Can I retire at age 50 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$147,817$146,500$145,215$143,961$142,737$141,541
2 years$73,176$71,814$70,493$69,212$67,970$66,765
3 years$48,300$46,931$45,614$44,345$43,123$41,946
4 years$35,864$34,499$33,195$31,948$30,756$29,615
5 years$28,404$27,048$25,761$24,539$23,380$22,280
6 years$23,433$22,087$20,818$19,624$18,500$17,442
7 years$19,883$18,548$17,300$16,134$15,045$14,029
8 years$17,222$15,899$14,672$13,534$12,482$11,508
9 years$15,153$13,843$12,637$11,528$10,511$9,579
10 years$13,500$12,202$11,017$9,938$8,956$8,066
11 years$12,147$10,863$9,699$8,649$7,703$6,853
12 years$11,021$9,750$8,608$7,586$6,675$5,865
13 years$10,069$8,811$7,691$6,697$5,821$5,050
14 years$9,254$8,009$6,910$5,945$5,102$4,370
15 years$8,548$7,316$6,239$5,302$4,492$3,797
16 years$7,930$6,713$5,656$4,747$3,970$3,311
17 years$7,386$6,182$5,147$4,265$3,520$2,895
18 years$6,903$5,713$4,699$3,844$3,130$2,539
19 years$6,472$5,294$4,301$3,473$2,790$2,231
20 years$6,084$4,920$3,948$3,146$2,492$1,964
21 years$5,733$4,583$3,631$2,855$2,230$1,732
22 years$5,415$4,278$3,347$2,596$1,999$1,530
23 years$5,125$4,001$3,090$2,364$1,794$1,353
24 years$4,859$3,748$2,858$2,156$1,613$1,198
25 years$4,615$3,518$2,647$1,969$1,451$1,062
26 years$4,390$3,306$2,455$1,801$1,307$942
27 years$4,182$3,111$2,279$1,648$1,179$836
28 years$3,990$2,932$2,119$1,510$1,064$742
29 years$3,810$2,766$1,972$1,385$960$660
30 years$3,644$2,612$1,837$1,271$868$586
31 years$3,488$2,469$1,712$1,167$785$522
32 years$3,342$2,336$1,598$1,073$710$464
33 years$3,206$2,213$1,492$986$642$413
34 years$3,077$2,097$1,394$908$581$368
35 years$2,957$1,989$1,303$835$527$328
36 years$2,843$1,888$1,219$769$477$292
37 years$2,736$1,793$1,141$709$432$260
38 years$2,634$1,704$1,069$653$392$232
39 years$2,538$1,620$1,001$602$356$207
40 years$2,447$1,542$938$556$323$185
41 years$2,361$1,468$880$513$293$165
42 years$2,279$1,398$825$473$265$147
43 years$2,201$1,332$774$437$241$131
44 years$2,127$1,269$727$403$219$117
45 years$2,056$1,210$683$372$199$104
46 years$1,989$1,155$641$344$180$93
47 years$1,924$1,102$602$318$164$83
48 years$1,863$1,052$566$294$149$74
49 years$1,804$1,005$532$271$135$66
50 years$1,748$960$500$251$123$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,790,000, adding $5,863 every year, while hoping to spend $20,357 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: 54/19/27 Blend
49$1,790,000$1,790,000$1,790,000$1,790,000
50$1,978,628$1,883,758$1,856,013$2,070,360
51$2,158,788$1,954,402$1,896,529$2,204,991
52$2,356,642$2,027,826$1,937,721$2,348,909
53$2,573,974$2,104,144$1,979,589$2,505,184
54$2,812,748$2,183,475$2,022,134$2,675,010
55$3,075,128$2,265,945$2,065,355$2,859,700
56$3,363,498$2,351,683$2,109,251$3,060,698
57$3,680,485$2,440,826$2,153,821$3,279,593
58$4,028,983$2,533,515$2,199,063$3,518,136
59$4,412,180$2,629,898$2,244,972$3,778,252
60$4,833,589$2,730,130$2,291,545$4,062,061
61$5,297,080$2,834,370$2,338,777$4,371,897
62$5,806,916$2,942,789$2,386,660$4,710,329
63$6,367,796$3,055,560$2,435,187$5,080,186
64$6,984,895$3,172,867$2,484,351$5,484,582
65$7,663,918$3,294,901$2,534,140$5,926,945
66$8,411,148$3,421,861$2,584,544$6,411,054
67$9,233,509$3,553,956$2,635,550$6,941,065
68$10,138,630$3,691,403$2,687,144$7,521,558
69$11,134,917$3,834,429$2,739,310$8,157,577
70$12,231,633$3,983,271$2,792,032$8,854,676
71$13,438,985$4,138,176$2,845,290$9,618,973
72$14,768,218$4,299,402$2,899,063$10,457,205
73$16,231,723$4,467,221$2,953,330$11,376,794
74$17,843,157$4,641,912$3,008,064$12,385,917
75$19,617,564$4,823,771$3,063,239$13,493,576
76$21,571,525$5,013,105$3,118,827$14,709,692
77$23,723,308$5,210,235$3,174,795$16,045,192
78$26,093,045$5,415,496$3,231,111$17,512,112
79$28,702,919$5,629,239$3,287,736$19,123,713
80$31,577,374$5,851,829$3,344,632$20,894,605
81$34,743,346$6,083,649$3,401,758$22,840,879
82$38,230,518$6,325,097$3,459,067$24,980,267
83$42,071,596$6,576,593$3,516,511$27,332,302
84$46,302,624$6,838,571$3,574,040$29,918,505
85$50,963,318$7,111,487$3,631,596$32,762,587
86$56,097,445$7,395,818$3,689,123$35,890,669
87$61,753,232$7,692,061$3,746,556$39,331,534
88$67,983,826$8,000,736$3,803,830$43,116,892
89$74,847,790$8,322,387$3,860,872$47,281,684
90$82,409,662$8,657,581$3,917,609$51,864,405
91$90,740,558$9,006,913$3,973,959$56,907,472
92$99,918,847$9,371,003$4,029,838$62,457,621
93$110,030,887$9,750,500$4,085,156$68,566,346
94$121,171,845$10,146,083$4,139,817$75,290,388
95$133,446,593$10,558,460$4,193,720$82,692,267
96$146,970,694$10,988,373$4,246,758$90,840,871
97$161,871,498$11,436,597$4,298,818$99,812,107
98$178,289,343$11,903,942$4,349,780$109,689,614
99$196,378,877$12,391,256$4,399,519$120,565,556
100$216,310,520$12,899,426$4,447,901$132,541,484