Can I retire at age 50 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$127,172$126,039$124,934$123,855$122,802$119,446
2 years$62,956$61,784$60,647$59,546$58,477$55,120
3 years$41,554$40,376$39,243$38,152$37,100$33,848
4 years$30,855$29,681$28,559$27,486$26,460$23,337
5 years$24,437$23,270$22,163$21,112$20,115$17,130
6 years$20,160$19,002$17,911$16,883$15,916$13,072
7 years$17,106$15,958$14,884$13,881$12,944$10,241
8 years$14,817$13,679$12,623$11,644$10,738$8,175
9 years$13,037$11,910$10,872$9,918$9,043$6,617
10 years$11,614$10,498$9,478$8,550$7,705$5,413
11 years$10,451$9,346$8,345$7,441$6,627$4,465
12 years$9,482$8,388$7,406$6,527$5,743$3,707
13 years$8,663$7,580$6,617$5,762$5,008$3,095
14 years$7,961$6,890$5,945$5,115$4,390$2,594
15 years$7,354$6,295$5,368$4,562$3,865$2,182
16 years$6,823$5,775$4,866$4,084$3,416$1,841
17 years$6,355$5,319$4,428$3,670$3,029$1,557
18 years$5,939$4,915$4,042$3,307$2,693$1,320
19 years$5,568$4,555$3,701$2,988$2,400$1,120
20 years$5,234$4,233$3,396$2,707$2,144$952
21 years$4,932$3,943$3,124$2,456$1,919$810
22 years$4,658$3,680$2,879$2,233$1,720$690
23 years$4,409$3,442$2,658$2,034$1,544$589
24 years$4,180$3,225$2,459$1,855$1,388$502
25 years$3,970$3,026$2,277$1,694$1,249$429
26 years$3,777$2,844$2,112$1,549$1,125$366
27 years$3,598$2,677$1,961$1,418$1,014$313
28 years$3,432$2,522$1,823$1,299$915$268
29 years$3,278$2,380$1,697$1,191$826$229
30 years$3,135$2,247$1,580$1,093$747$196
31 years$3,001$2,124$1,473$1,004$675$168
32 years$2,875$2,010$1,375$923$611$143
33 years$2,758$1,904$1,283$849$553$123
34 years$2,648$1,804$1,199$781$500$105
35 years$2,544$1,711$1,121$719$453$90
36 years$2,446$1,624$1,049$662$411$77
37 years$2,354$1,543$982$610$372$66
38 years$2,266$1,466$919$562$337$57
39 years$2,184$1,394$861$518$306$48
40 years$2,105$1,326$807$478$277$41
41 years$2,031$1,263$757$441$252$36
42 years$1,961$1,202$710$407$228$30
43 years$1,894$1,146$666$376$207$26
44 years$1,830$1,092$625$347$188$22
45 years$1,769$1,041$587$320$171$19
46 years$1,711$993$552$296$155$16
47 years$1,656$948$518$273$141$14
48 years$1,603$905$487$253$128$12
49 years$1,552$864$458$234$116$10
50 years$1,504$826$430$216$106$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,540,000, adding $5,971 every year, while hoping to spend $31,789 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: 28/43/29 Blend
49$1,540,000$1,540,000$1,540,000$1,540,000
50$1,703,239$1,621,619$1,597,749$1,735,519
51$1,843,146$1,667,255$1,617,450$1,807,551
52$1,996,258$1,714,062$1,636,746$1,881,755
53$2,163,889$1,762,063$1,655,590$1,960,844
54$2,347,485$1,811,283$1,673,931$2,045,260
55$2,548,637$1,861,745$1,691,717$2,135,490
56$2,769,102$1,913,474$1,708,892$2,232,069
57$3,010,809$1,966,494$1,725,399$2,335,587
58$3,275,887$2,020,827$1,741,176$2,446,693
59$3,566,680$2,076,500$1,756,157$2,566,101
60$3,885,768$2,133,535$1,770,275$2,694,598
61$4,235,994$2,191,956$1,783,458$2,833,050
62$4,620,491$2,251,787$1,795,629$2,982,412
63$5,042,707$2,313,052$1,806,709$3,143,736
64$5,506,444$2,375,772$1,816,614$3,318,178
65$6,015,888$2,439,971$1,825,257$3,507,016
66$6,575,650$2,505,671$1,832,545$3,711,653
67$7,190,811$2,572,894$1,838,380$3,933,639
68$7,866,969$2,641,661$1,842,661$4,174,680
69$8,610,290$2,711,992$1,845,280$4,436,655
70$9,427,567$2,783,908$1,846,125$4,721,637
71$10,326,287$2,857,427$1,845,077$5,031,908
72$11,314,694$2,932,567$1,842,014$5,369,984
73$12,401,876$3,009,345$1,836,804$5,738,637
74$13,597,842$3,087,778$1,829,311$6,140,922
75$14,913,622$3,167,879$1,819,394$6,580,208
76$16,361,369$3,249,663$1,806,901$7,060,204
77$17,954,473$3,333,141$1,791,677$7,585,000
78$19,707,687$3,418,323$1,773,556$8,159,106
79$21,637,268$3,505,217$1,752,367$8,787,488
80$23,761,127$3,593,830$1,727,928$9,475,622
81$26,099,000$3,684,167$1,700,052$10,229,545
82$28,672,635$3,776,228$1,668,541$11,055,908
83$31,505,994$3,870,013$1,633,188$11,962,043
84$34,625,482$3,965,520$1,593,776$12,956,030
85$38,060,192$4,062,742$1,550,078$14,046,777
86$41,842,185$4,161,669$1,501,859$15,244,101
87$46,006,786$4,262,289$1,448,869$16,558,823
88$50,592,922$4,364,585$1,390,851$18,002,868
89$55,643,488$4,468,538$1,327,532$19,589,382
90$61,205,749$4,574,122$1,258,630$21,332,854
91$67,331,790$4,681,308$1,183,848$23,249,252
92$74,079,003$4,790,062$1,102,877$25,356,178
93$81,510,632$4,900,346$1,015,394$27,673,033
94$89,696,368$5,012,114$921,061$30,221,198
95$98,713,005$5,125,316$819,525$33,024,242
96$108,645,169$5,239,894$710,416$36,108,139
97$119,586,113$5,355,785$593,351$39,501,521
98$131,638,595$5,472,917$467,927$43,235,941
99$144,915,853$5,591,212$333,725$47,346,180
100$159,542,671$5,710,582$190,305$51,870,571