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

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$121,391$120,310$119,255$118,225$117,220$112,926
2 years$60,095$58,975$57,891$56,839$55,819$51,541
3 years$39,665$38,541$37,459$36,417$35,414$31,286
4 years$29,452$28,332$27,261$26,237$25,257$21,311
5 years$23,326$22,212$21,155$20,152$19,200$15,446
6 years$19,244$18,138$17,097$16,116$15,193$11,633
7 years$16,329$15,232$14,207$13,250$12,356$8,990
8 years$14,143$13,057$12,049$11,115$10,250$7,075
9 years$12,444$11,368$10,378$9,467$8,632$5,644
10 years$11,086$10,021$9,048$8,161$7,355$4,548
11 years$9,976$8,921$7,965$7,103$6,326$3,694
12 years$9,051$8,007$7,069$6,230$5,482$3,018
13 years$8,269$7,236$6,316$5,500$4,780$2,479
14 years$7,599$6,577$5,675$4,882$4,190$2,044
15 years$7,020$6,008$5,124$4,354$3,689$1,690
16 years$6,513$5,513$4,645$3,899$3,261$1,401
17 years$6,066$5,077$4,227$3,503$2,891$1,165
18 years$5,669$4,691$3,859$3,157$2,571$969
19 years$5,315$4,348$3,532$2,852$2,291$808
20 years$4,996$4,040$3,242$2,583$2,047$674
21 years$4,708$3,763$2,982$2,345$1,831$563
22 years$4,447$3,513$2,748$2,132$1,642$471
23 years$4,208$3,286$2,538$1,942$1,474$394
24 years$3,990$3,078$2,347$1,771$1,325$330
25 years$3,790$2,889$2,174$1,617$1,192$276
26 years$3,605$2,715$2,016$1,479$1,074$232
27 years$3,435$2,555$1,872$1,353$968$194
28 years$3,276$2,408$1,740$1,240$873$163
29 years$3,129$2,271$1,619$1,137$789$136
30 years$2,992$2,145$1,508$1,044$713$114
31 years$2,864$2,028$1,406$958$644$96
32 years$2,745$1,919$1,312$881$583$81
33 years$2,633$1,817$1,225$810$527$68
34 years$2,527$1,722$1,145$745$478$57
35 years$2,428$1,633$1,070$686$433$48
36 years$2,335$1,550$1,001$632$392$40
37 years$2,247$1,473$937$582$355$34
38 years$2,163$1,399$877$537$322$28
39 years$2,084$1,331$822$495$292$24
40 years$2,010$1,266$771$456$265$20
41 years$1,939$1,205$723$421$240$17
42 years$1,872$1,148$678$389$218$14
43 years$1,808$1,094$636$359$198$12
44 years$1,747$1,042$597$331$180$10
45 years$1,689$994$561$306$163$8
46 years$1,633$948$526$283$148$7
47 years$1,580$905$495$261$134$6
48 years$1,530$864$465$241$122$5
49 years$1,481$825$437$223$111$4
50 years$1,435$788$411$206$101$3

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 $2,252 every year, while hoping to spend $44,024 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: 61/10/29 Blend
49$1,470,000$1,470,000$1,470,000$1,470,000
50$1,622,263$1,544,353$1,521,568$1,708,378
51$1,740,893$1,573,185$1,525,699$1,796,164
52$1,870,147$1,601,954$1,528,494$1,887,020
53$2,011,063$1,630,612$1,529,859$1,985,279
54$2,164,783$1,659,103$1,529,701$2,091,675
55$2,332,563$1,687,371$1,527,918$2,207,015
56$2,515,786$1,715,354$1,524,405$2,332,192
57$2,715,975$1,742,985$1,519,051$2,468,189
58$2,934,806$1,770,192$1,511,741$2,616,091
59$3,174,124$1,796,900$1,502,352$2,777,095
60$3,435,962$1,823,025$1,490,758$2,952,518
61$3,722,557$1,848,480$1,476,825$3,143,817
62$4,036,372$1,873,170$1,460,413$3,352,596
63$4,380,121$1,896,995$1,441,376$3,580,624
64$4,756,792$1,919,846$1,419,561$3,829,852
65$5,169,675$1,941,608$1,394,806$4,102,434
66$5,622,394$1,962,160$1,366,945$4,400,741
67$6,118,941$1,981,368$1,335,800$4,727,391
68$6,663,712$1,999,095$1,301,189$5,085,269
69$7,261,551$2,015,190$1,262,919$5,477,558
70$7,917,790$2,029,495$1,220,787$5,907,767
71$8,638,305$2,041,842$1,174,585$6,379,764
72$9,429,570$2,052,049$1,124,091$6,897,815
73$10,298,714$2,059,927$1,069,075$7,466,626
74$11,253,591$2,065,272$1,009,298$8,091,382
75$12,302,854$2,067,867$944,506$8,777,803
76$13,456,036$2,067,484$874,438$9,532,193
77$14,723,639$2,063,878$798,819$10,361,505
78$16,117,233$2,056,791$717,362$11,273,403
79$17,649,565$2,045,947$629,768$12,276,338
80$19,334,678$2,031,056$535,722$13,379,626
81$21,188,045$2,011,808$434,900$14,593,538
82$23,226,715$1,987,876$326,958$15,929,398
83$25,469,470$1,958,912$211,541$17,399,689
84$27,937,006$1,924,549$88,277$19,018,173
85$30,652,124$1,884,395$0$20,800,021
86$33,639,949$1,838,038$0$22,775,345
87$36,928,163$1,785,042$0$24,979,215
88$40,547,268$1,724,941$0$27,404,741
89$44,530,874$1,657,248$0$30,074,464
90$48,916,013$1,581,443$0$33,013,221
91$53,743,490$1,496,978$0$36,248,385
92$59,058,269$1,403,272$0$39,810,119
93$64,909,892$1,299,712$0$43,731,661
94$71,352,953$1,185,650$0$48,049,640
95$78,447,607$1,060,400$0$52,804,422
96$86,260,140$923,237$0$58,040,487
97$94,863,595$773,395$0$63,806,855
98$104,338,456$610,067$0$70,157,544
99$114,773,415$432,396$0$77,152,082
100$126,266,202$239,482$0$84,856,069