Can I retire at age 50 with 1,590,000?

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 $1,590,000?

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$131,301$130,131$128,990$127,876$126,789$122,977
2 years$65,000$63,790$62,617$61,479$60,376$56,567
3 years$42,903$41,687$40,517$39,390$38,305$34,619
4 years$31,857$30,645$29,486$28,378$27,319$23,785
5 years$25,231$24,026$22,882$21,797$20,768$17,394
6 years$20,815$19,619$18,492$17,432$16,433$13,223
7 years$17,662$16,476$15,367$14,331$13,364$10,318
8 years$15,298$14,123$13,033$12,022$11,087$8,203
9 years$13,460$12,296$11,225$10,240$9,337$6,611
10 years$11,991$10,839$9,786$8,827$7,955$5,385
11 years$10,790$9,649$8,616$7,682$6,842$4,422
12 years$9,790$8,661$7,646$6,738$5,929$3,655
13 years$8,944$7,827$6,831$5,949$5,170$3,036
14 years$8,220$7,114$6,138$5,281$4,532$2,533
15 years$7,593$6,499$5,542$4,710$3,991$2,120
16 years$7,044$5,963$5,024$4,217$3,527$1,780
17 years$6,561$5,491$4,572$3,789$3,127$1,498
18 years$6,132$5,074$4,174$3,415$2,781$1,263
19 years$5,749$4,703$3,821$3,085$2,478$1,066
20 years$5,404$4,370$3,507$2,794$2,214$901
21 years$5,092$4,071$3,225$2,536$1,981$763
22 years$4,810$3,800$2,973$2,306$1,776$647
23 years$4,552$3,554$2,745$2,100$1,594$548
24 years$4,316$3,330$2,538$1,915$1,433$465
25 years$4,099$3,125$2,351$1,749$1,289$395
26 years$3,900$2,937$2,180$1,599$1,161$336
27 years$3,715$2,764$2,025$1,464$1,047$285
28 years$3,544$2,604$1,882$1,341$945$242
29 years$3,385$2,457$1,752$1,230$853$206
30 years$3,237$2,320$1,632$1,129$771$175
31 years$3,098$2,193$1,521$1,037$697$149
32 years$2,969$2,075$1,419$953$630$127
33 years$2,847$1,965$1,325$876$570$108
34 years$2,734$1,863$1,238$806$517$92
35 years$2,626$1,767$1,158$742$468$78
36 years$2,525$1,677$1,083$683$424$67
37 years$2,430$1,593$1,014$630$384$57
38 years$2,340$1,514$949$580$348$48
39 years$2,255$1,439$889$535$316$41
40 years$2,174$1,369$833$494$286$35
41 years$2,097$1,304$782$455$260$30
42 years$2,024$1,241$733$420$236$25
43 years$1,955$1,183$688$388$214$22
44 years$1,889$1,128$646$358$194$18
45 years$1,826$1,075$606$331$176$16
46 years$1,766$1,026$569$306$160$13
47 years$1,709$979$535$282$145$11
48 years$1,655$934$503$261$132$10
49 years$1,602$892$473$241$120$8
50 years$1,552$852$444$223$109$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,590,000, adding $3,941 every year, while hoping to spend $23,973 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: 22/49/29 Blend
49$1,590,000$1,590,000$1,590,000$1,590,000
50$1,756,245$1,671,975$1,647,330$1,778,697
51$1,909,875$1,728,395$1,677,009$1,855,500
52$2,078,372$1,786,776$1,706,878$1,935,356
53$2,263,226$1,847,188$1,736,919$2,020,275
54$2,466,081$1,909,706$1,767,111$2,110,687
55$2,688,745$1,974,406$1,797,434$2,207,063
56$2,933,212$2,041,366$1,827,862$2,309,921
57$3,201,676$2,110,669$1,858,372$2,419,827
58$3,496,555$2,182,400$1,888,935$2,537,402
59$3,820,513$2,256,648$1,919,525$2,663,331
60$4,176,486$2,333,504$1,950,109$2,798,362
61$4,567,706$2,413,064$1,980,656$2,943,319
62$4,997,734$2,495,426$2,011,130$3,099,106
63$5,470,495$2,580,694$2,041,495$3,266,715
64$5,990,312$2,668,975$2,071,712$3,447,238
65$6,561,948$2,760,379$2,101,739$3,641,875
66$7,190,651$2,855,021$2,131,531$3,851,944
67$7,882,202$2,953,022$2,161,041$4,078,893
68$8,642,971$3,054,505$2,190,221$4,324,317
69$9,479,977$3,159,599$2,219,017$4,589,967
70$10,400,954$3,268,438$2,247,373$4,877,771
71$11,414,423$3,381,163$2,275,231$5,189,849
72$12,529,770$3,497,916$2,302,528$5,528,531
73$13,757,343$3,618,850$2,329,198$5,896,385
74$15,108,538$3,744,120$2,355,172$6,296,233
75$16,595,915$3,873,888$2,380,377$6,731,181
76$18,233,314$4,008,324$2,404,735$7,204,649
77$20,035,982$4,147,602$2,428,164$7,720,398
78$22,020,723$4,291,905$2,450,578$8,282,571
79$24,206,051$4,441,423$2,471,887$8,895,727
80$26,612,368$4,596,353$2,491,995$9,564,884
81$29,262,155$4,756,899$2,510,802$10,295,568
82$32,180,182$4,923,274$2,528,201$11,093,862
83$35,393,747$5,095,701$2,544,082$11,966,466
84$38,932,927$5,274,409$2,558,327$12,920,753
85$42,830,868$5,459,637$2,570,814$13,964,848
86$47,124,093$5,651,636$2,581,412$15,107,692
87$51,852,848$5,850,663$2,589,987$16,359,137
88$57,061,482$6,056,989$2,596,394$17,730,030
89$62,798,865$6,270,893$2,600,486$19,232,319
90$69,118,850$6,492,668$2,602,103$20,879,162
91$76,080,781$6,722,617$2,601,081$22,685,053
92$83,750,050$6,961,055$2,597,247$24,665,957
93$92,198,719$7,208,310$2,590,419$26,839,459
94$101,506,197$7,464,726$2,580,407$29,224,929
95$111,759,988$7,730,657$2,567,010$31,843,705
96$123,056,522$8,006,474$2,550,019$34,719,294
97$135,502,057$8,292,561$2,529,215$37,877,588
98$149,213,691$8,589,321$2,504,368$41,347,115
99$164,320,460$8,897,170$2,475,237$45,159,301
100$180,964,559$9,216,544$2,441,569$49,348,766