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%12.9%
1 years$169,287$167,779$166,308$164,872$163,470$161,494
2 years$83,805$82,245$80,732$79,265$77,843$75,854
3 years$55,315$53,748$52,239$50,786$49,387$47,447
4 years$41,073$39,510$38,017$36,589$35,223$33,348
5 years$32,530$30,977$29,502$28,104$26,776$24,970
6 years$26,836$25,295$23,842$22,475$21,187$19,453
7 years$22,771$21,242$19,813$18,478$17,231$15,569
8 years$19,724$18,209$16,803$15,500$14,294$12,705
9 years$17,355$15,854$14,472$13,203$12,038$10,521
10 years$15,460$13,974$12,617$11,381$10,257$8,810
11 years$13,912$12,441$11,108$9,905$8,821$7,444
12 years$12,622$11,166$9,858$8,688$7,644$6,335
13 years$11,532$10,091$8,808$7,670$6,666$5,422
14 years$10,598$9,172$7,914$6,809$5,843$4,664
15 years$9,789$8,379$7,145$6,072$5,145$4,028
16 years$9,082$7,688$6,478$5,437$4,547$3,491
17 years$8,459$7,080$5,895$4,885$4,032$3,034
18 years$7,906$6,542$5,381$4,402$3,585$2,643
19 years$7,412$6,063$4,926$3,978$3,195$2,308
20 years$6,967$5,634$4,521$3,603$2,854$2,019
21 years$6,566$5,248$4,158$3,270$2,554$1,768
22 years$6,201$4,899$3,833$2,973$2,289$1,551
23 years$5,869$4,582$3,539$2,708$2,055$1,362
24 years$5,565$4,293$3,273$2,469$1,847$1,198
25 years$5,285$4,029$3,031$2,255$1,662$1,054
26 years$5,028$3,786$2,811$2,062$1,497$928
27 years$4,790$3,563$2,611$1,887$1,350$818
28 years$4,569$3,358$2,427$1,729$1,218$721
29 years$4,364$3,168$2,258$1,586$1,100$636
30 years$4,173$2,992$2,104$1,455$994$562
31 years$3,995$2,828$1,961$1,337$898$496
32 years$3,828$2,676$1,830$1,228$813$438
33 years$3,671$2,534$1,708$1,130$736$387
34 years$3,524$2,402$1,596$1,039$666$342
35 years$3,386$2,278$1,492$957$603$302
36 years$3,256$2,162$1,396$881$546$267
37 years$3,133$2,054$1,307$812$495$237
38 years$3,017$1,952$1,224$748$449$209
39 years$2,907$1,856$1,146$690$407$185
40 years$2,803$1,766$1,075$636$369$164
41 years$2,704$1,681$1,008$587$335$145
42 years$2,610$1,601$945$542$304$128
43 years$2,521$1,525$887$500$276$114
44 years$2,436$1,454$833$462$250$101
45 years$2,355$1,386$782$427$227$89
46 years$2,277$1,322$734$394$206$79
47 years$2,204$1,262$690$364$187$70
48 years$2,133$1,205$648$336$170$62
49 years$2,066$1,150$609$311$155$55
50 years$2,002$1,099$573$287$140$48

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 $4,327 every year, while hoping to spend $29,057 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: 73/21/6 Blend
49$2,050,000$2,050,000$2,050,000$2,050,000
50$2,263,563$2,154,913$2,123,138$2,426,921
51$2,463,530$2,229,588$2,163,347$2,609,799
52$2,682,920$2,306,947$2,203,929$2,805,932
53$2,923,683$2,387,093$2,244,866$3,019,897
54$3,187,968$2,470,129$2,286,138$3,253,445
55$3,478,141$2,556,166$2,327,723$3,508,502
56$3,796,809$2,645,315$2,369,600$3,787,188
57$4,146,844$2,737,696$2,411,742$4,091,840
58$4,531,409$2,833,431$2,454,123$4,425,027
59$4,953,990$2,932,646$2,496,713$4,789,578
60$5,418,426$3,035,475$2,539,482$5,188,611
61$5,928,948$3,142,055$2,582,397$5,625,557
62$6,490,214$3,252,530$2,625,421$6,104,193
63$7,107,360$3,367,048$2,668,516$6,628,680
64$7,786,042$3,485,765$2,711,643$7,203,602
65$8,532,492$3,608,841$2,754,757$7,834,003
66$9,353,576$3,736,444$2,797,811$8,525,443
67$10,256,861$3,868,749$2,840,757$9,284,042
68$11,250,680$4,005,938$2,883,543$10,116,543
69$12,344,220$4,148,199$2,926,111$11,030,374
70$13,547,598$4,295,729$2,968,404$12,033,713
71$14,871,966$4,448,732$3,010,358$13,135,572
72$16,329,608$4,607,421$3,051,906$14,345,878
73$17,934,061$4,772,018$3,092,979$15,675,565
74$19,700,243$4,942,754$3,133,501$17,136,679
75$21,644,587$5,119,869$3,173,393$18,742,489
76$23,785,204$5,303,612$3,212,571$20,507,614
77$26,142,050$5,494,244$3,250,947$22,448,159
78$28,737,113$5,692,035$3,288,427$24,581,868
79$31,594,622$5,897,269$3,324,913$26,928,289
80$34,741,276$6,110,238$3,360,300$29,508,957
81$38,206,495$6,331,248$3,394,480$32,347,601
82$42,022,697$6,560,619$3,427,334$35,470,362
83$46,225,605$6,798,682$3,458,743$38,906,045
84$50,854,582$7,045,783$3,488,576$42,686,384
85$55,953,005$7,302,281$3,516,698$46,846,344
86$61,568,671$7,568,553$3,542,967$51,424,451
87$67,754,251$7,844,988$3,567,233$56,463,154
88$74,567,787$8,131,994$3,589,337$62,009,224
89$82,073,235$8,429,996$3,609,113$68,114,196
90$90,341,074$8,739,435$3,626,388$74,834,854
91$99,448,968$9,060,772$3,640,977$82,233,765
92$109,482,500$9,394,487$3,652,687$90,379,873
93$120,535,980$9,741,081$3,661,316$99,349,143
94$132,713,331$10,101,076$3,666,652$109,225,280
95$146,129,077$10,475,015$3,668,471$120,100,519
96$160,909,417$10,863,464$3,666,538$132,076,494
97$177,193,420$11,267,016$3,660,610$145,265,195
98$195,134,335$11,686,286$3,650,426$159,790,025
99$214,901,039$12,121,917$3,635,718$175,786,964
100$236,679,632$12,574,578$3,616,202$193,405,852