Can I retire at age 50 with 1,930,000?

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 $1,930,000?

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$159,378$157,958$156,573$155,221$153,901$151,414
2 years$78,900$77,430$76,006$74,625$73,286$70,787
3 years$52,077$50,602$49,181$47,813$46,496$44,063
4 years$38,669$37,198$35,791$34,447$33,161$30,813
5 years$30,626$29,163$27,775$26,458$25,209$22,952
6 years$25,265$23,814$22,447$21,159$19,947$17,784
7 years$21,438$19,999$18,653$17,396$16,222$14,154
8 years$18,569$17,143$15,819$14,593$13,458$11,484
9 years$16,339$14,926$13,625$12,430$11,333$9,453
10 years$14,555$13,156$11,879$10,715$9,657$7,868
11 years$13,097$11,712$10,458$9,325$8,305$6,607
12 years$11,883$10,512$9,281$8,179$7,197$5,586
13 years$10,857$9,500$8,292$7,221$6,276$4,751
14 years$9,977$8,635$7,451$6,410$5,501$4,059
15 years$9,216$7,889$6,727$5,717$4,844$3,482
16 years$8,551$7,238$6,099$5,119$4,281$2,996
17 years$7,964$6,666$5,550$4,599$3,796$2,586
18 years$7,443$6,159$5,066$4,145$3,375$2,237
19 years$6,978$5,708$4,638$3,745$3,008$1,939
20 years$6,559$5,305$4,256$3,392$2,687$1,683
21 years$6,181$4,941$3,915$3,078$2,405$1,463
22 years$5,838$4,612$3,608$2,799$2,155$1,274
23 years$5,525$4,314$3,332$2,549$1,935$1,110
24 years$5,239$4,042$3,081$2,325$1,739$969
25 years$4,976$3,793$2,854$2,123$1,565$846
26 years$4,733$3,565$2,647$1,941$1,410$739
27 years$4,509$3,355$2,458$1,777$1,271$646
28 years$4,302$3,161$2,285$1,628$1,147$565
29 years$4,108$2,982$2,126$1,493$1,035$494
30 years$3,929$2,816$1,980$1,370$936$433
31 years$3,761$2,662$1,846$1,258$846$379
32 years$3,604$2,519$1,723$1,157$765$332
33 years$3,456$2,386$1,608$1,064$692$291
34 years$3,318$2,261$1,503$979$627$255
35 years$3,188$2,145$1,405$901$568$224
36 years$3,065$2,036$1,314$830$515$196
37 years$2,950$1,933$1,230$764$466$172
38 years$2,840$1,837$1,152$705$423$151
39 years$2,737$1,747$1,079$650$383$132
40 years$2,639$1,662$1,012$599$348$116
41 years$2,546$1,582$949$553$315$102
42 years$2,457$1,507$890$510$286$89
43 years$2,373$1,436$835$471$260$78
44 years$2,293$1,369$784$435$236$69
45 years$2,217$1,305$736$402$214$60
46 years$2,144$1,245$691$371$194$53
47 years$2,075$1,188$649$343$176$47
48 years$2,008$1,134$610$317$160$41
49 years$1,945$1,083$574$293$146$36
50 years$1,884$1,035$539$271$132$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,930,000, adding $6,013 every year, while hoping to spend $58,021 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: 71/5/24 Blend
49$1,930,000$1,930,000$1,930,000$1,930,000
50$2,133,062$2,030,772$2,000,857$2,271,243
51$2,288,901$2,068,546$2,006,152$2,402,101
52$2,458,690$2,106,227$2,009,680$2,537,961
53$2,643,792$2,143,747$2,011,320$2,685,329
54$2,845,706$2,181,038$2,010,945$2,845,345
55$3,066,080$2,218,021$2,008,424$3,019,261
56$3,306,731$2,254,615$2,003,618$3,208,461
57$3,569,658$2,290,731$1,996,379$3,414,467
58$3,857,060$2,326,274$1,986,555$3,638,959
59$4,171,362$2,361,143$1,973,986$3,883,786
60$4,515,230$2,395,229$1,958,504$4,150,990
61$4,891,603$2,428,413$1,939,933$4,442,818
62$5,303,713$2,460,573$1,918,087$4,761,750
63$5,755,123$2,491,572$1,892,775$5,110,517
64$6,249,756$2,521,270$1,863,793$5,492,130
65$6,791,931$2,549,512$1,830,930$5,909,910
66$7,386,406$2,576,136$1,793,965$6,367,516
67$8,038,421$2,600,968$1,752,664$6,868,980
68$8,753,748$2,623,823$1,706,786$7,418,750
69$9,538,743$2,644,503$1,656,076$8,021,725
70$10,400,409$2,662,798$1,600,269$8,683,309
71$11,346,460$2,678,484$1,539,087$9,409,456
72$12,385,391$2,691,323$1,472,239$10,206,729
73$13,526,564$2,701,061$1,399,422$11,082,364
74$14,780,290$2,707,429$1,320,319$12,044,336
75$16,157,927$2,710,140$1,234,597$13,101,436
76$17,671,989$2,708,891$1,141,909$14,263,352
77$19,336,263$2,703,358$1,041,895$15,540,766
78$21,165,938$2,693,198$934,174$16,945,449
79$23,177,747$2,678,048$818,352$18,490,378
80$25,390,126$2,657,522$694,016$20,189,855
81$27,823,388$2,631,209$560,734$22,059,645
82$30,499,912$2,598,676$418,057$24,117,123
83$33,444,355$2,559,464$265,514$26,381,443
84$36,683,885$2,513,083$102,615$28,873,712
85$40,248,435$2,459,019$0$31,617,200
86$44,170,988$2,396,723$0$34,655,789
87$48,487,884$2,325,617$0$38,028,734
88$53,239,163$2,245,088$0$41,741,026
89$58,468,947$2,154,486$0$45,827,149
90$64,225,849$2,053,126$0$50,325,105
91$70,563,437$1,940,280$0$55,276,766
92$77,540,736$1,815,182$0$60,728,272
93$85,222,784$1,677,019$0$66,730,468
94$93,681,246$1,524,931$0$73,339,380
95$102,995,093$1,358,012$0$80,616,746
96$113,251,340$1,175,303$0$88,630,599
97$124,545,873$975,789$0$97,455,906
98$136,984,349$758,400$0$107,175,280
99$150,683,197$522,005$0$117,879,754
100$165,770,709$265,410$0$129,669,644