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

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$159,378$157,958$156,573$155,221$153,901$152,675
2 years$78,900$77,430$76,006$74,625$73,286$72,051
3 years$52,077$50,602$49,181$47,813$46,496$45,289
4 years$38,669$37,198$35,791$34,447$33,161$31,992
5 years$30,626$29,163$27,775$26,458$25,209$24,080
6 years$25,265$23,814$22,447$21,159$19,947$18,861
7 years$21,438$19,999$18,653$17,396$16,222$15,179
8 years$18,569$17,143$15,819$14,593$13,458$12,458
9 years$16,339$14,926$13,625$12,430$11,333$10,377
10 years$14,555$13,156$11,879$10,715$9,657$8,742
11 years$13,097$11,712$10,458$9,325$8,305$7,432
12 years$11,883$10,512$9,281$8,179$7,197$6,365
13 years$10,857$9,500$8,292$7,221$6,276$5,484
14 years$9,977$8,635$7,451$6,410$5,501$4,748
15 years$9,216$7,889$6,727$5,717$4,844$4,128
16 years$8,551$7,238$6,099$5,119$4,281$3,602
17 years$7,964$6,666$5,550$4,599$3,796$3,153
18 years$7,443$6,159$5,066$4,145$3,375$2,766
19 years$6,978$5,708$4,638$3,745$3,008$2,433
20 years$6,559$5,305$4,256$3,392$2,687$2,144
21 years$6,181$4,941$3,915$3,078$2,405$1,892
22 years$5,838$4,612$3,608$2,799$2,155$1,672
23 years$5,525$4,314$3,332$2,549$1,935$1,480
24 years$5,239$4,042$3,081$2,325$1,739$1,311
25 years$4,976$3,793$2,854$2,123$1,565$1,163
26 years$4,733$3,565$2,647$1,941$1,410$1,032
27 years$4,509$3,355$2,458$1,777$1,271$917
28 years$4,302$3,161$2,285$1,628$1,147$815
29 years$4,108$2,982$2,126$1,493$1,035$725
30 years$3,929$2,816$1,980$1,370$936$645
31 years$3,761$2,662$1,846$1,258$846$574
32 years$3,604$2,519$1,723$1,157$765$511
33 years$3,456$2,386$1,608$1,064$692$456
34 years$3,318$2,261$1,503$979$627$406
35 years$3,188$2,145$1,405$901$568$362
36 years$3,065$2,036$1,314$830$515$323
37 years$2,950$1,933$1,230$764$466$288
38 years$2,840$1,837$1,152$705$423$257
39 years$2,737$1,747$1,079$650$383$229
40 years$2,639$1,662$1,012$599$348$205
41 years$2,546$1,582$949$553$315$183
42 years$2,457$1,507$890$510$286$163
43 years$2,373$1,436$835$471$260$146
44 years$2,293$1,369$784$435$236$130
45 years$2,217$1,305$736$402$214$116
46 years$2,144$1,245$691$371$194$104
47 years$2,075$1,188$649$343$176$93
48 years$2,008$1,134$610$317$160$83
49 years$1,945$1,083$574$293$146$74
50 years$1,884$1,035$539$271$132$66

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 $5,606 every year, while hoping to spend $59,753 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: 77/7/16 Blend
49$1,930,000$1,930,000$1,930,000$1,930,000
50$2,132,643$2,030,353$2,000,438$2,289,009
51$2,286,595$2,066,263$2,003,876$2,428,906
52$2,454,249$2,101,931$2,005,426$2,574,217
53$2,636,937$2,137,280$2,004,963$2,731,935
54$2,836,129$2,172,231$2,002,353$2,903,278
55$3,053,440$2,206,696$1,997,458$3,089,589
56$3,290,650$2,240,583$1,990,132$3,292,345
57$3,549,716$2,273,792$1,980,221$3,513,178
58$3,832,795$2,306,216$1,967,567$3,753,881
59$4,142,260$2,337,740$1,952,000$4,016,432
60$4,480,724$2,368,243$1,933,345$4,303,011
61$4,851,063$2,397,593$1,911,418$4,616,020
62$5,256,447$2,425,649$1,886,025$4,958,103
63$5,700,362$2,452,264$1,856,965$5,332,178
64$6,186,651$2,477,277$1,824,026$5,741,458
65$6,719,545$2,500,519$1,786,986$6,189,483
66$7,303,702$2,521,808$1,745,613$6,680,155
67$7,944,255$2,540,951$1,699,666$7,217,776
68$8,646,854$2,557,743$1,648,890$7,807,084
69$9,417,725$2,571,965$1,593,020$8,453,301
70$10,263,725$2,583,384$1,531,779$9,162,183
71$11,192,408$2,591,752$1,464,876$9,940,074
72$12,212,092$2,596,806$1,392,007$10,793,963
73$13,331,942$2,598,267$1,312,857$11,731,555
74$14,562,055$2,595,837$1,227,092$12,761,341
75$15,913,553$2,589,201$1,134,368$13,892,678
76$17,398,688$2,578,024$1,034,322$15,135,878
77$19,030,958$2,561,951$926,575$16,502,307
78$20,825,234$2,540,605$810,734$18,004,491
79$22,797,899$2,513,586$686,385$19,656,234
80$24,967,004$2,480,471$553,098$21,472,751
81$27,352,435$2,440,810$410,423$23,470,809
82$29,976,101$2,394,128$257,891$25,668,888
83$32,862,144$2,339,921$95,011$28,087,354
84$36,037,160$2,277,655$0$30,748,652
85$39,530,455$2,206,764$0$33,690,975
86$43,374,318$2,126,652$0$36,946,315
87$47,604,324$2,036,684$0$40,528,576
88$52,259,675$1,936,191$0$44,470,971
89$57,383,563$1,824,465$0$48,810,098
90$63,023,579$1,700,757$0$53,586,285
91$69,232,164$1,564,274$0$58,843,972
92$76,067,100$1,414,179$0$64,632,127
93$83,592,057$1,249,587$0$71,004,711
94$91,877,193$1,069,562$0$78,021,186
95$100,999,812$873,117$0$85,747,076
96$111,045,101$659,207$0$94,254,585
97$122,106,922$426,729$0$103,623,282
98$134,288,709$174,520$0$113,940,845
99$147,704,435$0$0$125,303,895
100$162,479,691$0$0$137,826,503