Can I retire at age 50 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$142,036$140,771$139,536$138,332$137,155$134,661
2 years$70,315$69,005$67,736$66,506$65,312$62,809
3 years$46,411$45,096$43,830$42,611$41,437$39,001
4 years$34,461$33,150$31,897$30,699$29,553$27,205
5 years$27,293$25,990$24,753$23,580$22,466$20,211
6 years$22,516$21,223$20,004$18,857$17,776$15,618
7 years$19,106$17,823$16,624$15,503$14,457$12,395
8 years$16,549$15,278$14,098$13,005$11,993$10,028
9 years$14,561$13,302$12,143$11,078$10,100$8,230
10 years$12,972$11,725$10,586$9,549$8,606$6,829
11 years$11,672$10,438$9,320$8,310$7,401$5,716
12 years$10,590$9,369$8,271$7,289$6,414$4,818
13 years$9,675$8,466$7,390$6,435$5,593$4,084
14 years$8,892$7,696$6,640$5,713$4,903$3,478
15 years$8,213$7,030$5,995$5,095$4,317$2,973
16 years$7,620$6,450$5,435$4,562$3,815$2,549
17 years$7,098$5,940$4,946$4,099$3,383$2,192
18 years$6,633$5,489$4,515$3,694$3,008$1,889
19 years$6,219$5,087$4,133$3,338$2,681$1,632
20 years$5,846$4,727$3,793$3,023$2,395$1,411
21 years$5,509$4,403$3,489$2,743$2,143$1,222
22 years$5,203$4,110$3,216$2,494$1,921$1,060
23 years$4,924$3,844$2,969$2,272$1,724$920
24 years$4,669$3,602$2,746$2,072$1,550$800
25 years$4,434$3,380$2,543$1,892$1,395$695
26 years$4,218$3,177$2,359$1,730$1,256$605
27 years$4,019$2,990$2,190$1,584$1,133$527
28 years$3,834$2,817$2,036$1,451$1,022$459
29 years$3,661$2,658$1,895$1,331$923$400
30 years$3,501$2,510$1,765$1,221$834$349
31 years$3,352$2,373$1,645$1,121$754$304
32 years$3,212$2,245$1,535$1,031$682$265
33 years$3,080$2,126$1,433$948$617$232
34 years$2,957$2,015$1,339$872$559$202
35 years$2,841$1,911$1,252$803$506$176
36 years$2,732$1,814$1,171$739$459$154
37 years$2,629$1,723$1,096$681$416$135
38 years$2,531$1,637$1,027$628$377$118
39 years$2,439$1,557$962$579$342$103
40 years$2,352$1,481$902$534$310$90
41 years$2,269$1,410$845$493$281$78
42 years$2,190$1,343$793$455$255$68
43 years$2,115$1,280$744$420$232$60
44 years$2,044$1,220$699$388$210$52
45 years$1,976$1,163$656$358$191$46
46 years$1,911$1,110$616$331$173$40
47 years$1,849$1,059$579$305$157$35
48 years$1,790$1,011$544$282$143$30
49 years$1,733$965$511$261$130$27
50 years$1,679$922$481$241$118$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,720,000, adding $3,386 every year, while hoping to spend $39,903 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: 67/28/5 Blend
49$1,720,000$1,720,000$1,720,000$1,720,000
50$1,898,933$1,807,773$1,781,113$2,024,783
51$2,050,167$1,853,897$1,798,323$2,154,731
52$2,215,491$1,900,944$1,814,773$2,291,576
53$2,396,297$1,948,917$1,830,395$2,440,086
54$2,594,123$1,997,818$1,845,117$2,601,392
55$2,810,660$2,047,647$1,858,864$2,776,739
56$3,047,769$2,098,403$1,871,558$2,967,497
57$3,307,501$2,150,085$1,883,115$3,175,176
58$3,592,116$2,202,688$1,893,449$3,401,437
59$3,904,099$2,256,208$1,902,467$3,648,112
60$4,246,191$2,310,636$1,910,073$3,917,215
61$4,621,408$2,365,962$1,916,166$4,210,966
62$5,033,073$2,422,176$1,920,640$4,531,811
63$5,484,848$2,479,264$1,923,382$4,882,441
64$5,980,763$2,537,208$1,924,276$5,265,823
65$6,525,260$2,595,991$1,923,198$5,685,224
66$7,123,230$2,655,588$1,920,020$6,144,243
67$7,780,065$2,715,977$1,914,605$6,646,846
68$8,501,700$2,777,128$1,906,813$7,197,401
69$9,294,675$2,839,010$1,896,493$7,800,719
70$10,166,197$2,901,586$1,883,491$8,462,102
71$11,124,204$2,964,818$1,867,642$9,187,392
72$12,177,440$3,028,662$1,848,776$9,983,024
73$13,335,541$3,093,069$1,826,712$10,856,089
74$14,609,123$3,157,986$1,801,263$11,814,399
75$16,009,880$3,223,354$1,772,233$12,866,562
76$17,550,700$3,289,110$1,739,415$14,022,065
77$19,245,780$3,355,185$1,702,593$15,291,358
78$21,110,762$3,421,501$1,661,542$16,685,957
79$23,162,882$3,487,978$1,616,027$18,218,552
80$25,421,132$3,554,524$1,565,799$19,903,125
81$27,906,436$3,621,044$1,510,602$21,755,085
82$30,641,849$3,687,433$1,450,164$23,791,411
83$33,652,777$3,753,576$1,384,204$26,030,812
84$36,967,212$3,819,353$1,312,427$28,493,905
85$40,615,997$3,884,631$1,234,523$31,203,408
86$44,633,120$3,949,269$1,150,170$34,184,358
87$49,056,029$4,013,114$1,059,031$37,464,344
88$53,925,990$4,076,003$960,755$41,073,766
89$59,288,474$4,137,760$854,974$45,046,129
90$65,193,586$4,198,198$741,303$49,418,350
91$71,696,536$4,257,114$619,341$54,231,116
92$78,858,163$4,314,292$488,669$59,529,261
93$86,745,506$4,369,503$348,850$65,362,193
94$95,432,438$4,422,499$199,427$71,784,359
95$105,000,363$4,473,017$39,923$78,855,761
96$115,538,981$4,520,776$0$86,642,521
97$127,147,138$4,565,475$0$95,224,458
98$139,933,757$4,606,795$0$104,677,645
99$154,018,866$4,644,394$0$115,088,473
100$169,534,730$4,677,909$0$126,554,490