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

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$176,719$175,145$173,609$172,110$170,647$169,785
2 years$87,485$85,855$84,276$82,745$81,260$80,391
3 years$57,744$56,107$54,532$53,016$51,555$50,704
4 years$42,876$41,245$39,686$38,195$36,769$35,944
5 years$33,958$32,337$30,798$29,337$27,951$27,154
6 years$28,015$26,405$24,889$23,461$22,117$21,349
7 years$23,771$22,175$20,683$19,289$17,987$17,248
8 years$20,590$19,008$17,541$16,181$14,922$14,213
9 years$18,116$16,550$15,108$13,783$12,567$11,886
10 years$16,139$14,588$13,171$11,881$10,707$10,056
11 years$14,522$12,987$11,596$10,340$9,209$8,586
12 years$13,176$11,656$10,291$9,069$7,980$7,385
13 years$12,038$10,534$9,194$8,007$6,959$6,391
14 years$11,063$9,575$8,261$7,108$6,100$5,559
15 years$10,219$8,747$7,459$6,339$5,371$4,857
16 years$9,481$8,025$6,762$5,676$4,747$4,258
17 years$8,831$7,391$6,154$5,100$4,209$3,745
18 years$8,253$6,829$5,617$4,596$3,742$3,302
19 years$7,737$6,330$5,142$4,153$3,336$2,918
20 years$7,273$5,882$4,719$3,761$2,979$2,584
21 years$6,854$5,479$4,341$3,413$2,666$2,293
22 years$6,473$5,114$4,001$3,104$2,390$2,037
23 years$6,127$4,783$3,694$2,826$2,145$1,812
24 years$5,809$4,481$3,416$2,578$1,928$1,614
25 years$5,517$4,206$3,164$2,354$1,735$1,439
26 years$5,248$3,953$2,935$2,153$1,563$1,285
27 years$5,000$3,720$2,725$1,970$1,409$1,147
28 years$4,770$3,505$2,533$1,805$1,271$1,026
29 years$4,556$3,307$2,358$1,655$1,148$917
30 years$4,356$3,123$2,196$1,519$1,037$821
31 years$4,170$2,952$2,047$1,395$938$735
32 years$3,996$2,793$1,910$1,282$848$658
33 years$3,832$2,645$1,783$1,179$768$590
34 years$3,679$2,507$1,666$1,085$695$529
35 years$3,535$2,378$1,558$999$630$474
36 years$3,399$2,257$1,457$920$570$426
37 years$3,271$2,144$1,364$848$517$382
38 years$3,149$2,037$1,277$781$469$343
39 years$3,034$1,937$1,197$720$425$308
40 years$2,926$1,843$1,122$664$386$276
41 years$2,823$1,754$1,052$613$350$248
42 years$2,725$1,671$987$566$317$223
43 years$2,631$1,592$926$522$288$200
44 years$2,543$1,518$869$482$261$180
45 years$2,458$1,447$816$445$237$161
46 years$2,377$1,381$766$411$216$145
47 years$2,301$1,317$720$380$196$130
48 years$2,227$1,258$677$351$178$117
49 years$2,157$1,201$636$325$161$105
50 years$2,089$1,147$598$300$147$95

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 $3,649 every year, while hoping to spend $21,461 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: 39/42/19 Blend
49$2,140,000$2,140,000$2,140,000$2,140,000
50$2,362,044$2,248,624$2,215,454$2,440,644
51$2,580,138$2,335,972$2,266,837$2,584,726
52$2,819,759$2,426,881$2,319,223$2,738,097
53$3,083,078$2,521,503$2,372,621$2,903,490
54$3,372,491$2,619,996$2,427,043$3,082,006
55$3,690,635$2,722,525$2,482,499$3,274,852
56$4,040,416$2,829,264$2,538,998$3,483,357
57$4,425,033$2,940,394$2,596,550$3,708,976
58$4,848,016$3,056,102$2,655,163$3,953,312
59$5,313,249$3,176,587$2,714,847$4,218,122
60$5,825,014$3,302,053$2,775,608$4,505,339
61$6,388,028$3,432,716$2,837,453$4,817,087
62$7,007,489$3,568,801$2,900,390$5,155,699
63$7,689,123$3,710,543$2,964,423$5,523,742
64$8,439,240$3,858,186$3,029,558$5,924,035
65$9,264,793$4,011,987$3,095,798$6,359,682
66$10,173,441$4,172,214$3,163,147$6,834,093
67$11,173,627$4,339,147$3,231,607$7,351,020
68$12,274,650$4,513,078$3,301,179$7,914,588
69$13,486,758$4,694,313$3,371,863$8,529,338
70$14,821,245$4,883,172$3,443,657$9,200,263
71$16,290,552$5,079,988$3,516,560$9,932,857
72$17,908,392$5,285,111$3,590,568$10,733,167
73$19,689,872$5,498,905$3,665,676$11,607,845
74$21,651,639$5,721,752$3,741,877$12,564,214
75$23,812,039$5,954,050$3,819,162$13,610,331
76$26,191,285$6,196,217$3,897,523$14,755,065
77$28,811,653$6,448,688$3,976,947$16,008,181
78$31,697,688$6,711,920$4,057,420$17,380,425
79$34,876,436$6,986,388$4,138,928$18,883,629
80$38,377,702$7,272,591$4,221,451$20,530,817
81$42,234,329$7,571,049$4,304,972$22,336,332
82$46,482,509$7,882,309$4,389,466$24,315,963
83$51,162,122$8,206,939$4,474,910$26,487,096
84$56,317,114$8,545,535$4,561,276$28,868,876
85$61,995,915$8,898,721$4,648,533$31,482,385
86$68,251,888$9,267,148$4,736,649$34,350,840
87$75,143,840$9,651,498$4,825,587$37,499,807
88$82,736,576$10,052,485$4,915,307$40,957,444
89$91,101,504$10,470,854$5,005,768$44,754,762
90$100,317,317$10,907,386$5,096,921$48,925,917
91$110,470,732$11,362,897$5,188,717$53,508,527
92$121,657,309$11,838,241$5,281,101$58,544,028
93$133,982,351$12,334,312$5,374,014$64,078,059
94$147,561,902$12,852,043$5,467,394$70,160,894
95$162,523,837$13,392,415$5,561,173$76,847,908
96$179,009,074$13,956,449$5,655,278$84,200,102
97$197,172,901$14,545,216$5,749,632$92,284,673
98$217,186,443$15,159,838$5,844,150$101,175,643
99$239,238,276$15,801,486$5,938,746$110,954,559
100$263,536,209$16,471,388$6,033,322$121,711,254