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

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$131,301$130,131$128,990$127,876$126,789$125,153
2 years$65,000$63,790$62,617$61,479$60,376$58,730
3 years$42,903$41,687$40,517$39,390$38,305$36,700
4 years$31,857$30,645$29,486$28,378$27,319$25,768
5 years$25,231$24,026$22,882$21,797$20,768$19,275
6 years$20,815$19,619$18,492$17,432$16,433$15,000
7 years$17,662$16,476$15,367$14,331$13,364$11,991
8 years$15,298$14,123$13,033$12,022$11,087$9,774
9 years$13,460$12,296$11,225$10,240$9,337$8,084
10 years$11,991$10,839$9,786$8,827$7,955$6,762
11 years$10,790$9,649$8,616$7,682$6,842$5,706
12 years$9,790$8,661$7,646$6,738$5,929$4,849
13 years$8,944$7,827$6,831$5,949$5,170$4,146
14 years$8,220$7,114$6,138$5,281$4,532$3,561
15 years$7,593$6,499$5,542$4,710$3,991$3,071
16 years$7,044$5,963$5,024$4,217$3,527$2,658
17 years$6,561$5,491$4,572$3,789$3,127$2,307
18 years$6,132$5,074$4,174$3,415$2,781$2,007
19 years$5,749$4,703$3,821$3,085$2,478$1,750
20 years$5,404$4,370$3,507$2,794$2,214$1,528
21 years$5,092$4,071$3,225$2,536$1,981$1,337
22 years$4,810$3,800$2,973$2,306$1,776$1,171
23 years$4,552$3,554$2,745$2,100$1,594$1,027
24 years$4,316$3,330$2,538$1,915$1,433$901
25 years$4,099$3,125$2,351$1,749$1,289$792
26 years$3,900$2,937$2,180$1,599$1,161$696
27 years$3,715$2,764$2,025$1,464$1,047$613
28 years$3,544$2,604$1,882$1,341$945$539
29 years$3,385$2,457$1,752$1,230$853$475
30 years$3,237$2,320$1,632$1,129$771$419
31 years$3,098$2,193$1,521$1,037$697$369
32 years$2,969$2,075$1,419$953$630$325
33 years$2,847$1,965$1,325$876$570$287
34 years$2,734$1,863$1,238$806$517$253
35 years$2,626$1,767$1,158$742$468$224
36 years$2,525$1,677$1,083$683$424$197
37 years$2,430$1,593$1,014$630$384$174
38 years$2,340$1,514$949$580$348$154
39 years$2,255$1,439$889$535$316$136
40 years$2,174$1,369$833$494$286$120
41 years$2,097$1,304$782$455$260$106
42 years$2,024$1,241$733$420$236$94
43 years$1,955$1,183$688$388$214$83
44 years$1,889$1,128$646$358$194$73
45 years$1,826$1,075$606$331$176$65
46 years$1,766$1,026$569$306$160$57
47 years$1,709$979$535$282$145$51
48 years$1,655$934$503$261$132$45
49 years$1,602$892$473$241$120$39
50 years$1,552$852$444$223$109$35

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 $2,711 every year, while hoping to spend $51,480 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: 53/41/6 Blend
49$1,590,000$1,590,000$1,590,000$1,590,000
50$1,754,976$1,670,706$1,646,061$1,845,425
51$1,879,210$1,697,797$1,646,430$1,934,043
52$2,014,389$1,724,489$1,645,086$2,024,525
53$2,161,578$1,750,710$1,641,917$2,121,707
54$2,321,943$1,776,379$1,636,806$2,226,234
55$2,496,773$1,801,413$1,629,630$2,338,811
56$2,687,481$1,825,720$1,620,260$2,460,218
57$2,895,627$1,849,203$1,608,562$2,591,316
58$3,122,926$1,871,759$1,594,394$2,733,052
59$3,371,266$1,893,276$1,577,607$2,886,474
60$3,642,724$1,913,636$1,558,046$3,052,735
61$3,939,591$1,932,713$1,535,550$3,233,106
62$4,264,385$1,950,372$1,509,947$3,428,992
63$4,619,882$1,966,470$1,481,059$3,641,940
64$5,009,136$1,980,852$1,448,700$3,873,658
65$5,435,511$1,993,358$1,412,675$4,126,028
66$5,902,713$2,003,813$1,372,780$4,401,127
67$6,414,823$2,012,032$1,328,801$4,701,247
68$6,976,334$2,017,820$1,280,515$5,028,914
69$7,592,195$2,020,969$1,227,687$5,386,915
70$8,267,859$2,021,257$1,170,075$5,778,324
71$9,009,331$2,018,448$1,107,422$6,206,532
72$9,823,224$2,012,294$1,039,463$6,675,278
73$10,716,825$2,002,528$965,917$7,188,686
74$11,698,160$1,988,871$886,494$7,751,305
75$12,776,070$1,971,023$800,889$8,368,153
76$13,960,294$1,948,669$708,784$9,044,762
77$15,261,563$1,921,472$609,847$9,787,235
78$16,691,697$1,889,079$503,732$10,602,301
79$18,263,719$1,851,113$390,075$11,497,383
80$19,991,975$1,807,174$268,500$12,480,664
81$21,892,272$1,756,841$138,610$13,561,173
82$23,982,024$1,699,666$0$14,748,861
83$26,280,418$1,635,178$0$16,054,706
84$28,808,594$1,562,875$0$17,500,281
85$31,589,842$1,482,227$0$19,090,079
86$34,649,825$1,392,675$0$20,838,848
87$38,016,818$1,293,627$0$22,762,846
88$41,721,974$1,184,455$0$24,880,000
89$45,799,620$1,064,498$0$27,210,075
90$50,287,580$933,057$0$29,774,860
91$55,227,527$789,391$0$32,598,379
92$60,665,384$632,721$0$35,707,115
93$66,651,749$462,219$0$39,130,268
94$73,242,375$277,016$0$42,900,025
95$80,498,698$76,191$0$47,051,872
96$88,488,413$0$0$51,624,931
97$97,286,112$0$0$56,726,043
98$106,973,990$0$0$62,381,356
99$117,642,620$0$0$68,609,393
100$129,391,805$0$0$75,468,442