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%12.1%
1 years$137,081$135,860$134,669$133,506$132,371$131,207
2 years$67,862$66,598$65,373$64,186$63,034$61,861
3 years$44,792$43,523$42,301$41,124$39,991$38,846
4 years$33,259$31,994$30,784$29,628$28,522$27,413
5 years$26,341$25,083$23,890$22,757$21,682$20,612
6 years$21,731$20,483$19,306$18,199$17,156$16,127
7 years$18,439$17,201$16,044$14,962$13,953$12,965
8 years$15,971$14,745$13,606$12,552$11,575$10,629
9 years$14,053$12,838$11,719$10,691$9,748$8,842
10 years$12,519$11,316$10,217$9,216$8,306$7,441
11 years$11,265$10,074$8,995$8,021$7,143$6,318
12 years$10,221$9,042$7,983$7,035$6,190$5,404
13 years$9,338$8,171$7,132$6,211$5,398$4,650
14 years$8,582$7,427$6,408$5,513$4,732$4,021
15 years$7,927$6,785$5,786$4,917$4,166$3,491
16 years$7,354$6,225$5,246$4,403$3,682$3,042
17 years$6,850$5,733$4,773$3,956$3,265$2,659
18 years$6,402$5,298$4,357$3,565$2,903$2,330
19 years$6,002$4,910$3,989$3,221$2,587$2,046
20 years$5,642$4,562$3,661$2,917$2,311$1,800
21 years$5,317$4,250$3,367$2,648$2,068$1,586
22 years$5,021$3,967$3,104$2,407$1,854$1,400
23 years$4,752$3,710$2,866$2,192$1,664$1,237
24 years$4,506$3,476$2,650$2,000$1,496$1,094
25 years$4,280$3,262$2,455$1,826$1,346$969
26 years$4,071$3,066$2,276$1,670$1,212$859
27 years$3,878$2,885$2,114$1,528$1,093$762
28 years$3,700$2,719$1,965$1,400$986$676
29 years$3,534$2,565$1,829$1,284$891$600
30 years$3,379$2,422$1,703$1,179$805$533
31 years$3,235$2,290$1,588$1,082$728$474
32 years$3,099$2,167$1,482$995$658$421
33 years$2,973$2,052$1,383$915$596$375
34 years$2,854$1,945$1,293$842$539$334
35 years$2,742$1,845$1,208$775$488$297
36 years$2,636$1,751$1,131$714$443$264
37 years$2,537$1,663$1,058$657$401$235
38 years$2,443$1,580$991$606$364$210
39 years$2,354$1,503$928$559$330$187
40 years$2,269$1,430$870$515$299$166
41 years$2,189$1,361$816$475$271$148
42 years$2,113$1,296$765$439$246$132
43 years$2,041$1,235$718$405$223$118
44 years$1,972$1,177$674$374$203$105
45 years$1,907$1,123$633$345$184$94
46 years$1,844$1,071$595$319$167$83
47 years$1,785$1,022$559$295$152$74
48 years$1,727$976$525$272$138$66
49 years$1,673$932$493$252$125$59
50 years$1,621$890$464$233$114$53

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 $3,446 every year, while hoping to spend $33,950 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: 62/9/29 Blend
49$1,660,000$1,660,000$1,660,000$1,660,000
50$1,832,875$1,744,895$1,719,165$1,932,013
51$1,983,705$1,794,272$1,740,634$2,049,233
52$2,148,783$1,844,931$1,761,685$2,173,200
53$2,329,524$1,896,898$1,782,267$2,307,856
54$2,527,491$1,950,202$1,802,328$2,454,254
55$2,744,402$2,004,868$1,821,813$2,613,553
56$2,982,149$2,060,925$1,840,662$2,787,033
57$3,242,818$2,118,399$1,858,814$2,976,101
58$3,528,704$2,177,320$1,876,203$3,182,311
59$3,842,337$2,237,714$1,892,761$3,407,371
60$4,186,502$2,299,609$1,908,415$3,653,167
61$4,564,268$2,363,032$1,923,090$3,921,774
62$4,979,015$2,428,012$1,936,704$4,215,481
63$5,434,465$2,494,575$1,949,175$4,536,808
64$5,934,720$2,562,749$1,960,412$4,888,534
65$6,484,298$2,632,561$1,970,322$5,273,721
66$7,088,177$2,704,036$1,978,808$5,695,743
67$7,751,840$2,777,203$1,985,767$6,158,317
68$8,481,327$2,852,085$1,991,090$6,665,541
69$9,283,294$2,928,709$1,994,663$7,221,931
70$10,165,073$3,007,099$1,996,367$7,832,463
71$11,134,742$3,087,278$1,996,077$8,502,622
72$12,201,202$3,169,271$1,993,662$9,238,451
73$13,374,258$3,253,099$1,988,983$10,046,610
74$14,664,715$3,338,784$1,981,897$10,934,442
75$16,084,476$3,426,344$1,972,251$11,910,035
76$17,646,658$3,515,800$1,959,886$12,982,305
77$19,365,712$3,607,169$1,944,637$14,161,078
78$21,257,560$3,700,466$1,926,328$15,457,182
79$23,339,749$3,795,706$1,904,777$16,882,553
80$25,631,609$3,892,901$1,879,793$18,450,341
81$28,154,441$3,992,062$1,851,174$20,175,042
82$30,931,717$4,093,196$1,818,712$22,072,630
83$33,989,300$4,196,310$1,782,186$24,160,710
84$37,355,686$4,301,407$1,741,367$26,458,686
85$41,062,277$4,408,487$1,696,014$28,987,938
86$45,143,674$4,517,548$1,645,875$31,772,034
87$49,638,005$4,628,584$1,590,688$34,836,944
88$54,587,282$4,741,585$1,530,177$38,211,289
89$60,037,801$4,856,539$1,464,054$41,926,613
90$66,040,575$4,973,427$1,392,018$46,017,680
91$72,651,818$5,092,230$1,313,755$50,522,800
92$79,933,474$5,212,919$1,228,935$55,484,195
93$87,953,800$5,335,464$1,137,217$60,948,397
94$96,788,013$5,459,828$1,038,239$66,966,685
95$106,518,999$5,585,967$931,629$73,595,574
96$117,238,091$5,713,834$816,992$80,897,345
97$129,045,936$5,843,372$693,922$88,940,636
98$142,053,443$5,974,518$561,989$97,801,091
99$156,382,828$6,107,203$420,749$107,562,073
100$172,168,767$6,241,347$269,735$118,315,451