Can I retire at age 50 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$160,203$158,776$157,384$156,025$154,698$149,150
2 years$79,309$77,832$76,400$75,012$73,666$68,136
3 years$52,347$50,864$49,436$48,061$46,737$41,399
4 years$38,869$37,390$35,977$34,625$33,333$28,229
5 years$30,784$29,314$27,919$26,596$25,339$20,481
6 years$25,396$23,937$22,563$21,269$20,050$15,442
7 years$21,549$20,103$18,750$17,486$16,306$11,947
8 years$18,665$17,232$15,901$14,669$13,527$9,414
9 years$16,423$15,003$13,696$12,494$11,392$7,518
10 years$14,631$13,225$11,940$10,770$9,707$6,066
11 years$13,165$11,773$10,512$9,373$8,348$4,933
12 years$11,945$10,567$9,329$8,222$7,234$4,037
13 years$10,913$9,549$8,335$7,259$6,308$3,319
14 years$10,029$8,680$7,489$6,443$5,530$2,741
15 years$9,264$7,929$6,762$5,746$4,869$2,270
16 years$8,595$7,275$6,130$5,145$4,303$1,885
17 years$8,005$6,700$5,578$4,623$3,816$1,569
18 years$7,482$6,191$5,092$4,166$3,393$1,308
19 years$7,014$5,738$4,662$3,765$3,024$1,092
20 years$6,593$5,332$4,278$3,409$2,701$913
21 years$6,213$4,967$3,935$3,094$2,417$764
22 years$5,868$4,636$3,627$2,813$2,167$639
23 years$5,554$4,336$3,349$2,562$1,945$536
24 years$5,266$4,063$3,097$2,337$1,748$449
25 years$5,002$3,813$2,869$2,134$1,573$377
26 years$4,758$3,583$2,660$1,951$1,417$316
27 years$4,533$3,372$2,470$1,786$1,277$266
28 years$4,324$3,178$2,297$1,637$1,153$223
29 years$4,130$2,998$2,137$1,501$1,041$187
30 years$3,949$2,831$1,991$1,377$940$157
31 years$3,780$2,676$1,856$1,265$850$132
32 years$3,622$2,532$1,732$1,163$769$111
33 years$3,474$2,398$1,617$1,069$696$93
34 years$3,335$2,273$1,511$984$630$79
35 years$3,204$2,156$1,412$905$571$66
36 years$3,081$2,046$1,321$834$517$56
37 years$2,965$1,943$1,237$768$469$47
38 years$2,855$1,847$1,158$708$425$39
39 years$2,751$1,756$1,085$653$385$33
40 years$2,652$1,671$1,017$602$350$28
41 years$2,559$1,591$954$556$317$23
42 years$2,470$1,515$894$513$288$20
43 years$2,385$1,443$839$473$261$17
44 years$2,305$1,376$788$437$237$14
45 years$2,228$1,312$740$404$215$12
46 years$2,155$1,251$695$373$195$10
47 years$2,086$1,194$653$345$177$8
48 years$2,019$1,140$613$318$161$7
49 years$1,955$1,089$577$294$146$6
50 years$1,894$1,040$542$272$133$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,940,000, adding $5,854 every year, while hoping to spend $56,312 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: 65/24/11 Blend
49$1,940,000$1,940,000$1,940,000$1,940,000
50$2,143,918$2,041,098$2,011,028$2,277,686
51$2,302,683$2,081,197$2,018,482$2,407,743
52$2,475,753$2,121,372$2,024,299$2,542,643
53$2,664,530$2,161,570$2,028,363$2,688,606
54$2,870,555$2,201,729$2,030,555$2,846,705
55$3,095,522$2,241,785$2,030,750$3,018,125
56$3,341,300$2,281,666$2,028,814$3,204,170
57$3,609,943$2,321,298$2,024,610$3,406,279
58$3,903,714$2,360,599$2,017,991$3,626,035
59$4,225,105$2,399,480$2,008,806$3,865,184
60$4,576,858$2,437,848$1,996,894$4,125,648
61$4,961,996$2,475,601$1,982,088$4,409,548
62$5,383,844$2,512,630$1,964,213$4,719,218
63$5,846,066$2,548,819$1,943,084$5,057,234
64$6,352,697$2,584,042$1,918,509$5,426,431
65$6,908,179$2,618,167$1,890,286$5,829,936
66$7,517,407$2,651,051$1,858,204$6,271,196
67$8,185,770$2,682,541$1,822,042$6,754,007
68$8,919,207$2,712,474$1,781,568$7,282,556
69$9,724,257$2,740,675$1,736,542$7,861,456
70$10,608,123$2,766,961$1,686,708$8,495,791
71$11,578,742$2,791,132$1,631,803$9,191,167
72$12,644,854$2,812,978$1,571,549$9,953,760
73$13,816,090$2,832,275$1,505,656$10,790,379
74$15,103,058$2,848,783$1,433,822$11,708,529
75$16,517,445$2,862,248$1,355,731$12,716,482
76$18,072,126$2,872,400$1,271,050$13,823,354
77$19,781,287$2,878,952$1,179,434$15,039,195
78$21,660,555$2,881,598$1,080,522$16,375,081
79$23,727,149$2,880,012$973,936$17,843,222
80$26,000,037$2,873,852$859,281$19,457,074
81$28,500,120$2,862,750$736,147$21,231,469
82$31,250,426$2,846,319$604,102$23,182,757
83$34,276,327$2,824,146$462,697$25,328,955
84$37,605,779$2,795,795$311,463$27,689,927
85$41,269,582$2,760,803$149,911$30,287,563
86$45,301,676$2,718,679$0$33,145,992
87$49,739,455$2,668,903$0$36,294,450
88$54,624,123$2,610,923$0$39,778,556
89$60,001,082$2,544,156$0$43,613,073
90$65,920,357$2,467,985$0$47,833,677
91$72,437,072$2,381,754$0$52,479,688
92$79,611,966$2,284,773$0$57,594,441
93$87,511,969$2,176,309$0$63,225,691
94$96,210,828$2,055,587$0$69,426,069
95$105,789,810$1,921,788$0$76,253,579
96$116,338,460$1,774,045$0$83,772,146
97$127,955,452$1,611,442$0$92,052,217
98$140,749,517$1,433,012$0$101,171,433
99$154,840,469$1,237,731$0$111,215,359
100$170,360,335$1,024,518$0$122,278,293