Can I retire at age 50 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$161,855$160,413$159,007$157,634$156,293$154,661
2 years$80,126$78,634$77,188$75,785$74,425$72,782
3 years$52,887$51,388$49,946$48,556$47,218$45,614
4 years$39,270$37,776$36,348$34,982$33,677$32,124
5 years$31,102$29,617$28,207$26,870$25,600$24,105
6 years$25,658$24,184$22,796$21,488$20,257$18,819
7 years$21,771$20,310$18,943$17,666$16,474$15,095
8 years$18,858$17,409$16,065$14,820$13,667$12,347
9 years$16,593$15,158$13,837$12,623$11,510$10,248
10 years$14,782$13,361$12,064$10,881$9,807$8,603
11 years$13,301$11,894$10,621$9,470$8,434$7,286
12 years$12,068$10,676$9,425$8,307$7,309$6,216
13 years$11,025$9,648$8,421$7,333$6,373$5,335
14 years$10,132$8,770$7,566$6,510$5,587$4,601
15 years$9,359$8,011$6,831$5,806$4,919$3,985
16 years$8,684$7,350$6,194$5,198$4,348$3,463
17 years$8,088$6,769$5,636$4,671$3,855$3,018
18 years$7,559$6,255$5,145$4,209$3,428$2,637
19 years$7,086$5,797$4,710$3,803$3,055$2,309
20 years$6,661$5,387$4,323$3,445$2,729$2,025
21 years$6,278$5,018$3,976$3,126$2,442$1,780
22 years$5,929$4,684$3,664$2,842$2,189$1,566
23 years$5,611$4,381$3,383$2,589$1,965$1,379
24 years$5,320$4,104$3,129$2,361$1,766$1,217
25 years$5,053$3,852$2,898$2,156$1,589$1,074
26 years$4,807$3,620$2,688$1,972$1,431$949
27 years$4,579$3,407$2,496$1,805$1,291$839
28 years$4,368$3,210$2,320$1,653$1,165$742
29 years$4,172$3,029$2,159$1,516$1,052$657
30 years$3,990$2,860$2,011$1,392$950$582
31 years$3,819$2,704$1,875$1,278$859$515
32 years$3,660$2,558$1,749$1,174$777$457
33 years$3,510$2,423$1,633$1,080$703$405
34 years$3,370$2,296$1,526$994$637$359
35 years$3,237$2,178$1,427$915$577$318
36 years$3,113$2,067$1,335$843$522$283
37 years$2,995$1,963$1,249$776$474$251
38 years$2,884$1,866$1,170$715$429$223
39 years$2,779$1,774$1,096$660$389$198
40 years$2,680$1,688$1,027$608$353$175
41 years$2,585$1,607$963$561$320$156
42 years$2,495$1,530$904$518$291$138
43 years$2,410$1,458$848$478$264$123
44 years$2,329$1,390$796$442$239$109
45 years$2,251$1,325$747$408$217$97
46 years$2,178$1,264$702$377$197$86
47 years$2,107$1,207$660$348$179$77
48 years$2,040$1,152$620$322$163$68
49 years$1,975$1,100$583$297$148$60
50 years$1,914$1,051$548$275$134$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,960,000, adding $4,677 every year, while hoping to spend $58,681 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: 64/26/10 Blend
49$1,960,000$1,960,000$1,960,000$1,960,000
50$2,164,744$2,060,864$2,030,484$2,298,289
51$2,323,112$2,099,411$2,036,069$2,426,546
52$2,495,667$2,137,879$2,039,875$2,559,290
53$2,683,793$2,176,203$2,041,779$2,702,787
54$2,889,016$2,214,313$2,041,655$2,858,078
55$3,113,013$2,252,132$2,039,367$3,026,312
56$3,357,631$2,289,577$2,034,777$3,208,756
57$3,624,904$2,326,561$2,027,736$3,406,804
58$3,917,069$2,362,987$2,018,091$3,621,993
59$4,236,592$2,398,755$2,005,678$3,856,018
60$4,586,185$2,433,755$1,990,329$4,110,744
61$4,968,837$2,467,870$1,971,867$4,388,228
62$5,387,837$2,500,975$1,950,103$4,690,739
63$5,846,810$2,532,936$1,924,845$5,020,774
64$6,349,743$2,563,609$1,895,886$5,381,089
65$6,901,033$2,592,842$1,863,014$5,774,718
66$7,505,518$2,620,471$1,826,005$6,205,007
67$8,168,529$2,646,322$1,784,624$6,675,644
68$8,895,937$2,670,209$1,738,627$7,190,694
69$9,694,208$2,691,935$1,687,757$7,754,638
70$10,570,466$2,711,289$1,631,745$8,372,414
71$11,532,557$2,728,045$1,570,311$9,049,467
72$12,589,124$2,741,965$1,503,163$9,791,797
73$13,749,688$2,752,795$1,429,993$10,606,018
74$15,024,739$2,760,265$1,350,480$11,499,423
75$16,425,831$2,764,087$1,264,290$12,480,046
76$17,965,695$2,763,956$1,171,073$13,556,749
77$19,658,355$2,759,549$1,070,463$14,739,295
78$21,519,260$2,750,520$962,077$16,038,449
79$23,565,434$2,736,505$845,516$17,466,075
80$25,815,632$2,717,117$720,364$19,035,253
81$28,290,514$2,691,944$586,184$20,760,399
82$31,012,848$2,660,551$442,523$22,657,403
83$34,007,717$2,622,475$288,905$24,743,781
84$37,302,755$2,577,228$124,835$27,038,840
85$40,928,415$2,524,291$0$29,563,862
86$44,918,246$2,463,114$0$32,347,667
87$49,309,217$2,393,117$0$35,425,312
88$54,142,061$2,313,682$0$38,812,023
89$59,461,658$2,224,160$0$42,539,276
90$65,317,463$2,123,860$0$46,641,762
91$71,763,968$2,012,052$0$51,157,713
92$78,861,216$1,887,967$0$56,129,268
93$86,675,369$1,750,786$0$61,602,865
94$95,279,331$1,599,648$0$67,629,687
95$104,753,433$1,433,642$0$74,266,141
96$115,186,196$1,251,803$0$81,574,396
97$126,675,159$1,053,113$0$89,622,967
98$139,327,806$836,496$0$98,487,366
99$153,262,574$600,816$0$108,250,814
100$168,609,974$344,873$0$119,005,030