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%17.3%
1 years$132,127$130,950$129,801$128,681$127,586$123,800
2 years$65,409$64,191$63,010$61,866$60,755$56,972
3 years$43,173$41,950$40,772$39,638$38,546$34,884
4 years$32,057$30,837$29,671$28,557$27,491$23,979
5 years$25,389$24,177$23,026$21,934$20,898$17,545
6 years$20,945$19,742$18,609$17,541$16,536$13,345
7 years$17,773$16,579$15,464$14,422$13,448$10,419
8 years$15,394$14,212$13,115$12,098$11,157$8,288
9 years$13,545$12,374$11,296$10,305$9,396$6,684
10 years$12,067$10,907$9,848$8,883$8,005$5,448
11 years$10,858$9,710$8,670$7,731$6,885$4,476
12 years$9,851$8,715$7,694$6,781$5,966$3,702
13 years$9,000$7,876$6,874$5,986$5,203$3,078
14 years$8,271$7,159$6,177$5,314$4,561$2,569
15 years$7,640$6,540$5,577$4,739$4,016$2,152
16 years$7,089$6,000$5,056$4,243$3,549$1,808
17 years$6,602$5,526$4,601$3,813$3,147$1,522
18 years$6,171$5,106$4,200$3,436$2,798$1,284
19 years$5,785$4,732$3,845$3,105$2,494$1,085
20 years$5,438$4,398$3,529$2,812$2,228$918
21 years$5,124$4,096$3,246$2,552$1,993$778
22 years$4,840$3,824$2,991$2,320$1,787$660
23 years$4,581$3,576$2,762$2,113$1,604$560
24 years$4,343$3,351$2,554$1,927$1,442$475
25 years$4,125$3,144$2,366$1,760$1,297$404
26 years$3,924$2,955$2,194$1,609$1,169$344
27 years$3,738$2,781$2,038$1,473$1,054$292
28 years$3,566$2,621$1,894$1,350$951$249
29 years$3,406$2,472$1,763$1,238$858$212
30 years$3,257$2,335$1,642$1,136$776$180
31 years$3,118$2,207$1,531$1,043$701$153
32 years$2,987$2,088$1,428$959$634$131
33 years$2,865$1,978$1,333$882$574$111
34 years$2,751$1,875$1,246$811$520$95
35 years$2,643$1,778$1,165$747$471$81
36 years$2,541$1,688$1,090$688$427$69
37 years$2,445$1,603$1,020$634$387$59
38 years$2,355$1,523$955$584$350$50
39 years$2,269$1,448$895$539$318$43
40 years$2,187$1,378$839$497$288$36
41 years$2,110$1,312$786$458$262$31
42 years$2,037$1,249$738$423$237$26
43 years$1,967$1,190$692$390$215$22
44 years$1,901$1,135$650$361$195$19
45 years$1,838$1,082$610$333$177$16
46 years$1,778$1,032$573$308$161$14
47 years$1,720$985$538$284$146$12
48 years$1,665$940$506$263$133$10
49 years$1,612$898$476$243$121$9
50 years$1,562$858$447$224$110$7

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 $4,395 every year, while hoping to spend $22,792 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: 45/41/14 Blend
49$1,600,000$1,600,000$1,600,000$1,600,000
50$1,767,733$1,682,933$1,658,133$1,840,027
51$1,923,792$1,741,147$1,689,430$1,949,016
52$2,095,004$1,801,448$1,721,012$2,064,479
53$2,282,892$1,863,917$1,752,863$2,189,184
54$2,489,132$1,928,634$1,784,969$2,323,995
55$2,715,570$1,995,683$1,817,312$2,469,862
56$2,964,240$2,065,154$1,849,874$2,627,828
57$3,237,382$2,137,136$1,882,634$2,799,041
58$3,537,464$2,211,725$1,915,572$2,984,763
59$3,867,206$2,289,020$1,948,664$3,186,381
60$4,229,603$2,369,123$1,981,886$3,405,421
61$4,627,954$2,452,142$2,015,211$3,643,562
62$5,065,895$2,538,187$2,048,610$3,902,651
63$5,547,432$2,627,374$2,082,054$4,184,718
64$6,076,977$2,719,822$2,115,510$4,492,000
65$6,659,393$2,815,657$2,148,944$4,826,956
66$7,300,035$2,915,009$2,182,318$5,192,293
67$8,004,807$3,018,013$2,215,594$5,590,991
68$8,780,211$3,124,809$2,248,730$6,026,329
69$9,633,412$3,235,544$2,281,682$6,501,916
70$10,572,305$3,350,370$2,314,403$7,021,728
71$11,605,587$3,469,446$2,346,842$7,590,137
72$12,742,844$3,592,936$2,378,949$8,211,960
73$13,994,636$3,721,011$2,410,665$8,892,500
74$15,372,599$3,853,851$2,441,933$9,637,596
75$16,889,556$3,991,642$2,472,689$10,453,678
76$18,559,634$4,134,576$2,502,868$11,347,824
77$20,398,402$4,282,855$2,532,399$12,327,832
78$22,423,013$4,436,689$2,561,208$13,402,289
79$24,652,369$4,596,295$2,589,218$14,580,649
80$27,107,300$4,761,903$2,616,345$15,873,329
81$29,810,755$4,933,747$2,642,504$17,291,799
82$32,788,026$5,112,074$2,667,602$18,848,693
83$36,066,981$5,297,142$2,691,542$20,557,927
84$39,678,328$5,489,217$2,714,224$22,434,831
85$43,655,907$5,688,578$2,735,540$24,496,291
86$48,037,007$5,895,516$2,755,378$26,760,905
87$52,862,716$6,110,331$2,773,618$29,249,163
88$58,178,315$6,333,339$2,790,136$31,983,637
89$64,033,699$6,564,868$2,804,801$34,989,192
90$70,483,849$6,805,259$2,817,475$38,293,221
91$77,589,354$7,054,870$2,828,013$41,925,901
92$85,416,980$7,314,070$2,836,262$45,920,480
93$94,040,299$7,583,246$2,842,064$50,313,586
94$103,540,386$7,862,802$2,845,250$55,145,573
95$114,006,583$8,153,157$2,845,644$60,460,901
96$125,537,342$8,454,749$2,843,060$66,308,554
97$138,241,155$8,768,036$2,837,307$72,742,502
98$152,237,575$9,093,492$2,828,179$79,822,206
99$167,658,348$9,431,614$2,815,463$87,613,182
100$184,648,656$9,782,918$2,798,937$96,187,616