Can I retire at age 50 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$123,043$121,947$120,878$119,834$118,815$117,427
2 years$60,912$59,778$58,678$57,612$56,578$55,182
3 years$40,205$39,065$37,969$36,913$35,896$34,534
4 years$29,853$28,717$27,632$26,594$25,601$24,284
5 years$23,644$22,515$21,443$20,426$19,462$18,193
6 years$19,505$18,385$17,329$16,335$15,399$14,181
7 years$16,551$15,440$14,401$13,430$12,524$11,356
8 years$14,336$13,235$12,213$11,266$10,390$9,272
9 years$12,614$11,523$10,519$9,596$8,750$7,682
10 years$11,237$10,157$9,171$8,272$7,455$6,437
11 years$10,111$9,042$8,074$7,199$6,412$5,442
12 years$9,174$8,116$7,165$6,315$5,556$4,634
13 years$8,381$7,334$6,402$5,575$4,845$3,970
14 years$7,703$6,667$5,752$4,949$4,247$3,417
15 years$7,115$6,090$5,193$4,413$3,740$2,953
16 years$6,601$5,588$4,708$3,952$3,305$2,561
17 years$6,148$5,146$4,284$3,551$2,930$2,227
18 years$5,746$4,755$3,911$3,200$2,606$1,942
19 years$5,387$4,407$3,580$2,891$2,322$1,696
20 years$5,064$4,095$3,286$2,619$2,074$1,485
21 years$4,772$3,815$3,022$2,377$1,856$1,302
22 years$4,507$3,561$2,786$2,161$1,664$1,143
23 years$4,266$3,330$2,572$1,968$1,494$1,005
24 years$4,045$3,120$2,379$1,795$1,343$884
25 years$3,841$2,928$2,203$1,639$1,208$778
26 years$3,654$2,752$2,043$1,499$1,088$686
27 years$3,481$2,590$1,897$1,372$981$605
28 years$3,321$2,441$1,764$1,257$885$534
29 years$3,172$2,302$1,641$1,153$799$471
30 years$3,033$2,174$1,529$1,058$722$416
31 years$2,903$2,055$1,425$972$653$368
32 years$2,782$1,945$1,330$893$591$325
33 years$2,668$1,842$1,242$821$535$288
34 years$2,562$1,746$1,160$755$484$255
35 years$2,461$1,656$1,085$695$438$225
36 years$2,366$1,572$1,015$640$397$199
37 years$2,277$1,493$950$590$360$176
38 years$2,193$1,418$889$544$326$156
39 years$2,113$1,349$833$502$296$138
40 years$2,037$1,283$781$463$268$123
41 years$1,965$1,222$732$427$244$109
42 years$1,897$1,163$687$394$221$96
43 years$1,832$1,108$645$364$201$85
44 years$1,770$1,057$605$336$182$75
45 years$1,711$1,008$568$310$165$67
46 years$1,655$961$534$286$150$59
47 years$1,602$917$501$265$136$52
48 years$1,551$876$471$244$124$47
49 years$1,502$836$443$226$112$41
50 years$1,455$799$416$209$102$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,490,000, adding $4,634 every year, while hoping to spend $24,646 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: 84/5/11 Blend
49$1,490,000$1,490,000$1,490,000$1,490,000
50$1,646,760$1,567,790$1,544,695$1,781,773
51$1,788,506$1,618,389$1,570,219$1,921,387
52$1,943,885$1,670,640$1,595,772$2,070,939
53$2,114,260$1,724,601$1,621,329$2,234,466
54$2,301,134$1,780,326$1,646,864$2,413,358
55$2,506,163$1,837,875$1,672,347$2,609,148
56$2,731,170$1,897,309$1,697,749$2,823,523
57$2,978,163$1,958,691$1,723,037$3,058,343
58$3,249,354$2,022,085$1,748,177$3,315,654
59$3,547,181$2,087,560$1,773,134$3,597,711
60$3,874,327$2,155,184$1,797,867$3,907,000
61$4,233,750$2,225,030$1,822,337$4,246,256
62$4,628,707$2,297,171$1,846,501$4,618,495
63$5,062,789$2,371,686$1,870,312$5,027,037
64$5,539,948$2,448,654$1,893,723$5,475,542
65$6,064,542$2,528,157$1,916,681$5,968,042
66$6,641,369$2,610,280$1,939,134$6,508,976
67$7,275,717$2,695,112$1,961,023$7,103,237
68$7,973,411$2,782,744$1,982,288$7,756,218
69$8,740,871$2,873,270$2,002,867$8,473,856
70$9,585,168$2,966,789$2,022,692$9,262,697
71$10,514,095$3,063,401$2,041,691$10,129,949
72$11,536,236$3,163,211$2,059,791$11,083,559
73$12,661,051$3,266,327$2,076,913$12,132,278
74$13,898,963$3,372,862$2,092,975$13,285,752
75$15,261,456$3,482,931$2,107,888$14,554,608
76$16,761,185$3,596,655$2,121,563$15,950,556
77$18,412,092$3,714,158$2,133,902$17,486,499
78$20,229,542$3,835,568$2,144,804$19,176,653
79$22,230,464$3,961,019$2,154,163$21,036,685
80$24,433,511$4,090,649$2,161,867$23,083,857
81$26,859,238$4,224,599$2,167,799$25,337,191
82$29,530,295$4,363,020$2,171,835$27,817,646
83$32,471,640$4,506,062$2,173,845$30,548,319
84$35,710,773$4,653,885$2,173,695$33,554,661
85$39,277,998$4,806,652$2,171,241$36,864,715
86$43,206,710$4,964,534$2,166,333$40,509,386
87$47,533,705$5,127,706$2,158,816$44,522,726
88$52,299,530$5,296,351$2,148,523$48,942,263
89$57,548,867$5,470,657$2,135,284$53,809,345
90$63,330,952$5,650,820$2,118,917$59,169,541
91$69,700,042$5,837,043$2,099,233$65,073,063
92$76,715,922$6,029,534$2,076,033$71,575,244
93$84,444,476$6,228,511$2,049,110$78,737,058
94$92,958,303$6,434,199$2,018,246$86,625,697
95$102,337,407$6,646,831$1,983,214$95,315,203
96$112,669,946$6,866,649$1,943,775$104,887,170
97$124,053,068$7,093,903$1,899,680$115,431,512
98$136,593,829$7,328,852$1,850,667$127,047,310
99$150,410,199$7,571,766$1,796,464$139,843,752
100$165,632,179$7,822,921$1,736,784$153,941,159