Can I retire at age 50 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$170,939$169,416$167,930$166,481$165,065$159,909
2 years$84,623$83,047$81,520$80,039$78,602$73,454
3 years$55,855$54,272$52,749$51,282$49,868$44,889
4 years$41,474$39,896$38,387$36,945$35,567$30,794
5 years$32,847$31,279$29,790$28,378$27,037$22,484
6 years$27,098$25,541$24,075$22,694$21,394$17,065
7 years$22,993$21,450$20,006$18,658$17,399$13,293
8 years$19,916$18,386$16,967$15,652$14,434$10,549
9 years$17,524$16,009$14,614$13,332$12,155$8,487
10 years$15,611$14,111$12,741$11,492$10,357$6,900
11 years$14,047$12,562$11,217$10,002$8,907$5,655
12 years$12,745$11,275$9,954$8,773$7,719$4,664
13 years$11,644$10,189$8,894$7,745$6,731$3,867
14 years$10,701$9,262$7,991$6,875$5,900$3,219
15 years$9,885$8,461$7,215$6,131$5,195$2,689
16 years$9,171$7,763$6,541$5,490$4,592$2,253
17 years$8,542$7,149$5,952$4,933$4,071$1,891
18 years$7,983$6,606$5,434$4,445$3,620$1,591
19 years$7,484$6,122$4,974$4,017$3,226$1,340
20 years$7,035$5,689$4,565$3,638$2,882$1,131
21 years$6,630$5,299$4,199$3,302$2,579$955
22 years$6,262$4,947$3,870$3,002$2,312$807
23 years$5,926$4,627$3,573$2,734$2,075$683
24 years$5,619$4,335$3,305$2,494$1,865$578
25 years$5,337$4,068$3,061$2,277$1,678$490
26 years$5,077$3,823$2,839$2,082$1,512$415
27 years$4,836$3,598$2,636$1,906$1,363$352
28 years$4,614$3,391$2,451$1,746$1,230$298
29 years$4,407$3,199$2,280$1,601$1,111$253
30 years$4,214$3,021$2,124$1,470$1,003$215
31 years$4,034$2,856$1,980$1,350$907$182
32 years$3,865$2,702$1,848$1,240$821$155
33 years$3,707$2,559$1,725$1,141$743$131
34 years$3,559$2,425$1,612$1,050$672$111
35 years$3,419$2,300$1,507$966$609$95
36 years$3,288$2,183$1,410$890$552$80
37 years$3,164$2,074$1,320$820$500$68
38 years$3,046$1,971$1,236$756$453$58
39 years$2,935$1,874$1,158$697$411$49
40 years$2,830$1,783$1,085$643$373$42
41 years$2,730$1,697$1,017$593$338$36
42 years$2,635$1,616$954$547$307$30
43 years$2,545$1,540$896$505$279$26
44 years$2,459$1,468$841$466$253$22
45 years$2,378$1,400$789$431$230$19
46 years$2,300$1,335$741$398$208$16
47 years$2,225$1,274$697$368$189$13
48 years$2,154$1,217$655$340$172$11
49 years$2,086$1,162$615$314$156$10
50 years$2,021$1,110$578$290$142$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,070,000, adding $5,154 every year, while hoping to spend $55,246 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: 69/9/22 Blend
49$2,070,000$2,070,000$2,070,000$2,070,000
50$2,286,456$2,176,746$2,144,661$2,431,277
51$2,460,894$2,224,626$2,157,726$2,576,673
52$2,651,272$2,272,999$2,169,377$2,728,801
53$2,859,159$2,321,833$2,179,508$2,893,945
54$3,086,280$2,371,090$2,188,009$3,073,388
55$3,334,535$2,420,729$2,194,762$3,268,545
56$3,606,017$2,470,703$2,199,645$3,480,975
57$3,903,027$2,520,964$2,202,530$3,712,394
58$4,228,102$2,571,457$2,203,281$3,964,696
59$4,584,034$2,622,124$2,201,756$4,239,965
60$4,973,898$2,672,901$2,197,808$4,540,501
61$5,401,080$2,723,718$2,191,279$4,868,836
62$5,869,310$2,774,500$2,182,007$5,227,763
63$6,382,695$2,825,166$2,169,820$5,620,357
64$6,945,759$2,875,628$2,154,538$6,050,010
65$7,563,485$2,925,792$2,135,973$6,520,458
66$8,241,360$2,975,556$2,113,927$7,035,821
67$8,985,430$3,024,809$2,088,195$7,600,639
68$9,802,353$3,073,434$2,058,560$8,219,913
69$10,699,466$3,121,306$2,024,794$8,899,160
70$11,684,849$3,168,286$1,986,662$9,644,456
71$12,767,402$3,214,232$1,943,914$10,462,501
72$13,956,933$3,258,985$1,896,291$11,360,677
73$15,264,245$3,302,380$1,843,521$12,347,121
74$16,701,240$3,344,238$1,785,321$13,430,802
75$18,281,029$3,384,368$1,721,392$14,621,606
76$20,018,059$3,422,567$1,651,423$15,930,426
77$21,928,245$3,458,617$1,575,090$17,369,272
78$24,029,123$3,492,287$1,492,053$18,951,377
79$26,340,013$3,523,328$1,401,956$20,691,328
80$28,882,201$3,551,478$1,304,429$22,605,203
81$31,679,141$3,576,456$1,199,082$24,710,720
82$34,756,674$3,597,963$1,085,512$27,027,408
83$38,143,273$3,615,681$963,294$29,576,792
84$41,870,309$3,629,271$831,987$32,382,593
85$45,972,350$3,638,375$691,128$35,470,959
86$50,487,484$3,642,610$540,236$38,870,705
87$55,457,680$3,641,570$378,806$42,613,591
88$60,929,180$3,634,824$206,313$46,734,618
89$66,952,941$3,621,915$22,208$51,272,365
90$73,585,108$3,602,355$0$56,269,350
91$80,887,549$3,575,631$0$61,813,337
92$88,928,437$3,541,195$0$67,923,287
93$97,782,892$3,498,468$0$74,651,045
94$107,533,690$3,446,836$0$82,059,493
95$118,272,043$3,385,647$0$90,217,924
96$130,098,460$3,314,213$0$99,202,699
97$143,123,696$3,231,802$0$109,097,962
98$157,469,794$3,137,642$0$119,996,439
99$173,271,240$3,030,914$0$132,000,311
100$190,676,229$2,910,751$0$145,222,180