Can I retire at age 50 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$132,127$130,950$129,801$128,681$127,586$126,942
2 years$65,409$64,191$63,010$61,866$60,755$60,105
3 years$43,173$41,950$40,772$39,638$38,546$37,910
4 years$32,057$30,837$29,671$28,557$27,491$26,874
5 years$25,389$24,177$23,026$21,934$20,898$20,302
6 years$20,945$19,742$18,609$17,541$16,536$15,962
7 years$17,773$16,579$15,464$14,422$13,448$12,896
8 years$15,394$14,212$13,115$12,098$11,157$10,626
9 years$13,545$12,374$11,296$10,305$9,396$8,887
10 years$12,067$10,907$9,848$8,883$8,005$7,519
11 years$10,858$9,710$8,670$7,731$6,885$6,419
12 years$9,851$8,715$7,694$6,781$5,966$5,522
13 years$9,000$7,876$6,874$5,986$5,203$4,779
14 years$8,271$7,159$6,177$5,314$4,561$4,157
15 years$7,640$6,540$5,577$4,739$4,016$3,631
16 years$7,089$6,000$5,056$4,243$3,549$3,183
17 years$6,602$5,526$4,601$3,813$3,147$2,800
18 years$6,171$5,106$4,200$3,436$2,798$2,469
19 years$5,785$4,732$3,845$3,105$2,494$2,182
20 years$5,438$4,398$3,529$2,812$2,228$1,932
21 years$5,124$4,096$3,246$2,552$1,993$1,714
22 years$4,840$3,824$2,991$2,320$1,787$1,523
23 years$4,581$3,576$2,762$2,113$1,604$1,355
24 years$4,343$3,351$2,554$1,927$1,442$1,207
25 years$4,125$3,144$2,366$1,760$1,297$1,076
26 years$3,924$2,955$2,194$1,609$1,169$960
27 years$3,738$2,781$2,038$1,473$1,054$858
28 years$3,566$2,621$1,894$1,350$951$767
29 years$3,406$2,472$1,763$1,238$858$686
30 years$3,257$2,335$1,642$1,136$776$614
31 years$3,118$2,207$1,531$1,043$701$550
32 years$2,987$2,088$1,428$959$634$492
33 years$2,865$1,978$1,333$882$574$441
34 years$2,751$1,875$1,246$811$520$396
35 years$2,643$1,778$1,165$747$471$355
36 years$2,541$1,688$1,090$688$427$318
37 years$2,445$1,603$1,020$634$387$285
38 years$2,355$1,523$955$584$350$256
39 years$2,269$1,448$895$539$318$230
40 years$2,187$1,378$839$497$288$206
41 years$2,110$1,312$786$458$262$185
42 years$2,037$1,249$738$423$237$167
43 years$1,967$1,190$692$390$215$150
44 years$1,901$1,135$650$361$195$134
45 years$1,838$1,082$610$333$177$121
46 years$1,778$1,032$573$308$161$108
47 years$1,720$985$538$284$146$97
48 years$1,665$940$506$263$133$88
49 years$1,612$898$476$243$121$79
50 years$1,562$858$447$224$110$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,600,000, adding $2,050 every year, while hoping to spend $34,052 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: 47/24/29 Blend
49$1,600,000$1,600,000$1,600,000$1,600,000
50$1,765,315$1,680,515$1,655,715$1,833,509
51$1,909,146$1,726,629$1,674,950$1,928,042
52$2,066,506$1,773,861$1,693,688$2,027,131
53$2,238,740$1,822,231$1,711,877$2,134,049
54$2,427,328$1,871,756$1,729,461$2,249,549
55$2,633,899$1,922,456$1,746,382$2,374,463
56$2,860,248$1,974,348$1,762,577$2,509,706
57$3,108,352$2,027,450$1,777,982$2,656,288
58$3,380,388$2,081,779$1,792,529$2,815,319
59$3,678,754$2,137,352$1,806,145$2,988,025
60$4,006,090$2,194,186$1,818,754$3,175,755
61$4,365,306$2,252,296$1,830,277$3,379,996
62$4,759,606$2,311,696$1,840,630$3,602,385
63$5,192,519$2,372,403$1,849,724$3,844,728
64$5,667,933$2,434,428$1,857,467$4,109,015
65$6,190,131$2,497,784$1,863,762$4,397,438
66$6,763,832$2,562,483$1,868,505$4,712,414
67$7,394,233$2,628,535$1,871,590$5,056,604
68$8,087,061$2,695,949$1,872,904$5,432,943
69$8,848,623$2,764,732$1,872,328$5,844,665
70$9,685,870$2,834,891$1,869,739$6,295,334
71$10,606,459$2,906,431$1,865,005$6,788,879
72$11,618,825$2,979,354$1,857,991$7,329,628
73$12,732,265$3,053,662$1,848,552$7,922,354
74$13,957,017$3,129,352$1,836,540$8,572,314
75$15,304,364$3,206,422$1,821,796$9,285,305
76$16,786,739$3,284,866$1,804,156$10,067,715
77$18,417,838$3,364,676$1,783,446$10,926,584
78$20,212,752$3,445,841$1,759,487$11,869,673
79$22,188,112$3,528,345$1,732,088$12,905,533
80$24,362,238$3,612,173$1,701,052$14,043,591
81$26,755,319$3,697,303$1,666,170$15,294,236
82$29,389,601$3,783,710$1,627,227$16,668,919
83$32,289,595$3,871,366$1,583,993$18,180,260
84$35,482,309$3,960,239$1,536,233$19,842,168
85$38,997,505$4,050,290$1,483,696$21,669,974
86$42,867,974$4,141,478$1,426,124$23,680,574
87$47,129,851$4,233,755$1,363,243$25,892,591
88$51,822,955$4,327,068$1,294,770$28,326,549
89$56,991,160$4,421,357$1,220,409$31,005,070
90$62,682,813$4,516,558$1,139,847$33,953,084
91$68,951,189$4,612,599$1,052,761$37,198,070
92$75,854,993$4,709,399$958,811$40,770,313
93$83,458,915$4,806,872$857,644$44,703,189
94$91,834,238$4,904,923$748,889$49,033,486
95$101,059,514$5,003,448$632,160$53,801,745
96$111,221,300$5,102,333$507,054$59,052,649
97$122,414,981$5,201,455$373,148$64,835,446
98$134,745,664$5,300,682$230,004$71,204,409
99$148,329,174$5,399,867$77,161$78,219,354
100$163,293,145$5,498,856$0$85,946,206