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

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$161,855$160,413$159,007$157,634$156,293$152,950
2 years$80,126$78,634$77,188$75,785$74,425$71,073
3 years$52,887$51,388$49,946$48,556$47,218$43,962
4 years$39,270$37,776$36,348$34,982$33,677$30,542
5 years$31,102$29,617$28,207$26,870$25,600$22,595
6 years$25,658$24,184$22,796$21,488$20,257$17,385
7 years$21,771$20,310$18,943$17,666$16,474$13,736
8 years$18,858$17,409$16,065$14,820$13,667$11,061
9 years$16,593$15,158$13,837$12,623$11,510$9,034
10 years$14,782$13,361$12,064$10,881$9,807$7,460
11 years$13,301$11,894$10,621$9,470$8,434$6,213
12 years$12,068$10,676$9,425$8,307$7,309$5,209
13 years$11,025$9,648$8,421$7,333$6,373$4,392
14 years$10,132$8,770$7,566$6,510$5,587$3,720
15 years$9,359$8,011$6,831$5,806$4,919$3,162
16 years$8,684$7,350$6,194$5,198$4,348$2,697
17 years$8,088$6,769$5,636$4,671$3,855$2,305
18 years$7,559$6,255$5,145$4,209$3,428$1,975
19 years$7,086$5,797$4,710$3,803$3,055$1,696
20 years$6,661$5,387$4,323$3,445$2,729$1,458
21 years$6,278$5,018$3,976$3,126$2,442$1,255
22 years$5,929$4,684$3,664$2,842$2,189$1,082
23 years$5,611$4,381$3,383$2,589$1,965$933
24 years$5,320$4,104$3,129$2,361$1,766$806
25 years$5,053$3,852$2,898$2,156$1,589$696
26 years$4,807$3,620$2,688$1,972$1,431$602
27 years$4,579$3,407$2,496$1,805$1,291$521
28 years$4,368$3,210$2,320$1,653$1,165$451
29 years$4,172$3,029$2,159$1,516$1,052$390
30 years$3,990$2,860$2,011$1,392$950$338
31 years$3,819$2,704$1,875$1,278$859$293
32 years$3,660$2,558$1,749$1,174$777$254
33 years$3,510$2,423$1,633$1,080$703$220
34 years$3,370$2,296$1,526$994$637$191
35 years$3,237$2,178$1,427$915$577$165
36 years$3,113$2,067$1,335$843$522$143
37 years$2,995$1,963$1,249$776$474$124
38 years$2,884$1,866$1,170$715$429$108
39 years$2,779$1,774$1,096$660$389$94
40 years$2,680$1,688$1,027$608$353$81
41 years$2,585$1,607$963$561$320$70
42 years$2,495$1,530$904$518$291$61
43 years$2,410$1,458$848$478$264$53
44 years$2,329$1,390$796$442$239$46
45 years$2,251$1,325$747$408$217$40
46 years$2,178$1,264$702$377$197$35
47 years$2,107$1,207$660$348$179$30
48 years$2,040$1,152$620$322$163$26
49 years$1,975$1,100$583$297$148$23
50 years$1,914$1,051$548$275$134$20

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 $2,728 every year, while hoping to spend $47,151 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: 39/41/20 Blend
49$1,960,000$1,960,000$1,960,000$1,960,000
50$2,162,734$2,058,854$2,028,474$2,234,091
51$2,333,164$2,109,569$2,046,260$2,336,354
52$2,519,399$2,161,190$2,063,061$2,442,173
53$2,722,999$2,213,709$2,078,794$2,555,625
54$2,945,684$2,267,121$2,093,374$2,677,428
55$3,189,350$2,321,415$2,106,707$2,808,374
56$3,456,080$2,376,581$2,118,699$2,949,333
57$3,748,171$2,432,605$2,129,246$3,101,266
58$4,068,152$2,489,470$2,138,243$3,265,231
59$4,418,808$2,547,158$2,145,579$3,442,394
60$4,803,205$2,605,648$2,151,134$3,634,039
61$5,224,721$2,664,914$2,154,787$3,841,582
62$5,687,078$2,724,930$2,156,407$4,066,584
63$6,194,372$2,785,663$2,155,859$4,310,764
64$6,751,117$2,847,080$2,152,999$4,576,019
65$7,362,285$2,909,141$2,147,679$4,864,436
66$8,033,352$2,971,803$2,139,740$5,178,319
67$8,770,352$3,035,020$2,129,020$5,520,208
68$9,579,931$3,098,738$2,115,345$5,892,899
69$10,469,409$3,162,901$2,098,534$6,299,478
70$11,446,852$3,227,447$2,078,398$6,743,346
71$12,521,145$3,292,306$2,054,739$7,228,250
72$13,702,078$3,357,405$2,027,348$7,758,324
73$15,000,435$3,422,663$1,996,010$8,338,123
74$16,428,098$3,487,992$1,960,494$8,972,668
75$17,998,157$3,553,297$1,920,564$9,667,496
76$19,725,036$3,618,475$1,875,970$10,428,711
77$21,624,625$3,683,416$1,826,450$11,263,039
78$23,714,433$3,748,000$1,771,732$12,177,899
79$26,013,750$3,812,096$1,711,530$13,181,466
80$28,543,831$3,875,568$1,645,546$14,282,755
81$31,328,096$3,938,265$1,573,466$15,491,701
82$34,392,350$4,000,028$1,494,964$16,819,260
83$37,765,023$4,060,683$1,409,700$18,277,506
84$41,477,447$4,120,048$1,317,316$19,879,751
85$45,564,139$4,177,923$1,217,439$21,640,670
86$50,063,138$4,234,098$1,109,680$23,576,438
87$55,016,356$4,288,347$993,632$25,704,888
88$60,469,976$4,340,427$868,870$28,045,677
89$66,474,886$4,390,081$734,950$30,620,473
90$73,087,162$4,437,032$591,408$33,453,162
91$80,368,593$4,480,987$437,760$36,570,074
92$88,387,265$4,521,632$273,502$40,000,231
93$97,218,207$4,558,632$98,104$43,775,627
94$106,944,090$4,591,631$0$47,931,526
95$117,656,017$4,620,251$0$52,525,809
96$129,454,375$4,644,087$0$57,605,893
97$142,449,785$4,662,711$0$63,198,176
98$156,764,145$4,675,666$0$69,354,851
99$172,531,781$4,682,467$0$76,133,439
100$189,900,714$4,682,599$0$83,597,335