Can I retire at age 50 with 1,470,000?

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 $1,470,000?

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$121,391$120,310$119,255$118,225$117,220$115,231
2 years$60,095$58,975$57,891$56,839$55,819$53,821
3 years$39,665$38,541$37,459$36,417$35,414$33,469
4 years$29,452$28,332$27,261$26,237$25,257$23,381
5 years$23,326$22,212$21,155$20,152$19,200$17,398
6 years$19,244$18,138$17,097$16,116$15,193$13,466
7 years$16,329$15,232$14,207$13,250$12,356$10,706
8 years$14,143$13,057$12,049$11,115$10,250$8,676
9 years$12,444$11,368$10,378$9,467$8,632$7,133
10 years$11,086$10,021$9,048$8,161$7,355$5,930
11 years$9,976$8,921$7,965$7,103$6,326$4,973
12 years$9,051$8,007$7,069$6,230$5,482$4,200
13 years$8,269$7,236$6,316$5,500$4,780$3,567
14 years$7,599$6,577$5,675$4,882$4,190$3,043
15 years$7,020$6,008$5,124$4,354$3,689$2,607
16 years$6,513$5,513$4,645$3,899$3,261$2,240
17 years$6,066$5,077$4,227$3,503$2,891$1,931
18 years$5,669$4,691$3,859$3,157$2,571$1,668
19 years$5,315$4,348$3,532$2,852$2,291$1,443
20 years$4,996$4,040$3,242$2,583$2,047$1,251
21 years$4,708$3,763$2,982$2,345$1,831$1,086
22 years$4,447$3,513$2,748$2,132$1,642$944
23 years$4,208$3,286$2,538$1,942$1,474$822
24 years$3,990$3,078$2,347$1,771$1,325$716
25 years$3,790$2,889$2,174$1,617$1,192$624
26 years$3,605$2,715$2,016$1,479$1,074$544
27 years$3,435$2,555$1,872$1,353$968$475
28 years$3,276$2,408$1,740$1,240$873$415
29 years$3,129$2,271$1,619$1,137$789$362
30 years$2,992$2,145$1,508$1,044$713$317
31 years$2,864$2,028$1,406$958$644$277
32 years$2,745$1,919$1,312$881$583$242
33 years$2,633$1,817$1,225$810$527$212
34 years$2,527$1,722$1,145$745$478$185
35 years$2,428$1,633$1,070$686$433$162
36 years$2,335$1,550$1,001$632$392$142
37 years$2,247$1,473$937$582$355$124
38 years$2,163$1,399$877$537$322$109
39 years$2,084$1,331$822$495$292$95
40 years$2,010$1,266$771$456$265$83
41 years$1,939$1,205$723$421$240$73
42 years$1,872$1,148$678$389$218$64
43 years$1,808$1,094$636$359$198$56
44 years$1,747$1,042$597$331$180$49
45 years$1,689$994$561$306$163$43
46 years$1,633$948$526$283$148$38
47 years$1,580$905$495$261$134$33
48 years$1,530$864$465$241$122$29
49 years$1,481$825$437$223$111$25
50 years$1,435$788$411$206$101$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,470,000, adding $4,122 every year, while hoping to spend $28,014 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: 53/41/6 Blend
49$1,470,000$1,470,000$1,470,000$1,470,000
50$1,624,192$1,546,282$1,523,497$1,707,814
51$1,760,053$1,592,243$1,544,727$1,810,843
52$1,908,833$1,639,517$1,565,730$1,919,445
53$2,071,819$1,688,140$1,586,468$2,036,911
54$2,250,432$1,738,145$1,606,902$2,164,082
55$2,446,232$1,789,571$1,626,989$2,301,883
56$2,660,942$1,842,453$1,646,687$2,451,332
57$2,896,455$1,896,831$1,665,948$2,613,551
58$3,154,859$1,952,742$1,684,724$2,789,772
59$3,438,455$2,010,226$1,702,961$2,981,352
60$3,749,773$2,069,323$1,720,607$3,189,784
61$4,091,605$2,130,075$1,737,602$3,416,711
62$4,467,024$2,192,524$1,753,887$3,663,944
63$4,879,415$2,256,711$1,769,396$3,933,474
64$5,332,507$2,322,682$1,784,063$4,227,493
65$5,830,409$2,390,480$1,797,816$4,548,417
66$6,377,648$2,460,151$1,810,580$4,898,905
67$6,979,211$2,531,741$1,822,277$5,281,882
68$7,640,590$2,605,296$1,832,823$5,700,574
69$8,367,840$2,680,865$1,842,132$6,158,532
70$9,167,628$2,758,496$1,850,112$6,659,664
71$10,047,302$2,838,238$1,856,667$7,208,278
72$11,014,957$2,920,142$1,861,695$7,809,117
73$12,079,512$3,004,258$1,865,091$8,467,407
74$13,250,794$3,090,639$1,866,743$9,188,901
75$14,539,630$3,179,335$1,866,535$9,979,939
76$15,957,952$3,270,402$1,864,343$10,847,505
77$17,518,903$3,363,892$1,860,039$11,799,292
78$19,236,969$3,459,860$1,853,487$12,843,775
79$21,128,108$3,558,362$1,844,548$13,990,289
80$23,209,906$3,659,452$1,833,071$15,249,120
81$25,501,739$3,763,188$1,818,901$16,631,601
82$28,024,959$3,869,627$1,801,877$18,150,217
83$30,803,091$3,978,825$1,781,826$19,818,721
84$33,862,060$4,090,841$1,758,571$21,652,270
85$37,230,430$4,205,733$1,731,924$23,667,561
86$40,939,680$4,323,559$1,701,689$25,882,992
87$45,024,492$4,444,379$1,667,661$28,318,833
88$49,523,089$4,568,251$1,629,625$30,997,419
89$54,477,584$4,695,236$1,587,358$33,943,360
90$59,934,386$4,825,391$1,540,623$37,183,773
91$65,944,635$4,958,777$1,489,176$40,748,537
92$72,564,683$5,095,453$1,432,758$44,670,574
93$79,856,628$5,235,476$1,371,103$48,986,161
94$87,888,897$5,378,908$1,303,927$53,735,274
95$96,736,894$5,525,804$1,230,939$58,961,959
96$106,483,712$5,676,223$1,151,830$64,714,754
97$117,220,914$5,830,222$1,066,280$71,047,142
98$129,049,401$5,987,856$973,954$78,018,057
99$142,080,360$6,149,181$874,502$85,692,444
100$156,436,316$6,314,251$767,557$94,141,863