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%15.6%
1 years$170,113$168,598$167,119$165,676$164,267$160,492
2 years$84,214$82,646$81,126$79,652$78,223$74,440
3 years$55,585$54,010$52,494$51,034$49,628$45,955
4 years$41,273$39,703$38,202$36,767$35,395$31,862
5 years$32,689$31,128$29,646$28,241$26,907$23,522
6 years$26,967$25,418$23,959$22,584$21,290$18,059
7 years$22,882$21,346$19,910$18,568$17,315$14,236
8 years$19,820$18,298$16,885$15,576$14,364$11,437
9 years$17,439$15,931$14,543$13,267$12,097$9,319
10 years$15,536$14,043$12,679$11,437$10,307$7,676
11 years$13,980$12,501$11,162$9,953$8,864$6,376
12 years$12,684$11,221$9,906$8,730$7,682$5,333
13 years$11,588$10,140$8,851$7,708$6,699$4,484
14 years$10,649$9,217$7,952$6,842$5,872$3,787
15 years$9,837$8,420$7,180$6,102$5,170$3,211
16 years$9,127$7,725$6,510$5,463$4,569$2,730
17 years$8,501$7,115$5,924$4,909$4,052$2,328
18 years$7,945$6,574$5,407$4,424$3,602$1,989
19 years$7,448$6,093$4,950$3,997$3,211$1,702
20 years$7,001$5,662$4,543$3,620$2,868$1,459
21 years$6,598$5,274$4,179$3,286$2,567$1,252
22 years$6,231$4,923$3,851$2,987$2,301$1,076
23 years$5,897$4,604$3,556$2,721$2,065$925
24 years$5,592$4,314$3,289$2,481$1,856$797
25 years$5,311$4,048$3,046$2,266$1,670$686
26 years$5,052$3,805$2,825$2,072$1,505$591
27 years$4,813$3,581$2,623$1,897$1,356$510
28 years$4,591$3,374$2,439$1,738$1,224$440
29 years$4,385$3,183$2,269$1,594$1,105$380
30 years$4,193$3,006$2,114$1,462$999$328
31 years$4,014$2,842$1,971$1,343$903$283
32 years$3,846$2,689$1,839$1,234$817$244
33 years$3,689$2,546$1,717$1,135$739$211
34 years$3,542$2,413$1,604$1,044$669$182
35 years$3,403$2,289$1,500$961$606$158
36 years$3,272$2,173$1,403$885$549$136
37 years$3,148$2,064$1,313$816$498$118
38 years$3,032$1,961$1,230$752$451$102
39 years$2,921$1,865$1,152$693$409$88
40 years$2,816$1,774$1,080$640$371$76
41 years$2,717$1,689$1,013$590$337$66
42 years$2,623$1,608$950$545$306$57
43 years$2,533$1,533$891$503$277$49
44 years$2,448$1,461$837$464$252$43
45 years$2,366$1,393$786$429$228$37
46 years$2,289$1,329$738$396$207$32
47 years$2,215$1,268$693$366$188$28
48 years$2,144$1,211$651$338$171$24
49 years$2,076$1,156$612$312$155$21
50 years$2,011$1,104$576$289$141$18

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 $3,584 every year, while hoping to spend $40,816 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: 62/24/14 Blend
49$2,060,000$2,060,000$2,060,000$2,060,000
50$2,273,817$2,164,637$2,132,707$2,406,818
51$2,462,318$2,227,276$2,160,725$2,559,189
52$2,668,679$2,291,617$2,188,313$2,720,482
53$2,894,677$2,357,699$2,215,415$2,895,564
54$3,142,272$2,425,564$2,241,969$3,085,774
55$3,413,620$2,495,253$2,267,911$3,292,588
56$3,711,096$2,566,808$2,293,173$3,517,629
57$4,037,318$2,640,271$2,317,684$3,762,686
58$4,395,167$2,715,687$2,341,369$4,029,728
59$4,787,817$2,793,098$2,364,148$4,320,922
60$5,218,763$2,872,549$2,385,936$4,638,657
61$5,691,858$2,954,085$2,406,646$4,985,562
62$6,211,343$3,037,751$2,426,184$5,364,535
63$6,781,892$3,123,592$2,444,453$5,778,764
64$7,408,651$3,211,655$2,461,348$6,231,765
65$8,097,293$3,301,985$2,476,763$6,727,408
66$8,854,065$3,394,630$2,490,582$7,269,956
67$9,685,848$3,489,636$2,502,686$7,864,108
68$10,600,227$3,587,051$2,512,948$8,515,037
69$11,605,555$3,686,921$2,521,237$9,228,445
70$12,711,036$3,789,294$2,527,412$10,010,611
71$13,926,809$3,894,217$2,531,328$10,868,454
72$15,264,048$4,001,738$2,532,832$11,809,599
73$16,735,062$4,111,904$2,531,762$12,842,444
74$18,353,412$4,224,761$2,527,950$13,976,243
75$20,134,042$4,340,357$2,521,219$15,221,191
76$22,093,417$4,458,737$2,511,382$16,588,524
77$24,249,678$4,579,947$2,498,246$18,090,620
78$26,622,813$4,704,033$2,481,606$19,741,117
79$29,234,848$4,831,038$2,461,247$21,555,045
80$32,110,050$4,961,007$2,436,947$23,548,963
81$35,275,161$5,093,981$2,408,470$25,741,118
82$38,759,644$5,230,003$2,375,570$28,151,617
83$42,595,966$5,369,112$2,337,990$30,802,616
84$46,819,903$5,511,346$2,295,461$33,718,528
85$51,470,874$5,656,744$2,247,700$36,926,255
86$56,592,318$5,805,339$2,194,413$40,455,444
87$62,232,098$5,957,164$2,135,289$44,338,759
88$68,442,958$6,112,251$2,070,008$48,612,199
89$75,283,016$6,270,628$1,998,229$53,315,431
90$82,816,315$6,432,320$1,919,601$58,492,167
91$91,113,424$6,597,349$1,833,753$64,190,576
92$100,252,109$6,765,735$1,740,300$70,463,739
93$110,318,061$6,937,493$1,638,836$77,370,150
94$121,405,708$7,112,634$1,528,942$84,974,268
95$133,619,103$7,291,166$1,410,174$93,347,124
96$147,072,910$7,473,092$1,282,074$102,566,997
97$161,893,483$7,658,409$1,144,159$112,720,146
98$178,220,056$7,847,109$995,926$123,901,627
99$196,206,063$8,039,179$836,851$136,216,194
100$216,020,581$8,234,598$666,385$149,779,282