Can I retire at age 50 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$120,565$119,492$118,444$117,421$116,422$113,562
2 years$59,686$58,574$57,497$56,452$55,439$52,575
3 years$39,395$38,279$37,204$36,170$35,173$32,394
4 years$29,252$28,139$27,075$26,058$25,086$22,414
5 years$23,168$22,061$21,011$20,015$19,070$16,513
6 years$19,113$18,015$16,980$16,006$15,089$12,650
7 years$16,217$15,129$14,111$13,160$12,272$9,949
8 years$14,047$12,968$11,967$11,039$10,180$7,975
9 years$12,360$11,291$10,307$9,403$8,573$6,482
10 years$11,011$9,953$8,986$8,106$7,305$5,326
11 years$9,908$8,860$7,911$7,054$6,283$4,413
12 years$8,989$7,952$7,021$6,188$5,444$3,681
13 years$8,213$7,187$6,273$5,463$4,748$3,087
14 years$7,548$6,532$5,636$4,849$4,162$2,600
15 years$6,972$5,968$5,089$4,325$3,664$2,198
16 years$6,468$5,475$4,614$3,872$3,238$1,864
17 years$6,025$5,042$4,198$3,479$2,871$1,584
18 years$5,631$4,659$3,832$3,135$2,553$1,350
19 years$5,279$4,318$3,508$2,833$2,276$1,152
20 years$4,962$4,013$3,220$2,566$2,033$984
21 years$4,676$3,738$2,962$2,329$1,819$842
22 years$4,416$3,489$2,730$2,117$1,631$721
23 years$4,180$3,263$2,520$1,928$1,464$619
24 years$3,963$3,057$2,331$1,759$1,316$531
25 years$3,764$2,869$2,159$1,606$1,184$456
26 years$3,581$2,697$2,002$1,469$1,066$391
27 years$3,411$2,538$1,859$1,344$961$336
28 years$3,254$2,391$1,728$1,232$867$289
29 years$3,108$2,256$1,608$1,129$783$249
30 years$2,972$2,131$1,498$1,037$708$214
31 years$2,845$2,014$1,397$952$640$184
32 years$2,726$1,906$1,303$875$579$159
33 years$2,615$1,805$1,217$805$524$137
34 years$2,510$1,710$1,137$740$474$118
35 years$2,412$1,622$1,063$681$430$101
36 years$2,319$1,540$994$628$389$87
37 years$2,231$1,463$931$578$353$75
38 years$2,149$1,390$872$533$320$65
39 years$2,070$1,322$817$491$290$56
40 years$1,996$1,257$765$453$263$48
41 years$1,926$1,197$718$418$239$41
42 years$1,859$1,140$673$386$217$36
43 years$1,795$1,086$632$356$197$31
44 years$1,735$1,035$593$329$178$27
45 years$1,677$987$557$304$162$23
46 years$1,622$942$523$281$147$20
47 years$1,570$899$491$259$134$17
48 years$1,519$858$462$240$121$15
49 years$1,471$819$434$221$110$13
50 years$1,425$783$408$205$100$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,460,000, adding $3,778 every year, while hoping to spend $34,744 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: 47/27/26 Blend
49$1,460,000$1,460,000$1,460,000$1,460,000
50$1,612,817$1,535,437$1,512,807$1,676,458
51$1,740,357$1,573,706$1,526,519$1,759,895
52$1,879,742$1,612,686$1,539,525$1,846,705
53$2,032,142$1,652,374$1,551,766$1,940,254
54$2,198,849$1,692,769$1,563,179$2,041,192
55$2,381,281$1,733,865$1,573,695$2,150,235
56$2,581,004$1,775,656$1,583,246$2,268,175
57$2,799,738$1,818,135$1,591,756$2,395,879
58$3,039,381$1,861,293$1,599,149$2,534,308
59$3,302,020$1,905,119$1,605,343$2,684,518
60$3,589,956$1,949,599$1,610,253$2,847,673
61$3,905,723$1,994,721$1,613,787$3,025,058
62$4,252,109$2,040,465$1,615,851$3,218,087
63$4,632,189$2,086,812$1,616,347$3,428,321
64$5,049,348$2,133,742$1,615,170$3,657,477
65$5,507,314$2,181,228$1,612,211$3,907,452
66$6,010,195$2,229,243$1,607,355$4,180,335
67$6,562,516$2,277,756$1,600,483$4,478,427
68$7,169,261$2,326,735$1,591,467$4,804,268
69$7,835,920$2,376,140$1,580,176$5,160,654
70$8,568,544$2,425,931$1,566,472$5,550,672
71$9,373,797$2,476,063$1,550,210$5,977,720
72$10,259,020$2,526,485$1,531,238$6,445,547
73$11,232,302$2,577,146$1,509,397$6,958,285
74$12,302,556$2,627,984$1,484,520$7,520,487
75$13,479,598$2,678,937$1,456,434$8,137,175
76$14,774,248$2,729,936$1,424,955$8,813,883
77$16,198,424$2,780,905$1,389,893$9,556,712
78$17,765,257$2,831,764$1,351,049$10,372,386
79$19,489,217$2,882,424$1,308,213$11,268,320
80$21,386,246$2,932,792$1,261,167$12,252,685
81$23,473,910$2,982,765$1,209,682$13,334,489
82$25,771,563$3,032,234$1,153,520$14,523,662
83$28,300,530$3,081,082$1,092,431$15,831,148
84$31,084,311$3,129,181$1,026,155$17,269,013
85$34,148,797$3,176,397$954,417$18,850,555
86$37,522,517$3,222,584$876,933$20,590,435
87$41,236,910$3,267,587$793,406$22,504,810
88$45,326,614$3,311,238$703,525$24,611,491
89$49,829,799$3,353,359$606,963$26,930,110
90$54,788,525$3,393,760$503,383$29,482,307
91$60,249,138$3,432,238$392,430$32,291,933
92$66,262,707$3,468,574$273,733$35,385,279
93$72,885,507$3,502,539$146,907$38,791,323
94$80,179,549$3,533,883$11,549$42,542,004
95$88,213,165$3,562,345$0$46,672,526
96$97,061,651$3,587,643$0$51,258,563
97$106,807,981$3,609,479$0$56,311,827
98$117,543,587$3,627,536$0$61,876,377
99$129,369,223$3,641,475$0$68,004,300
100$142,395,913$3,650,937$0$74,752,997