Can I retire at age 50 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$170,113$168,598$167,119$165,676$164,267$158,125
2 years$84,214$82,646$81,126$79,652$78,223$72,104
3 years$55,585$54,010$52,494$51,034$49,628$43,726
4 years$41,273$39,703$38,202$36,767$35,395$29,755
5 years$32,689$31,128$29,646$28,241$26,907$21,543
6 years$26,967$25,418$23,959$22,584$21,290$16,207
7 years$22,882$21,346$19,910$18,568$17,315$12,510
8 years$19,820$18,298$16,885$15,576$14,364$9,834
9 years$17,439$15,931$14,543$13,267$12,097$7,835
10 years$15,536$14,043$12,679$11,437$10,307$6,306
11 years$13,980$12,501$11,162$9,953$8,864$5,114
12 years$12,684$11,221$9,906$8,730$7,682$4,174
13 years$11,588$10,140$8,851$7,708$6,699$3,423
14 years$10,649$9,217$7,952$6,842$5,872$2,818
15 years$9,837$8,420$7,180$6,102$5,170$2,327
16 years$9,127$7,725$6,510$5,463$4,569$1,927
17 years$8,501$7,115$5,924$4,909$4,052$1,599
18 years$7,945$6,574$5,407$4,424$3,602$1,329
19 years$7,448$6,093$4,950$3,997$3,211$1,106
20 years$7,001$5,662$4,543$3,620$2,868$922
21 years$6,598$5,274$4,179$3,286$2,567$769
22 years$6,231$4,923$3,851$2,987$2,301$642
23 years$5,897$4,604$3,556$2,721$2,065$536
24 years$5,592$4,314$3,289$2,481$1,856$448
25 years$5,311$4,048$3,046$2,266$1,670$375
26 years$5,052$3,805$2,825$2,072$1,505$314
27 years$4,813$3,581$2,623$1,897$1,356$262
28 years$4,591$3,374$2,439$1,738$1,224$220
29 years$4,385$3,183$2,269$1,594$1,105$184
30 years$4,193$3,006$2,114$1,462$999$154
31 years$4,014$2,842$1,971$1,343$903$129
32 years$3,846$2,689$1,839$1,234$817$108
33 years$3,689$2,546$1,717$1,135$739$91
34 years$3,542$2,413$1,604$1,044$669$76
35 years$3,403$2,289$1,500$961$606$64
36 years$3,272$2,173$1,403$885$549$53
37 years$3,148$2,064$1,313$816$498$45
38 years$3,032$1,961$1,230$752$451$37
39 years$2,921$1,865$1,152$693$409$31
40 years$2,816$1,774$1,080$640$371$26
41 years$2,717$1,689$1,013$590$337$22
42 years$2,623$1,608$950$545$306$18
43 years$2,533$1,533$891$503$277$15
44 years$2,448$1,461$837$464$252$13
45 years$2,366$1,393$786$429$228$11
46 years$2,289$1,329$738$396$207$9
47 years$2,215$1,268$693$366$188$8
48 years$2,144$1,211$651$338$171$6
49 years$2,076$1,156$612$312$155$5
50 years$2,011$1,104$576$289$141$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,060,000, adding $4,966 every year, while hoping to spend $54,821 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: 54/19/27 Blend
49$2,060,000$2,060,000$2,060,000$2,060,000
50$2,275,242$2,166,062$2,134,132$2,380,812
51$2,448,988$2,213,870$2,147,297$2,502,066
52$2,638,618$2,262,184$2,159,065$2,627,959
53$2,845,696$2,310,969$2,169,332$2,763,914
54$3,071,940$2,360,190$2,177,988$2,910,917
55$3,319,245$2,409,806$2,184,917$3,070,054
56$3,589,694$2,459,773$2,189,998$3,242,523
57$3,885,584$2,510,043$2,193,105$3,429,645
58$4,209,442$2,560,563$2,194,102$3,632,876
59$4,564,050$2,611,276$2,192,849$3,853,822
60$4,952,474$2,662,119$2,189,200$4,094,253
61$5,378,087$2,713,024$2,183,000$4,356,121
62$5,844,608$2,763,918$2,174,086$4,641,579
63$6,356,130$2,814,722$2,162,290$4,952,999
64$6,917,161$2,865,349$2,147,432$5,292,998
65$7,532,668$2,915,707$2,129,327$5,664,460
66$8,208,119$2,965,696$2,107,779$6,070,566
67$8,949,541$3,015,209$2,082,584$6,514,825
68$9,763,571$3,064,131$2,053,526$7,001,101
69$10,657,518$3,112,336$2,020,382$7,533,659
70$11,639,437$3,159,693$1,982,917$8,117,199
71$12,718,199$3,206,057$1,940,885$8,756,904
72$13,903,579$3,251,278$1,894,028$9,458,489
73$15,206,343$3,295,189$1,842,077$10,228,252
74$16,638,354$3,337,618$1,784,751$11,073,140
75$18,212,681$3,378,376$1,721,755$12,000,810
76$19,943,721$3,417,263$1,652,780$13,019,705
77$21,847,338$3,454,066$1,577,505$14,139,133
78$23,941,008$3,488,557$1,495,594$15,369,354
79$26,243,988$3,520,494$1,406,693$16,721,681
80$28,777,494$3,549,616$1,310,436$18,208,585
81$31,564,900$3,575,649$1,206,438$19,843,815
82$34,631,963$3,598,299$1,094,296$21,642,527
83$38,007,061$3,617,254$973,593$23,621,429
84$41,721,462$3,632,180$843,889$25,798,940
85$45,809,618$3,642,724$704,727$28,195,365
86$50,309,493$3,648,511$555,629$30,833,086
87$55,262,915$3,649,142$396,096$33,736,777
88$60,715,974$3,644,191$225,607$36,933,634
89$66,719,456$3,633,210$43,618$40,453,640
90$73,329,323$3,615,720$0$44,329,842
91$80,607,238$3,591,214$0$48,642,054
92$88,621,147$3,559,154$0$53,403,275
93$97,445,923$3,518,971$0$58,645,366
94$107,164,065$3,470,059$0$64,417,300
95$117,866,487$3,411,779$0$70,773,047
96$129,653,363$3,343,451$0$77,772,084
97$142,635,082$3,264,356$0$85,479,956
98$156,933,284$3,173,733$0$93,968,895
99$172,682,010$3,070,777$0$103,318,504
100$190,028,965$2,954,634$0$113,616,507