Can I retire at age 50 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$137,081$135,860$134,669$133,506$132,371$127,421
2 years$67,862$66,598$65,373$64,186$63,034$58,103
3 years$44,792$43,523$42,301$41,124$39,991$35,236
4 years$33,259$31,994$30,784$29,628$28,522$23,977
5 years$26,341$25,083$23,890$22,757$21,682$17,360
6 years$21,731$20,483$19,306$18,199$17,156$13,060
7 years$18,439$17,201$16,044$14,962$13,953$10,081
8 years$15,971$14,745$13,606$12,552$11,575$7,925
9 years$14,053$12,838$11,719$10,691$9,748$6,314
10 years$12,519$11,316$10,217$9,216$8,306$5,081
11 years$11,265$10,074$8,995$8,021$7,143$4,121
12 years$10,221$9,042$7,983$7,035$6,190$3,363
13 years$9,338$8,171$7,132$6,211$5,398$2,758
14 years$8,582$7,427$6,408$5,513$4,732$2,271
15 years$7,927$6,785$5,786$4,917$4,166$1,875
16 years$7,354$6,225$5,246$4,403$3,682$1,553
17 years$6,850$5,733$4,773$3,956$3,265$1,289
18 years$6,402$5,298$4,357$3,565$2,903$1,071
19 years$6,002$4,910$3,989$3,221$2,587$891
20 years$5,642$4,562$3,661$2,917$2,311$743
21 years$5,317$4,250$3,367$2,648$2,068$620
22 years$5,021$3,967$3,104$2,407$1,854$517
23 years$4,752$3,710$2,866$2,192$1,664$432
24 years$4,506$3,476$2,650$2,000$1,496$361
25 years$4,280$3,262$2,455$1,826$1,346$302
26 years$4,071$3,066$2,276$1,670$1,212$253
27 years$3,878$2,885$2,114$1,528$1,093$211
28 years$3,700$2,719$1,965$1,400$986$177
29 years$3,534$2,565$1,829$1,284$891$148
30 years$3,379$2,422$1,703$1,179$805$124
31 years$3,235$2,290$1,588$1,082$728$104
32 years$3,099$2,167$1,482$995$658$87
33 years$2,973$2,052$1,383$915$596$73
34 years$2,854$1,945$1,293$842$539$61
35 years$2,742$1,845$1,208$775$488$51
36 years$2,636$1,751$1,131$714$443$43
37 years$2,537$1,663$1,058$657$401$36
38 years$2,443$1,580$991$606$364$30
39 years$2,354$1,503$928$559$330$25
40 years$2,269$1,430$870$515$299$21
41 years$2,189$1,361$816$475$271$18
42 years$2,113$1,296$765$439$246$15
43 years$2,041$1,235$718$405$223$12
44 years$1,972$1,177$674$374$203$10
45 years$1,907$1,123$633$345$184$9
46 years$1,844$1,071$595$319$167$7
47 years$1,785$1,022$559$295$152$6
48 years$1,727$976$525$272$138$5
49 years$1,673$932$493$252$125$4
50 years$1,621$890$464$233$114$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,660,000, adding $6,762 every year, while hoping to spend $21,503 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: 50/28/22 Blend
49$1,660,000$1,660,000$1,660,000$1,660,000
50$1,836,295$1,748,315$1,722,585$1,916,475
51$2,000,718$1,811,103$1,757,413$2,035,585
52$2,181,192$1,876,248$1,792,686$2,162,232
53$2,379,330$1,943,841$1,828,398$2,299,434
54$2,596,912$2,013,979$1,864,539$2,448,195
55$2,835,896$2,086,763$1,901,101$2,609,623
56$3,098,441$2,162,298$1,938,071$2,784,936
57$3,386,923$2,240,692$1,975,438$2,975,473
58$3,703,963$2,322,060$2,013,189$3,182,707
59$4,052,445$2,406,519$2,051,309$3,408,260
60$4,435,549$2,494,193$2,089,782$3,653,916
61$4,856,777$2,585,210$2,128,591$3,921,639
62$5,319,987$2,679,704$2,167,718$4,213,590
63$5,829,431$2,777,815$2,207,142$4,532,147
64$6,389,793$2,879,688$2,246,841$4,879,930
65$7,006,233$2,985,473$2,286,791$5,259,822
66$7,684,437$3,095,330$2,326,967$5,674,994
67$8,430,671$3,209,422$2,367,342$6,128,943
68$9,251,837$3,327,921$2,407,885$6,625,514
69$10,155,540$3,451,006$2,448,565$7,168,945
70$11,150,162$3,578,862$2,489,349$7,763,899
71$12,244,936$3,711,684$2,530,200$8,415,514
72$13,450,037$3,849,674$2,571,079$9,129,446
73$14,776,676$3,993,043$2,611,946$9,911,926
74$16,237,206$4,142,011$2,652,755$10,769,815
75$17,845,240$4,296,808$2,693,461$11,710,670
76$19,615,776$4,457,673$2,734,013$12,742,814
77$21,565,342$4,624,856$2,774,359$13,875,416
78$23,712,149$4,798,617$2,814,443$15,118,574
79$26,076,266$4,979,226$2,854,204$16,483,412
80$28,679,805$5,166,968$2,893,580$17,982,182
81$31,547,134$5,362,138$2,932,504$19,628,383
82$34,705,102$5,565,044$2,970,904$21,436,884
83$38,183,299$5,776,007$3,008,705$23,424,066
84$42,014,327$5,995,364$3,045,828$25,607,972
85$46,234,115$6,223,463$3,082,190$28,008,485
86$50,882,253$6,460,670$3,117,701$30,647,504
87$56,002,366$6,707,366$3,152,268$33,549,160
88$61,642,530$6,963,950$3,185,791$36,740,035
89$67,855,720$7,230,836$3,218,167$40,249,417
90$74,700,314$7,508,457$3,249,286$44,109,576
91$82,240,640$7,797,266$3,279,032$48,356,062
92$90,547,588$8,097,734$3,307,282$53,028,047
93$99,699,275$8,410,356$3,333,908$58,168,688
94$109,781,782$8,735,644$3,358,775$63,825,539
95$120,889,970$9,074,137$3,381,740$70,050,991
96$133,128,372$9,426,395$3,402,654$76,902,774
97$146,612,181$9,793,004$3,421,358$84,444,496
98$161,468,338$10,174,575$3,437,688$92,746,243
99$177,836,726$10,571,747$3,451,469$101,885,239
100$195,871,497$10,985,188$3,462,517$111,946,575