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%15.9%
1 years$162,681$161,232$159,818$158,438$157,091$153,293
2 years$80,535$79,035$77,582$76,172$74,805$71,002
3 years$53,157$51,650$50,200$48,804$47,459$43,769
4 years$39,470$37,968$36,533$35,161$33,848$30,300
5 years$31,260$29,768$28,351$27,007$25,731$22,334
6 years$25,789$24,308$22,912$21,598$20,360$17,118
7 years$21,883$20,413$19,040$17,757$16,558$13,472
8 years$18,954$17,498$16,147$14,896$13,737$10,804
9 years$16,677$15,235$13,908$12,688$11,568$8,788
10 years$14,857$13,429$12,125$10,937$9,857$7,225
11 years$13,369$11,955$10,675$9,518$8,477$5,990
12 years$12,129$10,730$9,474$8,349$7,346$5,000
13 years$11,082$9,697$8,464$7,371$6,406$4,196
14 years$10,184$8,814$7,605$6,543$5,615$3,537
15 years$9,407$8,052$6,866$5,835$4,944$2,992
16 years$8,728$7,388$6,225$5,225$4,370$2,539
17 years$8,129$6,804$5,665$4,694$3,875$2,160
18 years$7,598$6,287$5,171$4,231$3,445$1,841
19 years$7,122$5,827$4,734$3,823$3,071$1,572
20 years$6,695$5,414$4,345$3,462$2,743$1,345
21 years$6,310$5,043$3,996$3,142$2,454$1,151
22 years$5,959$4,708$3,683$2,857$2,200$987
23 years$5,640$4,403$3,401$2,602$1,975$847
24 years$5,347$4,125$3,145$2,373$1,775$727
25 years$5,079$3,871$2,913$2,167$1,597$625
26 years$4,831$3,639$2,702$1,982$1,439$537
27 years$4,603$3,424$2,509$1,814$1,297$462
28 years$4,391$3,227$2,332$1,662$1,170$398
29 years$4,194$3,044$2,170$1,524$1,057$342
30 years$4,010$2,875$2,022$1,399$955$295
31 years$3,839$2,718$1,885$1,285$863$254
32 years$3,678$2,571$1,758$1,180$781$219
33 years$3,528$2,435$1,642$1,086$707$189
34 years$3,387$2,308$1,534$999$640$163
35 years$3,254$2,189$1,434$919$580$140
36 years$3,129$2,078$1,342$847$525$121
37 years$3,011$1,973$1,256$780$476$104
38 years$2,899$1,875$1,176$719$432$90
39 years$2,793$1,783$1,102$663$391$77
40 years$2,693$1,697$1,033$612$355$67
41 years$2,598$1,615$968$564$322$58
42 years$2,508$1,538$908$521$292$50
43 years$2,422$1,466$852$481$265$43
44 years$2,341$1,397$800$444$241$37
45 years$2,263$1,332$751$410$219$32
46 years$2,189$1,271$706$379$198$28
47 years$2,118$1,213$663$350$180$24
48 years$2,050$1,158$623$323$164$20
49 years$1,985$1,106$586$299$149$18
50 years$1,923$1,056$550$276$135$15

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 $3,573 every year, while hoping to spend $32,852 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: 52/25/23 Blend
49$1,970,000$1,970,000$1,970,000$1,970,000
50$2,174,626$2,070,216$2,039,681$2,273,635
51$2,361,483$2,136,702$2,073,056$2,408,901
52$2,566,299$2,205,345$2,106,448$2,552,289
53$2,790,870$2,276,216$2,139,823$2,707,579
54$3,037,177$2,349,388$2,173,144$2,875,918
55$3,307,398$2,424,937$2,206,373$3,058,565
56$3,603,935$2,502,941$2,239,469$3,256,908
57$3,929,433$2,583,482$2,272,388$3,472,472
58$4,286,805$2,666,643$2,305,084$3,706,938
59$4,679,262$2,752,511$2,337,507$3,962,157
60$5,110,338$2,841,175$2,369,604$4,240,166
61$5,583,928$2,932,729$2,401,322$4,543,208
62$6,104,323$3,027,267$2,432,600$4,873,752
63$6,676,250$3,124,888$2,463,378$5,234,520
64$7,304,916$3,225,696$2,493,590$5,628,505
65$7,996,057$3,329,796$2,523,165$6,059,007
66$8,755,996$3,437,296$2,552,032$6,529,660
67$9,591,695$3,548,311$2,580,112$7,044,466
68$10,510,826$3,662,957$2,607,325$7,607,831
69$11,521,844$3,781,355$2,633,583$8,224,613
70$12,634,061$3,903,631$2,658,797$8,900,158
71$13,857,739$4,029,913$2,682,871$9,640,360
72$15,204,186$4,160,335$2,705,704$10,451,708
73$16,685,858$4,295,037$2,727,191$11,341,352
74$18,316,482$4,434,160$2,747,218$12,317,170
75$20,111,183$4,577,854$2,765,670$13,387,839
76$22,086,625$4,726,271$2,782,421$14,562,920
77$24,261,172$4,879,569$2,797,344$15,852,946
78$26,655,057$5,037,913$2,810,300$17,269,523
79$29,290,574$5,201,472$2,821,146$18,825,437
80$32,192,289$5,370,421$2,829,731$20,534,776
81$35,387,274$5,544,942$2,835,898$22,413,061
82$38,905,354$5,725,224$2,839,480$24,477,396
83$42,779,400$5,911,459$2,840,301$26,746,625
84$47,045,627$6,103,849$2,838,180$29,241,510
85$51,743,946$6,302,602$2,832,924$31,984,932
86$56,918,332$6,507,933$2,824,331$35,002,099
87$62,617,246$6,720,066$2,812,190$38,320,788
88$68,894,086$6,939,230$2,796,279$41,971,608
89$75,807,695$7,165,665$2,776,367$45,988,285
90$83,422,915$7,399,617$2,752,209$50,407,983
91$91,811,195$7,641,342$2,723,552$55,271,653
92$101,051,274$7,891,104$2,690,128$60,624,421
93$111,229,914$8,149,178$2,651,657$66,516,010
94$122,442,724$8,415,847$2,607,846$73,001,215
95$134,795,063$8,691,404$2,558,390$80,140,413
96$148,403,031$8,976,154$2,502,968$88,000,139
97$163,394,565$9,270,412$2,441,243$96,653,709
98$179,910,651$9,574,502$2,372,864$106,181,915
99$198,106,647$9,888,762$2,297,465$116,673,786
100$218,153,756$10,213,543$2,214,661$128,227,428