Can I retire at age 50 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$132,127$130,950$129,801$128,681$127,586$124,603
2 years$65,409$64,191$63,010$61,866$60,755$57,767
3 years$43,173$41,950$40,772$39,638$38,546$35,645
4 years$32,057$30,837$29,671$28,557$27,491$24,701
5 years$25,389$24,177$23,026$21,934$20,898$18,226
6 years$20,945$19,742$18,609$17,541$16,536$13,985
7 years$17,773$16,579$15,464$14,422$13,448$11,018
8 years$15,394$14,212$13,115$12,098$11,157$8,847
9 years$13,545$12,374$11,296$10,305$9,396$7,204
10 years$12,067$10,907$9,848$8,883$8,005$5,930
11 years$10,858$9,710$8,670$7,731$6,885$4,923
12 years$9,851$8,715$7,694$6,781$5,966$4,115
13 years$9,000$7,876$6,874$5,986$5,203$3,458
14 years$8,271$7,159$6,177$5,314$4,561$2,918
15 years$7,640$6,540$5,577$4,739$4,016$2,472
16 years$7,089$6,000$5,056$4,243$3,549$2,101
17 years$6,602$5,526$4,601$3,813$3,147$1,790
18 years$6,171$5,106$4,200$3,436$2,798$1,528
19 years$5,785$4,732$3,845$3,105$2,494$1,307
20 years$5,438$4,398$3,529$2,812$2,228$1,119
21 years$5,124$4,096$3,246$2,552$1,993$960
22 years$4,840$3,824$2,991$2,320$1,787$824
23 years$4,581$3,576$2,762$2,113$1,604$708
24 years$4,343$3,351$2,554$1,927$1,442$609
25 years$4,125$3,144$2,366$1,760$1,297$524
26 years$3,924$2,955$2,194$1,609$1,169$452
27 years$3,738$2,781$2,038$1,473$1,054$389
28 years$3,566$2,621$1,894$1,350$951$335
29 years$3,406$2,472$1,763$1,238$858$289
30 years$3,257$2,335$1,642$1,136$776$249
31 years$3,118$2,207$1,531$1,043$701$215
32 years$2,987$2,088$1,428$959$634$186
33 years$2,865$1,978$1,333$882$574$160
34 years$2,751$1,875$1,246$811$520$138
35 years$2,643$1,778$1,165$747$471$120
36 years$2,541$1,688$1,090$688$427$103
37 years$2,445$1,603$1,020$634$387$89
38 years$2,355$1,523$955$584$350$77
39 years$2,269$1,448$895$539$318$67
40 years$2,187$1,378$839$497$288$57
41 years$2,110$1,312$786$458$262$50
42 years$2,037$1,249$738$423$237$43
43 years$1,967$1,190$692$390$215$37
44 years$1,901$1,135$650$361$195$32
45 years$1,838$1,082$610$333$177$28
46 years$1,778$1,032$573$308$161$24
47 years$1,720$985$538$284$146$21
48 years$1,665$940$506$263$133$18
49 years$1,612$898$476$243$121$15
50 years$1,562$858$447$224$110$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,600,000, adding $5,729 every year, while hoping to spend $25,086 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: 31/49/20 Blend
49$1,600,000$1,600,000$1,600,000$1,600,000
50$1,769,109$1,684,309$1,659,509$1,812,767
51$1,922,867$1,740,149$1,688,412$1,902,002
52$2,091,468$1,797,885$1,717,441$1,995,329
53$2,276,398$1,857,582$1,746,576$2,095,266
54$2,479,297$1,919,309$1,775,793$2,202,404
55$2,701,968$1,983,139$1,805,065$2,317,390
56$2,946,401$2,049,144$1,834,366$2,440,936
57$3,214,783$2,117,402$1,863,667$2,573,824
58$3,509,528$2,187,991$1,892,937$2,716,911
59$3,833,292$2,260,995$1,922,143$2,871,142
60$4,189,003$2,336,499$1,951,249$3,037,553
61$4,579,884$2,414,590$1,980,219$3,217,284
62$5,009,489$2,495,362$2,009,014$3,411,586
63$5,481,731$2,578,909$2,037,590$3,621,838
64$6,000,922$2,665,330$2,065,903$3,849,553
65$6,571,812$2,754,727$2,093,907$4,096,399
66$7,199,635$2,847,207$2,121,551$4,364,206
67$7,890,157$2,942,879$2,148,782$4,654,991
68$8,649,732$3,041,859$2,175,545$4,970,971
69$9,485,358$3,144,263$2,201,779$5,314,586
70$10,404,749$3,250,217$2,227,423$5,688,522
71$11,416,402$3,359,846$2,252,411$6,095,733
72$12,529,681$3,473,284$2,276,672$6,539,471
73$13,754,901$3,590,668$2,300,134$7,023,318
74$15,103,430$3,712,140$2,322,717$7,551,212
75$16,587,794$3,837,848$2,344,342$8,127,492
76$18,221,792$3,967,947$2,364,921$8,756,935
77$20,020,633$4,102,594$2,384,364$9,444,797
78$22,001,073$4,241,956$2,402,575$10,196,870
79$24,181,575$4,386,205$2,419,454$11,019,528
80$26,582,484$4,535,517$2,434,895$11,919,792
81$29,226,220$4,690,080$2,448,786$12,905,392
82$32,137,485$4,850,084$2,461,010$13,984,841
83$35,343,499$5,015,729$2,471,445$15,167,517
84$38,874,259$5,187,223$2,479,962$16,463,747
85$42,762,817$5,364,780$2,486,424$17,884,903
86$47,045,594$5,548,624$2,490,689$19,443,515
87$51,762,725$5,738,987$2,492,607$21,153,382
88$56,958,435$5,936,110$2,492,022$23,029,703
89$62,681,459$6,140,243$2,488,768$25,089,221
90$68,985,500$6,351,647$2,482,674$27,350,382
91$75,929,734$6,570,591$2,473,556$29,833,501
92$83,579,373$6,797,356$2,461,227$32,560,963
93$92,006,277$7,032,234$2,445,486$35,557,425
94$101,289,632$7,275,528$2,426,124$38,850,051
95$111,516,698$7,527,553$2,402,923$42,468,768
96$122,783,634$7,788,636$2,375,654$46,446,547
97$135,196,404$8,059,118$2,344,077$50,819,712
98$148,871,774$8,339,352$2,307,941$55,628,284
99$163,938,420$8,629,705$2,266,982$60,916,355
100$180,538,138$8,930,560$2,220,925$66,732,505