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%18.1%
1 years$137,081$135,860$134,669$133,506$132,371$128,031
2 years$67,862$66,598$65,373$64,186$63,034$58,703
3 years$44,792$43,523$42,301$41,124$39,991$35,805
4 years$33,259$31,994$30,784$29,628$28,522$24,513
5 years$26,341$25,083$23,890$22,757$21,682$17,861
6 years$21,731$20,483$19,306$18,199$17,156$13,526
7 years$18,439$17,201$16,044$14,962$13,953$10,512
8 years$15,971$14,745$13,606$12,552$11,575$8,323
9 years$14,053$12,838$11,719$10,691$9,748$6,679
10 years$12,519$11,316$10,217$9,216$8,306$5,416
11 years$11,265$10,074$8,995$8,021$7,143$4,428
12 years$10,221$9,042$7,983$7,035$6,190$3,642
13 years$9,338$8,171$7,132$6,211$5,398$3,012
14 years$8,582$7,427$6,408$5,513$4,732$2,500
15 years$7,927$6,785$5,786$4,917$4,166$2,083
16 years$7,354$6,225$5,246$4,403$3,682$1,740
17 years$6,850$5,733$4,773$3,956$3,265$1,456
18 years$6,402$5,298$4,357$3,565$2,903$1,221
19 years$6,002$4,910$3,989$3,221$2,587$1,026
20 years$5,642$4,562$3,661$2,917$2,311$863
21 years$5,317$4,250$3,367$2,648$2,068$726
22 years$5,021$3,967$3,104$2,407$1,854$612
23 years$4,752$3,710$2,866$2,192$1,664$516
24 years$4,506$3,476$2,650$2,000$1,496$436
25 years$4,280$3,262$2,455$1,826$1,346$368
26 years$4,071$3,066$2,276$1,670$1,212$311
27 years$3,878$2,885$2,114$1,528$1,093$263
28 years$3,700$2,719$1,965$1,400$986$222
29 years$3,534$2,565$1,829$1,284$891$188
30 years$3,379$2,422$1,703$1,179$805$159
31 years$3,235$2,290$1,588$1,082$728$134
32 years$3,099$2,167$1,482$995$658$114
33 years$2,973$2,052$1,383$915$596$96
34 years$2,854$1,945$1,293$842$539$81
35 years$2,742$1,845$1,208$775$488$69
36 years$2,636$1,751$1,131$714$443$58
37 years$2,537$1,663$1,058$657$401$49
38 years$2,443$1,580$991$606$364$42
39 years$2,354$1,503$928$559$330$35
40 years$2,269$1,430$870$515$299$30
41 years$2,189$1,361$816$475$271$25
42 years$2,113$1,296$765$439$246$21
43 years$2,041$1,235$718$405$223$18
44 years$1,972$1,177$674$374$203$15
45 years$1,907$1,123$633$345$184$13
46 years$1,844$1,071$595$319$167$11
47 years$1,785$1,022$559$295$152$9
48 years$1,727$976$525$272$138$8
49 years$1,673$932$493$252$125$7
50 years$1,621$890$464$233$114$6

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 $6,227 every year, while hoping to spend $35,967 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: 38/38/24 Blend
49$1,660,000$1,660,000$1,660,000$1,660,000
50$1,835,743$1,747,763$1,722,033$1,892,142
51$1,984,720$1,795,135$1,741,453$1,981,152
52$2,147,688$1,843,622$1,760,317$2,073,482
53$2,326,034$1,893,242$1,778,570$2,172,555
54$2,521,290$1,944,011$1,796,152$2,279,002
55$2,735,138$1,995,945$1,813,000$2,393,521
56$2,969,435$2,049,058$1,829,048$2,516,877
57$3,226,221$2,103,367$1,844,226$2,649,914
58$3,507,749$2,158,884$1,858,460$2,793,562
59$3,816,494$2,215,624$1,871,673$2,948,845
60$4,155,186$2,273,600$1,883,784$3,116,891
61$4,526,831$2,332,822$1,894,707$3,298,942
62$4,934,740$2,393,303$1,904,352$3,496,367
63$5,382,561$2,455,052$1,912,625$3,710,674
64$5,874,310$2,518,077$1,919,426$3,943,523
65$6,414,414$2,582,387$1,924,650$4,196,746
66$7,007,747$2,647,987$1,928,189$4,472,359
67$7,659,680$2,714,882$1,929,927$4,772,585
68$8,376,131$2,783,075$1,929,743$5,099,873
69$9,163,618$2,852,566$1,927,511$5,456,922
70$10,029,321$2,923,357$1,923,097$5,846,705
71$10,981,154$2,995,442$1,916,362$6,272,501
72$12,027,831$3,068,819$1,907,160$6,737,921
73$13,178,958$3,143,479$1,895,338$7,246,947
74$14,445,114$3,219,412$1,880,734$7,803,965
75$15,837,959$3,296,606$1,863,182$8,413,810
76$17,370,336$3,375,045$1,842,504$9,081,813
77$19,056,398$3,454,710$1,818,515$9,813,846
78$20,911,738$3,535,579$1,791,023$10,616,381
79$22,953,538$3,617,625$1,759,825$11,496,555
80$25,200,730$3,700,819$1,724,710$12,462,229
81$27,674,171$3,785,126$1,685,454$13,522,071
82$30,396,847$3,870,508$1,641,828$14,685,632
83$33,394,083$3,956,920$1,593,586$15,963,441
84$36,693,785$4,044,315$1,540,477$17,367,101
85$40,326,702$4,132,637$1,482,234$18,909,401
86$44,326,716$4,221,827$1,418,579$20,604,437
87$48,731,162$4,311,818$1,349,223$22,467,746
88$53,581,180$4,402,537$1,273,862$24,516,450
89$58,922,103$4,493,903$1,192,178$26,769,423
90$64,803,882$4,585,829$1,103,841$29,247,465
91$71,281,562$4,678,219$1,008,504$31,973,504
92$78,415,798$4,770,968$905,805$34,972,807
93$86,273,426$4,863,962$795,366$38,273,225
94$94,928,098$4,957,078$676,793$41,905,453
95$104,460,972$5,050,183$549,674$45,903,321
96$114,961,480$5,143,132$413,577$50,304,116
97$126,528,173$5,235,767$268,055$55,148,934
98$139,269,649$5,327,922$112,636$60,483,068
99$153,305,577$5,419,414$0$66,356,436
100$168,767,827$5,510,047$0$72,837,687