Can I retire at age 50 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$162,681$161,232$159,818$158,438$157,091$155,385
2 years$80,535$79,035$77,582$76,172$74,805$73,088
3 years$53,157$51,650$50,200$48,804$47,459$45,784
4 years$39,470$37,968$36,533$35,161$33,848$32,228
5 years$31,260$29,768$28,351$27,007$25,731$24,169
6 years$25,789$24,308$22,912$21,598$20,360$18,860
7 years$21,883$20,413$19,040$17,757$16,558$15,119
8 years$18,954$17,498$16,147$14,896$13,737$12,360
9 years$16,677$15,235$13,908$12,688$11,568$10,252
10 years$14,857$13,429$12,125$10,937$9,857$8,601
11 years$13,369$11,955$10,675$9,518$8,477$7,281
12 years$12,129$10,730$9,474$8,349$7,346$6,208
13 years$11,082$9,697$8,464$7,371$6,406$5,324
14 years$10,184$8,814$7,605$6,543$5,615$4,589
15 years$9,407$8,052$6,866$5,835$4,944$3,971
16 years$8,728$7,388$6,225$5,225$4,370$3,448
17 years$8,129$6,804$5,665$4,694$3,875$3,003
18 years$7,598$6,287$5,171$4,231$3,445$2,622
19 years$7,122$5,827$4,734$3,823$3,071$2,294
20 years$6,695$5,414$4,345$3,462$2,743$2,011
21 years$6,310$5,043$3,996$3,142$2,454$1,766
22 years$5,959$4,708$3,683$2,857$2,200$1,553
23 years$5,640$4,403$3,401$2,602$1,975$1,367
24 years$5,347$4,125$3,145$2,373$1,775$1,204
25 years$5,079$3,871$2,913$2,167$1,597$1,062
26 years$4,831$3,639$2,702$1,982$1,439$938
27 years$4,603$3,424$2,509$1,814$1,297$828
28 years$4,391$3,227$2,332$1,662$1,170$732
29 years$4,194$3,044$2,170$1,524$1,057$648
30 years$4,010$2,875$2,022$1,399$955$573
31 years$3,839$2,718$1,885$1,285$863$507
32 years$3,678$2,571$1,758$1,180$781$449
33 years$3,528$2,435$1,642$1,086$707$398
34 years$3,387$2,308$1,534$999$640$353
35 years$3,254$2,189$1,434$919$580$312
36 years$3,129$2,078$1,342$847$525$277
37 years$3,011$1,973$1,256$780$476$246
38 years$2,899$1,875$1,176$719$432$218
39 years$2,793$1,783$1,102$663$391$193
40 years$2,693$1,697$1,033$612$355$171
41 years$2,598$1,615$968$564$322$152
42 years$2,508$1,538$908$521$292$135
43 years$2,422$1,466$852$481$265$120
44 years$2,341$1,397$800$444$241$106
45 years$2,263$1,332$751$410$219$94
46 years$2,189$1,271$706$379$198$84
47 years$2,118$1,213$663$350$180$74
48 years$2,050$1,158$623$323$164$66
49 years$1,985$1,106$586$299$149$59
50 years$1,923$1,056$550$276$135$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,970,000, adding $6,182 every year, while hoping to spend $23,929 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: 65/5/30 Blend
49$1,970,000$1,970,000$1,970,000$1,970,000
50$2,177,317$2,072,907$2,042,372$2,301,071
51$2,373,943$2,149,019$2,085,331$2,461,734
52$2,589,823$2,228,059$2,128,927$2,634,095
53$2,826,895$2,310,144$2,173,157$2,821,994
54$3,087,295$2,395,398$2,218,015$3,026,966
55$3,373,377$2,483,950$2,263,495$3,250,701
56$3,687,730$2,575,932$2,309,591$3,495,060
57$4,033,211$2,671,485$2,356,295$3,762,094
58$4,412,965$2,770,755$2,403,597$4,054,061
59$4,830,457$2,873,891$2,451,488$4,373,447
60$5,289,506$2,981,054$2,499,955$4,722,993
61$5,794,318$3,092,408$2,548,985$5,105,715
62$6,349,527$3,208,124$2,598,565$5,524,939
63$6,960,239$3,328,383$2,648,677$5,984,326
64$7,632,080$3,453,370$2,699,304$6,487,910
65$8,371,248$3,583,282$2,750,427$7,040,135
66$9,184,574$3,718,321$2,802,025$7,645,899
67$10,079,581$3,858,700$2,854,074$8,310,594
68$11,064,563$4,004,640$2,906,550$9,040,164
69$12,148,653$4,156,373$2,959,424$9,841,158
70$13,341,920$4,314,138$3,012,668$10,720,788
71$14,655,453$4,478,189$3,066,251$11,687,004
72$16,101,476$4,648,787$3,120,137$12,748,563
73$17,693,455$4,826,206$3,174,290$13,915,114
74$19,446,229$5,010,732$3,228,670$15,197,290
75$21,376,150$5,202,662$3,283,235$16,606,806
76$23,501,233$5,402,310$3,337,941$18,156,569
77$25,841,335$5,609,998$3,392,737$19,860,804
78$28,418,330$5,826,067$3,447,573$21,735,182
79$31,256,326$6,050,870$3,502,392$23,796,972
80$34,381,886$6,284,778$3,557,138$26,065,204
81$37,824,282$6,528,176$3,611,745$28,560,844
82$41,615,768$6,781,466$3,666,149$31,306,999
83$45,791,889$7,045,070$3,720,277$34,329,128
84$50,391,810$7,319,428$3,774,055$37,655,287
85$55,458,692$7,604,997$3,827,403$41,316,388
86$61,040,093$7,902,256$3,880,235$45,346,499
87$67,188,423$8,211,707$3,932,463$49,783,159
88$73,961,433$8,533,871$3,983,992$54,667,733
89$81,422,763$8,869,295$4,034,720$60,045,804
90$89,642,543$9,218,548$4,084,541$65,967,603
91$98,698,052$9,582,227$4,133,342$72,488,482
92$108,674,450$9,960,953$4,181,006$79,669,437
93$119,665,580$10,355,376$4,227,406$87,577,683
94$131,774,855$10,766,175$4,272,410$96,287,289
95$145,116,233$11,194,061$4,315,879$105,879,878
96$159,815,293$11,639,773$4,357,664$116,445,394
97$176,010,418$12,104,087$4,397,611$128,082,957
98$193,854,106$12,587,813$4,435,557$140,901,790
99$213,514,404$13,091,796$4,471,328$155,022,258
100$235,176,500$13,616,920$4,504,743$170,577,000