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%17.7%
1 years$137,907$136,679$135,480$134,310$133,168$129,009
2 years$68,271$66,999$65,767$64,572$63,413$59,260
3 years$45,062$43,785$42,556$41,372$40,232$36,215
4 years$33,460$32,186$30,970$29,806$28,694$24,843
5 years$26,500$25,235$24,034$22,894$21,813$18,140
6 years$21,862$20,606$19,423$18,309$17,260$13,767
7 years$18,550$17,305$16,140$15,052$14,037$10,724
8 years$16,068$14,833$13,688$12,627$11,645$8,511
9 years$14,138$12,915$11,790$10,756$9,807$6,847
10 years$12,595$11,384$10,279$9,271$8,356$5,566
11 years$11,333$10,135$9,049$8,069$7,186$4,562
12 years$10,282$9,096$8,031$7,077$6,227$3,763
13 years$9,394$8,220$7,175$6,248$5,430$3,120
14 years$8,633$7,472$6,447$5,547$4,760$2,597
15 years$7,975$6,826$5,821$4,947$4,191$2,170
16 years$7,399$6,263$5,277$4,429$3,704$1,817
17 years$6,891$5,768$4,802$3,980$3,284$1,526
18 years$6,441$5,330$4,384$3,586$2,920$1,283
19 years$6,038$4,939$4,013$3,241$2,603$1,081
20 years$5,676$4,590$3,683$2,935$2,325$912
21 years$5,349$4,275$3,388$2,664$2,081$770
22 years$5,052$3,991$3,122$2,422$1,865$651
23 years$4,781$3,733$2,883$2,206$1,674$551
24 years$4,533$3,497$2,666$2,012$1,505$466
25 years$4,306$3,282$2,469$1,837$1,354$395
26 years$4,096$3,084$2,290$1,680$1,220$335
27 years$3,902$2,903$2,127$1,538$1,100$284
28 years$3,722$2,735$1,977$1,409$992$241
29 years$3,555$2,580$1,840$1,292$896$204
30 years$3,399$2,437$1,714$1,186$810$173
31 years$3,254$2,304$1,598$1,089$732$147
32 years$3,118$2,180$1,491$1,001$662$125
33 years$2,991$2,064$1,392$920$599$106
34 years$2,871$1,957$1,300$847$542$90
35 years$2,758$1,856$1,216$779$491$76
36 years$2,652$1,761$1,137$718$445$65
37 years$2,552$1,673$1,065$661$403$55
38 years$2,458$1,590$997$610$366$47
39 years$2,368$1,512$934$562$332$40
40 years$2,283$1,438$875$518$301$34
41 years$2,203$1,369$821$478$273$29
42 years$2,126$1,304$770$441$248$24
43 years$2,053$1,242$723$408$225$21
44 years$1,984$1,184$678$376$204$18
45 years$1,918$1,129$637$347$185$15
46 years$1,855$1,077$598$321$168$13
47 years$1,795$1,028$562$297$153$11
48 years$1,738$981$528$274$139$9
49 years$1,683$937$496$253$126$8
50 years$1,631$895$467$234$114$7

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 $6,282 every year, while hoping to spend $27,255 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: 54/20/26 Blend
49$1,670,000$1,670,000$1,670,000$1,670,000
50$1,846,820$1,758,310$1,732,425$1,932,942
51$2,006,196$1,815,468$1,761,462$2,050,189
52$2,180,916$1,874,513$1,790,558$2,174,435
53$2,372,514$1,935,510$1,819,687$2,309,145
54$2,582,684$1,998,523$1,848,820$2,455,332
55$2,813,289$2,063,621$1,877,926$2,614,113
56$3,066,381$2,130,875$1,906,973$2,786,714
57$3,344,221$2,200,358$1,935,927$2,974,488
58$3,649,302$2,272,145$1,964,750$3,178,922
59$3,984,365$2,346,315$1,993,404$3,401,655
60$4,352,434$2,422,948$2,021,847$3,644,493
61$4,756,839$2,502,129$2,050,035$3,909,421
62$5,201,247$2,583,944$2,077,922$4,198,629
63$5,689,700$2,668,483$2,105,458$4,514,528
64$6,226,650$2,755,839$2,132,591$4,859,772
65$6,817,002$2,846,109$2,159,267$5,237,286
66$7,466,159$2,939,391$2,185,425$5,650,290
67$8,180,076$3,035,790$2,211,006$6,102,333
68$8,965,312$3,135,412$2,235,943$6,597,323
69$9,829,094$3,238,368$2,260,167$7,139,566
70$10,779,386$3,344,773$2,283,607$7,733,806
71$11,824,961$3,454,744$2,306,186$8,385,267
72$12,975,487$3,568,405$2,327,822$9,099,706
73$14,241,613$3,685,884$2,348,431$9,883,467
74$15,635,077$3,807,312$2,367,923$10,743,536
75$17,168,811$3,932,826$2,386,204$11,687,612
76$18,857,062$4,062,567$2,403,175$12,724,178
77$20,715,532$4,196,682$2,418,730$13,862,579
78$22,761,519$4,335,323$2,432,761$15,113,113
79$25,014,087$4,478,647$2,445,151$16,487,125
80$27,494,240$4,626,816$2,455,780$17,997,117
81$30,225,123$4,780,001$2,464,519$19,656,862
82$33,232,239$4,938,375$2,471,234$21,481,539
83$36,543,693$5,102,121$2,475,786$23,487,872
84$40,190,451$5,271,425$2,478,026$25,694,287
85$44,206,635$5,446,484$2,477,798$28,121,092
86$48,629,849$5,627,498$2,474,941$30,790,660
87$53,501,525$5,814,678$2,469,284$33,727,646
88$58,867,323$6,008,239$2,460,647$36,959,218
89$64,777,554$6,208,407$2,448,843$40,515,314
90$71,287,660$6,415,415$2,433,675$44,428,921
91$78,458,736$6,629,504$2,414,937$48,736,391
92$86,358,102$6,850,925$2,392,413$53,477,780
93$95,059,947$7,079,938$2,365,876$58,697,229
94$104,646,018$7,316,812$2,335,090$64,443,380
95$115,206,403$7,561,827$2,299,807$70,769,832
96$126,840,371$7,815,272$2,259,766$77,735,650
97$139,657,316$8,077,447$2,214,695$85,405,923
98$153,777,786$8,348,665$2,164,310$93,852,374
99$169,334,618$8,629,248$2,108,313$103,154,042
100$186,474,200$8,919,532$2,046,392$113,398,025