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%16.3%
1 years$161,855$160,413$159,007$157,634$156,293$152,268
2 years$80,126$78,634$77,188$75,785$74,425$70,397
3 years$52,887$51,388$49,946$48,556$47,218$43,312
4 years$39,270$37,776$36,348$34,982$33,677$29,923
5 years$31,102$29,617$28,207$26,870$25,600$22,010
6 years$25,658$24,184$22,796$21,488$20,257$16,833
7 years$21,771$20,310$18,943$17,666$16,474$13,218
8 years$18,858$17,409$16,065$14,820$13,667$10,576
9 years$16,593$15,158$13,837$12,623$11,510$8,581
10 years$14,782$13,361$12,064$10,881$9,807$7,037
11 years$13,301$11,894$10,621$9,470$8,434$5,820
12 years$12,068$10,676$9,425$8,307$7,309$4,845
13 years$11,025$9,648$8,421$7,333$6,373$4,055
14 years$10,132$8,770$7,566$6,510$5,587$3,409
15 years$9,359$8,011$6,831$5,806$4,919$2,875
16 years$8,684$7,350$6,194$5,198$4,348$2,433
17 years$8,088$6,769$5,636$4,671$3,855$2,064
18 years$7,559$6,255$5,145$4,209$3,428$1,754
19 years$7,086$5,797$4,710$3,803$3,055$1,493
20 years$6,661$5,387$4,323$3,445$2,729$1,273
21 years$6,278$5,018$3,976$3,126$2,442$1,087
22 years$5,929$4,684$3,664$2,842$2,189$929
23 years$5,611$4,381$3,383$2,589$1,965$795
24 years$5,320$4,104$3,129$2,361$1,766$680
25 years$5,053$3,852$2,898$2,156$1,589$583
26 years$4,807$3,620$2,688$1,972$1,431$499
27 years$4,579$3,407$2,496$1,805$1,291$428
28 years$4,368$3,210$2,320$1,653$1,165$367
29 years$4,172$3,029$2,159$1,516$1,052$315
30 years$3,990$2,860$2,011$1,392$950$270
31 years$3,819$2,704$1,875$1,278$859$232
32 years$3,660$2,558$1,749$1,174$777$199
33 years$3,510$2,423$1,633$1,080$703$171
34 years$3,370$2,296$1,526$994$637$147
35 years$3,237$2,178$1,427$915$577$126
36 years$3,113$2,067$1,335$843$522$109
37 years$2,995$1,963$1,249$776$474$93
38 years$2,884$1,866$1,170$715$429$80
39 years$2,779$1,774$1,096$660$389$69
40 years$2,680$1,688$1,027$608$353$59
41 years$2,585$1,607$963$561$320$51
42 years$2,495$1,530$904$518$291$44
43 years$2,410$1,458$848$478$264$38
44 years$2,329$1,390$796$442$239$32
45 years$2,251$1,325$747$408$217$28
46 years$2,178$1,264$702$377$197$24
47 years$2,107$1,207$660$348$179$21
48 years$2,040$1,152$620$322$163$18
49 years$1,975$1,100$583$297$148$15
50 years$1,914$1,051$548$275$134$13

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 $2,137 every year, while hoping to spend $34,274 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: 47/37/16 Blend
49$1,960,000$1,960,000$1,960,000$1,960,000
50$2,162,124$2,058,244$2,027,864$2,253,887
51$2,346,194$2,122,631$2,059,330$2,382,180
52$2,547,889$2,189,024$2,090,702$2,517,685
53$2,768,973$2,257,485$2,121,940$2,664,015
54$3,011,385$2,328,079$2,153,002$2,822,193
55$3,277,263$2,400,871$2,183,843$2,993,345
56$3,568,959$2,475,929$2,214,418$3,178,707
57$3,889,068$2,553,324$2,244,675$3,379,642
58$4,240,443$2,633,128$2,274,562$3,597,649
59$4,626,232$2,715,414$2,304,024$3,834,376
60$5,049,899$2,800,261$2,333,000$4,091,638
61$5,515,261$2,887,746$2,361,428$4,371,433
62$6,026,524$2,977,952$2,389,242$4,675,959
63$6,588,320$3,070,962$2,416,372$5,007,637
64$7,205,752$3,166,863$2,442,744$5,369,132
65$7,884,443$3,265,744$2,468,281$5,763,378
66$8,630,588$3,367,697$2,492,899$6,193,605
67$9,451,010$3,472,816$2,516,514$6,663,369
68$10,353,229$3,581,199$2,539,032$7,176,590
69$11,345,527$3,692,947$2,560,359$7,737,579
70$12,437,033$3,808,164$2,580,393$8,351,089
71$13,637,801$3,926,954$2,599,027$9,022,350
72$14,958,911$4,049,430$2,616,149$9,757,126
73$16,412,572$4,175,704$2,631,642$10,561,765
74$18,012,233$4,305,892$2,645,381$11,443,258
75$19,772,716$4,440,116$2,657,236$12,409,306
76$21,710,349$4,578,498$2,667,070$13,468,394
77$23,843,127$4,721,167$2,674,739$14,629,865
78$26,190,876$4,868,254$2,680,092$15,904,016
79$28,775,441$5,019,894$2,682,971$17,302,187
80$31,620,894$5,176,226$2,683,208$18,836,873
81$34,753,760$5,337,396$2,680,630$20,521,840
82$38,203,265$5,503,550$2,675,053$22,372,251
83$42,001,615$5,674,841$2,666,285$24,404,817
84$46,184,298$5,851,427$2,654,123$26,637,944
85$50,790,418$6,033,468$2,638,358$29,091,915
86$55,863,065$6,221,132$2,618,767$31,789,076
87$61,449,720$6,414,591$2,595,119$34,754,048
88$67,602,706$6,614,020$2,567,170$38,013,959
89$74,379,678$6,819,603$2,534,666$41,598,700
90$81,844,168$7,031,527$2,497,340$45,541,206
91$90,066,186$7,249,984$2,454,913$49,877,767
92$99,122,877$7,475,173$2,407,094$54,648,369
93$109,099,255$7,707,301$2,353,575$59,897,072
94$120,088,996$7,946,576$2,294,038$65,672,426
95$132,195,333$8,193,217$2,228,147$72,027,926
96$145,532,019$8,447,447$2,155,552$79,022,521
97$160,224,409$8,709,497$2,075,887$86,721,165
98$176,410,639$8,979,602$1,988,770$95,195,433
99$194,242,930$9,258,008$1,893,799$104,524,195
100$213,889,024$9,544,966$1,790,557$114,794,362