Can I retire at age 50 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$140,384$139,134$137,914$136,723$135,560$134,593
2 years$69,497$68,203$66,949$65,732$64,553$63,577
3 years$45,871$44,571$43,320$42,115$40,955$40,002
4 years$34,061$32,765$31,526$30,342$29,209$28,286
5 years$26,976$25,688$24,465$23,305$22,204$21,313
6 years$22,255$20,976$19,772$18,637$17,570$16,711
7 years$18,883$17,616$16,430$15,323$14,289$13,464
8 years$16,356$15,100$13,934$12,854$11,854$11,063
9 years$14,392$13,147$12,002$10,949$9,983$9,226
10 years$12,821$11,589$10,463$9,438$8,506$7,782
11 years$11,537$10,317$9,212$8,214$7,315$6,624
12 years$10,467$9,260$8,175$7,205$6,339$5,680
13 years$9,563$8,368$7,304$6,361$5,528$4,900
14 years$8,788$7,606$6,563$5,646$4,846$4,248
15 years$8,118$6,949$5,925$5,035$4,267$3,699
16 years$7,532$6,375$5,372$4,509$3,771$3,232
17 years$7,015$5,871$4,888$4,051$3,343$2,832
18 years$6,556$5,425$4,462$3,651$2,973$2,489
19 years$6,146$5,028$4,085$3,299$2,650$2,192
20 years$5,778$4,672$3,749$2,988$2,367$1,934
21 years$5,445$4,352$3,448$2,712$2,118$1,709
22 years$5,142$4,063$3,178$2,465$1,899$1,513
23 years$4,867$3,800$2,935$2,245$1,704$1,341
24 years$4,615$3,560$2,714$2,048$1,532$1,190
25 years$4,383$3,341$2,514$1,870$1,378$1,057
26 years$4,169$3,140$2,331$1,710$1,242$940
27 years$3,972$2,955$2,165$1,565$1,119$836
28 years$3,789$2,784$2,013$1,434$1,010$744
29 years$3,619$2,627$1,873$1,315$912$663
30 years$3,460$2,481$1,744$1,207$824$591
31 years$3,313$2,345$1,626$1,108$745$527
32 years$3,174$2,219$1,517$1,019$674$470
33 years$3,044$2,101$1,417$937$610$420
34 years$2,923$1,992$1,324$862$552$375
35 years$2,808$1,889$1,238$793$500$335
36 years$2,700$1,793$1,158$731$453$299
37 years$2,598$1,703$1,084$673$411$267
38 years$2,502$1,618$1,015$621$372$239
39 years$2,411$1,539$951$572$338$213
40 years$2,324$1,464$891$528$306$191
41 years$2,242$1,394$836$487$278$170
42 years$2,164$1,327$784$449$252$152
43 years$2,090$1,265$736$415$229$136
44 years$2,020$1,206$690$383$208$122
45 years$1,953$1,150$648$354$189$109
46 years$1,889$1,097$609$327$171$98
47 years$1,828$1,047$572$302$155$87
48 years$1,769$999$538$279$141$78
49 years$1,713$954$505$258$128$70
50 years$1,660$911$475$238$116$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,700,000, adding $5,219 every year, while hoping to spend $42,659 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: 52/20/28 Blend
49$1,700,000$1,700,000$1,700,000$1,700,000
50$1,878,783$1,788,683$1,762,333$1,961,479
51$2,025,030$1,830,940$1,775,983$2,061,767
52$2,184,765$1,873,838$1,788,660$2,166,072
53$2,359,318$1,917,362$1,800,286$2,278,701
54$2,550,153$1,961,498$1,810,781$2,400,464
55$2,758,885$2,006,228$1,820,059$2,532,258
56$2,987,289$2,051,531$1,828,028$2,675,070
57$3,237,321$2,097,384$1,834,595$2,829,989
58$3,511,133$2,143,761$1,839,660$2,998,215
59$3,811,098$2,190,635$1,843,118$3,181,070
60$4,139,828$2,237,973$1,844,860$3,380,013
61$4,500,197$2,285,741$1,844,769$3,596,651
62$4,895,374$2,333,900$1,842,727$3,832,757
63$5,328,849$2,382,407$1,838,604$4,090,284
64$5,804,464$2,431,217$1,832,270$4,371,387
65$6,326,451$2,480,279$1,823,583$4,678,441
66$6,899,474$2,529,538$1,812,398$5,014,063
67$7,528,669$2,578,934$1,798,562$5,381,141
68$8,219,693$2,628,401$1,781,913$5,782,855
69$8,978,780$2,677,871$1,762,285$6,222,716
70$9,812,794$2,727,266$1,739,501$6,704,590
71$10,729,301$2,776,503$1,713,376$7,232,741
72$11,736,633$2,825,495$1,683,717$7,811,870
73$12,843,970$2,874,145$1,650,322$8,447,160
74$14,061,427$2,922,350$1,612,980$9,144,323
75$15,400,147$2,970,000$1,571,470$9,909,658
76$16,872,407$3,016,975$1,525,559$10,750,109
77$18,491,732$3,063,147$1,475,005$11,673,329
78$20,273,027$3,108,379$1,419,556$12,687,757
79$22,232,711$3,152,524$1,358,946$13,802,695
80$24,388,875$3,195,425$1,292,898$15,028,398
81$26,761,453$3,236,914$1,221,123$16,376,168
82$29,372,409$3,276,811$1,143,318$17,858,467
83$32,245,943$3,314,923$1,059,168$19,489,032
84$35,408,720$3,351,045$968,341$21,283,003
85$38,890,122$3,384,959$870,493$23,257,073
86$42,722,523$3,416,430$765,263$25,429,639
87$46,941,596$3,445,210$652,274$27,820,984
88$51,586,647$3,471,034$531,134$30,453,461
89$56,700,989$3,493,619$401,431$33,351,714
90$62,332,348$3,512,664$262,737$36,542,904
91$68,533,312$3,527,850$114,604$40,056,970
92$75,361,832$3,538,837$0$43,926,914
93$82,881,762$3,545,263$0$48,202,100
94$91,163,465$3,546,744$0$52,947,016
95$100,284,476$3,542,872$0$58,171,730
96$110,330,234$3,533,214$0$63,925,109
97$121,394,887$3,517,310$0$70,261,007
98$133,582,179$3,494,672$0$77,238,771
99$147,006,434$3,464,783$0$84,923,801
100$161,793,626$3,427,094$0$93,388,171