Can I retire at age 50 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$161,029$159,595$158,195$156,829$155,496$152,794
2 years$79,717$78,233$76,794$75,399$74,046$71,332
3 years$52,617$51,126$49,691$48,309$46,978$44,337
4 years$39,070$37,583$36,162$34,804$33,505$30,958
5 years$30,943$29,466$28,063$26,733$25,470$23,024
6 years$25,527$24,061$22,679$21,378$20,153$17,811
7 years$21,660$20,206$18,847$17,576$16,390$14,152
8 years$18,761$17,320$15,983$14,744$13,597$11,462
9 years$16,508$15,081$13,767$12,559$11,451$9,418
10 years$14,706$13,293$12,002$10,826$9,757$7,825
11 years$13,233$11,834$10,566$9,422$8,391$6,558
12 years$12,006$10,621$9,377$8,264$7,271$5,534
13 years$10,969$9,599$8,378$7,296$6,341$4,697
14 years$10,081$8,725$7,528$6,477$5,558$4,005
15 years$9,312$7,970$6,797$5,776$4,894$3,429
16 years$8,639$7,313$6,162$5,172$4,325$2,944
17 years$8,047$6,735$5,607$4,647$3,835$2,536
18 years$7,520$6,223$5,119$4,188$3,410$2,188
19 years$7,050$5,768$4,686$3,784$3,039$1,893
20 years$6,627$5,359$4,300$3,427$2,715$1,639
21 years$6,245$4,992$3,956$3,110$2,430$1,422
22 years$5,899$4,660$3,646$2,828$2,178$1,235
23 years$5,583$4,358$3,366$2,575$1,955$1,074
24 years$5,293$4,084$3,113$2,349$1,757$935
25 years$5,027$3,832$2,883$2,145$1,581$814
26 years$4,782$3,602$2,674$1,961$1,424$710
27 years$4,556$3,390$2,483$1,795$1,284$619
28 years$4,346$3,194$2,308$1,645$1,159$540
29 years$4,151$3,013$2,148$1,508$1,046$471
30 years$3,969$2,846$2,001$1,384$945$412
31 years$3,800$2,690$1,865$1,271$855$360
32 years$3,641$2,545$1,741$1,169$773$314
33 years$3,492$2,410$1,625$1,075$700$275
34 years$3,352$2,285$1,518$989$633$240
35 years$3,221$2,167$1,420$910$574$210
36 years$3,097$2,057$1,328$838$520$184
37 years$2,980$1,953$1,243$772$471$161
38 years$2,870$1,856$1,164$712$427$141
39 years$2,765$1,765$1,091$656$387$123
40 years$2,666$1,679$1,022$605$351$108
41 years$2,572$1,599$958$559$319$94
42 years$2,483$1,523$899$515$289$82
43 years$2,398$1,451$844$476$262$72
44 years$2,317$1,383$792$439$238$63
45 years$2,240$1,319$744$406$216$55
46 years$2,166$1,258$698$375$196$48
47 years$2,096$1,200$656$346$178$42
48 years$2,029$1,146$617$320$162$37
49 years$1,965$1,094$580$296$147$32
50 years$1,904$1,045$545$273$134$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,950,000, adding $6,450 every year, while hoping to spend $45,983 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: 57/16/27 Blend
49$1,950,000$1,950,000$1,950,000$1,950,000
50$2,155,553$2,052,203$2,021,978$2,262,155
51$2,326,494$2,103,836$2,040,789$2,387,614
52$2,513,330$2,156,457$2,058,689$2,518,916
53$2,717,633$2,210,067$2,075,598$2,661,082
54$2,941,135$2,264,664$2,091,435$2,815,179
55$3,185,743$2,320,245$2,106,110$2,982,378
56$3,453,557$2,376,804$2,119,532$3,163,971
57$3,746,888$2,434,336$2,131,605$3,361,384
58$4,068,282$2,492,830$2,142,225$3,576,185
59$4,420,544$2,552,275$2,151,287$3,810,104
60$4,806,761$2,612,659$2,158,676$4,065,048
61$5,230,335$2,673,963$2,164,276$4,343,116
62$5,695,011$2,736,170$2,167,962$4,646,625
63$6,204,918$2,799,257$2,169,604$4,978,127
64$6,764,598$2,863,200$2,169,065$5,340,434
65$7,379,060$2,927,969$2,166,201$5,736,647
66$8,053,817$2,993,533$2,160,862$6,170,182
67$8,794,946$3,059,856$2,152,890$6,644,806
68$9,609,138$3,126,897$2,142,120$7,164,669
69$10,503,767$3,194,611$2,128,378$7,734,348
70$11,486,955$3,262,951$2,111,482$8,358,885
71$12,567,650$3,331,861$2,091,242$9,043,839
72$13,755,710$3,401,282$2,067,458$9,795,337
73$15,061,996$3,471,148$2,039,922$10,620,132
74$16,498,474$3,541,389$2,008,414$11,525,667
75$18,078,328$3,611,927$1,972,705$12,520,147
76$19,816,083$3,682,676$1,932,556$13,612,615
77$21,727,742$3,753,546$1,887,716$14,813,038
78$23,830,939$3,824,437$1,837,921$16,132,402
79$26,145,101$3,895,241$1,782,898$17,582,817
80$28,691,635$3,965,842$1,722,359$19,177,629
81$31,494,128$4,036,113$1,656,003$20,931,549
82$34,578,566$4,105,921$1,583,517$22,860,791
83$37,973,587$4,175,118$1,504,572$24,983,227
84$41,710,742$4,243,547$1,418,824$27,318,553
85$45,824,798$4,311,042$1,325,915$29,888,480
86$50,354,064$4,377,419$1,225,470$32,716,937
87$55,340,752$4,442,486$1,117,096$35,830,298
88$60,831,375$4,506,034$1,000,386$39,257,629
89$66,877,186$4,567,841$874,910$43,030,970
90$73,534,662$4,627,668$740,222$47,185,630
91$80,866,035$4,685,261$595,857$51,760,528
92$88,939,879$4,740,348$441,326$56,798,557
93$97,831,759$4,792,637$276,123$62,346,991
94$107,624,940$4,841,818$99,715$68,457,935
95$118,411,179$4,887,561$0$75,188,812
96$130,291,581$4,929,514$0$82,628,421
97$143,377,561$4,967,299$0$90,853,321
98$157,791,893$5,000,518$0$99,911,806
99$173,669,866$5,028,743$0$109,888,783
100$191,160,564$5,051,523$0$120,877,819