Can I retire at age 50 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$175,068$173,508$171,987$170,502$169,052$165,368
2 years$86,667$85,053$83,489$81,972$80,501$76,808
3 years$57,204$55,583$54,023$52,520$51,073$47,487
4 years$42,476$40,859$39,315$37,838$36,426$32,973
5 years$33,641$32,034$30,510$29,063$27,690$24,381
6 years$27,753$26,158$24,656$23,242$21,910$18,749
7 years$23,549$21,968$20,490$19,109$17,819$14,805
8 years$20,397$18,830$17,377$16,030$14,783$11,915
9 years$17,947$16,395$14,967$13,654$12,449$9,726
10 years$15,988$14,452$13,048$11,770$10,607$8,026
11 years$14,387$12,865$11,488$10,243$9,123$6,680
12 years$13,053$11,547$10,195$8,985$7,905$5,597
13 years$11,925$10,435$9,108$7,932$6,894$4,716
14 years$10,960$9,486$8,184$7,041$6,043$3,992
15 years$10,123$8,665$7,389$6,280$5,321$3,391
16 years$9,392$7,950$6,699$5,623$4,702$2,890
17 years$8,748$7,322$6,096$5,052$4,170$2,469
18 years$8,176$6,766$5,565$4,553$3,707$2,114
19 years$7,665$6,270$5,094$4,114$3,304$1,813
20 years$7,205$5,827$4,675$3,726$2,952$1,558
21 years$6,790$5,427$4,300$3,381$2,641$1,340
22 years$6,413$5,066$3,964$3,075$2,368$1,154
23 years$6,069$4,738$3,660$2,800$2,125$995
24 years$5,755$4,440$3,385$2,554$1,910$858
25 years$5,466$4,166$3,135$2,332$1,719$741
26 years$5,199$3,916$2,907$2,132$1,548$640
27 years$4,953$3,685$2,700$1,952$1,396$554
28 years$4,725$3,472$2,510$1,788$1,260$479
29 years$4,513$3,276$2,336$1,640$1,137$414
30 years$4,315$3,094$2,175$1,505$1,028$358
31 years$4,131$2,925$2,028$1,382$929$310
32 years$3,958$2,767$1,892$1,270$840$269
33 years$3,797$2,621$1,767$1,168$761$233
34 years$3,645$2,484$1,651$1,075$689$202
35 years$3,502$2,356$1,543$989$624$175
36 years$3,367$2,236$1,444$911$565$151
37 years$3,240$2,124$1,351$840$512$131
38 years$3,120$2,018$1,266$774$464$114
39 years$3,006$1,919$1,186$714$421$99
40 years$2,898$1,826$1,111$658$382$85
41 years$2,796$1,738$1,042$607$347$74
42 years$2,699$1,655$977$560$314$64
43 years$2,607$1,577$917$517$285$56
44 years$2,519$1,503$861$478$259$48
45 years$2,435$1,434$808$441$235$42
46 years$2,355$1,368$759$407$214$36
47 years$2,279$1,305$713$376$194$31
48 years$2,206$1,246$670$348$176$27
49 years$2,137$1,190$630$321$160$24
50 years$2,070$1,137$592$297$145$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,120,000, adding $6,953 every year, while hoping to spend $24,507 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: 58/34/8 Blend
49$2,120,000$2,120,000$2,120,000$2,120,000
50$2,343,412$2,231,052$2,198,192$2,474,726
51$2,556,365$2,314,298$2,245,756$2,647,070
52$2,790,217$2,400,802$2,294,092$2,831,452
53$3,047,076$2,490,698$2,343,201$3,031,815
54$3,329,260$2,584,124$2,393,080$3,249,690
55$3,639,325$2,681,227$2,443,729$3,486,762
56$3,980,087$2,782,158$2,495,145$3,744,886
57$4,354,647$2,887,075$2,547,324$4,026,099
58$4,766,424$2,996,144$2,600,262$4,332,645
59$5,219,181$3,109,537$2,653,952$4,666,991
60$5,717,066$3,227,434$2,708,389$5,031,852
61$6,264,651$3,350,022$2,763,563$5,430,215
62$6,866,968$3,477,496$2,819,466$5,865,368
63$7,529,567$3,610,061$2,876,086$6,340,927
64$8,258,559$3,747,930$2,933,411$6,860,875
65$9,060,679$3,891,326$2,991,427$7,429,595
66$9,943,348$4,040,480$3,050,119$8,051,911
67$10,914,740$4,195,635$3,109,469$8,733,133
68$11,983,866$4,357,043$3,169,459$9,479,109
69$13,160,650$4,524,968$3,230,066$10,296,276
70$14,456,032$4,699,687$3,291,268$11,191,720
71$15,882,061$4,881,486$3,353,040$12,173,245
72$17,452,019$5,070,666$3,415,354$13,249,443
73$19,180,536$5,267,540$3,478,180$14,429,778
74$21,083,738$5,472,436$3,541,485$15,724,668
75$23,179,389$5,685,696$3,605,236$17,145,588
76$25,487,068$5,907,676$3,669,392$18,705,176
77$28,028,347$6,138,750$3,733,915$20,417,350
78$30,826,997$6,379,307$3,798,759$22,297,437
79$33,909,211$6,629,754$3,863,878$24,362,323
80$37,303,854$6,890,515$3,929,221$26,630,602
81$41,042,731$7,162,035$3,994,734$29,122,758
82$45,160,891$7,444,776$4,060,360$31,861,353
83$49,696,955$7,739,223$4,126,035$34,871,240
84$54,693,482$8,045,882$4,191,694$38,179,796
85$60,197,368$8,365,282$4,257,268$41,817,178
86$66,260,294$8,697,975$4,322,680$45,816,609
87$72,939,206$9,044,537$4,387,852$50,214,687
88$80,296,858$9,405,573$4,452,698$55,051,729
89$88,402,403$9,781,712$4,517,129$60,372,153
90$97,332,045$10,173,612$4,581,049$66,224,893
91$107,169,757$10,581,963$4,644,358$72,663,857
92$118,008,075$11,007,482$4,706,947$79,748,441
93$129,948,973$11,450,923$4,768,704$87,544,078
94$143,104,821$11,913,070$4,829,508$96,122,864
95$157,599,448$12,394,746$4,889,232$105,564,227
96$173,569,312$12,896,809$4,947,742$115,955,681
97$191,164,786$13,420,157$5,004,895$127,393,647
98$210,551,577$13,965,728$5,060,542$139,984,362
99$231,912,293$14,534,503$5,114,525$153,844,877
100$255,448,162$15,127,509$5,166,677$169,104,162