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%12.7%
1 years$118,914$117,855$116,821$115,813$114,828$113,534
2 years$58,868$57,772$56,709$55,679$54,680$53,378
3 years$38,856$37,755$36,695$35,674$34,691$33,421
4 years$28,851$27,754$26,704$25,701$24,742$23,513
5 years$22,850$21,759$20,724$19,741$18,808$17,625
6 years$18,851$17,768$16,748$15,787$14,883$13,745
7 years$15,995$14,922$13,917$12,979$12,103$11,013
8 years$13,855$12,791$11,803$10,888$10,041$8,998
9 years$12,191$11,136$10,166$9,274$8,456$7,459
10 years$10,860$9,816$8,863$7,994$7,205$6,254
11 years$9,772$8,739$7,803$6,958$6,196$5,291
12 years$8,866$7,843$6,925$6,103$5,370$4,508
13 years$8,100$7,088$6,187$5,388$4,683$3,864
14 years$7,444$6,443$5,559$4,783$4,105$3,328
15 years$6,876$5,886$5,019$4,265$3,614$2,878
16 years$6,380$5,400$4,550$3,819$3,194$2,498
17 years$5,942$4,973$4,141$3,431$2,832$2,174
18 years$5,554$4,596$3,780$3,092$2,518$1,897
19 years$5,206$4,259$3,460$2,794$2,245$1,658
20 years$4,894$3,958$3,176$2,531$2,005$1,453
21 years$4,612$3,687$2,921$2,297$1,794$1,274
22 years$4,356$3,441$2,692$2,088$1,608$1,120
23 years$4,123$3,218$2,486$1,902$1,444$985
24 years$3,909$3,016$2,299$1,735$1,298$867
25 years$3,713$2,830$2,129$1,584$1,168$764
26 years$3,532$2,660$1,975$1,448$1,052$674
27 years$3,364$2,503$1,834$1,326$948$595
28 years$3,209$2,359$1,705$1,215$856$526
29 years$3,065$2,225$1,586$1,114$773$464
30 years$2,931$2,101$1,478$1,022$698$411
31 years$2,806$1,986$1,378$939$631$363
32 years$2,689$1,880$1,285$863$571$321
33 years$2,579$1,780$1,200$794$517$284
34 years$2,476$1,687$1,121$730$468$252
35 years$2,379$1,600$1,048$672$424$223
36 years$2,287$1,519$981$619$384$198
37 years$2,201$1,442$918$570$348$175
38 years$2,119$1,371$860$526$315$155
39 years$2,042$1,304$805$485$286$137
40 years$1,969$1,240$755$447$259$122
41 years$1,899$1,181$708$412$235$108
42 years$1,833$1,124$664$381$214$96
43 years$1,771$1,071$623$351$194$85
44 years$1,711$1,021$585$324$176$75
45 years$1,654$974$549$300$160$67
46 years$1,600$929$516$277$145$59
47 years$1,548$886$485$256$132$52
48 years$1,499$846$455$236$120$47
49 years$1,451$808$428$218$109$41
50 years$1,406$772$402$202$99$37

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 $5,609 every year, while hoping to spend $54,717 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: 74/7/19 Blend
49$1,440,000$1,440,000$1,440,000$1,440,000
50$1,592,666$1,516,346$1,494,026$1,703,013
51$1,696,899$1,532,428$1,485,857$1,793,048
52$1,809,930$1,547,465$1,475,581$1,884,466
53$1,932,599$1,561,347$1,463,069$1,983,224
54$2,065,829$1,573,957$1,448,186$2,090,040
55$2,210,636$1,585,173$1,430,793$2,205,707
56$2,368,137$1,594,863$1,410,740$2,331,096
57$2,539,561$1,602,886$1,387,875$2,467,171
58$2,726,262$1,609,092$1,362,034$2,614,992
59$2,929,728$1,613,325$1,333,049$2,775,728
60$3,151,597$1,615,415$1,300,743$2,950,667
61$3,393,672$1,615,182$1,264,930$3,141,232
62$3,657,938$1,612,438$1,225,417$3,348,989
63$3,946,580$1,606,979$1,182,000$3,575,664
64$4,262,002$1,598,593$1,134,469$3,823,162
65$4,606,853$1,587,051$1,082,600$4,093,583
66$4,984,048$1,572,112$1,026,163$4,389,240
67$5,396,797$1,553,521$964,915$4,712,685
68$5,848,634$1,531,007$898,604$5,066,731
69$6,343,451$1,504,283$826,963$5,454,479
70$6,885,534$1,473,044$749,718$5,879,349
71$7,479,604$1,436,969$666,579$6,345,109
72$8,130,859$1,395,716$577,245$6,855,914
73$8,845,025$1,348,924$481,401$7,416,345
74$9,628,408$1,296,212$378,718$8,031,453
75$10,487,953$1,237,174$268,853$8,706,805
76$11,431,311$1,171,382$151,446$9,448,539
77$12,466,910$1,098,385$26,125$10,263,420
78$13,604,032$1,017,703$0$11,158,906
79$14,852,905$928,832$0$12,165,038
80$16,224,791$831,235$0$13,276,132
81$17,732,103$724,348$0$14,496,965
82$19,388,510$607,573$0$15,838,641
83$21,209,074$480,281$0$17,313,394
84$23,210,388$341,803$0$18,934,708
85$25,410,733$191,437$0$20,717,437
86$27,830,249$28,438$0$22,677,950
87$30,491,125$0$0$24,834,284
88$33,417,810$0$0$27,217,713
89$36,637,240$0$0$29,842,028
90$40,179,092$0$0$32,729,237
91$44,076,066$0$0$35,906,007
92$48,364,190$0$0$39,401,717
93$53,083,162$0$0$43,248,738
94$58,276,724$0$0$47,482,738
95$63,993,069$0$0$52,143,019
96$70,285,303$0$0$57,272,886
97$77,211,941$0$0$62,920,055
98$84,837,459$0$0$69,137,102
99$93,232,901$0$0$75,981,964
100$102,476,552$0$0$83,518,477