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%16.7%
1 years$132,127$130,950$129,801$128,681$127,586$124,099
2 years$65,409$64,191$63,010$61,866$60,755$57,268
3 years$43,173$41,950$40,772$39,638$38,546$35,167
4 years$32,057$30,837$29,671$28,557$27,491$24,247
5 years$25,389$24,177$23,026$21,934$20,898$17,797
6 years$20,945$19,742$18,609$17,541$16,536$13,581
7 years$17,773$16,579$15,464$14,422$13,448$10,640
8 years$15,394$14,212$13,115$12,098$11,157$8,493
9 years$13,545$12,374$11,296$10,305$9,396$6,875
10 years$12,067$10,907$9,848$8,883$8,005$5,624
11 years$10,858$9,710$8,670$7,731$6,885$4,639
12 years$9,851$8,715$7,694$6,781$5,966$3,852
13 years$9,000$7,876$6,874$5,986$5,203$3,215
14 years$8,271$7,159$6,177$5,314$4,561$2,695
15 years$7,640$6,540$5,577$4,739$4,016$2,267
16 years$7,089$6,000$5,056$4,243$3,549$1,913
17 years$6,602$5,526$4,601$3,813$3,147$1,618
18 years$6,171$5,106$4,200$3,436$2,798$1,371
19 years$5,785$4,732$3,845$3,105$2,494$1,164
20 years$5,438$4,398$3,529$2,812$2,228$989
21 years$5,124$4,096$3,246$2,552$1,993$842
22 years$4,840$3,824$2,991$2,320$1,787$717
23 years$4,581$3,576$2,762$2,113$1,604$612
24 years$4,343$3,351$2,554$1,927$1,442$522
25 years$4,125$3,144$2,366$1,760$1,297$446
26 years$3,924$2,955$2,194$1,609$1,169$381
27 years$3,738$2,781$2,038$1,473$1,054$325
28 years$3,566$2,621$1,894$1,350$951$278
29 years$3,406$2,472$1,763$1,238$858$238
30 years$3,257$2,335$1,642$1,136$776$204
31 years$3,118$2,207$1,531$1,043$701$174
32 years$2,987$2,088$1,428$959$634$149
33 years$2,865$1,978$1,333$882$574$128
34 years$2,751$1,875$1,246$811$520$109
35 years$2,643$1,778$1,165$747$471$94
36 years$2,541$1,688$1,090$688$427$80
37 years$2,445$1,603$1,020$634$387$69
38 years$2,355$1,523$955$584$350$59
39 years$2,269$1,448$895$539$318$50
40 years$2,187$1,378$839$497$288$43
41 years$2,110$1,312$786$458$262$37
42 years$2,037$1,249$738$423$237$32
43 years$1,967$1,190$692$390$215$27
44 years$1,901$1,135$650$361$195$23
45 years$1,838$1,082$610$333$177$20
46 years$1,778$1,032$573$308$161$17
47 years$1,720$985$538$284$146$15
48 years$1,665$940$506$263$133$13
49 years$1,612$898$476$243$121$11
50 years$1,562$858$447$224$110$9

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 $4,201 every year, while hoping to spend $20,598 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: 68/9/23 Blend
49$1,600,000$1,600,000$1,600,000$1,600,000
50$1,767,533$1,682,733$1,657,933$1,877,132
51$1,925,906$1,743,271$1,691,558$2,011,656
52$2,099,742$1,806,085$1,725,619$2,156,005
53$2,290,597$1,871,265$1,760,108$2,313,434
54$2,500,184$1,938,903$1,795,019$2,485,235
55$2,730,392$2,009,099$1,830,341$2,672,829
56$2,983,300$2,081,952$1,866,065$2,877,781
57$3,261,198$2,157,570$1,902,180$3,101,816
58$3,566,610$2,236,060$1,938,673$3,346,832
59$3,902,317$2,317,540$1,975,531$3,614,921
60$4,271,381$2,402,127$2,012,739$3,908,385
61$4,677,176$2,489,946$2,050,280$4,229,761
62$5,123,422$2,581,126$2,088,138$4,581,844
63$5,614,213$2,675,804$2,126,293$4,967,711
64$6,154,064$2,774,119$2,164,725$5,390,752
65$6,747,946$2,876,219$2,203,410$5,854,703
66$7,401,338$2,982,255$2,242,327$6,363,677
67$8,120,277$3,092,388$2,281,447$6,922,207
68$8,911,414$3,206,784$2,320,744$7,535,287
69$9,782,077$3,325,615$2,360,188$8,208,418
70$10,740,342$3,449,063$2,399,747$8,947,659
71$11,795,105$3,577,315$2,439,387$9,759,689
72$12,956,170$3,710,568$2,479,071$10,651,862
73$14,234,339$3,849,026$2,518,760$11,632,286
74$15,641,516$3,992,903$2,558,413$12,709,888
75$17,190,817$4,142,421$2,597,985$13,894,509
76$18,896,692$4,297,812$2,637,430$15,196,989
77$20,775,068$4,459,318$2,676,697$16,629,273
78$22,843,492$4,627,192$2,715,733$18,204,521
79$25,121,301$4,801,696$2,754,483$19,937,235
80$27,629,800$4,983,106$2,792,885$21,843,394
81$30,392,470$5,171,708$2,830,876$23,940,603
82$33,435,181$5,367,802$2,868,390$26,248,263
83$36,786,444$5,571,698$2,905,355$28,787,748
84$40,477,672$5,783,722$2,941,696$31,582,615
85$44,543,485$6,004,215$2,977,333$34,658,817
86$49,022,030$6,233,530$3,012,183$38,044,954
87$53,955,341$6,472,038$3,046,155$41,772,539
88$59,389,742$6,720,124$3,079,158$45,876,301
89$65,376,277$6,978,191$3,111,091$50,394,502
90$71,971,195$7,246,661$3,141,850$55,369,311
91$79,236,481$7,525,971$3,171,326$60,847,190
92$87,240,439$7,816,580$3,199,402$66,879,341
93$96,058,338$8,118,967$3,225,957$73,522,183
94$105,773,124$8,433,632$3,250,862$80,837,889
95$116,476,198$8,761,095$3,273,981$88,894,969
96$128,268,283$9,101,902$3,295,172$97,768,919
97$141,260,374$9,456,621$3,314,286$107,542,932
98$155,574,782$9,825,846$3,331,165$118,308,682
99$171,346,295$10,210,197$3,345,644$130,167,193
100$188,723,443$10,610,323$3,357,549$143,229,788