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%16.2%
1 years$158,552$157,140$155,762$154,417$153,103$149,221
2 years$78,491$77,029$75,612$74,239$72,906$69,020
3 years$51,808$50,339$48,926$47,566$46,255$42,486
4 years$38,468$37,005$35,606$34,268$32,989$29,367
5 years$30,467$29,012$27,632$26,321$25,078$21,612
6 years$25,135$23,691$22,330$21,049$19,843$16,538
7 years$21,327$19,895$18,557$17,306$16,138$12,993
8 years$18,473$17,054$15,738$14,517$13,388$10,402
9 years$16,254$14,849$13,555$12,366$11,275$8,445
10 years$14,480$13,088$11,817$10,659$9,607$6,930
11 years$13,029$11,652$10,404$9,277$8,262$5,735
12 years$11,822$10,458$9,233$8,137$7,160$4,777
13 years$10,800$9,451$8,249$7,184$6,243$4,001
14 years$9,926$8,591$7,412$6,377$5,473$3,366
15 years$9,168$7,848$6,692$5,687$4,819$2,841
16 years$8,506$7,200$6,067$5,092$4,259$2,406
17 years$7,923$6,631$5,521$4,575$3,776$2,042
18 years$7,405$6,127$5,040$4,123$3,358$1,737
19 years$6,942$5,679$4,614$3,726$2,993$1,480
20 years$6,525$5,277$4,234$3,374$2,673$1,263
21 years$6,149$4,915$3,895$3,062$2,392$1,079
22 years$5,808$4,588$3,590$2,784$2,144$923
23 years$5,497$4,291$3,314$2,536$1,925$790
24 years$5,212$4,021$3,065$2,313$1,730$677
25 years$4,950$3,773$2,839$2,112$1,557$580
26 years$4,709$3,546$2,633$1,931$1,402$498
27 years$4,486$3,337$2,445$1,768$1,264$427
28 years$4,279$3,145$2,273$1,620$1,141$367
29 years$4,087$2,967$2,115$1,485$1,030$315
30 years$3,908$2,802$1,970$1,363$931$270
31 years$3,741$2,649$1,837$1,252$841$232
32 years$3,585$2,506$1,714$1,151$761$200
33 years$3,438$2,373$1,600$1,058$689$172
34 years$3,301$2,249$1,495$973$624$148
35 years$3,171$2,134$1,398$896$565$127
36 years$3,049$2,025$1,308$825$512$109
37 years$2,934$1,923$1,224$760$464$94
38 years$2,825$1,828$1,146$701$421$81
39 years$2,723$1,738$1,074$646$381$69
40 years$2,625$1,654$1,006$596$346$60
41 years$2,532$1,574$944$550$314$51
42 years$2,444$1,499$885$508$285$44
43 years$2,361$1,428$831$469$258$38
44 years$2,281$1,362$780$433$235$33
45 years$2,205$1,298$732$400$213$28
46 years$2,133$1,239$688$369$193$24
47 years$2,064$1,182$646$341$176$21
48 years$1,998$1,128$607$315$159$18
49 years$1,935$1,078$571$291$145$15
50 years$1,875$1,029$536$269$132$13

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 $5,537 every year, while hoping to spend $49,518 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: 86/8/6 Blend
49$1,920,000$1,920,000$1,920,000$1,920,000
50$2,121,551$2,019,791$1,990,031$2,303,005
51$2,285,263$2,066,074$2,004,011$2,468,377
52$2,464,013$2,112,966$2,016,799$2,642,666
53$2,659,284$2,160,443$2,028,303$2,832,586
54$2,872,707$2,208,480$2,038,427$3,039,676
55$3,106,078$2,257,050$2,047,069$3,265,628
56$3,361,373$2,306,121$2,054,121$3,512,308
57$3,640,771$2,355,659$2,059,472$3,781,769
58$3,946,668$2,405,624$2,063,003$4,076,273
59$4,281,704$2,455,976$2,064,590$4,398,311
60$4,648,788$2,506,669$2,064,103$4,750,627
61$5,051,120$2,557,651$2,061,406$5,136,241
62$5,492,226$2,608,868$2,056,355$5,558,483
63$5,975,991$2,660,261$2,048,801$6,021,020
64$6,506,692$2,711,763$2,038,586$6,527,890
65$7,089,041$2,763,306$2,025,545$7,083,544
66$7,728,227$2,814,812$2,009,505$7,692,881
67$8,429,968$2,866,200$1,990,284$8,361,303
68$9,200,560$2,917,379$1,967,695$9,094,758
69$10,046,941$2,968,254$1,941,536$9,899,801
70$10,976,753$3,018,722$1,911,601$10,783,652
71$11,998,413$3,068,671$1,877,671$11,754,268
72$13,121,197$3,117,981$1,839,519$12,820,414
73$14,355,321$3,166,525$1,796,905$13,991,748
74$15,712,043$3,214,163$1,749,580$15,278,910
75$17,203,763$3,260,749$1,697,283$16,693,627
76$18,844,145$3,306,124$1,639,740$18,248,817
77$20,648,243$3,350,119$1,576,666$19,958,715
78$22,632,641$3,392,552$1,507,762$21,839,005
79$24,815,613$3,433,231$1,432,715$23,906,971
80$27,217,294$3,471,947$1,351,199$26,181,657
81$29,859,867$3,508,481$1,262,873$28,684,046
82$32,767,774$3,542,597$1,167,380$31,437,263
83$35,967,946$3,574,044$1,064,347$34,466,788
84$39,490,059$3,602,555$953,385$37,800,696
85$43,366,809$3,627,844$834,087$41,469,926
86$47,634,224$3,649,608$706,029$45,508,572
87$52,332,001$3,667,525$568,767$49,954,201
88$57,503,882$3,681,251$421,838$54,848,212
89$63,198,067$3,690,421$264,758$60,236,223
90$69,467,665$3,694,647$97,023$66,168,506
91$76,371,199$3,693,517$0$72,700,455
92$83,973,156$3,686,594$0$79,898,363
93$92,344,593$3,673,412$0$87,831,223
94$101,563,811$3,653,479$0$96,566,981
95$111,717,092$3,626,272$0$106,187,364
96$122,899,511$3,591,235$0$116,782,431
97$135,215,836$3,547,780$0$128,451,424
98$148,781,514$3,495,284$0$141,303,702
99$163,723,762$3,433,087$0$155,459,775
100$180,182,765$3,360,487$0$171,052,442