Can I retire at age 50 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$122,217$121,128$120,066$119,030$118,017$115,493
2 years$60,503$59,377$58,285$57,226$56,199$53,668
3 years$39,935$38,803$37,714$36,665$35,655$33,196
4 years$29,653$28,525$27,446$26,415$25,429$23,062
5 years$23,485$22,364$21,299$20,289$19,331$17,062
6 years$19,375$18,262$17,213$16,226$15,296$13,127
7 years$16,440$15,336$14,304$13,340$12,440$10,372
8 years$14,239$13,146$12,131$11,191$10,320$8,352
9 years$12,529$11,446$10,448$9,532$8,691$6,822
10 years$11,162$10,089$9,109$8,217$7,405$5,633
11 years$10,044$8,982$8,020$7,151$6,369$4,691
12 years$9,112$8,061$7,117$6,272$5,519$3,933
13 years$8,325$7,285$6,359$5,537$4,813$3,316
14 years$7,651$6,622$5,713$4,916$4,219$2,809
15 years$7,067$6,049$5,158$4,384$3,714$2,388
16 years$6,557$5,550$4,677$3,925$3,283$2,036
17 years$6,107$5,111$4,256$3,527$2,911$1,741
18 years$5,708$4,723$3,885$3,178$2,588$1,492
19 years$5,351$4,377$3,556$2,872$2,307$1,280
20 years$5,030$4,068$3,264$2,601$2,061$1,101
21 years$4,740$3,789$3,002$2,361$1,844$948
22 years$4,477$3,537$2,767$2,146$1,653$817
23 years$4,237$3,308$2,555$1,955$1,484$705
24 years$4,017$3,099$2,363$1,783$1,334$609
25 years$3,816$2,909$2,188$1,628$1,200$526
26 years$3,630$2,734$2,030$1,489$1,081$455
27 years$3,458$2,573$1,885$1,363$975$393
28 years$3,299$2,424$1,752$1,248$879$340
29 years$3,151$2,287$1,630$1,145$794$295
30 years$3,013$2,160$1,519$1,051$717$255
31 years$2,884$2,042$1,416$965$649$221
32 years$2,763$1,932$1,321$887$587$192
33 years$2,650$1,829$1,233$816$531$166
34 years$2,544$1,734$1,152$750$481$144
35 years$2,445$1,645$1,077$691$435$125
36 years$2,351$1,561$1,008$636$395$108
37 years$2,262$1,483$943$586$358$94
38 years$2,178$1,409$883$540$324$82
39 years$2,099$1,340$828$498$294$71
40 years$2,023$1,275$776$459$267$61
41 years$1,952$1,213$727$424$242$53
42 years$1,884$1,156$682$391$220$46
43 years$1,820$1,101$640$361$199$40
44 years$1,758$1,050$601$333$181$35
45 years$1,700$1,001$564$308$164$30
46 years$1,644$955$530$284$149$26
47 years$1,591$911$498$263$135$23
48 years$1,540$870$468$243$123$20
49 years$1,492$831$440$224$112$17
50 years$1,445$793$414$207$101$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,480,000, adding $4,570 every year, while hoping to spend $39,404 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: 34/40/26 Blend
49$1,480,000$1,480,000$1,480,000$1,480,000
50$1,635,674$1,557,234$1,534,294$1,678,253
51$1,760,587$1,591,613$1,543,767$1,744,964
52$1,896,921$1,626,356$1,552,237$1,812,983
53$2,045,798$1,661,439$1,559,629$1,885,557
54$2,208,456$1,696,836$1,565,863$1,963,118
55$2,386,256$1,732,517$1,570,856$2,046,141
56$2,580,695$1,768,453$1,574,522$2,135,151
57$2,793,426$1,804,606$1,576,768$2,230,728
58$3,026,264$1,840,941$1,577,498$2,333,510
59$3,281,211$1,877,415$1,576,613$2,444,204
60$3,560,471$1,913,984$1,574,005$2,563,587
61$3,866,468$1,950,599$1,569,563$2,692,518
62$4,201,877$1,987,207$1,563,172$2,831,946
63$4,569,639$2,023,751$1,554,710$2,982,916
64$4,972,998$2,060,170$1,544,048$3,146,583
65$5,415,522$2,096,397$1,531,052$3,324,222
66$5,901,145$2,132,360$1,515,582$3,517,237
67$6,434,199$2,167,983$1,497,491$3,727,180
68$7,019,455$2,203,182$1,476,625$3,955,762
69$7,662,169$2,237,868$1,452,822$4,204,874
70$8,368,133$2,271,946$1,425,913$4,476,598
71$9,143,724$2,305,313$1,395,723$4,773,235
72$9,995,969$2,337,859$1,362,066$5,097,321
73$10,932,611$2,369,467$1,324,748$5,451,657
74$11,962,177$2,400,010$1,283,567$5,839,330
75$13,094,064$2,429,356$1,238,311$6,263,747
76$14,338,623$2,457,359$1,188,759$6,728,669
77$15,707,260$2,483,867$1,134,680$7,238,241
78$17,212,540$2,508,715$1,075,831$7,797,039
79$18,868,307$2,531,730$1,011,959$8,410,108
80$20,689,815$2,552,726$942,800$9,083,015
81$22,693,871$2,571,504$868,079$9,821,900
82$24,898,991$2,587,854$787,505$10,633,535
83$27,325,580$2,601,550$700,778$11,525,390
84$29,996,118$2,612,355$607,583$12,505,703
85$32,935,376$2,620,014$507,591$13,583,560
86$36,170,647$2,624,258$400,458$14,768,983
87$39,732,006$2,624,799$285,826$16,073,024
88$43,652,589$2,621,333$163,320$17,507,869
89$47,968,912$2,613,537$32,550$19,086,960
90$52,721,208$2,601,067$0$20,825,119
91$57,953,811$2,583,559$0$22,768,374
92$63,715,574$2,560,627$0$24,916,630
93$70,060,326$2,531,862$0$27,280,843
94$77,047,384$2,496,828$0$29,883,054
95$84,742,111$2,455,067$0$32,747,560
96$93,216,531$2,406,090$0$35,901,142
97$102,550,010$2,349,380$0$39,373,317
98$112,830,003$2,284,392$0$43,196,625
99$124,152,882$2,210,546$0$47,406,928
100$136,624,843$2,127,229$0$52,043,759