Can I retire at age 50 with 1,840,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$151,945$150,592$149,272$147,983$146,724$141,857
2 years$75,221$73,820$72,462$71,146$69,869$65,012
3 years$49,649$48,242$46,888$45,584$44,328$39,635
4 years$36,866$35,463$34,122$32,840$31,615$27,121
5 years$29,198$27,803$26,480$25,225$24,033$19,750
6 years$24,087$22,704$21,400$20,172$19,017$14,949
7 years$20,438$19,066$17,783$16,585$15,466$11,612
8 years$17,703$16,343$15,082$13,913$12,830$9,187
9 years$15,577$14,230$12,990$11,850$10,805$7,369
10 years$13,877$12,543$11,325$10,215$9,206$5,972
11 years$12,487$11,166$9,970$8,890$7,918$4,879
12 years$11,329$10,022$8,848$7,798$6,861$4,011
13 years$10,350$9,057$7,905$6,884$5,983$3,314
14 years$9,512$8,233$7,103$6,111$5,245$2,749
15 years$8,786$7,521$6,413$5,450$4,618$2,288
16 years$8,152$6,900$5,814$4,880$4,081$1,910
17 years$7,593$6,355$5,291$4,385$3,619$1,598
18 years$7,096$5,872$4,830$3,951$3,218$1,339
19 years$6,652$5,442$4,422$3,570$2,868$1,124
20 years$6,254$5,057$4,058$3,234$2,562$944
21 years$5,893$4,711$3,732$2,935$2,292$795
22 years$5,566$4,397$3,440$2,668$2,055$669
23 years$5,268$4,113$3,176$2,430$1,845$564
24 years$4,995$3,853$2,938$2,216$1,658$475
25 years$4,744$3,616$2,721$2,024$1,492$401
26 years$4,513$3,398$2,523$1,851$1,344$338
27 years$4,299$3,198$2,343$1,694$1,212$286
28 years$4,101$3,014$2,178$1,552$1,093$241
29 years$3,917$2,843$2,027$1,423$987$204
30 years$3,745$2,685$1,888$1,306$892$172
31 years$3,585$2,538$1,760$1,200$806$146
32 years$3,436$2,402$1,642$1,103$729$123
33 years$3,295$2,274$1,533$1,014$660$104
34 years$3,163$2,156$1,433$933$598$88
35 years$3,039$2,045$1,340$859$541$74
36 years$2,922$1,941$1,253$791$491$63
37 years$2,812$1,843$1,173$729$445$53
38 years$2,708$1,752$1,098$672$403$45
39 years$2,609$1,666$1,029$619$365$38
40 years$2,516$1,585$965$571$332$32
41 years$2,427$1,509$904$527$301$27
42 years$2,343$1,437$848$486$273$23
43 years$2,262$1,369$796$449$248$19
44 years$2,186$1,305$747$415$225$16
45 years$2,114$1,244$702$383$204$14
46 years$2,044$1,187$659$354$185$12
47 years$1,978$1,133$619$327$168$10
48 years$1,915$1,081$582$302$153$8
49 years$1,854$1,033$547$279$139$7
50 years$1,796$986$514$258$126$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,840,000, adding $5,253 every year, while hoping to spend $50,759 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: 68/18/14 Blend
49$1,840,000$1,840,000$1,840,000$1,840,000
50$2,033,098$1,935,578$1,907,058$2,164,482
51$2,186,467$1,976,415$1,916,938$2,293,475
52$2,353,779$2,017,551$1,925,447$2,427,991
53$2,536,401$2,058,947$1,932,486$2,573,821
54$2,735,840$2,100,562$1,937,951$2,732,072
55$2,953,756$2,142,350$1,941,732$2,903,961
56$3,191,972$2,184,258$1,943,714$3,090,830
57$3,452,501$2,226,234$1,943,775$3,294,159
58$3,737,554$2,268,217$1,941,789$3,515,576
59$4,049,568$2,310,144$1,937,624$3,756,877
60$4,391,228$2,351,945$1,931,138$4,020,038
61$4,765,488$2,393,545$1,922,186$4,307,240
62$5,175,603$2,434,864$1,910,614$4,620,883
63$5,625,157$2,475,815$1,896,262$4,963,614
64$6,118,097$2,516,304$1,878,961$5,338,350
65$6,658,770$2,556,230$1,858,534$5,748,304
66$7,251,967$2,595,487$1,834,796$6,197,017
67$7,902,960$2,633,959$1,807,555$6,688,392
68$8,617,560$2,671,521$1,776,606$7,226,732
69$9,402,168$2,708,042$1,741,739$7,816,775
70$10,263,832$2,743,379$1,702,730$8,463,746
71$11,210,319$2,777,381$1,659,348$9,173,403
72$12,250,185$2,809,886$1,611,349$9,952,091
73$13,392,853$2,840,720$1,558,479$10,806,804
74$14,648,709$2,869,699$1,500,472$11,745,250
75$16,029,189$2,896,627$1,437,050$12,775,922
76$17,546,898$2,921,293$1,367,923$13,908,185
77$19,215,719$2,943,474$1,292,785$15,152,355
78$21,050,949$2,962,931$1,211,321$16,519,806
79$23,069,442$2,979,411$1,123,197$18,023,071
80$25,289,768$2,992,645$1,028,066$19,675,964
81$27,732,385$3,002,345$925,567$21,493,711
82$30,419,835$3,008,207$815,320$23,493,091
83$33,376,956$3,009,906$696,931$25,692,599
84$36,631,113$3,007,100$569,986$28,112,617
85$40,212,460$2,999,421$434,054$30,775,610
86$44,154,222$2,986,483$288,686$33,706,337
87$48,493,005$2,967,874$133,410$36,932,085
88$53,269,149$2,943,157$0$40,482,928
89$58,527,100$2,911,870$0$44,396,838
90$64,315,834$2,873,521$0$48,727,100
91$70,689,316$2,827,591$0$53,494,108
92$77,707,012$2,773,528$0$58,742,316
93$85,434,444$2,710,748$0$64,520,716
94$93,943,817$2,638,634$0$70,883,296
95$103,314,690$2,556,531$0$77,889,552
96$113,634,733$2,463,745$0$85,605,048
97$125,000,551$2,359,545$0$94,102,037
98$137,518,598$2,243,153$0$103,460,146
99$151,306,178$2,113,750$0$113,767,121
100$166,492,552$1,970,468$0$125,119,661