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%
1 years$139,559$138,316$137,103$135,919$134,763$132,530
2 years$69,088$67,802$66,555$65,346$64,173$61,930
3 years$45,601$44,309$43,065$41,868$40,714$38,531
4 years$33,860$32,572$31,341$30,163$29,037$26,931
5 years$26,817$25,537$24,322$23,168$22,074$20,050
6 years$22,124$20,853$19,655$18,528$17,466$15,527
7 years$18,772$17,512$16,334$15,233$14,205$12,351
8 years$16,260$15,011$13,852$12,778$11,784$10,015
9 years$14,307$13,070$11,931$10,884$9,924$8,239
10 years$12,745$11,520$10,402$9,382$8,456$6,854
11 years$11,469$10,256$9,157$8,166$7,272$5,751
12 years$10,405$9,205$8,127$7,162$6,302$4,860
13 years$9,507$8,319$7,261$6,323$5,495$4,130
14 years$8,737$7,562$6,524$5,613$4,817$3,527
15 years$8,070$6,908$5,890$5,006$4,241$3,023
16 years$7,487$6,338$5,340$4,482$3,749$2,600
17 years$6,974$5,837$4,860$4,027$3,324$2,242
18 years$6,518$5,393$4,436$3,629$2,955$1,938
19 years$6,110$4,999$4,061$3,279$2,634$1,678
20 years$5,744$4,645$3,727$2,970$2,353$1,456
21 years$5,413$4,327$3,428$2,696$2,106$1,265
22 years$5,112$4,039$3,160$2,451$1,887$1,100
23 years$4,838$3,777$2,917$2,232$1,694$958
24 years$4,587$3,539$2,698$2,036$1,523$835
25 years$4,357$3,321$2,499$1,859$1,370$729
26 years$4,145$3,121$2,318$1,700$1,234$636
27 years$3,949$2,938$2,152$1,556$1,113$556
28 years$3,767$2,768$2,001$1,426$1,004$486
29 years$3,598$2,611$1,862$1,307$907$425
30 years$3,440$2,466$1,734$1,200$819$371
31 years$3,293$2,331$1,617$1,102$741$325
32 years$3,156$2,206$1,508$1,013$670$285
33 years$3,027$2,089$1,408$931$606$249
34 years$2,905$1,980$1,316$857$549$218
35 years$2,791$1,878$1,230$789$497$191
36 years$2,684$1,782$1,151$726$451$167
37 years$2,583$1,693$1,077$669$408$147
38 years$2,487$1,609$1,009$617$370$129
39 years$2,396$1,530$945$569$336$113
40 years$2,310$1,456$886$525$304$99
41 years$2,229$1,386$831$484$276$87
42 years$2,152$1,320$779$447$251$76
43 years$2,078$1,257$731$412$227$67
44 years$2,008$1,198$686$381$206$58
45 years$1,941$1,143$644$352$187$51
46 years$1,878$1,090$605$325$170$45
47 years$1,817$1,040$569$300$155$39
48 years$1,759$993$534$277$140$34
49 years$1,703$948$502$256$127$30
50 years$1,650$906$472$237$116$27

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 $5,003 every year, while hoping to spend $25,303 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: 55/36/9 Blend
49$1,690,000$1,690,000$1,690,000$1,690,000
50$1,867,541$1,777,971$1,751,776$1,965,894
51$2,031,108$1,838,169$1,783,538$2,093,183
52$2,210,510$1,900,469$1,815,516$2,228,485
53$2,407,337$1,964,947$1,847,691$2,375,191
54$2,623,338$2,031,682$1,880,041$2,534,390
55$2,860,441$2,100,756$1,912,545$2,707,278
56$3,120,768$2,172,255$1,945,177$2,895,171
57$3,406,658$2,246,267$1,977,912$3,099,520
58$3,720,687$2,322,885$2,010,722$3,321,917
59$4,065,693$2,402,202$2,043,577$3,564,116
60$4,444,803$2,484,320$2,076,447$3,828,046
61$4,861,462$2,569,340$2,109,296$4,115,831
62$5,319,463$2,657,370$2,142,090$4,429,809
63$5,822,987$2,748,520$2,174,789$4,772,550
64$6,376,641$2,842,906$2,207,353$5,146,887
65$6,985,498$2,940,648$2,239,739$5,555,936
66$7,655,149$3,041,870$2,271,901$6,003,129
67$8,391,754$3,146,702$2,303,789$6,492,244
68$9,202,100$3,255,278$2,335,353$7,027,440
69$10,093,665$3,367,737$2,366,538$7,613,297
70$11,074,687$3,484,224$2,397,285$8,254,859
71$12,154,244$3,604,890$2,427,534$8,957,678
72$13,342,340$3,729,893$2,457,219$9,727,871
73$14,649,995$3,859,393$2,486,272$10,572,172
74$16,089,352$3,993,562$2,514,620$11,498,000
75$17,673,794$4,132,574$2,542,187$12,513,523
76$19,418,063$4,276,612$2,568,893$13,627,740
77$21,338,407$4,425,867$2,594,652$14,850,563
78$23,452,726$4,580,536$2,619,374$16,192,906
79$25,780,746$4,740,825$2,642,966$17,666,795
80$28,344,203$4,906,947$2,665,326$19,285,476
81$31,167,049$5,079,124$2,686,351$21,063,539
82$34,275,674$5,257,587$2,705,931$23,017,058
83$37,699,161$5,442,577$2,723,948$25,163,739
84$41,469,556$5,634,344$2,740,280$27,523,089
85$45,622,171$5,833,147$2,754,800$30,116,597
86$50,195,919$6,039,258$2,767,372$32,967,937
87$55,233,678$6,252,956$2,777,854$36,103,192
88$60,782,698$6,474,536$2,786,097$39,551,096
89$66,895,046$6,704,302$2,791,945$43,343,308
90$73,628,099$6,942,571$2,795,233$47,514,708
91$81,045,080$7,189,672$2,795,788$52,103,725
92$89,215,661$7,445,948$2,793,430$57,152,701
93$98,216,617$7,711,758$2,787,968$62,708,284
94$108,132,550$7,987,473$2,779,204$68,821,877
95$119,056,690$8,273,479$2,766,927$75,550,111
96$131,091,774$8,570,181$2,750,920$82,955,387
97$144,351,011$8,877,996$2,730,953$91,106,460
98$158,959,160$9,197,363$2,706,785$100,079,087
99$175,053,696$9,528,736$2,678,164$109,956,743
100$192,786,117$9,872,588$2,644,826$120,831,403