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

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$128,823$127,676$126,556$125,464$124,397$120,656
2 years$63,774$62,586$61,435$60,319$59,236$55,500
3 years$42,094$40,901$39,753$38,647$37,582$33,966
4 years$31,256$30,066$28,930$27,843$26,804$23,336
5 years$24,754$23,572$22,451$21,386$20,376$17,066
6 years$20,422$19,249$18,143$17,103$16,123$12,974
7 years$17,328$16,165$15,077$14,061$13,112$10,123
8 years$15,009$13,856$12,787$11,795$10,878$8,048
9 years$13,206$12,064$11,013$10,047$9,161$6,487
10 years$11,765$10,634$9,602$8,661$7,805$5,283
11 years$10,586$9,467$8,453$7,537$6,713$4,338
12 years$9,605$8,497$7,502$6,611$5,817$3,586
13 years$8,775$7,679$6,702$5,837$5,073$2,979
14 years$8,065$6,980$6,022$5,181$4,447$2,485
15 years$7,449$6,376$5,437$4,621$3,915$2,080
16 years$6,911$5,850$4,930$4,137$3,460$1,746
17 years$6,437$5,388$4,486$3,717$3,068$1,469
18 years$6,016$4,979$4,095$3,350$2,728$1,239
19 years$5,640$4,614$3,749$3,027$2,432$1,046
20 years$5,302$4,288$3,440$2,742$2,172$884
21 years$4,996$3,994$3,164$2,488$1,944$749
22 years$4,719$3,728$2,917$2,262$1,742$634
23 years$4,466$3,487$2,693$2,060$1,564$538
24 years$4,235$3,267$2,491$1,879$1,406$456
25 years$4,022$3,066$2,307$1,716$1,265$388
26 years$3,826$2,881$2,139$1,569$1,139$329
27 years$3,645$2,712$1,987$1,436$1,027$280
28 years$3,477$2,555$1,847$1,316$927$238
29 years$3,321$2,411$1,719$1,207$837$202
30 years$3,175$2,276$1,601$1,108$756$172
31 years$3,040$2,152$1,492$1,017$684$146
32 years$2,913$2,036$1,392$935$618$125
33 years$2,794$1,928$1,300$860$560$106
34 years$2,682$1,828$1,215$791$507$90
35 years$2,577$1,733$1,136$728$459$77
36 years$2,478$1,645$1,062$671$416$65
37 years$2,384$1,563$994$618$377$56
38 years$2,296$1,485$931$569$342$47
39 years$2,212$1,412$872$525$310$40
40 years$2,133$1,344$818$484$281$34
41 years$2,058$1,279$767$447$255$29
42 years$1,986$1,218$719$412$231$25
43 years$1,918$1,161$675$381$210$21
44 years$1,854$1,106$634$351$191$18
45 years$1,792$1,055$595$325$173$15
46 years$1,733$1,006$559$300$157$13
47 years$1,677$960$525$277$143$11
48 years$1,623$917$493$256$130$10
49 years$1,572$875$464$237$118$8
50 years$1,523$836$436$219$107$7

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 $6,148 every year, while hoping to spend $36,804 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: 67/20/13 Blend
49$1,560,000$1,560,000$1,560,000$1,560,000
50$1,725,462$1,642,782$1,618,602$1,835,577
51$1,862,300$1,684,119$1,633,666$1,951,060
52$2,011,861$1,726,248$1,648,001$2,072,354
53$2,175,406$1,769,169$1,661,544$2,204,035
54$2,354,320$1,812,881$1,674,228$2,347,117
55$2,550,130$1,857,381$1,685,983$2,502,719
56$2,764,515$1,902,665$1,696,736$2,672,068
57$2,999,327$1,948,727$1,706,408$2,856,522
58$3,256,605$1,995,561$1,714,919$3,057,572
59$3,538,592$2,043,157$1,722,182$3,276,862
60$3,847,761$2,091,504$1,728,108$3,516,204
61$4,186,835$2,140,589$1,732,602$3,777,592
62$4,558,811$2,190,398$1,735,564$4,063,224
63$4,966,995$2,240,913$1,736,890$4,375,521
64$5,415,024$2,292,112$1,736,471$4,717,152
65$5,906,905$2,343,975$1,734,192$5,091,055
66$6,447,055$2,396,475$1,729,932$5,500,468
67$7,040,335$2,449,583$1,723,566$5,948,959
68$7,692,104$2,503,267$1,714,960$6,440,460
69$8,408,263$2,557,492$1,703,976$6,979,302
70$9,195,315$2,612,218$1,690,468$7,570,258
71$10,060,422$2,667,402$1,674,284$8,218,588
72$11,011,477$2,722,997$1,655,264$8,930,088
73$12,057,174$2,778,949$1,633,241$9,711,143
74$13,207,091$2,835,203$1,608,041$10,568,790
75$14,471,783$2,891,696$1,579,478$11,510,785
76$15,862,876$2,948,361$1,547,362$12,545,672
77$17,393,182$3,005,124$1,511,492$13,682,869
78$19,076,817$3,061,905$1,471,657$14,932,753
79$20,929,333$3,118,619$1,427,638$16,306,759
80$22,967,866$3,175,173$1,379,205$17,817,490
81$25,211,298$3,231,465$1,326,118$19,478,832
82$27,680,431$3,287,388$1,268,124$21,306,091
83$30,398,190$3,342,825$1,204,961$23,316,132
84$33,389,833$3,397,650$1,136,354$25,527,541
85$36,683,190$3,451,730$1,062,017$27,960,800
86$40,308,929$3,504,918$981,648$30,638,481
87$44,300,842$3,557,061$894,935$33,585,460
88$48,696,161$3,607,991$801,549$36,829,150
89$53,535,918$3,657,531$701,149$40,399,760
90$58,865,321$3,705,489$593,377$44,330,585
91$64,734,189$3,751,663$477,860$48,658,312
92$71,197,416$3,795,835$354,209$53,423,377
93$78,315,494$3,837,771$222,015$58,670,339
94$86,155,077$3,877,225$80,856$64,448,303
95$94,789,617$3,913,931$0$70,811,387
96$104,300,051$3,947,607$0$77,828,909
97$114,775,570$3,977,954$0$85,569,511
98$126,314,454$4,004,650$0$94,094,466
99$139,025,006$4,027,355$0$103,483,663
100$153,026,568$4,045,706$0$113,825,143