Can I retire at age 50 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$163,507$162,050$160,629$159,242$157,888$152,105
2 years$80,944$79,436$77,975$76,559$75,185$69,422
3 years$53,427$51,913$50,455$49,052$47,700$42,140
4 years$39,671$38,161$36,718$35,339$34,020$28,705
5 years$31,419$29,919$28,495$27,144$25,862$20,805
6 years$25,920$24,431$23,028$21,707$20,463$15,669
7 years$21,994$20,517$19,137$17,847$16,642$12,109
8 years$19,050$17,587$16,229$14,971$13,806$9,530
9 years$16,762$15,313$13,978$12,752$11,627$7,602
10 years$14,932$13,497$12,187$10,992$9,907$6,126
11 years$13,437$12,016$10,729$9,567$8,520$4,975
12 years$12,191$10,785$9,522$8,391$7,383$4,066
13 years$11,138$9,746$8,507$7,408$6,438$3,339
14 years$10,236$8,859$7,644$6,576$5,644$2,752
15 years$9,455$8,093$6,901$5,865$4,969$2,276
16 years$8,772$7,425$6,257$5,251$4,392$1,888
17 years$8,170$6,838$5,693$4,718$3,894$1,569
18 years$7,636$6,319$5,197$4,252$3,463$1,306
19 years$7,159$5,856$4,758$3,842$3,086$1,088
20 years$6,729$5,442$4,367$3,480$2,757$908
21 years$6,342$5,069$4,016$3,158$2,467$759
22 years$5,989$4,732$3,702$2,871$2,211$635
23 years$5,668$4,425$3,418$2,615$1,985$531
24 years$5,375$4,146$3,161$2,385$1,784$445
25 years$5,105$3,891$2,928$2,178$1,605$372
26 years$4,856$3,657$2,715$1,992$1,446$312
27 years$4,626$3,442$2,521$1,823$1,304$261
28 years$4,413$3,243$2,344$1,670$1,176$219
29 years$4,215$3,059$2,181$1,532$1,062$184
30 years$4,030$2,889$2,032$1,406$960$154
31 years$3,858$2,731$1,894$1,291$868$129
32 years$3,697$2,584$1,767$1,186$785$109
33 years$3,546$2,448$1,650$1,091$710$91
34 years$3,404$2,320$1,542$1,004$643$76
35 years$3,270$2,200$1,441$924$583$64
36 years$3,145$2,088$1,348$851$528$54
37 years$3,026$1,983$1,262$784$478$45
38 years$2,914$1,885$1,182$723$434$38
39 years$2,808$1,792$1,107$666$393$32
40 years$2,707$1,705$1,038$615$357$27
41 years$2,612$1,623$973$567$324$22
42 years$2,521$1,546$913$523$294$19
43 years$2,435$1,473$857$483$267$16
44 years$2,353$1,404$804$446$242$13
45 years$2,274$1,339$755$412$220$11
46 years$2,200$1,277$709$381$199$9
47 years$2,129$1,219$666$352$181$8
48 years$2,060$1,164$626$325$164$7
49 years$1,995$1,111$588$300$149$6
50 years$1,933$1,061$553$278$136$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,980,000, adding $3,523 every year, while hoping to spend $22,552 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: 24/48/28 Blend
49$1,980,000$1,980,000$1,980,000$1,980,000
50$2,185,594$2,080,654$2,049,964$2,218,707
51$2,384,529$2,158,611$2,094,643$2,325,089
52$2,603,000$2,239,632$2,140,062$2,436,852
53$2,842,976$2,323,843$2,186,224$2,556,126
54$3,106,624$2,411,377$2,233,127$2,683,550
55$3,396,336$2,502,370$2,280,773$2,819,825
56$3,714,742$2,596,966$2,329,158$2,965,719
57$4,064,743$2,695,314$2,378,282$3,122,074
58$4,449,533$2,797,571$2,428,142$3,289,812
59$4,872,634$2,903,900$2,478,732$3,469,946
60$5,337,921$3,014,470$2,530,049$3,663,585
61$5,849,669$3,129,459$2,582,085$3,871,947
62$6,412,584$3,249,052$2,634,834$4,096,368
63$7,031,854$3,373,441$2,688,287$4,338,314
64$7,713,192$3,502,829$2,742,434$4,599,396
65$8,462,896$3,637,426$2,797,264$4,881,381
66$9,287,903$3,777,451$2,852,763$5,186,212
67$10,195,857$3,923,134$2,908,919$5,516,021
68$11,195,180$4,074,714$2,965,714$5,873,152
69$12,295,154$4,232,440$3,023,131$6,260,181
70$13,506,005$4,396,575$3,081,150$6,679,937
71$14,838,999$4,567,389$3,139,751$7,135,532
72$16,306,554$4,745,168$3,198,909$7,630,386
73$17,922,350$4,930,208$3,258,600$8,168,259
74$19,701,461$5,122,820$3,318,795$8,753,287
75$21,660,499$5,323,327$3,379,463$9,390,018
76$23,817,768$5,532,068$3,440,573$10,083,453
77$26,193,437$5,749,396$3,502,089$10,839,095
78$28,809,731$5,975,681$3,563,973$11,662,996
79$31,691,142$6,211,307$3,626,184$12,561,817
80$34,864,654$6,456,677$3,688,678$13,542,884
81$38,360,008$6,712,213$3,751,407$14,614,261
82$42,209,970$6,978,353$3,814,321$15,784,822
83$46,450,652$7,255,557$3,877,365$17,064,333
84$51,121,845$7,544,306$3,940,483$18,463,543
85$56,267,395$7,845,099$4,003,612$19,994,282
86$61,935,623$8,158,462$4,066,686$21,669,576
87$68,179,771$8,484,941$4,129,634$23,503,762
88$75,058,514$8,825,110$4,192,384$25,512,625
89$82,636,508$9,179,565$4,254,854$27,713,542
90$90,985,000$9,548,933$4,316,960$30,125,649
91$100,182,506$9,933,866$4,378,614$32,770,013
92$110,315,543$10,335,047$4,439,719$35,669,834
93$121,479,455$10,753,191$4,500,176$38,850,659
94$133,779,305$11,189,043$4,559,878$42,340,620
95$147,330,872$11,643,384$4,618,711$46,170,698
96$162,261,740$12,117,029$4,676,557$50,375,012
97$178,712,504$12,610,830$4,733,289$54,991,142
98$196,838,099$13,125,680$4,788,773$60,060,473
99$216,809,257$13,662,511$4,842,869$65,628,590
100$238,814,124$14,222,297$4,895,428$71,745,703