Can I retire at age 50 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$168,461$166,961$165,497$164,068$162,672$160,573
2 years$83,397$81,843$80,338$78,879$77,463$75,351
3 years$55,046$53,486$51,984$50,538$49,146$47,087
4 years$40,873$39,318$37,831$36,410$35,051$33,061
5 years$32,371$30,825$29,359$27,966$26,645$24,730
6 years$26,705$25,171$23,726$22,365$21,084$19,245
7 years$22,660$21,139$19,716$18,387$17,147$15,385
8 years$19,627$18,120$16,721$15,425$14,225$12,541
9 years$17,270$15,777$14,402$13,138$11,979$10,372
10 years$15,385$13,906$12,556$11,326$10,207$8,675
11 years$13,844$12,380$11,054$9,857$8,778$7,321
12 years$12,560$11,112$9,810$8,646$7,607$6,222
13 years$11,475$10,042$8,765$7,633$6,634$5,319
14 years$10,546$9,128$7,875$6,775$5,815$4,569
15 years$9,741$8,338$7,110$6,043$5,120$3,941
16 years$9,038$7,650$6,446$5,410$4,525$3,410
17 years$8,418$7,045$5,866$4,861$4,012$2,960
18 years$7,867$6,510$5,355$4,381$3,567$2,575
19 years$7,376$6,034$4,902$3,959$3,180$2,245
20 years$6,933$5,607$4,499$3,585$2,840$1,961
21 years$6,534$5,223$4,138$3,254$2,542$1,715
22 years$6,171$4,875$3,814$2,958$2,278$1,502
23 years$5,840$4,560$3,522$2,694$2,045$1,317
24 years$5,538$4,272$3,257$2,457$1,838$1,156
25 years$5,259$4,009$3,016$2,244$1,654$1,016
26 years$5,003$3,768$2,798$2,052$1,490$893
27 years$4,766$3,546$2,598$1,878$1,343$786
28 years$4,547$3,341$2,415$1,721$1,212$692
29 years$4,343$3,152$2,247$1,578$1,094$609
30 years$4,153$2,977$2,093$1,448$989$537
31 years$3,975$2,814$1,952$1,330$894$473
32 years$3,809$2,663$1,821$1,222$809$418
33 years$3,653$2,522$1,700$1,124$732$368
34 years$3,507$2,390$1,589$1,034$663$325
35 years$3,370$2,267$1,485$952$600$287
36 years$3,240$2,152$1,389$877$544$253
37 years$3,118$2,044$1,300$808$493$224
38 years$3,002$1,942$1,218$745$447$197
39 years$2,893$1,847$1,141$687$405$174
40 years$2,789$1,757$1,069$633$368$154
41 years$2,691$1,673$1,003$584$333$136
42 years$2,597$1,593$941$539$303$120
43 years$2,508$1,518$883$498$275$106
44 years$2,424$1,447$828$460$249$94
45 years$2,343$1,380$778$424$226$83
46 years$2,266$1,316$731$392$205$73
47 years$2,193$1,256$686$362$187$65
48 years$2,123$1,199$645$335$169$57
49 years$2,056$1,145$606$309$154$51
50 years$1,992$1,094$570$286$140$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,040,000, adding $2,907 every year, while hoping to spend $31,663 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: 70/22/8 Blend
49$2,040,000$2,040,000$2,040,000$2,040,000
50$2,251,079$2,142,959$2,111,339$2,405,345
51$2,446,999$2,214,274$2,148,379$2,579,112
52$2,661,843$2,288,023$2,185,600$2,765,030
53$2,897,506$2,364,292$2,222,972$2,967,604
54$3,156,077$2,443,168$2,260,467$3,188,465
55$3,439,858$2,524,744$2,298,054$3,429,407
56$3,751,384$2,609,116$2,335,699$3,692,403
57$4,093,445$2,696,384$2,373,365$3,979,629
58$4,469,119$2,786,649$2,411,015$4,293,476
59$4,881,793$2,880,018$2,448,608$4,636,581
60$5,335,200$2,976,603$2,486,100$5,011,844
61$5,833,451$3,076,517$2,523,446$5,422,460
62$6,381,077$3,179,880$2,560,595$5,871,947
63$6,983,068$3,286,816$2,597,496$6,364,179
64$7,644,922$3,397,451$2,634,093$6,903,422
65$8,372,697$3,511,919$2,670,329$7,494,376
66$9,173,068$3,630,358$2,706,140$8,142,214
67$10,053,386$3,752,911$2,741,461$8,852,638
68$11,021,753$3,879,726$2,776,222$9,631,925
69$12,087,096$4,010,957$2,810,350$10,486,991
70$13,259,250$4,146,763$2,843,766$11,425,451
71$14,549,050$4,287,311$2,876,389$12,455,698
72$15,968,436$4,432,773$2,908,131$13,586,975
73$17,530,565$4,583,327$2,938,901$14,829,462
74$19,249,931$4,739,158$2,968,603$16,194,378
75$21,142,506$4,900,460$2,997,134$17,694,079
76$23,225,891$5,067,431$3,024,387$19,342,178
77$25,519,476$5,240,280$3,050,248$21,153,673
78$28,044,630$5,419,221$3,074,599$23,145,089
79$30,824,899$5,604,479$3,097,314$25,334,627
80$33,886,225$5,796,286$3,118,261$27,742,346
81$37,257,199$5,994,882$3,137,301$30,390,343
82$40,969,321$6,200,519$3,154,289$33,302,964
83$45,057,304$6,413,456$3,169,070$36,507,033
84$49,559,398$6,633,965$3,181,483$40,032,107
85$54,517,752$6,862,325$3,191,358$43,910,749
86$59,978,813$7,098,829$3,198,519$48,178,842
87$65,993,760$7,343,779$3,202,777$52,875,921
88$72,618,990$7,597,491$3,203,936$58,045,546
89$79,916,650$7,860,291$3,201,791$63,735,716
90$87,955,223$8,132,521$3,196,126$69,999,321
91$96,810,174$8,414,532$3,186,714$76,894,636
92$106,564,660$8,706,692$3,173,318$84,485,875
93$117,310,319$9,009,384$3,155,688$92,843,795
94$129,148,131$9,323,004$3,133,563$102,046,363
95$142,189,374$9,647,964$3,106,670$112,179,490
96$156,556,669$9,984,693$3,074,723$123,337,843
97$172,385,143$10,333,637$3,037,420$135,625,737
98$189,823,703$10,695,260$2,994,448$149,158,119
99$209,036,436$11,070,044$2,945,478$164,061,652
100$230,204,166$11,458,489$2,890,165$180,475,910