Can I retire at age 50 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$159,378$157,958$156,573$155,221$153,901$151,165
2 years$78,900$77,430$76,006$74,625$73,286$70,539
3 years$52,077$50,602$49,181$47,813$46,496$43,823
4 years$38,669$37,198$35,791$34,447$33,161$30,583
5 years$30,626$29,163$27,775$26,458$25,209$22,733
6 years$25,265$23,814$22,447$21,159$19,947$17,576
7 years$21,438$19,999$18,653$17,396$16,222$13,958
8 years$18,569$17,143$15,819$14,593$13,458$11,299
9 years$16,339$14,926$13,625$12,430$11,333$9,278
10 years$14,555$13,156$11,879$10,715$9,657$7,704
11 years$13,097$11,712$10,458$9,325$8,305$6,452
12 years$11,883$10,512$9,281$8,179$7,197$5,442
13 years$10,857$9,500$8,292$7,221$6,276$4,616
14 years$9,977$8,635$7,451$6,410$5,501$3,933
15 years$9,216$7,889$6,727$5,717$4,844$3,364
16 years$8,551$7,238$6,099$5,119$4,281$2,887
17 years$7,964$6,666$5,550$4,599$3,796$2,485
18 years$7,443$6,159$5,066$4,145$3,375$2,143
19 years$6,978$5,708$4,638$3,745$3,008$1,852
20 years$6,559$5,305$4,256$3,392$2,687$1,603
21 years$6,181$4,941$3,915$3,078$2,405$1,390
22 years$5,838$4,612$3,608$2,799$2,155$1,206
23 years$5,525$4,314$3,332$2,549$1,935$1,048
24 years$5,239$4,042$3,081$2,325$1,739$911
25 years$4,976$3,793$2,854$2,123$1,565$793
26 years$4,733$3,565$2,647$1,941$1,410$691
27 years$4,509$3,355$2,458$1,777$1,271$602
28 years$4,302$3,161$2,285$1,628$1,147$525
29 years$4,108$2,982$2,126$1,493$1,035$458
30 years$3,929$2,816$1,980$1,370$936$399
31 years$3,761$2,662$1,846$1,258$846$349
32 years$3,604$2,519$1,723$1,157$765$304
33 years$3,456$2,386$1,608$1,064$692$266
34 years$3,318$2,261$1,503$979$627$232
35 years$3,188$2,145$1,405$901$568$203
36 years$3,065$2,036$1,314$830$515$177
37 years$2,950$1,933$1,230$764$466$155
38 years$2,840$1,837$1,152$705$423$135
39 years$2,737$1,747$1,079$650$383$118
40 years$2,639$1,662$1,012$599$348$104
41 years$2,546$1,582$949$553$315$91
42 years$2,457$1,507$890$510$286$79
43 years$2,373$1,436$835$471$260$69
44 years$2,293$1,369$784$435$236$61
45 years$2,217$1,305$736$402$214$53
46 years$2,144$1,245$691$371$194$46
47 years$2,075$1,188$649$343$176$40
48 years$2,008$1,134$610$317$160$35
49 years$1,945$1,083$574$293$146$31
50 years$1,884$1,035$539$271$132$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,930,000, adding $5,959 every year, while hoping to spend $26,014 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: 77/11/12 Blend
49$1,930,000$1,930,000$1,930,000$1,930,000
50$2,133,007$2,030,717$2,000,802$2,291,865
51$2,322,895$2,102,543$2,040,150$2,469,135
52$2,531,279$2,177,017$2,079,944$2,659,564
53$2,760,020$2,254,241$2,120,173$2,867,638
54$3,011,164$2,334,321$2,160,821$3,095,107
55$3,286,969$2,417,369$2,201,874$3,343,897
56$3,589,918$2,503,498$2,243,315$3,616,126
57$3,922,750$2,592,830$2,285,126$3,914,131
58$4,288,481$2,685,489$2,327,288$4,240,481
59$4,690,433$2,781,605$2,369,779$4,598,009
60$5,132,266$2,881,313$2,412,576$4,989,834
61$5,618,014$2,984,754$2,455,655$5,419,390
62$6,152,120$3,092,075$2,498,987$5,890,462
63$6,739,477$3,203,428$2,542,545$6,407,218
64$7,385,481$3,318,973$2,586,296$6,974,248
65$8,096,071$3,438,874$2,630,209$7,596,609
66$8,877,797$3,563,305$2,674,247$8,279,872
67$9,737,869$3,692,444$2,718,372$9,030,174
68$10,684,237$3,826,479$2,762,543$9,854,275
69$11,725,658$3,965,605$2,806,716$10,759,624
70$12,871,779$4,110,024$2,850,846$11,754,426
71$14,133,234$4,259,948$2,894,882$12,847,719
72$15,521,735$4,415,597$2,938,772$14,049,465
73$17,050,192$4,577,201$2,982,460$15,370,634
74$18,732,826$4,744,998$3,025,887$16,823,316
75$20,585,309$4,919,238$3,068,989$18,420,829
76$22,624,910$5,100,180$3,111,700$20,177,850
77$24,870,657$5,288,096$3,153,949$22,110,546
78$27,343,518$5,483,266$3,195,660$24,236,733
79$30,066,597$5,685,986$3,236,754$26,576,039
80$33,065,351$5,896,561$3,277,147$29,150,093
81$36,367,836$6,115,311$3,316,750$31,982,725
82$40,004,963$6,342,569$3,355,469$35,100,192
83$44,010,796$6,578,682$3,393,204$38,531,428
84$48,422,873$6,824,013$3,429,852$42,308,312
85$53,282,555$7,078,939$3,465,301$46,465,972
86$58,635,422$7,343,853$3,499,435$51,043,116
87$64,531,699$7,619,166$3,532,130$56,082,393
88$71,026,734$7,905,307$3,563,259$61,630,803
89$78,181,517$8,202,723$3,592,683$67,740,131
90$86,063,253$8,511,878$3,620,260$74,467,443
91$94,746,004$8,833,259$3,645,838$81,875,618
92$104,311,381$9,167,374$3,669,258$90,033,946
93$114,849,318$9,514,750$3,690,354$99,018,780
94$126,458,916$9,875,941$3,708,948$108,914,255
95$139,249,384$10,251,521$3,724,857$119,813,081
96$153,341,068$10,642,092$3,737,886$131,817,422
97$168,866,583$11,048,281$3,747,832$145,039,856
98$185,972,070$11,470,742$3,754,479$159,604,437
99$204,818,571$11,910,158$3,757,604$175,647,868
100$225,583,551$12,367,242$3,756,970$193,320,789