Can I retire at age 50 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$162,681$161,232$159,818$158,438$157,091$151,037
2 years$80,535$79,035$77,582$76,172$74,805$68,778
3 years$53,157$51,650$50,200$48,804$47,459$41,649
4 years$39,470$37,968$36,533$35,161$33,848$28,299
5 years$31,260$29,768$28,351$27,007$25,731$20,457
6 years$25,789$24,308$22,912$21,598$20,360$15,364
7 years$21,883$20,413$19,040$17,757$16,558$11,839
8 years$18,954$17,498$16,147$14,896$13,737$9,290
9 years$16,677$15,235$13,908$12,688$11,568$7,388
10 years$14,857$13,429$12,125$10,937$9,857$5,934
11 years$13,369$11,955$10,675$9,518$8,477$4,804
12 years$12,129$10,730$9,474$8,349$7,346$3,913
13 years$11,082$9,697$8,464$7,371$6,406$3,202
14 years$10,184$8,814$7,605$6,543$5,615$2,631
15 years$9,407$8,052$6,866$5,835$4,944$2,168
16 years$8,728$7,388$6,225$5,225$4,370$1,791
17 years$8,129$6,804$5,665$4,694$3,875$1,483
18 years$7,598$6,287$5,171$4,231$3,445$1,230
19 years$7,122$5,827$4,734$3,823$3,071$1,021
20 years$6,695$5,414$4,345$3,462$2,743$849
21 years$6,310$5,043$3,996$3,142$2,454$707
22 years$5,959$4,708$3,683$2,857$2,200$589
23 years$5,640$4,403$3,401$2,602$1,975$491
24 years$5,347$4,125$3,145$2,373$1,775$409
25 years$5,079$3,871$2,913$2,167$1,597$341
26 years$4,831$3,639$2,702$1,982$1,439$285
27 years$4,603$3,424$2,509$1,814$1,297$238
28 years$4,391$3,227$2,332$1,662$1,170$199
29 years$4,194$3,044$2,170$1,524$1,057$166
30 years$4,010$2,875$2,022$1,399$955$138
31 years$3,839$2,718$1,885$1,285$863$116
32 years$3,678$2,571$1,758$1,180$781$97
33 years$3,528$2,435$1,642$1,086$707$81
34 years$3,387$2,308$1,534$999$640$68
35 years$3,254$2,189$1,434$919$580$56
36 years$3,129$2,078$1,342$847$525$47
37 years$3,011$1,973$1,256$780$476$39
38 years$2,899$1,875$1,176$719$432$33
39 years$2,793$1,783$1,102$663$391$28
40 years$2,693$1,697$1,033$612$355$23
41 years$2,598$1,615$968$564$322$19
42 years$2,508$1,538$908$521$292$16
43 years$2,422$1,466$852$481$265$13
44 years$2,341$1,397$800$444$241$11
45 years$2,263$1,332$751$410$219$9
46 years$2,189$1,271$706$379$198$8
47 years$2,118$1,213$663$350$180$7
48 years$2,050$1,158$623$323$164$5
49 years$1,985$1,106$586$299$149$5
50 years$1,923$1,056$550$276$135$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,970,000, adding $4,372 every year, while hoping to spend $23,009 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: 39/46/15 Blend
49$1,970,000$1,970,000$1,970,000$1,970,000
50$2,175,450$2,071,040$2,040,505$2,250,350
51$2,372,864$2,148,039$2,084,380$2,381,104
52$2,589,644$2,228,041$2,128,954$2,519,838
53$2,827,739$2,311,167$2,174,226$2,669,350
54$3,089,300$2,397,545$2,220,194$2,830,626
55$3,376,694$2,487,310$2,266,856$3,004,748
56$3,692,529$2,580,600$2,314,208$3,192,903
57$4,039,678$2,677,561$2,362,245$3,396,396
58$4,421,308$2,778,345$2,410,963$3,616,660
59$4,840,906$2,883,108$2,460,355$3,855,269
60$5,302,315$2,992,016$2,510,413$4,113,953
61$5,809,768$3,105,242$2,561,129$4,394,613
62$6,367,929$3,222,964$2,612,492$4,699,338
63$6,981,939$3,345,370$2,664,491$5,030,427
64$7,657,458$3,472,655$2,717,113$5,390,405
65$8,400,726$3,605,022$2,770,344$5,782,049
66$9,218,617$3,742,685$2,824,167$6,208,415
67$10,118,706$3,885,866$2,878,566$6,672,861
68$11,109,336$4,034,796$2,933,520$7,179,083
69$12,199,704$4,189,717$2,989,009$7,731,147
70$13,399,942$4,350,881$3,045,009$8,333,526
71$14,721,214$4,518,552$3,101,495$8,991,141
72$16,175,822$4,693,005$3,158,439$9,709,407
73$17,777,321$4,874,528$3,215,812$10,494,285
74$19,540,647$5,063,419$3,273,581$11,352,333
75$21,482,259$5,259,992$3,331,711$12,290,771
76$23,620,291$5,464,574$3,390,166$13,317,545
77$25,974,729$5,677,506$3,448,904$14,441,401
78$28,567,592$5,899,144$3,507,883$15,671,971
79$31,423,145$6,129,861$3,567,056$17,019,854
80$34,568,127$6,370,045$3,626,373$18,496,722
81$38,032,001$6,620,103$3,685,782$20,115,427
82$41,847,235$6,880,458$3,745,226$21,890,117
83$46,049,607$7,151,554$3,804,645$23,836,374
84$50,678,539$7,433,852$3,863,973$25,971,354
85$55,777,477$7,727,838$3,923,143$28,313,953
86$61,394,293$8,034,015$3,982,081$30,884,977
87$67,581,740$8,352,912$4,040,711$33,707,341
88$74,397,952$8,685,079$4,098,949$36,806,284
89$81,906,989$9,031,093$4,156,709$40,209,601
90$90,179,441$9,391,556$4,213,898$43,947,907
91$99,293,098$9,767,096$4,270,417$48,054,924
92$109,333,682$10,158,371$4,326,164$52,567,794
93$120,395,655$10,566,069$4,381,028$57,527,430
94$132,583,112$10,990,907$4,434,893$62,978,898
95$146,010,764$11,433,636$4,487,636$68,971,842
96$160,805,017$11,895,040$4,539,128$75,560,948
97$177,105,171$12,375,939$4,589,231$82,806,458
98$195,064,729$12,877,190$4,637,800$90,774,736
99$214,852,849$13,399,690$4,684,684$99,538,893
100$236,655,940$13,944,375$4,729,722$109,179,470