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

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$123,869$122,765$121,689$120,638$119,612$116,768
2 years$61,321$60,179$59,072$57,999$56,958$54,109
3 years$40,475$39,328$38,224$37,161$36,137$33,372
4 years$30,053$28,910$27,817$26,772$25,773$23,114
5 years$23,802$22,666$21,587$20,564$19,592$17,046
6 years$19,636$18,508$17,446$16,445$15,503$13,073
7 years$16,662$15,543$14,497$13,520$12,608$10,294
8 years$14,432$13,323$12,295$11,342$10,459$8,260
9 years$12,698$11,600$10,590$9,661$8,808$6,723
10 years$11,312$10,225$9,232$8,328$7,505$5,530
11 years$10,179$9,103$8,128$7,247$6,455$4,588
12 years$9,236$8,170$7,213$6,357$5,593$3,832
13 years$8,438$7,384$6,445$5,612$4,878$3,218
14 years$7,754$6,711$5,791$4,982$4,276$2,714
15 years$7,163$6,131$5,228$4,443$3,765$2,298
16 years$6,646$5,625$4,740$3,978$3,327$1,951
17 years$6,190$5,181$4,313$3,574$2,950$1,661
18 years$5,785$4,787$3,937$3,221$2,623$1,417
19 years$5,423$4,437$3,605$2,911$2,338$1,211
20 years$5,098$4,123$3,308$2,636$2,088$1,036
21 years$4,804$3,840$3,043$2,393$1,869$888
22 years$4,537$3,585$2,804$2,175$1,675$762
23 years$4,294$3,353$2,589$1,981$1,504$654
24 years$4,072$3,141$2,395$1,807$1,352$562
25 years$3,867$2,948$2,218$1,650$1,216$484
26 years$3,679$2,770$2,057$1,509$1,096$416
27 years$3,505$2,607$1,910$1,381$988$358
28 years$3,343$2,457$1,776$1,265$891$309
29 years$3,193$2,318$1,652$1,160$805$266
30 years$3,053$2,189$1,539$1,065$727$229
31 years$2,923$2,069$1,435$978$657$198
32 years$2,801$1,958$1,339$899$595$170
33 years$2,686$1,854$1,250$827$538$147
34 years$2,579$1,757$1,168$761$487$127
35 years$2,478$1,667$1,092$700$441$109
36 years$2,382$1,582$1,022$645$400$94
37 years$2,292$1,503$956$594$362$81
38 years$2,207$1,428$895$548$329$70
39 years$2,127$1,358$839$505$298$61
40 years$2,051$1,292$786$466$270$52
41 years$1,978$1,230$737$430$245$45
42 years$1,910$1,171$692$397$222$39
43 years$1,844$1,116$649$366$202$34
44 years$1,782$1,064$609$338$183$29
45 years$1,723$1,014$572$312$166$25
46 years$1,666$968$537$288$151$22
47 years$1,613$923$505$266$137$19
48 years$1,561$882$474$246$125$16
49 years$1,512$842$446$227$113$14
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 $5,627 every year, while hoping to spend $48,748 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: 56/31/13 Blend
49$1,500,000$1,500,000$1,500,000$1,500,000
50$1,658,804$1,579,304$1,556,054$1,745,874
51$1,776,135$1,604,823$1,556,315$1,831,036
52$1,903,799$1,629,958$1,554,950$1,917,935
53$2,042,800$1,654,639$1,551,854$2,011,455
54$2,194,241$1,678,791$1,546,916$2,112,236
55$2,359,335$1,702,334$1,540,020$2,220,986
56$2,539,420$1,725,181$1,531,043$2,338,485
57$2,735,965$1,747,239$1,519,857$2,465,593
58$2,950,590$1,768,410$1,506,328$2,603,260
59$3,185,076$1,788,588$1,490,317$2,752,533
60$3,441,386$1,807,662$1,471,675$2,914,565
61$3,721,680$1,825,510$1,450,249$3,090,631
62$4,028,337$1,842,004$1,425,877$3,282,135
63$4,363,973$1,857,009$1,398,390$3,490,626
64$4,731,475$1,870,379$1,367,612$3,717,813
65$5,134,016$1,881,958$1,333,358$3,965,580
66$5,575,095$1,891,583$1,295,435$4,236,006
67$6,058,562$1,899,078$1,253,639$4,531,385
68$6,588,659$1,904,256$1,207,760$4,854,244
69$7,170,057$1,906,920$1,157,575$5,207,372
70$7,807,903$1,906,860$1,102,854$5,593,847
71$8,507,864$1,903,851$1,043,354$6,017,060
72$9,276,183$1,897,656$978,824$6,480,754
73$10,119,737$1,888,025$908,998$6,989,055
74$11,046,101$1,874,689$833,600$7,546,513
75$12,063,620$1,857,365$752,342$8,158,149
76$13,181,487$1,835,753$664,923$8,829,498
77$14,409,828$1,809,535$571,027$9,566,662
78$15,759,801$1,778,372$470,327$10,376,375
79$17,243,696$1,741,908$362,479$11,266,058
80$18,875,055$1,699,764$247,124$12,243,897
81$20,668,797$1,651,538$123,888$13,318,919
82$22,641,357$1,596,807$0$14,501,076
83$24,810,846$1,535,120$0$15,802,402
84$27,197,214$1,466,003$0$17,252,348
85$29,822,446$1,388,953$0$18,847,112
86$32,710,761$1,303,438$0$20,601,470
87$35,888,847$1,208,894$0$22,531,707
88$39,386,107$1,104,728$0$24,655,774
89$43,234,941$990,311$0$26,993,462
90$47,471,047$864,978$0$29,566,585
91$52,133,759$728,027$0$32,399,187
92$57,266,418$578,716$0$35,517,773
93$62,916,782$416,263$0$38,951,561
94$69,137,473$239,838$0$42,732,756
95$75,986,474$48,569$0$46,896,855
96$83,527,678$0$0$51,482,987
97$91,831,488$0$0$56,588,341
98$100,975,482$0$0$62,228,677
99$111,045,145$0$0$68,440,180
100$122,134,674$0$0$75,280,978