Can I retire at age 50 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$117,262$116,218$115,199$114,204$113,233$112,004
2 years$58,051$56,969$55,922$54,906$53,920$52,683
3 years$38,316$37,230$36,185$35,179$34,209$33,002
4 years$28,451$27,368$26,333$25,344$24,398$23,230
5 years$22,533$21,457$20,436$19,467$18,547$17,422
6 years$18,589$17,521$16,515$15,568$14,676$13,594
7 years$15,773$14,714$13,724$12,799$11,935$10,898
8 years$13,662$12,613$11,639$10,737$9,902$8,909
9 years$12,021$10,982$10,025$9,145$8,339$7,390
10 years$10,709$9,680$8,740$7,883$7,105$6,200
11 years$9,636$8,617$7,694$6,861$6,110$5,248
12 years$8,743$7,735$6,829$6,018$5,295$4,475
13 years$7,988$6,990$6,101$5,313$4,617$3,838
14 years$7,341$6,354$5,482$4,716$4,048$3,308
15 years$6,781$5,804$4,949$4,206$3,564$2,862
16 years$6,291$5,325$4,487$3,766$3,150$2,486
17 years$5,860$4,904$4,083$3,384$2,793$2,165
18 years$5,476$4,532$3,727$3,049$2,483$1,890
19 years$5,134$4,200$3,412$2,755$2,213$1,654
20 years$4,826$3,903$3,132$2,496$1,977$1,450
21 years$4,548$3,635$2,880$2,265$1,769$1,273
22 years$4,295$3,393$2,655$2,059$1,586$1,119
23 years$4,065$3,174$2,451$1,875$1,424$985
24 years$3,855$2,974$2,267$1,711$1,280$868
25 years$3,661$2,791$2,100$1,562$1,151$766
26 years$3,483$2,623$1,947$1,428$1,037$676
27 years$3,318$2,468$1,808$1,307$935$597
28 years$3,165$2,326$1,681$1,198$844$528
29 years$3,023$2,194$1,564$1,098$762$467
30 years$2,891$2,072$1,457$1,008$688$413
31 years$2,767$1,959$1,358$926$622$366
32 years$2,651$1,854$1,267$851$563$324
33 years$2,543$1,755$1,183$782$509$287
34 years$2,441$1,664$1,106$720$461$254
35 years$2,346$1,578$1,034$663$418$225
36 years$2,255$1,498$967$610$379$200
37 years$2,170$1,422$905$562$343$177
38 years$2,090$1,352$848$518$311$157
39 years$2,014$1,285$794$478$282$139
40 years$1,941$1,223$744$441$256$124
41 years$1,873$1,164$698$407$232$110
42 years$1,808$1,109$655$375$211$97
43 years$1,746$1,056$614$347$191$86
44 years$1,687$1,007$577$320$173$77
45 years$1,631$960$541$295$158$68
46 years$1,578$916$509$273$143$60
47 years$1,527$874$478$252$130$54
48 years$1,478$835$449$233$118$48
49 years$1,431$797$422$215$107$42
50 years$1,386$761$397$199$97$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,420,000, adding $2,447 every year, while hoping to spend $36,461 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: 32/44/24 Blend
49$1,420,000$1,420,000$1,420,000$1,420,000
50$1,567,364$1,492,104$1,470,094$1,605,896
51$1,688,441$1,526,423$1,480,548$1,669,597
52$1,820,646$1,561,201$1,490,130$1,734,723
53$1,965,075$1,596,424$1,498,773$1,804,134
54$2,122,936$1,632,071$1,506,405$1,878,229
55$2,295,557$1,668,125$1,512,951$1,957,451
56$2,484,402$1,704,561$1,518,333$2,042,284
57$2,691,082$1,741,356$1,522,469$2,133,265
58$2,917,372$1,778,482$1,525,271$2,230,987
59$3,165,226$1,815,909$1,526,649$2,336,101
60$3,436,794$1,853,603$1,526,507$2,449,327
61$3,734,446$1,891,530$1,524,744$2,571,460
62$4,060,793$1,929,648$1,521,256$2,703,375
63$4,418,708$1,967,915$1,515,933$2,846,039
64$4,811,357$2,006,284$1,508,658$3,000,519
65$5,242,228$2,044,704$1,499,310$3,167,990
66$5,715,162$2,083,121$1,487,763$3,349,750
67$6,234,388$2,121,474$1,473,883$3,547,230
68$6,804,569$2,159,699$1,457,532$3,762,011
69$7,430,838$2,197,727$1,438,561$3,995,834
70$8,118,850$2,235,483$1,416,820$4,250,621
71$8,874,837$2,272,885$1,392,148$4,528,493
72$9,705,662$2,309,848$1,364,376$4,831,789
73$10,618,887$2,346,279$1,333,331$5,163,089
74$11,622,844$2,382,077$1,298,828$5,525,240
75$12,726,710$2,417,135$1,260,675$5,921,381
76$13,940,599$2,451,339$1,218,672$6,354,975
77$15,275,651$2,484,565$1,172,608$6,829,843
78$16,744,140$2,516,682$1,122,263$7,350,198
79$18,359,593$2,547,550$1,067,410$7,920,688
80$20,136,910$2,577,018$1,007,806$8,546,440
81$22,092,509$2,604,926$943,202$9,233,106
82$24,244,480$2,631,103$873,335$9,986,922
83$26,612,757$2,655,366$797,931$10,814,766
84$29,219,301$2,677,522$716,704$11,724,222
85$32,088,312$2,697,363$629,356$12,723,653
86$35,246,454$2,714,668$535,574$13,822,285
87$38,723,108$2,729,203$435,032$15,030,287
88$42,550,649$2,740,718$327,389$16,358,879
89$46,764,749$2,748,947$212,291$17,820,428
90$51,404,716$2,753,608$89,365$19,428,574
91$56,513,864$2,754,402$0$21,198,358
92$62,139,920$2,751,009$0$23,157,070
93$68,335,475$2,743,092$0$25,337,407
94$75,158,481$2,730,291$0$27,736,728
95$82,672,797$2,712,226$0$30,377,376
96$90,948,790$2,688,492$0$33,283,979
97$100,064,000$2,658,662$0$36,483,682
98$110,103,871$2,622,280$0$40,006,404
99$121,162,561$2,578,866$0$43,885,127
100$133,343,821$2,527,910$0$48,156,201