Can I retire at age 50 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$175,893$174,327$172,798$171,306$169,849$167,242
2 years$87,076$85,454$83,883$82,359$80,881$78,260
3 years$57,474$55,845$54,278$52,768$51,314$48,762
4 years$42,676$41,052$39,500$38,016$36,598$34,133
5 years$33,799$32,185$30,654$29,200$27,821$25,452
6 years$27,884$26,282$24,773$23,352$22,014$19,743
7 years$23,660$22,071$20,586$19,199$17,903$15,731
8 years$20,493$18,919$17,459$16,105$14,852$12,778
9 years$18,032$16,473$15,037$13,718$12,508$10,531
10 years$16,064$14,520$13,110$11,825$10,657$8,776
11 years$14,455$12,926$11,542$10,291$9,166$7,378
12 years$13,115$11,602$10,243$9,027$7,943$6,247
13 years$11,982$10,485$9,151$7,969$6,926$5,319
14 years$11,011$9,530$8,223$7,074$6,071$4,551
15 years$10,171$8,706$7,424$6,309$5,346$3,909
16 years$9,437$7,988$6,731$5,649$4,725$3,369
17 years$8,789$7,356$6,125$5,076$4,189$2,911
18 years$8,215$6,798$5,591$4,574$3,725$2,522
19 years$7,701$6,300$5,118$4,133$3,320$2,189
20 years$7,239$5,854$4,697$3,743$2,966$1,903
21 years$6,822$5,453$4,321$3,397$2,654$1,657
22 years$6,443$5,090$3,982$3,089$2,379$1,445
23 years$6,098$4,761$3,677$2,813$2,135$1,261
24 years$5,782$4,460$3,400$2,566$1,919$1,102
25 years$5,491$4,186$3,150$2,343$1,727$964
26 years$5,224$3,934$2,921$2,143$1,556$843
27 years$4,977$3,702$2,712$1,961$1,403$738
28 years$4,747$3,489$2,522$1,797$1,266$647
29 years$4,534$3,291$2,347$1,648$1,143$567
30 years$4,336$3,108$2,186$1,512$1,033$497
31 years$4,150$2,938$2,038$1,389$934$436
32 years$3,977$2,780$1,901$1,276$844$383
33 years$3,815$2,633$1,775$1,174$764$336
34 years$3,662$2,495$1,659$1,080$692$295
35 years$3,518$2,367$1,551$994$627$259
36 years$3,383$2,247$1,451$916$568$227
37 years$3,255$2,134$1,358$844$515$200
38 years$3,135$2,028$1,271$778$467$176
39 years$3,020$1,928$1,191$717$423$154
40 years$2,912$1,835$1,117$661$384$136
41 years$2,809$1,746$1,047$610$348$119
42 years$2,712$1,663$982$563$316$105
43 years$2,619$1,585$922$520$287$92
44 years$2,531$1,510$865$480$260$81
45 years$2,447$1,440$812$443$236$71
46 years$2,366$1,374$763$409$215$63
47 years$2,290$1,311$717$378$195$55
48 years$2,217$1,252$674$350$177$48
49 years$2,147$1,195$633$323$161$43
50 years$2,080$1,142$595$299$146$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,130,000, adding $5,641 every year, while hoping to spend $40,738 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: 78/17/5 Blend
49$2,130,000$2,130,000$2,130,000$2,130,000
50$2,353,079$2,240,189$2,207,174$2,535,640
51$2,549,748$2,306,613$2,237,769$2,722,518
52$2,765,112$2,374,927$2,268,024$2,921,505
53$3,001,035$2,445,180$2,297,884$3,138,492
54$3,259,569$2,517,422$2,327,292$3,375,250
55$3,542,975$2,591,706$2,356,186$3,633,729
56$3,853,743$2,668,084$2,384,503$3,916,075
57$4,194,614$2,746,610$2,412,174$4,224,651
58$4,568,610$2,827,339$2,439,127$4,562,060
59$4,979,058$2,910,328$2,465,287$4,931,167
60$5,429,621$2,995,633$2,490,573$5,335,129
61$5,924,336$3,083,313$2,514,901$5,777,421
62$6,467,651$3,173,428$2,538,183$6,261,872
63$7,064,463$3,266,037$2,560,324$6,792,700
64$7,720,169$3,361,204$2,581,226$7,374,547
65$8,440,714$3,458,991$2,600,784$8,012,530
66$9,232,646$3,559,461$2,618,890$8,712,285
67$10,103,182$3,662,680$2,635,429$9,480,019
68$11,060,269$3,768,714$2,650,278$10,322,570
69$12,112,667$3,877,631$2,663,312$11,247,473
70$13,270,022$3,989,499$2,674,397$12,263,025
71$14,542,967$4,104,386$2,683,391$13,378,371
72$15,943,213$4,222,365$2,690,149$14,603,582
73$17,483,665$4,343,505$2,694,513$15,949,756
74$19,178,542$4,467,880$2,696,323$17,429,120
75$21,043,510$4,595,563$2,695,406$19,055,144
76$23,095,831$4,726,629$2,691,585$20,842,670
77$25,354,524$4,861,152$2,684,672$22,808,050
78$27,840,546$4,999,208$2,674,468$24,969,300
79$30,576,987$5,140,875$2,660,768$27,346,274
80$33,589,291$5,286,230$2,643,356$29,960,843
81$36,905,495$5,435,351$2,622,004$32,837,109
82$40,556,489$5,588,316$2,596,475$36,001,626
83$44,576,313$5,745,206$2,566,519$39,483,657
84$49,002,476$5,906,101$2,531,877$43,315,442
85$53,876,308$6,071,079$2,492,274$47,532,507
86$59,243,352$6,240,222$2,447,425$52,174,000
87$65,153,791$6,413,610$2,397,032$57,283,055
88$71,662,925$6,591,325$2,340,780$62,907,205
89$78,831,690$6,773,446$2,278,342$69,098,825
90$86,727,231$6,960,054$2,209,375$75,915,628
91$95,423,542$7,151,229$2,133,522$83,421,211
92$105,002,155$7,347,051$2,050,407$91,685,652
93$115,552,916$7,547,598$1,959,637$100,786,174
94$127,174,833$7,752,950$1,860,805$110,807,872
95$139,977,004$7,963,183$1,753,480$121,844,515
96$154,079,652$8,178,372$1,637,215$133,999,433
97$169,615,258$8,398,594$1,511,543$147,386,489
98$186,729,809$8,623,919$1,375,974$162,131,159
99$205,584,179$8,854,421$1,229,998$178,371,708
100$226,355,644$9,090,166$1,073,082$196,260,503