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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$170,113$168,598$167,119$165,676$164,267$161,746
2 years$84,214$82,646$81,126$79,652$78,223$75,688
3 years$55,585$54,010$52,494$51,034$49,628$47,159
4 years$41,273$39,703$38,202$36,767$35,395$33,012
5 years$32,689$31,128$29,646$28,241$26,907$24,615
6 years$26,967$25,418$23,959$22,584$21,290$19,094
7 years$22,882$21,346$19,910$18,568$17,315$15,214
8 years$19,820$18,298$16,885$15,576$14,364$12,358
9 years$17,439$15,931$14,543$13,267$12,097$10,185
10 years$15,536$14,043$12,679$11,437$10,307$8,487
11 years$13,980$12,501$11,162$9,953$8,864$7,135
12 years$12,684$11,221$9,906$8,730$7,682$6,041
13 years$11,588$10,140$8,851$7,708$6,699$5,144
14 years$10,649$9,217$7,952$6,842$5,872$4,401
15 years$9,837$8,420$7,180$6,102$5,170$3,781
16 years$9,127$7,725$6,510$5,463$4,569$3,258
17 years$8,501$7,115$5,924$4,909$4,052$2,816
18 years$7,945$6,574$5,407$4,424$3,602$2,439
19 years$7,448$6,093$4,950$3,997$3,211$2,117
20 years$7,001$5,662$4,543$3,620$2,868$1,841
21 years$6,598$5,274$4,179$3,286$2,567$1,603
22 years$6,231$4,923$3,851$2,987$2,301$1,398
23 years$5,897$4,604$3,556$2,721$2,065$1,220
24 years$5,592$4,314$3,289$2,481$1,856$1,066
25 years$5,311$4,048$3,046$2,266$1,670$932
26 years$5,052$3,805$2,825$2,072$1,505$816
27 years$4,813$3,581$2,623$1,897$1,356$714
28 years$4,591$3,374$2,439$1,738$1,224$626
29 years$4,385$3,183$2,269$1,594$1,105$548
30 years$4,193$3,006$2,114$1,462$999$481
31 years$4,014$2,842$1,971$1,343$903$422
32 years$3,846$2,689$1,839$1,234$817$370
33 years$3,689$2,546$1,717$1,135$739$325
34 years$3,542$2,413$1,604$1,044$669$285
35 years$3,403$2,289$1,500$961$606$251
36 years$3,272$2,173$1,403$885$549$220
37 years$3,148$2,064$1,313$816$498$193
38 years$3,032$1,961$1,230$752$451$170
39 years$2,921$1,865$1,152$693$409$149
40 years$2,816$1,774$1,080$640$371$131
41 years$2,717$1,689$1,013$590$337$115
42 years$2,623$1,608$950$545$306$101
43 years$2,533$1,533$891$503$277$89
44 years$2,448$1,461$837$464$252$78
45 years$2,366$1,393$786$429$228$69
46 years$2,289$1,329$738$396$207$61
47 years$2,215$1,268$693$366$188$53
48 years$2,144$1,211$651$338$171$47
49 years$2,076$1,156$612$312$155$41
50 years$2,011$1,104$576$289$141$36

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 $3,689 every year, while hoping to spend $23,533 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: 72/5/23 Blend
49$2,060,000$2,060,000$2,060,000$2,060,000
50$2,273,925$2,164,745$2,132,815$2,424,427
51$2,480,827$2,245,779$2,179,226$2,606,284
52$2,708,043$2,329,994$2,226,402$2,802,264
53$2,957,622$2,417,523$2,274,345$3,016,345
54$3,231,820$2,508,501$2,323,055$3,250,325
55$3,533,119$2,603,071$2,372,532$3,506,181
56$3,864,258$2,701,383$2,422,773$3,786,094
57$4,228,253$2,803,591$2,473,775$4,092,463
58$4,628,424$2,909,857$2,525,537$4,427,932
59$5,068,434$3,020,350$2,578,052$4,795,414
60$5,552,313$3,135,246$2,631,316$5,198,115
61$6,084,506$3,254,730$2,685,322$5,639,569
62$6,669,906$3,378,992$2,740,061$6,123,669
63$7,313,908$3,508,234$2,795,525$6,654,701
64$8,022,454$3,642,665$2,851,702$7,237,390
65$8,802,091$3,782,503$2,908,581$7,876,939
66$9,660,034$3,927,975$2,966,148$8,579,080
67$10,604,230$4,079,319$3,024,387$9,350,131
68$11,643,440$4,236,783$3,083,282$10,197,048
69$12,787,312$4,400,627$3,142,813$11,127,498
70$14,046,481$4,571,121$3,202,961$12,149,928
71$15,432,664$4,748,547$3,263,701$13,273,644
72$16,958,770$4,933,201$3,325,010$14,508,899
73$18,639,026$5,125,389$3,386,860$15,866,990
74$20,489,109$5,325,435$3,449,221$17,360,366
75$22,526,290$5,533,673$3,512,062$19,002,741
76$24,769,603$5,750,455$3,575,347$20,809,228
77$27,240,021$5,976,146$3,639,041$22,796,478
78$29,960,656$6,211,130$3,703,101$24,982,838
79$32,956,973$6,455,805$3,767,485$27,388,526
80$36,257,035$6,710,590$3,832,146$30,035,818
81$39,891,764$6,975,921$3,897,035$32,949,261
82$43,895,236$7,252,253$3,962,098$36,155,902
83$48,304,999$7,540,063$4,027,277$39,685,546
84$53,162,431$7,839,847$4,092,512$43,571,034
85$58,513,125$8,152,126$4,157,738$47,848,556
86$64,407,326$8,477,443$4,222,884$52,557,989
87$70,900,400$8,816,364$4,287,878$57,743,275
88$78,053,359$9,169,484$4,352,640$63,452,835
89$85,933,435$9,537,422$4,417,087$69,740,028
90$94,614,716$9,920,826$4,481,129$76,663,650
91$104,178,843$10,320,373$4,544,674$84,288,494
92$114,715,785$10,736,771$4,607,620$92,685,955
93$126,324,681$11,170,759$4,669,861$101,934,711
94$139,114,784$11,623,111$4,731,287$112,121,459
95$153,206,483$12,094,636$4,791,777$123,341,738
96$168,732,449$12,586,177$4,851,206$135,700,826
97$185,838,879$13,098,620$4,909,441$149,314,739
98$204,686,880$13,632,888$4,966,343$164,311,320
99$225,453,989$14,189,946$5,021,762$180,831,449
100$248,335,848$14,770,806$5,075,543$199,030,373