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%13.8%
1 years$139,559$138,316$137,103$135,919$134,763$132,640
2 years$69,088$67,802$66,555$65,346$64,173$62,039
3 years$45,601$44,309$43,065$41,868$40,714$38,636
4 years$33,860$32,572$31,341$30,163$29,037$27,032
5 years$26,817$25,537$24,322$23,168$22,074$20,146
6 years$22,124$20,853$19,655$18,528$17,466$15,618
7 years$18,772$17,512$16,334$15,233$14,205$12,437
8 years$16,260$15,011$13,852$12,778$11,784$10,097
9 years$14,307$13,070$11,931$10,884$9,924$8,316
10 years$12,745$11,520$10,402$9,382$8,456$6,926
11 years$11,469$10,256$9,157$8,166$7,272$5,819
12 years$10,405$9,205$8,127$7,162$6,302$4,924
13 years$9,507$8,319$7,261$6,323$5,495$4,190
14 years$8,737$7,562$6,524$5,613$4,817$3,583
15 years$8,070$6,908$5,890$5,006$4,241$3,075
16 years$7,487$6,338$5,340$4,482$3,749$2,648
17 years$6,974$5,837$4,860$4,027$3,324$2,287
18 years$6,518$5,393$4,436$3,629$2,955$1,980
19 years$6,110$4,999$4,061$3,279$2,634$1,717
20 years$5,744$4,645$3,727$2,970$2,353$1,492
21 years$5,413$4,327$3,428$2,696$2,106$1,298
22 years$5,112$4,039$3,160$2,451$1,887$1,131
23 years$4,838$3,777$2,917$2,232$1,694$986
24 years$4,587$3,539$2,698$2,036$1,523$861
25 years$4,357$3,321$2,499$1,859$1,370$752
26 years$4,145$3,121$2,318$1,700$1,234$658
27 years$3,949$2,938$2,152$1,556$1,113$576
28 years$3,767$2,768$2,001$1,426$1,004$504
29 years$3,598$2,611$1,862$1,307$907$441
30 years$3,440$2,466$1,734$1,200$819$387
31 years$3,293$2,331$1,617$1,102$741$339
32 years$3,156$2,206$1,508$1,013$670$297
33 years$3,027$2,089$1,408$931$606$261
34 years$2,905$1,980$1,316$857$549$229
35 years$2,791$1,878$1,230$789$497$201
36 years$2,684$1,782$1,151$726$451$176
37 years$2,583$1,693$1,077$669$408$155
38 years$2,487$1,609$1,009$617$370$136
39 years$2,396$1,530$945$569$336$119
40 years$2,310$1,456$886$525$304$105
41 years$2,229$1,386$831$484$276$92
42 years$2,152$1,320$779$447$251$81
43 years$2,078$1,257$731$412$227$71
44 years$2,008$1,198$686$381$206$62
45 years$1,941$1,143$644$352$187$55
46 years$1,878$1,090$605$325$170$48
47 years$1,817$1,040$569$300$155$42
48 years$1,759$993$534$277$140$37
49 years$1,703$948$502$256$127$33
50 years$1,650$906$472$237$116$29

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 $5,899 every year, while hoping to spend $55,692 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: 49/32/19 Blend
49$1,690,000$1,690,000$1,690,000$1,690,000
50$1,868,465$1,778,895$1,752,700$1,949,804
51$1,999,792$1,806,805$1,752,159$2,034,687
52$2,142,649$1,834,216$1,749,734$2,120,686
53$2,298,151$1,861,045$1,745,303$2,212,929
54$2,467,529$1,887,202$1,738,737$2,312,023
55$2,652,134$1,912,593$1,729,902$2,418,642
56$2,853,457$1,937,114$1,718,658$2,533,528
57$3,073,134$1,960,658$1,704,858$2,657,500
58$3,312,970$1,983,107$1,688,347$2,791,462
59$3,574,951$2,004,336$1,668,965$2,936,414
60$3,861,261$2,024,214$1,646,540$3,093,457
61$4,174,308$2,042,598$1,620,897$3,263,809
62$4,516,739$2,059,338$1,591,849$3,448,814
63$4,891,474$2,074,272$1,559,203$3,649,955
64$5,301,723$2,087,231$1,522,756$3,868,869
65$5,751,024$2,098,030$1,482,293$4,107,364
66$6,243,273$2,106,478$1,437,594$4,367,434
67$6,782,758$2,112,367$1,388,425$4,651,281
68$7,374,205$2,115,479$1,334,543$4,961,336
69$8,022,818$2,115,581$1,275,694$5,300,280
70$8,734,327$2,112,426$1,211,611$5,671,072
71$9,515,044$2,105,751$1,142,017$6,076,980
72$10,371,925$2,095,279$1,066,620$6,521,608
73$11,312,627$2,080,713$985,118$7,008,933
74$12,345,588$2,061,741$897,192$7,543,343
75$13,480,102$2,038,030$802,512$8,129,681
76$14,726,406$2,009,228$700,730$8,773,289
77$16,095,781$1,974,962$591,486$9,480,062
78$17,600,652$1,934,836$474,402$10,256,502
79$19,254,707$1,888,432$349,083$11,109,784
80$21,073,028$1,835,305$215,118$12,047,821
81$23,072,229$1,774,987$72,077$13,079,345
82$25,270,615$1,706,981$0$14,213,983
83$27,688,356$1,630,760$0$15,478,695
84$30,347,670$1,545,770$0$16,885,515
85$33,273,039$1,451,420$0$18,432,839
86$36,491,439$1,347,089$0$20,135,023
87$40,032,589$1,232,119$0$22,007,892
88$43,929,235$1,105,815$0$24,068,897
89$48,217,459$967,442$0$26,337,271
90$52,937,016$816,223$0$28,834,222
91$58,131,711$651,337$0$31,583,127
92$63,849,811$471,918$0$34,609,757
93$70,144,500$277,051$0$37,942,523
94$77,074,382$65,769$0$41,612,743
95$84,704,027$0$0$45,654,942
96$93,104,591$0$0$50,164,559
97$102,354,476$0$0$55,155,845
98$112,540,075$0$0$60,652,289
99$123,756,588$0$0$66,705,292
100$136,108,913$0$0$73,371,496