Can I retire at age 50 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$135,430$134,223$133,046$131,898$130,776$129,518
2 years$67,044$65,796$64,586$63,412$62,274$61,007
3 years$44,252$42,998$41,791$40,629$39,509$38,272
4 years$32,858$31,608$30,413$29,271$28,178$26,981
5 years$26,024$24,781$23,602$22,483$21,421$20,266
6 years$21,469$20,236$19,074$17,980$16,950$15,840
7 years$18,217$16,994$15,850$14,782$13,784$12,719
8 years$15,779$14,567$13,442$12,400$11,436$10,416
9 years$13,884$12,683$11,578$10,562$9,630$8,655
10 years$12,368$11,180$10,094$9,105$8,206$7,274
11 years$11,129$9,953$8,887$7,924$7,057$6,169
12 years$10,098$8,933$7,887$6,950$6,116$5,270
13 years$9,225$8,073$7,046$6,136$5,333$4,528
14 years$8,478$7,338$6,331$5,447$4,675$3,911
15 years$7,831$6,703$5,716$4,858$4,116$3,391
16 years$7,266$6,150$5,182$4,350$3,638$2,951
17 years$6,767$5,664$4,716$3,908$3,225$2,576
18 years$6,325$5,234$4,305$3,522$2,868$2,254
19 years$5,929$4,851$3,941$3,182$2,556$1,976
20 years$5,574$4,507$3,617$2,882$2,283$1,736
21 years$5,253$4,199$3,327$2,616$2,043$1,528
22 years$4,961$3,919$3,066$2,378$1,832$1,346
23 years$4,695$3,666$2,831$2,166$1,644$1,188
24 years$4,452$3,434$2,618$1,976$1,478$1,049
25 years$4,228$3,223$2,425$1,804$1,330$928
26 years$4,022$3,029$2,249$1,650$1,198$821
27 years$3,832$2,851$2,088$1,510$1,080$727
28 years$3,655$2,686$1,941$1,383$974$644
29 years$3,491$2,534$1,807$1,269$880$571
30 years$3,338$2,393$1,683$1,164$795$506
31 years$3,196$2,262$1,569$1,069$719$449
32 years$3,062$2,141$1,464$983$650$399
33 years$2,937$2,027$1,367$904$588$354
34 years$2,819$1,921$1,277$831$533$315
35 years$2,709$1,822$1,194$765$483$280
36 years$2,605$1,730$1,117$705$437$248
37 years$2,506$1,643$1,045$650$396$221
38 years$2,413$1,561$979$599$359$196
39 years$2,325$1,485$917$552$326$175
40 years$2,242$1,412$860$509$295$155
41 years$2,163$1,345$806$470$268$138
42 years$2,088$1,281$756$434$243$123
43 years$2,017$1,220$710$400$221$109
44 years$1,949$1,163$666$370$200$97
45 years$1,884$1,109$625$341$182$87
46 years$1,822$1,058$587$315$165$77
47 years$1,763$1,010$552$291$150$69
48 years$1,707$964$519$269$136$61
49 years$1,653$920$487$249$124$54
50 years$1,601$879$458$230$112$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,640,000, adding $5,712 every year, while hoping to spend $56,010 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: 62/22/16 Blend
49$1,640,000$1,640,000$1,640,000$1,640,000
50$1,813,172$1,726,252$1,700,832$1,917,998
51$1,938,521$1,751,244$1,698,216$2,014,175
52$2,074,779$1,775,584$1,693,634$2,112,280
53$2,222,999$1,799,179$1,686,963$2,218,046
54$2,384,339$1,821,934$1,678,072$2,332,220
55$2,560,077$1,843,743$1,666,822$2,455,627
56$2,751,614$1,864,496$1,653,070$2,589,177
57$2,960,496$1,884,074$1,636,665$2,733,873
58$3,188,423$1,902,350$1,617,449$2,890,821
59$3,437,266$1,919,189$1,595,258$3,061,242
60$3,709,085$1,934,447$1,569,917$3,246,482
61$4,006,148$1,947,971$1,541,245$3,448,024
62$4,330,951$1,959,598$1,509,053$3,667,506
63$4,686,244$1,969,155$1,473,143$3,906,734
64$5,075,054$1,976,456$1,433,306$4,167,697
65$5,500,713$1,981,305$1,389,324$4,452,594
66$5,966,890$1,983,495$1,340,972$4,763,845
67$6,477,629$1,982,802$1,288,011$5,104,122
68$7,037,380$1,978,992$1,230,192$5,476,370
69$7,651,045$1,971,814$1,167,255$5,883,840
70$8,324,023$1,961,005$1,098,930$6,330,113
71$9,062,261$1,946,282$1,024,931$6,819,141
72$9,872,308$1,927,346$944,963$7,355,282
73$10,761,380$1,903,883$858,716$7,943,340
74$11,737,423$1,875,555$765,866$8,588,615
75$12,809,192$1,842,009$666,073$9,296,951
76$13,986,330$1,802,867$558,987$10,074,791
77$15,279,459$1,757,732$444,237$10,929,241
78$16,700,283$1,706,180$321,438$11,868,135
79$18,261,694$1,647,765$190,188$12,900,114
80$19,977,895$1,582,014$50,068$14,034,702
81$21,864,535$1,508,427$0$15,282,404
82$23,938,852$1,426,474$0$16,671,782
83$26,219,840$1,335,596$0$18,208,849
84$28,728,424$1,235,200$0$19,899,209
85$31,487,659$1,124,662$0$21,758,469
86$34,522,948$1,003,318$0$23,803,833
87$37,862,278$870,470$0$26,054,261
88$41,536,487$725,379$0$28,530,650
89$45,579,551$567,265$0$31,256,035
90$50,028,907$395,303$0$34,255,803
91$54,925,805$208,622$0$37,557,937
92$60,315,696$6,304$0$41,193,277
93$66,248,661$0$0$45,195,816
94$72,779,883$0$0$49,654,494
95$79,970,165$0$0$54,564,927
96$87,886,509$0$0$59,971,362
97$96,602,740$0$0$65,924,239
98$106,200,209$0$0$72,479,137
99$116,768,556$0$0$79,697,300
100$128,406,555$0$0$87,646,211