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%15.5%
1 years$135,430$134,223$133,046$131,898$130,776$127,822
2 years$67,044$65,796$64,586$63,412$62,274$59,314
3 years$44,252$42,998$41,791$40,629$39,509$36,635
4 years$32,858$31,608$30,413$29,271$28,178$25,413
5 years$26,024$24,781$23,602$22,483$21,421$18,771
6 years$21,469$20,236$19,074$17,980$16,950$14,419
7 years$18,217$16,994$15,850$14,782$13,784$11,373
8 years$15,779$14,567$13,442$12,400$11,436$9,143
9 years$13,884$12,683$11,578$10,562$9,630$7,454
10 years$12,368$11,180$10,094$9,105$8,206$6,144
11 years$11,129$9,953$8,887$7,924$7,057$5,107
12 years$10,098$8,933$7,887$6,950$6,116$4,273
13 years$9,225$8,073$7,046$6,136$5,333$3,596
14 years$8,478$7,338$6,331$5,447$4,675$3,039
15 years$7,831$6,703$5,716$4,858$4,116$2,578
16 years$7,266$6,150$5,182$4,350$3,638$2,194
17 years$6,767$5,664$4,716$3,908$3,225$1,872
18 years$6,325$5,234$4,305$3,522$2,868$1,600
19 years$5,929$4,851$3,941$3,182$2,556$1,371
20 years$5,574$4,507$3,617$2,882$2,283$1,176
21 years$5,253$4,199$3,327$2,616$2,043$1,010
22 years$4,961$3,919$3,066$2,378$1,832$868
23 years$4,695$3,666$2,831$2,166$1,644$748
24 years$4,452$3,434$2,618$1,976$1,478$644
25 years$4,228$3,223$2,425$1,804$1,330$555
26 years$4,022$3,029$2,249$1,650$1,198$479
27 years$3,832$2,851$2,088$1,510$1,080$413
28 years$3,655$2,686$1,941$1,383$974$357
29 years$3,491$2,534$1,807$1,269$880$308
30 years$3,338$2,393$1,683$1,164$795$266
31 years$3,196$2,262$1,569$1,069$719$230
32 years$3,062$2,141$1,464$983$650$199
33 years$2,937$2,027$1,367$904$588$172
34 years$2,819$1,921$1,277$831$533$149
35 years$2,709$1,822$1,194$765$483$129
36 years$2,605$1,730$1,117$705$437$111
37 years$2,506$1,643$1,045$650$396$96
38 years$2,413$1,561$979$599$359$83
39 years$2,325$1,485$917$552$326$72
40 years$2,242$1,412$860$509$295$62
41 years$2,163$1,345$806$470$268$54
42 years$2,088$1,281$756$434$243$47
43 years$2,017$1,220$710$400$221$40
44 years$1,949$1,163$666$370$200$35
45 years$1,884$1,109$625$341$182$30
46 years$1,822$1,058$587$315$165$26
47 years$1,763$1,010$552$291$150$23
48 years$1,707$964$519$269$136$20
49 years$1,653$920$487$249$124$17
50 years$1,601$879$458$230$112$15

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 $2,893 every year, while hoping to spend $48,975 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: 44/44/12 Blend
49$1,640,000$1,640,000$1,640,000$1,640,000
50$1,810,264$1,723,344$1,697,924$1,883,554
51$1,942,802$1,755,679$1,702,696$1,967,217
52$2,087,217$1,787,957$1,705,985$2,052,663
53$2,244,670$1,820,123$1,707,692$2,144,186
54$2,416,436$1,852,119$1,707,710$2,242,365
55$2,603,921$1,883,881$1,705,927$2,347,839
56$2,808,671$1,915,342$1,702,225$2,461,311
57$3,032,389$1,946,427$1,696,483$2,583,558
58$3,276,949$1,977,058$1,688,572$2,715,437
59$3,544,415$2,007,151$1,678,356$2,857,892
60$3,837,059$2,036,614$1,665,694$3,011,966
61$4,157,382$2,065,352$1,650,438$3,178,809
62$4,508,140$2,093,259$1,632,433$3,359,690
63$4,892,366$2,120,225$1,611,515$3,556,009
64$5,313,402$2,146,131$1,587,516$3,769,309
65$5,774,927$2,170,849$1,560,256$4,001,295
66$6,280,994$2,194,245$1,529,549$4,253,845
67$6,836,066$2,216,173$1,495,199$4,529,034
68$7,445,059$2,236,480$1,457,002$4,829,148
69$8,113,389$2,255,001$1,414,745$5,156,711
70$8,847,019$2,271,561$1,368,204$5,514,508
71$9,652,521$2,285,973$1,317,145$5,905,608
72$10,537,132$2,298,040$1,261,323$6,333,399
73$11,508,824$2,307,549$1,200,483$6,801,619
74$12,576,382$2,314,277$1,134,357$7,314,390
75$13,749,481$2,317,985$1,062,666$7,876,258
76$15,038,781$2,318,419$985,118$8,492,240
77$16,456,026$2,315,310$901,408$9,167,868
78$18,014,153$2,308,372$811,218$9,909,244
79$19,727,416$2,297,303$714,213$10,723,099
80$21,611,521$2,281,779$610,048$11,616,856
81$23,683,770$2,261,460$498,358$12,598,702
82$25,963,226$2,235,983$378,765$13,677,666
83$28,470,893$2,204,964$250,872$14,863,709
84$31,229,915$2,167,998$114,266$16,167,811
85$34,265,788$2,124,652$0$17,602,084
86$37,606,609$2,074,470$0$19,183,922
87$41,283,334$2,016,970$0$20,939,892
88$45,330,071$1,951,639$0$22,871,651
89$49,784,405$1,877,935$0$24,997,172
90$54,687,746$1,795,286$0$27,336,271
91$60,085,726$1,703,085$0$29,910,793
92$66,028,625$1,600,691$0$32,744,821
93$72,571,846$1,487,426$0$35,864,905
94$79,776,436$1,362,572$0$39,300,316
95$87,709,666$1,225,371$0$43,083,321
96$96,445,660$1,075,023$0$47,249,491
97$106,066,099$910,680$0$51,838,040
98$116,660,986$731,448$0$56,892,196
99$128,329,500$536,383$0$62,459,613
100$141,180,929$324,486$0$68,592,821