Can I retire at age 50 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$164,332$162,869$161,440$160,046$158,685$154,912
2 years$81,353$79,838$78,369$76,945$75,564$71,785
3 years$53,696$52,175$50,710$49,300$47,941$44,274
4 years$39,871$38,354$36,904$35,518$34,192$30,665
5 years$31,578$30,070$28,639$27,281$25,992$22,615
6 years$26,051$24,554$23,145$21,817$20,567$17,343
7 years$22,105$20,621$19,233$17,937$16,726$13,656
8 years$19,146$17,676$16,311$15,047$13,876$10,959
9 years$16,847$15,390$14,049$12,816$11,686$8,919
10 years$15,008$13,565$12,248$11,048$9,957$7,337
11 years$13,504$12,077$10,783$9,615$8,563$6,087
12 years$12,253$10,839$9,570$8,434$7,421$5,084
13 years$11,194$9,796$8,550$7,446$6,471$4,269
14 years$10,288$8,904$7,682$6,609$5,672$3,601
15 years$9,503$8,134$6,936$5,894$4,994$3,049
16 years$8,816$7,463$6,288$5,278$4,414$2,589
17 years$8,212$6,873$5,722$4,742$3,914$2,204
18 years$7,675$6,351$5,224$4,274$3,480$1,880
19 years$7,195$5,886$4,782$3,862$3,102$1,607
20 years$6,763$5,469$4,389$3,497$2,771$1,375
21 years$6,374$5,095$4,037$3,174$2,479$1,178
22 years$6,020$4,756$3,720$2,886$2,222$1,011
23 years$5,697$4,448$3,435$2,628$1,995$868
24 years$5,402$4,167$3,177$2,397$1,793$746
25 years$5,131$3,911$2,943$2,189$1,614$642
26 years$4,881$3,676$2,729$2,002$1,453$552
27 years$4,649$3,459$2,534$1,832$1,310$475
28 years$4,435$3,259$2,356$1,679$1,182$409
29 years$4,236$3,075$2,192$1,539$1,068$353
30 years$4,051$2,904$2,042$1,413$965$304
31 years$3,878$2,745$1,904$1,298$872$262
32 years$3,716$2,598$1,776$1,192$789$226
33 years$3,564$2,460$1,658$1,097$714$195
34 years$3,421$2,331$1,550$1,009$646$168
35 years$3,287$2,211$1,449$929$586$145
36 years$3,161$2,099$1,355$855$530$125
37 years$3,041$1,993$1,269$788$481$108
38 years$2,928$1,894$1,188$726$436$93
39 years$2,822$1,801$1,113$670$395$80
40 years$2,721$1,714$1,043$618$359$69
41 years$2,625$1,632$978$570$325$60
42 years$2,534$1,554$918$526$295$52
43 years$2,447$1,480$861$486$268$45
44 years$2,364$1,411$808$448$243$39
45 years$2,286$1,346$759$414$221$33
46 years$2,211$1,284$713$382$200$29
47 years$2,139$1,225$670$353$182$25
48 years$2,071$1,170$629$327$165$21
49 years$2,006$1,117$591$302$150$19
50 years$1,943$1,067$556$279$136$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,990,000, adding $5,325 every year, while hoping to spend $36,489 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: 51/36/13 Blend
49$1,990,000$1,990,000$1,990,000$1,990,000
50$2,198,473$2,093,003$2,062,158$2,302,642
51$2,383,893$2,156,736$2,092,416$2,438,265
52$2,587,003$2,222,369$2,122,465$2,581,331
53$2,809,569$2,289,957$2,152,259$2,736,037
54$3,053,535$2,359,555$2,181,750$2,903,493
55$3,321,044$2,431,221$2,210,887$3,084,916
56$3,614,454$2,505,015$2,239,615$3,281,648
57$3,936,364$2,580,996$2,267,878$3,495,165
58$4,289,636$2,659,227$2,295,614$3,727,089
59$4,677,421$2,739,772$2,322,760$3,979,209
60$5,103,194$2,822,697$2,349,248$4,253,492
61$5,570,779$2,908,068$2,375,007$4,552,104
62$6,084,390$2,995,954$2,399,961$4,877,429
63$6,648,668$3,086,427$2,424,031$5,232,093
64$7,268,729$3,179,559$2,447,133$5,618,985
65$7,950,206$3,275,424$2,469,178$6,041,288
66$8,699,306$3,374,098$2,490,074$6,502,508
67$9,522,866$3,475,660$2,509,723$7,006,503
68$10,428,421$3,580,190$2,528,021$7,557,525
69$11,424,270$3,687,770$2,544,860$8,160,255
70$12,519,559$3,798,484$2,560,127$8,819,848
71$13,724,363$3,912,418$2,573,699$9,541,985
72$15,049,783$4,029,661$2,585,453$10,332,920
73$16,508,049$4,150,304$2,595,255$11,199,545
74$18,112,640$4,274,438$2,602,965$12,149,450
75$19,878,403$4,402,159$2,608,438$13,190,997
76$21,821,699$4,533,564$2,611,520$14,333,397
77$23,960,556$4,668,753$2,612,050$15,586,798
78$26,314,838$4,807,826$2,609,858$16,962,379
79$28,906,431$4,950,889$2,604,768$18,472,457
80$31,759,451$5,098,048$2,596,592$20,130,602
81$34,900,474$5,249,411$2,585,137$21,951,764
82$38,358,780$5,405,089$2,570,197$23,952,414
83$42,166,635$5,565,198$2,551,558$26,150,701
84$46,359,592$5,729,853$2,528,995$28,566,619
85$50,976,827$5,899,172$2,502,273$31,222,201
86$56,061,509$6,073,278$2,471,145$34,141,721
87$61,661,208$6,252,293$2,435,353$37,351,927
88$67,828,342$6,436,346$2,394,628$40,882,289
89$74,620,670$6,625,564$2,348,685$44,765,282
90$82,101,841$6,820,080$2,297,229$49,036,688
91$90,341,993$7,020,027$2,239,950$53,735,934
92$99,418,411$7,225,544$2,176,523$58,906,465
93$109,416,263$7,436,769$2,106,611$64,596,155
94$120,429,396$7,653,846$2,029,857$70,857,753
95$132,561,229$7,876,918$1,945,891$77,749,389
96$145,925,721$8,106,134$1,854,325$85,335,114
97$160,648,454$8,341,644$1,754,754$93,685,510
98$176,867,812$8,583,600$1,646,755$102,878,353
99$194,736,291$8,832,159$1,529,883$112,999,348
100$214,421,936$9,087,478$1,403,678$124,142,937