Can I retire at age 50 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$167,636$166,142$164,685$163,264$161,875$158,607
2 years$82,988$81,442$79,944$78,492$77,083$73,805
3 years$54,776$53,223$51,729$50,291$48,905$45,719
4 years$40,672$39,125$37,646$36,232$34,879$31,810
5 years$32,213$30,674$29,215$27,829$26,515$23,570
6 years$26,575$25,048$23,610$22,255$20,980$18,165
7 years$22,549$21,035$19,620$18,297$17,063$14,376
8 years$19,531$18,031$16,639$15,349$14,155$11,597
9 years$17,185$15,699$14,331$13,074$11,921$9,489
10 years$15,310$13,838$12,494$11,270$10,157$7,850
11 years$13,776$12,319$11,000$9,808$8,735$6,550
12 years$12,499$11,057$9,762$8,603$7,570$5,503
13 years$11,419$9,992$8,722$7,595$6,601$4,649
14 years$10,494$9,083$7,837$6,742$5,786$3,945
15 years$9,694$8,297$7,075$6,013$5,095$3,361
16 years$8,994$7,613$6,415$5,384$4,503$2,872
17 years$8,377$7,011$5,837$4,837$3,993$2,461
18 years$7,829$6,478$5,329$4,359$3,550$2,113
19 years$7,339$6,004$4,878$3,939$3,164$1,818
20 years$6,899$5,579$4,477$3,568$2,826$1,567
21 years$6,502$5,197$4,118$3,238$2,529$1,352
22 years$6,141$4,851$3,795$2,944$2,267$1,168
23 years$5,812$4,537$3,504$2,681$2,035$1,010
24 years$5,510$4,251$3,241$2,445$1,829$874
25 years$5,234$3,989$3,002$2,233$1,646$757
26 years$4,979$3,749$2,784$2,042$1,483$656
27 years$4,743$3,529$2,585$1,869$1,337$569
28 years$4,524$3,325$2,403$1,712$1,206$494
29 years$4,321$3,137$2,236$1,570$1,089$429
30 years$4,132$2,962$2,083$1,441$984$372
31 years$3,956$2,800$1,942$1,324$890$323
32 years$3,790$2,650$1,812$1,216$805$281
33 years$3,635$2,509$1,692$1,119$728$244
34 years$3,490$2,378$1,581$1,029$659$212
35 years$3,353$2,256$1,478$947$597$184
36 years$3,224$2,141$1,383$873$541$160
37 years$3,102$2,034$1,294$804$490$139
38 years$2,987$1,933$1,212$741$445$121
39 years$2,878$1,838$1,135$683$403$105
40 years$2,775$1,748$1,064$630$366$92
41 years$2,677$1,664$998$581$332$80
42 years$2,584$1,585$936$537$301$69
43 years$2,496$1,510$878$495$273$60
44 years$2,412$1,440$824$457$248$53
45 years$2,332$1,373$774$422$225$46
46 years$2,255$1,310$727$390$204$40
47 years$2,182$1,250$683$360$186$35
48 years$2,113$1,193$642$333$169$30
49 years$2,046$1,139$603$308$153$26
50 years$1,982$1,088$567$285$139$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,030,000, adding $5,716 every year, while hoping to spend $39,137 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: 41/46/13 Blend
49$2,030,000$2,030,000$2,030,000$2,030,000
50$2,242,956$2,135,366$2,103,901$2,326,076
51$2,430,096$2,198,358$2,132,740$2,448,167
52$2,635,013$2,263,124$2,161,234$2,575,923
53$2,859,478$2,329,711$2,189,329$2,713,340
54$3,105,443$2,398,165$2,216,970$2,861,313
55$3,375,056$2,468,533$2,244,097$3,020,829
56$3,670,686$2,540,865$2,270,648$3,192,973
57$3,994,938$2,615,209$2,296,556$3,378,936
58$4,350,683$2,691,616$2,321,753$3,580,033
59$4,741,085$2,770,138$2,346,164$3,797,705
60$5,169,627$2,850,826$2,369,711$4,033,543
61$5,640,146$2,933,733$2,392,313$4,289,295
62$6,156,869$3,018,914$2,413,884$4,566,886
63$6,724,453$3,106,424$2,434,333$4,868,433
64$7,348,027$3,196,319$2,453,563$5,196,268
65$8,033,243$3,288,656$2,471,474$5,552,960
66$8,786,326$3,383,493$2,487,961$5,941,335
67$9,614,135$3,480,887$2,502,911$6,364,504
68$10,524,226$3,580,900$2,516,208$6,825,896
69$11,524,923$3,683,591$2,527,728$7,329,284
70$12,625,400$3,789,021$2,537,341$7,878,825
71$13,835,760$3,897,253$2,544,911$8,479,096
72$15,167,139$4,008,349$2,550,297$9,135,138
73$16,631,801$4,122,373$2,553,346$9,852,506
74$18,243,265$4,239,389$2,553,903$10,637,316
75$20,016,421$4,359,461$2,551,802$11,496,304
76$21,967,677$4,482,657$2,546,869$12,436,895
77$24,115,114$4,609,040$2,538,922$13,467,263
78$26,478,651$4,738,679$2,527,772$14,596,415
79$29,080,238$4,871,639$2,513,217$15,834,276
80$31,944,062$5,007,989$2,495,049$17,191,777
81$35,096,771$5,147,795$2,473,048$18,680,962
82$38,567,730$5,291,126$2,446,984$20,315,100
83$42,389,297$5,438,049$2,416,616$22,108,812
84$46,597,125$5,588,633$2,381,692$24,078,207
85$51,230,501$5,742,945$2,341,948$26,241,032
86$56,332,716$5,901,053$2,297,107$28,616,842
87$61,951,473$6,063,025$2,246,881$31,227,185
88$68,139,337$6,228,927$2,190,965$34,095,803
89$74,954,231$6,398,826$2,129,044$37,248,856
90$82,459,982$6,572,788$2,060,786$40,715,170
91$90,726,922$6,750,877$1,985,845$44,526,508
92$99,832,555$6,933,157$1,903,857$48,717,868
93$109,862,285$7,119,690$1,814,445$53,327,819
94$120,910,221$7,310,538$1,717,213$58,398,858
95$133,080,070$7,505,760$1,611,745$63,977,813
96$146,486,108$7,705,414$1,497,610$70,116,288
97$161,254,267$7,909,555$1,374,355$76,871,148
98$177,523,314$8,118,235$1,241,509$84,305,052
99$195,446,170$8,331,507$1,098,577$92,487,052
100$215,191,345$8,549,416$945,044$101,493,239