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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.4%
1 years$132,127$130,950$129,801$128,681$127,586$125,267
2 years$65,409$64,191$63,010$61,866$60,755$58,427
3 years$43,173$41,950$40,772$39,638$38,546$36,280
4 years$32,057$30,837$29,671$28,557$27,491$25,307
5 years$25,389$24,177$23,026$21,934$20,898$18,801
6 years$20,945$19,742$18,609$17,541$16,536$14,528
7 years$17,773$16,579$15,464$14,422$13,448$11,531
8 years$15,394$14,212$13,115$12,098$11,157$9,329
9 years$13,545$12,374$11,296$10,305$9,396$7,656
10 years$12,067$10,907$9,848$8,883$8,005$6,353
11 years$10,858$9,710$8,670$7,731$6,885$5,318
12 years$9,851$8,715$7,694$6,781$5,966$4,482
13 years$9,000$7,876$6,874$5,986$5,203$3,799
14 years$8,271$7,159$6,177$5,314$4,561$3,235
15 years$7,640$6,540$5,577$4,739$4,016$2,765
16 years$7,089$6,000$5,056$4,243$3,549$2,372
17 years$6,602$5,526$4,601$3,813$3,147$2,039
18 years$6,171$5,106$4,200$3,436$2,798$1,758
19 years$5,785$4,732$3,845$3,105$2,494$1,518
20 years$5,438$4,398$3,529$2,812$2,228$1,313
21 years$5,124$4,096$3,246$2,552$1,993$1,137
22 years$4,840$3,824$2,991$2,320$1,787$986
23 years$4,581$3,576$2,762$2,113$1,604$856
24 years$4,343$3,351$2,554$1,927$1,442$744
25 years$4,125$3,144$2,366$1,760$1,297$647
26 years$3,924$2,955$2,194$1,609$1,169$563
27 years$3,738$2,781$2,038$1,473$1,054$490
28 years$3,566$2,621$1,894$1,350$951$427
29 years$3,406$2,472$1,763$1,238$858$372
30 years$3,257$2,335$1,642$1,136$776$324
31 years$3,118$2,207$1,531$1,043$701$283
32 years$2,987$2,088$1,428$959$634$247
33 years$2,865$1,978$1,333$882$574$215
34 years$2,751$1,875$1,246$811$520$188
35 years$2,643$1,778$1,165$747$471$164
36 years$2,541$1,688$1,090$688$427$143
37 years$2,445$1,603$1,020$634$387$125
38 years$2,355$1,523$955$584$350$109
39 years$2,269$1,448$895$539$318$95
40 years$2,187$1,378$839$497$288$83
41 years$2,110$1,312$786$458$262$73
42 years$2,037$1,249$738$423$237$64
43 years$1,967$1,190$692$390$215$56
44 years$1,901$1,135$650$361$195$49
45 years$1,838$1,082$610$333$177$42
46 years$1,778$1,032$573$308$161$37
47 years$1,720$985$538$284$146$32
48 years$1,665$940$506$263$133$28
49 years$1,612$898$476$243$121$25
50 years$1,562$858$447$224$110$22

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 $3,267 every year, while hoping to spend $44,341 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: 75/16/9 Blend
49$1,600,000$1,600,000$1,600,000$1,600,000
50$1,766,570$1,681,770$1,656,970$1,896,167
51$1,899,582$1,716,998$1,665,300$2,017,204
52$2,044,674$1,752,466$1,672,423$2,143,869
53$2,203,034$1,788,140$1,678,251$2,281,416
54$2,375,964$1,823,980$1,682,694$2,430,910
55$2,564,903$1,859,945$1,685,655$2,593,522
56$2,771,431$1,895,990$1,687,032$2,770,542
57$2,997,289$1,932,066$1,686,720$2,963,392
58$3,244,395$1,968,120$1,684,607$3,173,636
59$3,514,859$2,004,093$1,680,577$3,402,999
60$3,811,006$2,039,925$1,674,508$3,653,380
61$4,135,395$2,075,548$1,666,271$3,926,872
62$4,490,845$2,110,890$1,655,731$4,225,780
63$4,880,461$2,145,874$1,642,748$4,552,644
64$5,307,662$2,180,415$1,627,173$4,910,263
65$5,776,213$2,214,425$1,608,853$5,301,719
66$6,290,262$2,247,807$1,587,625$5,730,409
67$6,854,378$2,280,459$1,563,320$6,200,077
68$7,473,592$2,312,269$1,535,759$6,714,846
69$8,153,449$2,343,120$1,504,757$7,279,262
70$8,900,054$2,372,886$1,470,119$7,898,332
71$9,720,133$2,401,431$1,431,642$8,577,574
72$10,621,097$2,428,612$1,389,112$9,323,068
73$11,611,109$2,454,274$1,342,308$10,141,516
74$12,699,162$2,478,254$1,290,995$11,040,300
75$13,895,164$2,500,375$1,234,931$12,027,559
76$15,210,029$2,520,452$1,173,860$13,112,257
77$16,655,784$2,538,287$1,107,516$14,304,278
78$18,245,678$2,553,666$1,035,621$15,614,510
79$19,994,307$2,566,365$957,884$17,054,952
80$21,917,754$2,576,146$874,002$18,638,830
81$24,033,741$2,582,752$783,656$20,380,717
82$26,361,789$2,585,914$686,516$22,296,674
83$28,923,412$2,585,344$582,234$24,404,399
84$31,742,311$2,580,737$470,450$26,723,399
85$34,844,602$2,571,768$350,785$29,275,168
86$38,259,061$2,558,094$222,846$32,083,395
87$42,017,394$2,539,350$86,220$35,174,188
88$46,154,539$2,515,149$0$38,576,316
89$50,708,990$2,485,080$0$42,327,208
90$55,723,166$2,448,708$0$46,465,293
91$61,243,807$2,405,572$0$51,020,835
92$67,322,415$2,355,184$0$56,036,318
93$74,015,740$2,297,028$0$61,558,560
94$81,386,318$2,230,554$0$67,639,155
95$89,503,055$2,155,184$0$74,334,956
96$98,441,882$2,070,303$0$81,708,617
97$108,286,470$1,975,264$0$89,829,183
98$119,129,016$1,869,378$0$98,772,741
99$131,071,117$1,751,919$0$108,623,137
100$144,224,727$1,622,119$0$119,472,773