Can I retire at age 50 with 2,050,000?

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 $2,050,000?

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$169,287$167,779$166,308$164,872$163,470$162,440
2 years$83,805$82,245$80,732$79,265$77,843$76,804
3 years$55,315$53,748$52,239$50,786$49,387$48,371
4 years$41,073$39,510$38,017$36,589$35,223$34,238
5 years$32,530$30,977$29,502$28,104$26,776$25,825
6 years$26,836$25,295$23,842$22,475$21,187$20,271
7 years$22,771$21,242$19,813$18,478$17,231$16,350
8 years$19,724$18,209$16,803$15,500$14,294$13,450
9 years$17,355$15,854$14,472$13,203$12,038$11,229
10 years$15,460$13,974$12,617$11,381$10,257$9,483
11 years$13,912$12,441$11,108$9,905$8,821$8,082
12 years$12,622$11,166$9,858$8,688$7,644$6,938
13 years$11,532$10,091$8,808$7,670$6,666$5,993
14 years$10,598$9,172$7,914$6,809$5,843$5,203
15 years$9,789$8,379$7,145$6,072$5,145$4,536
16 years$9,082$7,688$6,478$5,437$4,547$3,969
17 years$8,459$7,080$5,895$4,885$4,032$3,483
18 years$7,906$6,542$5,381$4,402$3,585$3,065
19 years$7,412$6,063$4,926$3,978$3,195$2,703
20 years$6,967$5,634$4,521$3,603$2,854$2,389
21 years$6,566$5,248$4,158$3,270$2,554$2,114
22 years$6,201$4,899$3,833$2,973$2,289$1,874
23 years$5,869$4,582$3,539$2,708$2,055$1,664
24 years$5,565$4,293$3,273$2,469$1,847$1,479
25 years$5,285$4,029$3,031$2,255$1,662$1,315
26 years$5,028$3,786$2,811$2,062$1,497$1,171
27 years$4,790$3,563$2,611$1,887$1,350$1,044
28 years$4,569$3,358$2,427$1,729$1,218$931
29 years$4,364$3,168$2,258$1,586$1,100$830
30 years$4,173$2,992$2,104$1,455$994$741
31 years$3,995$2,828$1,961$1,337$898$662
32 years$3,828$2,676$1,830$1,228$813$592
33 years$3,671$2,534$1,708$1,130$736$529
34 years$3,524$2,402$1,596$1,039$666$473
35 years$3,386$2,278$1,492$957$603$423
36 years$3,256$2,162$1,396$881$546$379
37 years$3,133$2,054$1,307$812$495$339
38 years$3,017$1,952$1,224$748$449$303
39 years$2,907$1,856$1,146$690$407$272
40 years$2,803$1,766$1,075$636$369$243
41 years$2,704$1,681$1,008$587$335$218
42 years$2,610$1,601$945$542$304$195
43 years$2,521$1,525$887$500$276$175
44 years$2,436$1,454$833$462$250$157
45 years$2,355$1,386$782$427$227$140
46 years$2,277$1,322$734$394$206$126
47 years$2,204$1,262$690$364$187$113
48 years$2,133$1,205$648$336$170$101
49 years$2,066$1,150$609$311$155$91
50 years$2,002$1,099$573$287$140$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,050,000, adding $2,144 every year, while hoping to spend $51,045 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: 40/35/25 Blend
49$2,050,000$2,050,000$2,050,000$2,050,000
50$2,261,312$2,152,662$2,120,887$2,334,973
51$2,437,654$2,203,830$2,137,625$2,439,565
52$2,630,272$2,255,796$2,153,213$2,547,692
53$2,840,773$2,308,543$2,167,559$2,663,670
54$3,070,925$2,362,054$2,180,564$2,788,249
55$3,322,674$2,416,310$2,192,128$2,922,252
56$3,598,165$2,471,287$2,202,143$3,066,589
57$3,899,758$2,526,961$2,210,495$3,222,263
58$4,230,053$2,583,302$2,217,067$3,390,377
59$4,591,913$2,640,278$2,221,733$3,572,150
60$4,988,490$2,697,853$2,224,362$3,768,925
61$5,423,256$2,755,988$2,224,818$3,982,182
62$5,900,035$2,814,638$2,222,957$4,213,553
63$6,423,039$2,873,756$2,218,627$4,464,839
64$6,996,908$2,933,289$2,211,669$4,738,025
65$7,626,750$2,993,178$2,201,918$5,035,298
66$8,318,196$3,053,361$2,189,200$5,359,073
67$9,077,445$3,113,769$2,173,331$5,712,009
68$9,911,327$3,174,326$2,154,120$6,097,041
69$10,827,367$3,234,952$2,131,367$6,517,403
70$11,833,853$3,295,560$2,104,863$6,976,665
71$12,939,916$3,356,052$2,074,386$7,478,757
72$14,155,617$3,416,328$2,039,707$8,028,020
73$15,492,038$3,476,276$2,000,586$8,629,233
74$16,961,389$3,535,777$1,956,768$9,287,672
75$18,577,123$3,594,702$1,907,992$10,009,151
76$20,354,060$3,652,913$1,853,980$10,800,080
77$22,308,529$3,710,261$1,794,444$11,667,530
78$24,458,523$3,766,588$1,729,082$12,619,294
79$26,823,864$3,821,722$1,657,578$13,663,966
80$29,426,393$3,875,481$1,579,601$14,811,021
81$32,290,174$3,927,669$1,494,807$16,070,906
82$35,441,723$3,978,076$1,402,834$17,455,140
83$38,910,255$4,026,478$1,303,305$18,976,421
84$42,727,962$4,072,636$1,195,827$20,648,750
85$46,930,314$4,116,296$1,079,987$22,487,562
86$51,556,396$4,157,184$955,356$24,509,875
87$56,649,272$4,195,009$821,485$26,734,449
88$62,256,396$4,229,464$677,903$29,181,968
89$68,430,058$4,260,216$524,122$31,875,234
90$75,227,873$4,286,916$359,629$34,839,382
91$82,713,331$4,309,190$183,892$38,102,123
92$90,956,391$4,326,640$0$41,694,008
93$100,034,141$4,338,844$0$45,649,684
94$110,031,527$4,345,352$0$50,057,712
95$121,042,156$4,345,686$0$54,910,073
96$133,169,171$4,339,341$0$60,252,046
97$146,526,235$4,325,777$0$66,133,533
98$161,238,595$4,304,424$0$72,609,533
99$177,444,265$4,274,674$0$79,740,659
100$195,295,333$4,235,886$0$87,593,713