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%20%
1 years$143,688$142,408$141,159$139,940$138,750$133,192
2 years$71,132$69,808$68,524$67,279$66,071$60,542
3 years$46,951$45,620$44,339$43,106$41,918$36,591
4 years$34,862$33,536$32,268$31,056$29,897$24,812
5 years$27,611$26,292$25,041$23,854$22,727$17,898
6 years$22,778$21,470$20,237$19,076$17,983$13,413
7 years$19,328$18,030$16,817$15,683$14,625$10,312
8 years$16,741$15,455$14,262$13,156$12,133$8,073
9 years$14,730$13,457$12,284$11,206$10,218$6,404
10 years$13,122$11,861$10,709$9,660$8,706$5,131
11 years$11,808$10,559$9,428$8,407$7,487$4,143
12 years$10,713$9,478$8,367$7,374$6,488$3,365
13 years$9,788$8,565$7,476$6,510$5,658$2,746
14 years$8,995$7,785$6,717$5,779$4,960$2,250
15 years$8,309$7,112$6,065$5,154$4,367$1,849
16 years$7,709$6,525$5,498$4,615$3,860$1,523
17 years$7,180$6,009$5,003$4,146$3,422$1,257
18 years$6,711$5,553$4,567$3,737$3,043$1,040
19 years$6,291$5,146$4,181$3,376$2,712$861
20 years$5,914$4,782$3,837$3,058$2,423$713
21 years$5,573$4,455$3,530$2,775$2,168$592
22 years$5,263$4,158$3,253$2,523$1,943$491
23 years$4,981$3,889$3,004$2,298$1,744$408
24 years$4,723$3,644$2,778$2,096$1,568$339
25 years$4,486$3,419$2,573$1,914$1,411$282
26 years$4,267$3,214$2,386$1,750$1,271$235
27 years$4,065$3,025$2,216$1,602$1,146$195
28 years$3,878$2,850$2,060$1,468$1,034$163
29 years$3,704$2,689$1,917$1,346$934$135
30 years$3,542$2,539$1,786$1,235$843$113
31 years$3,391$2,400$1,665$1,135$763$94
32 years$3,249$2,271$1,553$1,043$690$78
33 years$3,116$2,151$1,450$959$624$65
34 years$2,991$2,039$1,355$882$565$54
35 years$2,874$1,934$1,267$812$512$45
36 years$2,764$1,835$1,185$748$464$38
37 years$2,659$1,743$1,109$689$420$31
38 years$2,561$1,656$1,039$635$381$26
39 years$2,467$1,575$973$586$346$22
40 years$2,379$1,499$912$540$313$18
41 years$2,295$1,427$855$498$284$15
42 years$2,215$1,359$802$460$258$13
43 years$2,139$1,294$753$425$234$10
44 years$2,067$1,234$707$392$213$9
45 years$1,999$1,177$664$362$193$7
46 years$1,933$1,122$623$334$175$6
47 years$1,871$1,071$585$309$159$5
48 years$1,811$1,023$550$286$145$4
49 years$1,754$977$517$264$131$4
50 years$1,699$933$486$244$119$3

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 $2,409 every year, while hoping to spend $53,762 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: 72/11/17 Blend
49$1,740,000$1,740,000$1,740,000$1,740,000
50$1,919,965$1,827,745$1,800,775$2,050,458
51$2,058,599$1,860,102$1,803,898$2,169,783
52$2,209,572$1,892,243$1,805,325$2,293,682
53$2,374,085$1,924,100$1,804,940$2,427,980
54$2,553,462$1,955,601$1,802,626$2,573,694
55$2,749,157$1,986,668$1,798,256$2,731,951
56$2,962,774$2,017,217$1,791,700$2,903,989
57$3,196,075$2,047,159$1,782,821$3,091,172
58$3,451,003$2,076,398$1,771,473$3,295,006
59$3,729,695$2,104,830$1,757,507$3,517,147
60$4,034,503$2,132,347$1,740,763$3,759,423
61$4,368,021$2,158,830$1,721,077$4,023,847
62$4,733,100$2,184,153$1,698,274$4,312,639
63$5,132,882$2,208,183$1,672,172$4,628,244
64$5,570,828$2,230,776$1,642,582$4,973,357
65$6,050,748$2,251,780$1,609,304$5,350,949
66$6,576,838$2,271,031$1,572,129$5,764,295
67$7,153,721$2,288,356$1,530,840$6,217,004
68$7,786,485$2,303,570$1,485,209$6,713,053
69$8,480,739$2,316,478$1,434,995$7,256,827
70$9,242,657$2,326,868$1,379,951$7,853,158
71$10,079,043$2,334,520$1,319,814$8,507,372
72$10,997,390$2,339,196$1,254,313$9,225,339
73$12,005,953$2,340,645$1,183,161$10,013,531
74$13,113,824$2,338,600$1,106,060$10,879,080
75$14,331,020$2,332,778$1,022,700$11,829,845
76$15,668,577$2,322,878$932,753$12,874,492
77$17,138,653$2,308,580$835,882$14,022,570
78$18,754,641$2,289,545$731,729$15,284,604
79$20,531,297$2,265,415$619,924$16,672,198
80$22,484,877$2,235,809$500,080$18,198,138
81$24,633,294$2,200,322$371,791$19,876,517
82$26,996,280$2,158,528$234,636$21,722,871
83$29,595,578$2,109,974$88,174$23,754,321
84$32,455,143$2,054,179$0$25,989,738
85$35,601,370$1,990,635$0$28,462,280
86$39,063,339$1,918,806$0$31,200,385
87$42,873,094$1,838,122$0$34,213,401
88$47,065,941$1,747,982$0$37,529,271
89$51,680,782$1,647,748$0$41,178,786
90$56,760,482$1,536,747$0$45,195,881
91$62,352,270$1,414,267$0$49,617,946
92$68,508,192$1,279,556$0$54,486,188
93$75,285,590$1,131,817$0$59,846,014
94$82,747,655$970,211$0$65,747,462
95$90,964,013$793,848$0$72,245,675
96$100,011,386$601,790$0$79,401,418
97$109,974,316$393,047$0$87,281,656
98$120,945,961$166,571$0$95,960,180
99$133,028,973$0$0$105,518,313
100$146,336,467$0$0$116,055,199