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%11.4%
1 years$128,823$127,676$126,556$125,464$124,397$123,664
2 years$63,774$62,586$61,435$60,319$59,236$58,498
3 years$42,094$40,901$39,753$38,647$37,582$36,860
4 years$31,256$30,066$28,930$27,843$26,804$26,104
5 years$24,754$23,572$22,451$21,386$20,376$19,700
6 years$20,422$19,249$18,143$17,103$16,123$15,471
7 years$17,328$16,165$15,077$14,061$13,112$12,486
8 years$15,009$13,856$12,787$11,795$10,878$10,277
9 years$13,206$12,064$11,013$10,047$9,161$8,585
10 years$11,765$10,634$9,602$8,661$7,805$7,254
11 years$10,586$9,467$8,453$7,537$6,713$6,186
12 years$9,605$8,497$7,502$6,611$5,817$5,314
13 years$8,775$7,679$6,702$5,837$5,073$4,593
14 years$8,065$6,980$6,022$5,181$4,447$3,990
15 years$7,449$6,376$5,437$4,621$3,915$3,481
16 years$6,911$5,850$4,930$4,137$3,460$3,048
17 years$6,437$5,388$4,486$3,717$3,068$2,677
18 years$6,016$4,979$4,095$3,350$2,728$2,357
19 years$5,640$4,614$3,749$3,027$2,432$2,080
20 years$5,302$4,288$3,440$2,742$2,172$1,840
21 years$4,996$3,994$3,164$2,488$1,944$1,630
22 years$4,719$3,728$2,917$2,262$1,742$1,446
23 years$4,466$3,487$2,693$2,060$1,564$1,284
24 years$4,235$3,267$2,491$1,879$1,406$1,142
25 years$4,022$3,066$2,307$1,716$1,265$1,017
26 years$3,826$2,881$2,139$1,569$1,139$906
27 years$3,645$2,712$1,987$1,436$1,027$808
28 years$3,477$2,555$1,847$1,316$927$721
29 years$3,321$2,411$1,719$1,207$837$644
30 years$3,175$2,276$1,601$1,108$756$575
31 years$3,040$2,152$1,492$1,017$684$514
32 years$2,913$2,036$1,392$935$618$460
33 years$2,794$1,928$1,300$860$560$412
34 years$2,682$1,828$1,215$791$507$368
35 years$2,577$1,733$1,136$728$459$330
36 years$2,478$1,645$1,062$671$416$295
37 years$2,384$1,563$994$618$377$265
38 years$2,296$1,485$931$569$342$237
39 years$2,212$1,412$872$525$310$212
40 years$2,133$1,344$818$484$281$190
41 years$2,058$1,279$767$447$255$171
42 years$1,986$1,218$719$412$231$153
43 years$1,918$1,161$675$381$210$137
44 years$1,854$1,106$634$351$191$123
45 years$1,792$1,055$595$325$173$110
46 years$1,733$1,006$559$300$157$99
47 years$1,677$960$525$277$143$89
48 years$1,623$917$493$256$130$80
49 years$1,572$875$464$237$118$71
50 years$1,523$836$436$219$107$64

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 $4,618 every year, while hoping to spend $44,447 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: 64/16/20 Blend
49$1,560,000$1,560,000$1,560,000$1,560,000
50$1,723,883$1,641,203$1,617,023$1,825,139
51$1,852,428$1,674,331$1,623,902$1,926,936
52$1,992,595$1,707,592$1,629,522$2,032,656
53$2,145,522$1,740,947$1,633,794$2,147,116
54$2,312,463$1,774,351$1,636,623$2,271,174
55$2,494,797$1,807,757$1,637,913$2,405,774
56$2,694,042$1,841,113$1,637,559$2,551,958
57$2,911,871$1,874,364$1,635,454$2,710,873
58$3,150,124$1,907,450$1,631,484$2,883,783
59$3,410,828$1,940,306$1,625,530$3,072,084
60$3,696,215$1,972,863$1,617,467$3,277,312
61$4,008,741$2,005,046$1,607,165$3,501,160
62$4,351,114$2,036,775$1,594,486$3,745,496
63$4,726,314$2,067,963$1,579,288$4,012,377
64$5,137,623$2,098,518$1,561,419$4,304,073
65$5,588,656$2,128,341$1,540,722$4,623,083
66$6,083,395$2,157,326$1,517,032$4,972,163
67$6,626,225$2,185,358$1,490,176$5,354,354
68$7,221,976$2,212,318$1,459,974$5,773,003
69$7,875,971$2,238,074$1,426,236$6,231,803
70$8,594,070$2,262,490$1,388,764$6,734,824
71$9,382,729$2,285,416$1,347,352$7,286,552
72$10,249,062$2,306,695$1,301,783$7,891,933
73$11,200,903$2,326,161$1,251,830$8,556,417
74$12,246,885$2,343,632$1,197,256$9,286,014
75$13,396,517$2,358,920$1,137,813$10,087,349
76$14,660,275$2,371,821$1,073,244$10,967,721
77$16,049,703$2,382,119$1,003,277$11,935,181
78$17,577,515$2,389,586$927,630$12,998,600
79$19,257,723$2,393,977$846,006$14,167,757
80$21,105,762$2,395,033$758,099$15,453,432
81$23,138,639$2,392,479$663,584$16,867,507
82$25,375,092$2,386,022$562,127$18,423,079
83$27,835,767$2,375,353$453,374$20,134,585
84$30,543,413$2,360,143$336,959$22,017,938
85$33,523,092$2,340,041$212,499$24,090,678
86$36,802,423$2,314,679$79,593$26,372,137
87$40,411,835$2,283,663$0$28,883,626
88$44,384,857$2,246,577$0$31,661,914
89$48,758,435$2,202,982$0$34,738,599
90$53,573,276$2,152,409$0$38,125,308
91$58,874,238$2,094,365$0$41,853,594
92$64,710,747$2,028,326$0$45,958,230
93$71,137,268$1,953,738$0$50,477,534
94$78,213,813$1,870,015$0$55,453,732
95$86,006,513$1,776,537$0$60,933,361
96$94,588,238$1,672,648$0$66,967,703
97$104,039,284$1,557,653$0$73,613,273
98$114,448,133$1,430,820$0$80,932,351
99$125,912,284$1,291,372$0$88,993,571
100$138,539,178$1,138,490$0$97,872,569