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

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$158,552$157,140$155,762$154,417$153,103$147,320
2 years$78,491$77,029$75,612$74,239$72,906$67,147
3 years$51,808$50,339$48,926$47,566$46,255$40,700
4 years$38,468$37,005$35,606$34,268$32,989$27,682
5 years$30,467$29,012$27,632$26,321$25,078$20,032
6 years$25,135$23,691$22,330$21,049$19,843$15,062
7 years$21,327$19,895$18,557$17,306$16,138$11,620
8 years$18,473$17,054$15,738$14,517$13,388$9,129
9 years$16,254$14,849$13,555$12,366$11,275$7,268
10 years$14,480$13,088$11,817$10,659$9,607$5,846
11 years$13,029$11,652$10,404$9,277$8,262$4,738
12 years$11,822$10,458$9,233$8,137$7,160$3,864
13 years$10,800$9,451$8,249$7,184$6,243$3,167
14 years$9,926$8,591$7,412$6,377$5,473$2,606
15 years$9,168$7,848$6,692$5,687$4,819$2,150
16 years$8,506$7,200$6,067$5,092$4,259$1,779
17 years$7,923$6,631$5,521$4,575$3,776$1,475
18 years$7,405$6,127$5,040$4,123$3,358$1,225
19 years$6,942$5,679$4,614$3,726$2,993$1,019
20 years$6,525$5,277$4,234$3,374$2,673$849
21 years$6,149$4,915$3,895$3,062$2,392$707
22 years$5,808$4,588$3,590$2,784$2,144$590
23 years$5,497$4,291$3,314$2,536$1,925$492
24 years$5,212$4,021$3,065$2,313$1,730$411
25 years$4,950$3,773$2,839$2,112$1,557$344
26 years$4,709$3,546$2,633$1,931$1,402$287
27 years$4,486$3,337$2,445$1,768$1,264$240
28 years$4,279$3,145$2,273$1,620$1,141$201
29 years$4,087$2,967$2,115$1,485$1,030$168
30 years$3,908$2,802$1,970$1,363$931$141
31 years$3,741$2,649$1,837$1,252$841$118
32 years$3,585$2,506$1,714$1,151$761$98
33 years$3,438$2,373$1,600$1,058$689$82
34 years$3,301$2,249$1,495$973$624$69
35 years$3,171$2,134$1,398$896$565$58
36 years$3,049$2,025$1,308$825$512$48
37 years$2,934$1,923$1,224$760$464$41
38 years$2,825$1,828$1,146$701$421$34
39 years$2,723$1,738$1,074$646$381$28
40 years$2,625$1,654$1,006$596$346$24
41 years$2,532$1,574$944$550$314$20
42 years$2,444$1,499$885$508$285$17
43 years$2,361$1,428$831$469$258$14
44 years$2,281$1,362$780$433$235$12
45 years$2,205$1,298$732$400$213$10
46 years$2,133$1,239$688$369$193$8
47 years$2,064$1,182$646$341$176$7
48 years$1,998$1,128$607$315$159$6
49 years$1,935$1,078$571$291$145$5
50 years$1,875$1,029$536$269$132$4

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 $5,617 every year, while hoping to spend $40,611 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: 77/6/17 Blend
49$1,920,000$1,920,000$1,920,000$1,920,000
50$2,121,634$2,019,874$1,990,114$2,276,570
51$2,294,831$2,075,638$2,013,573$2,435,438
52$2,484,333$2,132,773$2,036,457$2,603,973
53$2,691,760$2,191,304$2,058,703$2,787,698
54$2,918,896$2,251,255$2,080,247$2,988,117
55$3,167,707$2,312,650$2,101,018$3,206,887
56$3,440,355$2,375,512$2,120,944$3,445,831
57$3,739,224$2,439,865$2,139,949$3,706,962
58$4,066,938$2,505,731$2,157,950$3,992,491
59$4,426,388$2,573,134$2,174,864$4,304,860
60$4,820,757$2,642,096$2,190,599$4,646,756
61$5,253,553$2,712,637$2,205,063$5,021,138
62$5,728,637$2,784,778$2,218,155$5,431,269
63$6,250,266$2,858,540$2,229,771$5,880,742
64$6,823,127$2,933,942$2,239,801$6,373,517
65$7,452,382$3,011,001$2,248,131$6,913,957
66$8,143,719$3,089,735$2,254,638$7,506,866
67$8,903,406$3,170,160$2,259,196$8,157,543
68$9,738,346$3,252,289$2,261,671$8,871,821
69$10,656,143$3,336,137$2,261,923$9,656,131
70$11,665,177$3,421,715$2,259,804$10,517,558
71$12,774,678$3,509,033$2,255,161$11,463,909
72$13,994,818$3,598,098$2,247,832$12,503,785
73$15,336,801$3,688,917$2,237,646$13,646,666
74$16,812,974$3,781,493$2,224,427$14,902,996
75$18,436,939$3,875,827$2,207,986$16,284,286
76$20,223,683$3,971,919$2,188,130$17,803,219
77$22,189,719$4,069,764$2,164,653$19,473,771
78$24,353,243$4,169,355$2,137,341$21,311,343
79$26,734,301$4,270,681$2,105,970$23,332,906
80$29,354,984$4,373,728$2,070,304$25,557,162
81$32,239,631$4,478,479$2,030,097$28,004,721
82$35,415,060$4,584,911$1,985,092$30,698,292
83$38,910,823$4,692,999$1,935,020$33,662,903
84$42,759,482$4,802,711$1,879,598$36,926,132
85$46,996,917$4,914,011$1,818,532$40,518,371
86$51,662,663$5,026,858$1,751,513$44,473,112
87$56,800,285$5,141,205$1,678,219$48,827,260
88$62,457,787$5,256,997$1,598,313$53,621,488
89$68,688,066$5,374,175$1,511,441$58,900,616
90$75,549,411$5,492,671$1,417,237$64,714,034
91$83,106,051$5,612,412$1,315,314$71,116,172
92$91,428,761$5,733,314$1,205,271$78,167,010
93$100,595,534$5,855,285$1,086,686$85,932,649
94$110,692,311$5,978,226$959,122$94,485,930
95$121,813,794$6,102,027$822,120$103,907,125
96$134,064,340$6,226,565$675,200$114,284,693
97$147,558,946$6,351,711$517,863$125,716,119
98$162,424,334$6,477,320$349,587$138,308,829
99$178,800,144$6,603,236$169,826$152,181,211
100$196,840,255$6,729,291$0$167,463,726