Can I retire at age 50 with 1,670,000?

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 $1,670,000?

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$137,907$136,679$135,480$134,310$133,168$130,533
2 years$68,271$66,999$65,767$64,572$63,413$60,769
3 years$45,062$43,785$42,556$41,372$40,232$37,662
4 years$33,460$32,186$30,970$29,806$28,694$26,217
5 years$26,500$25,235$24,034$22,894$21,813$19,437
6 years$21,862$20,606$19,423$18,309$17,260$14,987
7 years$18,550$17,305$16,140$15,052$14,037$11,868
8 years$16,068$14,833$13,688$12,627$11,645$9,579
9 years$14,138$12,915$11,790$10,756$9,807$7,843
10 years$12,595$11,384$10,279$9,271$8,356$6,492
11 years$11,333$10,135$9,049$8,069$7,186$5,420
12 years$10,282$9,096$8,031$7,077$6,227$4,557
13 years$9,394$8,220$7,175$6,248$5,430$3,852
14 years$8,633$7,472$6,447$5,547$4,760$3,271
15 years$7,975$6,826$5,821$4,947$4,191$2,789
16 years$7,399$6,263$5,277$4,429$3,704$2,385
17 years$6,891$5,768$4,802$3,980$3,284$2,045
18 years$6,441$5,330$4,384$3,586$2,920$1,757
19 years$6,038$4,939$4,013$3,241$2,603$1,513
20 years$5,676$4,590$3,683$2,935$2,325$1,305
21 years$5,349$4,275$3,388$2,664$2,081$1,127
22 years$5,052$3,991$3,122$2,422$1,865$974
23 years$4,781$3,733$2,883$2,206$1,674$843
24 years$4,533$3,497$2,666$2,012$1,505$730
25 years$4,306$3,282$2,469$1,837$1,354$633
26 years$4,096$3,084$2,290$1,680$1,220$549
27 years$3,902$2,903$2,127$1,538$1,100$477
28 years$3,722$2,735$1,977$1,409$992$414
29 years$3,555$2,580$1,840$1,292$896$359
30 years$3,399$2,437$1,714$1,186$810$312
31 years$3,254$2,304$1,598$1,089$732$272
32 years$3,118$2,180$1,491$1,001$662$236
33 years$2,991$2,064$1,392$920$599$205
34 years$2,871$1,957$1,300$847$542$179
35 years$2,758$1,856$1,216$779$491$155
36 years$2,652$1,761$1,137$718$445$135
37 years$2,552$1,673$1,065$661$403$118
38 years$2,458$1,590$997$610$366$102
39 years$2,368$1,512$934$562$332$89
40 years$2,283$1,438$875$518$301$78
41 years$2,203$1,369$821$478$273$68
42 years$2,126$1,304$770$441$248$59
43 years$2,053$1,242$723$408$225$51
44 years$1,984$1,184$678$376$204$45
45 years$1,918$1,129$637$347$185$39
46 years$1,855$1,077$598$321$168$34
47 years$1,795$1,028$562$297$153$29
48 years$1,738$981$528$274$139$26
49 years$1,683$937$496$253$126$22
50 years$1,631$895$467$234$114$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,670,000, adding $3,811 every year, while hoping to spend $29,600 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: 57/23/20 Blend
49$1,670,000$1,670,000$1,670,000$1,670,000
50$1,844,271$1,755,761$1,729,876$1,939,339
51$2,000,893$1,810,299$1,756,333$2,059,043
52$2,172,497$1,866,518$1,782,684$2,185,920
53$2,360,582$1,924,467$1,808,894$2,323,541
54$2,566,797$1,984,201$1,834,927$2,472,946
55$2,792,956$2,045,773$1,860,743$2,635,280
56$3,041,061$2,109,239$1,886,301$2,811,805
57$3,313,313$2,174,656$1,911,556$3,003,910
58$3,612,141$2,242,084$1,936,463$3,213,123
59$3,940,216$2,311,583$1,960,972$3,441,128
60$4,300,484$2,383,216$1,985,030$3,689,779
61$4,696,187$2,457,048$2,008,582$3,961,117
62$5,130,900$2,533,144$2,031,571$4,257,392
63$5,608,557$2,611,574$2,053,934$4,581,080
64$6,133,496$2,692,408$2,075,608$4,934,907
65$6,710,495$2,775,717$2,096,522$5,321,879
66$7,344,815$2,861,578$2,116,606$5,745,305
67$8,042,257$2,950,066$2,135,783$6,208,829
68$8,809,208$3,041,260$2,153,973$6,716,468
69$9,652,708$3,135,242$2,171,091$7,272,645
70$10,580,511$3,232,095$2,187,049$7,882,234
71$11,601,161$3,331,906$2,201,753$8,550,602
72$12,724,073$3,434,763$2,215,105$9,283,664
73$13,959,619$3,540,757$2,227,002$10,087,937
74$15,319,228$3,649,982$2,237,335$10,970,600
75$16,815,492$3,762,535$2,245,989$11,939,562
76$18,462,288$3,878,514$2,252,844$13,003,538
77$20,274,902$3,998,022$2,257,775$14,172,130
78$22,270,181$4,121,164$2,260,650$15,455,919
79$24,466,686$4,248,048$2,261,328$16,866,559
80$26,884,871$4,378,785$2,259,666$18,416,897
81$29,547,272$4,513,489$2,255,508$20,121,084
82$32,478,722$4,652,279$2,248,697$21,994,715
83$35,706,585$4,795,274$2,239,062$24,054,971
84$39,261,015$4,942,600$2,226,428$26,320,788
85$43,175,235$5,094,384$2,210,610$28,813,028
86$47,485,858$5,250,758$2,191,414$31,554,680
87$52,233,227$5,411,857$2,168,638$34,571,076
88$57,461,798$5,577,820$2,142,070$37,890,132
89$63,220,558$5,748,789$2,111,485$41,542,605
90$69,563,487$5,924,912$2,076,652$45,562,391
91$76,550,070$6,106,340$2,037,327$49,986,841
92$84,245,854$6,293,228$1,993,255$54,857,113
93$92,723,070$6,485,735$1,944,168$60,218,560
94$102,061,312$6,684,025$1,889,787$66,121,162
95$112,348,291$6,888,267$1,829,819$72,619,994
96$123,680,658$7,098,634$1,763,959$79,775,744
97$136,164,921$7,315,302$1,691,888$87,655,293
98$149,918,447$7,538,457$1,613,271$96,332,337
99$165,070,571$7,768,283$1,527,758$105,888,091
100$181,763,816$8,004,976$1,434,984$116,412,051