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%16.7%
1 years$143,688$142,408$141,159$139,940$138,750$134,958
2 years$71,132$69,808$68,524$67,279$66,071$62,279
3 years$46,951$45,620$44,339$43,106$41,918$38,244
4 years$34,862$33,536$32,268$31,056$29,897$26,368
5 years$27,611$26,292$25,041$23,854$22,727$19,354
6 years$22,778$21,470$20,237$19,076$17,983$14,770
7 years$19,328$18,030$16,817$15,683$14,625$11,571
8 years$16,741$15,455$14,262$13,156$12,133$9,237
9 years$14,730$13,457$12,284$11,206$10,218$7,476
10 years$13,122$11,861$10,709$9,660$8,706$6,116
11 years$11,808$10,559$9,428$8,407$7,487$5,045
12 years$10,713$9,478$8,367$7,374$6,488$4,189
13 years$9,788$8,565$7,476$6,510$5,658$3,496
14 years$8,995$7,785$6,717$5,779$4,960$2,931
15 years$8,309$7,112$6,065$5,154$4,367$2,466
16 years$7,709$6,525$5,498$4,615$3,860$2,080
17 years$7,180$6,009$5,003$4,146$3,422$1,759
18 years$6,711$5,553$4,567$3,737$3,043$1,491
19 years$6,291$5,146$4,181$3,376$2,712$1,266
20 years$5,914$4,782$3,837$3,058$2,423$1,076
21 years$5,573$4,455$3,530$2,775$2,168$916
22 years$5,263$4,158$3,253$2,523$1,943$780
23 years$4,981$3,889$3,004$2,298$1,744$665
24 years$4,723$3,644$2,778$2,096$1,568$568
25 years$4,486$3,419$2,573$1,914$1,411$485
26 years$4,267$3,214$2,386$1,750$1,271$414
27 years$4,065$3,025$2,216$1,602$1,146$354
28 years$3,878$2,850$2,060$1,468$1,034$302
29 years$3,704$2,689$1,917$1,346$934$259
30 years$3,542$2,539$1,786$1,235$843$221
31 years$3,391$2,400$1,665$1,135$763$189
32 years$3,249$2,271$1,553$1,043$690$162
33 years$3,116$2,151$1,450$959$624$139
34 years$2,991$2,039$1,355$882$565$119
35 years$2,874$1,934$1,267$812$512$102
36 years$2,764$1,835$1,185$748$464$87
37 years$2,659$1,743$1,109$689$420$75
38 years$2,561$1,656$1,039$635$381$64
39 years$2,467$1,575$973$586$346$55
40 years$2,379$1,499$912$540$313$47
41 years$2,295$1,427$855$498$284$40
42 years$2,215$1,359$802$460$258$34
43 years$2,139$1,294$753$425$234$29
44 years$2,067$1,234$707$392$213$25
45 years$1,999$1,177$664$362$193$22
46 years$1,933$1,122$623$334$175$19
47 years$1,871$1,071$585$309$159$16
48 years$1,811$1,023$550$286$145$14
49 years$1,754$977$517$264$131$12
50 years$1,699$933$486$244$119$10

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 $3,204 every year, while hoping to spend $52,399 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: 77/16/7 Blend
49$1,740,000$1,740,000$1,740,000$1,740,000
50$1,920,785$1,828,565$1,801,595$2,066,812
51$2,060,953$1,862,412$1,806,196$2,197,004
52$2,213,662$1,896,162$1,809,195$2,332,621
53$2,380,135$1,929,754$1,810,484$2,479,773
54$2,561,721$1,963,124$1,809,946$2,639,583
55$2,759,900$1,996,201$1,807,464$2,813,289
56$2,976,306$2,028,911$1,802,910$3,002,255
57$3,212,735$2,061,173$1,796,153$3,207,982
58$3,471,164$2,092,900$1,787,054$3,432,124
59$3,753,770$2,124,000$1,775,468$3,676,502
60$4,062,952$2,154,373$1,761,243$3,943,124
61$4,401,348$2,183,913$1,744,220$4,234,199
62$4,771,867$2,212,506$1,724,232$4,552,164
63$5,177,707$2,240,029$1,701,104$4,899,702
64$5,622,396$2,266,353$1,674,654$5,279,768
65$6,109,815$2,291,338$1,644,689$5,695,622
66$6,644,239$2,314,837$1,611,009$6,150,850
67$7,230,378$2,336,691$1,573,405$6,649,408
68$7,873,418$2,356,730$1,531,656$7,195,653
69$8,579,074$2,374,777$1,485,533$7,794,385
70$9,353,637$2,390,638$1,434,796$8,450,897
71$10,204,039$2,404,111$1,379,193$9,171,017
72$11,137,918$2,414,979$1,318,462$9,961,170
73$12,163,683$2,423,011$1,252,328$10,828,436
74$13,290,602$2,427,961$1,180,504$11,780,615
75$14,528,882$2,429,571$1,102,691$12,826,304
76$15,889,771$2,427,562$1,018,573$13,974,977
77$17,385,656$2,421,642$927,824$15,237,076
78$19,030,189$2,411,498$830,102$16,624,104
79$20,838,406$2,396,799$725,049$18,148,742
80$22,826,877$2,377,196$612,291$19,824,962
81$25,013,854$2,352,314$491,439$21,668,164
82$27,419,451$2,321,761$362,085$23,695,318
83$30,065,824$2,285,117$223,805$25,925,125
84$32,977,391$2,241,940$76,154$28,378,197
85$36,181,049$2,191,760$0$31,077,248
86$39,706,440$2,134,080$0$34,053,391
87$43,586,221$2,068,373$0$37,334,597
88$47,856,375$1,994,084$0$40,945,613
89$52,556,553$1,910,621$0$44,919,984
90$57,730,442$1,817,362$0$49,294,677
91$63,426,181$1,713,647$0$54,110,428
92$69,696,813$1,598,777$0$59,412,130
93$76,600,787$1,472,016$0$65,249,254
94$84,202,505$1,332,582$0$71,676,319
95$92,572,933$1,179,652$0$78,753,404
96$101,790,272$1,012,354$0$86,546,718
97$111,940,688$829,768$0$95,129,223
98$123,119,133$630,922$0$104,581,326
99$135,430,235$414,787$0$114,991,636
100$148,989,287$180,280$0$126,457,802