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%18.9%
1 years$141,210$139,952$138,725$137,527$136,358$131,467
2 years$69,906$68,604$67,342$66,119$64,932$60,058
3 years$46,141$44,834$43,575$42,363$41,196$36,491
4 years$34,261$32,957$31,711$30,520$29,381$24,882
5 years$27,135$25,839$24,609$23,442$22,335$18,053
6 years$22,385$21,099$19,888$18,747$17,673$13,611
7 years$18,994$17,719$16,527$15,413$14,373$10,531
8 years$16,452$15,189$14,016$12,930$11,924$8,298
9 years$14,476$13,225$12,072$11,013$10,041$6,627
10 years$12,896$11,657$10,525$9,493$8,556$5,347
11 years$11,604$10,377$9,266$8,262$7,358$4,348
12 years$10,529$9,314$8,223$7,247$6,377$3,558
13 years$9,619$8,417$7,347$6,398$5,560$2,926
14 years$8,840$7,651$6,601$5,679$4,874$2,416
15 years$8,166$6,989$5,960$5,065$4,292$2,001
16 years$7,576$6,413$5,404$4,535$3,793$1,661
17 years$7,056$5,906$4,917$4,075$3,363$1,383
18 years$6,595$5,457$4,489$3,672$2,990$1,153
19 years$6,182$5,058$4,109$3,318$2,665$962
20 years$5,812$4,700$3,771$3,005$2,381$804
21 years$5,477$4,378$3,469$2,727$2,131$673
22 years$5,173$4,086$3,197$2,480$1,910$564
23 years$4,895$3,822$2,952$2,258$1,714$472
24 years$4,642$3,581$2,730$2,060$1,541$396
25 years$4,409$3,361$2,529$1,881$1,386$332
26 years$4,194$3,158$2,345$1,720$1,249$279
27 years$3,995$2,972$2,178$1,574$1,126$234
28 years$3,811$2,801$2,024$1,443$1,016$197
29 years$3,640$2,642$1,884$1,323$917$165
30 years$3,481$2,495$1,755$1,214$829$139
31 years$3,332$2,359$1,636$1,115$749$117
32 years$3,193$2,232$1,526$1,025$678$98
33 years$3,062$2,114$1,425$942$614$82
34 years$2,940$2,003$1,332$867$555$69
35 years$2,825$1,900$1,245$798$503$58
36 years$2,716$1,804$1,165$735$456$49
37 years$2,613$1,713$1,090$677$413$41
38 years$2,516$1,628$1,021$624$375$35
39 years$2,425$1,548$956$576$340$29
40 years$2,338$1,473$896$531$308$24
41 years$2,255$1,402$841$490$280$21
42 years$2,177$1,335$788$452$254$17
43 years$2,103$1,272$740$417$230$15
44 years$2,032$1,213$694$385$209$12
45 years$1,964$1,156$652$356$190$10
46 years$1,900$1,103$612$329$172$9
47 years$1,838$1,053$575$304$156$7
48 years$1,780$1,005$541$281$142$6
49 years$1,723$960$508$259$129$5
50 years$1,670$917$478$240$117$4

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 $4,544 every year, while hoping to spend $31,839 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: 46/25/29 Blend
49$1,710,000$1,710,000$1,710,000$1,710,000
50$1,889,107$1,798,477$1,771,972$1,960,041
51$2,047,920$1,852,726$1,797,457$2,065,067
52$2,221,864$1,908,566$1,822,728$2,175,535
53$2,412,450$1,966,042$1,847,745$2,294,793
54$2,621,340$2,025,198$1,872,465$2,423,685
55$2,850,366$2,086,082$1,896,842$2,563,136
56$3,101,544$2,148,741$1,920,827$2,714,168
57$3,377,097$2,213,224$1,944,370$2,877,903
58$3,679,470$2,279,582$1,967,416$3,055,581
59$4,011,360$2,347,865$1,989,908$3,248,562
60$4,375,735$2,418,127$2,011,786$3,458,349
61$4,775,865$2,490,420$2,032,986$3,686,593
62$5,215,354$2,564,801$2,053,442$3,935,116
63$5,698,169$2,641,326$2,073,082$4,205,923
64$6,228,684$2,720,052$2,091,831$4,501,224
65$6,811,714$2,801,039$2,109,611$4,823,451
66$7,452,565$2,884,347$2,126,340$5,175,286
67$8,157,085$2,970,037$2,141,930$5,559,683
68$8,931,712$3,058,174$2,156,290$5,979,896
69$9,783,544$3,148,822$2,169,322$6,439,509
70$10,720,397$3,242,046$2,180,927$6,942,474
71$11,750,886$3,337,915$2,190,996$7,493,141
72$12,884,501$3,436,497$2,199,419$8,096,307
73$14,131,698$3,537,862$2,206,077$8,757,256
74$15,503,997$3,642,084$2,210,847$9,481,809
75$17,014,093$3,749,234$2,213,599$10,276,382
76$18,675,973$3,859,389$2,214,196$11,148,044
77$20,505,047$3,972,624$2,212,497$12,104,584
78$22,518,297$4,089,018$2,208,351$13,154,587
79$24,734,433$4,208,650$2,201,600$14,307,511
80$27,174,072$4,331,600$2,192,081$15,573,779
81$29,859,931$4,457,952$2,179,619$16,964,876
82$32,817,042$4,587,790$2,164,034$18,493,460
83$36,072,987$4,721,198$2,145,136$20,173,478
84$39,658,160$4,858,265$2,122,726$22,020,301
85$43,606,051$4,999,079$2,096,596$24,050,867
86$47,953,563$5,143,729$2,066,527$26,283,842
87$52,741,362$5,292,307$2,032,292$28,739,795
88$58,014,258$5,444,907$1,993,650$31,441,393
89$63,821,627$5,601,622$1,950,352$34,413,618
90$70,217,880$5,762,549$1,902,136$37,683,997
91$77,262,974$5,927,784$1,848,728$41,282,868
92$85,022,979$6,097,426$1,789,841$45,243,663
93$93,570,697$6,271,575$1,725,176$49,603,224
94$102,986,358$6,450,331$1,654,418$54,402,153
95$113,358,366$6,633,797$1,577,241$59,685,193
96$124,784,142$6,822,076$1,493,302$65,501,654
97$137,371,039$7,015,273$1,402,242$71,905,874
98$151,237,355$7,213,491$1,303,687$78,957,738
99$166,513,451$7,416,838$1,197,246$86,723,238
100$183,342,981$7,625,421$1,082,512$95,275,102