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%19.5%
1 years$131,301$130,131$128,990$127,876$126,789$121,951
2 years$65,000$63,790$62,617$61,479$60,376$55,559
3 years$42,903$41,687$40,517$39,390$38,305$33,660
4 years$31,857$30,645$29,486$28,378$27,319$22,882
5 years$25,231$24,026$22,882$21,797$20,768$16,550
6 years$20,815$19,619$18,492$17,432$16,433$12,437
7 years$17,662$16,476$15,367$14,331$13,364$9,589
8 years$15,298$14,123$13,033$12,022$11,087$7,529
9 years$13,460$12,296$11,225$10,240$9,337$5,991
10 years$11,991$10,839$9,786$8,827$7,955$4,815
11 years$10,790$9,649$8,616$7,682$6,842$3,901
12 years$9,790$8,661$7,646$6,738$5,929$3,179
13 years$8,944$7,827$6,831$5,949$5,170$2,603
14 years$8,220$7,114$6,138$5,281$4,532$2,140
15 years$7,593$6,499$5,542$4,710$3,991$1,765
16 years$7,044$5,963$5,024$4,217$3,527$1,459
17 years$6,561$5,491$4,572$3,789$3,127$1,209
18 years$6,132$5,074$4,174$3,415$2,781$1,004
19 years$5,749$4,703$3,821$3,085$2,478$834
20 years$5,404$4,370$3,507$2,794$2,214$694
21 years$5,092$4,071$3,225$2,536$1,981$578
22 years$4,810$3,800$2,973$2,306$1,776$482
23 years$4,552$3,554$2,745$2,100$1,594$402
24 years$4,316$3,330$2,538$1,915$1,433$335
25 years$4,099$3,125$2,351$1,749$1,289$280
26 years$3,900$2,937$2,180$1,599$1,161$234
27 years$3,715$2,764$2,025$1,464$1,047$195
28 years$3,544$2,604$1,882$1,341$945$163
29 years$3,385$2,457$1,752$1,230$853$136
30 years$3,237$2,320$1,632$1,129$771$114
31 years$3,098$2,193$1,521$1,037$697$95
32 years$2,969$2,075$1,419$953$630$80
33 years$2,847$1,965$1,325$876$570$67
34 years$2,734$1,863$1,238$806$517$56
35 years$2,626$1,767$1,158$742$468$47
36 years$2,525$1,677$1,083$683$424$39
37 years$2,430$1,593$1,014$630$384$33
38 years$2,340$1,514$949$580$348$27
39 years$2,255$1,439$889$535$316$23
40 years$2,174$1,369$833$494$286$19
41 years$2,097$1,304$782$455$260$16
42 years$2,024$1,241$733$420$236$13
43 years$1,955$1,183$688$388$214$11
44 years$1,889$1,128$646$358$194$9
45 years$1,826$1,075$606$331$176$8
46 years$1,766$1,026$569$306$160$7
47 years$1,709$979$535$282$145$5
48 years$1,655$934$503$261$132$5
49 years$1,602$892$473$241$120$4
50 years$1,552$852$444$223$109$3

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 $5,452 every year, while hoping to spend $36,125 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: 57/19/24 Blend
49$1,590,000$1,590,000$1,590,000$1,590,000
50$1,757,804$1,673,534$1,648,889$1,846,265
51$1,898,663$1,717,100$1,665,690$1,950,921
52$2,052,679$1,761,591$1,681,843$2,060,630
53$2,221,156$1,807,012$1,697,288$2,179,435
54$2,405,529$1,853,371$1,711,963$2,308,224
55$2,607,380$1,900,673$1,725,800$2,447,975
56$2,828,449$1,948,922$1,738,730$2,599,764
57$3,070,652$1,998,121$1,750,680$2,764,779
58$3,336,103$2,048,273$1,761,571$2,944,326
59$3,627,124$2,099,377$1,771,323$3,139,847
60$3,946,279$2,151,434$1,779,850$3,352,928
61$4,296,386$2,204,442$1,787,062$3,585,319
62$4,680,554$2,258,395$1,792,865$3,838,947
63$5,102,203$2,313,290$1,797,159$4,115,937
64$5,565,104$2,369,117$1,799,840$4,418,628
65$6,073,409$2,425,869$1,800,799$4,749,601
66$6,631,692$2,483,531$1,799,921$5,111,697
67$7,244,992$2,542,092$1,797,086$5,508,049
68$7,918,860$2,601,533$1,792,167$5,942,109
69$8,659,411$2,661,835$1,785,032$6,417,683
70$9,473,383$2,722,977$1,775,542$6,938,963
71$10,368,196$2,784,931$1,763,551$7,510,570
72$11,352,030$2,847,671$1,748,908$8,137,598
73$12,433,892$2,911,162$1,731,451$8,825,658
74$13,623,709$2,975,368$1,711,015$9,580,939
75$14,932,416$3,040,250$1,687,423$10,410,257
76$16,372,063$3,105,763$1,660,492$11,321,126
77$17,955,925$3,171,857$1,630,029$12,321,829
78$19,698,628$3,238,477$1,595,835$13,421,492
79$21,616,291$3,305,565$1,557,698$14,630,175
80$23,726,669$3,373,054$1,515,397$15,958,965
81$26,049,330$3,440,874$1,468,704$17,420,081
82$28,605,833$3,508,948$1,417,376$19,026,991
83$31,419,932$3,577,191$1,361,162$20,794,536
84$34,517,802$3,645,511$1,299,799$22,739,076
85$37,928,286$3,713,809$1,233,011$24,878,638
86$41,683,165$3,781,978$1,160,509$27,233,093
87$45,817,455$3,849,903$1,081,994$29,824,340
88$50,369,746$3,917,459$997,151$32,676,515
89$55,382,556$3,984,510$905,652$35,816,218
90$60,902,738$4,050,912$807,152$39,272,765
91$66,981,920$4,116,510$701,295$43,078,466
92$73,676,992$4,181,135$587,705$47,268,931
93$81,050,644$4,244,609$465,991$51,883,403
94$89,171,954$4,306,740$335,746$56,965,136
95$98,117,043$4,367,320$196,544$62,561,798
96$107,969,792$4,426,129$47,938$68,725,923
97$118,822,633$4,482,932$0$75,515,409
98$130,777,421$4,537,475$0$83,022,402
99$143,946,397$4,589,490$0$91,303,832
100$158,453,243$4,638,688$0$100,425,042