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%14.1%
1 years$125,520$124,402$123,311$122,247$121,207$119,150
2 years$62,139$60,981$59,860$58,772$57,718$55,652
3 years$41,014$39,852$38,733$37,656$36,618$34,608
4 years$30,454$29,295$28,188$27,129$26,117$24,177
5 years$24,120$22,968$21,875$20,838$19,853$17,990
6 years$19,898$18,755$17,678$16,664$15,709$13,924
7 years$16,884$15,751$14,691$13,700$12,776$11,070
8 years$14,624$13,501$12,459$11,493$10,599$8,971
9 years$12,868$11,755$10,731$9,789$8,926$7,376
10 years$11,463$10,362$9,355$8,439$7,605$6,132
11 years$10,315$9,224$8,236$7,344$6,541$5,142
12 years$9,359$8,279$7,310$6,442$5,668$4,342
13 years$8,550$7,482$6,531$5,687$4,943$3,688
14 years$7,858$6,801$5,868$5,048$4,333$3,147
15 years$7,258$6,213$5,298$4,502$3,815$2,696
16 years$6,734$5,700$4,803$4,031$3,372$2,317
17 years$6,272$5,250$4,371$3,622$2,989$1,996
18 years$5,862$4,851$3,990$3,264$2,658$1,724
19 years$5,495$4,496$3,653$2,950$2,369$1,492
20 years$5,166$4,178$3,352$2,671$2,116$1,294
21 years$4,868$3,891$3,083$2,424$1,894$1,123
22 years$4,598$3,632$2,842$2,204$1,698$976
23 years$4,352$3,397$2,624$2,008$1,524$850
24 years$4,126$3,183$2,427$1,831$1,370$740
25 years$3,919$2,987$2,248$1,672$1,232$645
26 years$3,728$2,807$2,084$1,529$1,110$563
27 years$3,551$2,642$1,936$1,399$1,001$491
28 years$3,388$2,490$1,799$1,282$903$429
29 years$3,236$2,349$1,675$1,176$815$375
30 years$3,094$2,218$1,560$1,079$737$327
31 years$2,962$2,097$1,454$991$666$286
32 years$2,838$1,984$1,357$911$603$250
33 years$2,722$1,879$1,267$838$545$219
34 years$2,613$1,781$1,184$771$494$192
35 years$2,511$1,689$1,107$709$447$168
36 years$2,414$1,603$1,035$653$405$147
37 years$2,323$1,523$969$602$367$129
38 years$2,237$1,447$907$555$333$113
39 years$2,155$1,376$850$512$302$99
40 years$2,078$1,309$797$472$274$86
41 years$2,005$1,246$747$435$248$76
42 years$1,935$1,187$701$402$225$66
43 years$1,869$1,131$658$371$205$58
44 years$1,806$1,078$617$342$186$51
45 years$1,746$1,028$580$316$169$45
46 years$1,689$981$544$292$153$39
47 years$1,634$936$511$270$139$34
48 years$1,582$893$481$249$126$30
49 years$1,532$853$452$231$115$26
50 years$1,484$815$425$213$104$23

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 $2,641 every year, while hoping to spend $25,693 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: 49/36/15 Blend
49$1,520,000$1,520,000$1,520,000$1,520,000
50$1,677,764$1,597,204$1,573,644$1,752,884
51$1,821,559$1,648,130$1,599,024$1,855,880
52$1,979,160$1,700,690$1,624,393$1,964,825
53$2,151,948$1,754,937$1,649,724$2,082,605
54$2,341,443$1,810,927$1,674,987$2,210,055
55$2,549,323$1,868,714$1,700,151$2,348,099
56$2,777,431$1,928,359$1,725,183$2,497,748
57$3,027,801$1,989,920$1,750,049$2,660,119
58$3,302,671$2,053,460$1,774,710$2,836,437
59$3,604,508$2,119,045$1,799,127$3,028,053
60$3,936,029$2,186,739$1,823,259$3,236,453
61$4,300,226$2,256,612$1,847,061$3,463,272
62$4,700,398$2,328,734$1,870,486$3,710,309
63$5,140,175$2,403,179$1,893,484$3,979,547
64$5,623,561$2,480,022$1,916,004$4,273,167
65$6,154,963$2,559,343$1,937,989$4,593,570
66$6,739,239$2,641,220$1,959,381$4,943,400
67$7,381,740$2,725,738$1,980,119$5,325,570
68$8,088,362$2,812,984$2,000,137$5,743,285
69$8,865,600$2,903,045$2,019,367$6,200,075
70$9,720,611$2,996,014$2,037,736$6,699,830
71$10,661,281$3,091,987$2,055,168$7,246,832
72$11,696,299$3,191,061$2,071,583$7,845,796
73$12,835,236$3,293,338$2,086,896$8,501,917
74$14,088,642$3,398,923$2,101,018$9,220,917
75$15,468,137$3,507,924$2,113,856$10,009,098
76$16,986,529$3,620,454$2,125,312$10,873,403
77$18,657,926$3,736,628$2,135,281$11,821,477
78$20,497,878$3,856,565$2,143,656$12,861,746
79$22,523,515$3,980,390$2,150,322$14,003,488
80$24,753,714$4,108,231$2,155,159$15,256,928
81$27,209,278$4,240,219$2,158,041$16,633,328
82$29,913,125$4,376,490$2,158,837$18,145,095
83$32,890,513$4,517,187$2,157,406$19,805,899
84$36,169,271$4,662,455$2,153,605$21,630,801
85$39,780,066$4,812,445$2,147,280$23,636,394
86$43,756,690$4,967,312$2,138,272$25,840,959
87$48,136,380$5,127,218$2,126,412$28,264,638
88$52,960,169$5,292,330$2,111,524$30,929,623
89$58,273,271$5,462,819$2,093,426$33,860,367
90$64,125,511$5,638,864$2,071,922$37,083,811
91$70,571,794$5,820,649$2,046,812$40,629,640
92$77,672,620$6,008,363$2,017,883$44,530,564
93$85,494,658$6,202,205$1,984,913$48,822,623
94$94,111,377$6,402,377$1,947,672$53,545,529
95$103,603,734$6,609,089$1,905,915$58,743,039
96$114,060,940$6,822,560$1,859,389$64,463,368
97$125,581,305$7,043,014$1,807,827$70,759,646
98$138,273,161$7,270,684$1,750,952$77,690,415
99$152,255,886$7,505,811$1,688,471$85,320,183
100$167,661,034$7,748,643$1,620,083$93,720,033