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%18.5%
1 years$125,520$124,402$123,311$122,247$121,207$117,046
2 years$62,139$60,981$59,860$58,772$57,718$53,568
3 years$41,014$39,852$38,733$37,656$36,618$32,610
4 years$30,454$29,295$28,188$27,129$26,117$22,281
5 years$24,120$22,968$21,875$20,838$19,853$16,200
6 years$19,898$18,755$17,678$16,664$15,709$12,241
7 years$16,884$15,751$14,691$13,700$12,776$9,492
8 years$14,624$13,501$12,459$11,493$10,599$7,497
9 years$12,868$11,755$10,731$9,789$8,926$6,002
10 years$11,463$10,362$9,355$8,439$7,605$4,855
11 years$10,315$9,224$8,236$7,344$6,541$3,959
12 years$9,359$8,279$7,310$6,442$5,668$3,248
13 years$8,550$7,482$6,531$5,687$4,943$2,678
14 years$7,858$6,801$5,868$5,048$4,333$2,217
15 years$7,258$6,213$5,298$4,502$3,815$1,842
16 years$6,734$5,700$4,803$4,031$3,372$1,534
17 years$6,272$5,250$4,371$3,622$2,989$1,280
18 years$5,862$4,851$3,990$3,264$2,658$1,070
19 years$5,495$4,496$3,653$2,950$2,369$896
20 years$5,166$4,178$3,352$2,671$2,116$752
21 years$4,868$3,891$3,083$2,424$1,894$631
22 years$4,598$3,632$2,842$2,204$1,698$530
23 years$4,352$3,397$2,624$2,008$1,524$446
24 years$4,126$3,183$2,427$1,831$1,370$375
25 years$3,919$2,987$2,248$1,672$1,232$315
26 years$3,728$2,807$2,084$1,529$1,110$266
27 years$3,551$2,642$1,936$1,399$1,001$224
28 years$3,388$2,490$1,799$1,282$903$188
29 years$3,236$2,349$1,675$1,176$815$159
30 years$3,094$2,218$1,560$1,079$737$134
31 years$2,962$2,097$1,454$991$666$113
32 years$2,838$1,984$1,357$911$603$95
33 years$2,722$1,879$1,267$838$545$80
34 years$2,613$1,781$1,184$771$494$68
35 years$2,511$1,689$1,107$709$447$57
36 years$2,414$1,603$1,035$653$405$48
37 years$2,323$1,523$969$602$367$41
38 years$2,237$1,447$907$555$333$34
39 years$2,155$1,376$850$512$302$29
40 years$2,078$1,309$797$472$274$24
41 years$2,005$1,246$747$435$248$21
42 years$1,935$1,187$701$402$225$17
43 years$1,869$1,131$658$371$205$15
44 years$1,806$1,078$617$342$186$12
45 years$1,746$1,028$580$316$169$10
46 years$1,689$981$544$292$153$9
47 years$1,634$936$511$270$139$7
48 years$1,582$893$481$249$126$6
49 years$1,532$853$452$231$115$5
50 years$1,484$815$425$213$104$4

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 $4,031 every year, while hoping to spend $45,612 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: 43/50/7 Blend
49$1,520,000$1,520,000$1,520,000$1,520,000
50$1,679,198$1,598,638$1,575,078$1,747,845
51$1,801,945$1,628,440$1,579,312$1,825,674
52$1,935,684$1,658,174$1,582,160$1,904,957
53$2,081,488$1,687,789$1,583,526$1,989,790
54$2,240,536$1,717,227$1,583,311$2,080,697
55$2,414,130$1,746,431$1,581,411$2,178,254
56$2,603,700$1,775,334$1,577,717$2,283,099
57$2,810,821$1,803,869$1,572,114$2,395,933
58$3,037,227$1,831,961$1,564,482$2,517,530
59$3,284,827$1,859,530$1,554,695$2,648,744
60$3,555,723$1,886,490$1,542,620$2,790,516
61$3,852,229$1,912,751$1,528,121$2,943,886
62$4,176,894$1,938,214$1,511,051$3,110,000
63$4,532,525$1,962,774$1,491,259$3,290,121
64$4,922,213$1,986,319$1,468,586$3,485,644
65$5,349,360$2,008,731$1,442,865$3,698,108
66$5,817,717$2,029,881$1,413,923$3,929,210
67$6,331,412$2,049,633$1,381,577$4,180,821
68$6,894,993$2,067,841$1,345,637$4,455,008
69$7,513,469$2,084,352$1,305,902$4,754,047
70$8,192,358$2,099,001$1,262,165$5,080,453
71$8,937,737$2,111,611$1,214,207$5,436,999
72$9,756,303$2,121,997$1,161,800$5,826,741
73$10,655,431$2,129,959$1,104,705$6,253,055
74$11,643,245$2,135,288$1,042,672$6,719,661
75$12,728,697$2,137,757$975,442$7,230,665
76$13,921,646$2,137,129$902,742$7,790,595
77$15,232,957$2,133,152$824,287$8,404,445
78$16,674,597$2,125,555$739,780$9,077,725
79$18,259,754$2,114,055$648,909$9,816,511
80$20,002,953$2,098,348$551,352$10,627,505
81$21,920,200$2,078,113$446,769$11,518,098
82$24,029,131$2,053,011$334,806$12,496,444
83$26,349,174$2,022,680$215,093$13,571,533
84$28,901,737$1,986,739$87,247$14,753,282
85$31,710,408$1,944,783$0$16,052,627
86$34,801,175$1,896,382$0$17,485,301
87$38,202,674$1,841,084$0$19,068,124
88$41,946,456$1,778,407$0$20,809,271
89$46,067,289$1,707,843$0$22,724,950
90$50,603,478$1,628,853$0$24,833,031
91$55,597,235$1,540,869$0$27,153,216
92$61,095,069$1,443,288$0$29,707,230
93$67,148,231$1,335,473$0$32,519,024
94$73,813,190$1,216,752$0$35,615,003
95$81,152,175$1,086,412$0$39,024,281
96$89,233,753$943,702$0$42,778,956
97$98,133,479$787,826$0$46,914,414
98$107,934,610$617,946$0$51,469,665
99$118,728,890$433,175$0$56,487,719
100$130,617,412$232,576$0$62,015,989