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%14.3%
1 years$143,688$142,408$141,159$139,940$138,750$136,283
2 years$71,132$69,808$68,524$67,279$66,071$63,595
3 years$46,951$45,620$44,339$43,106$41,918$39,509
4 years$34,862$33,536$32,268$31,056$29,897$27,573
5 years$27,611$26,292$25,041$23,854$22,727$20,495
6 years$22,778$21,470$20,237$19,076$17,983$15,846
7 years$19,328$18,030$16,817$15,683$14,625$12,584
8 years$16,741$15,455$14,262$13,156$12,133$10,186
9 years$14,730$13,457$12,284$11,206$10,218$8,365
10 years$13,122$11,861$10,709$9,660$8,706$6,945
11 years$11,808$10,559$9,428$8,407$7,487$5,817
12 years$10,713$9,478$8,367$7,374$6,488$4,906
13 years$9,788$8,565$7,476$6,510$5,658$4,161
14 years$8,995$7,785$6,717$5,779$4,960$3,546
15 years$8,309$7,112$6,065$5,154$4,367$3,033
16 years$7,709$6,525$5,498$4,615$3,860$2,603
17 years$7,180$6,009$5,003$4,146$3,422$2,240
18 years$6,711$5,553$4,567$3,737$3,043$1,932
19 years$6,291$5,146$4,181$3,376$2,712$1,670
20 years$5,914$4,782$3,837$3,058$2,423$1,445
21 years$5,573$4,455$3,530$2,775$2,168$1,253
22 years$5,263$4,158$3,253$2,523$1,943$1,087
23 years$4,981$3,889$3,004$2,298$1,744$945
24 years$4,723$3,644$2,778$2,096$1,568$821
25 years$4,486$3,419$2,573$1,914$1,411$715
26 years$4,267$3,214$2,386$1,750$1,271$623
27 years$4,065$3,025$2,216$1,602$1,146$543
28 years$3,878$2,850$2,060$1,468$1,034$473
29 years$3,704$2,689$1,917$1,346$934$413
30 years$3,542$2,539$1,786$1,235$843$360
31 years$3,391$2,400$1,665$1,135$763$314
32 years$3,249$2,271$1,553$1,043$690$274
33 years$3,116$2,151$1,450$959$624$240
34 years$2,991$2,039$1,355$882$565$209
35 years$2,874$1,934$1,267$812$512$183
36 years$2,764$1,835$1,185$748$464$160
37 years$2,659$1,743$1,109$689$420$140
38 years$2,561$1,656$1,039$635$381$122
39 years$2,467$1,575$973$586$346$107
40 years$2,379$1,499$912$540$313$93
41 years$2,295$1,427$855$498$284$82
42 years$2,215$1,359$802$460$258$71
43 years$2,139$1,294$753$425$234$62
44 years$2,067$1,234$707$392$213$55
45 years$1,999$1,177$664$362$193$48
46 years$1,933$1,122$623$334$175$42
47 years$1,871$1,071$585$309$159$37
48 years$1,811$1,023$550$286$145$32
49 years$1,754$977$517$264$131$28
50 years$1,699$933$486$244$119$24

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 $4,946 every year, while hoping to spend $23,120 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: 51/38/11 Blend
49$1,740,000$1,740,000$1,740,000$1,740,000
50$1,922,582$1,830,362$1,803,392$2,014,788
51$2,094,086$1,895,450$1,839,206$2,143,401
52$2,282,308$1,962,953$1,875,445$2,280,271
53$2,488,930$2,032,964$1,912,099$2,428,531
54$2,715,802$2,105,581$1,949,156$2,589,258
55$2,964,966$2,180,906$1,986,604$2,763,640
56$3,238,666$2,259,044$2,024,429$2,952,978
57$3,539,380$2,340,107$2,062,617$3,158,706
58$3,869,832$2,424,208$2,101,151$3,382,402
59$4,233,028$2,511,467$2,140,012$3,625,798
60$4,632,277$2,602,009$2,179,183$3,890,803
61$5,071,225$2,695,963$2,218,641$4,179,514
62$5,553,889$2,793,465$2,258,365$4,494,242
63$6,084,695$2,894,654$2,298,329$4,837,525
64$6,668,519$2,999,676$2,338,508$5,212,162
65$7,310,733$3,108,686$2,378,873$5,621,227
66$8,017,257$3,221,840$2,419,395$6,068,109
67$8,794,612$3,339,306$2,460,039$6,556,535
68$9,649,985$3,461,254$2,500,773$7,090,608
69$10,591,293$3,587,865$2,541,558$7,674,846
70$11,627,260$3,719,326$2,582,356$8,314,221
71$12,767,499$3,855,831$2,623,123$9,014,211
72$14,022,602$3,997,584$2,663,815$9,780,842
73$15,404,238$4,144,797$2,704,385$10,620,754
74$16,925,269$4,297,691$2,744,780$11,541,257
75$18,599,863$4,456,494$2,784,947$12,550,398
76$20,443,635$4,621,448$2,824,828$13,657,044
77$22,473,789$4,792,802$2,864,363$14,870,956
78$24,709,283$4,970,817$2,903,487$16,202,886
79$27,171,008$5,155,765$2,942,131$17,664,674
80$29,881,981$5,347,928$2,980,224$19,269,363
81$32,867,569$5,547,603$3,017,687$21,031,319
82$36,155,723$5,755,097$3,054,441$22,966,362
83$39,777,241$5,970,731$3,090,399$25,091,922
84$43,766,064$6,194,841$3,125,472$27,427,198
85$48,159,590$6,427,776$3,159,563$29,993,336
86$52,999,032$6,669,900$3,192,572$32,813,633
87$58,329,802$6,921,594$3,224,392$35,913,750
88$64,201,944$7,183,255$3,254,911$39,321,960
89$70,670,604$7,455,296$3,284,012$43,069,407
90$77,796,549$7,738,149$3,311,570$47,190,402
91$85,646,743$8,032,264$3,337,453$51,722,743
92$94,294,977$8,338,111$3,361,525$56,708,077
93$103,822,568$8,656,182$3,383,639$62,192,282
94$114,319,122$8,986,987$3,403,643$68,225,907
95$125,883,384$9,331,061$3,421,377$74,864,643
96$138,624,168$9,688,962$3,436,672$82,169,849
97$152,661,384$10,061,271$3,449,351$90,209,129
98$168,127,168$10,448,597$3,459,227$99,056,967
99$185,167,133$10,851,572$3,466,105$108,795,432
100$203,941,741$11,270,860$3,469,780$119,514,947