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%12.6%
1 years$142,036$140,771$139,536$138,332$137,155$135,666
2 years$70,315$69,005$67,736$66,506$65,312$63,813
3 years$46,411$45,096$43,830$42,611$41,437$39,974
4 years$34,461$33,150$31,897$30,699$29,553$28,138
5 years$27,293$25,990$24,753$23,580$22,466$21,102
6 years$22,516$21,223$20,004$18,857$17,776$16,466
7 years$19,106$17,823$16,624$15,503$14,457$13,201
8 years$16,549$15,278$14,098$13,005$11,993$10,791
9 years$14,561$13,302$12,143$11,078$10,100$8,951
10 years$12,972$11,725$10,586$9,549$8,606$7,510
11 years$11,672$10,438$9,320$8,310$7,401$6,357
12 years$10,590$9,369$8,271$7,289$6,414$5,420
13 years$9,675$8,466$7,390$6,435$5,593$4,648
14 years$8,892$7,696$6,640$5,713$4,903$4,006
15 years$8,213$7,030$5,995$5,095$4,317$3,467
16 years$7,620$6,450$5,435$4,562$3,815$3,011
17 years$7,098$5,940$4,946$4,099$3,383$2,622
18 years$6,633$5,489$4,515$3,694$3,008$2,289
19 years$6,219$5,087$4,133$3,338$2,681$2,003
20 years$5,846$4,727$3,793$3,023$2,395$1,756
21 years$5,509$4,403$3,489$2,743$2,143$1,542
22 years$5,203$4,110$3,216$2,494$1,921$1,356
23 years$4,924$3,844$2,969$2,272$1,724$1,193
24 years$4,669$3,602$2,746$2,072$1,550$1,052
25 years$4,434$3,380$2,543$1,892$1,395$928
26 years$4,218$3,177$2,359$1,730$1,256$819
27 years$4,019$2,990$2,190$1,584$1,133$723
28 years$3,834$2,817$2,036$1,451$1,022$639
29 years$3,661$2,658$1,895$1,331$923$565
30 years$3,501$2,510$1,765$1,221$834$500
31 years$3,352$2,373$1,645$1,121$754$443
32 years$3,212$2,245$1,535$1,031$682$392
33 years$3,080$2,126$1,433$948$617$347
34 years$2,957$2,015$1,339$872$559$308
35 years$2,841$1,911$1,252$803$506$273
36 years$2,732$1,814$1,171$739$459$242
37 years$2,629$1,723$1,096$681$416$214
38 years$2,531$1,637$1,027$628$377$190
39 years$2,439$1,557$962$579$342$169
40 years$2,352$1,481$902$534$310$150
41 years$2,269$1,410$845$493$281$133
42 years$2,190$1,343$793$455$255$118
43 years$2,115$1,280$744$420$232$105
44 years$2,044$1,220$699$388$210$93
45 years$1,976$1,163$656$358$191$82
46 years$1,911$1,110$616$331$173$73
47 years$1,849$1,059$579$305$157$65
48 years$1,790$1,011$544$282$143$58
49 years$1,733$965$511$261$130$51
50 years$1,679$922$481$241$118$45

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 $4,117 every year, while hoping to spend $27,691 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: 42/43/15 Blend
49$1,720,000$1,720,000$1,720,000$1,720,000
50$1,899,687$1,808,527$1,781,867$1,970,964
51$2,063,992$1,867,681$1,812,096$2,080,704
52$2,244,128$1,928,807$1,842,410$2,196,414
53$2,441,680$1,991,970$1,872,783$2,321,114
54$2,658,396$2,057,241$1,903,185$2,455,642
55$2,896,198$2,124,691$1,933,587$2,600,914
56$3,157,205$2,194,396$1,963,957$2,757,941
57$3,443,751$2,266,432$1,994,261$2,927,832
58$3,758,407$2,340,880$2,024,462$3,111,808
59$4,104,004$2,417,824$2,054,521$3,311,210
60$4,483,663$2,497,348$2,084,399$3,527,516
61$4,900,821$2,579,541$2,114,050$3,762,350
62$5,359,263$2,664,497$2,143,429$4,017,498
63$5,863,160$2,752,310$2,172,486$4,294,926
64$6,417,109$2,843,080$2,201,171$4,596,799
65$7,026,171$2,936,908$2,229,427$4,925,496
66$7,695,925$3,033,901$2,257,198$5,283,640
67$8,432,516$3,134,169$2,284,420$5,674,114
68$9,242,715$3,237,826$2,311,031$6,100,093
69$10,133,982$3,344,989$2,336,960$6,565,073
70$11,114,536$3,455,781$2,362,137$7,072,903
71$12,193,434$3,570,330$2,386,483$7,627,819
72$13,380,654$3,688,765$2,409,920$8,234,486
73$14,687,190$3,811,224$2,432,361$8,898,043
74$16,125,156$3,937,847$2,453,718$9,624,144
75$17,707,901$4,068,780$2,473,897$10,419,021
76$19,450,132$4,204,176$2,492,798$11,289,533
77$21,368,056$4,344,191$2,510,317$12,243,236
78$23,479,529$4,488,987$2,526,344$13,288,451
79$25,804,228$4,638,735$2,540,763$14,434,345
80$28,363,835$4,793,609$2,553,455$15,691,012
81$31,182,240$4,953,790$2,564,290$17,069,573
82$34,285,770$5,119,467$2,573,134$18,582,276
83$37,703,432$5,290,834$2,579,848$20,242,613
84$41,467,192$5,468,095$2,584,283$22,065,449
85$45,612,273$5,651,459$2,586,283$24,067,156
86$50,177,488$5,841,143$2,585,687$26,265,773
87$55,205,606$6,037,374$2,582,322$28,681,169
88$60,743,759$6,240,386$2,576,011$31,335,237
89$66,843,879$6,450,422$2,566,564$34,252,095
90$73,563,196$6,667,734$2,553,785$37,458,313
91$80,964,772$6,892,582$2,537,467$40,983,165
92$89,118,099$7,125,240$2,517,393$44,858,906
93$98,099,757$7,365,988$2,493,337$49,121,069
94$107,994,129$7,615,118$2,465,060$53,808,807
95$118,894,205$7,872,934$2,432,315$58,965,258
96$130,902,456$8,139,750$2,394,840$64,637,950
97$144,131,802$8,415,893$2,352,362$70,879,254
98$158,706,675$8,701,702$2,304,596$77,746,869
99$174,764,199$8,997,528$2,251,243$85,304,376
100$192,455,478$9,303,737$2,191,990$93,621,827