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%18.3%
1 years$141,210$139,952$138,725$137,527$136,358$131,782
2 years$69,906$68,604$67,342$66,119$64,932$60,367
3 years$46,141$44,834$43,575$42,363$41,196$36,785
4 years$34,261$32,957$31,711$30,520$29,381$25,158
5 years$27,135$25,839$24,609$23,442$22,335$18,312
6 years$22,385$21,099$19,888$18,747$17,673$13,852
7 years$18,994$17,719$16,527$15,413$14,373$10,754
8 years$16,452$15,189$14,016$12,930$11,924$8,504
9 years$14,476$13,225$12,072$11,013$10,041$6,816
10 years$12,896$11,657$10,525$9,493$8,556$5,521
11 years$11,604$10,377$9,266$8,262$7,358$4,507
12 years$10,529$9,314$8,223$7,247$6,377$3,703
13 years$9,619$8,417$7,347$6,398$5,560$3,057
14 years$8,840$7,651$6,601$5,679$4,874$2,535
15 years$8,166$6,989$5,960$5,065$4,292$2,108
16 years$7,576$6,413$5,404$4,535$3,793$1,758
17 years$7,056$5,906$4,917$4,075$3,363$1,470
18 years$6,595$5,457$4,489$3,672$2,990$1,231
19 years$6,182$5,058$4,109$3,318$2,665$1,032
20 years$5,812$4,700$3,771$3,005$2,381$867
21 years$5,477$4,378$3,469$2,727$2,131$729
22 years$5,173$4,086$3,197$2,480$1,910$613
23 years$4,895$3,822$2,952$2,258$1,714$516
24 years$4,642$3,581$2,730$2,060$1,541$435
25 years$4,409$3,361$2,529$1,881$1,386$367
26 years$4,194$3,158$2,345$1,720$1,249$309
27 years$3,995$2,972$2,178$1,574$1,126$261
28 years$3,811$2,801$2,024$1,443$1,016$220
29 years$3,640$2,642$1,884$1,323$917$186
30 years$3,481$2,495$1,755$1,214$829$157
31 years$3,332$2,359$1,636$1,115$749$132
32 years$3,193$2,232$1,526$1,025$678$112
33 years$3,062$2,114$1,425$942$614$95
34 years$2,940$2,003$1,332$867$555$80
35 years$2,825$1,900$1,245$798$503$67
36 years$2,716$1,804$1,165$735$456$57
37 years$2,613$1,713$1,090$677$413$48
38 years$2,516$1,628$1,021$624$375$41
39 years$2,425$1,548$956$576$340$34
40 years$2,338$1,473$896$531$308$29
41 years$2,255$1,402$841$490$280$25
42 years$2,177$1,335$788$452$254$21
43 years$2,103$1,272$740$417$230$18
44 years$2,032$1,213$694$385$209$15
45 years$1,964$1,156$652$356$190$13
46 years$1,900$1,103$612$329$172$11
47 years$1,838$1,053$575$304$156$9
48 years$1,780$1,005$541$281$142$8
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 $3,948 every year, while hoping to spend $49,996 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: 65/23/12 Blend
49$1,710,000$1,710,000$1,710,000$1,710,000
50$1,888,492$1,797,862$1,771,357$2,005,849
51$2,027,923$1,832,762$1,777,502$2,119,578
52$2,179,900$1,867,697$1,782,178$2,237,584
53$2,345,651$1,902,614$1,785,281$2,365,262
54$2,526,525$1,937,460$1,786,706$2,503,551
55$2,724,009$1,972,174$1,786,339$2,653,489
56$2,939,740$2,006,692$1,784,063$2,816,218
57$3,175,518$2,040,945$1,779,754$2,992,995
58$3,433,327$2,074,858$1,773,283$3,185,208
59$3,715,351$2,108,351$1,764,512$3,394,385
60$4,023,994$2,141,337$1,753,300$3,622,209
61$4,361,904$2,173,725$1,739,498$3,870,537
62$4,731,995$2,205,414$1,722,948$4,141,413
63$5,137,478$2,236,299$1,703,487$4,437,091
64$5,581,890$2,266,267$1,680,943$4,760,056
65$6,069,124$2,295,195$1,655,135$5,113,045
66$6,603,469$2,322,954$1,625,877$5,499,076
67$7,189,649$2,349,405$1,592,970$5,921,475
68$7,832,867$2,374,400$1,556,208$6,383,908
69$8,538,854$2,397,780$1,515,376$6,890,416
70$9,313,924$2,419,378$1,470,248$7,445,451
71$10,165,030$2,439,013$1,420,587$8,053,923
72$11,099,833$2,456,495$1,366,146$8,721,243
73$12,126,772$2,471,619$1,306,668$9,453,374
74$13,255,144$2,484,170$1,241,883$10,256,891
75$14,495,190$2,493,915$1,171,507$11,139,038
76$15,858,193$2,500,611$1,095,247$12,107,803
77$17,356,584$2,503,997$1,012,793$13,171,988
78$19,004,058$2,503,795$923,824$14,341,298
79$20,815,704$2,499,712$828,003$15,626,426
80$22,808,143$2,491,436$724,980$17,039,163
81$24,999,693$2,478,636$614,385$18,592,502
82$27,410,532$2,460,959$495,838$20,300,765
83$30,062,894$2,438,034$368,936$22,179,740
84$32,981,276$2,409,464$233,262$24,246,827
85$36,192,670$2,374,832$88,381$26,521,205
86$39,726,817$2,333,693$0$29,024,014
87$43,616,485$2,285,577$0$31,787,036
88$47,897,781$2,229,985$0$34,840,098
89$52,610,491$2,166,390$0$38,200,245
90$57,798,452$2,094,234$0$41,898,741
91$63,509,968$2,012,925$0$45,970,045
92$69,798,265$1,921,839$0$50,452,130
93$76,721,992$1,820,313$0$55,386,847
94$84,345,775$1,707,649$0$60,820,318
95$92,740,826$1,583,105$0$66,803,374
96$101,985,612$1,445,899$0$73,392,033
97$112,166,601$1,295,205$0$80,648,031
98$123,379,073$1,130,148$0$88,639,405
99$135,728,018$949,805$0$97,441,137
100$149,329,130$753,200$0$107,135,864