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

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$163,507$162,050$160,629$159,242$157,888$154,196
2 years$80,944$79,436$77,975$76,559$75,185$71,486
3 years$53,427$51,913$50,455$49,052$47,700$44,111
4 years$39,671$38,161$36,718$35,339$34,020$30,567
5 years$31,419$29,919$28,495$27,144$25,862$22,555
6 years$25,920$24,431$23,028$21,707$20,463$17,306
7 years$21,994$20,517$19,137$17,847$16,642$13,635
8 years$19,050$17,587$16,229$14,971$13,806$10,948
9 years$16,762$15,313$13,978$12,752$11,627$8,916
10 years$14,932$13,497$12,187$10,992$9,907$7,339
11 years$13,437$12,016$10,729$9,567$8,520$6,092
12 years$12,191$10,785$9,522$8,391$7,383$5,092
13 years$11,138$9,746$8,507$7,408$6,438$4,279
14 years$10,236$8,859$7,644$6,576$5,644$3,612
15 years$9,455$8,093$6,901$5,865$4,969$3,060
16 years$8,772$7,425$6,257$5,251$4,392$2,600
17 years$8,170$6,838$5,693$4,718$3,894$2,215
18 years$7,636$6,319$5,197$4,252$3,463$1,891
19 years$7,159$5,856$4,758$3,842$3,086$1,617
20 years$6,729$5,442$4,367$3,480$2,757$1,385
21 years$6,342$5,069$4,016$3,158$2,467$1,188
22 years$5,989$4,732$3,702$2,871$2,211$1,020
23 years$5,668$4,425$3,418$2,615$1,985$877
24 years$5,375$4,146$3,161$2,385$1,784$754
25 years$5,105$3,891$2,928$2,178$1,605$649
26 years$4,856$3,657$2,715$1,992$1,446$559
27 years$4,626$3,442$2,521$1,823$1,304$481
28 years$4,413$3,243$2,344$1,670$1,176$415
29 years$4,215$3,059$2,181$1,532$1,062$358
30 years$4,030$2,889$2,032$1,406$960$309
31 years$3,858$2,731$1,894$1,291$868$266
32 years$3,697$2,584$1,767$1,186$785$230
33 years$3,546$2,448$1,650$1,091$710$198
34 years$3,404$2,320$1,542$1,004$643$171
35 years$3,270$2,200$1,441$924$583$148
36 years$3,145$2,088$1,348$851$528$128
37 years$3,026$1,983$1,262$784$478$110
38 years$2,914$1,885$1,182$723$434$95
39 years$2,808$1,792$1,107$666$393$82
40 years$2,707$1,705$1,038$615$357$71
41 years$2,612$1,623$973$567$324$61
42 years$2,521$1,546$913$523$294$53
43 years$2,435$1,473$857$483$267$46
44 years$2,353$1,404$804$446$242$40
45 years$2,274$1,339$755$412$220$34
46 years$2,200$1,277$709$381$199$30
47 years$2,129$1,219$666$352$181$26
48 years$2,060$1,164$626$325$164$22
49 years$1,995$1,111$588$300$149$19
50 years$1,933$1,061$553$278$136$17

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 $6,304 every year, while hoping to spend $44,582 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: 85/5/10 Blend
49$1,980,000$1,980,000$1,980,000$1,980,000
50$2,188,463$2,083,523$2,052,833$2,370,772
51$2,364,251$2,138,180$2,074,168$2,545,494
52$2,556,475$2,194,022$2,094,723$2,730,742
53$2,766,765$2,251,059$2,114,426$2,932,892
54$2,996,915$2,309,300$2,133,199$3,153,615
55$3,248,901$2,368,756$2,150,961$3,394,756
56$3,524,897$2,429,433$2,167,627$3,658,343
57$3,827,300$2,491,339$2,183,106$3,946,612
58$4,158,748$2,554,479$2,197,303$4,262,025
59$4,522,148$2,618,855$2,210,120$4,607,294
60$4,920,699$2,684,471$2,221,452$4,985,407
61$5,357,927$2,751,328$2,231,187$5,399,654
62$5,837,715$2,819,422$2,239,211$5,853,661
63$6,364,340$2,888,751$2,245,403$6,351,421
64$6,942,513$2,959,310$2,249,634$6,897,334
65$7,577,423$3,031,090$2,251,770$7,496,246
66$8,274,787$3,104,080$2,251,671$8,153,499
67$9,040,903$3,178,268$2,249,190$8,874,975
68$9,882,708$3,253,637$2,244,172$9,667,155
69$10,807,847$3,330,167$2,236,453$10,537,183
70$11,824,738$3,407,836$2,225,865$11,492,926
71$12,942,658$3,486,617$2,212,229$12,543,054
72$14,171,828$3,566,480$2,195,357$13,697,119
73$15,523,507$3,647,390$2,175,055$14,965,648
74$17,010,102$3,729,309$2,151,115$16,360,237
75$18,645,279$3,812,193$2,123,325$17,893,665
76$20,444,100$3,895,992$2,091,459$19,580,013
77$22,423,156$3,980,653$2,055,280$21,434,796
78$24,600,728$4,066,116$2,014,543$23,475,110
79$26,996,962$4,152,315$1,968,989$25,719,794
80$29,634,050$4,239,176$1,918,348$28,189,606
81$32,536,448$4,326,621$1,862,338$30,907,420
82$35,731,102$4,414,562$1,800,663$33,898,441
83$39,247,703$4,502,904$1,733,013$37,190,445
84$43,118,966$4,591,543$1,659,067$40,814,037
85$47,380,940$4,680,368$1,578,485$44,802,943
86$52,073,346$4,769,256$1,490,914$49,194,328
87$57,239,953$4,858,076$1,395,986$54,029,146
88$62,928,991$4,946,684$1,293,314$59,352,526
89$69,193,603$5,034,927$1,182,495$65,214,199
90$76,092,350$5,122,638$1,063,108$71,668,967
91$83,689,761$5,209,639$934,713$78,777,218
92$92,056,942$5,295,736$796,851$86,605,502
93$101,272,245$5,380,723$649,041$95,227,151
94$111,422,013$5,464,377$490,783$104,722,979
95$122,601,388$5,546,460$321,553$115,182,039
96$134,915,210$5,626,717$140,806$126,702,466
97$148,479,008$5,704,874$0$139,392,404
98$163,420,092$5,780,637$0$153,376,583
99$179,878,747$5,853,694$0$168,797,168
100$198,009,563$5,923,709$0$185,783,904