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

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$135,430$134,223$133,046$131,898$130,776$129,843
2 years$67,044$65,796$64,586$63,412$62,274$61,333
3 years$44,252$42,998$41,791$40,629$39,509$38,590
4 years$32,858$31,608$30,413$29,271$28,178$27,287
5 years$26,024$24,781$23,602$22,483$21,421$20,561
6 years$21,469$20,236$19,074$17,980$16,950$16,122
7 years$18,217$16,994$15,850$14,782$13,784$12,989
8 years$15,779$14,567$13,442$12,400$11,436$10,673
9 years$13,884$12,683$11,578$10,562$9,630$8,900
10 years$12,368$11,180$10,094$9,105$8,206$7,507
11 years$11,129$9,953$8,887$7,924$7,057$6,390
12 years$10,098$8,933$7,887$6,950$6,116$5,479
13 years$9,225$8,073$7,046$6,136$5,333$4,727
14 years$8,478$7,338$6,331$5,447$4,675$4,098
15 years$7,831$6,703$5,716$4,858$4,116$3,568
16 years$7,266$6,150$5,182$4,350$3,638$3,118
17 years$6,767$5,664$4,716$3,908$3,225$2,732
18 years$6,325$5,234$4,305$3,522$2,868$2,401
19 years$5,929$4,851$3,941$3,182$2,556$2,114
20 years$5,574$4,507$3,617$2,882$2,283$1,866
21 years$5,253$4,199$3,327$2,616$2,043$1,649
22 years$4,961$3,919$3,066$2,378$1,832$1,460
23 years$4,695$3,666$2,831$2,166$1,644$1,294
24 years$4,452$3,434$2,618$1,976$1,478$1,148
25 years$4,228$3,223$2,425$1,804$1,330$1,020
26 years$4,022$3,029$2,249$1,650$1,198$907
27 years$3,832$2,851$2,088$1,510$1,080$807
28 years$3,655$2,686$1,941$1,383$974$718
29 years$3,491$2,534$1,807$1,269$880$640
30 years$3,338$2,393$1,683$1,164$795$570
31 years$3,196$2,262$1,569$1,069$719$508
32 years$3,062$2,141$1,464$983$650$454
33 years$2,937$2,027$1,367$904$588$405
34 years$2,819$1,921$1,277$831$533$361
35 years$2,709$1,822$1,194$765$483$323
36 years$2,605$1,730$1,117$705$437$288
37 years$2,506$1,643$1,045$650$396$258
38 years$2,413$1,561$979$599$359$230
39 years$2,325$1,485$917$552$326$206
40 years$2,242$1,412$860$509$295$184
41 years$2,163$1,345$806$470$268$164
42 years$2,088$1,281$756$434$243$147
43 years$2,017$1,220$710$400$221$132
44 years$1,949$1,163$666$370$200$118
45 years$1,884$1,109$625$341$182$105
46 years$1,822$1,058$587$315$165$94
47 years$1,763$1,010$552$291$150$84
48 years$1,707$964$519$269$136$75
49 years$1,653$920$487$249$124$67
50 years$1,601$879$458$230$112$60

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 $2,567 every year, while hoping to spend $34,406 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: 66/28/6 Blend
49$1,640,000$1,640,000$1,640,000$1,640,000
50$1,809,928$1,723,008$1,697,588$1,927,526
51$1,957,933$1,770,828$1,717,849$2,053,735
52$2,119,881$1,819,837$1,737,636$2,187,241
53$2,297,159$1,870,059$1,756,897$2,332,223
54$2,491,292$1,921,515$1,775,576$2,489,794
55$2,703,960$1,974,226$1,793,615$2,661,178
56$2,937,016$2,028,215$1,810,952$2,847,725
57$3,192,497$2,083,502$1,827,524$3,050,920
58$3,472,648$2,140,110$1,843,263$3,272,397
59$3,779,941$2,198,059$1,858,095$3,513,958
60$4,117,101$2,257,369$1,871,947$3,777,583
61$4,487,126$2,318,061$1,884,738$4,065,456
62$4,893,322$2,380,155$1,896,386$4,379,981
63$5,339,327$2,443,669$1,906,801$4,723,806
64$5,829,152$2,508,623$1,915,893$5,099,846
65$6,367,213$2,575,033$1,923,563$5,511,314
66$6,958,377$2,642,918$1,929,710$5,961,747
67$7,608,003$2,712,292$1,934,227$6,455,042
68$8,321,996$2,783,172$1,937,001$6,995,492
69$9,106,864$2,855,571$1,937,914$7,587,826
70$9,969,772$2,929,502$1,936,843$8,237,253
71$10,918,619$3,004,978$1,933,657$8,949,511
72$11,962,104$3,082,007$1,928,220$9,730,925
73$13,109,812$3,160,599$1,920,389$10,588,458
74$14,372,305$3,240,761$1,910,015$11,529,786
75$15,761,219$3,322,497$1,896,939$12,563,363
76$17,289,376$3,405,812$1,880,998$13,698,506
77$18,970,900$3,490,704$1,862,020$14,945,478
78$20,821,356$3,577,174$1,839,822$16,315,588
79$22,857,896$3,665,216$1,814,217$17,821,297
80$25,099,414$3,754,824$1,785,006$19,476,334
81$27,566,732$3,845,989$1,751,982$21,295,829
82$30,282,793$3,938,697$1,714,928$23,296,450
83$33,272,877$4,032,932$1,673,617$25,496,565
84$36,564,838$4,128,673$1,627,810$27,916,412
85$40,189,370$4,225,896$1,577,260$30,578,295
86$44,180,294$4,324,573$1,521,707$33,506,788
87$48,574,878$4,424,671$1,460,878$36,728,969
88$53,414,187$4,526,152$1,394,490$40,274,678
89$58,743,474$4,628,973$1,322,244$44,176,797
90$64,612,600$4,733,085$1,243,831$48,471,559
91$71,076,512$4,838,433$1,158,927$53,198,890
92$78,195,756$4,944,956$1,067,190$58,402,789
93$86,037,050$5,052,586$968,268$64,131,739
94$94,673,914$5,161,247$861,790$70,439,169
95$104,187,362$5,270,857$747,369$77,383,953
96$114,666,668$5,381,325$624,601$85,030,971
97$126,210,208$5,492,549$493,065$93,451,717
98$138,926,386$5,604,421$352,320$102,724,978
99$152,934,661$5,716,821$201,905$112,937,574
100$168,366,670$5,829,618$41,343$124,185,182