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%13.4%
1 years$128,823$127,676$126,556$125,464$124,397$122,639
2 years$63,774$62,586$61,435$60,319$59,236$57,469
3 years$42,094$40,901$39,753$38,647$37,582$35,860
4 years$31,256$30,066$28,930$27,843$26,804$25,140
5 years$24,754$23,572$22,451$21,386$20,376$18,775
6 years$20,422$19,249$18,143$17,103$16,123$14,587
7 years$17,328$16,165$15,077$14,061$13,112$11,642
8 years$15,009$13,856$12,787$11,795$10,878$9,474
9 years$13,206$12,064$11,013$10,047$9,161$7,821
10 years$11,765$10,634$9,602$8,661$7,805$6,530
11 years$10,586$9,467$8,453$7,537$6,713$5,500
12 years$9,605$8,497$7,502$6,611$5,817$4,666
13 years$8,775$7,679$6,702$5,837$5,073$3,981
14 years$8,065$6,980$6,022$5,181$4,447$3,413
15 years$7,449$6,376$5,437$4,621$3,915$2,937
16 years$6,911$5,850$4,930$4,137$3,460$2,537
17 years$6,437$5,388$4,486$3,717$3,068$2,197
18 years$6,016$4,979$4,095$3,350$2,728$1,907
19 years$5,640$4,614$3,749$3,027$2,432$1,659
20 years$5,302$4,288$3,440$2,742$2,172$1,446
21 years$4,996$3,994$3,164$2,488$1,944$1,262
22 years$4,719$3,728$2,917$2,262$1,742$1,103
23 years$4,466$3,487$2,693$2,060$1,564$965
24 years$4,235$3,267$2,491$1,879$1,406$845
25 years$4,022$3,066$2,307$1,716$1,265$741
26 years$3,826$2,881$2,139$1,569$1,139$650
27 years$3,645$2,712$1,987$1,436$1,027$570
28 years$3,477$2,555$1,847$1,316$927$501
29 years$3,321$2,411$1,719$1,207$837$440
30 years$3,175$2,276$1,601$1,108$756$387
31 years$3,040$2,152$1,492$1,017$684$340
32 years$2,913$2,036$1,392$935$618$299
33 years$2,794$1,928$1,300$860$560$263
34 years$2,682$1,828$1,215$791$507$232
35 years$2,577$1,733$1,136$728$459$204
36 years$2,478$1,645$1,062$671$416$180
37 years$2,384$1,563$994$618$377$158
38 years$2,296$1,485$931$569$342$139
39 years$2,212$1,412$872$525$310$123
40 years$2,133$1,344$818$484$281$108
41 years$2,058$1,279$767$447$255$95
42 years$1,986$1,218$719$412$231$84
43 years$1,918$1,161$675$381$210$74
44 years$1,854$1,106$634$351$191$65
45 years$1,792$1,055$595$325$173$57
46 years$1,733$1,006$559$300$157$51
47 years$1,677$960$525$277$143$45
48 years$1,623$917$493$256$130$39
49 years$1,572$875$464$237$118$35
50 years$1,523$836$436$219$107$31

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 $6,156 every year, while hoping to spend $40,448 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: 62/33/5 Blend
49$1,560,000$1,560,000$1,560,000$1,560,000
50$1,725,470$1,642,790$1,618,610$1,830,721
51$1,858,431$1,680,250$1,629,797$1,939,116
52$2,003,599$1,718,191$1,640,003$2,052,072
53$2,162,176$1,756,592$1,649,153$2,174,297
54$2,335,486$1,795,432$1,657,167$2,306,686
55$2,524,984$1,834,687$1,663,961$2,450,220
56$2,732,278$1,874,332$1,669,449$2,605,982
57$2,959,132$1,914,336$1,673,537$2,775,166
58$3,207,492$1,954,667$1,676,129$2,959,083
59$3,479,500$1,995,290$1,677,124$3,159,181
60$3,777,516$2,036,166$1,676,415$3,377,052
61$4,104,138$2,077,253$1,673,889$3,614,451
62$4,462,226$2,118,505$1,669,431$3,873,311
63$4,854,933$2,159,871$1,662,917$4,155,761
64$5,285,729$2,201,298$1,654,217$4,464,149
65$5,758,437$2,242,725$1,643,197$4,801,058
66$6,277,269$2,284,090$1,629,715$5,169,336
67$6,846,862$2,325,322$1,613,623$5,572,123
68$7,472,328$2,366,349$1,594,765$6,012,874
69$8,159,295$2,407,089$1,572,979$6,495,401
70$8,913,962$2,447,456$1,548,093$7,023,900
71$9,743,163$2,487,357$1,519,930$7,602,998
72$10,654,420$2,526,693$1,488,303$8,237,793
73$11,656,026$2,565,356$1,453,017$8,933,901
74$12,757,114$2,603,232$1,413,866$9,697,514
75$13,967,746$2,640,197$1,370,637$10,535,453
76$15,299,009$2,676,119$1,323,106$11,455,236
77$16,763,117$2,710,858$1,271,039$12,465,147
78$18,373,528$2,744,263$1,214,192$13,574,316
79$20,145,069$2,776,173$1,152,308$14,792,806
80$22,094,076$2,806,416$1,085,121$16,131,705
81$24,238,550$2,834,808$1,012,350$17,603,234
82$26,598,323$2,861,154$933,705$19,220,860
83$29,195,247$2,885,246$848,879$20,999,426
84$32,053,400$2,906,860$757,554$22,955,290
85$35,199,312$2,925,762$659,397$25,106,480
86$38,662,215$2,941,698$554,061$27,472,863
87$42,474,321$2,954,401$441,182$30,076,336
88$46,671,121$2,963,586$320,381$32,941,031
89$51,291,724$2,968,951$191,262$36,093,543
90$56,379,224$2,970,173$53,413$39,563,183
91$61,981,104$2,966,911$0$43,382,254
92$68,149,689$2,958,801$0$47,591,356
93$74,942,634$2,945,460$0$52,228,092
94$82,423,473$2,926,477$0$57,332,875
95$90,662,213$2,901,421$0$62,953,390
96$99,735,998$2,869,830$0$69,142,183
97$109,729,836$2,831,218$0$75,957,167
98$120,737,400$2,785,067$0$83,462,165
99$132,861,911$2,730,832$0$91,727,513
100$146,217,115$2,667,932$0$100,830,725