Can I retire at age 50 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$142,036$140,771$139,536$138,332$137,155$132,131
2 years$70,315$69,005$67,736$66,506$65,312$60,306
3 years$46,411$45,096$43,830$42,611$41,437$36,607
4 years$34,461$33,150$31,897$30,699$29,553$24,936
5 years$27,293$25,990$24,753$23,580$22,466$18,073
6 years$22,516$21,223$20,004$18,857$17,776$13,611
7 years$19,106$17,823$16,624$15,503$14,457$10,519
8 years$16,549$15,278$14,098$13,005$11,993$8,279
9 years$14,561$13,302$12,143$11,078$10,100$6,604
10 years$12,972$11,725$10,586$9,549$8,606$5,321
11 years$11,672$10,438$9,320$8,310$7,401$4,322
12 years$10,590$9,369$8,271$7,289$6,414$3,532
13 years$9,675$8,466$7,390$6,435$5,593$2,900
14 years$8,892$7,696$6,640$5,713$4,903$2,391
15 years$8,213$7,030$5,995$5,095$4,317$1,978
16 years$7,620$6,450$5,435$4,562$3,815$1,640
17 years$7,098$5,940$4,946$4,099$3,383$1,363
18 years$6,633$5,489$4,515$3,694$3,008$1,134
19 years$6,219$5,087$4,133$3,338$2,681$946
20 years$5,846$4,727$3,793$3,023$2,395$789
21 years$5,509$4,403$3,489$2,743$2,143$659
22 years$5,203$4,110$3,216$2,494$1,921$551
23 years$4,924$3,844$2,969$2,272$1,724$461
24 years$4,669$3,602$2,746$2,072$1,550$386
25 years$4,434$3,380$2,543$1,892$1,395$323
26 years$4,218$3,177$2,359$1,730$1,256$271
27 years$4,019$2,990$2,190$1,584$1,133$227
28 years$3,834$2,817$2,036$1,451$1,022$190
29 years$3,661$2,658$1,895$1,331$923$160
30 years$3,501$2,510$1,765$1,221$834$134
31 years$3,352$2,373$1,645$1,121$754$112
32 years$3,212$2,245$1,535$1,031$682$94
33 years$3,080$2,126$1,433$948$617$79
34 years$2,957$2,015$1,339$872$559$66
35 years$2,841$1,911$1,252$803$506$56
36 years$2,732$1,814$1,171$739$459$47
37 years$2,629$1,723$1,096$681$416$39
38 years$2,531$1,637$1,027$628$377$33
39 years$2,439$1,557$962$579$342$28
40 years$2,352$1,481$902$534$310$23
41 years$2,269$1,410$845$493$281$19
42 years$2,190$1,343$793$455$255$16
43 years$2,115$1,280$744$420$232$14
44 years$2,044$1,220$699$388$210$12
45 years$1,976$1,163$656$358$191$10
46 years$1,911$1,110$616$331$173$8
47 years$1,849$1,059$579$305$157$7
48 years$1,790$1,011$544$282$143$6
49 years$1,733$965$511$261$130$5
50 years$1,679$922$481$241$118$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,720,000, adding $3,895 every year, while hoping to spend $43,335 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: 25/48/27 Blend
49$1,720,000$1,720,000$1,720,000$1,720,000
50$1,899,458$1,808,298$1,781,638$1,930,738
51$2,047,094$1,850,796$1,795,214$1,999,510
52$2,208,337$1,893,925$1,807,794$2,069,243
53$2,384,529$1,937,668$1,819,296$2,143,107
54$2,577,147$1,982,010$1,829,638$2,221,476
55$2,787,818$2,026,931$1,838,733$2,304,764
56$3,018,333$2,072,408$1,846,489$2,393,429
57$3,270,665$2,118,417$1,852,808$2,487,975
58$3,546,985$2,164,932$1,857,589$2,588,958
59$3,849,685$2,211,922$1,860,726$2,696,992
60$4,181,399$2,259,352$1,862,106$2,812,755
61$4,545,028$2,307,186$1,861,613$2,936,994
62$4,943,767$2,355,384$1,859,123$3,070,536
63$5,381,134$2,403,901$1,854,506$3,214,290
64$5,861,005$2,452,688$1,847,628$3,369,262
65$6,387,649$2,501,691$1,838,345$3,536,563
66$6,965,769$2,550,854$1,826,510$3,717,417
67$7,600,545$2,600,113$1,811,965$3,913,176
68$8,297,682$2,649,400$1,794,547$4,125,332
69$9,063,466$2,698,641$1,774,085$4,355,533
70$9,904,822$2,747,757$1,750,399$4,605,595
71$10,829,378$2,796,661$1,723,302$4,877,525
72$11,845,538$2,845,261$1,692,596$5,173,537
73$12,962,561$2,893,457$1,658,076$5,496,073
74$14,190,646$2,941,140$1,619,526$5,847,830
75$15,541,033$2,988,197$1,576,720$6,231,783
76$17,026,101$3,034,501$1,529,423$6,651,214
77$18,659,493$3,079,921$1,477,388$7,109,746
78$20,456,237$3,124,313$1,420,357$7,611,376
79$22,432,894$3,167,525$1,358,060$8,160,515
80$24,607,709$3,209,394$1,290,214$8,762,027
81$27,000,784$3,249,743$1,216,526$9,421,281
82$29,634,271$3,288,387$1,136,686$10,144,199
83$32,532,574$3,325,126$1,050,373$10,937,316
84$35,722,587$3,359,747$957,250$11,807,838
85$39,233,938$3,392,022$856,965$12,763,718
86$43,099,279$3,421,710$749,153$13,813,725
87$47,354,583$3,448,552$633,427$14,967,534
88$52,039,493$3,472,274$509,390$16,235,817
89$57,197,688$3,492,582$376,621$17,630,342
90$62,877,300$3,509,165$234,685$19,164,093
91$69,131,363$3,521,693$83,125$20,851,386
92$76,018,319$3,529,813$0$22,708,012
93$83,602,564$3,533,151$0$24,774,035
94$91,955,059$3,531,309$0$27,073,039
95$101,153,998$3,523,865$0$29,602,381
96$111,285,543$3,510,372$0$32,385,571
97$122,444,641$3,490,353$0$35,448,527
98$134,735,919$3,463,305$0$38,819,818
99$148,274,667$3,428,692$0$42,530,936
100$163,187,933$3,385,947$0$46,616,596