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

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$170,939$169,416$167,930$166,481$165,065$162,197
2 years$84,623$83,047$81,520$80,039$78,602$75,722
3 years$55,855$54,272$52,749$51,282$49,868$47,066
4 years$41,474$39,896$38,387$36,945$35,567$32,863
5 years$32,847$31,279$29,790$28,378$27,037$24,441
6 years$27,098$25,541$24,075$22,694$21,394$18,907
7 years$22,993$21,450$20,006$18,658$17,399$15,023
8 years$19,916$18,386$16,967$15,652$14,434$12,168
9 years$17,524$16,009$14,614$13,332$12,155$9,998
10 years$15,611$14,111$12,741$11,492$10,357$8,306
11 years$14,047$12,562$11,217$10,002$8,907$6,961
12 years$12,745$11,275$9,954$8,773$7,719$5,875
13 years$11,644$10,189$8,894$7,745$6,731$4,986
14 years$10,701$9,262$7,991$6,875$5,900$4,252
15 years$9,885$8,461$7,215$6,131$5,195$3,640
16 years$9,171$7,763$6,541$5,490$4,592$3,126
17 years$8,542$7,149$5,952$4,933$4,071$2,692
18 years$7,983$6,606$5,434$4,445$3,620$2,323
19 years$7,484$6,122$4,974$4,017$3,226$2,009
20 years$7,035$5,689$4,565$3,638$2,882$1,740
21 years$6,630$5,299$4,199$3,302$2,579$1,510
22 years$6,262$4,947$3,870$3,002$2,312$1,311
23 years$5,926$4,627$3,573$2,734$2,075$1,140
24 years$5,619$4,335$3,305$2,494$1,865$992
25 years$5,337$4,068$3,061$2,277$1,678$864
26 years$5,077$3,823$2,839$2,082$1,512$753
27 years$4,836$3,598$2,636$1,906$1,363$657
28 years$4,614$3,391$2,451$1,746$1,230$573
29 years$4,407$3,199$2,280$1,601$1,111$500
30 years$4,214$3,021$2,124$1,470$1,003$437
31 years$4,034$2,856$1,980$1,350$907$382
32 years$3,865$2,702$1,848$1,240$821$334
33 years$3,707$2,559$1,725$1,141$743$292
34 years$3,559$2,425$1,612$1,050$672$255
35 years$3,419$2,300$1,507$966$609$223
36 years$3,288$2,183$1,410$890$552$195
37 years$3,164$2,074$1,320$820$500$171
38 years$3,046$1,971$1,236$756$453$149
39 years$2,935$1,874$1,158$697$411$131
40 years$2,830$1,783$1,085$643$373$114
41 years$2,730$1,697$1,017$593$338$100
42 years$2,635$1,616$954$547$307$87
43 years$2,545$1,540$896$505$279$77
44 years$2,459$1,468$841$466$253$67
45 years$2,378$1,400$789$431$230$59
46 years$2,300$1,335$741$398$208$51
47 years$2,225$1,274$697$368$189$45
48 years$2,154$1,217$655$340$172$39
49 years$2,086$1,162$615$314$156$34
50 years$2,021$1,110$578$290$142$30

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 $5,942 every year, while hoping to spend $59,867 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: 57/37/6 Blend
49$2,070,000$2,070,000$2,070,000$2,070,000
50$2,287,269$2,177,559$2,145,474$2,414,462
51$2,456,873$2,220,562$2,153,650$2,543,661
52$2,641,769$2,263,665$2,160,092$2,677,088
53$2,843,455$2,306,810$2,164,681$2,820,967
54$3,063,579$2,349,935$2,167,289$2,976,302
55$3,303,952$2,392,970$2,167,782$3,144,197
56$3,566,573$2,435,843$2,166,020$3,325,868
57$3,853,638$2,478,473$2,161,856$3,522,657
58$4,167,566$2,520,776$2,155,135$3,736,039
59$4,511,022$2,562,658$2,145,697$3,967,643
60$4,886,939$2,604,021$2,133,370$4,219,263
61$5,298,547$2,644,759$2,117,978$4,492,875
62$5,749,403$2,684,756$2,099,335$4,790,658
63$6,243,424$2,723,891$2,077,245$5,115,013
64$6,784,924$2,762,033$2,051,503$5,468,586
65$7,378,655$2,799,040$2,021,896$5,854,295
66$8,029,848$2,834,764$1,988,200$6,275,354
67$8,744,268$2,869,042$1,950,181$6,735,307
68$9,528,263$2,901,705$1,907,591$7,238,060
69$10,388,826$2,932,569$1,860,176$7,787,919
70$11,333,660$2,961,439$1,807,666$8,389,630
71$12,371,250$2,988,106$1,749,779$9,048,426
72$13,510,943$3,012,349$1,686,222$9,770,073
73$14,763,036$3,033,931$1,616,688$10,560,929
74$16,138,874$3,052,601$1,540,855$11,428,002
75$17,650,952$3,068,091$1,458,386$12,379,018
76$19,313,038$3,080,117$1,368,931$13,422,492
77$21,140,300$3,088,375$1,272,122$14,567,811
78$23,149,448$3,092,543$1,167,576$15,825,325
79$25,358,895$3,092,280$1,054,893$17,206,439
80$27,788,923$3,087,223$933,653$18,723,731
81$30,461,882$3,076,986$803,419$20,391,060
82$33,402,395$3,061,159$663,734$22,223,707
83$36,637,592$3,039,309$514,123$24,238,517
84$40,197,367$3,010,975$354,086$26,454,056
85$44,114,654$2,975,669$183,104$28,890,793
86$48,425,746$2,932,874$635$31,571,288
87$53,170,628$2,882,041$0$34,520,410
88$58,393,359$2,822,588$0$37,778,001
89$64,142,488$2,753,902$0$41,362,702
90$70,471,508$2,675,329$0$45,307,823
91$77,439,363$2,586,181$0$49,650,119
92$85,111,001$2,485,726$0$54,430,105
93$93,557,990$2,373,194$0$59,692,436
94$102,859,190$2,247,766$0$65,486,330
95$113,101,499$2,108,578$0$71,866,034
96$124,380,669$1,954,715$0$78,891,341
97$136,802,214$1,785,213$0$86,628,153
98$150,482,399$1,599,048$0$95,149,105
99$165,549,344$1,395,141$0$104,534,254
100$182,144,226$1,172,352$0$114,871,836