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

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$130,475$129,313$128,179$127,072$125,991$122,499
2 years$64,592$63,389$62,223$61,092$59,996$56,503
3 years$42,633$41,425$40,262$39,142$38,064$34,680
4 years$31,656$30,452$29,301$28,200$27,147$23,899
5 years$25,072$23,875$22,738$21,660$20,637$17,533
6 years$20,684$19,495$18,376$17,322$16,329$13,372
7 years$17,550$16,372$15,271$14,241$13,280$10,470
8 years$15,202$14,034$12,951$11,947$11,017$8,353
9 years$13,376$12,219$11,154$10,176$9,278$6,757
10 years$11,916$10,771$9,725$8,772$7,905$5,524
11 years$10,722$9,588$8,561$7,634$6,799$4,554
12 years$9,728$8,606$7,598$6,696$5,892$3,779
13 years$8,888$7,777$6,788$5,912$5,138$3,152
14 years$8,168$7,069$6,099$5,248$4,504$2,640
15 years$7,545$6,458$5,507$4,680$3,965$2,220
16 years$7,000$5,925$4,993$4,190$3,505$1,871
17 years$6,520$5,457$4,543$3,765$3,107$1,581
18 years$6,093$5,042$4,147$3,393$2,763$1,339
19 years$5,712$4,673$3,797$3,066$2,463$1,136
20 years$5,370$4,343$3,484$2,777$2,200$965
21 years$5,060$4,045$3,205$2,520$1,969$821
22 years$4,779$3,776$2,954$2,291$1,765$699
23 years$4,523$3,531$2,727$2,087$1,584$595
24 years$4,289$3,309$2,522$1,903$1,424$507
25 years$4,073$3,105$2,336$1,738$1,281$433
26 years$3,875$2,918$2,167$1,589$1,154$370
27 years$3,692$2,746$2,012$1,455$1,040$316
28 years$3,521$2,588$1,870$1,333$939$270
29 years$3,363$2,441$1,741$1,222$848$230
30 years$3,216$2,306$1,621$1,122$766$197
31 years$3,079$2,180$1,512$1,030$692$168
32 years$2,950$2,062$1,410$947$626$144
33 years$2,830$1,953$1,317$871$567$123
34 years$2,716$1,851$1,230$801$513$105
35 years$2,610$1,756$1,150$737$465$90
36 years$2,509$1,666$1,076$679$421$77
37 years$2,415$1,583$1,007$626$382$66
38 years$2,325$1,504$943$577$346$56
39 years$2,240$1,430$884$532$314$48
40 years$2,160$1,361$828$491$285$41
41 years$2,084$1,295$777$453$258$35
42 years$2,012$1,234$728$418$234$30
43 years$1,943$1,175$684$386$213$26
44 years$1,877$1,120$642$356$193$22
45 years$1,815$1,068$603$329$175$19
46 years$1,755$1,019$566$304$159$16
47 years$1,699$973$532$281$144$14
48 years$1,644$929$500$259$131$12
49 years$1,592$887$470$240$119$10
50 years$1,543$847$441$221$108$9

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 $2,510 every year, while hoping to spend $47,725 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: 67/14/19 Blend
49$1,580,000$1,580,000$1,580,000$1,580,000
50$1,743,749$1,660,009$1,635,519$1,852,216
51$1,870,832$1,690,570$1,639,530$1,955,676
52$2,009,279$1,721,030$1,642,076$2,063,000
53$2,160,197$1,751,332$1,643,057$2,179,206
54$2,324,806$1,781,417$1,642,369$2,305,166
55$2,504,451$1,811,220$1,639,902$2,441,840
56$2,700,608$1,840,673$1,635,542$2,590,288
57$2,914,905$1,869,702$1,629,168$2,751,676
58$3,149,135$1,898,226$1,620,654$2,927,291
59$3,405,268$1,926,160$1,609,867$3,118,551
60$3,685,476$1,953,414$1,596,669$3,327,018
61$3,992,152$1,979,888$1,580,915$3,554,416
62$4,327,927$2,005,478$1,562,451$3,802,643
63$4,695,702$2,030,072$1,541,119$4,073,792
64$5,098,668$2,053,551$1,516,752$4,370,171
65$5,540,344$2,075,786$1,489,174$4,694,323
66$6,024,601$2,096,642$1,458,203$5,049,052
67$6,555,705$2,115,972$1,423,648$5,437,448
68$7,138,355$2,133,622$1,385,308$5,862,920
69$7,777,724$2,149,428$1,342,974$6,329,221
70$8,479,515$2,163,212$1,296,426$6,840,493
71$9,250,004$2,174,788$1,245,435$7,401,299
72$10,096,109$2,183,958$1,189,761$8,016,669
73$11,025,449$2,190,508$1,129,155$8,692,149
74$12,046,417$2,194,215$1,063,354$9,433,852
75$13,168,259$2,194,839$992,084$10,248,516
76$14,401,162$2,192,127$915,060$11,143,569
77$15,756,348$2,185,809$831,982$12,127,199
78$17,246,181$2,175,599$742,538$13,208,431
79$18,884,281$2,161,193$646,403$14,397,214
80$20,685,655$2,142,269$543,235$15,704,514
81$22,666,838$2,118,486$432,679$17,142,419
82$24,846,045$2,089,482$314,364$18,724,253
83$27,243,349$2,054,873$187,902$20,464,704
84$29,880,861$2,014,253$52,887$22,379,959
85$32,782,949$1,967,191$0$24,487,864
86$35,976,459$1,913,232$0$26,826,575
87$39,490,970$1,851,893$0$29,411,928
88$43,359,076$1,782,663$0$32,257,177
89$47,616,690$1,705,002$0$35,388,760
90$52,303,383$1,618,337$0$38,835,808
91$57,462,756$1,522,064$0$42,630,426
92$63,142,856$1,415,543$0$46,807,992
93$69,396,620$1,298,098$0$51,407,494
94$76,282,385$1,169,014$0$56,471,896
95$83,864,427$1,027,535$0$62,048,547
96$92,213,577$872,863$0$68,189,625
97$101,407,882$704,153$0$74,952,630
98$111,533,344$520,515$0$82,400,930
99$122,684,733$321,007$0$90,604,357
100$134,966,474$104,636$0$99,639,868