Can I retire at age 50 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$123,869$122,765$121,689$120,638$119,612$116,721
2 years$61,321$60,179$59,072$57,999$56,958$54,062
3 years$40,475$39,328$38,224$37,161$36,137$33,327
4 years$30,053$28,910$27,817$26,772$25,773$23,071
5 years$23,802$22,666$21,587$20,564$19,592$17,006
6 years$19,636$18,508$17,446$16,445$15,503$13,034
7 years$16,662$15,543$14,497$13,520$12,608$10,258
8 years$14,432$13,323$12,295$11,342$10,459$8,227
9 years$12,698$11,600$10,590$9,661$8,808$6,691
10 years$11,312$10,225$9,232$8,328$7,505$5,501
11 years$10,179$9,103$8,128$7,247$6,455$4,561
12 years$9,236$8,170$7,213$6,357$5,593$3,807
13 years$8,438$7,384$6,445$5,612$4,878$3,195
14 years$7,754$6,711$5,791$4,982$4,276$2,693
15 years$7,163$6,131$5,228$4,443$3,765$2,278
16 years$6,646$5,625$4,740$3,978$3,327$1,933
17 years$6,190$5,181$4,313$3,574$2,950$1,644
18 years$5,785$4,787$3,937$3,221$2,623$1,402
19 years$5,423$4,437$3,605$2,911$2,338$1,197
20 years$5,098$4,123$3,308$2,636$2,088$1,024
21 years$4,804$3,840$3,043$2,393$1,869$877
22 years$4,537$3,585$2,804$2,175$1,675$752
23 years$4,294$3,353$2,589$1,981$1,504$645
24 years$4,072$3,141$2,395$1,807$1,352$554
25 years$3,867$2,948$2,218$1,650$1,216$476
26 years$3,679$2,770$2,057$1,509$1,096$409
27 years$3,505$2,607$1,910$1,381$988$352
28 years$3,343$2,457$1,776$1,265$891$303
29 years$3,193$2,318$1,652$1,160$805$261
30 years$3,053$2,189$1,539$1,065$727$225
31 years$2,923$2,069$1,435$978$657$193
32 years$2,801$1,958$1,339$899$595$167
33 years$2,686$1,854$1,250$827$538$144
34 years$2,579$1,757$1,168$761$487$124
35 years$2,478$1,667$1,092$700$441$107
36 years$2,382$1,582$1,022$645$400$92
37 years$2,292$1,503$956$594$362$79
38 years$2,207$1,428$895$548$329$68
39 years$2,127$1,358$839$505$298$59
40 years$2,051$1,292$786$466$270$51
41 years$1,978$1,230$737$430$245$44
42 years$1,910$1,171$692$397$222$38
43 years$1,844$1,116$649$366$202$33
44 years$1,782$1,064$609$338$183$28
45 years$1,723$1,014$572$312$166$24
46 years$1,666$968$537$288$151$21
47 years$1,613$923$505$266$137$18
48 years$1,561$882$474$246$125$16
49 years$1,512$842$446$227$113$13
50 years$1,465$804$419$210$103$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,500,000, adding $4,154 every year, while hoping to spend $44,876 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: 69/16/15 Blend
49$1,500,000$1,500,000$1,500,000$1,500,000
50$1,657,285$1,577,785$1,554,535$1,765,617
51$1,778,580$1,607,349$1,558,864$1,867,812
52$1,910,744$1,636,857$1,561,834$1,973,845
53$2,054,836$1,666,260$1,563,352$2,088,709
54$2,212,026$1,695,503$1,563,321$2,213,270
55$2,383,598$1,724,528$1,561,638$2,348,478
56$2,570,969$1,753,273$1,558,196$2,495,383
57$2,775,694$1,781,670$1,552,883$2,655,141
58$2,999,490$1,809,647$1,545,579$2,829,025
59$3,244,244$1,837,126$1,536,162$3,018,439
60$3,512,036$1,864,024$1,524,503$3,224,930
61$3,805,154$1,890,252$1,510,464$3,450,203
62$4,126,119$1,915,714$1,493,904$3,696,135
63$4,477,707$1,940,308$1,474,674$3,964,799
64$4,862,975$1,963,924$1,452,617$4,258,475
65$5,285,289$1,986,448$1,427,570$4,579,679
66$5,748,358$2,007,752$1,399,363$4,931,183
67$6,256,264$2,027,706$1,367,815$5,316,043
68$6,813,507$2,046,167$1,332,741$5,737,625
69$7,425,040$2,062,985$1,293,943$6,199,643
70$8,096,321$2,077,998$1,251,217$6,706,187
71$8,833,361$2,091,035$1,204,348$7,261,765
72$9,642,782$2,101,915$1,153,112$7,871,349
73$10,531,880$2,110,443$1,097,276$8,540,417
74$11,508,690$2,116,412$1,036,593$9,275,006
75$12,582,066$2,119,606$970,807$10,081,772
76$13,761,759$2,119,789$899,652$10,968,051
77$15,058,515$2,116,716$822,848$11,941,928
78$16,484,172$2,110,123$740,101$13,012,315
79$18,051,771$2,099,732$651,108$14,189,035
80$19,775,681$2,085,248$555,549$15,482,915
81$21,671,732$2,066,357$453,092$16,905,888
82$23,757,367$2,042,727$343,389$18,471,108
83$26,051,803$2,014,005$226,077$20,193,072
84$28,576,214$1,979,818$100,777$22,087,758
85$31,353,929$1,939,771$0$24,172,780
86$34,410,654$1,893,444$0$26,472,821
87$37,774,711$1,840,393$0$29,021,559
88$41,477,309$1,780,149$0$31,826,499
89$45,552,833$1,712,215$0$34,913,704
90$50,039,173$1,636,065$0$38,311,895
91$54,978,079$1,551,142$0$42,052,725
92$60,415,552$1,456,857$0$46,171,073
93$66,402,283$1,352,588$0$50,705,378
94$72,994,128$1,237,677$0$55,698,001
95$80,252,633$1,111,427$0$61,195,624
96$88,245,619$973,105$0$67,249,692
97$97,047,817$821,931$0$73,916,898
98$106,741,575$657,087$0$81,259,721
99$117,417,635$477,703$0$89,347,012
100$129,175,989$282,866$0$98,254,649