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%16.7%
1 years$168,461$166,961$165,497$164,068$162,672$158,227
2 years$83,397$81,843$80,338$78,879$77,463$73,016
3 years$55,046$53,486$51,984$50,538$49,146$44,838
4 years$40,873$39,318$37,831$36,410$35,051$30,914
5 years$32,371$30,825$29,359$27,966$26,645$22,691
6 years$26,705$25,171$23,726$22,365$21,084$17,316
7 years$22,660$21,139$19,716$18,387$17,147$13,566
8 years$19,627$18,120$16,721$15,425$14,225$10,829
9 years$17,270$15,777$14,402$13,138$11,979$8,765
10 years$15,385$13,906$12,556$11,326$10,207$7,171
11 years$13,844$12,380$11,054$9,857$8,778$5,915
12 years$12,560$11,112$9,810$8,646$7,607$4,911
13 years$11,475$10,042$8,765$7,633$6,634$4,099
14 years$10,546$9,128$7,875$6,775$5,815$3,436
15 years$9,741$8,338$7,110$6,043$5,120$2,891
16 years$9,038$7,650$6,446$5,410$4,525$2,439
17 years$8,418$7,045$5,866$4,861$4,012$2,063
18 years$7,867$6,510$5,355$4,381$3,567$1,748
19 years$7,376$6,034$4,902$3,959$3,180$1,484
20 years$6,933$5,607$4,499$3,585$2,840$1,261
21 years$6,534$5,223$4,138$3,254$2,542$1,074
22 years$6,171$4,875$3,814$2,958$2,278$915
23 years$5,840$4,560$3,522$2,694$2,045$780
24 years$5,538$4,272$3,257$2,457$1,838$665
25 years$5,259$4,009$3,016$2,244$1,654$568
26 years$5,003$3,768$2,798$2,052$1,490$485
27 years$4,766$3,546$2,598$1,878$1,343$415
28 years$4,547$3,341$2,415$1,721$1,212$355
29 years$4,343$3,152$2,247$1,578$1,094$303
30 years$4,153$2,977$2,093$1,448$989$259
31 years$3,975$2,814$1,952$1,330$894$222
32 years$3,809$2,663$1,821$1,222$809$190
33 years$3,653$2,522$1,700$1,124$732$163
34 years$3,507$2,390$1,589$1,034$663$139
35 years$3,370$2,267$1,485$952$600$119
36 years$3,240$2,152$1,389$877$544$102
37 years$3,118$2,044$1,300$808$493$87
38 years$3,002$1,942$1,218$745$447$75
39 years$2,893$1,847$1,141$687$405$64
40 years$2,789$1,757$1,069$633$368$55
41 years$2,691$1,673$1,003$584$333$47
42 years$2,597$1,593$941$539$303$40
43 years$2,508$1,518$883$498$275$35
44 years$2,424$1,447$828$460$249$30
45 years$2,343$1,380$778$424$226$25
46 years$2,266$1,316$731$392$205$22
47 years$2,193$1,256$686$362$187$19
48 years$2,123$1,199$645$335$169$16
49 years$2,056$1,145$606$309$154$14
50 years$1,992$1,094$570$286$140$12

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 $4,400 every year, while hoping to spend $34,459 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: 68/11/21 Blend
49$2,040,000$2,040,000$2,040,000$2,040,000
50$2,252,619$2,144,499$2,112,879$2,393,673
51$2,445,722$2,212,915$2,146,996$2,557,046
52$2,657,366$2,283,529$2,181,101$2,731,289
53$2,889,407$2,356,411$2,215,158$2,921,070
54$3,143,888$2,431,636$2,249,126$3,127,920
55$3,423,057$2,509,280$2,282,966$3,353,526
56$3,729,395$2,589,420$2,316,631$3,599,744
57$4,065,631$2,672,139$2,350,075$3,868,619
58$4,434,771$2,757,520$2,383,249$4,162,404
59$4,840,129$2,845,650$2,416,099$4,483,579
60$5,285,353$2,936,617$2,448,569$4,834,878
61$5,774,463$3,030,516$2,480,600$5,219,309
62$6,311,888$3,127,441$2,512,130$5,640,189
63$6,902,505$3,227,490$2,543,091$6,101,172
64$7,551,690$3,330,766$2,573,414$6,606,280
65$8,265,363$3,437,375$2,603,024$7,159,947
66$9,050,048$3,547,424$2,631,843$7,767,058
67$9,912,932$3,661,027$2,659,789$8,432,993
68$10,861,933$3,778,299$2,686,773$9,163,680
69$11,905,775$3,899,361$2,712,705$9,965,651
70$13,054,071$4,024,336$2,737,488$10,846,103
71$14,317,411$4,153,353$2,761,019$11,812,964
72$15,707,464$4,286,545$2,783,190$12,874,971
73$17,237,088$4,424,048$2,803,889$14,041,750
74$18,920,448$4,566,004$2,822,997$15,323,907
75$20,773,154$4,712,558$2,840,388$16,733,129
76$22,812,405$4,863,863$2,855,930$18,282,293
77$25,057,152$5,020,074$2,869,485$19,985,588
78$27,528,276$5,181,352$2,880,907$21,858,651
79$30,248,787$5,347,865$2,890,044$23,918,708
80$33,244,037$5,519,784$2,896,735$26,184,744
81$36,541,964$5,697,289$2,900,811$28,677,677
82$40,173,352$5,880,563$2,902,095$31,420,560
83$44,172,120$6,069,797$2,900,401$34,438,792
84$48,575,647$6,265,187$2,895,535$37,760,364
85$53,425,119$6,466,938$2,887,292$41,416,118
86$58,765,923$6,675,260$2,875,458$45,440,044
87$64,648,069$6,890,369$2,859,808$49,869,593
88$71,126,666$7,112,492$2,840,106$54,746,038
89$78,262,442$7,341,860$2,816,105$60,114,858
90$86,122,314$7,578,714$2,787,548$66,026,172
91$94,780,022$7,823,303$2,754,163$72,535,206
92$104,316,823$8,075,883$2,715,666$79,702,819
93$114,822,258$8,336,721$2,671,760$87,596,078
94$126,395,000$8,606,091$2,622,135$96,288,887
95$139,143,778$8,884,278$2,566,465$105,862,688
96$153,188,411$9,171,575$2,504,409$116,407,227
97$168,660,933$9,468,287$2,435,611$128,021,404
98$185,706,843$9,774,728$2,359,699$140,814,205
99$204,486,475$10,091,223$2,276,282$154,905,731
100$225,176,511$10,418,108$2,184,953$170,428,333