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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$175,068$173,508$171,987$170,502$169,052$164,299
2 years$86,667$85,053$83,489$81,972$80,501$75,749
3 years$57,204$55,583$54,023$52,520$51,073$46,470
4 years$42,476$40,859$39,315$37,838$36,426$32,008
5 years$33,641$32,034$30,510$29,063$27,690$23,469
6 years$27,753$26,158$24,656$23,242$21,910$17,890
7 years$23,549$21,968$20,490$19,109$17,819$14,000
8 years$20,397$18,830$17,377$16,030$14,783$11,162
9 years$17,947$16,395$14,967$13,654$12,449$9,024
10 years$15,988$14,452$13,048$11,770$10,607$7,373
11 years$14,387$12,865$11,488$10,243$9,123$6,074
12 years$13,053$11,547$10,195$8,985$7,905$5,037
13 years$11,925$10,435$9,108$7,932$6,894$4,198
14 years$10,960$9,486$8,184$7,041$6,043$3,515
15 years$10,123$8,665$7,389$6,280$5,321$2,952
16 years$9,392$7,950$6,699$5,623$4,702$2,487
17 years$8,748$7,322$6,096$5,052$4,170$2,101
18 years$8,176$6,766$5,565$4,553$3,707$1,777
19 years$7,665$6,270$5,094$4,114$3,304$1,507
20 years$7,205$5,827$4,675$3,726$2,952$1,279
21 years$6,790$5,427$4,300$3,381$2,641$1,087
22 years$6,413$5,066$3,964$3,075$2,368$924
23 years$6,069$4,738$3,660$2,800$2,125$787
24 years$5,755$4,440$3,385$2,554$1,910$670
25 years$5,466$4,166$3,135$2,332$1,719$571
26 years$5,199$3,916$2,907$2,132$1,548$487
27 years$4,953$3,685$2,700$1,952$1,396$416
28 years$4,725$3,472$2,510$1,788$1,260$355
29 years$4,513$3,276$2,336$1,640$1,137$303
30 years$4,315$3,094$2,175$1,505$1,028$259
31 years$4,131$2,925$2,028$1,382$929$221
32 years$3,958$2,767$1,892$1,270$840$189
33 years$3,797$2,621$1,767$1,168$761$161
34 years$3,645$2,484$1,651$1,075$689$138
35 years$3,502$2,356$1,543$989$624$118
36 years$3,367$2,236$1,444$911$565$101
37 years$3,240$2,124$1,351$840$512$86
38 years$3,120$2,018$1,266$774$464$74
39 years$3,006$1,919$1,186$714$421$63
40 years$2,898$1,826$1,111$658$382$54
41 years$2,796$1,738$1,042$607$347$46
42 years$2,699$1,655$977$560$314$39
43 years$2,607$1,577$917$517$285$34
44 years$2,519$1,503$861$478$259$29
45 years$2,435$1,434$808$441$235$25
46 years$2,355$1,368$759$407$214$21
47 years$2,279$1,305$713$376$194$18
48 years$2,206$1,246$670$348$176$15
49 years$2,137$1,190$630$321$160$13
50 years$2,070$1,137$592$297$145$11

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 $4,546 every year, while hoping to spend $42,652 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: 52/34/14 Blend
49$2,120,000$2,120,000$2,120,000$2,120,000
50$2,340,929$2,228,569$2,195,709$2,453,636
51$2,534,323$2,292,388$2,223,884$2,595,021
52$2,746,013$2,357,904$2,251,573$2,743,807
53$2,977,820$2,425,156$2,278,716$2,904,666
54$3,231,752$2,494,182$2,305,246$3,078,749
55$3,510,015$2,565,021$2,331,096$3,267,328
56$3,815,043$2,637,714$2,356,194$3,471,799
57$4,149,514$2,712,299$2,380,464$3,693,702
58$4,516,380$2,788,816$2,403,825$3,934,729
59$4,918,890$2,867,308$2,426,192$4,196,747
60$5,360,623$2,947,813$2,447,476$4,481,807
61$5,845,524$3,030,373$2,467,584$4,792,170
62$6,377,935$3,115,029$2,486,416$5,130,326
63$6,962,642$3,201,822$2,503,868$5,499,017
64$7,604,914$3,290,795$2,519,831$5,901,262
65$8,310,559$3,381,987$2,534,189$6,340,386
66$9,085,973$3,475,442$2,546,821$6,820,052
67$9,938,203$3,571,199$2,557,600$7,344,296
68$10,875,013$3,669,300$2,566,392$7,917,561
69$11,904,955$3,769,787$2,573,057$8,544,743
70$13,037,452$3,872,699$2,577,447$9,231,235
71$14,282,888$3,978,076$2,579,407$9,982,979
72$15,652,700$4,085,960$2,578,775$10,806,520
73$17,159,491$4,196,387$2,575,379$11,709,069
74$18,817,147$4,309,398$2,569,042$12,698,572
75$20,640,966$4,425,028$2,559,575$13,783,781
76$22,647,805$4,543,315$2,546,781$14,974,341
77$24,856,238$4,664,295$2,530,455$16,280,879
78$27,286,730$4,788,000$2,510,381$17,715,102
79$29,961,828$4,914,465$2,486,331$19,289,912
80$32,906,381$5,043,719$2,458,069$21,019,522
81$36,147,764$5,175,794$2,425,346$22,919,596
82$39,716,143$5,310,715$2,387,903$25,007,393
83$43,644,758$5,448,508$2,345,466$27,301,930
84$47,970,235$5,589,197$2,297,751$29,824,163
85$52,732,933$5,732,802$2,244,459$32,597,182
86$57,977,322$5,879,339$2,185,279$35,646,434
87$63,752,407$6,028,825$2,119,884$38,999,956
88$70,112,184$6,181,269$2,047,931$42,688,648
89$77,116,155$6,336,679$1,969,065$46,746,556
90$84,829,886$6,495,060$1,882,912$51,211,200
91$93,325,626$6,656,409$1,789,081$56,123,926
92$102,682,988$6,820,721$1,687,164$61,530,294
93$112,989,703$6,987,987$1,576,734$67,480,512
94$124,342,445$7,158,190$1,457,346$74,029,908
95$136,847,741$7,331,308$1,328,534$81,239,453
96$150,622,982$7,507,313$1,189,811$89,176,336
97$165,797,525$7,686,171$1,040,670$97,914,598
98$182,513,919$7,867,840$880,578$107,535,834
99$200,929,244$8,052,269$708,983$118,129,959
100$221,216,598$8,239,401$525,304$129,796,061