Can I retire at age 50 with 1,570,000?

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 $1,570,000?

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$129,649$128,494$127,368$126,268$125,194$121,430
2 years$64,183$62,987$61,829$60,706$59,616$55,855
3 years$42,363$41,163$40,007$38,895$37,823$34,184
4 years$31,456$30,259$29,115$28,021$26,976$23,486
5 years$24,913$23,724$22,595$21,523$20,506$17,175
6 years$20,553$19,372$18,260$17,212$16,226$13,057
7 years$17,439$16,269$15,174$14,151$13,196$10,188
8 years$15,105$13,945$12,869$11,871$10,947$8,100
9 years$13,291$12,142$11,084$10,111$9,219$6,528
10 years$11,840$10,702$9,663$8,716$7,855$5,317
11 years$10,654$9,528$8,507$7,586$6,756$4,366
12 years$9,667$8,552$7,550$6,654$5,854$3,609
13 years$8,831$7,728$6,745$5,874$5,105$2,998
14 years$8,116$7,025$6,061$5,214$4,475$2,501
15 years$7,497$6,417$5,472$4,650$3,940$2,094
16 years$6,956$5,888$4,961$4,164$3,482$1,757
17 years$6,479$5,422$4,515$3,741$3,088$1,479
18 years$6,055$5,010$4,121$3,372$2,746$1,247
19 years$5,676$4,644$3,773$3,047$2,447$1,053
20 years$5,336$4,315$3,462$2,759$2,186$890
21 years$5,028$4,019$3,185$2,504$1,956$753
22 years$4,749$3,752$2,935$2,277$1,753$638
23 years$4,495$3,509$2,710$2,074$1,574$541
24 years$4,262$3,288$2,506$1,891$1,415$459
25 years$4,048$3,085$2,321$1,727$1,273$390
26 years$3,850$2,900$2,153$1,579$1,147$331
27 years$3,668$2,729$1,999$1,446$1,034$282
28 years$3,499$2,572$1,859$1,324$933$239
29 years$3,342$2,426$1,730$1,215$842$204
30 years$3,196$2,291$1,611$1,115$761$173
31 years$3,059$2,166$1,502$1,024$688$147
32 years$2,931$2,049$1,401$941$622$125
33 years$2,812$1,941$1,308$865$563$107
34 years$2,699$1,839$1,223$796$510$91
35 years$2,593$1,745$1,143$733$462$77
36 years$2,494$1,656$1,069$675$419$66
37 years$2,399$1,573$1,001$622$379$56
38 years$2,310$1,495$937$573$344$48
39 years$2,226$1,421$878$528$312$41
40 years$2,146$1,352$823$487$283$35
41 years$2,071$1,287$772$450$257$29
42 years$1,999$1,226$724$415$233$25
43 years$1,930$1,168$679$383$211$21
44 years$1,865$1,113$638$354$192$18
45 years$1,803$1,062$599$327$174$15
46 years$1,744$1,013$562$302$158$13
47 years$1,688$967$528$279$144$11
48 years$1,634$923$496$258$130$10
49 years$1,582$881$467$238$118$8
50 years$1,533$842$439$220$108$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,570,000, adding $2,042 every year, while hoping to spend $36,297 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: 28/48/24 Blend
49$1,570,000$1,570,000$1,570,000$1,570,000
50$1,732,246$1,649,036$1,624,701$1,767,689
51$1,870,316$1,691,219$1,640,509$1,837,901
52$2,021,252$1,734,253$1,655,630$1,909,966
53$2,186,328$1,778,140$1,670,002$1,986,640
54$2,366,948$1,822,884$1,683,562$2,068,343
55$2,564,656$1,868,484$1,696,241$2,155,534
56$2,781,154$1,914,942$1,707,967$2,248,720
57$3,018,313$1,962,256$1,718,666$2,348,460
58$3,278,197$2,010,423$1,728,257$2,455,370
59$3,563,078$2,059,438$1,736,659$2,570,128
60$3,875,458$2,109,297$1,743,782$2,693,481
61$4,218,092$2,159,990$1,749,537$2,826,253
62$4,594,016$2,211,508$1,753,825$2,969,352
63$5,006,573$2,263,839$1,756,545$3,123,779
64$5,459,446$2,316,970$1,757,592$3,290,635
65$5,956,691$2,370,883$1,756,853$3,471,138
66$6,502,777$2,425,560$1,754,212$3,666,627
67$7,102,628$2,480,979$1,749,544$3,878,580
68$7,761,664$2,537,116$1,742,723$4,108,626
69$8,485,861$2,593,942$1,733,612$4,358,562
70$9,281,801$2,651,427$1,722,069$4,630,366
71$10,156,733$2,709,535$1,707,947$4,926,223
72$11,118,646$2,768,229$1,691,090$5,248,539
73$12,176,341$2,827,465$1,671,334$5,599,969
74$13,339,514$2,887,197$1,648,510$5,983,437
75$14,618,849$2,947,374$1,622,439$6,402,171
76$16,026,114$3,007,938$1,592,934$6,859,727
77$17,574,279$3,068,828$1,559,798$7,360,029
78$19,277,632$3,129,978$1,522,828$7,907,399
79$21,151,917$3,191,313$1,481,809$8,506,606
80$23,214,479$3,252,754$1,436,517$9,162,907
81$25,484,433$3,314,216$1,386,717$9,882,099
82$27,982,837$3,375,604$1,332,164$10,670,571
83$30,732,897$3,436,819$1,272,602$11,535,370
84$33,760,181$3,497,752$1,207,762$12,484,264
85$37,092,862$3,558,285$1,137,365$13,525,818
86$40,761,985$3,618,292$1,061,118$14,669,475
87$44,801,757$3,677,637$978,714$15,925,645
88$49,249,869$3,736,175$889,835$17,305,808
89$54,147,857$3,793,748$794,145$18,822,616
90$59,541,486$3,850,190$691,297$20,490,021
91$65,481,188$3,905,319$580,926$22,323,402
92$72,022,533$3,958,944$462,651$24,339,717
93$79,226,757$4,010,857$336,075$26,557,656
94$87,161,336$4,060,839$200,783$28,997,828
95$95,900,626$4,108,654$56,343$31,682,950
96$105,526,561$4,154,050$0$34,638,064
97$116,129,430$4,196,758$0$37,915,824
98$127,808,726$4,236,493$0$41,538,642
99$140,674,084$4,272,949$0$45,525,751
100$154,846,317$4,305,800$0$49,914,264