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%11.5%
1 years$131,301$130,131$128,990$127,876$126,789$125,990
2 years$65,000$63,790$62,617$61,479$60,376$59,570
3 years$42,903$41,687$40,517$39,390$38,305$37,517
4 years$31,857$30,645$29,486$28,378$27,319$26,555
5 years$25,231$24,026$22,882$21,797$20,768$20,030
6 years$20,815$19,619$18,492$17,432$16,433$15,722
7 years$17,662$16,476$15,367$14,331$13,364$12,682
8 years$15,298$14,123$13,033$12,022$11,087$10,432
9 years$13,460$12,296$11,225$10,240$9,337$8,709
10 years$11,991$10,839$9,786$8,827$7,955$7,355
11 years$10,790$9,649$8,616$7,682$6,842$6,268
12 years$9,790$8,661$7,646$6,738$5,929$5,382
13 years$8,944$7,827$6,831$5,949$5,170$4,648
14 years$8,220$7,114$6,138$5,281$4,532$4,035
15 years$7,593$6,499$5,542$4,710$3,991$3,518
16 years$7,044$5,963$5,024$4,217$3,527$3,078
17 years$6,561$5,491$4,572$3,789$3,127$2,702
18 years$6,132$5,074$4,174$3,415$2,781$2,377
19 years$5,749$4,703$3,821$3,085$2,478$2,097
20 years$5,404$4,370$3,507$2,794$2,214$1,853
21 years$5,092$4,071$3,225$2,536$1,981$1,640
22 years$4,810$3,800$2,973$2,306$1,776$1,454
23 years$4,552$3,554$2,745$2,100$1,594$1,291
24 years$4,316$3,330$2,538$1,915$1,433$1,147
25 years$4,099$3,125$2,351$1,749$1,289$1,020
26 years$3,900$2,937$2,180$1,599$1,161$908
27 years$3,715$2,764$2,025$1,464$1,047$810
28 years$3,544$2,604$1,882$1,341$945$722
29 years$3,385$2,457$1,752$1,230$853$644
30 years$3,237$2,320$1,632$1,129$771$575
31 years$3,098$2,193$1,521$1,037$697$514
32 years$2,969$2,075$1,419$953$630$459
33 years$2,847$1,965$1,325$876$570$410
34 years$2,734$1,863$1,238$806$517$367
35 years$2,626$1,767$1,158$742$468$328
36 years$2,525$1,677$1,083$683$424$294
37 years$2,430$1,593$1,014$630$384$263
38 years$2,340$1,514$949$580$348$235
39 years$2,255$1,439$889$535$316$211
40 years$2,174$1,369$833$494$286$189
41 years$2,097$1,304$782$455$260$169
42 years$2,024$1,241$733$420$236$151
43 years$1,955$1,183$688$388$214$136
44 years$1,889$1,128$646$358$194$121
45 years$1,826$1,075$606$331$176$109
46 years$1,766$1,026$569$306$160$98
47 years$1,709$979$535$282$145$87
48 years$1,655$934$503$261$132$78
49 years$1,602$892$473$241$120$70
50 years$1,552$852$444$223$109$63

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 $5,491 every year, while hoping to spend $52,407 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: 43/28/29 Blend
49$1,590,000$1,590,000$1,590,000$1,590,000
50$1,757,844$1,673,574$1,648,929$1,818,362
51$1,881,383$1,699,818$1,648,407$1,888,588
52$2,015,767$1,725,592$1,646,112$1,959,268
53$2,162,047$1,750,818$1,641,928$2,034,861
54$2,321,378$1,775,410$1,635,735$2,115,854
55$2,495,033$1,799,280$1,627,406$2,202,787
56$2,684,412$1,822,330$1,616,810$2,296,255
57$2,891,057$1,844,459$1,603,809$2,396,916
58$3,116,664$1,865,557$1,588,255$2,505,500
59$3,363,101$1,885,506$1,569,999$2,622,811
60$3,632,423$1,904,182$1,548,880$2,749,740
61$3,926,894$1,921,451$1,524,731$2,887,268
62$4,249,006$1,937,171$1,497,378$3,036,485
63$4,601,503$1,951,190$1,466,639$3,198,590
64$4,987,406$1,963,348$1,432,321$3,374,911
65$5,410,043$1,973,473$1,394,225$3,566,914
66$5,873,077$1,981,383$1,352,141$3,776,220
67$6,380,543$1,986,884$1,305,850$4,004,618
68$6,936,886$1,989,768$1,255,124$4,254,084
69$7,547,000$1,989,819$1,199,722$4,526,804
70$8,216,276$1,986,802$1,139,395$4,825,186
71$8,950,652$1,980,471$1,073,880$5,151,896
72$9,756,669$1,970,564$1,002,905$5,509,872
73$10,641,530$1,956,803$926,183$5,902,362
74$11,613,172$1,938,892$843,416$6,332,951
75$12,680,336$1,916,519$754,292$6,805,596
76$13,852,655$1,889,352$658,485$7,324,665
77$15,140,735$1,857,040$555,654$7,894,981
78$16,556,266$1,819,211$445,444$8,521,867
79$18,112,123$1,775,471$327,485$9,211,196
80$19,822,492$1,725,401$201,388$9,969,454
81$21,703,001$1,668,560$66,749$10,803,793
82$23,770,868$1,604,480$0$11,722,111
83$26,045,063$1,532,667$0$12,756,925
84$28,546,488$1,452,596$0$13,917,630
85$31,298,170$1,363,713$0$15,194,300
86$34,325,482$1,265,434$0$16,598,783
87$37,656,379$1,157,138$0$18,144,145
88$41,321,663$1,038,171$0$19,844,787
89$45,355,273$907,841$0$21,716,586
90$49,794,602$765,418$0$23,777,048
91$54,680,856$610,128$0$26,045,468
92$60,059,435$441,155$0$28,543,119
93$65,980,364$257,639$0$31,293,452
94$72,498,767$58,668$0$34,322,319
95$79,675,381$0$0$37,658,217
96$87,577,135$0$0$41,380,849
97$96,277,776$0$0$45,500,003
98$105,858,567$0$0$50,036,108
99$116,409,053$0$0$55,031,591
100$128,027,906$0$0$60,533,206