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%15.6%
1 years$132,952$131,768$130,613$129,485$128,384$125,433
2 years$65,818$64,592$63,404$62,252$61,135$58,179
3 years$43,443$42,212$41,027$39,886$38,787$35,917
4 years$32,257$31,030$29,857$28,735$27,663$24,902
5 years$25,548$24,328$23,170$22,072$21,029$18,384
6 years$21,076$19,866$18,725$17,651$16,639$14,114
7 years$17,884$16,683$15,561$14,512$13,532$11,126
8 years$15,490$14,300$13,197$12,173$11,226$8,939
9 years$13,630$12,451$11,366$10,369$9,454$7,284
10 years$12,142$10,975$9,909$8,938$8,055$5,999
11 years$10,926$9,770$8,724$7,779$6,928$4,983
12 years$9,913$8,769$7,742$6,823$6,004$4,168
13 years$9,056$7,925$6,917$6,024$5,235$3,505
14 years$8,323$7,204$6,215$5,347$4,589$2,960
15 years$7,688$6,581$5,611$4,769$4,041$2,509
16 years$7,133$6,038$5,088$4,270$3,571$2,134
17 years$6,644$5,560$4,630$3,837$3,166$1,819
18 years$6,209$5,138$4,226$3,458$2,815$1,554
19 years$5,821$4,762$3,869$3,124$2,509$1,330
20 years$5,472$4,425$3,551$2,830$2,242$1,140
21 years$5,157$4,122$3,266$2,568$2,006$979
22 years$4,870$3,847$3,010$2,335$1,798$841
23 years$4,609$3,598$2,779$2,126$1,614$723
24 years$4,370$3,372$2,570$1,939$1,451$623
25 years$4,151$3,164$2,381$1,771$1,305$536
26 years$3,949$2,974$2,208$1,619$1,176$462
27 years$3,762$2,799$2,050$1,482$1,060$399
28 years$3,588$2,637$1,906$1,358$957$344
29 years$3,427$2,488$1,774$1,245$864$297
30 years$3,277$2,349$1,652$1,143$780$256
31 years$3,137$2,221$1,540$1,050$706$221
32 years$3,006$2,102$1,437$965$638$191
33 years$2,883$1,990$1,342$887$578$165
34 years$2,768$1,886$1,254$816$523$143
35 years$2,659$1,789$1,172$751$474$123
36 years$2,557$1,698$1,096$692$429$107
37 years$2,461$1,613$1,026$638$389$92
38 years$2,369$1,533$961$588$353$80
39 years$2,283$1,457$900$542$320$69
40 years$2,201$1,387$844$500$290$60
41 years$2,123$1,320$791$461$263$51
42 years$2,050$1,257$742$426$239$44
43 years$1,980$1,198$697$393$217$38
44 years$1,913$1,142$654$363$197$33
45 years$1,849$1,089$614$335$179$29
46 years$1,789$1,039$577$309$162$25
47 years$1,731$991$542$286$147$22
48 years$1,675$946$509$264$134$19
49 years$1,623$904$479$244$121$16
50 years$1,572$863$450$226$110$14

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 $3,216 every year, while hoping to spend $39,488 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: 55/33/12 Blend
49$1,610,000$1,610,000$1,610,000$1,610,000
50$1,777,537$1,692,207$1,667,252$1,869,676
51$1,916,831$1,733,111$1,681,090$1,973,436
52$2,069,010$1,774,695$1,694,068$2,081,777
53$2,235,345$1,816,951$1,706,116$2,198,820
54$2,417,238$1,859,870$1,717,159$2,325,399
55$2,616,233$1,903,439$1,727,120$2,462,438
56$2,834,026$1,947,645$1,735,916$2,610,951
57$3,072,488$1,992,472$1,743,461$2,772,054
58$3,333,680$2,037,901$1,749,665$2,946,980
59$3,619,869$2,083,912$1,754,432$3,137,083
60$3,933,553$2,130,481$1,757,663$3,343,858
61$4,277,483$2,177,582$1,759,253$3,568,949
62$4,654,689$2,225,186$1,759,091$3,814,171
63$5,068,509$2,273,262$1,757,062$4,081,520
64$5,522,618$2,321,773$1,753,044$4,373,197
65$6,021,066$2,370,681$1,746,912$4,691,627
66$6,568,312$2,419,942$1,738,531$5,039,482
67$7,169,270$2,469,509$1,727,762$5,419,706
68$7,829,352$2,519,331$1,714,458$5,835,545
69$8,554,520$2,569,352$1,698,467$6,290,573
70$9,351,342$2,619,512$1,679,626$6,788,730
71$10,227,055$2,669,743$1,657,769$7,334,359
72$11,189,629$2,719,975$1,632,719$7,932,245
73$12,247,847$2,770,130$1,604,291$8,587,661
74$13,411,384$2,820,123$1,572,292$9,306,419
75$14,690,902$2,869,866$1,536,521$10,094,924
76$16,098,145$2,919,260$1,496,765$10,960,235
77$17,646,053$2,968,201$1,452,803$11,910,131
78$19,348,883$3,016,576$1,404,405$12,953,186
79$21,222,344$3,064,263$1,351,328$14,098,849
80$23,283,744$3,111,133$1,293,318$15,357,535
81$25,552,154$3,157,046$1,230,112$16,740,721
82$28,048,586$3,201,854$1,161,433$18,261,058
83$30,796,192$3,245,395$1,086,992$19,932,487
84$33,820,484$3,287,500$1,006,486$21,770,374
85$37,149,571$3,327,984$919,601$23,791,653
86$40,814,425$3,366,654$826,006$26,014,989
87$44,849,176$3,403,299$725,356$28,460,954
88$49,291,429$3,437,698$617,293$31,152,218
89$54,182,623$3,469,614$501,440$34,113,769
90$59,568,418$3,498,792$377,406$37,373,145
91$65,499,128$3,524,964$244,780$40,960,698
92$72,030,194$3,547,842$103,135$44,909,879
93$79,222,708$3,567,121$0$49,257,556
94$87,143,991$3,582,476$0$54,050,509
95$95,868,222$3,593,562$0$59,341,863
96$105,477,144$3,600,010$0$65,167,816
97$116,060,833$3,601,430$0$71,582,826
98$127,718,546$3,597,409$0$78,646,911
99$140,559,660$3,587,504$0$86,426,210
100$154,704,704$3,571,250$0$94,993,615