Can I retire at age 50 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$130,475$129,313$128,179$127,072$125,991$124,988
2 years$64,592$63,389$62,223$61,092$59,996$58,984
3 years$42,633$41,425$40,262$39,142$38,064$37,076
4 years$31,656$30,452$29,301$28,200$27,147$26,190
5 years$25,072$23,875$22,738$21,660$20,637$19,713
6 years$20,684$19,495$18,376$17,322$16,329$15,441
7 years$17,550$16,372$15,271$14,241$13,280$12,427
8 years$15,202$14,034$12,951$11,947$11,017$10,199
9 years$13,376$12,219$11,154$10,176$9,278$8,495
10 years$11,916$10,771$9,725$8,772$7,905$7,157
11 years$10,722$9,588$8,561$7,634$6,799$6,084
12 years$9,728$8,606$7,598$6,696$5,892$5,211
13 years$8,888$7,777$6,788$5,912$5,138$4,489
14 years$8,168$7,069$6,099$5,248$4,504$3,887
15 years$7,545$6,458$5,507$4,680$3,965$3,380
16 years$7,000$5,925$4,993$4,190$3,505$2,949
17 years$6,520$5,457$4,543$3,765$3,107$2,581
18 years$6,093$5,042$4,147$3,393$2,763$2,265
19 years$5,712$4,673$3,797$3,066$2,463$1,992
20 years$5,370$4,343$3,484$2,777$2,200$1,755
21 years$5,060$4,045$3,205$2,520$1,969$1,549
22 years$4,779$3,776$2,954$2,291$1,765$1,369
23 years$4,523$3,531$2,727$2,087$1,584$1,212
24 years$4,289$3,309$2,522$1,903$1,424$1,073
25 years$4,073$3,105$2,336$1,738$1,281$952
26 years$3,875$2,918$2,167$1,589$1,154$845
27 years$3,692$2,746$2,012$1,455$1,040$751
28 years$3,521$2,588$1,870$1,333$939$667
29 years$3,363$2,441$1,741$1,222$848$593
30 years$3,216$2,306$1,621$1,122$766$528
31 years$3,079$2,180$1,512$1,030$692$470
32 years$2,950$2,062$1,410$947$626$419
33 years$2,830$1,953$1,317$871$567$373
34 years$2,716$1,851$1,230$801$513$333
35 years$2,610$1,756$1,150$737$465$296
36 years$2,509$1,666$1,076$679$421$264
37 years$2,415$1,583$1,007$626$382$236
38 years$2,325$1,504$943$577$346$210
39 years$2,240$1,430$884$532$314$188
40 years$2,160$1,361$828$491$285$168
41 years$2,084$1,295$777$453$258$150
42 years$2,012$1,234$728$418$234$133
43 years$1,943$1,175$684$386$213$119
44 years$1,877$1,120$642$356$193$106
45 years$1,815$1,068$603$329$175$95
46 years$1,755$1,019$566$304$159$85
47 years$1,699$973$532$281$144$76
48 years$1,644$929$500$259$131$68
49 years$1,592$887$470$240$119$60
50 years$1,543$847$441$221$108$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,580,000, adding $4,792 every year, while hoping to spend $51,192 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: 49/31/20 Blend
49$1,580,000$1,580,000$1,580,000$1,580,000
50$1,746,103$1,662,363$1,637,873$1,821,638
51$1,869,738$1,689,351$1,638,274$1,901,527
52$2,004,267$1,715,945$1,636,972$1,982,673
53$2,150,749$1,742,073$1,633,858$2,069,750
54$2,310,346$1,767,656$1,628,813$2,163,337
55$2,484,340$1,792,609$1,621,716$2,264,073
56$2,674,138$1,816,843$1,612,439$2,372,663
57$2,881,292$1,840,260$1,600,848$2,489,885
58$3,107,510$1,862,758$1,586,802$2,616,599
59$3,354,669$1,884,227$1,570,154$2,753,754
60$3,624,840$1,904,549$1,550,748$2,902,396
61$3,920,301$1,923,599$1,528,425$3,063,683
62$4,243,559$1,941,242$1,503,015$3,238,889
63$4,597,375$1,957,337$1,474,339$3,429,423
64$4,984,792$1,971,731$1,442,214$3,636,839
65$5,409,158$1,984,262$1,406,445$3,862,854
66$5,874,160$1,994,759$1,366,829$4,109,361
67$6,383,860$2,003,038$1,323,154$4,378,450
68$6,942,732$2,008,905$1,275,197$4,672,428
69$7,555,701$2,012,152$1,222,727$4,993,838
70$8,228,195$2,012,560$1,165,501$5,345,491
71$8,966,191$2,009,895$1,103,265$5,730,486
72$9,776,272$2,003,910$1,035,754$6,152,241
73$10,665,690$1,994,340$962,690$6,614,531
74$11,642,434$1,980,906$883,784$7,121,520
75$12,715,305$1,963,313$798,734$7,677,799
76$13,893,997$1,941,247$707,222$8,288,437
77$15,189,190$1,914,373$608,919$8,959,025
78$16,612,650$1,882,340$503,481$9,695,730
79$18,177,339$1,844,773$390,546$10,505,356
80$19,897,538$1,801,277$269,739$11,395,407
81$21,788,979$1,751,432$140,668$12,374,163
82$23,868,997$1,694,794$2,922$13,450,754
83$26,156,689$1,630,894$0$14,635,251
84$28,673,097$1,559,233$0$15,969,509
85$31,441,404$1,479,287$0$17,437,698
86$34,487,154$1,390,498$0$19,052,805
87$37,838,489$1,292,279$0$20,829,834
88$41,526,421$1,184,007$0$22,785,328
89$45,585,117$1,065,024$0$24,937,522
90$50,052,224$934,635$0$27,306,518
91$54,969,225$792,107$0$29,914,476
92$60,381,828$636,662$0$32,785,824
93$66,340,398$467,481$0$35,947,491
94$72,900,429$283,698$0$39,429,162
95$80,123,073$84,400$0$43,263,557
96$88,075,711$0$0$47,486,748
97$96,832,591$0$0$52,183,310
98$106,475,526$0$0$57,387,015
99$117,094,671$0$0$63,117,750
100$128,789,365$0$0$69,429,154