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%17.4%
1 years$161,029$159,595$158,195$156,829$155,496$150,820
2 years$79,717$78,233$76,794$75,399$74,046$69,375
3 years$52,617$51,126$49,691$48,309$46,978$42,457
4 years$39,070$37,583$36,162$34,804$33,505$29,170
5 years$30,943$29,466$28,063$26,733$25,470$21,332
6 years$25,527$24,061$22,679$21,378$20,153$16,217
7 years$21,660$20,206$18,847$17,576$16,390$12,654
8 years$18,761$17,320$15,983$14,744$13,597$10,060
9 years$16,508$15,081$13,767$12,559$11,451$8,108
10 years$14,706$13,293$12,002$10,826$9,757$6,604
11 years$13,233$11,834$10,566$9,422$8,391$5,423
12 years$12,006$10,621$9,377$8,264$7,271$4,482
13 years$10,969$9,599$8,378$7,296$6,341$3,723
14 years$10,081$8,725$7,528$6,477$5,558$3,106
15 years$9,312$7,970$6,797$5,776$4,894$2,600
16 years$8,639$7,313$6,162$5,172$4,325$2,183
17 years$8,047$6,735$5,607$4,647$3,835$1,837
18 years$7,520$6,223$5,119$4,188$3,410$1,548
19 years$7,050$5,768$4,686$3,784$3,039$1,307
20 years$6,627$5,359$4,300$3,427$2,715$1,106
21 years$6,245$4,992$3,956$3,110$2,430$936
22 years$5,899$4,660$3,646$2,828$2,178$793
23 years$5,583$4,358$3,366$2,575$1,955$672
24 years$5,293$4,084$3,113$2,349$1,757$571
25 years$5,027$3,832$2,883$2,145$1,581$484
26 years$4,782$3,602$2,674$1,961$1,424$412
27 years$4,556$3,390$2,483$1,795$1,284$350
28 years$4,346$3,194$2,308$1,645$1,159$297
29 years$4,151$3,013$2,148$1,508$1,046$253
30 years$3,969$2,846$2,001$1,384$945$215
31 years$3,800$2,690$1,865$1,271$855$183
32 years$3,641$2,545$1,741$1,169$773$156
33 years$3,492$2,410$1,625$1,075$700$132
34 years$3,352$2,285$1,518$989$633$113
35 years$3,221$2,167$1,420$910$574$96
36 years$3,097$2,057$1,328$838$520$82
37 years$2,980$1,953$1,243$772$471$70
38 years$2,870$1,856$1,164$712$427$59
39 years$2,765$1,765$1,091$656$387$50
40 years$2,666$1,679$1,022$605$351$43
41 years$2,572$1,599$958$559$319$37
42 years$2,483$1,523$899$515$289$31
43 years$2,398$1,451$844$476$262$27
44 years$2,317$1,383$792$439$238$23
45 years$2,240$1,319$744$406$216$19
46 years$2,166$1,258$698$375$196$16
47 years$2,096$1,200$656$346$178$14
48 years$2,029$1,146$617$320$162$12
49 years$1,965$1,094$580$296$147$10
50 years$1,904$1,045$545$273$134$9

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 $5,633 every year, while hoping to spend $39,044 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: 56/31/13 Blend
49$1,950,000$1,950,000$1,950,000$1,950,000
50$2,154,710$2,051,360$2,021,135$2,267,901
51$2,332,948$2,110,335$2,047,301$2,404,219
52$2,528,058$2,170,890$2,073,034$2,547,875
53$2,741,719$2,233,063$2,098,280$2,703,442
54$2,975,781$2,296,889$2,122,979$2,872,068
55$3,232,281$2,362,408$2,147,070$3,055,012
56$3,513,463$2,429,655$2,170,486$3,253,663
57$3,821,798$2,498,669$2,193,158$3,469,548
58$4,160,006$2,569,488$2,215,014$3,704,350
59$4,531,085$2,642,152$2,235,976$3,959,921
60$4,938,338$2,716,700$2,255,963$4,238,301
61$5,385,400$2,793,170$2,274,889$4,541,735
62$5,876,278$2,871,603$2,292,666$4,872,696
63$6,415,386$2,952,038$2,309,197$5,233,909
64$7,007,583$3,034,516$2,324,383$5,628,373
65$7,658,227$3,119,077$2,338,120$6,059,392
66$8,373,216$3,205,762$2,350,297$6,530,606
67$9,159,050$3,294,610$2,360,798$7,046,023
68$10,022,890$3,385,663$2,369,501$7,610,060
69$10,972,624$3,478,960$2,376,279$8,227,580
70$12,016,944$3,574,542$2,380,997$8,903,942
71$13,165,426$3,672,448$2,383,514$9,645,050
72$14,428,620$3,772,719$2,383,682$10,457,409
73$15,818,150$3,875,392$2,381,346$11,348,183
74$17,346,823$3,980,508$2,376,343$12,325,266
75$19,028,750$4,088,104$2,368,502$13,397,357
76$20,879,479$4,198,218$2,357,643$14,574,039
77$22,916,141$4,310,885$2,343,579$15,865,871
78$25,157,612$4,426,143$2,326,113$17,284,486
79$27,624,689$4,544,025$2,305,039$18,842,703
80$30,340,290$4,664,565$2,280,140$20,554,646
81$33,329,665$4,787,794$2,251,190$22,435,880
82$36,620,638$4,913,744$2,217,953$24,503,551
83$40,243,869$5,042,442$2,180,179$26,776,558
84$44,233,138$5,173,917$2,137,610$29,275,722
85$48,625,671$5,308,192$2,089,973$32,023,986
86$53,462,487$5,445,290$2,036,984$35,046,633
87$58,788,783$5,585,232$1,978,346$38,371,523
88$64,654,364$5,728,034$1,913,746$42,029,355
89$71,114,113$5,873,710$1,842,860$46,053,960
90$78,228,503$6,022,273$1,765,346$50,482,615
91$86,064,174$6,173,729$1,680,850$55,356,401
92$94,694,560$6,328,081$1,588,998$60,720,584
93$104,200,578$6,485,330$1,489,402$66,625,050
94$114,671,396$6,645,470$1,381,656$73,124,770
95$126,205,271$6,808,491$1,265,335$80,280,321
96$138,910,480$6,974,378$1,139,994$88,158,456
97$152,906,337$7,143,110$1,005,172$96,832,740
98$168,324,320$7,314,660$860,383$106,384,238
99$185,309,317$7,488,995$705,122$116,902,281
100$204,020,985$7,666,073$538,860$128,485,316