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%19.1%
1 years$160,203$158,776$157,384$156,025$154,698$149,032
2 years$79,309$77,832$76,400$75,012$73,666$68,020
3 years$52,347$50,864$49,436$48,061$46,737$41,289
4 years$38,869$37,390$35,977$34,625$33,333$28,125
5 years$30,784$29,314$27,919$26,596$25,339$20,385
6 years$25,396$23,937$22,563$21,269$20,050$15,352
7 years$21,549$20,103$18,750$17,486$16,306$11,864
8 years$18,665$17,232$15,901$14,669$13,527$9,337
9 years$16,423$15,003$13,696$12,494$11,392$7,448
10 years$14,631$13,225$11,940$10,770$9,707$6,002
11 years$13,165$11,773$10,512$9,373$8,348$4,875
12 years$11,945$10,567$9,329$8,222$7,234$3,983
13 years$10,913$9,549$8,335$7,259$6,308$3,271
14 years$10,029$8,680$7,489$6,443$5,530$2,697
15 years$9,264$7,929$6,762$5,746$4,869$2,230
16 years$8,595$7,275$6,130$5,145$4,303$1,850
17 years$8,005$6,700$5,578$4,623$3,816$1,537
18 years$7,482$6,191$5,092$4,166$3,393$1,279
19 years$7,014$5,738$4,662$3,765$3,024$1,067
20 years$6,593$5,332$4,278$3,409$2,701$890
21 years$6,213$4,967$3,935$3,094$2,417$744
22 years$5,868$4,636$3,627$2,813$2,167$622
23 years$5,554$4,336$3,349$2,562$1,945$520
24 years$5,266$4,063$3,097$2,337$1,748$436
25 years$5,002$3,813$2,869$2,134$1,573$365
26 years$4,758$3,583$2,660$1,951$1,417$306
27 years$4,533$3,372$2,470$1,786$1,277$256
28 years$4,324$3,178$2,297$1,637$1,153$215
29 years$4,130$2,998$2,137$1,501$1,041$180
30 years$3,949$2,831$1,991$1,377$940$151
31 years$3,780$2,676$1,856$1,265$850$127
32 years$3,622$2,532$1,732$1,163$769$106
33 years$3,474$2,398$1,617$1,069$696$89
34 years$3,335$2,273$1,511$984$630$75
35 years$3,204$2,156$1,412$905$571$63
36 years$3,081$2,046$1,321$834$517$53
37 years$2,965$1,943$1,237$768$469$44
38 years$2,855$1,847$1,158$708$425$37
39 years$2,751$1,756$1,085$653$385$31
40 years$2,652$1,671$1,017$602$350$26
41 years$2,559$1,591$954$556$317$22
42 years$2,470$1,515$894$513$288$18
43 years$2,385$1,443$839$473$261$16
44 years$2,305$1,376$788$437$237$13
45 years$2,228$1,312$740$404$215$11
46 years$2,155$1,251$695$373$195$9
47 years$2,086$1,194$653$345$177$8
48 years$2,019$1,140$613$318$161$6
49 years$1,955$1,089$577$294$146$5
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 $3,186 every year, while hoping to spend $47,960 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: 40/39/21 Blend
49$1,940,000$1,940,000$1,940,000$1,940,000
50$2,141,166$2,038,346$2,008,276$2,213,380
51$2,308,536$2,087,196$2,024,525$2,314,304
52$2,491,370$2,136,832$2,039,710$2,418,608
53$2,691,196$2,187,243$2,053,745$2,530,471
54$2,909,693$2,238,413$2,066,541$2,650,611
55$3,148,713$2,290,326$2,078,001$2,779,814
56$3,410,293$2,342,963$2,088,026$2,918,950
57$3,696,677$2,396,303$2,096,509$3,068,977
58$4,010,336$2,450,320$2,103,340$3,230,949
59$4,353,991$2,504,986$2,108,403$3,406,029
60$4,730,639$2,560,271$2,111,575$3,595,500
61$5,143,580$2,616,141$2,112,729$3,800,774
62$5,596,449$2,672,556$2,111,729$4,023,408
63$6,093,250$2,729,474$2,108,435$4,265,120
64$6,638,393$2,786,849$2,102,699$4,527,803
65$7,236,734$2,844,630$2,094,364$4,813,543
66$7,893,625$2,902,761$2,083,269$5,124,640
67$8,614,959$2,961,180$2,069,243$5,463,631
68$9,407,228$3,019,822$2,052,107$5,833,313
69$10,277,587$3,078,614$2,031,673$6,236,766
70$11,233,912$3,137,478$2,007,746$6,677,391
71$12,284,885$3,196,328$1,980,119$7,158,935
72$13,440,068$3,255,073$1,948,578$7,685,527
73$14,709,997$3,313,614$1,912,898$8,261,724
74$16,106,279$3,371,843$1,872,842$8,892,546
75$17,641,701$3,429,645$1,828,163$9,583,530
76$19,330,352$3,486,895$1,778,605$10,340,780
77$21,187,755$3,543,460$1,723,895$11,171,025
78$23,231,014$3,599,197$1,663,753$12,081,683
79$25,478,971$3,653,952$1,597,883$13,080,936
80$27,952,389$3,707,558$1,525,975$14,177,800
81$30,674,144$3,759,841$1,447,707$15,382,216
82$33,669,443$3,810,609$1,362,741$16,705,146
83$36,966,058$3,859,661$1,270,725$18,158,672
84$40,594,592$3,906,779$1,171,289$19,756,116
85$44,588,762$3,951,734$1,064,050$21,512,162
86$48,985,724$3,994,277$948,604$23,443,001
87$53,826,417$4,034,146$824,531$25,566,480
88$59,155,951$4,071,058$691,392$27,902,272
89$65,024,034$4,104,716$548,730$30,472,069
90$71,485,438$4,134,799$396,064$33,299,779
91$78,600,516$4,160,968$232,896$36,411,759
92$86,435,775$4,182,862$58,705$39,837,065
93$95,064,498$4,200,096$0$43,607,724
94$104,567,437$4,212,261$0$47,787,541
95$115,033,576$4,218,922$0$52,402,825
96$126,560,970$4,219,618$0$57,483,440
97$139,257,667$4,213,858$0$63,076,814
98$153,242,734$4,201,121$0$69,235,216
99$168,647,372$4,180,855$0$76,016,253
100$185,616,160$4,152,473$0$83,483,414