Can I retire at age 50 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$141,210$139,952$138,725$137,527$136,358$133,007
2 years$69,906$68,604$67,342$66,119$64,932$61,578
3 years$46,141$44,834$43,575$42,363$41,196$37,941
4 years$34,261$32,957$31,711$30,520$29,381$26,252
5 years$27,135$25,839$24,609$23,442$22,335$19,341
6 years$22,385$21,099$19,888$18,747$17,673$14,816
7 years$18,994$17,719$16,527$15,413$14,373$11,653
8 years$16,452$15,189$14,016$12,930$11,924$9,340
9 years$14,476$13,225$12,072$11,013$10,041$7,592
10 years$12,896$11,657$10,525$9,493$8,556$6,238
11 years$11,604$10,377$9,266$8,262$7,358$5,169
12 years$10,529$9,314$8,223$7,247$6,377$4,311
13 years$9,619$8,417$7,347$6,398$5,560$3,616
14 years$8,840$7,651$6,601$5,679$4,874$3,046
15 years$8,166$6,989$5,960$5,065$4,292$2,575
16 years$7,576$6,413$5,404$4,535$3,793$2,183
17 years$7,056$5,906$4,917$4,075$3,363$1,856
18 years$6,595$5,457$4,489$3,672$2,990$1,581
19 years$6,182$5,058$4,109$3,318$2,665$1,349
20 years$5,812$4,700$3,771$3,005$2,381$1,153
21 years$5,477$4,378$3,469$2,727$2,131$986
22 years$5,173$4,086$3,197$2,480$1,910$845
23 years$4,895$3,822$2,952$2,258$1,714$724
24 years$4,642$3,581$2,730$2,060$1,541$622
25 years$4,409$3,361$2,529$1,881$1,386$534
26 years$4,194$3,158$2,345$1,720$1,249$459
27 years$3,995$2,972$2,178$1,574$1,126$394
28 years$3,811$2,801$2,024$1,443$1,016$339
29 years$3,640$2,642$1,884$1,323$917$291
30 years$3,481$2,495$1,755$1,214$829$251
31 years$3,332$2,359$1,636$1,115$749$216
32 years$3,193$2,232$1,526$1,025$678$186
33 years$3,062$2,114$1,425$942$614$160
34 years$2,940$2,003$1,332$867$555$138
35 years$2,825$1,900$1,245$798$503$119
36 years$2,716$1,804$1,165$735$456$102
37 years$2,613$1,713$1,090$677$413$88
38 years$2,516$1,628$1,021$624$375$76
39 years$2,425$1,548$956$576$340$65
40 years$2,338$1,473$896$531$308$56
41 years$2,255$1,402$841$490$280$49
42 years$2,177$1,335$788$452$254$42
43 years$2,103$1,272$740$417$230$36
44 years$2,032$1,213$694$385$209$31
45 years$1,964$1,156$652$356$190$27
46 years$1,900$1,103$612$329$172$23
47 years$1,838$1,053$575$304$156$20
48 years$1,780$1,005$541$281$142$17
49 years$1,723$960$508$259$129$15
50 years$1,670$917$478$240$117$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,710,000, adding $6,918 every year, while hoping to spend $28,993 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: 51/36/13 Blend
49$1,710,000$1,710,000$1,710,000$1,710,000
50$1,891,556$1,800,926$1,774,421$1,981,068
51$2,053,646$1,858,323$1,803,016$2,100,495
52$2,231,298$1,917,561$1,831,597$2,226,621
53$2,426,068$1,978,699$1,860,133$2,363,082
54$2,639,671$2,041,799$1,888,591$2,510,860
55$2,873,995$2,106,924$1,916,936$2,671,036
56$3,131,119$2,174,141$1,945,131$2,844,798
57$3,413,336$2,243,516$1,973,135$3,033,455
58$3,723,168$2,315,120$2,000,907$3,238,446
59$4,063,396$2,389,026$2,028,402$3,461,354
60$4,437,081$2,465,307$2,055,573$3,703,922
61$4,847,598$2,544,042$2,082,369$3,968,070
62$5,298,663$2,625,310$2,108,738$4,255,908
63$5,794,370$2,709,193$2,134,624$4,569,761
64$6,339,228$2,795,776$2,159,967$4,912,189
65$6,938,208$2,885,148$2,184,704$5,286,010
66$7,596,784$2,977,399$2,208,770$5,694,325
67$8,320,988$3,072,623$2,232,096$6,140,550
68$9,117,464$3,170,917$2,254,606$6,628,448
69$9,993,534$3,272,381$2,276,224$7,162,160
70$10,957,265$3,377,118$2,296,869$7,746,249
71$12,017,545$3,485,236$2,316,453$8,385,738
72$13,184,167$3,596,845$2,334,886$9,086,161
73$14,467,921$3,712,058$2,352,073$9,853,612
74$15,880,694$3,830,995$2,367,913$10,694,805
75$17,435,588$3,953,777$2,382,301$11,617,134
76$19,147,035$4,080,529$2,395,126$12,628,743
77$21,030,940$4,211,382$2,406,270$13,738,604
78$23,104,827$4,346,471$2,415,611$14,956,601
79$25,388,006$4,485,934$2,423,020$16,293,621
80$27,901,752$4,629,915$2,428,361$17,761,659
81$30,669,513$4,778,563$2,431,493$19,373,929
82$33,717,121$4,932,030$2,432,266$21,144,987
83$37,073,044$5,090,476$2,430,523$23,090,872
84$40,768,649$5,254,064$2,426,100$25,229,253
85$44,838,502$5,422,964$2,418,825$27,579,598
86$49,320,690$5,597,350$2,408,517$30,163,354
87$54,257,185$5,777,405$2,394,987$33,004,154
88$59,694,234$5,963,314$2,378,035$36,128,033
89$65,682,801$6,155,271$2,357,455$39,563,680
90$72,279,044$6,353,477$2,333,027$43,342,702
91$79,544,846$6,558,137$2,304,523$47,499,928
92$87,548,401$6,769,467$2,271,705$52,073,732
93$96,364,853$6,987,685$2,234,322$57,106,396
94$106,077,008$7,213,022$2,192,112$62,644,511
95$116,776,115$7,445,712$2,144,800$68,739,413
96$128,562,728$7,686,001$2,092,100$75,447,669
97$141,547,652$7,934,141$2,033,711$82,831,608
98$155,852,991$8,190,393$1,969,319$90,959,914
99$171,613,300$8,455,026$1,898,596$99,908,266
100$188,976,855$8,728,321$1,821,197$109,760,058