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

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$137,081$135,860$134,669$133,506$132,371$127,471
2 years$67,862$66,598$65,373$64,186$63,034$58,153
3 years$44,792$43,523$42,301$41,124$39,991$35,283
4 years$33,259$31,994$30,784$29,628$28,522$24,022
5 years$26,341$25,083$23,890$22,757$21,682$17,401
6 years$21,731$20,483$19,306$18,199$17,156$13,098
7 years$18,439$17,201$16,044$14,962$13,953$10,116
8 years$15,971$14,745$13,606$12,552$11,575$7,957
9 years$14,053$12,838$11,719$10,691$9,748$6,343
10 years$12,519$11,316$10,217$9,216$8,306$5,108
11 years$11,265$10,074$8,995$8,021$7,143$4,146
12 years$10,221$9,042$7,983$7,035$6,190$3,386
13 years$9,338$8,171$7,132$6,211$5,398$2,779
14 years$8,582$7,427$6,408$5,513$4,732$2,289
15 years$7,927$6,785$5,786$4,917$4,166$1,892
16 years$7,354$6,225$5,246$4,403$3,682$1,568
17 years$6,850$5,733$4,773$3,956$3,265$1,302
18 years$6,402$5,298$4,357$3,565$2,903$1,083
19 years$6,002$4,910$3,989$3,221$2,587$902
20 years$5,642$4,562$3,661$2,917$2,311$752
21 years$5,317$4,250$3,367$2,648$2,068$628
22 years$5,021$3,967$3,104$2,407$1,854$525
23 years$4,752$3,710$2,866$2,192$1,664$439
24 years$4,506$3,476$2,650$2,000$1,496$367
25 years$4,280$3,262$2,455$1,826$1,346$307
26 years$4,071$3,066$2,276$1,670$1,212$257
27 years$3,878$2,885$2,114$1,528$1,093$215
28 years$3,700$2,719$1,965$1,400$986$180
29 years$3,534$2,565$1,829$1,284$891$151
30 years$3,379$2,422$1,703$1,179$805$127
31 years$3,235$2,290$1,588$1,082$728$106
32 years$3,099$2,167$1,482$995$658$89
33 years$2,973$2,052$1,383$915$596$75
34 years$2,854$1,945$1,293$842$539$63
35 years$2,742$1,845$1,208$775$488$52
36 years$2,636$1,751$1,131$714$443$44
37 years$2,537$1,663$1,058$657$401$37
38 years$2,443$1,580$991$606$364$31
39 years$2,354$1,503$928$559$330$26
40 years$2,269$1,430$870$515$299$22
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$13
44 years$1,972$1,177$674$374$203$11
45 years$1,907$1,123$633$345$184$9
46 years$1,844$1,071$595$319$167$8
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 $2,914 every year, while hoping to spend $22,185 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: 54/26/20 Blend
49$1,660,000$1,660,000$1,660,000$1,660,000
50$1,832,326$1,744,346$1,718,616$1,921,147
51$1,995,618$1,806,214$1,752,585$2,044,198
52$2,174,823$1,870,370$1,786,948$2,175,495
53$2,371,540$1,936,903$1,821,696$2,317,943
54$2,587,531$2,005,905$1,856,816$2,472,613
55$2,824,737$2,077,472$1,892,297$2,640,683
56$3,085,296$2,151,704$1,928,125$2,823,451
57$3,371,563$2,228,705$1,964,285$3,022,343
58$3,686,135$2,308,584$2,000,760$3,238,931
59$4,031,869$2,391,453$2,037,534$3,474,942
60$4,411,915$2,477,429$2,074,587$3,732,279
61$4,829,742$2,566,635$2,111,898$4,013,035
62$5,289,174$2,659,199$2,149,444$4,319,516
63$5,794,422$2,755,252$2,187,203$4,654,259
64$6,350,127$2,854,933$2,225,148$5,020,059
65$6,961,401$2,958,386$2,263,252$5,419,990
66$7,633,877$3,065,760$2,301,484$5,857,441
67$8,373,762$3,177,211$2,339,813$6,336,139
68$9,187,893$3,292,903$2,378,204$6,860,193
69$10,083,806$3,413,003$2,416,622$7,434,124
70$11,069,803$3,537,689$2,455,028$8,062,913
71$12,155,032$3,667,144$2,493,379$8,752,045
72$13,349,571$3,801,559$2,531,633$9,507,562
73$14,664,526$3,941,135$2,569,743$10,336,117
74$16,112,136$4,086,080$2,607,657$11,245,040
75$17,705,885$4,236,609$2,645,325$12,242,402
76$19,460,632$4,392,948$2,682,689$13,337,097
77$21,392,747$4,555,334$2,719,691$14,538,918
78$23,520,274$4,724,011$2,756,267$15,858,656
79$25,863,090$4,899,236$2,792,350$17,308,196
80$28,443,101$5,081,275$2,827,870$18,900,632
81$31,284,446$5,270,406$2,862,752$20,650,390
82$34,413,723$5,466,919$2,896,917$22,573,359
83$37,860,241$5,671,117$2,930,282$24,687,048
84$41,656,298$5,883,314$2,962,759$27,010,742
85$45,837,484$6,103,840$2,994,255$29,565,693
86$50,443,016$6,333,037$3,024,672$32,375,311
87$55,516,112$6,571,263$3,053,906$35,465,389
88$61,104,392$6,818,892$3,081,848$38,864,345
89$67,260,334$7,076,311$3,108,384$42,603,492
90$74,041,765$7,343,929$3,133,393$46,717,325
91$81,512,411$7,622,167$3,156,747$51,243,857
92$89,742,492$7,911,467$3,178,313$56,224,966
93$98,809,389$8,212,292$3,197,949$61,706,799
94$108,798,374$8,525,122$3,215,508$67,740,198
95$119,803,414$8,850,459$3,230,833$74,381,188
96$131,928,058$9,188,827$3,243,762$81,691,497
97$145,286,413$9,540,773$3,254,121$89,739,142
98$160,004,224$9,906,867$3,261,731$98,599,069
99$176,220,057$10,287,706$3,266,402$108,353,860
100$194,086,611$10,683,912$3,267,934$119,094,512