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

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$123,043$121,947$120,878$119,834$118,815$115,011
2 years$60,912$59,778$58,678$57,612$56,578$52,782
3 years$40,205$39,065$37,969$36,913$35,896$32,225
4 years$29,853$28,717$27,632$26,594$25,601$22,084
5 years$23,644$22,515$21,443$20,426$19,462$16,108
6 years$19,505$18,385$17,329$16,335$15,399$12,212
7 years$16,551$15,440$14,401$13,430$12,524$9,502
8 years$14,336$13,235$12,213$11,266$10,390$7,532
9 years$12,614$11,523$10,519$9,596$8,750$6,052
10 years$11,237$10,157$9,171$8,272$7,455$4,914
11 years$10,111$9,042$8,074$7,199$6,412$4,022
12 years$9,174$8,116$7,165$6,315$5,556$3,313
13 years$8,381$7,334$6,402$5,575$4,845$2,743
14 years$7,703$6,667$5,752$4,949$4,247$2,280
15 years$7,115$6,090$5,193$4,413$3,740$1,902
16 years$6,601$5,588$4,708$3,952$3,305$1,591
17 years$6,148$5,146$4,284$3,551$2,930$1,334
18 years$5,746$4,755$3,911$3,200$2,606$1,120
19 years$5,387$4,407$3,580$2,891$2,322$942
20 years$5,064$4,095$3,286$2,619$2,074$794
21 years$4,772$3,815$3,022$2,377$1,856$669
22 years$4,507$3,561$2,786$2,161$1,664$565
23 years$4,266$3,330$2,572$1,968$1,494$477
24 years$4,045$3,120$2,379$1,795$1,343$403
25 years$3,841$2,928$2,203$1,639$1,208$341
26 years$3,654$2,752$2,043$1,499$1,088$289
27 years$3,481$2,590$1,897$1,372$981$244
28 years$3,321$2,441$1,764$1,257$885$207
29 years$3,172$2,302$1,641$1,153$799$175
30 years$3,033$2,174$1,529$1,058$722$148
31 years$2,903$2,055$1,425$972$653$126
32 years$2,782$1,945$1,330$893$591$107
33 years$2,668$1,842$1,242$821$535$90
34 years$2,562$1,746$1,160$755$484$77
35 years$2,461$1,656$1,085$695$438$65
36 years$2,366$1,572$1,015$640$397$55
37 years$2,277$1,493$950$590$360$47
38 years$2,193$1,418$889$544$326$40
39 years$2,113$1,349$833$502$296$34
40 years$2,037$1,283$781$463$268$28
41 years$1,965$1,222$732$427$244$24
42 years$1,897$1,163$687$394$221$20
43 years$1,832$1,108$645$364$201$17
44 years$1,770$1,057$605$336$182$15
45 years$1,711$1,008$568$310$165$12
46 years$1,655$961$534$286$150$11
47 years$1,602$917$501$265$136$9
48 years$1,551$876$471$244$124$8
49 years$1,502$836$443$226$112$6
50 years$1,455$799$416$209$102$5

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 $2,491 every year, while hoping to spend $31,048 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: 71/23/6 Blend
49$1,490,000$1,490,000$1,490,000$1,490,000
50$1,644,549$1,565,579$1,542,484$1,759,885
51$1,779,259$1,609,258$1,561,123$1,880,030
52$1,926,668$1,654,036$1,579,345$2,007,388
53$2,088,039$1,699,935$1,597,104$2,145,915
54$2,264,763$1,746,976$1,614,351$2,296,702
55$2,458,371$1,795,180$1,631,034$2,460,947
56$2,670,548$1,844,568$1,647,098$2,639,972
57$2,903,153$1,895,160$1,662,484$2,835,231
58$3,158,230$1,946,978$1,677,133$3,048,326
59$3,438,032$2,000,043$1,690,979$3,281,021
60$3,745,040$2,054,374$1,703,956$3,535,258
61$4,081,987$2,109,991$1,715,991$3,813,175
62$4,451,884$2,166,915$1,727,011$4,117,129
63$4,858,047$2,225,164$1,736,937$4,449,713
64$5,304,128$2,284,758$1,745,685$4,813,786
65$5,794,153$2,345,714$1,753,168$5,212,496
66$6,332,553$2,408,051$1,759,297$5,649,309
67$6,924,214$2,471,786$1,763,973$6,128,045
68$7,574,514$2,536,934$1,767,097$6,652,912
69$8,289,383$2,603,512$1,768,562$7,228,544
70$9,075,349$2,671,533$1,768,258$7,860,048
71$9,939,608$2,741,011$1,766,069$8,553,050
72$10,890,086$2,811,959$1,761,870$9,313,746
73$11,935,517$2,884,388$1,755,535$10,148,966
74$13,085,524$2,958,307$1,746,930$11,066,231
75$14,350,708$3,033,724$1,735,912$12,073,831
76$15,742,749$3,110,646$1,722,335$13,180,897
77$17,274,520$3,189,078$1,706,043$14,397,491
78$18,960,201$3,269,022$1,686,875$15,734,701
79$20,815,416$3,350,480$1,664,661$17,204,741
80$22,857,384$3,433,449$1,639,222$18,821,070
81$25,105,075$3,517,925$1,610,374$20,598,520
82$27,579,392$3,603,903$1,577,920$22,553,433
83$30,303,367$3,691,371$1,541,658$24,703,814
84$33,302,381$3,780,319$1,501,374$27,069,505
85$36,604,398$3,870,729$1,456,844$29,672,369
86$40,240,234$3,962,582$1,407,836$32,536,498
87$44,243,844$4,055,854$1,354,105$35,688,439
88$48,652,644$4,150,519$1,295,395$39,157,444
89$53,507,864$4,246,545$1,231,441$42,975,748
90$58,854,934$4,343,893$1,161,962$47,178,872
91$64,743,918$4,442,524$1,086,668$51,805,957
92$71,229,980$4,542,390$1,005,254$56,900,136
93$78,373,909$4,643,439$917,401$62,508,939
94$86,242,690$4,745,610$822,777$68,684,742
95$94,910,139$4,848,839$721,034$75,485,263
96$104,457,594$4,953,053$611,809$82,974,102
97$114,974,688$5,058,172$494,724$91,221,349
98$126,560,192$5,164,108$369,383$100,304,237
99$139,322,947$5,270,765$235,373$110,307,878
100$153,382,891$5,378,037$92,263$121,326,062