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%16.4%
1 years$175,068$173,508$171,987$170,502$169,052$164,631
2 years$86,667$85,053$83,489$81,972$80,501$76,077
3 years$57,204$55,583$54,023$52,520$51,073$46,785
4 years$42,476$40,859$39,315$37,838$36,426$32,306
5 years$33,641$32,034$30,510$29,063$27,690$23,750
6 years$27,753$26,158$24,656$23,242$21,910$18,154
7 years$23,549$21,968$20,490$19,109$17,819$14,247
8 years$20,397$18,830$17,377$16,030$14,783$11,392
9 years$17,947$16,395$14,967$13,654$12,449$9,238
10 years$15,988$14,452$13,048$11,770$10,607$7,572
11 years$14,387$12,865$11,488$10,243$9,123$6,257
12 years$13,053$11,547$10,195$8,985$7,905$5,206
13 years$11,925$10,435$9,108$7,932$6,894$4,354
14 years$10,960$9,486$8,184$7,041$6,043$3,658
15 years$10,123$8,665$7,389$6,280$5,321$3,083
16 years$9,392$7,950$6,699$5,623$4,702$2,607
17 years$8,748$7,322$6,096$5,052$4,170$2,210
18 years$8,176$6,766$5,565$4,553$3,707$1,877
19 years$7,665$6,270$5,094$4,114$3,304$1,597
20 years$7,205$5,827$4,675$3,726$2,952$1,360
21 years$6,790$5,427$4,300$3,381$2,641$1,160
22 years$6,413$5,066$3,964$3,075$2,368$991
23 years$6,069$4,738$3,660$2,800$2,125$847
24 years$5,755$4,440$3,385$2,554$1,910$724
25 years$5,466$4,166$3,135$2,332$1,719$620
26 years$5,199$3,916$2,907$2,132$1,548$531
27 years$4,953$3,685$2,700$1,952$1,396$455
28 years$4,725$3,472$2,510$1,788$1,260$390
29 years$4,513$3,276$2,336$1,640$1,137$334
30 years$4,315$3,094$2,175$1,505$1,028$287
31 years$4,131$2,925$2,028$1,382$929$246
32 years$3,958$2,767$1,892$1,270$840$211
33 years$3,797$2,621$1,767$1,168$761$181
34 years$3,645$2,484$1,651$1,075$689$155
35 years$3,502$2,356$1,543$989$624$133
36 years$3,367$2,236$1,444$911$565$115
37 years$3,240$2,124$1,351$840$512$98
38 years$3,120$2,018$1,266$774$464$84
39 years$3,006$1,919$1,186$714$421$73
40 years$2,898$1,826$1,111$658$382$62
41 years$2,796$1,738$1,042$607$347$53
42 years$2,699$1,655$977$560$314$46
43 years$2,607$1,577$917$517$285$39
44 years$2,519$1,503$861$478$259$34
45 years$2,435$1,434$808$441$235$29
46 years$2,355$1,368$759$407$214$25
47 years$2,279$1,305$713$376$194$21
48 years$2,206$1,246$670$348$176$18
49 years$2,137$1,190$630$321$160$16
50 years$2,070$1,137$592$297$145$14

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 $4,799 every year, while hoping to spend $56,597 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: 50/35/15 Blend
49$2,120,000$2,120,000$2,120,000$2,120,000
50$2,341,190$2,228,830$2,195,970$2,448,379
51$2,519,773$2,277,824$2,209,316$2,571,604
52$2,714,674$2,327,322$2,221,213$2,699,150
53$2,927,498$2,377,288$2,231,551$2,836,508
54$3,160,013$2,427,685$2,240,218$2,984,617
55$3,414,162$2,478,469$2,247,092$3,144,517
56$3,692,086$2,529,594$2,252,050$3,317,350
57$3,996,144$2,581,009$2,254,959$3,504,376
58$4,328,931$2,632,659$2,255,680$3,706,983
59$4,693,305$2,684,483$2,254,069$3,926,703
60$5,092,415$2,736,414$2,249,972$4,165,222
61$5,529,726$2,788,383$2,243,231$4,424,400
62$6,009,056$2,840,312$2,233,678$4,706,284
63$6,534,609$2,892,118$2,221,136$5,013,136
64$7,111,017$2,943,709$2,205,421$5,347,443
65$7,743,380$2,994,990$2,186,342$5,711,953
66$8,437,315$3,045,855$2,163,695$6,109,690
67$9,199,012$3,096,192$2,137,269$6,543,990
68$10,035,285$3,145,880$2,106,842$7,018,531
69$10,953,645$3,194,789$2,072,182$7,537,366
70$11,962,362$3,242,779$2,033,046$8,104,964
71$13,070,550$3,289,701$1,989,179$8,726,253
72$14,288,245$3,335,396$1,940,315$9,406,662
73$15,626,506$3,379,691$1,886,177$10,152,181
74$17,097,518$3,422,403$1,826,471$10,969,409
75$18,714,701$3,463,338$1,760,895$11,865,624
76$20,492,845$3,502,285$1,689,129$12,848,847
77$22,448,239$3,539,022$1,610,839$13,927,922
78$24,598,836$3,573,310$1,525,679$15,112,598
79$26,964,411$3,604,896$1,433,283$16,413,624
80$29,566,755$3,633,510$1,333,271$17,842,847
81$32,429,874$3,658,862$1,225,246$19,413,329
82$35,580,223$3,680,647$1,108,793$21,139,468
83$39,046,945$3,698,539$983,477$23,037,137
84$42,862,155$3,712,189$848,846$25,123,833
85$47,061,239$3,721,230$704,426$27,418,845
86$51,683,184$3,725,269$549,723$29,943,435
87$56,770,950$3,723,889$384,220$32,721,042
88$62,371,876$3,716,648$207,380$35,777,502
89$68,538,120$3,703,077$18,640$39,141,298
90$75,327,157$3,682,676$0$42,843,823
91$82,802,317$3,654,917$0$46,948,938
92$91,033,385$3,619,240$0$51,470,620
93$100,097,256$3,575,049$0$56,448,035
94$110,078,665$3,521,715$0$61,927,638
95$121,070,978$3,458,569$0$67,960,630
96$133,177,083$3,384,903$0$74,603,440
97$146,510,352$3,299,970$0$81,918,261
98$161,195,714$3,202,975$0$89,973,637
99$177,370,835$3,093,078$0$98,845,112
100$195,187,412$2,969,391$0$108,615,947