Can I retire at age 50 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$158,552$157,140$155,762$154,417$153,103$148,500
2 years$78,491$77,029$75,612$74,239$72,906$68,307
3 years$51,808$50,339$48,926$47,566$46,255$41,804
4 years$38,468$37,005$35,606$34,268$32,989$28,721
5 years$30,467$29,012$27,632$26,321$25,078$21,004
6 years$25,135$23,691$22,330$21,049$19,843$15,967
7 years$21,327$19,895$18,557$17,306$16,138$12,460
8 years$18,473$17,054$15,738$14,517$13,388$9,905
9 years$16,254$14,849$13,555$12,366$11,275$7,983
10 years$14,480$13,088$11,817$10,659$9,607$6,502
11 years$13,029$11,652$10,404$9,277$8,262$5,340
12 years$11,822$10,458$9,233$8,137$7,160$4,413
13 years$10,800$9,451$8,249$7,184$6,243$3,666
14 years$9,926$8,591$7,412$6,377$5,473$3,058
15 years$9,168$7,848$6,692$5,687$4,819$2,560
16 years$8,506$7,200$6,067$5,092$4,259$2,149
17 years$7,923$6,631$5,521$4,575$3,776$1,808
18 years$7,405$6,127$5,040$4,123$3,358$1,525
19 years$6,942$5,679$4,614$3,726$2,993$1,287
20 years$6,525$5,277$4,234$3,374$2,673$1,089
21 years$6,149$4,915$3,895$3,062$2,392$921
22 years$5,808$4,588$3,590$2,784$2,144$781
23 years$5,497$4,291$3,314$2,536$1,925$662
24 years$5,212$4,021$3,065$2,313$1,730$562
25 years$4,950$3,773$2,839$2,112$1,557$477
26 years$4,709$3,546$2,633$1,931$1,402$405
27 years$4,486$3,337$2,445$1,768$1,264$344
28 years$4,279$3,145$2,273$1,620$1,141$293
29 years$4,087$2,967$2,115$1,485$1,030$249
30 years$3,908$2,802$1,970$1,363$931$212
31 years$3,741$2,649$1,837$1,252$841$180
32 years$3,585$2,506$1,714$1,151$761$153
33 years$3,438$2,373$1,600$1,058$689$130
34 years$3,301$2,249$1,495$973$624$111
35 years$3,171$2,134$1,398$896$565$95
36 years$3,049$2,025$1,308$825$512$80
37 years$2,934$1,923$1,224$760$464$69
38 years$2,825$1,828$1,146$701$421$58
39 years$2,723$1,738$1,074$646$381$50
40 years$2,625$1,654$1,006$596$346$42
41 years$2,532$1,574$944$550$314$36
42 years$2,444$1,499$885$508$285$31
43 years$2,361$1,428$831$469$258$26
44 years$2,281$1,362$780$433$235$22
45 years$2,205$1,298$732$400$213$19
46 years$2,133$1,239$688$369$193$16
47 years$2,064$1,182$646$341$176$14
48 years$1,998$1,128$607$315$159$12
49 years$1,935$1,078$571$291$145$10
50 years$1,875$1,029$536$269$132$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,920,000, adding $6,714 every year, while hoping to spend $54,243 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: 40/37/23 Blend
49$1,920,000$1,920,000$1,920,000$1,920,000
50$2,122,765$2,021,005$1,991,245$2,192,995
51$2,281,573$2,062,321$2,000,238$2,285,478
52$2,454,762$2,103,842$2,007,714$2,379,834
53$2,643,740$2,145,523$2,013,565$2,480,829
54$2,850,060$2,187,312$2,017,678$2,589,101
55$3,075,429$2,229,153$2,019,933$2,705,352
56$3,321,728$2,270,987$2,020,206$2,830,359
57$3,591,026$2,312,747$2,018,364$2,964,978
58$3,885,603$2,354,364$2,014,272$3,110,154
59$4,207,967$2,395,761$2,007,783$3,266,928
60$4,560,883$2,436,857$1,998,747$3,436,451
61$4,947,394$2,477,563$1,987,005$3,619,993
62$5,370,849$2,517,784$1,972,391$3,818,954
63$5,834,939$2,557,419$1,954,730$4,034,881
64$6,343,729$2,596,359$1,933,840$4,269,480
65$6,901,695$2,634,486$1,909,529$4,524,632
66$7,513,767$2,671,675$1,881,597$4,802,414
67$8,185,375$2,707,791$1,849,834$5,105,120
68$8,922,501$2,742,691$1,814,022$5,435,277
69$9,731,734$2,776,220$1,773,929$5,795,676
70$10,620,332$2,808,216$1,729,317$6,189,395
71$11,596,289$2,838,502$1,679,932$6,619,831
72$12,668,413$2,866,891$1,625,513$7,090,732
73$13,846,408$2,893,185$1,565,783$7,606,232
74$15,140,960$2,917,170$1,500,456$8,170,891
75$16,563,847$2,938,621$1,429,231$8,789,742
76$18,128,042$2,957,295$1,351,792$9,468,334
77$19,847,837$2,972,937$1,267,812$10,212,791
78$21,738,979$2,985,274$1,176,946$11,029,867
79$23,818,817$2,994,015$1,078,837$11,927,011
80$26,106,467$2,998,852$973,108$12,912,441
81$28,622,988$2,999,457$859,368$13,995,220
82$31,391,584$2,995,482$737,209$15,185,344
83$34,437,823$2,986,558$606,202$16,493,837
84$37,789,873$2,972,291$465,902$17,932,861
85$41,478,773$2,952,266$315,843$19,515,823
86$45,538,722$2,926,042$155,538$21,257,512
87$50,007,403$2,893,150$0$23,174,238
88$54,926,338$2,853,093$0$25,287,797
89$60,341,276$2,805,346$0$27,655,190
90$66,302,630$2,749,352$0$30,260,211
91$72,865,948$2,684,521$0$33,127,116
92$80,092,440$2,610,226$0$36,282,642
93$88,049,549$2,525,808$0$39,756,262
94$96,811,595$2,430,565$0$43,580,461
95$106,460,472$2,323,756$0$47,791,050
96$117,086,417$2,204,598$0$52,427,500
97$128,788,869$2,072,261$0$57,533,321
98$141,677,400$1,925,868$0$63,156,471
99$155,872,751$1,764,491$0$69,349,810
100$171,507,972$1,587,151$0$76,171,607