Can I retire at age 50 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$118,914$117,855$116,821$115,813$114,828$114,296
2 years$58,868$57,772$56,709$55,679$54,680$54,143
3 years$38,856$37,755$36,695$35,674$34,691$34,166
4 years$28,851$27,754$26,704$25,701$24,742$24,232
5 years$22,850$21,759$20,724$19,741$18,808$18,316
6 years$18,851$17,768$16,748$15,787$14,883$14,408
7 years$15,995$14,922$13,917$12,979$12,103$11,647
8 years$13,855$12,791$11,803$10,888$10,041$9,603
9 years$12,191$11,136$10,166$9,274$8,456$8,035
10 years$10,860$9,816$8,863$7,994$7,205$6,802
11 years$9,772$8,739$7,803$6,958$6,196$5,811
12 years$8,866$7,843$6,925$6,103$5,370$5,002
13 years$8,100$7,088$6,187$5,388$4,683$4,331
14 years$7,444$6,443$5,559$4,783$4,105$3,770
15 years$6,876$5,886$5,019$4,265$3,614$3,296
16 years$6,380$5,400$4,550$3,819$3,194$2,891
17 years$5,942$4,973$4,141$3,431$2,832$2,544
18 years$5,554$4,596$3,780$3,092$2,518$2,245
19 years$5,206$4,259$3,460$2,794$2,245$1,986
20 years$4,894$3,958$3,176$2,531$2,005$1,760
21 years$4,612$3,687$2,921$2,297$1,794$1,562
22 years$4,356$3,441$2,692$2,088$1,608$1,389
23 years$4,123$3,218$2,486$1,902$1,444$1,237
24 years$3,909$3,016$2,299$1,735$1,298$1,103
25 years$3,713$2,830$2,129$1,584$1,168$984
26 years$3,532$2,660$1,975$1,448$1,052$879
27 years$3,364$2,503$1,834$1,326$948$786
28 years$3,209$2,359$1,705$1,215$856$703
29 years$3,065$2,225$1,586$1,114$773$629
30 years$2,931$2,101$1,478$1,022$698$563
31 years$2,806$1,986$1,378$939$631$505
32 years$2,689$1,880$1,285$863$571$453
33 years$2,579$1,780$1,200$794$517$406
34 years$2,476$1,687$1,121$730$468$364
35 years$2,379$1,600$1,048$672$424$327
36 years$2,287$1,519$981$619$384$293
37 years$2,201$1,442$918$570$348$264
38 years$2,119$1,371$860$526$315$237
39 years$2,042$1,304$805$485$286$213
40 years$1,969$1,240$755$447$259$191
41 years$1,899$1,181$708$412$235$172
42 years$1,833$1,124$664$381$214$154
43 years$1,771$1,071$623$351$194$139
44 years$1,711$1,021$585$324$176$125
45 years$1,654$974$549$300$160$112
46 years$1,600$929$516$277$145$101
47 years$1,548$886$485$256$132$91
48 years$1,499$846$455$236$120$82
49 years$1,451$808$428$218$109$73
50 years$1,406$772$402$202$99$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,440,000, adding $5,940 every year, while hoping to spend $27,270 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: 57/22/21 Blend
49$1,440,000$1,440,000$1,440,000$1,440,000
50$1,593,007$1,516,687$1,494,367$1,674,517
51$1,726,479$1,561,990$1,515,413$1,776,048
52$1,872,651$1,608,598$1,536,251$1,883,212
53$2,032,789$1,656,548$1,556,843$1,999,409
54$2,208,289$1,705,874$1,577,153$2,125,513
55$2,400,687$1,756,615$1,597,140$2,262,490
56$2,611,676$1,808,807$1,616,763$2,411,402
57$2,843,117$1,862,489$1,635,975$2,573,419
58$3,097,065$1,917,701$1,654,730$2,749,830
59$3,375,780$1,974,482$1,672,977$2,942,052
60$3,681,752$2,032,875$1,690,665$3,151,649
61$4,017,725$2,092,920$1,707,737$3,380,342
62$4,386,721$2,154,661$1,724,134$3,630,025
63$4,792,070$2,218,142$1,739,795$3,902,788
64$5,237,437$2,283,408$1,754,655$4,200,929
65$5,726,865$2,350,504$1,768,645$4,526,982
66$6,264,803$2,419,476$1,781,692$4,883,739
67$6,856,155$2,490,373$1,793,722$5,274,274
68$7,506,324$2,563,243$1,804,652$5,701,974
69$8,221,262$2,638,134$1,814,401$6,170,572
70$9,007,526$2,715,099$1,822,879$6,684,179
71$9,872,342$2,794,186$1,829,993$7,247,326
72$10,823,669$2,875,450$1,835,647$7,865,003
73$11,870,279$2,958,942$1,839,736$8,542,709
74$13,021,835$3,044,718$1,842,155$9,286,505
75$14,288,984$3,132,831$1,842,789$10,103,066
76$15,683,458$3,223,337$1,841,520$10,999,749
77$17,218,184$3,316,294$1,838,224$11,984,660
78$18,907,405$3,411,759$1,832,771$13,066,730
79$20,766,816$3,509,790$1,825,024$14,255,803
80$22,813,707$3,610,447$1,814,839$15,562,722
81$25,067,136$3,713,789$1,802,066$16,999,438
82$27,548,096$3,819,877$1,786,548$18,579,120
83$30,279,724$3,928,773$1,768,119$20,316,277
84$33,287,512$4,040,539$1,746,608$22,226,901
85$36,599,551$4,155,238$1,721,832$24,328,612
86$40,246,795$4,272,935$1,693,603$26,640,826
87$44,263,351$4,393,692$1,661,722$29,184,940
88$48,686,805$4,517,574$1,625,981$31,984,533
89$53,558,572$4,644,648$1,586,164$35,065,588
90$58,924,288$4,774,978$1,542,043$38,456,736
91$64,834,244$4,908,631$1,493,380$42,189,532
92$71,343,856$5,045,672$1,439,927$46,298,744
93$78,514,188$5,186,169$1,381,423$50,822,691
94$86,412,532$5,330,188$1,317,598$55,803,596
95$95,113,039$5,477,796$1,248,166$61,287,992
96$104,697,420$5,629,058$1,172,830$67,327,154
97$115,255,717$5,784,043$1,091,280$73,977,592
98$126,887,154$5,942,815$1,003,193$81,301,576
99$139,701,072$6,105,441$908,227$89,367,728
100$153,817,959$6,271,986$806,031$98,251,672