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

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$138,733$137,497$136,291$135,115$133,966$129,418
2 years$68,680$67,401$66,161$64,959$63,793$59,258
3 years$45,332$44,047$42,810$41,620$40,473$36,091
4 years$33,660$32,379$31,155$29,985$28,866$24,672
5 years$26,659$25,386$24,178$23,031$21,943$17,948
6 years$21,993$20,729$19,539$18,418$17,363$13,569
7 years$18,661$17,408$16,237$15,143$14,121$10,528
8 years$16,164$14,922$13,770$12,703$11,714$8,320
9 years$14,222$12,993$11,860$10,820$9,865$6,665
10 years$12,670$11,452$10,340$9,327$8,406$5,395
11 years$11,401$10,195$9,103$8,117$7,229$4,402
12 years$10,344$9,151$8,079$7,120$6,265$3,614
13 years$9,450$8,270$7,218$6,286$5,463$2,982
14 years$8,685$7,517$6,485$5,580$4,789$2,470
15 years$8,022$6,867$5,855$4,976$4,216$2,053
16 years$7,443$6,300$5,309$4,456$3,726$1,711
17 years$6,932$5,802$4,831$4,003$3,304$1,429
18 years$6,479$5,361$4,410$3,608$2,938$1,196
19 years$6,074$4,969$4,037$3,260$2,619$1,002
20 years$5,710$4,617$3,705$2,953$2,339$841
21 years$5,381$4,301$3,408$2,680$2,093$707
22 years$5,082$4,015$3,141$2,436$1,876$594
23 years$4,810$3,755$2,900$2,219$1,684$500
24 years$4,560$3,518$2,682$2,024$1,514$421
25 years$4,331$3,302$2,484$1,848$1,362$354
26 years$4,120$3,103$2,304$1,690$1,227$299
27 years$3,925$2,920$2,139$1,547$1,106$252
28 years$3,744$2,752$1,989$1,417$998$212
29 years$3,576$2,596$1,851$1,300$901$179
30 years$3,420$2,452$1,724$1,193$814$151
31 years$3,274$2,318$1,607$1,095$736$127
32 years$3,137$2,193$1,500$1,007$666$108
33 years$3,009$2,077$1,400$926$603$91
34 years$2,888$1,968$1,308$852$546$77
35 years$2,775$1,867$1,223$784$494$65
36 years$2,668$1,772$1,144$722$448$55
37 years$2,567$1,683$1,071$665$406$46
38 years$2,472$1,599$1,003$613$368$39
39 years$2,382$1,521$940$565$334$33
40 years$2,297$1,447$881$522$303$28
41 years$2,216$1,377$826$481$275$23
42 years$2,139$1,312$775$444$249$20
43 years$2,066$1,250$727$410$226$17
44 years$1,996$1,191$682$379$205$14
45 years$1,930$1,136$641$350$186$12
46 years$1,866$1,084$602$323$169$10
47 years$1,806$1,034$565$298$154$9
48 years$1,748$987$531$276$140$7
49 years$1,693$943$499$255$127$6
50 years$1,640$901$469$235$115$5

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 $6,867 every year, while hoping to spend $32,509 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: 30/50/20 Blend
49$1,680,000$1,680,000$1,680,000$1,680,000
50$1,858,443$1,769,403$1,743,363$1,902,369
51$2,013,415$1,821,515$1,767,177$1,988,433
52$2,183,105$1,875,090$1,790,698$2,077,561
53$2,368,979$1,930,167$1,813,884$2,172,761
54$2,572,652$1,986,783$1,836,687$2,274,576
55$2,795,905$2,044,977$1,859,058$2,383,604
56$3,040,696$2,104,790$1,880,945$2,500,504
57$3,309,183$2,166,261$1,902,293$2,625,999
58$3,603,744$2,229,432$1,923,044$2,760,884
59$3,926,996$2,294,344$1,943,136$2,906,034
60$4,281,823$2,361,041$1,962,505$3,062,412
61$4,671,403$2,429,565$1,981,082$3,231,077
62$5,099,234$2,499,961$1,998,796$3,413,194
63$5,569,170$2,572,275$2,015,571$3,610,046
64$6,085,460$2,646,550$2,031,327$3,823,043
65$6,652,781$2,722,835$2,045,980$4,053,740
66$7,276,286$2,801,176$2,059,442$4,303,847
67$7,961,654$2,881,620$2,071,620$4,575,247
68$8,715,140$2,964,216$2,082,416$4,870,014
69$9,543,635$3,049,014$2,091,728$5,190,430
70$10,454,733$3,136,063$2,099,448$5,539,009
71$11,456,799$3,225,413$2,105,463$5,918,521
72$12,559,049$3,317,115$2,109,653$6,332,014
73$13,771,639$3,411,221$2,111,893$6,782,846
74$15,105,758$3,507,782$2,112,053$7,274,719
75$16,573,733$3,606,851$2,109,995$7,811,705
76$18,189,148$3,708,481$2,105,574$8,398,294
77$19,966,969$3,812,725$2,098,639$9,039,431
78$21,923,688$3,919,637$2,089,031$9,740,562
79$24,077,475$4,029,270$2,076,585$10,507,690
80$26,448,352$4,141,678$2,061,125$11,347,425
81$29,058,380$4,256,917$2,042,469$12,267,052
82$31,931,869$4,375,039$2,020,425$13,274,596
83$35,095,603$4,496,100$1,994,793$14,378,901
84$38,579,099$4,620,153$1,965,362$15,589,709
85$42,414,879$4,747,252$1,931,914$16,917,755
86$46,638,781$4,877,452$1,894,218$18,374,869
87$51,290,295$5,010,806$1,852,033$19,974,083
88$56,412,936$5,147,366$1,805,107$21,729,760
89$62,054,654$5,287,186$1,753,176$23,657,725
90$68,268,286$5,430,315$1,695,965$25,775,417
91$75,112,057$5,576,806$1,633,185$28,102,051
92$82,650,125$5,726,708$1,564,535$30,658,803
93$90,953,190$5,880,069$1,489,700$33,469,006
94$100,099,159$6,036,937$1,408,348$36,558,373
95$110,173,883$6,197,356$1,320,138$39,955,239
96$121,271,964$6,361,371$1,224,707$43,690,828
97$133,497,650$6,529,024$1,121,680$47,799,550
98$146,965,818$6,700,354$1,010,664$52,319,322
99$161,803,058$6,875,398$891,249$57,291,931
100$178,148,869$7,054,192$763,004$62,763,423