Can I retire at age 50 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$165,158$163,687$162,252$160,851$159,483$156,391
2 years$81,761$80,239$78,763$77,332$75,944$72,841
3 years$53,966$52,437$50,965$49,547$48,182$45,166
4 years$40,071$38,547$37,089$35,696$34,364$31,457
5 years$31,737$30,221$28,783$27,418$26,123$23,333
6 years$26,182$24,678$23,261$21,926$20,670$18,001
7 years$22,216$20,724$19,330$18,027$16,810$14,263
8 years$19,243$17,765$16,393$15,122$13,946$11,519
9 years$16,931$15,467$14,120$12,881$11,744$9,437
10 years$15,083$13,634$12,310$11,103$10,007$7,816
11 years$13,572$12,137$10,837$9,663$8,606$6,530
12 years$12,314$10,894$9,618$8,476$7,458$5,493
13 years$11,250$9,845$8,593$7,483$6,503$4,647
14 years$10,339$8,949$7,721$6,643$5,701$3,949
15 years$9,550$8,175$6,971$5,924$5,020$3,369
16 years$8,861$7,500$6,320$5,304$4,436$2,883
17 years$8,253$6,907$5,751$4,766$3,934$2,474
18 years$7,713$6,383$5,250$4,295$3,497$2,127
19 years$7,231$5,915$4,806$3,881$3,117$1,833
20 years$6,797$5,497$4,411$3,515$2,785$1,582
21 years$6,406$5,120$4,057$3,190$2,492$1,367
22 years$6,050$4,779$3,739$2,900$2,234$1,183
23 years$5,726$4,470$3,452$2,642$2,005$1,024
24 years$5,429$4,188$3,193$2,409$1,802$888
25 years$5,156$3,930$2,957$2,200$1,622$770
26 years$4,905$3,694$2,743$2,012$1,461$669
27 years$4,673$3,476$2,547$1,841$1,317$581
28 years$4,458$3,276$2,368$1,687$1,188$505
29 years$4,258$3,090$2,203$1,547$1,073$439
30 years$4,071$2,919$2,052$1,420$970$382
31 years$3,897$2,759$1,913$1,304$877$332
32 years$3,734$2,611$1,785$1,198$793$289
33 years$3,582$2,472$1,667$1,102$718$252
34 years$3,438$2,343$1,557$1,014$650$219
35 years$3,304$2,222$1,456$933$588$191
36 years$3,176$2,109$1,362$860$533$166
37 years$3,057$2,003$1,275$792$483$145
38 years$2,943$1,904$1,194$730$438$126
39 years$2,836$1,811$1,119$673$397$110
40 years$2,734$1,723$1,048$621$360$96
41 years$2,638$1,640$983$573$327$83
42 years$2,546$1,562$922$529$297$73
43 years$2,459$1,488$865$488$269$63
44 years$2,376$1,418$812$451$244$55
45 years$2,297$1,352$763$416$222$48
46 years$2,222$1,290$716$384$201$42
47 years$2,150$1,231$673$355$183$37
48 years$2,081$1,175$632$328$166$32
49 years$2,016$1,122$594$303$151$28
50 years$1,953$1,072$559$280$137$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,000,000, adding $6,430 every year, while hoping to spend $28,338 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: 75/9/16 Blend
49$2,000,000$2,000,000$2,000,000$2,000,000
50$2,210,633$2,104,633$2,073,633$2,368,110
51$2,405,966$2,177,608$2,112,948$2,546,117
52$2,620,273$2,253,210$2,152,630$2,737,023
53$2,855,460$2,331,536$2,192,663$2,945,504
54$3,113,625$2,412,690$2,233,025$3,173,301
55$3,397,081$2,496,778$2,273,698$3,422,332
56$3,708,375$2,583,911$2,314,658$3,694,708
57$4,050,311$2,674,205$2,355,881$3,992,755
58$4,425,980$2,767,779$2,397,341$4,319,035
59$4,838,788$2,864,758$2,439,009$4,676,369
60$5,292,485$2,965,271$2,480,857$5,067,864
61$5,791,204$3,069,455$2,522,851$5,496,943
62$6,339,497$3,177,448$2,564,956$5,967,377
63$6,942,379$3,289,397$2,607,136$6,483,318
64$7,605,378$3,405,453$2,649,351$7,049,343
65$8,334,581$3,525,775$2,691,559$7,670,491
66$9,136,697$3,650,526$2,733,715$8,352,315
67$10,019,116$3,779,878$2,775,770$9,100,931
68$10,989,982$3,914,008$2,817,674$9,923,079
69$12,058,267$4,053,102$2,859,373$10,826,182
70$13,233,857$4,197,351$2,900,809$11,818,421
71$14,527,645$4,346,956$2,941,921$12,908,808
72$15,951,634$4,502,125$2,982,645$14,107,270
73$17,519,048$4,663,077$3,022,910$15,424,749
74$19,244,459$4,830,036$3,062,646$16,873,296
75$21,143,923$5,003,237$3,101,775$18,466,193
76$23,235,134$5,182,926$3,140,215$20,218,072
77$25,537,586$5,369,358$3,177,880$22,145,056
78$28,072,761$5,562,798$3,214,680$24,264,910
79$30,864,329$5,763,522$3,250,519$26,597,207
80$33,938,374$5,971,818$3,285,295$29,163,516
81$37,323,637$6,187,985$3,318,901$31,987,603
82$41,051,789$6,412,337$3,351,224$35,095,654
83$45,157,728$6,645,198$3,382,147$38,516,524
84$49,679,910$6,886,907$3,411,543$42,282,010
85$54,660,712$7,137,817$3,439,281$46,427,146
86$60,146,829$7,398,294$3,465,221$50,990,538
87$66,189,719$7,668,724$3,489,219$56,014,728
88$72,846,082$7,949,503$3,511,120$61,546,593
89$80,178,402$8,241,048$3,530,762$67,637,786
90$88,255,532$8,543,793$3,547,976$74,345,229
91$97,153,346$8,858,189$3,562,583$81,731,645
92$106,955,454$9,184,706$3,574,395$89,866,149
93$117,753,988$9,523,835$3,583,216$98,824,907
94$129,650,480$9,876,087$3,588,838$108,691,844
95$142,756,809$10,241,996$3,591,045$119,559,446
96$157,196,267$10,622,117$3,589,608$131,529,628
97$173,104,714$11,017,029$3,584,288$144,714,695
98$190,631,867$11,427,336$3,574,834$159,238,402
99$209,942,710$11,853,668$3,560,984$175,237,125
100$231,219,051$12,296,681$3,542,460$192,861,146