Can I retire at age 50 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$127,172$126,039$124,934$123,855$122,802$118,634
2 years$62,956$61,784$60,647$59,546$58,477$54,319
3 years$41,554$40,376$39,243$38,152$37,100$33,084
4 years$30,855$29,681$28,559$27,486$26,460$22,616
5 years$24,437$23,270$22,163$21,112$20,115$16,452
6 years$20,160$19,002$17,911$16,883$15,916$12,438
7 years$17,106$15,958$14,884$13,881$12,944$9,651
8 years$14,817$13,679$12,623$11,644$10,738$7,627
9 years$13,037$11,910$10,872$9,918$9,043$6,110
10 years$11,614$10,498$9,478$8,550$7,705$4,945
11 years$10,451$9,346$8,345$7,441$6,627$4,035
12 years$9,482$8,388$7,406$6,527$5,743$3,313
13 years$8,663$7,580$6,617$5,762$5,008$2,733
14 years$7,961$6,890$5,945$5,115$4,390$2,264
15 years$7,354$6,295$5,368$4,562$3,865$1,882
16 years$6,823$5,775$4,866$4,084$3,416$1,569
17 years$6,355$5,319$4,428$3,670$3,029$1,310
18 years$5,939$4,915$4,042$3,307$2,693$1,096
19 years$5,568$4,555$3,701$2,988$2,400$919
20 years$5,234$4,233$3,396$2,707$2,144$771
21 years$4,932$3,943$3,124$2,456$1,919$648
22 years$4,658$3,680$2,879$2,233$1,720$544
23 years$4,409$3,442$2,658$2,034$1,544$458
24 years$4,180$3,225$2,459$1,855$1,388$386
25 years$3,970$3,026$2,277$1,694$1,249$325
26 years$3,777$2,844$2,112$1,549$1,125$274
27 years$3,598$2,677$1,961$1,418$1,014$231
28 years$3,432$2,522$1,823$1,299$915$195
29 years$3,278$2,380$1,697$1,191$826$164
30 years$3,135$2,247$1,580$1,093$747$138
31 years$3,001$2,124$1,473$1,004$675$117
32 years$2,875$2,010$1,375$923$611$99
33 years$2,758$1,904$1,283$849$553$83
34 years$2,648$1,804$1,199$781$500$70
35 years$2,544$1,711$1,121$719$453$59
36 years$2,446$1,624$1,049$662$411$50
37 years$2,354$1,543$982$610$372$42
38 years$2,266$1,466$919$562$337$36
39 years$2,184$1,394$861$518$306$30
40 years$2,105$1,326$807$478$277$25
41 years$2,031$1,263$757$441$252$21
42 years$1,961$1,202$710$407$228$18
43 years$1,894$1,146$666$376$207$15
44 years$1,830$1,092$625$347$188$13
45 years$1,769$1,041$587$320$171$11
46 years$1,711$993$552$296$155$9
47 years$1,656$948$518$273$141$8
48 years$1,603$905$487$253$128$7
49 years$1,552$864$458$234$116$6
50 years$1,504$826$430$216$106$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,540,000, adding $6,803 every year, while hoping to spend $43,282 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: 35/48/17 Blend
49$1,540,000$1,540,000$1,540,000$1,540,000
50$1,704,097$1,622,477$1,598,607$1,754,632
51$1,831,864$1,655,927$1,606,109$1,825,517
52$1,971,211$1,689,565$1,612,411$1,897,402
53$2,123,276$1,723,355$1,617,428$1,974,046
54$2,289,308$1,757,257$1,621,070$2,055,895
55$2,470,683$1,791,229$1,623,242$2,143,442
56$2,668,917$1,825,223$1,623,844$2,237,229
57$2,885,676$1,859,188$1,622,772$2,337,857
58$3,122,797$1,893,071$1,619,917$2,445,987
59$3,382,302$1,926,811$1,615,165$2,562,349
60$3,666,418$1,960,346$1,608,393$2,687,749
61$3,977,596$1,993,606$1,599,478$2,823,076
62$4,318,535$2,026,517$1,588,285$2,969,310
63$4,692,211$2,059,001$1,574,677$3,127,534
64$5,101,896$2,090,972$1,558,509$3,298,944
65$5,551,198$2,122,339$1,539,628$3,484,857
66$6,044,090$2,153,003$1,517,875$3,686,729
67$6,584,947$2,182,860$1,493,084$3,906,165
68$7,178,589$2,211,797$1,465,079$4,144,937
69$7,830,324$2,239,694$1,433,678$4,405,001
70$8,546,001$2,266,423$1,398,691$4,688,514
71$9,332,062$2,291,847$1,359,916$4,997,856
72$10,195,604$2,315,819$1,317,145$5,335,656
73$11,144,445$2,338,184$1,270,159$5,704,810
74$12,187,198$2,358,774$1,218,728$6,108,518
75$13,333,351$2,377,413$1,162,615$6,550,307
76$14,593,359$2,393,912$1,101,568$7,034,072
77$15,978,737$2,408,069$1,035,326$7,564,107
78$17,502,174$2,419,671$963,616$8,145,150
79$19,177,651$2,428,490$886,152$8,782,430
80$21,020,570$2,434,284$802,636$9,481,712
81$23,047,900$2,436,796$712,757$10,249,359
82$25,278,340$2,435,754$616,188$11,092,386
83$27,732,491$2,430,866$512,591$12,018,536
84$30,433,052$2,421,824$401,609$13,036,345
85$33,405,033$2,408,304$282,872$14,155,231
86$36,675,992$2,389,956$155,994$15,385,580
87$40,276,293$2,366,414$20,571$16,738,848
88$44,239,395$2,337,289$0$18,227,670
89$48,602,164$2,302,166$0$19,888,463
90$53,405,220$2,260,608$0$21,719,555
91$58,693,327$2,212,152$0$23,734,240
92$64,515,804$2,156,305$0$25,951,294
93$70,927,000$2,092,548$0$28,391,416
94$77,986,802$2,020,331$0$31,077,427
95$85,761,199$1,939,070$0$34,034,486
96$94,322,906$1,848,150$0$37,290,327
97$103,752,050$1,746,917$0$40,875,527
98$114,136,926$1,634,682$0$44,823,792
99$125,574,827$1,510,717$0$49,172,281
100$138,172,967$1,374,249$0$53,961,956