Can I retire at age 50 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$161,029$159,595$158,195$156,829$155,496$150,760
2 years$79,717$78,233$76,794$75,399$74,046$69,315
3 years$52,617$51,126$49,691$48,309$46,978$42,400
4 years$39,070$37,583$36,162$34,804$33,505$29,116
5 years$30,943$29,466$28,063$26,733$25,470$21,282
6 years$25,527$24,061$22,679$21,378$20,153$16,170
7 years$21,660$20,206$18,847$17,576$16,390$12,610
8 years$18,761$17,320$15,983$14,744$13,597$10,019
9 years$16,508$15,081$13,767$12,559$11,451$8,070
10 years$14,706$13,293$12,002$10,826$9,757$6,569
11 years$13,233$11,834$10,566$9,422$8,391$5,391
12 years$12,006$10,621$9,377$8,264$7,271$4,452
13 years$10,969$9,599$8,378$7,296$6,341$3,696
14 years$10,081$8,725$7,528$6,477$5,558$3,082
15 years$9,312$7,970$6,797$5,776$4,894$2,578
16 years$8,639$7,313$6,162$5,172$4,325$2,162
17 years$8,047$6,735$5,607$4,647$3,835$1,818
18 years$7,520$6,223$5,119$4,188$3,410$1,532
19 years$7,050$5,768$4,686$3,784$3,039$1,292
20 years$6,627$5,359$4,300$3,427$2,715$1,092
21 years$6,245$4,992$3,956$3,110$2,430$924
22 years$5,899$4,660$3,646$2,828$2,178$782
23 years$5,583$4,358$3,366$2,575$1,955$663
24 years$5,293$4,084$3,113$2,349$1,757$562
25 years$5,027$3,832$2,883$2,145$1,581$477
26 years$4,782$3,602$2,674$1,961$1,424$405
27 years$4,556$3,390$2,483$1,795$1,284$343
28 years$4,346$3,194$2,308$1,645$1,159$292
29 years$4,151$3,013$2,148$1,508$1,046$248
30 years$3,969$2,846$2,001$1,384$945$211
31 years$3,800$2,690$1,865$1,271$855$179
32 years$3,641$2,545$1,741$1,169$773$152
33 years$3,492$2,410$1,625$1,075$700$129
34 years$3,352$2,285$1,518$989$633$110
35 years$3,221$2,167$1,420$910$574$94
36 years$3,097$2,057$1,328$838$520$80
37 years$2,980$1,953$1,243$772$471$68
38 years$2,870$1,856$1,164$712$427$58
39 years$2,765$1,765$1,091$656$387$49
40 years$2,666$1,679$1,022$605$351$42
41 years$2,572$1,599$958$559$319$36
42 years$2,483$1,523$899$515$289$30
43 years$2,398$1,451$844$476$262$26
44 years$2,317$1,383$792$439$238$22
45 years$2,240$1,319$744$406$216$19
46 years$2,166$1,258$698$375$196$16
47 years$2,096$1,200$656$346$178$13
48 years$2,029$1,146$617$320$162$11
49 years$1,965$1,094$580$296$147$10
50 years$1,904$1,045$545$273$134$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,950,000, adding $2,697 every year, while hoping to spend $27,372 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: 65/8/27 Blend
49$1,950,000$1,950,000$1,950,000$1,950,000
50$2,151,682$2,048,332$2,018,107$2,276,068
51$2,342,030$2,119,577$2,056,590$2,431,661
52$2,550,876$2,193,395$2,095,445$2,598,367
53$2,780,078$2,269,884$2,134,655$2,779,980
54$3,031,683$2,349,145$2,174,202$2,977,968
55$3,307,944$2,431,283$2,214,068$3,193,952
56$3,611,346$2,516,407$2,254,230$3,429,711
57$3,944,623$2,604,631$2,294,667$3,687,210
58$4,310,789$2,696,073$2,335,353$3,968,610
59$4,713,165$2,790,855$2,376,263$4,276,291
60$5,155,407$2,889,106$2,417,367$4,612,878
61$5,641,545$2,990,959$2,458,635$4,981,258
62$6,176,018$3,096,552$2,500,035$5,384,614
63$6,763,717$3,206,028$2,541,532$5,826,452
64$7,410,031$3,319,538$2,583,087$6,310,633
65$8,120,895$3,437,236$2,624,662$6,841,412
66$8,902,851$3,559,286$2,666,213$7,423,477
67$9,763,106$3,685,855$2,707,695$8,061,991
68$10,709,601$3,817,119$2,749,061$8,762,642
69$11,751,083$3,953,261$2,790,257$9,531,700
70$12,897,193$4,094,471$2,831,231$10,376,070
71$14,158,553$4,240,946$2,871,923$11,303,360
72$15,546,866$4,392,893$2,912,273$12,321,954
73$17,075,027$4,550,525$2,952,215$13,441,090
74$18,757,245$4,714,067$2,991,679$14,670,943
75$20,609,178$4,883,749$3,030,594$16,022,730
76$22,648,076$5,059,816$3,068,881$17,508,805
77$24,892,950$5,242,517$3,106,459$19,142,785
78$27,364,747$5,432,116$3,143,241$20,939,670
79$30,086,547$5,628,886$3,179,136$22,915,993
80$33,083,785$5,833,111$3,214,047$25,089,968
81$36,384,486$6,045,088$3,247,872$27,481,667
82$40,019,532$6,265,126$3,280,505$30,113,206
83$44,022,954$6,493,547$3,311,831$33,008,958
84$48,432,249$6,730,685$3,341,732$36,195,777
85$53,288,740$6,976,890$3,370,081$39,703,256
86$58,637,960$7,232,526$3,396,747$43,564,005
87$64,530,084$7,497,971$3,421,590$47,813,957
88$71,020,402$7,773,622$3,444,463$52,492,709
89$78,169,843$8,059,889$3,465,212$57,643,896
90$86,045,545$8,357,202$3,483,675$63,315,601
91$94,721,494$8,666,008$3,499,682$69,560,808
92$104,279,218$8,986,774$3,513,053$76,437,907
93$114,808,558$9,319,986$3,523,600$84,011,239
94$126,408,516$9,666,150$3,531,125$92,351,706
95$139,188,188$10,025,795$3,535,422$101,537,442
96$153,267,796$10,399,472$3,536,271$111,654,546
97$168,779,820$10,787,755$3,533,445$122,797,898
98$185,870,250$11,191,243$3,526,703$135,072,055
99$204,699,962$11,610,561$3,515,795$148,592,236
100$225,446,240$12,046,360$3,500,456$163,485,409