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

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$162,681$161,232$159,818$158,438$157,091$153,856
2 years$80,535$79,035$77,582$76,172$74,805$71,561
3 years$53,157$51,650$50,200$48,804$47,459$44,307
4 years$39,470$37,968$36,533$35,161$33,848$30,812
5 years$31,260$29,768$28,351$27,007$25,731$22,819
6 years$25,789$24,308$22,912$21,598$20,360$17,576
7 years$21,883$20,413$19,040$17,757$16,558$13,902
8 years$18,954$17,498$16,147$14,896$13,737$11,208
9 years$16,677$15,235$13,908$12,688$11,568$9,166
10 years$14,857$13,429$12,125$10,937$9,857$7,578
11 years$13,369$11,955$10,675$9,518$8,477$6,319
12 years$12,129$10,730$9,474$8,349$7,346$5,305
13 years$11,082$9,697$8,464$7,371$6,406$4,479
14 years$10,184$8,814$7,605$6,543$5,615$3,798
15 years$9,407$8,052$6,866$5,835$4,944$3,234
16 years$8,728$7,388$6,225$5,225$4,370$2,761
17 years$8,129$6,804$5,665$4,694$3,875$2,364
18 years$7,598$6,287$5,171$4,231$3,445$2,029
19 years$7,122$5,827$4,734$3,823$3,071$1,744
20 years$6,695$5,414$4,345$3,462$2,743$1,502
21 years$6,310$5,043$3,996$3,142$2,454$1,295
22 years$5,959$4,708$3,683$2,857$2,200$1,118
23 years$5,640$4,403$3,401$2,602$1,975$966
24 years$5,347$4,125$3,145$2,373$1,775$835
25 years$5,079$3,871$2,913$2,167$1,597$723
26 years$4,831$3,639$2,702$1,982$1,439$626
27 years$4,603$3,424$2,509$1,814$1,297$543
28 years$4,391$3,227$2,332$1,662$1,170$470
29 years$4,194$3,044$2,170$1,524$1,057$408
30 years$4,010$2,875$2,022$1,399$955$354
31 years$3,839$2,718$1,885$1,285$863$307
32 years$3,678$2,571$1,758$1,180$781$267
33 years$3,528$2,435$1,642$1,086$707$231
34 years$3,387$2,308$1,534$999$640$201
35 years$3,254$2,189$1,434$919$580$175
36 years$3,129$2,078$1,342$847$525$152
37 years$3,011$1,973$1,256$780$476$132
38 years$2,899$1,875$1,176$719$432$115
39 years$2,793$1,783$1,102$663$391$100
40 years$2,693$1,697$1,033$612$355$86
41 years$2,598$1,615$968$564$322$75
42 years$2,508$1,538$908$521$292$65
43 years$2,422$1,466$852$481$265$57
44 years$2,341$1,397$800$444$241$49
45 years$2,263$1,332$751$410$219$43
46 years$2,189$1,271$706$379$198$37
47 years$2,118$1,213$663$350$180$32
48 years$2,050$1,158$623$323$164$28
49 years$1,985$1,106$586$299$149$25
50 years$1,923$1,056$550$276$135$21

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 $4,814 every year, while hoping to spend $52,875 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: 55/17/28 Blend
49$1,970,000$1,970,000$1,970,000$1,970,000
50$2,175,906$2,071,496$2,040,961$2,278,473
51$2,341,589$2,116,740$2,053,074$2,394,987
52$2,522,401$2,162,430$2,063,821$2,515,965
53$2,719,827$2,208,530$2,073,101$2,646,666
54$2,935,505$2,255,004$2,080,805$2,788,045
55$3,171,237$2,301,810$2,086,823$2,941,155
56$3,429,008$2,348,903$2,091,036$3,107,155
57$3,711,002$2,396,235$2,093,321$3,287,326
58$4,019,625$2,443,751$2,093,548$3,483,079
59$4,357,526$2,491,393$2,091,581$3,695,970
60$4,727,621$2,539,099$2,087,276$3,927,714
61$5,133,123$2,586,800$2,080,485$4,180,203
62$5,577,570$2,634,421$2,071,049$4,455,522
63$6,064,858$2,681,884$2,058,805$4,755,972
64$6,599,278$2,729,101$2,043,580$5,084,088
65$7,185,556$2,775,979$2,025,192$5,442,666
66$7,828,900$2,822,418$2,003,453$5,834,789
67$8,535,042$2,868,312$1,978,163$6,263,856
68$9,310,300$2,913,543$1,949,116$6,733,616
69$10,161,633$2,957,988$1,916,092$7,248,199
70$11,096,704$3,001,514$1,878,866$7,812,164
71$12,123,957$3,043,978$1,837,198$8,430,533
72$13,252,696$3,085,228$1,790,839$9,108,845
73$14,493,166$3,125,100$1,739,528$9,853,207
74$15,856,659$3,163,419$1,682,991$10,670,352
75$17,355,611$3,200,000$1,620,945$11,567,702
76$19,003,726$3,234,642$1,553,089$12,553,442
77$20,816,101$3,267,135$1,479,112$13,636,593
78$22,809,369$3,297,250$1,398,688$14,827,103
79$25,001,856$3,324,746$1,311,475$16,135,937
80$27,413,753$3,349,367$1,217,118$17,575,185
81$30,067,308$3,370,838$1,115,243$19,158,175
82$32,987,032$3,388,867$1,005,462$20,899,598
83$36,199,933$3,403,146$887,369$22,815,652
84$39,735,769$3,413,342$760,539$24,924,191
85$43,627,328$3,419,107$624,528$27,244,898
86$47,910,740$3,420,068$478,874$29,799,471
87$52,625,812$3,415,828$323,093$32,611,828
88$57,816,410$3,405,968$156,681$35,708,334
89$63,530,865$3,390,042$0$39,118,053
90$69,822,436$3,367,577$0$42,879,267
91$76,749,808$3,338,071$0$47,071,405
92$84,377,643$3,300,992$0$51,686,703
93$92,777,198$3,255,776$0$56,768,247
94$102,026,988$3,201,825$0$62,363,518
95$112,213,532$3,138,505$0$68,524,841
96$123,432,167$3,065,146$0$75,309,878
97$135,787,947$2,981,038$0$82,782,175
98$149,396,636$2,885,428$0$91,011,760
99$164,385,799$2,777,519$0$100,075,808
100$180,896,004$2,656,471$0$110,059,363