Can I retire at age 50 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$124,694$123,584$122,500$121,442$120,410$115,724
2 years$61,730$60,580$59,466$58,386$57,338$52,673
3 years$40,744$39,590$38,478$37,408$36,377$31,881
4 years$30,254$29,103$28,002$26,951$25,945$21,651
5 years$23,961$22,817$21,731$20,701$19,723$15,643
6 years$19,767$18,632$17,562$16,554$15,606$11,742
7 years$16,773$15,647$14,594$13,610$12,692$9,043
8 years$14,528$13,412$12,377$11,417$10,529$7,092
9 years$12,783$11,678$10,660$9,725$8,867$5,636
10 years$11,388$10,293$9,294$8,383$7,555$4,525
11 years$10,247$9,164$8,182$7,296$6,498$3,660
12 years$9,297$8,225$7,261$6,399$5,631$2,979
13 years$8,494$7,433$6,488$5,650$4,910$2,436
14 years$7,806$6,756$5,829$5,015$4,304$2,000
15 years$7,211$6,172$5,263$4,473$3,790$1,647
16 years$6,690$5,663$4,772$4,005$3,349$1,360
17 years$6,231$5,215$4,342$3,598$2,970$1,125
18 years$5,823$4,819$3,964$3,243$2,641$932
19 years$5,459$4,466$3,629$2,930$2,354$774
20 years$5,132$4,150$3,330$2,654$2,102$643
21 years$4,836$3,866$3,063$2,408$1,881$535
22 years$4,568$3,608$2,823$2,190$1,686$445
23 years$4,323$3,375$2,607$1,994$1,514$370
24 years$4,099$3,162$2,411$1,819$1,361$309
25 years$3,893$2,967$2,233$1,661$1,224$257
26 years$3,703$2,789$2,071$1,519$1,103$215
27 years$3,528$2,625$1,923$1,390$994$179
28 years$3,365$2,473$1,788$1,274$897$149
29 years$3,214$2,333$1,664$1,168$810$125
30 years$3,074$2,204$1,549$1,072$732$104
31 years$2,942$2,083$1,445$985$662$87
32 years$2,819$1,971$1,348$905$599$72
33 years$2,704$1,867$1,258$832$542$61
34 years$2,596$1,769$1,176$766$491$51
35 years$2,494$1,678$1,099$705$444$42
36 years$2,398$1,593$1,028$649$403$35
37 years$2,308$1,513$963$598$365$29
38 years$2,222$1,438$901$551$331$25
39 years$2,141$1,367$844$508$300$21
40 years$2,064$1,301$792$469$272$17
41 years$1,992$1,238$742$433$247$14
42 years$1,922$1,179$696$399$224$12
43 years$1,857$1,123$653$368$203$10
44 years$1,794$1,071$613$340$184$8
45 years$1,734$1,021$576$314$167$7
46 years$1,678$974$541$290$152$6
47 years$1,623$930$508$268$138$5
48 years$1,571$887$477$248$125$4
49 years$1,522$847$449$229$114$3
50 years$1,474$809$422$212$103$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,510,000, adding $3,776 every year, while hoping to spend $28,252 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: 62/31/7 Blend
49$1,510,000$1,510,000$1,510,000$1,510,000
50$1,667,915$1,587,885$1,564,480$1,768,818
51$1,807,982$1,635,631$1,586,830$1,884,404
52$1,961,390$1,684,771$1,608,982$2,006,877
53$2,129,468$1,735,341$1,630,900$2,139,824
54$2,313,683$1,787,381$1,652,544$2,284,257
55$2,515,648$1,840,933$1,673,874$2,441,290
56$2,737,142$1,896,037$1,694,846$2,612,146
57$2,980,123$1,952,734$1,715,416$2,798,175
58$3,246,747$2,011,070$1,735,534$3,000,861
59$3,539,390$2,071,088$1,755,149$3,221,838
60$3,860,670$2,132,832$1,774,208$3,462,905
61$4,213,468$2,196,351$1,792,654$3,726,042
62$4,600,960$2,261,691$1,810,427$4,013,430
63$5,026,645$2,328,900$1,827,463$4,327,470
64$5,494,375$2,398,029$1,843,696$4,670,808
65$6,008,397$2,469,129$1,859,055$5,046,355
66$6,573,388$2,542,250$1,873,468$5,457,318
67$7,194,500$2,617,447$1,886,855$5,907,230
68$7,877,410$2,694,773$1,899,136$6,399,981
69$8,628,373$2,774,283$1,910,224$6,939,857
70$9,454,279$2,856,035$1,920,028$7,531,577
71$10,362,720$2,940,086$1,928,454$8,180,340
72$11,362,062$3,026,495$1,935,402$8,891,875
73$12,461,521$3,115,321$1,940,766$9,672,489
74$13,671,250$3,206,627$1,944,437$10,529,134
75$15,002,441$3,300,474$1,946,298$11,469,465
76$16,467,419$3,396,927$1,946,228$12,501,918
77$18,079,769$3,496,049$1,944,100$13,635,786
78$19,854,458$3,597,908$1,939,780$14,881,306
79$21,807,977$3,702,570$1,933,127$16,249,760
80$23,958,499$3,810,105$1,923,995$17,753,573
81$26,326,047$3,920,581$1,912,230$19,406,439
82$28,932,683$4,034,069$1,897,669$21,223,443
83$31,802,720$4,150,642$1,880,145$23,221,207
84$34,962,947$4,270,372$1,859,478$25,418,047
85$38,442,881$4,393,334$1,835,485$27,834,140
86$42,275,051$4,519,603$1,807,969$30,491,722
87$46,495,298$4,649,255$1,776,728$33,415,292
88$51,143,118$4,782,369$1,741,549$36,631,844
89$56,262,034$4,919,022$1,702,208$40,171,125
90$61,900,001$5,059,294$1,658,472$44,065,910
91$68,109,867$5,203,266$1,610,097$48,352,314
92$74,949,866$5,351,018$1,556,827$53,070,132
93$82,484,168$5,502,633$1,498,396$58,263,218
94$90,783,484$5,658,194$1,434,524$63,979,891
95$99,925,739$5,817,784$1,364,919$70,273,396
96$109,996,796$5,981,488$1,289,276$77,202,407
97$121,091,279$6,149,390$1,207,276$84,831,578
98$133,313,455$6,321,576$1,118,586$93,232,153
99$146,778,225$6,498,131$1,022,856$102,482,640
100$161,612,206$6,679,142$919,724$112,669,550