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%14.8%
1 years$135,430$134,223$133,046$131,898$130,776$128,188
2 years$67,044$65,796$64,586$63,412$62,274$59,678
3 years$44,252$42,998$41,791$40,629$39,509$36,985
4 years$32,858$31,608$30,413$29,271$28,178$25,746
5 years$26,024$24,781$23,602$22,483$21,421$19,088
6 years$21,469$20,236$19,074$17,980$16,950$14,718
7 years$18,217$16,994$15,850$14,782$13,784$11,655
8 years$15,779$14,567$13,442$12,400$11,436$9,407
9 years$13,884$12,683$11,578$10,562$9,630$7,702
10 years$12,368$11,180$10,094$9,105$8,206$6,375
11 years$11,129$9,953$8,887$7,924$7,057$5,323
12 years$10,098$8,933$7,887$6,950$6,116$4,475
13 years$9,225$8,073$7,046$6,136$5,333$3,783
14 years$8,478$7,338$6,331$5,447$4,675$3,213
15 years$7,831$6,703$5,716$4,858$4,116$2,739
16 years$7,266$6,150$5,182$4,350$3,638$2,342
17 years$6,767$5,664$4,716$3,908$3,225$2,008
18 years$6,325$5,234$4,305$3,522$2,868$1,726
19 years$5,929$4,851$3,941$3,182$2,556$1,486
20 years$5,574$4,507$3,617$2,882$2,283$1,281
21 years$5,253$4,199$3,327$2,616$2,043$1,106
22 years$4,961$3,919$3,066$2,378$1,832$957
23 years$4,695$3,666$2,831$2,166$1,644$828
24 years$4,452$3,434$2,618$1,976$1,478$717
25 years$4,228$3,223$2,425$1,804$1,330$622
26 years$4,022$3,029$2,249$1,650$1,198$539
27 years$3,832$2,851$2,088$1,510$1,080$468
28 years$3,655$2,686$1,941$1,383$974$406
29 years$3,491$2,534$1,807$1,269$880$353
30 years$3,338$2,393$1,683$1,164$795$307
31 years$3,196$2,262$1,569$1,069$719$267
32 years$3,062$2,141$1,464$983$650$232
33 years$2,937$2,027$1,367$904$588$202
34 years$2,819$1,921$1,277$831$533$175
35 years$2,709$1,822$1,194$765$483$153
36 years$2,605$1,730$1,117$705$437$133
37 years$2,506$1,643$1,045$650$396$116
38 years$2,413$1,561$979$599$359$101
39 years$2,325$1,485$917$552$326$88
40 years$2,242$1,412$860$509$295$76
41 years$2,163$1,345$806$470$268$66
42 years$2,088$1,281$756$434$243$58
43 years$2,017$1,220$710$400$221$50
44 years$1,949$1,163$666$370$200$44
45 years$1,884$1,109$625$341$182$38
46 years$1,822$1,058$587$315$165$33
47 years$1,763$1,010$552$291$150$29
48 years$1,707$964$519$269$136$25
49 years$1,653$920$487$249$124$22
50 years$1,601$879$458$230$112$19

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 $4,188 every year, while hoping to spend $58,883 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: 68/19/13 Blend
49$1,640,000$1,640,000$1,640,000$1,640,000
50$1,811,600$1,724,680$1,699,260$1,929,232
51$1,933,732$1,746,538$1,693,534$2,029,900
52$2,066,348$1,767,494$1,685,643$2,132,558
53$2,210,455$1,787,441$1,675,452$2,243,322
54$2,367,162$1,806,266$1,662,819$2,362,980
55$2,537,686$1,823,847$1,647,598$2,492,403
56$2,723,370$1,840,055$1,629,632$2,632,549
57$2,925,689$1,854,753$1,608,760$2,784,476
58$3,146,268$1,867,794$1,584,812$2,949,347
59$3,386,893$1,879,022$1,557,609$3,128,449
60$3,649,533$1,888,271$1,526,966$3,323,197
61$3,936,354$1,895,364$1,492,687$3,535,154
62$4,249,739$1,900,114$1,454,569$3,766,041
63$4,592,313$1,902,321$1,412,398$4,017,757
64$4,966,967$1,901,772$1,365,951$4,292,395
65$5,376,881$1,898,243$1,314,995$4,592,264
66$5,825,561$1,891,494$1,259,285$4,919,910
67$6,316,863$1,881,273$1,198,566$5,278,138
68$6,855,037$1,867,309$1,132,571$5,670,043
69$7,444,760$1,849,317$1,061,022$6,099,037
70$8,091,187$1,826,994$983,628$6,568,882
71$8,799,991$1,800,020$900,083$7,083,726
72$9,577,424$1,768,055$810,069$7,648,144
73$10,430,370$1,730,739$713,255$8,267,176
74$11,366,412$1,687,689$609,293$8,946,385
75$12,393,903$1,638,502$497,821$9,691,899
76$13,522,043$1,582,751$378,461$10,510,479
77$14,760,969$1,519,983$250,816$11,409,576
78$16,121,845$1,449,719$114,476$12,397,407
79$17,616,970$1,371,453$0$13,483,029
80$19,259,896$1,284,649$0$14,680,734
81$21,065,549$1,188,740$0$16,014,453
82$23,050,374$1,083,128$0$17,480,495
83$25,232,490$967,179$0$19,092,311
84$27,631,857$840,224$0$20,864,725
85$30,270,469$701,557$0$22,814,074
86$33,172,553$550,430$0$24,958,369
87$36,364,807$386,054$0$27,317,454
88$39,876,643$207,597$0$29,913,206
89$43,740,469$14,178$0$32,769,734
90$47,991,993$0$0$35,913,608
91$52,670,557$0$0$39,414,915
92$57,819,510$0$0$43,271,624
93$63,486,619$0$0$47,516,565
94$69,724,512$0$0$52,189,173
95$76,591,182$0$0$57,332,903
96$84,150,527$0$0$62,995,638
97$92,472,957$0$0$69,230,138
98$101,636,057$0$0$76,094,537
99$111,725,314$0$0$83,652,898
100$122,834,930$0$0$91,975,809