Can I retire at age 50 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$176,719$175,145$173,609$172,110$170,647$167,270
2 years$87,485$85,855$84,276$82,745$81,260$77,872
3 years$57,744$56,107$54,532$53,016$51,555$48,261
4 years$42,876$41,245$39,686$38,195$36,769$33,596
5 years$33,958$32,337$30,798$29,337$27,951$24,907
6 years$28,015$26,405$24,889$23,461$22,117$19,205
7 years$23,771$22,175$20,683$19,289$17,987$15,208
8 years$20,590$19,008$17,541$16,181$14,922$12,275
9 years$18,116$16,550$15,108$13,783$12,567$10,050
10 years$16,139$14,588$13,171$11,881$10,707$8,319
11 years$14,522$12,987$11,596$10,340$9,209$6,946
12 years$13,176$11,656$10,291$9,069$7,980$5,839
13 years$12,038$10,534$9,194$8,007$6,959$4,936
14 years$11,063$9,575$8,261$7,108$6,100$4,192
15 years$10,219$8,747$7,459$6,339$5,371$3,574
16 years$9,481$8,025$6,762$5,676$4,747$3,056
17 years$8,831$7,391$6,154$5,100$4,209$2,620
18 years$8,253$6,829$5,617$4,596$3,742$2,252
19 years$7,737$6,330$5,142$4,153$3,336$1,939
20 years$7,273$5,882$4,719$3,761$2,979$1,672
21 years$6,854$5,479$4,341$3,413$2,666$1,444
22 years$6,473$5,114$4,001$3,104$2,390$1,248
23 years$6,127$4,783$3,694$2,826$2,145$1,080
24 years$5,809$4,481$3,416$2,578$1,928$936
25 years$5,517$4,206$3,164$2,354$1,735$811
26 years$5,248$3,953$2,935$2,153$1,563$704
27 years$5,000$3,720$2,725$1,970$1,409$611
28 years$4,770$3,505$2,533$1,805$1,271$530
29 years$4,556$3,307$2,358$1,655$1,148$461
30 years$4,356$3,123$2,196$1,519$1,037$400
31 years$4,170$2,952$2,047$1,395$938$348
32 years$3,996$2,793$1,910$1,282$848$303
33 years$3,832$2,645$1,783$1,179$768$263
34 years$3,679$2,507$1,666$1,085$695$229
35 years$3,535$2,378$1,558$999$630$199
36 years$3,399$2,257$1,457$920$570$173
37 years$3,271$2,144$1,364$848$517$151
38 years$3,149$2,037$1,277$781$469$131
39 years$3,034$1,937$1,197$720$425$114
40 years$2,926$1,843$1,122$664$386$99
41 years$2,823$1,754$1,052$613$350$87
42 years$2,725$1,671$987$566$317$75
43 years$2,631$1,592$926$522$288$66
44 years$2,543$1,518$869$482$261$57
45 years$2,458$1,447$816$445$237$50
46 years$2,377$1,381$766$411$216$43
47 years$2,301$1,317$720$380$196$38
48 years$2,227$1,258$677$351$178$33
49 years$2,157$1,201$636$325$161$29
50 years$2,089$1,147$598$300$147$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,140,000, adding $5,376 every year, while hoping to spend $40,215 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: 66/25/9 Blend
49$2,140,000$2,140,000$2,140,000$2,140,000
50$2,363,825$2,250,405$2,217,235$2,515,204
51$2,562,147$2,317,887$2,248,724$2,684,065
52$2,779,350$2,387,327$2,279,920$2,863,265
53$3,017,317$2,458,779$2,310,771$3,058,066
54$3,278,123$2,532,299$2,341,221$3,269,986
55$3,564,051$2,607,942$2,371,212$3,500,697
56$3,877,619$2,685,765$2,400,682$3,752,037
57$4,221,596$2,765,828$2,429,565$4,026,032
58$4,599,036$2,848,190$2,457,792$4,324,910
59$5,013,299$2,932,914$2,485,291$4,651,128
60$5,468,091$3,020,061$2,511,983$5,007,386
61$5,967,489$3,109,697$2,537,787$5,396,663
62$6,515,988$3,201,887$2,562,618$5,822,235
63$7,118,538$3,296,699$2,586,385$6,287,714
64$7,780,592$3,394,201$2,608,992$6,797,073
65$8,508,159$3,494,463$2,630,340$7,354,693
66$9,307,857$3,597,558$2,650,322$7,965,397
67$10,186,978$3,703,558$2,668,828$8,634,496
68$11,153,556$3,812,538$2,685,739$9,367,843
69$12,216,440$3,924,574$2,700,934$10,171,884
70$13,385,384$4,039,745$2,714,281$11,053,720
71$14,671,130$4,158,130$2,725,647$12,021,173
72$16,085,516$4,279,809$2,734,887$13,082,861
73$17,641,585$4,404,865$2,741,851$14,248,278
74$19,353,705$4,533,382$2,746,382$15,527,882
75$21,237,711$4,665,446$2,748,314$16,933,199
76$23,311,049$4,801,144$2,747,474$18,476,921
77$25,592,941$4,940,565$2,743,679$20,173,038
78$28,104,566$5,083,798$2,736,738$22,036,961
79$30,869,264$5,230,936$2,726,450$24,085,668
80$33,912,748$5,382,071$2,712,606$26,337,868
81$37,263,355$5,537,300$2,694,985$28,814,174
82$40,952,306$5,696,716$2,673,356$31,537,300
83$45,014,005$5,860,419$2,647,477$34,532,270
84$49,486,361$6,028,507$2,617,095$37,826,659
85$54,411,147$6,201,081$2,581,944$41,450,852
86$59,834,392$6,378,242$2,541,747$45,438,327
87$65,806,817$6,560,093$2,496,213$49,825,976
88$72,384,313$6,746,738$2,445,037$54,654,448
89$79,628,467$6,938,282$2,387,900$59,968,535
90$87,607,145$7,134,832$2,324,469$65,817,594
91$96,395,131$7,336,496$2,254,395$72,256,013
92$106,074,830$7,543,380$2,177,314$79,343,723
93$116,737,052$7,755,595$2,092,843$87,146,763
94$128,481,862$7,973,250$2,000,584$95,737,907
95$141,419,529$8,196,456$1,900,120$105,197,343
96$155,671,561$8,425,323$1,791,014$115,613,439
97$171,371,859$8,659,962$1,672,812$127,083,569
98$188,667,974$8,900,485$1,545,036$139,715,035
99$207,722,502$9,147,004$1,407,190$153,626,080
100$228,714,620$9,399,630$1,258,753$168,947,005