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%15.2%
1 years$175,068$173,508$171,987$170,502$169,052$165,436
2 years$86,667$85,053$83,489$81,972$80,501$76,875
3 years$57,204$55,583$54,023$52,520$51,073$47,551
4 years$42,476$40,859$39,315$37,838$36,426$33,035
5 years$33,641$32,034$30,510$29,063$27,690$24,440
6 years$27,753$26,158$24,656$23,242$21,910$18,804
7 years$23,549$21,968$20,490$19,109$17,819$14,857
8 years$20,397$18,830$17,377$16,030$14,783$11,964
9 years$17,947$16,395$14,967$13,654$12,449$9,772
10 years$15,988$14,452$13,048$11,770$10,607$8,069
11 years$14,387$12,865$11,488$10,243$9,123$6,720
12 years$13,053$11,547$10,195$8,985$7,905$5,634
13 years$11,925$10,435$9,108$7,932$6,894$4,751
14 years$10,960$9,486$8,184$7,041$6,043$4,023
15 years$10,123$8,665$7,389$6,280$5,321$3,420
16 years$9,392$7,950$6,699$5,623$4,702$2,917
17 years$8,748$7,322$6,096$5,052$4,170$2,494
18 years$8,176$6,766$5,565$4,553$3,707$2,137
19 years$7,665$6,270$5,094$4,114$3,304$1,834
20 years$7,205$5,827$4,675$3,726$2,952$1,577
21 years$6,790$5,427$4,300$3,381$2,641$1,358
22 years$6,413$5,066$3,964$3,075$2,368$1,170
23 years$6,069$4,738$3,660$2,800$2,125$1,010
24 years$5,755$4,440$3,385$2,554$1,910$872
25 years$5,466$4,166$3,135$2,332$1,719$753
26 years$5,199$3,916$2,907$2,132$1,548$651
27 years$4,953$3,685$2,700$1,952$1,396$563
28 years$4,725$3,472$2,510$1,788$1,260$488
29 years$4,513$3,276$2,336$1,640$1,137$422
30 years$4,315$3,094$2,175$1,505$1,028$366
31 years$4,131$2,925$2,028$1,382$929$317
32 years$3,958$2,767$1,892$1,270$840$275
33 years$3,797$2,621$1,767$1,168$761$238
34 years$3,645$2,484$1,651$1,075$689$206
35 years$3,502$2,356$1,543$989$624$179
36 years$3,367$2,236$1,444$911$565$155
37 years$3,240$2,124$1,351$840$512$135
38 years$3,120$2,018$1,266$774$464$117
39 years$3,006$1,919$1,186$714$421$101
40 years$2,898$1,826$1,111$658$382$88
41 years$2,796$1,738$1,042$607$347$76
42 years$2,699$1,655$977$560$314$66
43 years$2,607$1,577$917$517$285$57
44 years$2,519$1,503$861$478$259$50
45 years$2,435$1,434$808$441$235$43
46 years$2,355$1,368$759$407$214$38
47 years$2,279$1,305$713$376$194$33
48 years$2,206$1,246$670$348$176$28
49 years$2,137$1,190$630$321$160$25
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 $2,081 every year, while hoping to spend $22,920 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: 84/6/10 Blend
49$2,120,000$2,120,000$2,120,000$2,120,000
50$2,338,387$2,226,027$2,193,167$2,531,170
51$2,552,515$2,310,715$2,242,251$2,742,228
52$2,787,717$2,398,785$2,292,211$2,970,727
53$3,046,117$2,490,379$2,343,053$3,221,015
54$3,330,056$2,585,642$2,394,781$3,495,269
55$3,642,114$2,684,731$2,447,398$3,795,887
56$3,985,132$2,787,806$2,500,909$4,125,510
57$4,362,242$2,895,034$2,555,315$4,487,047
58$4,776,891$3,006,591$2,610,618$4,883,701
59$5,232,879$3,122,660$2,666,820$5,319,002
60$5,734,394$3,243,431$2,723,920$5,796,838
61$6,286,049$3,369,106$2,781,917$6,321,490
62$6,892,924$3,499,890$2,840,810$6,897,677
63$7,560,620$3,636,003$2,900,595$7,530,595
64$8,295,307$3,777,670$2,961,268$8,225,970
65$9,103,782$3,925,130$3,022,824$8,990,107
66$9,993,535$4,078,629$3,085,257$9,829,957
67$10,972,820$4,238,426$3,148,557$10,753,174
68$12,050,731$4,404,792$3,212,717$11,768,192
69$13,237,287$4,578,008$3,277,724$12,884,304
70$14,543,529$4,758,369$3,343,567$14,111,747
71$15,981,623$4,946,184$3,410,231$15,461,800
72$17,564,974$5,141,772$3,477,699$16,946,891
73$19,308,354$5,345,472$3,545,954$18,580,713
74$21,228,039$5,557,632$3,614,976$20,378,353
75$23,341,964$5,778,621$3,684,743$22,356,435
76$25,669,892$6,008,821$3,755,230$24,533,274
77$28,233,601$6,248,633$3,826,410$26,929,051
78$31,057,087$6,498,476$3,898,254$29,566,005
79$34,166,795$6,758,786$3,970,730$32,468,636
80$37,591,862$7,030,020$4,043,803$35,663,944
81$41,364,397$7,312,657$4,117,436$39,181,678
82$45,519,783$7,607,195$4,191,588$43,054,617
83$50,097,010$7,914,156$4,266,215$47,318,881
84$55,139,041$8,234,086$4,341,269$52,014,273
85$60,693,222$8,567,555$4,416,700$57,184,648
86$66,811,724$8,915,158$4,492,453$62,878,333
87$73,552,039$9,277,520$4,568,470$69,148,580
88$80,977,520$9,655,291$4,644,686$76,054,069
89$89,157,980$10,049,153$4,721,036$83,659,460
90$98,170,350$10,459,818$4,797,447$92,036,005
91$108,099,408$10,888,031$4,873,843$101,262,219
92$119,038,573$11,334,570$4,950,143$111,424,620
93$131,090,793$11,800,250$5,026,258$122,618,548
94$144,369,514$12,285,922$5,102,098$134,949,060
95$158,999,749$12,792,477$5,177,563$148,531,926
96$175,119,262$13,320,847$5,252,549$163,494,719
97$192,879,863$13,872,005$5,326,946$179,978,016
98$212,448,846$14,446,970$5,400,636$198,136,731
99$234,010,566$15,046,809$5,473,495$218,141,571
100$257,768,176$15,672,636$5,545,390$240,180,649