Can I retire at age 50 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$139,559$138,316$137,103$135,919$134,763$132,204
2 years$69,088$67,802$66,555$65,346$64,173$61,605
3 years$45,601$44,309$43,065$41,868$40,714$38,217
4 years$33,860$32,572$31,341$30,163$29,037$26,631
5 years$26,817$25,537$24,322$23,168$22,074$19,764
6 years$22,124$20,853$19,655$18,528$17,466$15,256
7 years$18,772$17,512$16,334$15,233$14,205$12,094
8 years$16,260$15,011$13,852$12,778$11,784$9,773
9 years$14,307$13,070$11,931$10,884$9,924$8,011
10 years$12,745$11,520$10,402$9,382$8,456$6,640
11 years$11,469$10,256$9,157$8,166$7,272$5,551
12 years$10,405$9,205$8,127$7,162$6,302$4,672
13 years$9,507$8,319$7,261$6,323$5,495$3,955
14 years$8,737$7,562$6,524$5,613$4,817$3,363
15 years$8,070$6,908$5,890$5,006$4,241$2,871
16 years$7,487$6,338$5,340$4,482$3,749$2,459
17 years$6,974$5,837$4,860$4,027$3,324$2,111
18 years$6,518$5,393$4,436$3,629$2,955$1,817
19 years$6,110$4,999$4,061$3,279$2,634$1,567
20 years$5,744$4,645$3,727$2,970$2,353$1,353
21 years$5,413$4,327$3,428$2,696$2,106$1,170
22 years$5,112$4,039$3,160$2,451$1,887$1,013
23 years$4,838$3,777$2,917$2,232$1,694$878
24 years$4,587$3,539$2,698$2,036$1,523$762
25 years$4,357$3,321$2,499$1,859$1,370$662
26 years$4,145$3,121$2,318$1,700$1,234$575
27 years$3,949$2,938$2,152$1,556$1,113$500
28 years$3,767$2,768$2,001$1,426$1,004$435
29 years$3,598$2,611$1,862$1,307$907$378
30 years$3,440$2,466$1,734$1,200$819$329
31 years$3,293$2,331$1,617$1,102$741$287
32 years$3,156$2,206$1,508$1,013$670$250
33 years$3,027$2,089$1,408$931$606$217
34 years$2,905$1,980$1,316$857$549$189
35 years$2,791$1,878$1,230$789$497$165
36 years$2,684$1,782$1,151$726$451$144
37 years$2,583$1,693$1,077$669$408$125
38 years$2,487$1,609$1,009$617$370$109
39 years$2,396$1,530$945$569$336$95
40 years$2,310$1,456$886$525$304$83
41 years$2,229$1,386$831$484$276$73
42 years$2,152$1,320$779$447$251$63
43 years$2,078$1,257$731$412$227$55
44 years$2,008$1,198$686$381$206$48
45 years$1,941$1,143$644$352$187$42
46 years$1,878$1,090$605$325$170$37
47 years$1,817$1,040$569$300$155$32
48 years$1,759$993$534$277$140$28
49 years$1,703$948$502$256$127$24
50 years$1,650$906$472$237$116$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,690,000, adding $3,379 every year, while hoping to spend $24,681 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: 46/28/26 Blend
49$1,690,000$1,690,000$1,690,000$1,690,000
50$1,865,865$1,776,295$1,750,100$1,937,606
51$2,029,923$1,837,074$1,782,468$2,049,382
52$2,209,888$1,900,003$1,815,094$2,167,917
53$2,407,356$1,965,162$1,847,958$2,296,047
54$2,624,085$2,032,634$1,881,044$2,434,680
55$2,862,013$2,102,504$1,914,330$2,584,820
56$3,123,273$2,174,861$1,947,795$2,747,568
57$3,410,215$2,249,798$1,981,415$2,924,137
58$3,725,430$2,327,411$2,015,164$3,115,859
59$4,071,768$2,407,798$2,049,017$3,324,204
60$4,452,373$2,491,065$2,082,943$3,550,788
61$4,870,706$2,577,318$2,116,913$3,797,387
62$5,330,580$2,666,670$2,150,892$4,065,960
63$5,836,199$2,759,236$2,184,847$4,358,661
64$6,392,191$2,855,137$2,218,738$4,677,863
65$7,003,655$2,954,500$2,252,527$5,026,177
66$7,676,212$3,057,455$2,286,171$5,406,478
67$8,416,053$3,164,138$2,319,625$5,821,934
68$9,229,999$3,274,689$2,352,841$6,276,030
69$10,125,566$3,389,255$2,385,768$6,772,606
70$11,111,035$3,507,990$2,418,352$7,315,891
71$12,195,530$3,631,052$2,450,537$7,910,541
72$13,389,106$3,758,605$2,482,262$8,561,685
73$14,702,840$3,890,822$2,513,463$9,274,972
74$16,148,939$4,027,881$2,544,073$10,056,624
75$17,740,851$4,169,968$2,574,020$10,913,494
76$19,493,398$4,317,276$2,603,229$11,853,132
77$21,422,907$4,470,006$2,631,621$12,883,852
78$23,547,375$4,628,367$2,659,111$14,014,816
79$25,886,626$4,792,576$2,685,610$15,256,114
80$28,462,510$4,962,860$2,711,026$16,618,863
81$31,299,101$5,139,455$2,735,260$18,115,310
82$34,422,926$5,322,606$2,758,209$19,758,947
83$37,863,219$5,512,567$2,779,763$21,564,637
84$41,652,189$5,709,605$2,799,807$23,548,757
85$45,825,333$5,913,996$2,818,220$25,729,348
86$50,421,762$6,126,027$2,834,877$28,126,288
87$55,484,578$6,345,999$2,849,641$30,761,479
88$61,061,275$6,574,223$2,862,374$33,659,049
89$67,204,190$6,811,024$2,872,928$36,845,584
90$73,970,993$7,056,740$2,881,147$40,350,379
91$81,425,237$7,311,724$2,886,869$44,205,708
92$89,636,955$7,576,342$2,889,922$48,447,134
93$98,683,317$7,850,975$2,890,127$53,113,841
94$108,649,365$8,136,023$2,887,296$58,249,005
95$119,628,811$8,431,899$2,881,231$63,900,198
96$131,724,923$8,739,035$2,871,726$70,119,842
97$145,051,498$9,057,880$2,858,562$76,965,695
98$159,733,939$9,388,905$2,841,511$84,501,403
99$175,910,435$9,732,595$2,820,337$92,797,098
100$193,733,269$10,089,462$2,794,787$101,930,056