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%11.5%
1 years$168,461$166,961$165,497$164,068$162,672$161,647
2 years$83,397$81,843$80,338$78,879$77,463$76,429
3 years$55,046$53,486$51,984$50,538$49,146$48,135
4 years$40,873$39,318$37,831$36,410$35,051$34,071
5 years$32,371$30,825$29,359$27,966$26,645$25,699
6 years$26,705$25,171$23,726$22,365$21,084$20,172
7 years$22,660$21,139$19,716$18,387$17,147$16,271
8 years$19,627$18,120$16,721$15,425$14,225$13,384
9 years$17,270$15,777$14,402$13,138$11,979$11,174
10 years$15,385$13,906$12,556$11,326$10,207$9,437
11 years$13,844$12,380$11,054$9,857$8,778$8,042
12 years$12,560$11,112$9,810$8,646$7,607$6,905
13 years$11,475$10,042$8,765$7,633$6,634$5,964
14 years$10,546$9,128$7,875$6,775$5,815$5,178
15 years$9,741$8,338$7,110$6,043$5,120$4,514
16 years$9,038$7,650$6,446$5,410$4,525$3,949
17 years$8,418$7,045$5,866$4,861$4,012$3,466
18 years$7,867$6,510$5,355$4,381$3,567$3,050
19 years$7,376$6,034$4,902$3,959$3,180$2,690
20 years$6,933$5,607$4,499$3,585$2,840$2,377
21 years$6,534$5,223$4,138$3,254$2,542$2,104
22 years$6,171$4,875$3,814$2,958$2,278$1,865
23 years$5,840$4,560$3,522$2,694$2,045$1,656
24 years$5,538$4,272$3,257$2,457$1,838$1,471
25 years$5,259$4,009$3,016$2,244$1,654$1,309
26 years$5,003$3,768$2,798$2,052$1,490$1,166
27 years$4,766$3,546$2,598$1,878$1,343$1,039
28 years$4,547$3,341$2,415$1,721$1,212$926
29 years$4,343$3,152$2,247$1,578$1,094$826
30 years$4,153$2,977$2,093$1,448$989$738
31 years$3,975$2,814$1,952$1,330$894$659
32 years$3,809$2,663$1,821$1,222$809$589
33 years$3,653$2,522$1,700$1,124$732$526
34 years$3,507$2,390$1,589$1,034$663$471
35 years$3,370$2,267$1,485$952$600$421
36 years$3,240$2,152$1,389$877$544$377
37 years$3,118$2,044$1,300$808$493$337
38 years$3,002$1,942$1,218$745$447$302
39 years$2,893$1,847$1,141$687$405$270
40 years$2,789$1,757$1,069$633$368$242
41 years$2,691$1,673$1,003$584$333$217
42 years$2,597$1,593$941$539$303$194
43 years$2,508$1,518$883$498$275$174
44 years$2,424$1,447$828$460$249$156
45 years$2,343$1,380$778$424$226$140
46 years$2,266$1,316$731$392$205$125
47 years$2,193$1,256$686$362$187$112
48 years$2,123$1,199$645$335$169$101
49 years$2,056$1,145$606$309$154$90
50 years$1,992$1,094$570$286$140$81

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 $4,685 every year, while hoping to spend $41,971 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: 51/20/29 Blend
49$2,040,000$2,040,000$2,040,000$2,040,000
50$2,252,913$2,144,793$2,113,173$2,349,163
51$2,438,053$2,205,231$2,139,307$2,477,269
52$2,640,671$2,267,223$2,164,910$2,611,924
53$2,862,505$2,330,803$2,189,920$2,757,538
54$3,105,469$2,396,001$2,214,271$2,915,173
55$3,371,672$2,462,850$2,237,894$3,086,000
56$3,663,435$2,531,382$2,260,716$3,271,308
57$3,983,315$2,601,630$2,282,660$3,472,520
58$4,334,128$2,673,625$2,303,645$3,691,199
59$4,718,977$2,747,400$2,323,584$3,929,071
60$5,141,277$2,822,987$2,342,389$4,188,036
61$5,604,793$2,900,419$2,359,965$4,470,187
62$6,113,669$2,979,727$2,376,210$4,777,830
63$6,672,471$3,060,942$2,391,022$5,113,508
64$7,286,231$3,144,095$2,404,289$5,480,021
65$7,960,489$3,229,218$2,415,895$5,880,455
66$8,701,349$3,316,341$2,425,718$6,318,211
67$9,515,538$3,405,492$2,433,630$6,797,037
68$10,410,463$3,496,701$2,439,497$7,321,063
69$11,394,287$3,589,997$2,443,177$7,894,838
70$12,476,003$3,685,405$2,444,522$8,523,380
71$13,665,518$3,782,953$2,443,376$9,212,215
72$14,973,748$3,882,665$2,439,577$9,967,434
73$16,412,720$3,984,565$2,432,952$10,795,751
74$17,995,683$4,088,674$2,423,322$11,704,563
75$19,737,238$4,195,015$2,410,498$12,702,024
76$21,653,471$4,303,605$2,394,284$13,797,119
77$23,762,105$4,414,461$2,374,472$14,999,752
78$26,082,669$4,527,599$2,350,846$16,320,836
79$28,636,680$4,643,030$2,323,179$17,772,399
80$31,447,848$4,760,766$2,291,233$19,367,698
81$34,542,298$4,880,813$2,254,758$21,121,342
82$37,948,815$5,003,175$2,213,495$23,049,432
83$41,699,117$5,127,854$2,167,170$25,169,713
84$45,828,156$5,254,847$2,115,499$27,501,743
85$50,374,441$5,384,148$2,058,181$30,067,075
86$55,380,410$5,515,747$1,994,906$32,889,464
87$60,892,823$5,649,629$1,925,346$35,995,088
88$66,963,205$5,785,776$1,849,160$39,412,801
89$73,648,335$5,924,161$1,765,990$43,174,401
90$81,010,777$6,064,757$1,675,462$47,314,932
91$89,119,472$6,207,527$1,577,187$51,873,017
92$98,050,391$6,352,428$1,470,755$56,891,221
93$107,887,247$6,499,413$1,355,741$62,416,456
94$118,722,287$6,648,425$1,231,700$68,500,421
95$130,657,163$6,799,401$1,098,165$75,200,094
96$143,803,891$6,952,269$954,650$82,578,270
97$158,285,905$7,106,947$800,648$90,704,153
98$174,239,226$7,263,347$635,629$99,654,011
99$191,813,743$7,421,367$459,038$109,511,899
100$211,174,628$7,580,896$270,298$120,370,450