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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$122,217$121,128$120,066$119,030$118,017$113,649
2 years$60,503$59,377$58,285$57,226$56,199$51,847
3 years$39,935$38,803$37,714$36,665$35,655$31,457
4 years$29,653$28,525$27,446$26,415$25,429$21,417
5 years$23,485$22,364$21,299$20,289$19,331$15,514
6 years$19,375$18,262$17,213$16,226$15,296$11,678
7 years$16,440$15,336$14,304$13,340$12,440$9,020
8 years$14,239$13,146$12,131$11,191$10,320$7,094
9 years$12,529$11,446$10,448$9,532$8,691$5,655
10 years$11,162$10,089$9,109$8,217$7,405$4,554
11 years$10,044$8,982$8,020$7,151$6,369$3,697
12 years$9,112$8,061$7,117$6,272$5,519$3,019
13 years$8,325$7,285$6,359$5,537$4,813$2,477
14 years$7,651$6,622$5,713$4,916$4,219$2,041
15 years$7,067$6,049$5,158$4,384$3,714$1,687
16 years$6,557$5,550$4,677$3,925$3,283$1,398
17 years$6,107$5,111$4,256$3,527$2,911$1,161
18 years$5,708$4,723$3,885$3,178$2,588$965
19 years$5,351$4,377$3,556$2,872$2,307$804
20 years$5,030$4,068$3,264$2,601$2,061$671
21 years$4,740$3,789$3,002$2,361$1,844$560
22 years$4,477$3,537$2,767$2,146$1,653$468
23 years$4,237$3,308$2,555$1,955$1,484$391
24 years$4,017$3,099$2,363$1,783$1,334$327
25 years$3,816$2,909$2,188$1,628$1,200$274
26 years$3,630$2,734$2,030$1,489$1,081$229
27 years$3,458$2,573$1,885$1,363$975$192
28 years$3,299$2,424$1,752$1,248$879$161
29 years$3,151$2,287$1,630$1,145$794$135
30 years$3,013$2,160$1,519$1,051$717$113
31 years$2,884$2,042$1,416$965$649$95
32 years$2,763$1,932$1,321$887$587$79
33 years$2,650$1,829$1,233$816$531$67
34 years$2,544$1,734$1,152$750$481$56
35 years$2,445$1,645$1,077$691$435$47
36 years$2,351$1,561$1,008$636$395$39
37 years$2,262$1,483$943$586$358$33
38 years$2,178$1,409$883$540$324$28
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$14
43 years$1,820$1,101$640$361$199$11
44 years$1,758$1,050$601$333$181$10
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$6
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 $5,819 every year, while hoping to spend $27,952 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: 39/38/23 Blend
49$1,480,000$1,480,000$1,480,000$1,480,000
50$1,636,962$1,558,522$1,535,582$1,689,411
51$1,774,192$1,605,149$1,557,284$1,774,497
52$1,924,482$1,653,124$1,578,775$1,863,383
53$2,089,135$1,702,483$1,600,020$1,958,937
54$2,269,586$1,753,264$1,620,980$2,061,782
55$2,467,415$1,805,505$1,641,614$2,172,602
56$2,684,362$1,859,246$1,661,879$2,292,150
57$2,922,343$1,914,525$1,681,728$2,421,256
58$3,183,471$1,971,385$1,701,114$2,560,832
59$3,470,069$2,029,867$1,719,986$2,711,881
60$3,784,699$2,090,014$1,738,289$2,875,509
61$4,130,184$2,151,870$1,755,967$3,052,932
62$4,509,630$2,215,479$1,772,959$3,245,490
63$4,926,462$2,280,888$1,789,203$3,454,657
64$5,384,452$2,348,142$1,804,632$3,682,058
65$5,887,755$2,417,289$1,819,176$3,929,481
66$6,440,948$2,488,379$1,832,761$4,198,895
67$7,049,076$2,561,460$1,845,309$4,492,469
68$7,717,693$2,636,583$1,856,738$4,812,592
69$8,452,922$2,713,801$1,866,964$5,161,895
70$9,261,508$2,793,164$1,875,895$5,543,276
71$10,150,880$2,874,728$1,883,436$5,959,927
72$11,129,227$2,958,546$1,889,487$6,415,366
73$12,205,568$3,044,675$1,893,945$6,913,467
74$13,389,842$3,133,170$1,896,698$7,458,497
75$14,693,000$3,224,090$1,897,632$8,055,159
76$16,127,109$3,317,492$1,896,625$8,708,634
77$17,705,462$3,413,438$1,893,550$9,424,628
78$19,442,709$3,511,986$1,888,274$10,209,430
79$21,354,991$3,613,199$1,880,657$11,069,968
80$23,460,093$3,717,139$1,870,552$12,013,877
81$25,777,612$3,823,869$1,857,805$13,049,567
82$28,329,143$3,933,453$1,842,257$14,186,308
83$31,138,481$4,045,957$1,823,737$15,434,311
84$34,231,843$4,161,445$1,802,069$16,804,829
85$37,638,121$4,279,986$1,777,068$18,310,261
86$41,389,150$4,401,646$1,748,541$19,964,271
87$45,520,010$4,526,494$1,716,284$21,781,915
88$50,069,357$4,654,598$1,680,085$23,779,782
89$55,079,785$4,786,028$1,639,723$25,976,156
90$60,598,234$4,920,853$1,594,963$28,391,180
91$66,676,423$5,059,145$1,545,564$31,047,055
92$73,371,349$5,200,974$1,491,271$33,968,245
93$80,745,816$5,346,411$1,431,818$37,181,706
94$88,869,032$5,495,528$1,366,927$40,717,146
95$97,817,262$5,648,397$1,296,308$44,607,301
96$107,674,544$5,805,089$1,219,655$48,888,246
97$118,533,486$5,965,677$1,136,652$53,599,735
98$130,496,138$6,130,232$1,046,967$58,785,578
99$143,674,957$6,298,826$950,253$64,494,053
100$158,193,863$6,471,530$846,147$70,778,359