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%19.3%
1 years$122,217$121,128$120,066$119,030$118,017$113,604
2 years$60,503$59,377$58,285$57,226$56,199$51,803
3 years$39,935$38,803$37,714$36,665$35,655$31,415
4 years$29,653$28,525$27,446$26,415$25,429$21,378
5 years$23,485$22,364$21,299$20,289$19,331$15,478
6 years$19,375$18,262$17,213$16,226$15,296$11,644
7 years$16,440$15,336$14,304$13,340$12,440$8,988
8 years$14,239$13,146$12,131$11,191$10,320$7,065
9 years$12,529$11,446$10,448$9,532$8,691$5,629
10 years$11,162$10,089$9,109$8,217$7,405$4,530
11 years$10,044$8,982$8,020$7,151$6,369$3,674
12 years$9,112$8,061$7,117$6,272$5,519$2,999
13 years$8,325$7,285$6,359$5,537$4,813$2,459
14 years$7,651$6,622$5,713$4,916$4,219$2,025
15 years$7,067$6,049$5,158$4,384$3,714$1,672
16 years$6,557$5,550$4,677$3,925$3,283$1,385
17 years$6,107$5,111$4,256$3,527$2,911$1,149
18 years$5,708$4,723$3,885$3,178$2,588$955
19 years$5,351$4,377$3,556$2,872$2,307$795
20 years$5,030$4,068$3,264$2,601$2,061$662
21 years$4,740$3,789$3,002$2,361$1,844$552
22 years$4,477$3,537$2,767$2,146$1,653$461
23 years$4,237$3,308$2,555$1,955$1,484$385
24 years$4,017$3,099$2,363$1,783$1,334$322
25 years$3,816$2,909$2,188$1,628$1,200$269
26 years$3,630$2,734$2,030$1,489$1,081$225
27 years$3,458$2,573$1,885$1,363$975$189
28 years$3,299$2,424$1,752$1,248$879$158
29 years$3,151$2,287$1,630$1,145$794$132
30 years$3,013$2,160$1,519$1,051$717$111
31 years$2,884$2,042$1,416$965$649$93
32 years$2,763$1,932$1,321$887$587$78
33 years$2,650$1,829$1,233$816$531$65
34 years$2,544$1,734$1,152$750$481$54
35 years$2,445$1,645$1,077$691$435$46
36 years$2,351$1,561$1,008$636$395$38
37 years$2,262$1,483$943$586$358$32
38 years$2,178$1,409$883$540$324$27
39 years$2,099$1,340$828$498$294$23
40 years$2,023$1,275$776$459$267$19
41 years$1,952$1,213$727$424$242$16
42 years$1,884$1,156$682$391$220$13
43 years$1,820$1,101$640$361$199$11
44 years$1,758$1,050$601$333$181$9
45 years$1,700$1,001$564$308$164$8
46 years$1,644$955$530$284$149$7
47 years$1,591$911$498$263$135$5
48 years$1,540$870$468$243$123$5
49 years$1,492$831$440$224$112$4
50 years$1,445$793$414$207$101$3

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 $4,619 every year, while hoping to spend $41,810 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: 71/17/12 Blend
49$1,480,000$1,480,000$1,480,000$1,480,000
50$1,635,724$1,557,284$1,534,344$1,747,420
51$1,758,083$1,589,106$1,541,260$1,853,863
52$1,891,521$1,621,085$1,547,005$1,964,801
53$2,037,123$1,653,186$1,551,497$2,085,128
54$2,196,087$1,685,369$1,554,649$2,215,760
55$2,369,726$1,717,591$1,556,369$2,357,709
56$2,559,491$1,749,806$1,556,560$2,512,088
57$2,766,975$1,781,962$1,555,121$2,680,122
58$2,993,935$1,814,007$1,551,945$2,863,164
59$3,242,304$1,845,880$1,546,923$3,062,701
60$3,514,210$1,877,519$1,539,936$3,280,374
61$3,811,998$1,908,857$1,530,863$3,517,990
62$4,138,250$1,939,819$1,519,574$3,777,539
63$4,495,808$1,970,327$1,505,937$4,061,216
64$4,887,804$2,000,297$1,489,810$4,371,439
65$5,317,687$2,029,638$1,471,045$4,710,871
66$5,789,255$2,058,254$1,449,489$5,082,448
67$6,306,691$2,086,040$1,424,979$5,489,405
68$6,874,604$2,112,887$1,397,346$5,935,307
69$7,498,070$2,138,674$1,366,414$6,424,083
70$8,182,681$2,163,277$1,331,996$6,960,062
71$8,934,595$2,186,559$1,293,899$7,548,017
72$9,760,600$2,208,376$1,251,920$8,193,204
73$10,668,169$2,228,575$1,205,848$8,901,420
74$11,665,538$2,246,990$1,155,459$9,679,052
75$12,761,779$2,263,449$1,100,523$10,533,137
76$13,966,886$2,277,764$1,040,797$11,471,433
77$15,291,872$2,289,738$976,027$12,502,489
78$16,748,868$2,299,160$905,949$13,635,726
79$18,351,240$2,305,806$830,286$14,881,530
80$20,113,715$2,309,439$748,748$16,251,344
81$22,052,517$2,309,805$661,035$17,757,781
82$24,185,524$2,306,636$566,830$19,414,741
83$26,532,433$2,299,646$465,804$21,237,545
84$29,114,946$2,288,534$357,614$23,243,076
85$31,956,976$2,272,977$241,899$25,449,942
86$35,084,870$2,252,636$118,286$27,878,652
87$38,527,661$2,227,149$0$30,551,809
88$42,317,337$2,196,134$0$33,496,066
89$46,489,145$2,159,184$0$36,753,410
90$51,081,923$2,115,870$0$40,338,989
91$56,138,468$2,065,736$0$44,286,206
92$61,705,936$2,008,301$0$48,631,871
93$67,836,287$1,943,054$0$53,416,549
94$74,586,780$1,869,455$0$58,684,942
95$82,020,505$1,786,931$0$64,486,312
96$90,206,985$1,694,880$0$70,874,947
97$99,222,828$1,592,659$0$77,910,672
98$109,152,451$1,479,595$0$85,659,416
99$120,088,876$1,354,970$0$94,193,833
100$132,134,607$1,218,029$0$103,593,990