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%14.1%
1 years$118,914$117,855$116,821$115,813$114,828$112,879
2 years$58,868$57,772$56,709$55,679$54,680$52,723
3 years$38,856$37,755$36,695$35,674$34,691$32,786
4 years$28,851$27,754$26,704$25,701$24,742$22,904
5 years$22,850$21,759$20,724$19,741$18,808$17,043
6 years$18,851$17,768$16,748$15,787$14,883$13,191
7 years$15,995$14,922$13,917$12,979$12,103$10,487
8 years$13,855$12,791$11,803$10,888$10,041$8,499
9 years$12,191$11,136$10,166$9,274$8,456$6,988
10 years$10,860$9,816$8,863$7,994$7,205$5,809
11 years$9,772$8,739$7,803$6,958$6,196$4,871
12 years$8,866$7,843$6,925$6,103$5,370$4,114
13 years$8,100$7,088$6,187$5,388$4,683$3,494
14 years$7,444$6,443$5,559$4,783$4,105$2,981
15 years$6,876$5,886$5,019$4,265$3,614$2,554
16 years$6,380$5,400$4,550$3,819$3,194$2,195
17 years$5,942$4,973$4,141$3,431$2,832$1,891
18 years$5,554$4,596$3,780$3,092$2,518$1,634
19 years$5,206$4,259$3,460$2,794$2,245$1,414
20 years$4,894$3,958$3,176$2,531$2,005$1,226
21 years$4,612$3,687$2,921$2,297$1,794$1,064
22 years$4,356$3,441$2,692$2,088$1,608$925
23 years$4,123$3,218$2,486$1,902$1,444$805
24 years$3,909$3,016$2,299$1,735$1,298$701
25 years$3,713$2,830$2,129$1,584$1,168$611
26 years$3,532$2,660$1,975$1,448$1,052$533
27 years$3,364$2,503$1,834$1,326$948$465
28 years$3,209$2,359$1,705$1,215$856$406
29 years$3,065$2,225$1,586$1,114$773$355
30 years$2,931$2,101$1,478$1,022$698$310
31 years$2,806$1,986$1,378$939$631$271
32 years$2,689$1,880$1,285$863$571$237
33 years$2,579$1,780$1,200$794$517$208
34 years$2,476$1,687$1,121$730$468$182
35 years$2,379$1,600$1,048$672$424$159
36 years$2,287$1,519$981$619$384$139
37 years$2,201$1,442$918$570$348$122
38 years$2,119$1,371$860$526$315$107
39 years$2,042$1,304$805$485$286$93
40 years$1,969$1,240$755$447$259$82
41 years$1,899$1,181$708$412$235$72
42 years$1,833$1,124$664$381$214$63
43 years$1,771$1,071$623$351$194$55
44 years$1,711$1,021$585$324$176$48
45 years$1,654$974$549$300$160$42
46 years$1,600$929$516$277$145$37
47 years$1,548$886$485$256$132$32
48 years$1,499$846$455$236$120$28
49 years$1,451$808$428$218$109$25
50 years$1,406$772$402$202$99$22

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 $2,204 every year, while hoping to spend $45,048 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: 64/23/13 Blend
49$1,440,000$1,440,000$1,440,000$1,440,000
50$1,589,153$1,512,833$1,490,513$1,685,873
51$1,703,316$1,539,032$1,492,515$1,777,042
52$1,827,614$1,565,004$1,493,074$1,871,170
53$1,963,033$1,590,691$1,492,094$1,972,870
54$2,110,658$1,616,030$1,489,474$2,082,879
55$2,271,683$1,640,954$1,485,110$2,202,008
56$2,447,425$1,665,391$1,478,891$2,331,153
57$2,639,328$1,689,261$1,470,700$2,471,300
58$2,848,987$1,712,482$1,460,416$2,623,537
59$3,078,156$1,734,966$1,447,912$2,789,061
60$3,328,765$1,756,616$1,433,054$2,969,194
61$3,602,939$1,777,331$1,415,702$3,165,392
62$3,903,021$1,797,002$1,395,710$3,379,261
63$4,231,588$1,815,514$1,372,925$3,612,569
64$4,591,478$1,832,742$1,347,186$3,867,268
65$4,985,817$1,848,554$1,318,325$4,145,507
66$5,418,047$1,862,811$1,286,166$4,449,659
67$5,891,962$1,875,362$1,250,526$4,782,335
68$6,411,735$1,886,048$1,211,212$5,146,418
69$6,981,968$1,894,700$1,168,023$5,545,083
70$7,607,725$1,901,138$1,120,749$5,981,833
71$8,294,588$1,905,168$1,069,169$6,460,526
72$9,048,704$1,906,589$1,013,054$6,985,420
73$9,876,844$1,905,184$952,163$7,561,204
74$10,786,467$1,900,723$886,245$8,193,052
75$11,785,790$1,892,962$815,038$8,886,664
76$12,883,866$1,881,643$738,267$9,648,327
77$14,090,667$1,866,490$655,646$10,484,969
78$15,417,181$1,847,214$566,876$11,404,228
79$16,875,511$1,823,504$471,644$12,414,526
80$18,478,992$1,795,035$369,623$13,525,145
81$20,242,317$1,761,460$260,473$14,746,317
82$22,181,673$1,722,411$143,839$16,089,324
83$24,314,895$1,677,500$19,348$17,566,601
84$26,661,631$1,626,315$0$19,191,854
85$29,243,534$1,568,421$0$20,995,939
86$32,084,456$1,503,355$0$22,983,654
87$35,210,683$1,430,632$0$25,170,734
88$38,651,173$1,349,733$0$27,577,478
89$42,437,836$1,260,114$0$30,226,260
90$46,605,833$1,161,197$0$33,141,737
91$51,193,905$1,052,373$0$36,351,085
92$56,244,740$932,995$0$39,884,257
93$61,805,375$802,384$0$43,774,262
94$67,927,641$659,818$0$48,057,479
95$74,668,649$504,538$0$52,774,006
96$82,091,329$335,738$0$57,968,032
97$90,265,027$152,572$0$63,688,260
98$99,266,154$0$0$69,988,364
99$109,178,911$0$0$76,939,106
100$120,096,078$0$0$84,636,794