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%11.2%
1 years$161,855$160,413$159,007$157,634$156,293$155,504
2 years$80,126$78,634$77,188$75,785$74,425$73,629
3 years$52,887$51,388$49,946$48,556$47,218$46,439
4 years$39,270$37,776$36,348$34,982$33,677$32,921
5 years$31,102$29,617$28,207$26,870$25,600$24,870
6 years$25,658$24,184$22,796$21,488$20,257$19,553
7 years$21,771$20,310$18,943$17,666$16,474$15,797
8 years$18,858$17,409$16,065$14,820$13,667$13,017
9 years$16,593$15,158$13,837$12,623$11,510$10,886
10 years$14,782$13,361$12,064$10,881$9,807$9,210
11 years$13,301$11,894$10,621$9,470$8,434$7,864
12 years$12,068$10,676$9,425$8,307$7,309$6,764
13 years$11,025$9,648$8,421$7,333$6,373$5,854
14 years$10,132$8,770$7,566$6,510$5,587$5,092
15 years$9,359$8,011$6,831$5,806$4,919$4,448
16 years$8,684$7,350$6,194$5,198$4,348$3,900
17 years$8,088$6,769$5,636$4,671$3,855$3,430
18 years$7,559$6,255$5,145$4,209$3,428$3,024
19 years$7,086$5,797$4,710$3,803$3,055$2,673
20 years$6,661$5,387$4,323$3,445$2,729$2,367
21 years$6,278$5,018$3,976$3,126$2,442$2,100
22 years$5,929$4,684$3,664$2,842$2,189$1,866
23 years$5,611$4,381$3,383$2,589$1,965$1,660
24 years$5,320$4,104$3,129$2,361$1,766$1,479
25 years$5,053$3,852$2,898$2,156$1,589$1,318
26 years$4,807$3,620$2,688$1,972$1,431$1,177
27 years$4,579$3,407$2,496$1,805$1,291$1,051
28 years$4,368$3,210$2,320$1,653$1,165$939
29 years$4,172$3,029$2,159$1,516$1,052$840
30 years$3,990$2,860$2,011$1,392$950$752
31 years$3,819$2,704$1,875$1,278$859$673
32 years$3,660$2,558$1,749$1,174$777$603
33 years$3,510$2,423$1,633$1,080$703$540
34 years$3,370$2,296$1,526$994$637$485
35 years$3,237$2,178$1,427$915$577$435
36 years$3,113$2,067$1,335$843$522$390
37 years$2,995$1,963$1,249$776$474$350
38 years$2,884$1,866$1,170$715$429$314
39 years$2,779$1,774$1,096$660$389$282
40 years$2,680$1,688$1,027$608$353$253
41 years$2,585$1,607$963$561$320$227
42 years$2,495$1,530$904$518$291$204
43 years$2,410$1,458$848$478$264$183
44 years$2,329$1,390$796$442$239$165
45 years$2,251$1,325$747$408$217$148
46 years$2,178$1,264$702$377$197$133
47 years$2,107$1,207$660$348$179$119
48 years$2,040$1,152$620$322$163$107
49 years$1,975$1,100$583$297$148$96
50 years$1,914$1,051$548$275$134$87

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 $3,814 every year, while hoping to spend $50,902 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: 58/35/7 Blend
49$1,960,000$1,960,000$1,960,000$1,960,000
50$2,163,854$2,059,974$2,029,594$2,285,890
51$2,330,408$2,106,754$2,043,426$2,415,090
52$2,512,244$2,154,119$2,056,016$2,549,747
53$2,710,868$2,202,046$2,067,267$2,695,248
54$2,927,936$2,250,506$2,077,080$2,852,635
55$3,165,273$2,299,468$2,085,350$3,023,053
56$3,424,887$2,348,898$2,091,965$3,207,766
57$3,708,989$2,398,758$2,096,810$3,408,166
58$4,020,015$2,449,006$2,099,761$3,625,785
59$4,360,646$2,499,596$2,100,693$3,862,311
60$4,733,834$2,550,479$2,099,469$4,119,603
61$5,142,833$2,601,600$2,095,948$4,399,711
62$5,591,223$2,652,899$2,089,984$4,704,890
63$6,082,949$2,704,313$2,081,419$5,037,627
64$6,622,356$2,755,770$2,070,093$5,400,662
65$7,214,229$2,807,196$2,055,834$5,797,014
66$7,863,840$2,858,508$2,038,464$6,230,009
67$8,576,994$2,909,618$2,017,796$6,703,312
68$9,360,088$2,960,430$1,993,632$7,220,963
69$10,220,168$3,010,841$1,965,769$7,787,411
70$11,164,994$3,060,741$1,933,991$8,407,562
71$12,203,116$3,110,011$1,898,073$9,086,821
72$13,343,955$3,158,522$1,857,780$9,831,146
73$14,597,888$3,206,139$1,812,865$10,647,099
74$15,976,346$3,252,713$1,763,069$11,541,918
75$17,491,925$3,298,089$1,708,124$12,523,574
76$19,158,503$3,342,096$1,647,747$13,600,855
77$20,991,366$3,384,555$1,581,643$14,783,446
78$23,007,361$3,425,274$1,509,504$16,082,021
79$25,225,046$3,464,046$1,431,006$17,508,343
80$27,664,869$3,500,653$1,345,813$19,075,377
81$30,349,361$3,534,859$1,253,573$20,797,412
82$33,303,344$3,566,417$1,153,917$22,690,197
83$36,554,173$3,595,058$1,046,460$24,771,089
84$40,131,983$3,620,500$930,801$27,059,218
85$44,069,982$3,642,442$806,520$29,575,668
86$48,404,760$3,660,561$673,178$32,343,676
87$53,176,634$3,674,517$530,318$35,388,853
88$58,430,028$3,683,947$377,461$38,739,426
89$64,213,895$3,688,464$214,110$42,426,505
90$70,582,172$3,687,658$39,742$46,484,379
91$77,594,294$3,681,094$0$50,950,836
92$85,315,755$3,668,310$0$55,878,457
93$93,818,720$3,648,815$0$61,306,093
94$103,182,711$3,622,089$0$67,281,408
95$113,495,355$3,587,579$0$73,860,209
96$124,853,212$3,544,701$0$81,103,996
97$137,362,681$3,492,833$0$89,080,548
98$151,141,012$3,431,319$0$97,864,566
99$166,317,403$3,359,462$0$107,538,372
100$183,034,227$3,276,524$0$118,192,694