Can I retire at age 50 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$168,461$166,961$165,497$164,068$162,672$160,773
2 years$83,397$81,843$80,338$78,879$77,463$75,551
3 years$55,046$53,486$51,984$50,538$49,146$47,281
4 years$40,873$39,318$37,831$36,410$35,051$33,248
5 years$32,371$30,825$29,359$27,966$26,645$24,908
6 years$26,705$25,171$23,726$22,365$21,084$19,415
7 years$22,660$21,139$19,716$18,387$17,147$15,548
8 years$19,627$18,120$16,721$15,425$14,225$12,695
9 years$17,270$15,777$14,402$13,138$11,979$10,518
10 years$15,385$13,906$12,556$11,326$10,207$8,813
11 years$13,844$12,380$11,054$9,857$8,778$7,451
12 years$12,560$11,112$9,810$8,646$7,607$6,345
13 years$11,475$10,042$8,765$7,633$6,634$5,435
14 years$10,546$9,128$7,875$6,775$5,815$4,678
15 years$9,741$8,338$7,110$6,043$5,120$4,043
16 years$9,038$7,650$6,446$5,410$4,525$3,506
17 years$8,418$7,045$5,866$4,861$4,012$3,049
18 years$7,867$6,510$5,355$4,381$3,567$2,658
19 years$7,376$6,034$4,902$3,959$3,180$2,323
20 years$6,933$5,607$4,499$3,585$2,840$2,033
21 years$6,534$5,223$4,138$3,254$2,542$1,782
22 years$6,171$4,875$3,814$2,958$2,278$1,565
23 years$5,840$4,560$3,522$2,694$2,045$1,375
24 years$5,538$4,272$3,257$2,457$1,838$1,210
25 years$5,259$4,009$3,016$2,244$1,654$1,066
26 years$5,003$3,768$2,798$2,052$1,490$939
27 years$4,766$3,546$2,598$1,878$1,343$828
28 years$4,547$3,341$2,415$1,721$1,212$731
29 years$4,343$3,152$2,247$1,578$1,094$645
30 years$4,153$2,977$2,093$1,448$989$570
31 years$3,975$2,814$1,952$1,330$894$504
32 years$3,809$2,663$1,821$1,222$809$445
33 years$3,653$2,522$1,700$1,124$732$394
34 years$3,507$2,390$1,589$1,034$663$349
35 years$3,370$2,267$1,485$952$600$308
36 years$3,240$2,152$1,389$877$544$273
37 years$3,118$2,044$1,300$808$493$242
38 years$3,002$1,942$1,218$745$447$214
39 years$2,893$1,847$1,141$687$405$189
40 years$2,789$1,757$1,069$633$368$168
41 years$2,691$1,673$1,003$584$333$149
42 years$2,597$1,593$941$539$303$132
43 years$2,508$1,518$883$498$275$117
44 years$2,424$1,447$828$460$249$103
45 years$2,343$1,380$778$424$226$92
46 years$2,266$1,316$731$392$205$81
47 years$2,193$1,256$686$362$187$72
48 years$2,123$1,199$645$335$169$64
49 years$2,056$1,145$606$309$154$56
50 years$1,992$1,094$570$286$140$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,040,000, adding $6,819 every year, while hoping to spend $32,161 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: 83/8/9 Blend
49$2,040,000$2,040,000$2,040,000$2,040,000
50$2,255,114$2,146,994$2,115,374$2,438,955
51$2,450,916$2,217,977$2,152,020$2,631,192
52$2,665,613$2,291,361$2,188,815$2,837,246
53$2,901,097$2,367,229$2,225,732$3,062,536
54$3,159,453$2,445,668$2,262,738$3,308,974
55$3,442,978$2,526,767$2,299,801$3,578,665
56$3,754,203$2,610,619$2,336,886$3,873,928
57$4,095,914$2,697,322$2,373,954$4,197,317
58$4,471,181$2,786,975$2,410,965$4,551,644
59$4,883,387$2,879,681$2,447,877$4,940,007
60$5,336,255$2,975,549$2,484,644$5,365,820
61$5,833,892$3,074,689$2,521,218$5,832,840
62$6,380,817$3,177,218$2,557,548$6,345,209
63$6,982,013$3,283,254$2,593,578$6,907,487
64$7,642,966$3,392,921$2,629,251$7,524,700
65$8,369,724$3,506,350$2,664,506$8,202,382
66$9,168,947$3,623,672$2,699,279$8,946,632
67$10,047,975$3,745,027$2,733,499$9,764,168
68$11,014,893$3,870,558$2,767,096$10,662,391
69$12,078,610$4,000,413$2,799,992$11,649,455
70$13,248,943$4,134,748$2,832,106$12,734,344
71$14,536,706$4,273,722$2,863,353$13,926,957
72$15,953,817$4,417,502$2,893,642$15,238,199
73$17,513,406$4,566,259$2,922,879$16,680,085
74$19,229,941$4,720,173$2,950,962$18,265,855
75$21,119,362$4,879,428$2,977,787$20,010,094
76$23,199,235$5,044,219$3,003,241$21,928,876
77$25,488,915$5,214,743$3,027,208$24,039,908
78$28,009,728$5,391,209$3,049,563$26,362,704
79$30,785,174$5,573,832$3,070,176$28,918,765
80$33,841,146$5,762,834$3,088,912$31,731,779
81$37,206,178$5,958,448$3,105,625$34,827,852
82$40,911,710$6,160,913$3,120,165$38,235,748
83$44,992,387$6,370,481$3,132,373$41,987,161
84$49,486,385$6,587,409$3,142,083$46,117,015
85$54,435,771$6,811,967$3,149,117$50,663,795
86$59,886,901$7,044,434$3,153,294$55,669,905
87$65,890,854$7,285,101$3,154,419$61,182,075
88$72,503,918$7,534,268$3,152,289$67,251,794
89$79,788,119$7,792,249$3,146,692$73,935,802
90$87,811,806$8,059,368$3,137,405$81,296,621
91$96,650,296$8,335,963$3,124,194$89,403,148
92$106,386,585$8,622,384$3,106,813$98,331,303
93$117,112,132$8,918,995$3,085,006$108,164,747
94$128,927,718$9,226,175$3,058,503$118,995,668
95$141,944,404$9,544,316$3,027,021$130,925,654
96$156,284,573$9,873,827$2,990,266$144,066,654
97$172,083,087$10,215,132$2,947,928$158,542,025
98$189,488,560$10,568,672$2,899,682$174,487,708
99$208,664,761$10,934,905$2,845,189$192,053,502
100$229,792,159$11,314,307$2,784,094$211,404,481