Can I retire at age 50 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$127,998$126,857$125,745$124,659$123,599$123,078
2 years$63,365$62,185$61,041$59,932$58,857$58,331
3 years$41,824$40,639$39,498$38,399$37,341$36,827
4 years$31,055$29,874$28,744$27,664$26,632$26,133
5 years$24,596$23,421$22,307$21,249$20,245$19,763
6 years$20,291$19,125$18,027$16,993$16,019$15,554
7 years$17,217$16,061$14,981$13,971$13,028$12,580
8 years$14,913$13,768$12,705$11,720$10,808$10,378
9 years$13,122$11,987$10,943$9,983$9,102$8,690
10 years$11,690$10,566$9,540$8,605$7,755$7,360
11 years$10,519$9,406$8,399$7,489$6,670$6,292
12 years$9,543$8,443$7,454$6,569$5,780$5,419
13 years$8,719$7,630$6,659$5,799$5,040$4,696
14 years$8,013$6,935$5,984$5,148$4,418$4,090
15 years$7,402$6,335$5,402$4,591$3,890$3,577
16 years$6,867$5,813$4,898$4,111$3,438$3,141
17 years$6,396$5,353$4,457$3,694$3,048$2,766
18 years$5,978$4,947$4,069$3,329$2,711$2,442
19 years$5,604$4,584$3,725$3,008$2,416$2,162
20 years$5,268$4,260$3,418$2,724$2,158$1,917
21 years$4,964$3,968$3,144$2,472$1,931$1,703
22 years$4,689$3,704$2,898$2,248$1,731$1,515
23 years$4,437$3,464$2,676$2,047$1,554$1,350
24 years$4,207$3,246$2,475$1,867$1,397$1,205
25 years$3,996$3,046$2,292$1,705$1,257$1,076
26 years$3,801$2,863$2,126$1,559$1,132$962
27 years$3,621$2,694$1,974$1,427$1,021$860
28 years$3,455$2,539$1,835$1,308$921$770
29 years$3,300$2,395$1,708$1,199$832$690
30 years$3,155$2,262$1,591$1,100$751$618
31 years$3,020$2,138$1,483$1,011$679$555
32 years$2,894$2,023$1,383$929$615$498
33 years$2,776$1,916$1,292$854$556$447
34 years$2,665$1,816$1,207$786$504$401
35 years$2,560$1,722$1,128$723$456$360
36 years$2,462$1,635$1,056$666$413$324
37 years$2,369$1,553$988$614$374$291
38 years$2,281$1,476$925$566$340$262
39 years$2,198$1,403$867$522$308$235
40 years$2,119$1,335$813$481$279$212
41 years$2,044$1,271$762$444$253$190
42 years$1,973$1,210$715$410$230$171
43 years$1,906$1,153$671$378$209$154
44 years$1,842$1,099$629$349$189$139
45 years$1,780$1,048$591$323$172$125
46 years$1,722$1,000$555$298$156$112
47 years$1,666$954$522$275$142$101
48 years$1,613$911$490$254$129$91
49 years$1,562$870$461$235$117$82
50 years$1,513$831$433$217$106$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,550,000, adding $5,961 every year, while hoping to spend $46,445 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: 59/25/16 Blend
49$1,550,000$1,550,000$1,550,000$1,550,000
50$1,714,249$1,632,099$1,608,074$1,808,021
51$1,839,685$1,662,654$1,612,527$1,902,649
52$1,976,359$1,693,151$1,615,573$2,000,134
53$2,125,368$1,723,536$1,617,115$2,105,366
54$2,287,920$1,753,753$1,617,053$2,219,097
55$2,465,344$1,783,743$1,615,280$2,342,159
56$2,659,103$1,813,440$1,611,686$2,475,467
57$2,870,807$1,842,775$1,606,153$2,620,033
58$3,102,230$1,871,672$1,598,560$2,776,968
59$3,355,325$1,900,050$1,588,779$2,947,500
60$3,632,240$1,927,825$1,576,675$3,132,982
61$3,935,342$1,954,902$1,562,107$3,334,906
62$4,267,238$1,981,183$1,544,929$3,554,915
63$4,630,798$2,006,563$1,524,986$3,794,823
64$5,029,183$2,030,928$1,502,116$4,056,628
65$5,465,873$2,054,157$1,476,151$4,342,535
66$5,944,703$2,076,122$1,446,913$4,654,973
67$6,469,895$2,096,684$1,414,216$4,996,620
68$7,046,099$2,115,696$1,377,868$5,370,431
69$7,678,439$2,133,003$1,337,664$5,779,662
70$8,372,557$2,148,438$1,293,393$6,227,902
71$9,134,669$2,161,822$1,244,833$6,719,111
72$9,971,623$2,172,969$1,191,752$7,257,652
73$10,890,959$2,181,675$1,133,907$7,848,336
74$11,900,989$2,187,729$1,071,044$8,496,469
75$13,010,864$2,190,902$1,002,899$9,207,899
76$14,230,670$2,190,954$929,194$9,989,073
77$15,571,516$2,187,629$849,639$10,847,100
78$17,045,642$2,180,654$763,934$11,789,817
79$18,666,533$2,169,741$671,761$12,825,864
80$20,449,045$2,154,584$572,790$13,964,766
81$22,409,546$2,134,858$466,678$15,217,022
82$24,566,072$2,110,218$353,063$16,594,210
83$26,938,492$2,080,299$231,572$18,109,091
84$29,548,700$2,044,715$101,810$19,775,733
85$32,420,816$2,003,055$0$21,609,645
86$35,581,421$1,954,886$0$23,634,184
87$39,059,798$1,899,748$0$25,880,891
88$42,888,215$1,837,153$0$28,353,220
89$47,102,226$1,766,587$0$31,074,151
90$51,741,009$1,687,505$0$34,069,012
91$56,847,729$1,599,331$0$37,365,719
92$62,469,953$1,501,453$0$40,995,036
93$68,660,092$1,393,228$0$44,990,873
94$75,475,898$1,273,973$0$49,390,598
95$82,981,010$1,142,968$0$54,235,398
96$91,245,550$999,450$0$59,570,665
97$100,346,788$842,616$0$65,446,428
98$110,369,870$671,613$0$71,917,822
99$121,408,618$485,544$0$79,045,613
100$133,566,422$283,460$0$86,896,773