Can I retire at age 50 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$132,952$131,768$130,613$129,485$128,384$124,523
2 years$65,818$64,592$63,404$62,252$61,135$57,278
3 years$43,443$42,212$41,027$39,886$38,787$35,055
4 years$32,257$31,030$29,857$28,735$27,663$24,084
5 years$25,548$24,328$23,170$22,072$21,029$17,613
6 years$21,076$19,866$18,725$17,651$16,639$13,389
7 years$17,884$16,683$15,561$14,512$13,532$10,448
8 years$15,490$14,300$13,197$12,173$11,226$8,306
9 years$13,630$12,451$11,366$10,369$9,454$6,694
10 years$12,142$10,975$9,909$8,938$8,055$5,453
11 years$10,926$9,770$8,724$7,779$6,928$4,477
12 years$9,913$8,769$7,742$6,823$6,004$3,701
13 years$9,056$7,925$6,917$6,024$5,235$3,074
14 years$8,323$7,204$6,215$5,347$4,589$2,565
15 years$7,688$6,581$5,611$4,769$4,041$2,147
16 years$7,133$6,038$5,088$4,270$3,571$1,802
17 years$6,644$5,560$4,630$3,837$3,166$1,516
18 years$6,209$5,138$4,226$3,458$2,815$1,278
19 years$5,821$4,762$3,869$3,124$2,509$1,079
20 years$5,472$4,425$3,551$2,830$2,242$913
21 years$5,157$4,122$3,266$2,568$2,006$773
22 years$4,870$3,847$3,010$2,335$1,798$655
23 years$4,609$3,598$2,779$2,126$1,614$555
24 years$4,370$3,372$2,570$1,939$1,451$471
25 years$4,151$3,164$2,381$1,771$1,305$400
26 years$3,949$2,974$2,208$1,619$1,176$340
27 years$3,762$2,799$2,050$1,482$1,060$289
28 years$3,588$2,637$1,906$1,358$957$245
29 years$3,427$2,488$1,774$1,245$864$209
30 years$3,277$2,349$1,652$1,143$780$178
31 years$3,137$2,221$1,540$1,050$706$151
32 years$3,006$2,102$1,437$965$638$129
33 years$2,883$1,990$1,342$887$578$109
34 years$2,768$1,886$1,254$816$523$93
35 years$2,659$1,789$1,172$751$474$79
36 years$2,557$1,698$1,096$692$429$67
37 years$2,461$1,613$1,026$638$389$57
38 years$2,369$1,533$961$588$353$49
39 years$2,283$1,457$900$542$320$42
40 years$2,201$1,387$844$500$290$35
41 years$2,123$1,320$791$461$263$30
42 years$2,050$1,257$742$426$239$26
43 years$1,980$1,198$697$393$217$22
44 years$1,913$1,142$654$363$197$19
45 years$1,849$1,089$614$335$179$16
46 years$1,789$1,039$577$309$162$14
47 years$1,731$991$542$286$147$12
48 years$1,675$946$509$264$134$10
49 years$1,623$904$479$244$121$8
50 years$1,572$863$450$226$110$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,610,000, adding $6,267 every year, while hoping to spend $47,915 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: 55/20/25 Blend
49$1,610,000$1,610,000$1,610,000$1,610,000
50$1,780,684$1,695,354$1,670,399$1,866,067
51$1,911,333$1,727,446$1,675,377$1,957,539
52$2,053,702$1,759,503$1,678,915$2,051,588
53$2,208,936$1,791,475$1,680,915$2,153,023
54$2,378,295$1,823,305$1,681,273$2,262,569
55$2,563,166$1,854,933$1,679,881$2,381,026
56$2,765,077$1,886,292$1,676,624$2,509,276
57$2,985,706$1,917,312$1,671,383$2,648,293
58$3,226,906$1,947,918$1,664,032$2,799,150
59$3,490,713$1,978,028$1,654,439$2,963,030
60$3,779,370$2,007,555$1,642,467$3,141,239
61$4,095,347$2,036,407$1,627,971$3,335,218
62$4,441,363$2,064,482$1,610,799$3,546,555
63$4,820,415$2,091,674$1,590,794$3,777,002
64$5,235,800$2,117,869$1,567,788$4,028,491
65$5,691,150$2,142,944$1,541,608$4,303,154
66$6,190,468$2,166,768$1,512,072$4,603,342
67$6,738,159$2,189,203$1,478,989$4,931,646
68$7,339,076$2,210,099$1,442,161$5,290,926
69$7,998,566$2,229,298$1,401,378$5,684,336
70$8,722,518$2,246,632$1,356,422$6,115,353
71$9,517,418$2,261,920$1,307,065$6,587,811
72$10,390,411$2,274,970$1,253,068$7,105,941
73$11,349,370$2,285,581$1,194,183$7,674,407
74$12,402,965$2,293,534$1,130,147$8,298,350
75$13,560,750$2,298,599$1,060,690$8,983,443
76$14,833,248$2,300,532$985,524$9,735,940
77$16,232,054$2,299,073$904,354$10,562,737
78$17,769,942$2,293,946$816,868$11,471,438
79$19,460,983$2,284,857$722,741$12,470,427
80$21,320,684$2,271,495$621,634$13,568,949
81$23,366,127$2,253,532$513,191$14,777,198
82$25,616,134$2,230,616$397,045$16,106,412
83$28,091,441$2,202,378$272,807$17,568,983
84$30,814,896$2,168,423$140,075$19,178,573
85$33,811,675$2,128,335$0$20,950,244
86$37,109,516$2,081,674$0$22,901,023
87$40,738,982$2,027,971$0$25,088,700
88$44,733,749$1,966,732$0$27,496,177
89$49,130,922$1,897,433$0$30,145,834
90$53,971,389$1,819,520$0$33,062,334
91$59,300,200$1,732,406$0$36,272,859
92$65,166,998$1,635,471$0$39,807,365
93$71,626,481$1,528,059$0$43,698,869
94$78,738,924$1,409,475$0$47,983,754
95$86,570,742$1,278,988$0$52,702,121
96$95,195,120$1,135,820$0$57,898,163
97$104,692,700$979,153$0$63,620,584
98$115,152,346$808,122$0$69,923,061
99$126,671,976$621,811$0$76,864,751
100$139,359,493$419,255$0$84,510,849