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

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$143,688$142,408$141,159$139,940$138,750$135,231
2 years$71,132$69,808$68,524$67,279$66,071$62,549
3 years$46,951$45,620$44,339$43,106$41,918$38,503
4 years$34,862$33,536$32,268$31,056$29,897$26,614
5 years$27,611$26,292$25,041$23,854$22,727$19,586
6 years$22,778$21,470$20,237$19,076$17,983$14,988
7 years$19,328$18,030$16,817$15,683$14,625$11,775
8 years$16,741$15,455$14,262$13,156$12,133$9,427
9 years$14,730$13,457$12,284$11,206$10,218$7,654
10 years$13,122$11,861$10,709$9,660$8,706$6,281
11 years$11,808$10,559$9,428$8,407$7,487$5,197
12 years$10,713$9,478$8,367$7,374$6,488$4,330
13 years$9,788$8,565$7,476$6,510$5,658$3,626
14 years$8,995$7,785$6,717$5,779$4,960$3,050
15 years$8,309$7,112$6,065$5,154$4,367$2,575
16 years$7,709$6,525$5,498$4,615$3,860$2,180
17 years$7,180$6,009$5,003$4,146$3,422$1,851
18 years$6,711$5,553$4,567$3,737$3,043$1,574
19 years$6,291$5,146$4,181$3,376$2,712$1,341
20 years$5,914$4,782$3,837$3,058$2,423$1,144
21 years$5,573$4,455$3,530$2,775$2,168$978
22 years$5,263$4,158$3,253$2,523$1,943$836
23 years$4,981$3,889$3,004$2,298$1,744$716
24 years$4,723$3,644$2,778$2,096$1,568$613
25 years$4,486$3,419$2,573$1,914$1,411$526
26 years$4,267$3,214$2,386$1,750$1,271$451
27 years$4,065$3,025$2,216$1,602$1,146$387
28 years$3,878$2,850$2,060$1,468$1,034$332
29 years$3,704$2,689$1,917$1,346$934$285
30 years$3,542$2,539$1,786$1,235$843$245
31 years$3,391$2,400$1,665$1,135$763$211
32 years$3,249$2,271$1,553$1,043$690$181
33 years$3,116$2,151$1,450$959$624$156
34 years$2,991$2,039$1,355$882$565$134
35 years$2,874$1,934$1,267$812$512$115
36 years$2,764$1,835$1,185$748$464$99
37 years$2,659$1,743$1,109$689$420$85
38 years$2,561$1,656$1,039$635$381$73
39 years$2,467$1,575$973$586$346$63
40 years$2,379$1,499$912$540$313$54
41 years$2,295$1,427$855$498$284$47
42 years$2,215$1,359$802$460$258$40
43 years$2,139$1,294$753$425$234$34
44 years$2,067$1,234$707$392$213$30
45 years$1,999$1,177$664$362$193$26
46 years$1,933$1,122$623$334$175$22
47 years$1,871$1,071$585$309$159$19
48 years$1,811$1,023$550$286$145$16
49 years$1,754$977$517$264$131$14
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 $5,020 every year, while hoping to spend $45,588 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: 64/13/23 Blend
49$1,740,000$1,740,000$1,740,000$1,740,000
50$1,922,658$1,830,438$1,803,468$2,033,912
51$2,070,264$1,871,624$1,815,379$2,150,723
52$2,231,398$1,913,301$1,826,161$2,272,735
53$2,407,391$1,955,443$1,835,728$2,405,006
54$2,599,710$1,998,025$1,843,990$2,548,544
55$2,809,969$2,041,016$1,850,852$2,704,462
56$3,039,944$2,084,385$1,856,214$2,873,985
57$3,291,592$2,128,094$1,859,971$3,058,463
58$3,567,069$2,172,104$1,862,014$3,259,384
59$3,868,745$2,216,373$1,862,227$3,478,389
60$4,199,234$2,260,852$1,860,489$3,717,284
61$4,561,414$2,305,491$1,856,673$3,978,063
62$4,958,452$2,350,234$1,850,645$4,262,920
63$5,393,838$2,395,021$1,842,267$4,574,276
64$5,871,418$2,439,785$1,831,391$4,914,798
65$6,395,424$2,484,455$1,817,863$5,287,427
66$6,970,520$2,528,956$1,801,524$5,695,402
67$7,601,842$2,573,205$1,782,205$6,142,297
68$8,295,050$2,617,112$1,759,729$6,632,046
69$9,056,377$2,660,582$1,733,911$7,168,991
70$9,892,688$2,703,511$1,704,559$7,757,914
71$10,811,549$2,745,790$1,671,468$8,404,087
72$11,821,293$2,787,300$1,634,428$9,113,320
73$12,931,100$2,827,912$1,593,217$9,892,020
74$14,151,085$2,867,492$1,547,602$10,747,245
75$15,492,390$2,905,894$1,497,340$11,686,777
76$16,967,291$2,942,960$1,442,179$12,719,194
77$18,589,315$2,978,526$1,381,852$13,853,948
78$20,373,363$3,012,411$1,316,082$15,101,460
79$22,335,854$3,044,428$1,244,579$16,473,216
80$24,494,879$3,074,372$1,167,040$17,981,873
81$26,870,367$3,102,027$1,083,146$19,641,385
82$29,484,282$3,127,163$992,569$21,467,131
83$32,360,819$3,149,535$894,961$23,476,061
84$35,526,641$3,168,881$789,960$25,686,859
85$39,011,126$3,184,923$677,191$28,120,115
86$42,846,641$3,197,365$556,258$30,798,526
87$47,068,856$3,205,893$426,749$33,747,106
88$51,717,069$3,210,172$288,236$36,993,427
89$56,834,587$3,209,847$140,269$40,567,875
90$62,469,127$3,204,541$0$44,503,943
91$68,673,268$3,193,854$0$48,842,872
92$75,504,949$3,177,360$0$53,658,034
93$83,028,012$3,154,609$0$58,959,934
94$91,312,806$3,125,122$0$64,798,122
95$100,436,852$3,088,392$0$71,227,202
96$110,485,569$3,043,882$0$78,307,345
97$121,553,087$2,991,022$0$86,104,858
98$133,743,128$2,929,208$0$94,692,813
99$147,169,989$2,857,802$0$104,151,733
100$161,959,620$2,776,126$0$114,570,354