Can I retire at age 50 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$134,604$133,405$132,235$131,093$129,978$126,172
2 years$66,636$65,395$64,192$63,026$61,895$58,090
3 years$43,982$42,736$41,536$40,381$39,268$35,586
4 years$32,658$31,416$30,228$29,092$28,007$24,474
5 years$25,865$24,630$23,458$22,346$21,290$17,917
6 years$21,338$20,112$18,958$17,870$16,846$13,635
7 years$18,106$16,890$15,754$14,692$13,700$10,652
8 years$15,683$14,478$13,361$12,325$11,366$8,478
9 years$13,799$12,606$11,507$10,498$9,572$6,842
10 years$12,293$11,111$10,032$9,049$8,156$5,579
11 years$11,061$9,892$8,832$7,876$7,014$4,587
12 years$10,036$8,878$7,839$6,908$6,078$3,796
13 years$9,169$8,023$7,003$6,099$5,300$3,158
14 years$8,426$7,293$6,292$5,414$4,646$2,638
15 years$7,784$6,662$5,681$4,828$4,091$2,212
16 years$7,222$6,113$5,151$4,323$3,616$1,859
17 years$6,726$5,629$4,687$3,884$3,206$1,567
18 years$6,286$5,202$4,279$3,500$2,850$1,323
19 years$5,893$4,821$3,917$3,163$2,541$1,119
20 years$5,540$4,480$3,595$2,865$2,269$947
21 years$5,221$4,173$3,306$2,600$2,031$803
22 years$4,931$3,895$3,047$2,364$1,820$682
23 years$4,666$3,643$2,814$2,153$1,634$579
24 years$4,425$3,413$2,602$1,964$1,469$492
25 years$4,202$3,203$2,410$1,793$1,322$418
26 years$3,998$3,011$2,235$1,640$1,190$356
27 years$3,808$2,833$2,076$1,501$1,073$303
28 years$3,633$2,670$1,930$1,375$968$258
29 years$3,470$2,519$1,796$1,261$875$220
30 years$3,318$2,379$1,673$1,157$790$187
31 years$3,176$2,249$1,559$1,063$714$160
32 years$3,043$2,128$1,455$977$646$136
33 years$2,919$2,015$1,358$898$585$116
34 years$2,802$1,910$1,269$826$529$99
35 years$2,692$1,811$1,187$761$480$84
36 years$2,589$1,719$1,110$701$435$72
37 years$2,491$1,633$1,039$646$394$61
38 years$2,399$1,552$973$595$357$52
39 years$2,311$1,476$912$549$324$45
40 years$2,228$1,404$854$506$294$38
41 years$2,150$1,336$801$467$266$32
42 years$2,075$1,273$752$431$242$28
43 years$2,004$1,213$705$398$219$24
44 years$1,937$1,156$662$367$199$20
45 years$1,872$1,102$622$339$181$17
46 years$1,811$1,052$584$313$164$15
47 years$1,752$1,003$548$289$149$13
48 years$1,696$958$515$267$135$11
49 years$1,643$915$484$247$123$9
50 years$1,591$874$455$228$112$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,630,000, adding $2,936 every year, while hoping to spend $26,396 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: 42/28/30 Blend
49$1,630,000$1,630,000$1,630,000$1,630,000
50$1,799,288$1,712,898$1,687,633$1,858,944
51$1,954,731$1,768,745$1,716,084$1,958,186
52$2,125,143$1,826,444$1,744,603$2,062,908
53$2,312,026$1,886,057$1,773,165$2,175,831
54$2,517,029$1,947,651$1,801,742$2,297,729
55$2,741,971$2,011,291$1,830,306$2,429,454
56$2,988,856$2,077,048$1,858,825$2,571,946
57$3,259,890$2,144,994$1,887,267$2,726,236
58$3,557,504$2,215,204$1,915,595$2,893,459
59$3,884,375$2,287,755$1,943,774$3,074,868
60$4,243,454$2,362,727$1,971,762$3,271,838
61$4,637,989$2,440,203$1,999,519$3,485,885
62$5,071,560$2,520,270$2,026,999$3,718,677
63$5,548,111$2,603,015$2,054,155$3,972,050
64$6,071,986$2,688,531$2,080,938$4,248,028
65$6,647,973$2,776,913$2,107,294$4,548,837
66$7,281,345$2,868,261$2,133,167$4,876,931
67$7,977,912$2,962,675$2,158,498$5,235,009
68$8,744,076$3,060,263$2,183,224$5,626,047
69$9,586,890$3,161,134$2,207,280$6,053,321
70$10,514,125$3,265,401$2,230,596$6,520,440
71$11,534,343$3,373,183$2,253,098$7,031,378
72$12,656,978$3,484,601$2,274,709$7,590,514
73$13,892,424$3,599,782$2,295,346$8,202,671
74$15,252,137$3,718,856$2,314,926$8,873,162
75$16,748,734$3,841,959$2,333,355$9,607,839
76$18,396,122$3,969,233$2,350,540$10,413,151
77$20,209,623$4,100,821$2,366,379$11,296,201
78$22,206,119$4,236,876$2,380,767$12,264,814
79$24,404,214$4,377,554$2,393,594$13,327,614
80$26,824,407$4,523,017$2,404,742$14,494,098
81$29,489,284$4,673,433$2,414,089$15,774,732
82$32,423,736$4,828,976$2,421,506$17,181,049
83$35,655,188$4,989,826$2,426,857$18,725,753
84$39,213,861$5,156,172$2,430,001$20,422,842
85$43,133,057$5,328,207$2,430,788$22,287,741
86$47,449,472$5,506,132$2,429,062$24,337,444
87$52,203,541$5,690,155$2,424,659$26,590,679
88$57,439,824$5,880,494$2,417,407$29,068,077
89$63,207,420$6,077,373$2,407,124$31,792,377
90$69,560,437$6,281,024$2,393,622$34,788,628
91$76,558,495$6,491,688$2,376,703$38,084,437
92$84,267,297$6,709,616$2,356,157$41,710,223
93$92,759,241$6,935,067$2,331,769$45,699,502
94$102,114,109$7,168,311$2,303,308$50,089,210
95$112,419,817$7,409,626$2,270,538$54,920,046
96$123,773,244$7,659,304$2,233,206$60,236,858
97$136,281,148$7,917,643$2,191,052$66,089,064
98$150,061,174$8,184,957$2,143,801$72,531,122
99$165,242,963$8,461,568$2,091,167$79,623,041
100$181,969,373$8,747,813$2,032,850$87,430,948