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

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$124,694$123,584$122,500$121,442$120,410$118,561
2 years$61,730$60,580$59,466$58,386$57,338$55,480
3 years$40,744$39,590$38,478$37,408$36,377$34,568
4 years$30,254$29,103$28,002$26,951$25,945$24,198
5 years$23,961$22,817$21,731$20,701$19,723$18,043
6 years$19,767$18,632$17,562$16,554$15,606$13,996
7 years$16,773$15,647$14,594$13,610$12,692$11,152
8 years$14,528$13,412$12,377$11,417$10,529$9,059
9 years$12,783$11,678$10,660$9,725$8,867$7,465
10 years$11,388$10,293$9,294$8,383$7,555$6,221
11 years$10,247$9,164$8,182$7,296$6,498$5,230
12 years$9,297$8,225$7,261$6,399$5,631$4,428
13 years$8,494$7,433$6,488$5,650$4,910$3,771
14 years$7,806$6,756$5,829$5,015$4,304$3,226
15 years$7,211$6,172$5,263$4,473$3,790$2,771
16 years$6,690$5,663$4,772$4,005$3,349$2,388
17 years$6,231$5,215$4,342$3,598$2,970$2,064
18 years$5,823$4,819$3,964$3,243$2,641$1,788
19 years$5,459$4,466$3,629$2,930$2,354$1,552
20 years$5,132$4,150$3,330$2,654$2,102$1,349
21 years$4,836$3,866$3,063$2,408$1,881$1,175
22 years$4,568$3,608$2,823$2,190$1,686$1,024
23 years$4,323$3,375$2,607$1,994$1,514$894
24 years$4,099$3,162$2,411$1,819$1,361$781
25 years$3,893$2,967$2,233$1,661$1,224$683
26 years$3,703$2,789$2,071$1,519$1,103$598
27 years$3,528$2,625$1,923$1,390$994$523
28 years$3,365$2,473$1,788$1,274$897$459
29 years$3,214$2,333$1,664$1,168$810$402
30 years$3,074$2,204$1,549$1,072$732$353
31 years$2,942$2,083$1,445$985$662$309
32 years$2,819$1,971$1,348$905$599$271
33 years$2,704$1,867$1,258$832$542$238
34 years$2,596$1,769$1,176$766$491$209
35 years$2,494$1,678$1,099$705$444$184
36 years$2,398$1,593$1,028$649$403$161
37 years$2,308$1,513$963$598$365$142
38 years$2,222$1,438$901$551$331$124
39 years$2,141$1,367$844$508$300$109
40 years$2,064$1,301$792$469$272$96
41 years$1,992$1,238$742$433$247$84
42 years$1,922$1,179$696$399$224$74
43 years$1,857$1,123$653$368$203$65
44 years$1,794$1,071$613$340$184$57
45 years$1,734$1,021$576$314$167$50
46 years$1,678$974$541$290$152$44
47 years$1,623$930$508$268$138$39
48 years$1,571$887$477$248$125$34
49 years$1,522$847$449$229$114$30
50 years$1,474$809$422$212$103$27

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 $4,816 every year, while hoping to spend $20,710 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: 64/24/12 Blend
49$1,510,000$1,510,000$1,510,000$1,510,000
50$1,668,988$1,588,958$1,565,553$1,770,897
51$1,817,189$1,644,781$1,595,963$1,895,435
52$1,979,813$1,702,646$1,626,699$2,028,566
53$2,158,309$1,762,631$1,657,748$2,173,466
54$2,354,272$1,824,816$1,689,099$2,331,279
55$2,569,462$1,889,286$1,720,738$2,503,265
56$2,805,816$1,956,129$1,752,651$2,690,811
57$3,065,467$2,025,438$1,784,823$2,895,442
58$3,350,767$2,097,306$1,817,236$3,118,839
59$3,664,304$2,171,834$1,849,873$3,362,852
60$4,008,933$2,249,123$1,882,714$3,629,515
61$4,387,797$2,329,283$1,915,737$3,921,071
62$4,804,358$2,412,423$1,948,920$4,239,987
63$5,262,432$2,498,662$1,982,238$4,588,980
64$5,766,223$2,588,118$2,015,666$4,971,042
65$6,320,361$2,680,920$2,049,174$5,389,469
66$6,929,950$2,777,197$2,082,734$5,847,887
67$7,600,612$2,877,087$2,116,312$6,350,294
68$8,338,541$2,980,731$2,149,875$6,901,089
69$9,150,563$3,088,277$2,183,387$7,505,119
70$10,044,198$3,199,880$2,216,808$8,167,722
71$11,027,733$3,315,701$2,250,098$8,894,779
72$12,110,297$3,435,906$2,283,212$9,692,764
73$13,301,952$3,560,670$2,316,104$10,568,812
74$14,613,782$3,690,174$2,348,724$11,530,781
75$16,058,003$3,824,608$2,381,021$12,587,326
76$17,648,073$3,964,167$2,412,939$13,747,983
77$19,398,823$4,109,058$2,444,419$15,023,255
78$21,326,594$4,259,493$2,475,399$16,424,716
79$23,449,395$4,415,696$2,505,813$17,965,113
80$25,787,067$4,577,900$2,535,592$19,658,490
81$28,361,476$4,746,345$2,564,662$21,520,320
82$31,196,714$4,921,283$2,592,946$23,567,650
83$34,319,332$5,102,979$2,620,362$25,819,260
84$37,758,584$5,291,704$2,646,824$28,295,843
85$41,546,707$5,487,746$2,672,241$31,020,195
86$45,719,227$5,691,402$2,696,517$34,017,435
87$50,315,289$5,902,981$2,719,551$37,315,236
88$55,378,029$6,122,808$2,741,237$40,944,090
89$60,954,982$6,351,219$2,761,462$44,937,594
90$67,098,529$6,588,567$2,780,109$49,332,765
91$73,866,391$6,835,219$2,797,055$54,170,389
92$81,322,174$7,091,557$2,812,168$59,495,409
93$89,535,972$7,357,979$2,825,312$65,357,342
94$98,585,024$7,634,903$2,836,343$71,810,750
95$108,554,446$7,922,762$2,845,109$78,915,756
96$119,538,031$8,222,009$2,851,452$86,738,605
97$131,639,140$8,533,117$2,855,205$95,352,292
98$144,971,671$8,856,579$2,856,193$104,837,251
99$159,661,138$9,192,908$2,854,233$115,282,111
100$175,845,855$9,542,642$2,849,131$126,784,534