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

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$125,520$124,402$123,311$122,247$121,207$118,518
2 years$62,139$60,981$59,860$58,772$57,718$55,022
3 years$41,014$39,852$38,733$37,656$36,618$34,001
4 years$30,454$29,295$28,188$27,129$26,117$23,597
5 years$24,120$22,968$21,875$20,838$19,853$17,439
6 years$19,898$18,755$17,678$16,664$15,709$13,403
7 years$16,884$15,751$14,691$13,700$12,776$10,578
8 years$14,624$13,501$12,459$11,493$10,599$8,508
9 years$12,868$11,755$10,731$9,789$8,926$6,941
10 years$11,463$10,362$9,355$8,439$7,605$5,724
11 years$10,315$9,224$8,236$7,344$6,541$4,761
12 years$9,359$8,279$7,310$6,442$5,668$3,987
13 years$8,550$7,482$6,531$5,687$4,943$3,357
14 years$7,858$6,801$5,868$5,048$4,333$2,839
15 years$7,258$6,213$5,298$4,502$3,815$2,410
16 years$6,734$5,700$4,803$4,031$3,372$2,053
17 years$6,272$5,250$4,371$3,622$2,989$1,752
18 years$5,862$4,851$3,990$3,264$2,658$1,499
19 years$5,495$4,496$3,653$2,950$2,369$1,285
20 years$5,166$4,178$3,352$2,671$2,116$1,103
21 years$4,868$3,891$3,083$2,424$1,894$948
22 years$4,598$3,632$2,842$2,204$1,698$816
23 years$4,352$3,397$2,624$2,008$1,524$703
24 years$4,126$3,183$2,427$1,831$1,370$606
25 years$3,919$2,987$2,248$1,672$1,232$523
26 years$3,728$2,807$2,084$1,529$1,110$451
27 years$3,551$2,642$1,936$1,399$1,001$390
28 years$3,388$2,490$1,799$1,282$903$337
29 years$3,236$2,349$1,675$1,176$815$291
30 years$3,094$2,218$1,560$1,079$737$252
31 years$2,962$2,097$1,454$991$666$218
32 years$2,838$1,984$1,357$911$603$188
33 years$2,722$1,879$1,267$838$545$163
34 years$2,613$1,781$1,184$771$494$141
35 years$2,511$1,689$1,107$709$447$122
36 years$2,414$1,603$1,035$653$405$106
37 years$2,323$1,523$969$602$367$92
38 years$2,237$1,447$907$555$333$79
39 years$2,155$1,376$850$512$302$69
40 years$2,078$1,309$797$472$274$59
41 years$2,005$1,246$747$435$248$52
42 years$1,935$1,187$701$402$225$45
43 years$1,869$1,131$658$371$205$39
44 years$1,806$1,078$617$342$186$33
45 years$1,746$1,028$580$316$169$29
46 years$1,689$981$544$292$153$25
47 years$1,634$936$511$270$139$22
48 years$1,582$893$481$249$126$19
49 years$1,532$853$452$231$115$16
50 years$1,484$815$425$213$104$14

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 $6,095 every year, while hoping to spend $52,551 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: 58/36/6 Blend
49$1,520,000$1,520,000$1,520,000$1,520,000
50$1,681,327$1,600,767$1,577,207$1,776,458
51$1,796,908$1,623,291$1,574,130$1,863,550
52$1,922,518$1,645,157$1,569,188$1,951,924
53$2,059,123$1,666,278$1,562,264$2,046,927
54$2,207,788$1,686,559$1,553,234$2,149,194
55$2,369,683$1,705,902$1,541,968$2,259,429
56$2,546,098$1,724,198$1,528,331$2,378,408
57$2,738,450$1,741,334$1,512,181$2,506,983
58$2,948,301$1,757,189$1,493,368$2,646,099
59$3,177,368$1,771,631$1,471,736$2,796,795
60$3,427,543$1,784,525$1,447,122$2,960,218
61$3,700,908$1,795,721$1,419,356$3,137,631
62$3,999,753$1,805,065$1,388,258$3,330,431
63$4,326,604$1,812,389$1,353,640$3,540,155
64$4,684,238$1,817,516$1,315,307$3,768,501
65$5,075,715$1,820,259$1,273,055$4,017,341
66$5,504,403$1,820,417$1,226,668$4,288,739
67$5,974,013$1,817,779$1,175,922$4,584,973
68$6,488,631$1,812,118$1,120,583$4,908,555
69$7,052,755$1,803,196$1,060,407$5,262,255
70$7,671,342$1,790,758$995,137$5,649,129
71$8,349,850$1,774,536$924,505$6,072,548
72$9,094,291$1,754,245$848,231$6,536,231
73$9,911,286$1,729,580$766,025$7,044,276
74$10,808,130$1,700,223$677,580$7,601,206
75$11,792,858$1,665,833$582,578$8,212,010
76$12,874,321$1,626,050$480,685$8,882,188
77$14,062,269$1,580,493$371,555$9,617,807
78$15,367,442$1,528,759$254,824$10,425,557
79$16,801,674$1,470,421$130,113$11,312,817
80$18,378,000$1,405,027$0$12,287,725
81$20,110,782$1,332,100$0$13,359,444
82$22,015,842$1,251,133$0$14,546,580
83$24,110,612$1,161,592$0$15,851,736
84$26,414,296$1,062,912$0$17,286,974
85$28,948,055$954,495$0$18,865,591
86$31,735,202$835,710$0$20,602,250
87$34,801,422$705,890$0$22,513,118
88$38,175,018$564,329$0$24,616,017
89$41,887,171$410,283$0$26,930,596
90$45,972,241$242,966$0$29,478,520
91$50,468,085$61,545$0$32,283,671
92$55,416,414$0$0$35,372,379
93$60,863,192$0$0$38,827,094
94$66,859,061$0$0$42,657,076
95$73,459,826$0$0$46,873,609
96$80,726,975$0$0$51,515,992
97$88,728,261$0$0$56,627,528
98$97,538,343$0$0$62,255,934
99$107,239,488$0$0$68,453,787
100$117,922,345$0$0$75,279,025