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%19.8%
1 years$123,043$121,947$120,878$119,834$118,815$114,146
2 years$60,912$59,778$58,678$57,612$56,578$51,932
3 years$40,205$39,065$37,969$36,913$35,896$31,417
4 years$29,853$28,717$27,632$26,594$25,601$21,325
5 years$23,644$22,515$21,443$20,426$19,462$15,399
6 years$19,505$18,385$17,329$16,335$15,399$11,553
7 years$16,551$15,440$14,401$13,430$12,524$8,892
8 years$14,336$13,235$12,213$11,266$10,390$6,970
9 years$12,614$11,523$10,519$9,596$8,750$5,535
10 years$11,237$10,157$9,171$8,272$7,455$4,441
11 years$10,111$9,042$8,074$7,199$6,412$3,590
12 years$9,174$8,116$7,165$6,315$5,556$2,920
13 years$8,381$7,334$6,402$5,575$4,845$2,387
14 years$7,703$6,667$5,752$4,949$4,247$1,958
15 years$7,115$6,090$5,193$4,413$3,740$1,611
16 years$6,601$5,588$4,708$3,952$3,305$1,329
17 years$6,148$5,146$4,284$3,551$2,930$1,099
18 years$5,746$4,755$3,911$3,200$2,606$910
19 years$5,387$4,407$3,580$2,891$2,322$755
20 years$5,064$4,095$3,286$2,619$2,074$626
21 years$4,772$3,815$3,022$2,377$1,856$520
22 years$4,507$3,561$2,786$2,161$1,664$433
23 years$4,266$3,330$2,572$1,968$1,494$360
24 years$4,045$3,120$2,379$1,795$1,343$300
25 years$3,841$2,928$2,203$1,639$1,208$250
26 years$3,654$2,752$2,043$1,499$1,088$208
27 years$3,481$2,590$1,897$1,372$981$173
28 years$3,321$2,441$1,764$1,257$885$145
29 years$3,172$2,302$1,641$1,153$799$121
30 years$3,033$2,174$1,529$1,058$722$101
31 years$2,903$2,055$1,425$972$653$84
32 years$2,782$1,945$1,330$893$591$70
33 years$2,668$1,842$1,242$821$535$58
34 years$2,562$1,746$1,160$755$484$49
35 years$2,461$1,656$1,085$695$438$41
36 years$2,366$1,572$1,015$640$397$34
37 years$2,277$1,493$950$590$360$28
38 years$2,193$1,418$889$544$326$24
39 years$2,113$1,349$833$502$296$20
40 years$2,037$1,283$781$463$268$16
41 years$1,965$1,222$732$427$244$14
42 years$1,897$1,163$687$394$221$11
43 years$1,832$1,108$645$364$201$10
44 years$1,770$1,057$605$336$182$8
45 years$1,711$1,008$568$310$165$7
46 years$1,655$961$534$286$150$6
47 years$1,602$917$501$265$136$5
48 years$1,551$876$471$244$124$4
49 years$1,502$836$443$226$112$3
50 years$1,455$799$416$209$102$3

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 $5,962 every year, while hoping to spend $37,993 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: 55/19/26 Blend
49$1,490,000$1,490,000$1,490,000$1,490,000
50$1,648,130$1,569,160$1,546,065$1,726,668
51$1,775,815$1,605,624$1,557,434$1,817,833
52$1,915,250$1,642,602$1,567,910$1,912,624
53$2,067,595$1,680,079$1,577,424$2,015,083
54$2,234,123$1,718,037$1,585,902$2,125,960
55$2,416,241$1,756,457$1,593,266$2,246,081
56$2,615,492$1,795,318$1,599,435$2,376,358
57$2,833,580$1,834,597$1,604,325$2,517,794
58$3,072,380$1,874,266$1,607,844$2,671,496
59$3,333,954$1,914,298$1,609,898$2,838,684
60$3,620,578$1,954,658$1,610,390$3,020,704
61$3,934,754$1,995,313$1,609,215$3,219,038
62$4,279,239$2,036,224$1,606,264$3,435,320
63$4,657,071$2,077,349$1,601,423$3,671,353
64$5,071,594$2,118,640$1,594,573$3,929,121
65$5,526,493$2,160,050$1,585,587$4,210,815
66$6,025,825$2,201,523$1,574,335$4,518,849
67$6,574,062$2,243,000$1,560,678$4,855,883
68$7,176,128$2,284,419$1,544,472$5,224,850
69$7,837,447$2,325,709$1,525,566$5,628,985
70$8,563,995$2,366,797$1,503,801$6,071,851
71$9,362,356$2,407,604$1,479,011$6,557,380
72$10,239,781$2,448,041$1,451,023$7,089,902
73$11,204,262$2,488,018$1,419,656$7,674,194
74$12,264,600$2,527,435$1,384,718$8,315,519
75$13,430,495$2,566,184$1,346,011$9,019,683
76$14,712,630$2,604,152$1,303,327$9,793,081
77$16,122,778$2,641,215$1,256,448$10,642,767
78$17,673,908$2,677,242$1,205,147$11,576,514
79$19,380,313$2,712,093$1,149,185$12,602,893
80$21,257,736$2,745,617$1,088,314$13,731,349
81$23,323,526$2,777,653$1,022,273$14,972,296
82$25,596,798$2,808,031$950,792$16,337,212
83$28,098,614$2,836,566$873,585$17,838,750
84$30,852,179$2,863,065$790,357$19,490,858
85$33,883,065$2,887,318$700,797$21,308,909
86$37,219,445$2,909,105$604,582$23,309,848
87$40,892,366$2,928,188$501,373$25,512,355
88$44,936,036$2,944,318$390,818$27,937,020
89$49,388,149$2,957,227$272,547$30,606,535
90$54,290,239$2,966,630$146,177$33,545,916
91$59,688,075$2,972,226$11,305$36,782,734
92$65,632,086$2,973,693$0$40,347,379
93$72,177,846$2,970,691$0$44,310,143
94$79,386,588$2,962,857$0$48,676,889
95$87,325,791$2,949,807$0$53,485,298
96$96,069,807$2,931,133$0$58,780,355
97$105,700,572$2,906,404$0$64,611,632
98$116,308,372$2,875,159$0$71,033,760
99$127,992,697$2,836,913$0$78,106,942
100$140,863,181$2,791,150$0$85,897,524