Can I retire at age 50 with 1,740,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$143,688$142,408$141,159$139,940$138,750$135,176
2 years$71,132$69,808$68,524$67,279$66,071$62,495
3 years$46,951$45,620$44,339$43,106$41,918$38,451
4 years$34,862$33,536$32,268$31,056$29,897$26,565
5 years$27,611$26,292$25,041$23,854$22,727$19,540
6 years$22,778$21,470$20,237$19,076$17,983$14,944
7 years$19,328$18,030$16,817$15,683$14,625$11,734
8 years$16,741$15,455$14,262$13,156$12,133$9,389
9 years$14,730$13,457$12,284$11,206$10,218$7,618
10 years$13,122$11,861$10,709$9,660$8,706$6,247
11 years$11,808$10,559$9,428$8,407$7,487$5,166
12 years$10,713$9,478$8,367$7,374$6,488$4,301
13 years$9,788$8,565$7,476$6,510$5,658$3,600
14 years$8,995$7,785$6,717$5,779$4,960$3,026
15 years$8,309$7,112$6,065$5,154$4,367$2,553
16 years$7,709$6,525$5,498$4,615$3,860$2,160
17 years$7,180$6,009$5,003$4,146$3,422$1,832
18 years$6,711$5,553$4,567$3,737$3,043$1,557
19 years$6,291$5,146$4,181$3,376$2,712$1,326
20 years$5,914$4,782$3,837$3,058$2,423$1,130
21 years$5,573$4,455$3,530$2,775$2,168$965
22 years$5,263$4,158$3,253$2,523$1,943$825
23 years$4,981$3,889$3,004$2,298$1,744$705
24 years$4,723$3,644$2,778$2,096$1,568$604
25 years$4,486$3,419$2,573$1,914$1,411$517
26 years$4,267$3,214$2,386$1,750$1,271$443
27 years$4,065$3,025$2,216$1,602$1,146$380
28 years$3,878$2,850$2,060$1,468$1,034$326
29 years$3,704$2,689$1,917$1,346$934$280
30 years$3,542$2,539$1,786$1,235$843$240
31 years$3,391$2,400$1,665$1,135$763$206
32 years$3,249$2,271$1,553$1,043$690$177
33 years$3,116$2,151$1,450$959$624$152
34 years$2,991$2,039$1,355$882$565$131
35 years$2,874$1,934$1,267$812$512$112
36 years$2,764$1,835$1,185$748$464$96
37 years$2,659$1,743$1,109$689$420$83
38 years$2,561$1,656$1,039$635$381$71
39 years$2,467$1,575$973$586$346$61
40 years$2,379$1,499$912$540$313$53
41 years$2,295$1,427$855$498$284$45
42 years$2,215$1,359$802$460$258$39
43 years$2,139$1,294$753$425$234$33
44 years$2,067$1,234$707$392$213$29
45 years$1,999$1,177$664$362$193$25
46 years$1,933$1,122$623$334$175$21
47 years$1,871$1,071$585$309$159$18
48 years$1,811$1,023$550$286$145$16
49 years$1,754$977$517$264$131$13
50 years$1,699$933$486$244$119$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,740,000, adding $6,174 every year, while hoping to spend $54,791 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: 30/49/21 Blend
49$1,740,000$1,740,000$1,740,000$1,740,000
50$1,923,848$1,831,628$1,804,658$1,968,781
51$2,061,784$1,863,081$1,806,817$2,035,004
52$2,211,952$1,894,238$1,807,212$2,100,864
53$2,375,544$1,925,028$1,805,726$2,170,568
54$2,553,867$1,955,373$1,802,236$2,244,482
55$2,748,365$1,985,189$1,796,614$2,323,013
56$2,960,622$2,014,388$1,788,725$2,406,609
57$3,192,385$2,042,872$1,778,427$2,495,769
58$3,445,576$2,070,541$1,765,572$2,591,042
59$3,722,311$2,097,283$1,750,004$2,693,038
60$4,024,919$2,122,983$1,731,562$2,802,433
61$4,355,966$2,147,514$1,710,074$2,919,972
62$4,718,275$2,170,743$1,685,363$3,046,483
63$5,114,957$2,192,527$1,657,240$3,182,879
64$5,549,437$2,212,715$1,625,511$3,330,172
65$6,025,484$2,231,143$1,589,971$3,489,482
66$6,547,254$2,247,639$1,550,406$3,662,046
67$7,119,320$2,262,020$1,506,591$3,849,234
68$7,746,721$2,274,089$1,458,291$4,052,560
69$8,435,006$2,283,638$1,405,263$4,273,698
70$9,190,286$2,290,446$1,347,249$4,514,499
71$10,019,294$2,294,277$1,283,981$4,777,011
72$10,929,447$2,294,882$1,215,179$5,063,496
73$11,928,913$2,291,993$1,140,550$5,376,455
74$13,026,691$2,285,330$1,059,788$5,718,652
75$14,232,695$2,274,593$972,572$6,093,140
76$15,557,846$2,259,464$878,570$6,503,295
77$17,014,176$2,239,607$777,430$6,952,845
78$18,614,937$2,214,663$668,790$7,445,911
79$20,374,734$2,184,255$552,268$7,987,041
80$22,309,654$2,147,980$427,465$8,581,264
81$24,437,421$2,105,414$293,968$9,234,129
82$26,777,565$2,056,106$151,343$9,951,768
83$29,351,600$1,999,579$0$10,740,951
84$32,183,233$1,935,328$0$11,609,346
85$35,298,582$1,862,818$0$12,601,215
86$38,726,426$1,781,484$0$13,691,835
87$42,498,472$1,690,728$0$14,891,379
88$46,649,658$1,589,916$0$16,211,071
89$51,218,480$1,478,379$0$17,663,294
90$56,247,355$1,355,409$0$19,261,704
91$61,783,019$1,220,258$0$21,021,370
92$67,876,972$1,072,136$0$22,958,907
93$74,585,958$910,206$0$25,092,647
94$81,972,506$733,586$0$27,442,805
95$90,105,513$541,343$0$30,031,680
96$99,060,899$332,492$0$32,883,862
97$108,922,320$105,993$0$36,026,473
98$119,781,958$0$0$39,489,423
99$131,741,390$0$0$43,380,779
100$144,912,546$0$0$47,729,716