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%11.1%
1 years$167,636$166,142$164,685$163,264$161,875$161,125
2 years$82,988$81,442$79,944$78,492$77,083$76,326
3 years$54,776$53,223$51,729$50,291$48,905$48,164
4 years$40,672$39,125$37,646$36,232$34,879$34,161
5 years$32,213$30,674$29,215$27,829$26,515$25,821
6 years$26,575$25,048$23,610$22,255$20,980$20,311
7 years$22,549$21,035$19,620$18,297$17,063$16,419
8 years$19,531$18,031$16,639$15,349$14,155$13,537
9 years$17,185$15,699$14,331$13,074$11,921$11,328
10 years$15,310$13,838$12,494$11,270$10,157$9,589
11 years$13,776$12,319$11,000$9,808$8,735$8,192
12 years$12,499$11,057$9,762$8,603$7,570$7,051
13 years$11,419$9,992$8,722$7,595$6,601$6,106
14 years$10,494$9,083$7,837$6,742$5,786$5,315
15 years$9,694$8,297$7,075$6,013$5,095$4,646
16 years$8,994$7,613$6,415$5,384$4,503$4,076
17 years$8,377$7,011$5,837$4,837$3,993$3,587
18 years$7,829$6,478$5,329$4,359$3,550$3,165
19 years$7,339$6,004$4,878$3,939$3,164$2,799
20 years$6,899$5,579$4,477$3,568$2,826$2,481
21 years$6,502$5,197$4,118$3,238$2,529$2,203
22 years$6,141$4,851$3,795$2,944$2,267$1,958
23 years$5,812$4,537$3,504$2,681$2,035$1,744
24 years$5,510$4,251$3,241$2,445$1,829$1,554
25 years$5,234$3,989$3,002$2,233$1,646$1,387
26 years$4,979$3,749$2,784$2,042$1,483$1,239
27 years$4,743$3,529$2,585$1,869$1,337$1,107
28 years$4,524$3,325$2,403$1,712$1,206$991
29 years$4,321$3,137$2,236$1,570$1,089$887
30 years$4,132$2,962$2,083$1,441$984$794
31 years$3,956$2,800$1,942$1,324$890$712
32 years$3,790$2,650$1,812$1,216$805$638
33 years$3,635$2,509$1,692$1,119$728$572
34 years$3,490$2,378$1,581$1,029$659$513
35 years$3,353$2,256$1,478$947$597$461
36 years$3,224$2,141$1,383$873$541$414
37 years$3,102$2,034$1,294$804$490$372
38 years$2,987$1,933$1,212$741$445$334
39 years$2,878$1,838$1,135$683$403$300
40 years$2,775$1,748$1,064$630$366$269
41 years$2,677$1,664$998$581$332$242
42 years$2,584$1,585$936$537$301$218
43 years$2,496$1,510$878$495$273$196
44 years$2,412$1,440$824$457$248$176
45 years$2,332$1,373$774$422$225$158
46 years$2,255$1,310$727$390$204$142
47 years$2,182$1,250$683$360$186$128
48 years$2,113$1,193$642$333$169$115
49 years$2,046$1,139$603$308$153$104
50 years$1,982$1,088$567$285$139$93

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 $2,533 every year, while hoping to spend $39,717 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: 86/9/5 Blend
49$2,030,000$2,030,000$2,030,000$2,030,000
50$2,239,673$2,132,083$2,100,618$2,432,177
51$2,425,861$2,194,296$2,128,730$2,620,167
52$2,629,709$2,258,227$2,156,453$2,820,951
53$2,852,976$2,323,917$2,183,731$3,040,286
54$3,097,601$2,391,410$2,210,507$3,280,010
55$3,365,716$2,460,749$2,236,719$3,542,146
56$3,659,672$2,531,979$2,262,302$3,828,922
57$3,982,057$2,605,144$2,287,187$4,142,792
58$4,335,722$2,680,292$2,311,303$4,486,459
59$4,723,807$2,757,467$2,334,573$4,862,898
60$5,149,771$2,836,718$2,356,917$5,275,389
61$5,617,423$2,918,093$2,378,249$5,727,542
62$6,130,960$3,001,640$2,398,481$6,223,336
63$6,695,006$3,087,408$2,417,518$6,767,150
64$7,314,653$3,175,448$2,435,261$7,363,812
65$7,995,512$3,265,809$2,451,607$8,018,638
66$8,743,764$3,358,543$2,466,445$8,737,486
67$9,566,218$3,453,702$2,479,661$9,526,808
68$10,470,376$3,551,337$2,491,133$10,393,712
69$11,464,502$3,651,501$2,500,734$11,346,029
70$12,557,704$3,754,246$2,508,331$12,392,389
71$13,760,012$3,859,626$2,513,782$13,542,296
72$15,082,480$3,967,695$2,516,941$14,806,224
73$16,537,287$4,078,506$2,517,652$16,195,711
74$18,137,850$4,192,113$2,515,754$17,723,472
75$19,898,955$4,308,570$2,511,075$19,403,514
76$21,836,890$4,427,932$2,503,438$21,251,271
77$23,969,604$4,550,252$2,492,655$23,283,748
78$26,316,873$4,675,584$2,478,528$25,519,685
79$28,900,488$4,803,982$2,460,853$27,979,726
80$31,744,460$4,935,499$2,439,414$30,686,622
81$34,875,245$5,070,189$2,413,985$33,665,438
82$38,321,995$5,208,103$2,384,328$36,943,796
83$42,116,832$5,349,293$2,350,196$40,552,132
84$46,295,151$5,493,811$2,311,330$44,523,981
85$50,895,954$5,641,705$2,267,457$48,896,297
86$55,962,218$5,793,026$2,218,294$53,709,801
87$61,541,300$5,947,819$2,163,542$59,009,363
88$67,685,383$6,106,132$2,102,891$64,844,426
89$74,451,968$6,268,009$2,036,014$71,269,474
90$81,904,419$6,433,492$1,962,571$78,344,545
91$90,112,558$6,602,622$1,882,205$86,135,796
92$99,153,325$6,775,436$1,794,545$94,716,129
93$109,111,503$6,951,971$1,699,201$104,165,879
94$120,080,518$7,132,259$1,595,766$114,573,569
95$132,163,321$7,316,330$1,483,814$126,036,750
96$145,473,360$7,504,210$1,362,902$138,662,918
97$160,135,648$7,695,922$1,232,564$152,570,530
98$176,287,945$7,891,483$1,092,317$167,890,121
99$194,082,059$8,090,909$941,652$184,765,537
100$213,685,273$8,294,208$780,042$203,355,291