Can I retire at age 50 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$128,823$127,676$126,556$125,464$124,397$121,340
2 years$63,774$62,586$61,435$60,319$59,236$56,176
3 years$42,094$40,901$39,753$38,647$37,582$34,613
4 years$31,256$30,066$28,930$27,843$26,804$23,950
5 years$24,754$23,572$22,451$21,386$20,376$17,644
6 years$20,422$19,249$18,143$17,103$16,123$13,516
7 years$17,328$16,165$15,077$14,061$13,112$10,631
8 years$15,009$13,856$12,787$11,795$10,878$8,521
9 years$13,206$12,064$11,013$10,047$9,161$6,926
10 years$11,765$10,634$9,602$8,661$7,805$5,691
11 years$10,586$9,467$8,453$7,537$6,713$4,715
12 years$9,605$8,497$7,502$6,611$5,817$3,933
13 years$8,775$7,679$6,702$5,837$5,073$3,299
14 years$8,065$6,980$6,022$5,181$4,447$2,778
15 years$7,449$6,376$5,437$4,621$3,915$2,349
16 years$6,911$5,850$4,930$4,137$3,460$1,992
17 years$6,437$5,388$4,486$3,717$3,068$1,693
18 years$6,016$4,979$4,095$3,350$2,728$1,442
19 years$5,640$4,614$3,749$3,027$2,432$1,231
20 years$5,302$4,288$3,440$2,742$2,172$1,052
21 years$4,996$3,994$3,164$2,488$1,944$900
22 years$4,719$3,728$2,917$2,262$1,742$771
23 years$4,466$3,487$2,693$2,060$1,564$661
24 years$4,235$3,267$2,491$1,879$1,406$567
25 years$4,022$3,066$2,307$1,716$1,265$487
26 years$3,826$2,881$2,139$1,569$1,139$418
27 years$3,645$2,712$1,987$1,436$1,027$360
28 years$3,477$2,555$1,847$1,316$927$309
29 years$3,321$2,411$1,719$1,207$837$266
30 years$3,175$2,276$1,601$1,108$756$229
31 years$3,040$2,152$1,492$1,017$684$197
32 years$2,913$2,036$1,392$935$618$170
33 years$2,794$1,928$1,300$860$560$146
34 years$2,682$1,828$1,215$791$507$126
35 years$2,577$1,733$1,136$728$459$108
36 years$2,478$1,645$1,062$671$416$93
37 years$2,384$1,563$994$618$377$80
38 years$2,296$1,485$931$569$342$69
39 years$2,212$1,412$872$525$310$60
40 years$2,133$1,344$818$484$281$51
41 years$2,058$1,279$767$447$255$44
42 years$1,986$1,218$719$412$231$38
43 years$1,918$1,161$675$381$210$33
44 years$1,854$1,106$634$351$191$28
45 years$1,792$1,055$595$325$173$24
46 years$1,733$1,006$559$300$157$21
47 years$1,677$960$525$277$143$18
48 years$1,623$917$493$256$130$16
49 years$1,572$875$464$237$118$13
50 years$1,523$836$436$219$107$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,560,000, adding $5,969 every year, while hoping to spend $56,392 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: 71/18/11 Blend
49$1,560,000$1,560,000$1,560,000$1,560,000
50$1,725,277$1,642,597$1,618,417$1,843,513
51$1,841,255$1,663,084$1,612,633$1,943,086
52$1,967,172$1,682,684$1,604,766$2,044,573
53$2,103,983$1,701,295$1,594,685$2,154,151
54$2,252,738$1,718,808$1,582,256$2,272,604
55$2,414,592$1,735,104$1,567,336$2,400,799
56$2,590,815$1,750,059$1,549,777$2,539,688
57$2,782,806$1,763,539$1,529,422$2,690,325
58$2,992,104$1,775,404$1,506,109$2,853,867
59$3,220,401$1,785,502$1,479,666$3,031,591
60$3,469,563$1,793,672$1,449,916$3,224,906
61$3,741,640$1,799,744$1,416,670$3,435,364
62$4,038,893$1,803,536$1,379,734$3,664,676
63$4,363,806$1,804,856$1,338,901$3,914,728
64$4,719,118$1,803,498$1,293,958$4,187,599
65$5,107,844$1,799,245$1,244,682$4,485,581
66$5,533,302$1,791,866$1,190,836$4,811,201
67$5,999,147$1,781,116$1,132,178$5,167,244
68$6,509,405$1,766,735$1,068,450$5,556,783
69$7,068,506$1,748,446$999,385$5,983,202
70$7,681,332$1,725,959$924,703$6,450,234
71$8,353,260$1,698,963$844,112$6,961,993
72$9,090,210$1,667,129$757,307$7,523,017
73$9,898,703$1,630,111$663,970$8,138,306
74$10,785,924$1,587,539$563,765$8,813,372
75$11,759,784$1,539,025$456,347$9,554,295
76$12,828,999$1,484,154$341,352$10,367,774
77$14,003,171$1,422,491$218,401$11,261,197
78$15,292,874$1,353,573$87,098$12,242,706
79$16,709,761$1,276,912$0$13,321,279
80$18,266,666$1,191,991$0$14,513,035
81$19,977,730$1,098,262$0$15,833,974
82$21,858,530$995,148$0$17,285,941
83$23,926,228$882,038$0$18,882,250
84$26,199,732$758,287$0$20,637,572
85$28,699,875$623,213$0$22,568,078
86$31,449,606$476,095$0$24,691,588
87$34,474,214$316,172$0$27,027,744
88$37,801,560$142,640$0$29,598,193
89$41,462,340$0$0$32,426,794
90$45,490,378$0$0$35,548,822
91$49,922,941$0$0$39,015,570
92$54,801,091$0$0$42,830,910
93$60,170,071$0$0$47,030,240
94$66,079,734$0$0$51,652,566
95$72,585,011$0$0$56,740,864
96$79,746,428$0$0$62,342,490
97$87,630,678$0$0$68,509,625
98$96,311,250$0$0$75,299,766
99$105,869,122$0$0$82,776,269
100$116,393,521$0$0$91,008,947