51$1,714,348$1,550,062$1,503,544$1,812,451
52$1,851,110$1,587,912$1,515,811$1,929,719
53$2,000,620$1,626,418$1,527,288$2,057,089
54$2,164,143$1,665,572$1,537,912$2,195,545
55$2,343,068$1,705,367$1,547,614$2,346,170
56$2,538,927$1,745,796$1,556,325$2,510,155
57$2,753,404$1,786,846$1,563,968$2,688,813
58$2,988,356$1,828,507$1,570,466$2,883,588
59$3,245,827$1,870,763$1,575,736$3,096,074
60$3,528,070$1,913,598$1,579,691$3,328,023
61$3,837,563$1,956,994$1,582,241$3,581,366
62$4,177,038$2,000,930$1,583,289$3,858,229
63$4,549,502$2,045,382$1,582,736$4,160,956
64$4,958,270$2,090,325$1,580,476$4,492,127
65$5,406,990$2,135,727$1,576,399$4,854,584
66$5,899,684$2,181,559$1,570,389$5,251,460
67$6,440,780$2,227,783$1,562,325$5,686,204
68$7,035,156$2,274,362$1,552,080$6,162,617
69$7,688,187$2,321,251$1,539,520$6,684,887
70$8,405,795$2,368,404$1,524,506$7,257,627
71$9,194,500$2,415,770$1,506,891$7,885,921
72$10,061,490$2,463,294$1,486,523$8,575,369
73$11,014,681$2,510,914$1,463,241$9,332,142
74$12,062,796$2,558,566$1,436,876$10,163,040
75$13,215,443$2,606,178$1,407,254$11,075,554
76$14,483,212$2,653,674$1,374,190$12,077,941
77$15,877,766$2,700,971$1,337,492$13,179,296
78$17,411,959$2,747,979$1,296,959$14,389,643
79$19,099,951$2,794,602$1,252,379$15,720,027
80$20,957,345$2,840,737$1,203,534$17,182,618
81$23,001,334$2,886,273$1,150,191$18,790,829
82$25,250,858$2,931,089$1,092,112$20,559,437
83$27,726,792$2,975,058$1,029,043$22,504,729
84$30,452,131$3,018,043$960,723$24,644,649
85$33,452,217$3,059,895$886,875$26,998,975
86$36,754,972$3,100,459$807,214$29,589,499
87$40,391,162$3,139,565$721,439$32,440,236
88$44,394,690$3,177,033$629,237$35,577,650
89$48,802,913$3,212,672$530,281$39,030,905
90$53,656,993$3,246,275$424,228$42,832,139
91$59,002,289$3,277,626$310,722$47,016,768
92$64,888,782$3,306,489$189,391$51,623,820
93$71,371,547$3,332,616$59,845$56,696,305
94$78,511,274$3,355,744$0$62,281,620
95$86,374,838$3,375,589$0$68,436,181
96$95,035,931$3,391,852$0$75,217,043
97$104,575,757$3,404,214$0$82,684,467
98$115,083,800$3,412,336$0$90,908,380
99$126,658,664$3,415,858$0$99,965,843
100$139,409,009$3,414,396$0$109,941,776