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

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$141,210$139,952$138,725$137,527$136,358$131,624
2 years$69,906$68,604$67,342$66,119$64,932$60,212
3 years$46,141$44,834$43,575$42,363$41,196$36,638
4 years$34,261$32,957$31,711$30,520$29,381$25,020
5 years$27,135$25,839$24,609$23,442$22,335$18,182
6 years$22,385$21,099$19,888$18,747$17,673$13,731
7 years$18,994$17,719$16,527$15,413$14,373$10,642
8 years$16,452$15,189$14,016$12,930$11,924$8,400
9 years$14,476$13,225$12,072$11,013$10,041$6,721
10 years$12,896$11,657$10,525$9,493$8,556$5,433
11 years$11,604$10,377$9,266$8,262$7,358$4,427
12 years$10,529$9,314$8,223$7,247$6,377$3,630
13 years$9,619$8,417$7,347$6,398$5,560$2,991
14 years$8,840$7,651$6,601$5,679$4,874$2,474
15 years$8,166$6,989$5,960$5,065$4,292$2,054
16 years$7,576$6,413$5,404$4,535$3,793$1,709
17 years$7,056$5,906$4,917$4,075$3,363$1,426
18 years$6,595$5,457$4,489$3,672$2,990$1,191
19 years$6,182$5,058$4,109$3,318$2,665$997
20 years$5,812$4,700$3,771$3,005$2,381$835
21 years$5,477$4,378$3,469$2,727$2,131$700
22 years$5,173$4,086$3,197$2,480$1,910$588
23 years$4,895$3,822$2,952$2,258$1,714$494
24 years$4,642$3,581$2,730$2,060$1,541$415
25 years$4,409$3,361$2,529$1,881$1,386$349
26 years$4,194$3,158$2,345$1,720$1,249$294
27 years$3,995$2,972$2,178$1,574$1,126$247
28 years$3,811$2,801$2,024$1,443$1,016$208
29 years$3,640$2,642$1,884$1,323$917$175
30 years$3,481$2,495$1,755$1,214$829$148
31 years$3,332$2,359$1,636$1,115$749$124
32 years$3,193$2,232$1,526$1,025$678$105
33 years$3,062$2,114$1,425$942$614$88
34 years$2,940$2,003$1,332$867$555$74
35 years$2,825$1,900$1,245$798$503$63
36 years$2,716$1,804$1,165$735$456$53
37 years$2,613$1,713$1,090$677$413$45
38 years$2,516$1,628$1,021$624$375$38
39 years$2,425$1,548$956$576$340$32
40 years$2,338$1,473$896$531$308$27
41 years$2,255$1,402$841$490$280$22
42 years$2,177$1,335$788$452$254$19
43 years$2,103$1,272$740$417$230$16
44 years$2,032$1,213$694$385$209$13
45 years$1,964$1,156$652$356$190$11
46 years$1,900$1,103$612$329$172$10
47 years$1,838$1,053$575$304$156$8
48 years$1,780$1,005$541$281$142$7
49 years$1,723$960$508$259$129$6
50 years$1,670$917$478$240$117$5

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 $3,167 every year, while hoping to spend $28,123 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: 62/30/8 Blend
49$1,710,000$1,710,000$1,710,000$1,710,000
50$1,887,687$1,797,057$1,770,552$2,001,403
51$2,050,308$1,855,190$1,799,943$2,135,912
52$2,228,574$1,915,229$1,829,375$2,279,115
53$2,424,051$1,977,238$1,858,822$2,434,700
54$2,638,464$2,041,282$1,888,252$2,603,864
55$2,873,713$2,107,430$1,917,634$2,787,925
56$3,131,890$2,175,752$1,946,933$2,988,331
57$3,415,300$2,246,322$1,976,112$3,206,678
58$3,726,483$2,319,213$2,005,134$3,444,720
59$4,068,235$2,394,506$2,033,957$3,704,391
60$4,443,638$2,472,280$2,062,538$3,987,817
61$4,856,086$2,552,618$2,090,830$4,297,340
62$5,309,318$2,635,608$2,118,784$4,635,539
63$5,807,455$2,721,339$2,146,350$5,005,251
64$6,355,033$2,809,903$2,173,471$5,409,602
65$6,957,055$2,901,396$2,200,090$5,852,035
66$7,619,027$2,995,917$2,226,145$6,336,338
67$8,347,019$3,093,569$2,251,573$6,866,686
68$9,147,719$3,194,457$2,276,304$7,447,675
69$10,028,493$3,298,692$2,300,267$8,084,368
70$10,997,459$3,406,388$2,323,385$8,782,340
71$12,063,560$3,517,661$2,345,579$9,547,733
72$13,236,650$3,632,634$2,366,764$10,387,310
73$14,527,589$3,751,433$2,386,850$11,308,523
74$15,948,338$3,874,188$2,405,744$12,319,579
75$17,512,079$4,001,035$2,423,348$13,429,519
76$19,233,339$4,132,113$2,439,558$14,648,303
77$21,128,120$4,267,567$2,454,264$15,986,902
78$23,214,058$4,407,547$2,467,351$17,457,402
79$25,510,584$4,552,209$2,478,699$19,073,119
80$28,039,109$4,701,713$2,488,181$20,848,723
81$30,823,227$4,856,225$2,495,664$22,800,374
82$33,888,935$5,015,919$2,501,008$24,945,878
83$37,264,880$5,180,973$2,504,065$27,304,853
84$40,982,628$5,351,571$2,504,682$29,898,911
85$45,076,964$5,527,906$2,502,697$32,751,865
86$49,586,217$5,710,176$2,497,939$35,889,951
87$54,552,622$5,898,586$2,490,232$39,342,079
88$60,022,722$6,093,349$2,479,387$43,140,097
89$66,047,803$6,294,686$2,465,209$47,319,101
90$72,684,379$6,502,826$2,447,494$51,917,759
91$79,994,726$6,718,005$2,426,026$56,978,678
92$88,047,470$6,940,469$2,400,580$62,548,803
93$96,918,232$7,170,472$2,370,919$68,679,863
94$106,690,345$7,408,278$2,336,798$75,428,857
95$117,455,636$7,654,160$2,297,956$82,858,590
96$129,315,297$7,908,400$2,254,124$91,038,268
97$142,380,838$8,171,292$2,205,018$100,044,147
98$156,775,139$8,443,141$2,150,342$109,960,256
99$172,633,609$8,724,261$2,089,784$120,879,185
100$190,105,467$9,014,979$2,023,021$132,902,963