Can I retire at age 50 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$128,823$127,676$126,556$125,464$124,397$121,885
2 years$63,774$62,586$61,435$60,319$59,236$56,717
3 years$42,094$40,901$39,753$38,647$37,582$35,133
4 years$31,256$30,066$28,930$27,843$26,804$24,445
5 years$24,754$23,572$22,451$21,386$20,376$18,113
6 years$20,422$19,249$18,143$17,103$16,123$13,959
7 years$17,328$16,165$15,077$14,061$13,112$11,048
8 years$15,009$13,856$12,787$11,795$10,878$8,912
9 years$13,206$12,064$11,013$10,047$9,161$7,292
10 years$11,765$10,634$9,602$8,661$7,805$6,032
11 years$10,586$9,467$8,453$7,537$6,713$5,033
12 years$9,605$8,497$7,502$6,611$5,817$4,229
13 years$8,775$7,679$6,702$5,837$5,073$3,572
14 years$8,065$6,980$6,022$5,181$4,447$3,032
15 years$7,449$6,376$5,437$4,621$3,915$2,583
16 years$6,911$5,850$4,930$4,137$3,460$2,207
17 years$6,437$5,388$4,486$3,717$3,068$1,891
18 years$6,016$4,979$4,095$3,350$2,728$1,624
19 years$5,640$4,614$3,749$3,027$2,432$1,397
20 years$5,302$4,288$3,440$2,742$2,172$1,204
21 years$4,996$3,994$3,164$2,488$1,944$1,039
22 years$4,719$3,728$2,917$2,262$1,742$898
23 years$4,466$3,487$2,693$2,060$1,564$776
24 years$4,235$3,267$2,491$1,879$1,406$672
25 years$4,022$3,066$2,307$1,716$1,265$582
26 years$3,826$2,881$2,139$1,569$1,139$504
27 years$3,645$2,712$1,987$1,436$1,027$437
28 years$3,477$2,555$1,847$1,316$927$379
29 years$3,321$2,411$1,719$1,207$837$329
30 years$3,175$2,276$1,601$1,108$756$286
31 years$3,040$2,152$1,492$1,017$684$248
32 years$2,913$2,036$1,392$935$618$216
33 years$2,794$1,928$1,300$860$560$188
34 years$2,682$1,828$1,215$791$507$163
35 years$2,577$1,733$1,136$728$459$142
36 years$2,478$1,645$1,062$671$416$123
37 years$2,384$1,563$994$618$377$107
38 years$2,296$1,485$931$569$342$93
39 years$2,212$1,412$872$525$310$81
40 years$2,133$1,344$818$484$281$70
41 years$2,058$1,279$767$447$255$61
42 years$1,986$1,218$719$412$231$53
43 years$1,918$1,161$675$381$210$46
44 years$1,854$1,106$634$351$191$40
45 years$1,792$1,055$595$325$173$35
46 years$1,733$1,006$559$300$157$31
47 years$1,677$960$525$277$143$27
48 years$1,623$917$493$256$130$23
49 years$1,572$875$464$237$118$20
50 years$1,523$836$436$219$107$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,560,000, adding $6,110 every year, while hoping to spend $55,008 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: 40/43/17 Blend
49$1,560,000$1,560,000$1,560,000$1,560,000
50$1,725,422$1,642,742$1,618,562$1,785,506
51$1,842,887$1,664,709$1,614,256$1,850,816
52$1,970,490$1,685,908$1,607,962$1,915,644
53$2,109,207$1,706,244$1,599,555$1,984,615
54$2,260,111$1,725,615$1,588,905$2,058,133
55$2,424,384$1,743,911$1,575,875$2,136,645
56$2,603,325$1,761,017$1,560,322$2,220,646
57$2,798,366$1,776,809$1,542,094$2,310,686
58$3,011,080$1,791,153$1,521,035$2,407,371
59$3,243,201$1,803,910$1,496,980$2,511,372
60$3,496,634$1,814,929$1,469,756$2,623,433
61$3,773,481$1,824,051$1,439,183$2,744,375
62$4,076,052$1,831,105$1,405,072$2,875,107
63$4,406,893$1,835,912$1,367,224$3,016,635
64$4,768,804$1,838,280$1,325,434$3,170,072
65$5,164,871$1,838,005$1,279,485$3,336,647
66$5,598,490$1,834,870$1,229,151$3,517,722
67$6,073,403$1,828,645$1,174,195$3,714,799
68$6,593,729$1,819,088$1,114,369$3,929,541
69$7,164,005$1,805,938$1,049,416$4,163,786
70$7,789,227$1,788,923$979,064$4,419,566
71$8,474,898$1,767,750$903,033$4,699,126
72$9,227,079$1,742,111$821,026$5,004,946
73$10,052,447$1,711,681$732,736$5,339,768
74$10,958,355$1,676,111$637,841$5,706,622
75$11,952,903$1,635,036$536,005$6,108,853
76$13,045,014$1,588,068$426,875$6,550,158
77$14,244,516$1,534,795$310,087$7,034,620
78$15,562,239$1,474,782$185,258$7,566,750
79$17,010,111$1,407,569$51,987$8,151,527
80$18,601,272$1,332,669$0$8,794,451
81$20,350,199$1,249,568$0$9,517,963
82$22,272,842$1,157,719$0$10,323,529
83$24,386,772$1,056,548$0$11,209,193
84$26,711,350$945,446$0$12,183,214
85$29,267,905$823,770$0$13,254,704
86$32,079,935$690,839$0$14,433,714
87$35,173,334$545,936$0$15,731,332
88$38,576,629$388,301$0$17,159,792
89$42,321,252$217,135$0$18,732,585
90$46,441,836$31,590$0$20,464,597
91$50,976,539$0$0$22,372,244
92$55,967,407$0$0$24,553,706
93$61,460,769$0$0$26,971,503
94$67,507,671$0$0$29,633,185
95$74,164,361$0$0$32,563,542
96$81,492,817$0$0$35,789,890
97$89,561,332$0$0$39,342,329
98$98,445,157$0$0$43,254,025
99$108,227,212$0$0$47,561,526
100$118,998,867$0$0$52,305,103