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%11.1%
1 years$142,036$140,771$139,536$138,332$137,155$136,520
2 years$70,315$69,005$67,736$66,506$65,312$64,671
3 years$46,411$45,096$43,830$42,611$41,437$40,809
4 years$34,461$33,150$31,897$30,699$29,553$28,944
5 years$27,293$25,990$24,753$23,580$22,466$21,877
6 years$22,516$21,223$20,004$18,857$17,776$17,209
7 years$19,106$17,823$16,624$15,503$14,457$13,912
8 years$16,549$15,278$14,098$13,005$11,993$11,470
9 years$14,561$13,302$12,143$11,078$10,100$9,598
10 years$12,972$11,725$10,586$9,549$8,606$8,125
11 years$11,672$10,438$9,320$8,310$7,401$6,941
12 years$10,590$9,369$8,271$7,289$6,414$5,974
13 years$9,675$8,466$7,390$6,435$5,593$5,174
14 years$8,892$7,696$6,640$5,713$4,903$4,503
15 years$8,213$7,030$5,995$5,095$4,317$3,936
16 years$7,620$6,450$5,435$4,562$3,815$3,453
17 years$7,098$5,940$4,946$4,099$3,383$3,039
18 years$6,633$5,489$4,515$3,694$3,008$2,682
19 years$6,219$5,087$4,133$3,338$2,681$2,372
20 years$5,846$4,727$3,793$3,023$2,395$2,102
21 years$5,509$4,403$3,489$2,743$2,143$1,866
22 years$5,203$4,110$3,216$2,494$1,921$1,659
23 years$4,924$3,844$2,969$2,272$1,724$1,477
24 years$4,669$3,602$2,746$2,072$1,550$1,317
25 years$4,434$3,380$2,543$1,892$1,395$1,175
26 years$4,218$3,177$2,359$1,730$1,256$1,050
27 years$4,019$2,990$2,190$1,584$1,133$938
28 years$3,834$2,817$2,036$1,451$1,022$839
29 years$3,661$2,658$1,895$1,331$923$751
30 years$3,501$2,510$1,765$1,221$834$673
31 years$3,352$2,373$1,645$1,121$754$603
32 years$3,212$2,245$1,535$1,031$682$541
33 years$3,080$2,126$1,433$948$617$485
34 years$2,957$2,015$1,339$872$559$435
35 years$2,841$1,911$1,252$803$506$390
36 years$2,732$1,814$1,171$739$459$351
37 years$2,629$1,723$1,096$681$416$315
38 years$2,531$1,637$1,027$628$377$283
39 years$2,439$1,557$962$579$342$254
40 years$2,352$1,481$902$534$310$228
41 years$2,269$1,410$845$493$281$205
42 years$2,190$1,343$793$455$255$184
43 years$2,115$1,280$744$420$232$166
44 years$2,044$1,220$699$388$210$149
45 years$1,976$1,163$656$358$191$134
46 years$1,911$1,110$616$331$173$121
47 years$1,849$1,059$579$305$157$108
48 years$1,790$1,011$544$282$143$98
49 years$1,733$965$511$261$130$88
50 years$1,679$922$481$241$118$79

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 $4,407 every year, while hoping to spend $33,066 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: 64/22/14 Blend
49$1,720,000$1,720,000$1,720,000$1,720,000
50$1,899,986$1,808,826$1,782,166$2,014,957
51$2,058,602$1,862,276$1,806,686$2,145,918
52$2,232,290$1,917,238$1,830,920$2,284,696
53$2,422,550$1,973,749$1,854,823$2,435,475
54$2,631,037$2,031,850$1,878,347$2,599,424
55$2,859,574$2,091,582$1,901,443$2,777,832
56$3,110,168$2,152,986$1,924,058$2,972,115
57$3,385,027$2,216,105$1,946,136$3,183,833
58$3,686,588$2,280,982$1,967,619$3,414,706
59$4,017,530$2,347,660$1,988,445$3,666,626
60$4,380,809$2,416,186$2,008,548$3,941,677
61$4,779,676$2,486,605$2,027,860$4,242,154
62$5,217,717$2,558,962$2,046,307$4,570,585
63$5,698,880$2,633,307$2,063,814$4,929,756
64$6,227,513$2,709,686$2,080,299$5,322,732
65$6,808,408$2,788,149$2,095,678$5,752,893
66$7,446,844$2,868,747$2,109,861$6,223,959
67$8,148,635$2,951,529$2,122,755$6,740,031
68$8,920,189$3,036,547$2,134,260$7,305,624
69$9,768,564$3,123,853$2,144,273$7,925,715
70$10,701,536$3,213,500$2,152,685$8,605,784
71$11,727,673$3,305,543$2,159,381$9,351,870
72$12,856,416$3,400,034$2,164,240$10,170,626
73$14,098,165$3,497,031$2,167,137$11,069,382
74$15,464,380$3,596,587$2,167,938$12,056,215
75$16,967,687$3,698,760$2,166,504$13,140,022
76$18,621,999$3,803,607$2,162,689$14,330,608
77$20,442,644$3,911,185$2,156,340$15,638,775
78$22,446,512$4,021,552$2,147,297$17,076,426
79$24,652,215$4,134,766$2,135,390$18,656,675
80$27,080,259$4,250,888$2,120,443$20,393,975
81$29,753,238$4,369,974$2,102,271$22,304,248
82$32,696,052$4,492,087$2,080,681$24,405,039
83$35,936,134$4,617,284$2,055,468$26,715,684
84$39,503,715$4,745,626$2,026,421$29,257,484
85$43,432,105$4,877,172$1,993,318$32,053,917
86$47,758,009$5,011,983$1,955,924$35,130,849
87$52,521,875$5,150,119$1,913,996$38,516,785
88$57,768,270$5,291,639$1,867,278$42,243,136
89$63,546,306$5,436,601$1,815,504$46,344,515
90$69,910,100$5,585,066$1,758,395$50,859,062
91$76,919,287$5,737,091$1,695,658$55,828,808
92$84,639,579$5,892,733$1,626,987$61,300,068
93$93,143,388$6,052,049$1,552,063$67,323,880
94$102,510,508$6,215,094$1,470,552$73,956,486
95$112,828,870$6,381,924$1,382,105$81,259,863
96$124,195,367$6,552,590$1,286,358$89,302,308
97$136,716,771$6,727,144$1,182,928$98,159,084
98$150,510,744$6,905,636$1,071,418$107,913,128
99$165,706,941$7,088,113$951,411$118,655,834
100$182,448,239$7,274,621$822,474$130,487,920