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%13.6%
1 years$170,939$169,416$167,930$166,481$165,065$162,598
2 years$84,623$83,047$81,520$80,039$78,602$76,123
3 years$55,855$54,272$52,749$51,282$49,868$47,453
4 years$41,474$39,896$38,387$36,945$35,567$33,234
5 years$32,847$31,279$29,790$28,378$27,037$24,794
6 years$27,098$25,541$24,075$22,694$21,394$19,243
7 years$22,993$21,450$20,006$18,658$17,399$15,341
8 years$19,916$18,386$16,967$15,652$14,434$12,469
9 years$17,524$16,009$14,614$13,332$12,155$10,282
10 years$15,611$14,111$12,741$11,492$10,357$8,574
11 years$14,047$12,562$11,217$10,002$8,907$7,213
12 years$12,745$11,275$9,954$8,773$7,719$6,110
13 years$11,644$10,189$8,894$7,745$6,731$5,207
14 years$10,701$9,262$7,991$6,875$5,900$4,458
15 years$9,885$8,461$7,215$6,131$5,195$3,832
16 years$9,171$7,763$6,541$5,490$4,592$3,304
17 years$8,542$7,149$5,952$4,933$4,071$2,858
18 years$7,983$6,606$5,434$4,445$3,620$2,477
19 years$7,484$6,122$4,974$4,017$3,226$2,152
20 years$7,035$5,689$4,565$3,638$2,882$1,872
21 years$6,630$5,299$4,199$3,302$2,579$1,632
22 years$6,262$4,947$3,870$3,002$2,312$1,424
23 years$5,926$4,627$3,573$2,734$2,075$1,244
24 years$5,619$4,335$3,305$2,494$1,865$1,087
25 years$5,337$4,068$3,061$2,277$1,678$952
26 years$5,077$3,823$2,839$2,082$1,512$833
27 years$4,836$3,598$2,636$1,906$1,363$730
28 years$4,614$3,391$2,451$1,746$1,230$640
29 years$4,407$3,199$2,280$1,601$1,111$562
30 years$4,214$3,021$2,124$1,470$1,003$493
31 years$4,034$2,856$1,980$1,350$907$433
32 years$3,865$2,702$1,848$1,240$821$380
33 years$3,707$2,559$1,725$1,141$743$334
34 years$3,559$2,425$1,612$1,050$672$293
35 years$3,419$2,300$1,507$966$609$258
36 years$3,288$2,183$1,410$890$552$227
37 years$3,164$2,074$1,320$820$500$199
38 years$3,046$1,971$1,236$756$453$175
39 years$2,935$1,874$1,158$697$411$154
40 years$2,830$1,783$1,085$643$373$136
41 years$2,730$1,697$1,017$593$338$119
42 years$2,635$1,616$954$547$307$105
43 years$2,545$1,540$896$505$279$92
44 years$2,459$1,468$841$466$253$81
45 years$2,378$1,400$789$431$230$71
46 years$2,300$1,335$741$398$208$63
47 years$2,225$1,274$697$368$189$55
48 years$2,154$1,217$655$340$172$49
49 years$2,086$1,162$615$314$156$43
50 years$2,021$1,110$578$290$142$38

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 $2,770 every year, while hoping to spend $32,130 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: 82/12/6 Blend
49$2,070,000$2,070,000$2,070,000$2,070,000
50$2,283,997$2,174,287$2,142,202$2,470,187
51$2,482,779$2,246,641$2,179,780$2,664,643
52$2,700,759$2,321,464$2,217,540$2,873,477
53$2,939,863$2,398,842$2,255,454$3,101,734
54$3,202,210$2,478,866$2,293,492$3,351,338
55$3,490,134$2,561,629$2,331,622$3,624,409
56$3,806,207$2,647,228$2,369,811$3,923,280
57$4,153,262$2,735,764$2,408,022$4,250,522
58$4,534,420$2,827,342$2,446,216$4,608,966
59$4,953,118$2,922,068$2,484,351$5,001,730
60$5,413,143$3,020,057$2,522,384$5,432,246
61$5,918,666$3,121,423$2,560,267$5,904,297
62$6,474,285$3,226,287$2,597,951$6,422,048
63$7,085,063$3,334,775$2,635,382$6,990,087
64$7,756,577$3,447,017$2,672,505$7,613,468
65$8,494,974$3,563,147$2,709,260$8,297,759
66$9,307,025$3,683,305$2,745,584$9,049,091
67$10,200,190$3,807,636$2,781,410$9,874,220
68$11,182,690$3,936,291$2,816,668$10,780,589
69$12,263,580$4,069,425$2,851,282$11,776,397
70$13,452,840$4,207,201$2,885,174$12,870,677
71$14,761,462$4,349,786$2,918,260$14,073,378
72$16,201,561$4,497,356$2,950,452$15,395,465
73$17,786,485$4,650,091$2,981,657$16,849,016
74$19,530,941$4,808,180$3,011,777$18,447,339
75$21,451,134$4,971,818$3,040,708$20,205,096
76$23,564,920$5,141,207$3,068,342$22,138,441
77$25,891,973$5,316,558$3,094,563$24,265,173
78$28,453,974$5,498,089$3,119,251$26,604,902
79$31,274,811$5,686,027$3,142,278$29,179,237
80$34,380,808$5,880,608$3,163,509$32,011,985
81$37,800,969$6,082,076$3,182,806$35,129,379
82$41,567,256$6,290,686$3,200,018$38,560,323
83$45,714,887$6,506,701$3,214,990$42,336,668
84$50,282,672$6,730,396$3,227,558$46,493,505
85$55,313,375$6,962,055$3,237,551$51,069,504
86$60,854,117$7,201,974$3,244,788$56,107,273
87$66,956,827$7,450,461$3,249,078$61,653,764
88$73,678,725$7,707,835$3,250,224$67,760,709
89$81,082,864$7,974,428$3,248,015$74,485,118
90$89,238,725$8,250,584$3,242,233$81,889,804
91$98,222,875$8,536,662$3,232,647$90,043,989
92$108,119,684$8,833,035$3,219,017$99,023,945
93$119,022,128$9,140,090$3,201,090$108,913,721
94$131,032,659$9,458,228$3,178,601$119,805,933
95$144,264,179$9,787,870$3,151,272$131,802,638
96$158,841,098$10,129,448$3,118,813$145,016,296
97$174,900,515$10,483,416$3,080,918$159,570,833
98$192,593,507$10,850,243$3,037,269$175,602,809
99$212,086,559$11,230,419$2,987,531$193,262,706
100$233,563,130$11,624,452$2,931,356$212,716,349