Can I retire at age 50 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$125,520$124,402$123,311$122,247$121,207$118,037
2 years$62,139$60,981$59,860$58,772$57,718$54,546
3 years$41,014$39,852$38,733$37,656$36,618$33,544
4 years$30,454$29,295$28,188$27,129$26,117$23,163
5 years$24,120$22,968$21,875$20,838$19,853$17,029
6 years$19,898$18,755$17,678$16,664$15,709$13,016
7 years$16,884$15,751$14,691$13,700$12,776$10,215
8 years$14,624$13,501$12,459$11,493$10,599$8,168
9 years$12,868$11,755$10,731$9,789$8,926$6,624
10 years$11,463$10,362$9,355$8,439$7,605$5,429
11 years$10,315$9,224$8,236$7,344$6,541$4,487
12 years$9,359$8,279$7,310$6,442$5,668$3,733
13 years$8,550$7,482$6,531$5,687$4,943$3,122
14 years$7,858$6,801$5,868$5,048$4,333$2,622
15 years$7,258$6,213$5,298$4,502$3,815$2,211
16 years$6,734$5,700$4,803$4,031$3,372$1,869
17 years$6,272$5,250$4,371$3,622$2,989$1,584
18 years$5,862$4,851$3,990$3,264$2,658$1,346
19 years$5,495$4,496$3,653$2,950$2,369$1,145
20 years$5,166$4,178$3,352$2,671$2,116$975
21 years$4,868$3,891$3,083$2,424$1,894$832
22 years$4,598$3,632$2,842$2,204$1,698$710
23 years$4,352$3,397$2,624$2,008$1,524$607
24 years$4,126$3,183$2,427$1,831$1,370$519
25 years$3,919$2,987$2,248$1,672$1,232$445
26 years$3,728$2,807$2,084$1,529$1,110$381
27 years$3,551$2,642$1,936$1,399$1,001$326
28 years$3,388$2,490$1,799$1,282$903$280
29 years$3,236$2,349$1,675$1,176$815$240
30 years$3,094$2,218$1,560$1,079$737$206
31 years$2,962$2,097$1,454$991$666$176
32 years$2,838$1,984$1,357$911$603$151
33 years$2,722$1,879$1,267$838$545$130
34 years$2,613$1,781$1,184$771$494$111
35 years$2,511$1,689$1,107$709$447$96
36 years$2,414$1,603$1,035$653$405$82
37 years$2,323$1,523$969$602$367$70
38 years$2,237$1,447$907$555$333$61
39 years$2,155$1,376$850$512$302$52
40 years$2,078$1,309$797$472$274$45
41 years$2,005$1,246$747$435$248$38
42 years$1,935$1,187$701$402$225$33
43 years$1,869$1,131$658$371$205$28
44 years$1,806$1,078$617$342$186$24
45 years$1,746$1,028$580$316$169$21
46 years$1,689$981$544$292$153$18
47 years$1,634$936$511$270$139$15
48 years$1,582$893$481$249$126$13
49 years$1,532$853$452$231$115$11
50 years$1,484$815$425$213$104$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,520,000, adding $2,482 every year, while hoping to spend $49,282 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: 54/28/18 Blend
49$1,520,000$1,520,000$1,520,000$1,520,000
50$1,677,600$1,597,040$1,573,480$1,759,912
51$1,796,280$1,622,859$1,573,756$1,842,286
52$1,925,413$1,648,292$1,572,390$1,926,470
53$2,066,014$1,673,267$1,569,273$2,017,022
54$2,219,199$1,697,709$1,564,296$2,114,564
55$2,386,196$1,721,535$1,557,338$2,219,780
56$2,568,356$1,744,659$1,548,278$2,333,427
57$2,767,169$1,766,988$1,536,985$2,456,338
58$2,984,270$1,788,420$1,523,324$2,589,434
59$3,221,464$1,808,851$1,507,154$2,733,729
60$3,480,735$1,828,166$1,488,325$2,890,345
61$3,764,268$1,846,244$1,466,682$3,060,517
62$4,074,469$1,862,956$1,442,061$3,245,608
63$4,413,987$1,878,163$1,414,293$3,447,123
64$4,785,739$1,891,719$1,383,197$3,666,722
65$5,192,938$1,903,467$1,348,588$3,906,235
66$5,639,122$1,913,241$1,310,270$4,167,683
67$6,128,186$1,920,864$1,268,038$4,453,295
68$6,664,422$1,926,147$1,221,678$4,765,529
69$7,252,556$1,928,891$1,170,967$5,107,097
70$7,897,793$1,928,882$1,115,670$5,480,991
71$8,605,866$1,925,896$1,055,544$5,890,512
72$9,383,092$1,919,692$990,332$6,339,299
73$10,236,426$1,910,016$919,767$6,831,370
74$11,173,533$1,896,598$843,570$7,371,152
75$12,202,854$1,879,152$761,450$7,963,531
76$13,333,688$1,857,374$673,103$8,613,896
77$14,576,282$1,830,942$578,209$9,328,191
78$15,941,920$1,799,516$476,436$10,112,968
79$17,443,038$1,762,734$367,438$10,975,458
80$19,093,333$1,720,214$250,853$11,923,633
81$20,907,898$1,671,549$126,302$12,966,285
82$22,903,361$1,616,313$0$14,113,108
83$25,098,041$1,554,049$0$15,376,067
84$27,512,122$1,484,279$0$16,791,650
85$30,167,844$1,406,493$0$18,348,658
86$33,089,707$1,320,155$0$20,061,514
87$36,304,710$1,224,695$0$21,946,116
88$39,842,599$1,119,513$0$24,019,988
89$43,736,148$1,003,974$0$26,302,447
90$48,021,473$877,406$0$28,814,785
91$52,738,364$739,100$0$31,580,473
92$57,930,667$588,305$0$34,625,383
93$63,646,694$424,231$0$37,978,029
94$69,939,679$246,041$0$41,669,845
95$76,868,281$52,852$0$45,735,477
96$84,497,135$0$0$50,213,114
97$92,897,464$0$0$55,192,997
98$102,147,747$0$0$60,694,870
99$112,334,463$0$0$66,753,908
100$123,552,905$0$0$73,426,815