Can I retire at age 50 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$135,430$134,223$133,046$131,898$130,776$128,928
2 years$67,044$65,796$64,586$63,412$62,274$60,416
3 years$44,252$42,998$41,791$40,629$39,509$37,699
4 years$32,858$31,608$30,413$29,271$28,178$26,429
5 years$26,024$24,781$23,602$22,483$21,421$19,738
6 years$21,469$20,236$19,074$17,980$16,950$15,335
7 years$18,217$16,994$15,850$14,782$13,784$12,240
8 years$15,779$14,567$13,442$12,400$11,436$9,959
9 years$13,884$12,683$11,578$10,562$9,630$8,222
10 years$12,368$11,180$10,094$9,105$8,206$6,865
11 years$11,129$9,953$8,887$7,924$7,057$5,782
12 years$10,098$8,933$7,887$6,950$6,116$4,905
13 years$9,225$8,073$7,046$6,136$5,333$4,185
14 years$8,478$7,338$6,331$5,447$4,675$3,588
15 years$7,831$6,703$5,716$4,858$4,116$3,088
16 years$7,266$6,150$5,182$4,350$3,638$2,667
17 years$6,767$5,664$4,716$3,908$3,225$2,310
18 years$6,325$5,234$4,305$3,522$2,868$2,005
19 years$5,929$4,851$3,941$3,182$2,556$1,744
20 years$5,574$4,507$3,617$2,882$2,283$1,520
21 years$5,253$4,199$3,327$2,616$2,043$1,326
22 years$4,961$3,919$3,066$2,378$1,832$1,159
23 years$4,695$3,666$2,831$2,166$1,644$1,014
24 years$4,452$3,434$2,618$1,976$1,478$888
25 years$4,228$3,223$2,425$1,804$1,330$779
26 years$4,022$3,029$2,249$1,650$1,198$683
27 years$3,832$2,851$2,088$1,510$1,080$599
28 years$3,655$2,686$1,941$1,383$974$526
29 years$3,491$2,534$1,807$1,269$880$463
30 years$3,338$2,393$1,683$1,164$795$407
31 years$3,196$2,262$1,569$1,069$719$358
32 years$3,062$2,141$1,464$983$650$315
33 years$2,937$2,027$1,367$904$588$277
34 years$2,819$1,921$1,277$831$533$244
35 years$2,709$1,822$1,194$765$483$214
36 years$2,605$1,730$1,117$705$437$189
37 years$2,506$1,643$1,045$650$396$166
38 years$2,413$1,561$979$599$359$146
39 years$2,325$1,485$917$552$326$129
40 years$2,242$1,412$860$509$295$114
41 years$2,163$1,345$806$470$268$100
42 years$2,088$1,281$756$434$243$88
43 years$2,017$1,220$710$400$221$78
44 years$1,949$1,163$666$370$200$69
45 years$1,884$1,109$625$341$182$60
46 years$1,822$1,058$587$315$165$53
47 years$1,763$1,010$552$291$150$47
48 years$1,707$964$519$269$136$41
49 years$1,653$920$487$249$124$37
50 years$1,601$879$458$230$112$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,640,000, adding $5,792 every year, while hoping to spend $34,086 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: 69/24/7 Blend
49$1,640,000$1,640,000$1,640,000$1,640,000
50$1,813,254$1,726,334$1,700,914$1,935,932
51$1,961,939$1,774,658$1,721,628$2,066,222
52$2,124,647$1,824,206$1,741,893$2,203,979
53$2,302,773$1,875,004$1,761,658$2,353,741
54$2,497,853$1,927,076$1,780,870$2,516,678
55$2,711,576$1,980,445$1,799,472$2,694,077
56$2,945,806$2,035,136$1,817,403$2,887,356
57$3,202,594$2,091,173$1,834,602$3,098,077
58$3,484,197$2,148,580$1,851,000$3,327,958
59$3,793,105$2,207,380$1,866,528$3,578,892
60$4,132,058$2,267,597$1,881,113$3,852,964
61$4,504,073$2,329,255$1,894,675$4,152,469
62$4,912,476$2,392,376$1,907,134$4,479,934
63$5,360,929$2,456,983$1,918,404$4,838,146
64$5,853,467$2,523,098$1,928,394$5,230,170
65$6,394,534$2,590,744$1,937,008$5,659,384
66$6,989,026$2,659,940$1,944,148$6,129,511
67$7,642,338$2,730,708$1,949,708$6,644,648
68$8,360,411$2,803,067$1,953,577$7,209,312
69$9,149,791$2,877,036$1,955,641$7,828,476
70$10,017,692$2,952,633$1,955,777$8,507,622
71$10,972,060$3,029,875$1,953,858$9,252,785
72$12,021,648$3,108,777$1,949,751$10,070,618
73$13,176,104$3,189,355$1,943,315$10,968,449
74$14,446,054$3,271,620$1,934,404$11,954,351
75$15,843,207$3,355,585$1,922,862$13,037,219
76$17,380,465$3,441,260$1,908,529$14,226,855
77$19,072,043$3,528,652$1,891,235$15,534,058
78$20,933,603$3,617,768$1,870,803$16,970,724
79$22,982,403$3,708,611$1,847,047$18,549,966
80$25,237,458$3,801,182$1,819,773$20,286,227
81$27,719,720$3,895,482$1,788,777$22,195,425
82$30,452,276$3,991,505$1,753,846$24,295,099
83$33,460,565$4,089,246$1,714,757$26,604,574
84$36,772,618$4,188,694$1,671,276$29,145,144
85$40,419,321$4,289,836$1,623,159$31,940,275
86$44,434,708$4,392,654$1,570,152$35,015,823
87$48,856,282$4,497,128$1,511,986$38,400,279
88$53,725,368$4,603,232$1,448,382$42,125,041
89$59,087,501$4,710,936$1,379,049$46,224,703
90$64,992,859$4,820,205$1,303,680$50,737,391
91$71,496,735$4,930,999$1,221,957$55,705,112
92$78,660,056$5,043,272$1,133,547$61,174,162
93$86,549,961$5,156,972$1,038,100$67,195,552
94$95,240,434$5,272,041$935,253$73,825,498
95$104,813,000$5,388,413$824,626$81,125,947
96$115,357,496$5,506,015$705,821$89,165,161
97$126,972,918$5,624,767$578,424$98,018,366
98$139,768,355$5,744,580$442,000$107,768,457
99$153,864,020$5,865,357$296,099$118,506,784
100$169,392,379$5,986,989$140,248$130,334,013