Can I retire at age 50 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$138,733$137,497$136,291$135,115$133,966$128,752
2 years$68,680$67,401$66,161$64,959$63,793$58,604
3 years$45,332$44,047$42,810$41,620$40,473$35,471
4 years$33,660$32,379$31,155$29,985$28,866$24,089
5 years$26,659$25,386$24,178$23,031$21,943$17,404
6 years$21,993$20,729$19,539$18,418$17,363$13,064
7 years$18,661$17,408$16,237$15,143$14,121$10,061
8 years$16,164$14,922$13,770$12,703$11,714$7,890
9 years$14,222$12,993$11,860$10,820$9,865$6,271
10 years$12,670$11,452$10,340$9,327$8,406$5,034
11 years$11,401$10,195$9,103$8,117$7,229$4,072
12 years$10,344$9,151$8,079$7,120$6,265$3,315
13 years$9,450$8,270$7,218$6,286$5,463$2,711
14 years$8,685$7,517$6,485$5,580$4,789$2,226
15 years$8,022$6,867$5,855$4,976$4,216$1,833
16 years$7,443$6,300$5,309$4,456$3,726$1,513
17 years$6,932$5,802$4,831$4,003$3,304$1,252
18 years$6,479$5,361$4,410$3,608$2,938$1,037
19 years$6,074$4,969$4,037$3,260$2,619$861
20 years$5,710$4,617$3,705$2,953$2,339$715
21 years$5,381$4,301$3,408$2,680$2,093$595
22 years$5,082$4,015$3,141$2,436$1,876$495
23 years$4,810$3,755$2,900$2,219$1,684$412
24 years$4,560$3,518$2,682$2,024$1,514$343
25 years$4,331$3,302$2,484$1,848$1,362$286
26 years$4,120$3,103$2,304$1,690$1,227$239
27 years$3,925$2,920$2,139$1,547$1,106$199
28 years$3,744$2,752$1,989$1,417$998$166
29 years$3,576$2,596$1,851$1,300$901$139
30 years$3,420$2,452$1,724$1,193$814$116
31 years$3,274$2,318$1,607$1,095$736$97
32 years$3,137$2,193$1,500$1,007$666$81
33 years$3,009$2,077$1,400$926$603$67
34 years$2,888$1,968$1,308$852$546$56
35 years$2,775$1,867$1,223$784$494$47
36 years$2,668$1,772$1,144$722$448$39
37 years$2,567$1,683$1,071$665$406$33
38 years$2,472$1,599$1,003$613$368$27
39 years$2,382$1,521$940$565$334$23
40 years$2,297$1,447$881$522$303$19
41 years$2,216$1,377$826$481$275$16
42 years$2,139$1,312$775$444$249$13
43 years$2,066$1,250$727$410$226$11
44 years$1,996$1,191$682$379$205$9
45 years$1,930$1,136$641$350$186$8
46 years$1,866$1,084$602$323$169$6
47 years$1,806$1,034$565$298$154$5
48 years$1,748$987$531$276$140$5
49 years$1,693$943$499$255$127$4
50 years$1,640$901$469$235$115$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,680,000, adding $5,445 every year, while hoping to spend $29,511 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: 66/13/21 Blend
49$1,680,000$1,680,000$1,680,000$1,680,000
50$1,856,977$1,767,937$1,741,897$1,969,309
51$2,014,989$1,823,166$1,768,851$2,100,604
52$2,188,129$1,880,113$1,795,719$2,240,209
53$2,377,909$1,938,829$1,822,466$2,392,135
54$2,585,995$1,999,371$1,849,058$2,557,592
55$2,814,220$2,061,793$1,875,454$2,737,914
56$3,064,604$2,126,155$1,901,616$2,934,568
57$3,339,372$2,192,515$1,927,498$3,149,173
58$3,640,975$2,260,935$1,953,057$3,383,509
59$3,972,113$2,331,479$1,978,243$3,639,537
60$4,335,759$2,404,212$2,003,004$3,919,419
61$4,735,189$2,479,202$2,027,288$4,225,536
62$5,174,013$2,556,517$2,051,037$4,560,508
63$5,656,206$2,636,230$2,074,190$4,927,223
64$6,186,147$2,718,413$2,096,683$5,328,865
65$6,768,662$2,803,144$2,118,450$5,768,938
66$7,409,066$2,890,499$2,139,419$6,251,304
67$8,113,217$2,980,559$2,159,516$6,780,218
68$8,887,567$3,073,408$2,178,661$7,360,366
69$9,739,224$3,169,131$2,196,772$7,996,913
70$10,676,022$3,267,815$2,213,761$8,695,549
71$11,706,591$3,369,553$2,229,536$9,462,544
72$12,840,438$3,474,436$2,244,001$10,304,805
73$14,088,041$3,582,561$2,257,053$11,229,942
74$15,460,942$3,694,028$2,268,585$12,246,342
75$16,971,861$3,808,938$2,278,486$13,363,246
76$18,634,811$3,927,396$2,286,635$14,590,834
77$20,465,235$4,049,512$2,292,911$15,940,326
78$22,480,147$4,175,395$2,297,181$17,424,084
79$24,698,294$4,305,162$2,299,309$19,055,729
80$27,140,336$4,438,931$2,299,151$20,850,273
81$29,829,034$4,576,822$2,296,557$22,824,255
82$32,789,472$4,718,963$2,291,368$24,995,900
83$36,049,287$4,865,482$2,283,418$27,385,293
84$39,638,936$5,016,511$2,272,534$30,014,565
85$43,591,976$5,172,189$2,258,532$32,908,104
86$47,945,387$5,332,656$2,241,222$36,092,782
87$52,739,917$5,498,057$2,220,404$39,598,213
88$58,020,468$5,668,541$2,195,868$43,457,032
89$63,836,520$5,844,264$2,167,393$47,705,197
90$70,242,595$6,025,383$2,134,751$52,382,338
91$77,298,775$6,212,061$2,097,700$57,532,122
92$85,071,264$6,404,467$2,055,987$63,202,670
93$93,633,020$6,602,773$2,009,350$69,447,013
94$103,064,437$6,807,157$1,957,512$76,323,585
95$113,454,105$7,017,803$1,900,184$83,896,785
96$124,899,647$7,234,899$1,837,064$92,237,576
97$137,508,642$7,458,640$1,767,836$101,424,159
98$151,399,634$7,689,224$1,692,169$111,542,710
99$166,703,259$7,926,858$1,609,719$122,688,197
100$183,563,471$8,171,753$1,520,124$134,965,271