Can I retire at age 50 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$133,778$132,586$131,424$130,289$129,181$128,152
2 years$66,227$64,993$63,798$62,639$61,515$60,478
3 years$43,713$42,474$41,282$40,133$39,028$38,014
4 years$32,458$31,223$30,042$28,914$27,835$26,853
5 years$25,707$24,479$23,314$22,209$21,160$20,213
6 years$21,207$19,989$18,841$17,760$16,743$15,832
7 years$17,995$16,787$15,657$14,602$13,616$12,741
8 years$15,586$14,389$13,279$12,249$11,296$10,457
9 years$13,714$12,528$11,437$10,434$9,513$8,710
10 years$12,217$11,043$9,971$8,994$8,106$7,338
11 years$10,994$9,831$8,778$7,827$6,971$6,238
12 years$9,974$8,824$7,790$6,866$6,041$5,343
13 years$9,113$7,974$6,960$6,061$5,268$4,603
14 years$8,375$7,248$6,254$5,381$4,618$3,986
15 years$7,736$6,622$5,646$4,798$4,066$3,465
16 years$7,177$6,075$5,119$4,297$3,593$3,024
17 years$6,685$5,595$4,658$3,860$3,186$2,646
18 years$6,248$5,170$4,252$3,479$2,833$2,322
19 years$5,857$4,791$3,893$3,144$2,525$2,042
20 years$5,506$4,452$3,573$2,847$2,255$1,799
21 years$5,189$4,147$3,286$2,584$2,018$1,588
22 years$4,900$3,871$3,029$2,349$1,809$1,404
23 years$4,638$3,621$2,797$2,140$1,624$1,242
24 years$4,397$3,392$2,586$1,951$1,460$1,101
25 years$4,177$3,184$2,395$1,782$1,314$976
26 years$3,973$2,992$2,222$1,630$1,183$866
27 years$3,785$2,816$2,063$1,492$1,067$770
28 years$3,611$2,653$1,918$1,367$963$684
29 years$3,449$2,503$1,785$1,253$869$608
30 years$3,298$2,364$1,662$1,150$785$541
31 years$3,157$2,235$1,550$1,056$710$482
32 years$3,025$2,115$1,446$971$642$429
33 years$2,901$2,003$1,350$893$581$383
34 years$2,785$1,898$1,261$821$526$341
35 years$2,676$1,800$1,179$756$477$304
36 years$2,573$1,709$1,103$696$432$271
37 years$2,476$1,623$1,033$642$391$242
38 years$2,384$1,542$967$591$355$216
39 years$2,297$1,467$906$545$322$192
40 years$2,215$1,395$849$503$292$172
41 years$2,137$1,328$796$464$265$153
42 years$2,062$1,265$747$428$240$137
43 years$1,992$1,205$701$395$218$122
44 years$1,925$1,149$658$365$198$109
45 years$1,861$1,095$618$337$180$97
46 years$1,800$1,045$580$311$163$87
47 years$1,742$997$545$288$148$78
48 years$1,686$952$512$266$135$69
49 years$1,633$909$481$246$122$62
50 years$1,582$868$453$227$111$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,620,000, adding $3,407 every year, while hoping to spend $33,232 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: 37/46/17 Blend
49$1,620,000$1,620,000$1,620,000$1,620,000
50$1,788,754$1,702,894$1,677,784$1,845,608
51$1,935,849$1,750,978$1,698,632$1,935,013
52$2,096,833$1,800,303$1,719,063$2,028,118
53$2,273,089$1,850,897$1,739,031$2,127,982
54$2,466,137$1,902,784$1,758,482$2,235,229
55$2,677,654$1,955,992$1,777,362$2,350,546
56$2,909,486$2,010,546$1,795,614$2,474,687
57$3,163,663$2,066,472$1,813,177$2,608,484
58$3,442,425$2,123,798$1,829,987$2,752,849
59$3,748,236$2,182,548$1,845,975$2,908,791
60$4,083,813$2,242,750$1,861,072$3,077,415
61$4,452,147$2,304,429$1,875,203$3,259,942
62$4,856,531$2,367,612$1,888,288$3,457,713
63$5,300,596$2,432,324$1,900,244$3,672,207
64$5,788,340$2,498,590$1,910,986$3,905,049
65$6,324,167$2,566,438$1,920,420$4,158,034
66$6,912,929$2,635,890$1,928,451$4,433,134
67$7,559,971$2,706,972$1,934,977$4,732,522
68$8,271,182$2,779,707$1,939,892$5,058,593
69$9,053,049$2,854,119$1,943,086$5,413,984
70$9,912,720$2,930,231$1,944,439$5,801,600
71$10,858,070$3,008,065$1,943,830$6,224,640
72$11,897,774$3,087,642$1,941,130$6,686,630
73$13,041,393$3,168,981$1,936,203$7,191,454
74$14,299,456$3,252,103$1,928,907$7,743,390
75$15,683,569$3,337,025$1,919,094$8,347,152
76$17,206,517$3,423,763$1,906,608$9,007,935
77$18,882,388$3,512,333$1,891,285$9,731,460
78$20,726,702$3,602,748$1,872,954$10,524,033
79$22,756,563$3,695,020$1,851,435$11,392,603
80$24,990,816$3,789,159$1,826,542$12,344,825
81$27,450,225$3,885,174$1,798,076$13,389,134
82$30,157,669$3,983,069$1,765,833$14,534,827
83$33,138,360$4,082,847$1,729,597$15,792,147
84$36,420,076$4,184,510$1,689,142$17,172,381
85$40,033,428$4,288,056$1,644,233$18,687,968
86$44,012,144$4,393,477$1,594,621$20,352,614
87$48,393,392$4,500,767$1,540,050$22,181,425
88$53,218,125$4,609,911$1,480,249$24,191,047
89$58,531,473$4,720,896$1,414,936$26,399,821
90$64,383,162$4,833,699$1,343,815$28,827,964
91$70,827,990$4,948,295$1,266,579$31,497,753
92$77,926,340$5,064,657$1,182,904$34,433,735
93$85,744,749$5,182,747$1,092,454$37,662,967
94$94,356,538$5,302,527$994,876$41,215,263
95$103,842,503$5,423,949$889,802$45,123,479
96$114,291,677$5,546,961$776,850$49,423,826
97$125,802,170$5,671,504$655,616$54,156,208
98$138,482,095$5,797,511$525,682$59,364,601
99$152,450,587$5,924,907$386,611$65,097,470
100$167,838,930$6,053,610$237,945$71,408,223