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%14%
1 years$168,461$166,961$165,497$164,068$162,672$159,978
2 years$83,397$81,843$80,338$78,879$77,463$74,756
3 years$55,046$53,486$51,984$50,538$49,146$46,511
4 years$40,873$39,318$37,831$36,410$35,051$32,508
5 years$32,371$30,825$29,359$27,966$26,645$24,202
6 years$26,705$25,171$23,726$22,365$21,084$18,743
7 years$22,660$21,139$19,716$18,387$17,147$14,909
8 years$19,627$18,120$16,721$15,425$14,225$12,090
9 years$17,270$15,777$14,402$13,138$11,979$9,946
10 years$15,385$13,906$12,556$11,326$10,207$8,273
11 years$13,844$12,380$11,054$9,857$8,778$6,942
12 years$12,560$11,112$9,810$8,646$7,607$5,866
13 years$11,475$10,042$8,765$7,633$6,634$4,985
14 years$10,546$9,128$7,875$6,775$5,815$4,257
15 years$9,741$8,338$7,110$6,043$5,120$3,649
16 years$9,038$7,650$6,446$5,410$4,525$3,138
17 years$8,418$7,045$5,866$4,861$4,012$2,706
18 years$7,867$6,510$5,355$4,381$3,567$2,339
19 years$7,376$6,034$4,902$3,959$3,180$2,026
20 years$6,933$5,607$4,499$3,585$2,840$1,758
21 years$6,534$5,223$4,138$3,254$2,542$1,527
22 years$6,171$4,875$3,814$2,958$2,278$1,328
23 years$5,840$4,560$3,522$2,694$2,045$1,157
24 years$5,538$4,272$3,257$2,457$1,838$1,008
25 years$5,259$4,009$3,016$2,244$1,654$880
26 years$5,003$3,768$2,798$2,052$1,490$768
27 years$4,766$3,546$2,598$1,878$1,343$671
28 years$4,547$3,341$2,415$1,721$1,212$586
29 years$4,343$3,152$2,247$1,578$1,094$513
30 years$4,153$2,977$2,093$1,448$989$448
31 years$3,975$2,814$1,952$1,330$894$392
32 years$3,809$2,663$1,821$1,222$809$343
33 years$3,653$2,522$1,700$1,124$732$301
34 years$3,507$2,390$1,589$1,034$663$263
35 years$3,370$2,267$1,485$952$600$231
36 years$3,240$2,152$1,389$877$544$202
37 years$3,118$2,044$1,300$808$493$177
38 years$3,002$1,942$1,218$745$447$155
39 years$2,893$1,847$1,141$687$405$136
40 years$2,789$1,757$1,069$633$368$119
41 years$2,691$1,673$1,003$584$333$104
42 years$2,597$1,593$941$539$303$92
43 years$2,508$1,518$883$498$275$80
44 years$2,424$1,447$828$460$249$70
45 years$2,343$1,380$778$424$226$62
46 years$2,266$1,316$731$392$205$54
47 years$2,193$1,256$686$362$187$47
48 years$2,123$1,199$645$335$169$42
49 years$2,056$1,145$606$309$154$37
50 years$1,992$1,094$570$286$140$32

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 $3,539 every year, while hoping to spend $30,798 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: 51/30/19 Blend
49$2,040,000$2,040,000$2,040,000$2,040,000
50$2,251,730$2,143,610$2,111,990$2,354,566
51$2,448,638$2,215,879$2,149,973$2,498,095
52$2,664,598$2,290,656$2,188,196$2,650,582
53$2,901,521$2,368,032$2,226,635$2,815,714
54$3,161,513$2,448,101$2,265,263$2,994,698
55$3,446,890$2,530,961$2,304,053$3,188,861
56$3,760,207$2,616,713$2,342,973$3,399,666
57$4,104,277$2,705,461$2,381,992$3,628,719
58$4,482,200$2,797,315$2,421,074$3,877,791
59$4,897,387$2,892,386$2,460,184$4,148,827
60$5,353,601$2,990,794$2,499,280$4,443,971
61$5,854,984$3,092,658$2,538,322$4,765,581
62$6,406,101$3,198,107$2,577,264$5,116,254
63$7,011,980$3,307,271$2,616,059$5,498,848
64$7,678,161$3,420,286$2,654,656$5,916,509
65$8,410,747$3,537,294$2,693,001$6,372,703
66$9,216,464$3,658,442$2,731,037$6,871,242
67$10,102,720$3,783,882$2,768,703$7,416,329
68$11,077,679$3,913,774$2,805,936$8,012,587
69$12,150,335$4,048,282$2,842,668$8,665,111
70$13,330,598$4,187,576$2,878,826$9,379,511
71$14,629,387$4,331,835$2,914,335$10,161,963
72$16,058,733$4,481,244$2,949,114$11,019,273
73$17,631,892$4,635,994$2,983,078$11,958,934
74$19,363,472$4,796,284$3,016,137$12,989,200
75$21,269,566$4,962,322$3,048,198$14,119,165
76$23,367,909$5,134,323$3,079,160$15,358,843
77$25,678,042$5,312,511$3,108,918$16,719,267
78$28,221,496$5,497,118$3,137,360$18,212,589
79$31,021,998$5,688,386$3,164,371$19,852,197
80$34,105,691$5,886,566$3,189,827$21,652,840
81$37,501,384$6,091,920$3,213,598$23,630,766
82$41,240,820$6,304,719$3,235,549$25,803,873
83$45,358,979$6,525,245$3,255,535$28,191,882
84$49,894,405$6,753,792$3,273,406$30,816,519
85$54,889,572$6,990,666$3,289,002$33,701,719
86$60,391,283$7,236,184$3,302,159$36,873,855
87$66,451,113$7,490,675$3,312,700$40,361,983
88$73,125,892$7,754,484$3,320,441$44,198,113
89$80,478,247$8,027,968$3,325,190$48,417,520
90$88,577,188$8,311,499$3,326,744$53,059,064
91$97,498,761$8,605,462$3,324,890$58,165,565
92$107,326,766$8,910,261$3,319,405$63,784,204
93$118,153,546$9,226,313$3,310,054$69,966,966
94$130,080,860$9,554,054$3,296,593$76,771,129
95$143,220,843$9,893,938$3,278,765$84,259,809
96$157,697,063$10,246,436$3,256,298$92,502,550
97$173,645,691$10,612,039$3,228,911$101,575,979
98$191,216,780$10,991,257$3,196,308$111,564,535
99$210,575,686$11,384,623$3,158,179$122,561,256
100$231,904,626$11,792,690$3,114,198$134,668,664