Can I retire at age 50 with 1,520,000?

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 $1,520,000?

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$125,520$124,402$123,311$122,247$121,207$116,582
2 years$62,139$60,981$59,860$58,772$57,718$53,113
3 years$41,014$39,852$38,733$37,656$36,618$32,178
4 years$30,454$29,295$28,188$27,129$26,117$21,875
5 years$24,120$22,968$21,875$20,838$19,853$15,821
6 years$19,898$18,755$17,678$16,664$15,709$11,889
7 years$16,884$15,751$14,691$13,700$12,776$9,167
8 years$14,624$13,501$12,459$11,493$10,599$7,197
9 years$12,868$11,755$10,731$9,789$8,926$5,727
10 years$11,463$10,362$9,355$8,439$7,605$4,603
11 years$10,315$9,224$8,236$7,344$6,541$3,729
12 years$9,359$8,279$7,310$6,442$5,668$3,039
13 years$8,550$7,482$6,531$5,687$4,943$2,489
14 years$7,858$6,801$5,868$5,048$4,333$2,046
15 years$7,258$6,213$5,298$4,502$3,815$1,688
16 years$6,734$5,700$4,803$4,031$3,372$1,395
17 years$6,272$5,250$4,371$3,622$2,989$1,156
18 years$5,862$4,851$3,990$3,264$2,658$959
19 years$5,495$4,496$3,653$2,950$2,369$797
20 years$5,166$4,178$3,352$2,671$2,116$663
21 years$4,868$3,891$3,083$2,424$1,894$553
22 years$4,598$3,632$2,842$2,204$1,698$461
23 years$4,352$3,397$2,624$2,008$1,524$384
24 years$4,126$3,183$2,427$1,831$1,370$321
25 years$3,919$2,987$2,248$1,672$1,232$268
26 years$3,728$2,807$2,084$1,529$1,110$224
27 years$3,551$2,642$1,936$1,399$1,001$187
28 years$3,388$2,490$1,799$1,282$903$156
29 years$3,236$2,349$1,675$1,176$815$130
30 years$3,094$2,218$1,560$1,079$737$109
31 years$2,962$2,097$1,454$991$666$91
32 years$2,838$1,984$1,357$911$603$76
33 years$2,722$1,879$1,267$838$545$64
34 years$2,613$1,781$1,184$771$494$53
35 years$2,511$1,689$1,107$709$447$45
36 years$2,414$1,603$1,035$653$405$37
37 years$2,323$1,523$969$602$367$31
38 years$2,237$1,447$907$555$333$26
39 years$2,155$1,376$850$512$302$22
40 years$2,078$1,309$797$472$274$18
41 years$2,005$1,246$747$435$248$15
42 years$1,935$1,187$701$402$225$13
43 years$1,869$1,131$658$371$205$11
44 years$1,806$1,078$617$342$186$9
45 years$1,746$1,028$580$316$169$8
46 years$1,689$981$544$292$153$6
47 years$1,634$936$511$270$139$5
48 years$1,582$893$481$249$126$4
49 years$1,532$853$452$231$115$4
50 years$1,484$815$425$213$104$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,520,000, adding $6,755 every year, while hoping to spend $34,671 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: 60/29/11 Blend
49$1,520,000$1,520,000$1,520,000$1,520,000
50$1,682,008$1,601,448$1,577,888$1,778,151
51$1,816,683$1,643,029$1,593,857$1,885,132
52$1,963,933$1,685,486$1,609,200$1,997,246
53$2,125,004$1,728,824$1,623,858$2,118,691
54$2,301,267$1,773,050$1,637,770$2,250,370
55$2,494,235$1,818,167$1,650,874$2,393,275
56$2,705,569$1,864,180$1,663,100$2,548,501
57$2,937,102$1,911,090$1,674,380$2,717,251
58$3,190,853$1,958,900$1,684,637$2,900,852
59$3,469,042$2,007,608$1,693,795$3,100,763
60$3,774,117$2,057,213$1,701,769$3,318,594
61$4,108,773$2,107,713$1,708,475$3,556,115
62$4,475,980$2,159,103$1,713,821$3,815,279
63$4,879,008$2,211,377$1,717,712$4,098,234
64$5,321,458$2,264,526$1,720,047$4,407,350
65$5,807,300$2,318,540$1,720,721$4,745,234
66$6,340,903$2,373,408$1,719,624$5,114,761
67$6,927,083$2,429,113$1,716,640$5,519,097
68$7,571,146$2,485,639$1,711,647$5,961,730
69$8,278,934$2,542,967$1,704,518$6,446,504
70$9,056,885$2,601,072$1,695,120$6,977,654
71$9,912,093$2,659,930$1,683,312$7,559,846
72$10,852,371$2,719,512$1,668,947$8,198,221
73$11,886,329$2,779,784$1,651,873$8,898,444
74$13,023,451$2,840,710$1,631,928$9,666,759
75$14,274,189$2,902,250$1,608,943$10,510,042
76$15,650,055$2,964,360$1,582,742$11,435,874
77$17,163,737$3,026,990$1,553,140$12,452,608
78$18,829,212$3,090,086$1,519,944$13,569,446
79$20,661,881$3,153,589$1,482,951$14,796,532
80$22,678,712$3,217,435$1,441,949$16,145,041
81$24,898,404$3,281,552$1,396,718$17,627,290
82$27,341,559$3,345,865$1,347,025$19,256,852
83$30,030,875$3,410,291$1,292,628$21,048,683
84$32,991,367$3,474,738$1,233,274$23,019,266
85$36,250,596$3,539,109$1,168,698$25,186,765
86$39,838,930$3,603,299$1,098,623$27,571,196
87$43,789,834$3,667,193$1,022,759$30,194,619
88$48,140,181$3,730,669$940,806$33,081,342
89$52,930,603$3,793,595$852,446$36,258,156
90$58,205,871$3,855,828$757,350$39,754,583
91$64,015,322$3,917,216$655,173$43,603,159
92$70,413,319$3,977,593$545,555$47,839,738
93$77,459,767$4,036,785$428,121$52,503,833
94$85,220,678$4,094,603$302,478$57,638,991
95$93,768,792$4,150,844$168,216$63,293,198
96$103,184,266$4,205,292$24,908$69,519,341
97$113,555,427$4,257,716$0$76,375,700
98$124,979,606$4,307,870$0$83,941,531
99$137,564,059$4,355,490$0$92,276,685
100$151,426,978$4,400,293$0$101,456,299