Can I retire at age 50 with 1,530,000?

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 $1,530,000?

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$126,346$125,221$124,123$123,051$122,004$120,132
2 years$62,548$61,383$60,254$59,159$58,097$56,215
3 years$41,284$40,114$38,988$37,904$36,859$35,026
4 years$30,655$29,488$28,373$27,308$26,288$24,518
5 years$24,278$23,119$22,019$20,975$19,984$18,282
6 years$20,029$18,878$17,795$16,774$15,813$14,181
7 years$16,995$15,854$14,787$13,791$12,860$11,299
8 years$14,721$13,590$12,541$11,569$10,669$9,179
9 years$12,952$11,832$10,801$9,854$8,984$7,564
10 years$11,539$10,430$9,417$8,494$7,655$6,304
11 years$10,383$9,285$8,291$7,392$6,584$5,300
12 years$9,420$8,334$7,358$6,484$5,705$4,487
13 years$8,606$7,531$6,574$5,725$4,975$3,821
14 years$7,910$6,846$5,906$5,082$4,361$3,269
15 years$7,306$6,254$5,333$4,532$3,840$2,808
16 years$6,778$5,738$4,835$4,058$3,394$2,420
17 years$6,313$5,284$4,399$3,646$3,009$2,091
18 years$5,901$4,883$4,016$3,286$2,676$1,812
19 years$5,532$4,525$3,677$2,969$2,385$1,572
20 years$5,200$4,205$3,374$2,689$2,130$1,367
21 years$4,900$3,917$3,104$2,440$1,906$1,191
22 years$4,628$3,656$2,860$2,219$1,709$1,038
23 years$4,380$3,420$2,641$2,021$1,534$906
24 years$4,153$3,204$2,443$1,843$1,379$792
25 years$3,945$3,007$2,262$1,683$1,241$692
26 years$3,752$2,826$2,098$1,539$1,117$606
27 years$3,575$2,660$1,948$1,409$1,007$530
28 years$3,410$2,506$1,811$1,291$909$465
29 years$3,257$2,364$1,686$1,184$821$407
30 years$3,114$2,233$1,570$1,086$742$357
31 years$2,981$2,111$1,464$998$671$313
32 years$2,857$1,997$1,366$917$607$275
33 years$2,740$1,891$1,275$843$549$241
34 years$2,630$1,793$1,191$776$497$212
35 years$2,527$1,700$1,114$714$450$186
36 years$2,430$1,614$1,042$658$408$163
37 years$2,338$1,533$975$606$370$144
38 years$2,252$1,457$913$559$335$126
39 years$2,170$1,385$856$515$304$111
40 years$2,092$1,318$802$475$276$97
41 years$2,018$1,254$752$438$250$86
42 years$1,948$1,195$705$404$227$75
43 years$1,881$1,138$662$373$206$66
44 years$1,818$1,085$621$345$187$58
45 years$1,757$1,035$583$318$170$51
46 years$1,700$987$548$294$154$45
47 years$1,645$942$515$272$140$40
48 years$1,592$899$484$251$127$35
49 years$1,542$859$455$232$115$31
50 years$1,494$820$428$214$105$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,530,000, adding $2,402 every year, while hoping to spend $22,137 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: 28/45/27 Blend
49$1,530,000$1,530,000$1,530,000$1,530,000
50$1,688,538$1,607,448$1,583,733$1,721,596
51$1,837,215$1,662,659$1,613,234$1,803,319
52$2,000,315$1,719,834$1,642,982$1,888,980
53$2,179,287$1,779,045$1,672,961$1,980,565
54$2,375,724$1,840,368$1,703,155$2,078,598
55$2,591,383$1,903,881$1,733,546$2,183,652
56$2,828,199$1,969,667$1,764,115$2,296,359
57$3,088,305$2,037,810$1,794,842$2,417,410
58$3,374,047$2,108,398$1,825,705$2,547,565
59$3,688,014$2,181,523$1,856,680$2,687,659
60$4,033,054$2,257,280$1,887,741$2,838,611
61$4,412,307$2,335,769$1,918,863$3,001,426
62$4,829,233$2,417,092$1,950,015$3,177,215
63$5,287,641$2,501,356$1,981,167$3,367,193
64$5,791,731$2,588,673$2,012,286$3,572,701
65$6,346,127$2,679,157$2,043,337$3,795,209
66$6,955,927$2,772,930$2,074,284$4,036,338
67$7,626,744$2,870,117$2,105,085$4,297,868
68$8,364,767$2,970,847$2,135,700$4,581,758
69$9,176,810$3,075,256$2,166,083$4,890,161
70$10,070,386$3,183,484$2,196,188$5,225,450
71$11,053,768$3,295,678$2,225,963$5,590,232
72$12,136,076$3,411,990$2,255,357$5,987,379
73$13,327,356$3,532,578$2,284,312$6,420,048
74$14,638,680$3,657,607$2,312,769$6,891,718
75$16,082,243$3,787,249$2,340,665$7,406,216
76$17,671,489$3,921,681$2,367,934$7,967,755
77$19,421,227$4,061,089$2,394,506$8,580,973
78$21,347,776$4,205,666$2,420,306$9,250,975
79$23,469,119$4,355,614$2,445,256$9,983,384
80$25,805,071$4,511,140$2,469,274$10,784,389
81$28,377,466$4,672,464$2,492,272$11,660,807
82$31,210,364$4,839,812$2,514,160$12,620,142
83$34,330,278$5,013,419$2,534,841$13,670,660
84$37,766,421$5,193,531$2,554,213$14,821,464
85$41,550,986$5,380,404$2,572,169$16,082,576
86$45,719,447$5,574,304$2,588,597$17,465,038
87$50,310,894$5,775,509$2,603,378$18,981,009
88$55,368,402$5,984,306$2,616,389$20,643,883
89$60,939,439$6,200,997$2,627,498$22,468,410
90$67,076,311$6,425,895$2,636,568$24,470,841
91$73,836,657$6,659,326$2,643,455$26,669,075
92$81,283,993$6,901,630$2,648,008$29,082,828
93$89,488,311$7,153,160$2,650,067$31,733,819
94$98,526,740$7,414,286$2,649,465$34,645,977
95$108,484,273$7,685,392$2,646,028$37,845,657
96$119,454,571$7,966,878$2,639,572$41,361,900
97$131,540,843$8,259,161$2,629,904$45,226,693
98$144,856,825$8,562,676$2,616,822$49,475,280
99$159,527,850$8,877,876$2,600,114$54,146,490
100$175,692,032$9,205,233$2,579,559$59,283,099