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

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$151,945$150,592$149,272$147,983$146,724$144,353
2 years$75,221$73,820$72,462$71,146$69,869$67,486
3 years$49,649$48,242$46,888$45,584$44,328$42,008
4 years$36,866$35,463$34,122$32,840$31,615$29,376
5 years$29,198$27,803$26,480$25,225$24,033$21,882
6 years$24,087$22,704$21,400$20,172$19,017$16,955
7 years$20,438$19,066$17,783$16,585$15,466$13,494
8 years$17,703$16,343$15,082$13,913$12,830$10,949
9 years$15,577$14,230$12,990$11,850$10,805$9,012
10 years$13,877$12,543$11,325$10,215$9,206$7,501
11 years$12,487$11,166$9,970$8,890$7,918$6,299
12 years$11,329$10,022$8,848$7,798$6,861$5,326
13 years$10,350$9,057$7,905$6,884$5,983$4,529
14 years$9,512$8,233$7,103$6,111$5,245$3,870
15 years$8,786$7,521$6,413$5,450$4,618$3,320
16 years$8,152$6,900$5,814$4,880$4,081$2,857
17 years$7,593$6,355$5,291$4,385$3,619$2,465
18 years$7,096$5,872$4,830$3,951$3,218$2,132
19 years$6,652$5,442$4,422$3,570$2,868$1,848
20 years$6,254$5,057$4,058$3,234$2,562$1,605
21 years$5,893$4,711$3,732$2,935$2,292$1,395
22 years$5,566$4,397$3,440$2,668$2,055$1,215
23 years$5,268$4,113$3,176$2,430$1,845$1,059
24 years$4,995$3,853$2,938$2,216$1,658$923
25 years$4,744$3,616$2,721$2,024$1,492$806
26 years$4,513$3,398$2,523$1,851$1,344$704
27 years$4,299$3,198$2,343$1,694$1,212$616
28 years$4,101$3,014$2,178$1,552$1,093$539
29 years$3,917$2,843$2,027$1,423$987$471
30 years$3,745$2,685$1,888$1,306$892$413
31 years$3,585$2,538$1,760$1,200$806$361
32 years$3,436$2,402$1,642$1,103$729$317
33 years$3,295$2,274$1,533$1,014$660$277
34 years$3,163$2,156$1,433$933$598$243
35 years$3,039$2,045$1,340$859$541$213
36 years$2,922$1,941$1,253$791$491$187
37 years$2,812$1,843$1,173$729$445$164
38 years$2,708$1,752$1,098$672$403$144
39 years$2,609$1,666$1,029$619$365$126
40 years$2,516$1,585$965$571$332$111
41 years$2,427$1,509$904$527$301$97
42 years$2,343$1,437$848$486$273$85
43 years$2,262$1,369$796$449$248$75
44 years$2,186$1,305$747$415$225$66
45 years$2,114$1,244$702$383$204$58
46 years$2,044$1,187$659$354$185$51
47 years$1,978$1,133$619$327$168$44
48 years$1,915$1,081$582$302$153$39
49 years$1,854$1,033$547$279$139$34
50 years$1,796$986$514$258$126$30

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 $5,705 every year, while hoping to spend $25,039 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: 68/26/6 Blend
49$1,840,000$1,840,000$1,840,000$1,840,000
50$2,033,565$1,936,045$1,907,525$2,169,700
51$2,214,347$2,004,270$1,944,785$2,328,825
52$2,412,730$2,074,998$1,982,455$2,499,182
53$2,630,482$2,148,327$2,020,521$2,684,790
54$2,869,552$2,224,356$2,058,970$2,887,135
55$3,132,087$2,303,189$2,097,785$3,107,853
56$3,420,449$2,384,936$2,136,951$3,348,744
57$3,737,245$2,469,707$2,176,449$3,611,791
58$4,085,343$2,557,622$2,216,259$3,899,173
59$4,467,905$2,648,802$2,256,360$4,213,292
60$4,888,412$2,743,374$2,296,729$4,556,791
61$5,350,701$2,841,471$2,337,341$4,932,578
62$5,859,000$2,943,230$2,378,169$5,343,859
63$6,417,965$3,048,795$2,419,184$5,794,159
64$7,032,726$3,158,315$2,460,356$6,287,363
65$7,708,937$3,271,946$2,501,651$6,827,746
66$8,452,827$3,389,849$2,543,034$7,420,019
67$9,271,256$3,512,193$2,584,467$8,069,368
68$10,171,788$3,639,154$2,625,910$8,781,503
69$11,162,751$3,770,913$2,667,319$9,562,715
70$12,253,326$3,907,663$2,708,649$10,419,931
71$13,453,628$4,049,600$2,749,850$11,360,783
72$14,774,799$4,196,932$2,790,872$12,393,674
73$16,229,120$4,349,873$2,831,658$13,527,862
74$17,830,122$4,508,648$2,872,150$14,773,544
75$19,592,713$4,673,491$2,912,286$16,141,951
76$21,533,322$4,844,644$2,951,999$17,645,458
77$23,670,051$5,022,362$2,991,222$19,297,693
78$26,022,847$5,206,908$3,029,878$21,113,672
79$28,613,689$5,398,558$3,067,890$23,109,937
80$31,466,797$5,597,599$3,105,177$25,304,708
81$34,608,859$5,804,331$3,141,649$27,718,063
82$38,069,284$6,019,064$3,177,215$30,372,118
83$41,880,477$6,242,124$3,211,778$33,291,239
84$46,078,148$6,473,851$3,245,235$36,502,271
85$50,701,645$6,714,596$3,277,477$40,034,792
86$55,794,331$6,964,729$3,308,390$43,921,388
87$61,403,986$7,224,634$3,337,854$48,197,962
88$67,583,263$7,494,711$3,365,743$52,904,070
89$74,390,182$7,775,378$3,391,921$58,083,298
90$81,888,679$8,067,071$3,416,250$63,783,666
91$90,149,211$8,370,243$3,438,580$70,058,087
92$99,249,415$8,685,370$3,458,757$76,964,859
93$109,274,847$9,012,945$3,476,617$84,568,218
94$120,319,785$9,353,483$3,491,988$92,938,945
95$132,488,123$9,707,524$3,504,690$102,155,027
96$145,894,347$10,075,628$3,514,532$112,302,398
97$160,664,617$10,458,380$3,521,315$123,475,745
98$176,937,960$10,856,392$3,524,831$135,779,403
99$194,867,578$11,270,302$3,524,860$149,328,337
100$214,622,299$11,700,775$3,521,170$164,249,225