Can I retire at age 50 with 1,960,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$161,855$160,413$159,007$157,634$156,293$153,514
2 years$80,126$78,634$77,188$75,785$74,425$71,635
3 years$52,887$51,388$49,946$48,556$47,218$44,504
4 years$39,270$37,776$36,348$34,982$33,677$31,059
5 years$31,102$29,617$28,207$26,870$25,600$23,087
6 years$25,658$24,184$22,796$21,488$20,257$17,850
7 years$21,771$20,310$18,943$17,666$16,474$14,175
8 years$18,858$17,409$16,065$14,820$13,667$11,474
9 years$16,593$15,158$13,837$12,623$11,510$9,423
10 years$14,782$13,361$12,064$10,881$9,807$7,824
11 years$13,301$11,894$10,621$9,470$8,434$6,553
12 years$12,068$10,676$9,425$8,307$7,309$5,526
13 years$11,025$9,648$8,421$7,333$6,373$4,687
14 years$10,132$8,770$7,566$6,510$5,587$3,994
15 years$9,359$8,011$6,831$5,806$4,919$3,417
16 years$8,684$7,350$6,194$5,198$4,348$2,932
17 years$8,088$6,769$5,636$4,671$3,855$2,523
18 years$7,559$6,255$5,145$4,209$3,428$2,176
19 years$7,086$5,797$4,710$3,803$3,055$1,881
20 years$6,661$5,387$4,323$3,445$2,729$1,628
21 years$6,278$5,018$3,976$3,126$2,442$1,411
22 years$5,929$4,684$3,664$2,842$2,189$1,225
23 years$5,611$4,381$3,383$2,589$1,965$1,064
24 years$5,320$4,104$3,129$2,361$1,766$925
25 years$5,053$3,852$2,898$2,156$1,589$805
26 years$4,807$3,620$2,688$1,972$1,431$701
27 years$4,579$3,407$2,496$1,805$1,291$611
28 years$4,368$3,210$2,320$1,653$1,165$533
29 years$4,172$3,029$2,159$1,516$1,052$465
30 years$3,990$2,860$2,011$1,392$950$406
31 years$3,819$2,704$1,875$1,278$859$354
32 years$3,660$2,558$1,749$1,174$777$309
33 years$3,510$2,423$1,633$1,080$703$270
34 years$3,370$2,296$1,526$994$637$236
35 years$3,237$2,178$1,427$915$577$206
36 years$3,113$2,067$1,335$843$522$180
37 years$2,995$1,963$1,249$776$474$157
38 years$2,884$1,866$1,170$715$429$138
39 years$2,779$1,774$1,096$660$389$120
40 years$2,680$1,688$1,027$608$353$105
41 years$2,585$1,607$963$561$320$92
42 years$2,495$1,530$904$518$291$80
43 years$2,410$1,458$848$478$264$70
44 years$2,329$1,390$796$442$239$61
45 years$2,251$1,325$747$408$217$54
46 years$2,178$1,264$702$377$197$47
47 years$2,107$1,207$660$348$179$41
48 years$2,040$1,152$620$322$163$36
49 years$1,975$1,100$583$297$148$31
50 years$1,914$1,051$548$275$134$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,960,000, adding $6,943 every year, while hoping to spend $22,184 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: 61/17/22 Blend
49$1,960,000$1,960,000$1,960,000$1,960,000
50$2,167,082$2,063,202$2,032,822$2,286,331
51$2,364,520$2,140,695$2,077,318$2,445,387
52$2,581,354$2,221,242$2,122,561$2,615,856
53$2,819,538$2,304,969$2,168,552$2,801,416
54$3,081,226$2,392,007$2,215,294$3,003,538
55$3,368,790$2,482,494$2,262,785$3,223,843
56$3,684,844$2,576,574$2,311,025$3,464,112
57$4,032,267$2,674,395$2,360,014$3,726,307
58$4,414,231$2,776,113$2,409,747$4,012,588
59$4,834,233$2,881,892$2,460,223$4,325,334
60$5,296,121$2,991,902$2,511,438$4,667,161
61$5,804,139$3,106,319$2,563,384$5,040,953
62$6,362,961$3,225,328$2,616,058$5,449,882
63$6,977,737$3,349,123$2,669,450$5,897,445
64$7,654,142$3,477,906$2,723,552$6,387,488
65$8,398,427$3,611,885$2,778,353$6,924,251
66$9,217,481$3,751,283$2,833,843$7,512,401
67$10,118,895$3,896,326$2,890,007$8,157,077
68$11,111,032$4,047,256$2,946,832$8,863,942
69$12,203,107$4,204,322$3,004,301$9,639,231
70$13,405,275$4,367,784$3,062,396$10,489,813
71$14,728,723$4,537,916$3,121,096$11,423,252
72$16,185,780$4,715,001$3,180,381$12,447,882
73$17,790,032$4,899,338$3,240,225$13,572,883
74$19,556,445$5,091,236$3,300,603$14,808,365
75$21,501,516$5,291,020$3,361,487$16,165,470
76$23,643,419$5,499,028$3,422,845$17,656,467
77$26,002,182$5,715,614$3,484,644$19,294,875
78$28,599,873$5,941,148$3,546,848$21,095,587
79$31,460,810$6,176,015$3,609,418$23,075,011
80$34,611,792$6,420,618$3,672,313$25,251,222
81$38,082,346$6,675,380$3,735,486$27,644,136
82$41,905,011$6,940,740$3,798,891$30,275,693
83$46,115,644$7,217,157$3,862,475$33,170,066
84$50,753,755$7,505,113$3,926,184$36,353,890
85$55,862,884$7,805,110$3,989,957$39,856,509
86$61,491,010$8,117,673$4,053,733$43,710,255
87$67,691,004$8,443,350$4,117,444$47,950,750
88$74,521,127$8,782,714$4,181,018$52,617,245
89$82,045,579$9,136,364$4,244,380$57,752,988
90$90,335,109$9,504,928$4,307,448$63,405,630
91$99,467,680$9,889,058$4,370,137$69,627,677
92$109,529,202$10,289,441$4,432,355$76,476,980
93$120,614,347$10,706,790$4,494,005$84,017,286
94$132,827,442$11,141,854$4,554,986$92,318,836
95$146,283,451$11,595,415$4,615,188$101,459,026
96$161,109,063$12,068,290$4,674,497$111,523,138
97$177,443,885$12,561,334$4,732,790$122,605,145
98$195,441,763$13,075,441$4,789,940$134,808,595
99$215,272,230$13,611,545$4,845,810$148,247,587
100$237,122,110$14,170,623$4,900,257$163,047,850