Can I retire at age 50 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$163,507$162,050$160,629$159,242$157,888$153,946
2 years$80,944$79,436$77,975$76,559$75,185$71,238
3 years$53,427$51,913$50,455$49,052$47,700$43,873
4 years$39,671$38,161$36,718$35,339$34,020$30,341
5 years$31,419$29,919$28,495$27,144$25,862$22,341
6 years$25,920$24,431$23,028$21,707$20,463$17,105
7 years$21,994$20,517$19,137$17,847$16,642$13,446
8 years$19,050$17,587$16,229$14,971$13,806$10,771
9 years$16,762$15,313$13,978$12,752$11,627$8,750
10 years$14,932$13,497$12,187$10,992$9,907$7,185
11 years$13,437$12,016$10,729$9,567$8,520$5,949
12 years$12,191$10,785$9,522$8,391$7,383$4,959
13 years$11,138$9,746$8,507$7,408$6,438$4,156
14 years$10,236$8,859$7,644$6,576$5,644$3,499
15 years$9,455$8,093$6,901$5,865$4,969$2,956
16 years$8,772$7,425$6,257$5,251$4,392$2,504
17 years$8,170$6,838$5,693$4,718$3,894$2,127
18 years$7,636$6,319$5,197$4,252$3,463$1,811
19 years$7,159$5,856$4,758$3,842$3,086$1,544
20 years$6,729$5,442$4,367$3,480$2,757$1,318
21 years$6,342$5,069$4,016$3,158$2,467$1,127
22 years$5,989$4,732$3,702$2,871$2,211$965
23 years$5,668$4,425$3,418$2,615$1,985$827
24 years$5,375$4,146$3,161$2,385$1,784$709
25 years$5,105$3,891$2,928$2,178$1,605$608
26 years$4,856$3,657$2,715$1,992$1,446$522
27 years$4,626$3,442$2,521$1,823$1,304$448
28 years$4,413$3,243$2,344$1,670$1,176$385
29 years$4,215$3,059$2,181$1,532$1,062$331
30 years$4,030$2,889$2,032$1,406$960$285
31 years$3,858$2,731$1,894$1,291$868$245
32 years$3,697$2,584$1,767$1,186$785$210
33 years$3,546$2,448$1,650$1,091$710$181
34 years$3,404$2,320$1,542$1,004$643$156
35 years$3,270$2,200$1,441$924$583$134
36 years$3,145$2,088$1,348$851$528$115
37 years$3,026$1,983$1,262$784$478$99
38 years$2,914$1,885$1,182$723$434$86
39 years$2,808$1,792$1,107$666$393$74
40 years$2,707$1,705$1,038$615$357$63
41 years$2,612$1,623$973$567$324$55
42 years$2,521$1,546$913$523$294$47
43 years$2,435$1,473$857$483$267$40
44 years$2,353$1,404$804$446$242$35
45 years$2,274$1,339$755$412$220$30
46 years$2,200$1,277$709$381$199$26
47 years$2,129$1,219$666$352$181$22
48 years$2,060$1,164$626$325$164$19
49 years$1,995$1,111$588$300$149$17
50 years$1,933$1,061$553$278$136$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,980,000, adding $5,885 every year, while hoping to spend $50,711 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: 34/36/30 Blend
49$1,980,000$1,980,000$1,980,000$1,980,000
50$2,188,030$2,083,090$2,052,400$2,242,438
51$2,357,253$2,131,206$2,067,200$2,332,345
52$2,542,037$2,179,979$2,080,795$2,424,320
53$2,743,916$2,229,389$2,093,093$2,522,541
54$2,964,579$2,279,412$2,103,994$2,627,602
55$3,205,883$2,330,021$2,113,395$2,740,157
56$3,469,876$2,381,185$2,121,187$2,860,928
57$3,758,812$2,432,871$2,127,256$2,990,711
58$4,075,173$2,485,043$2,131,480$3,130,384
59$4,421,690$2,537,660$2,133,734$3,280,918
60$4,801,374$2,590,677$2,133,886$3,443,382
61$5,217,538$2,644,045$2,131,796$3,618,956
62$5,673,834$2,697,710$2,127,318$3,808,944
63$6,174,281$2,751,614$2,120,299$4,014,781
64$6,723,308$2,805,693$2,110,580$4,238,053
65$7,325,793$2,859,879$2,097,991$4,480,510
66$7,987,106$2,914,096$2,082,356$4,744,082
67$8,713,168$2,968,263$2,063,492$5,030,898
68$9,510,496$3,022,293$2,041,204$5,343,308
69$10,386,272$3,076,091$2,015,290$5,683,905
70$11,348,407$3,129,555$1,985,537$6,055,548
71$12,405,616$3,182,574$1,951,724$6,461,393
72$13,567,499$3,235,031$1,913,617$6,904,920
73$14,844,635$3,286,799$1,870,975$7,389,968
74$16,248,677$3,337,740$1,823,541$7,920,775
75$17,792,462$3,387,709$1,771,049$8,502,012
76$19,490,135$3,436,549$1,713,221$9,138,834
77$21,357,280$3,484,092$1,649,766$9,836,926
78$23,411,068$3,530,157$1,580,378$10,602,558
79$25,670,415$3,574,553$1,504,739$11,442,649
80$28,156,165$3,617,074$1,422,516$12,364,827
81$30,891,284$3,657,501$1,333,360$13,377,506
82$33,901,076$3,695,599$1,236,908$14,489,966
83$37,213,421$3,731,119$1,132,780$15,712,442
84$40,859,040$3,763,794$1,020,578$17,056,219
85$44,871,782$3,793,340$899,888$18,533,746
86$49,288,945$3,819,455$770,276$20,158,749
87$54,151,627$3,841,818$631,289$21,946,365
88$59,505,111$3,860,085$482,456$23,913,285
89$65,399,296$3,873,893$323,282$26,077,915
90$71,889,165$3,882,855$153,252$28,460,550
91$79,035,304$3,886,558$0$31,083,569
92$86,904,472$3,884,567$0$33,980,674
93$95,570,234$3,876,416$0$37,222,982
94$105,113,651$3,861,613$0$40,791,571
95$115,624,046$3,839,636$0$44,719,709
96$127,199,850$3,809,929$0$49,044,064
97$139,949,523$3,771,904$0$53,805,052
98$153,992,584$3,724,937$0$59,047,217
99$169,460,737$3,668,368$0$64,819,653
100$186,499,109$3,601,495$0$71,176,471