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%18.8%
1 years$176,719$175,145$173,609$172,110$170,647$164,592
2 years$87,485$85,855$84,276$82,745$81,260$75,225
3 years$57,744$56,107$54,532$53,016$51,555$45,728
4 years$42,876$41,245$39,686$38,195$36,769$31,196
5 years$33,958$32,337$30,798$29,337$27,951$22,646
6 years$28,015$26,405$24,889$23,461$22,117$17,084
7 years$23,771$22,175$20,683$19,289$17,987$13,225
8 years$20,590$19,008$17,541$16,181$14,922$10,427
9 years$18,116$16,550$15,108$13,783$12,567$8,333
10 years$16,139$14,588$13,171$11,881$10,707$6,727
11 years$14,522$12,987$11,596$10,340$9,209$5,474
12 years$13,176$11,656$10,291$9,069$7,980$4,483
13 years$12,038$10,534$9,194$8,007$6,959$3,689
14 years$11,063$9,575$8,261$7,108$6,100$3,047
15 years$10,219$8,747$7,459$6,339$5,371$2,526
16 years$9,481$8,025$6,762$5,676$4,747$2,099
17 years$8,831$7,391$6,154$5,100$4,209$1,748
18 years$8,253$6,829$5,617$4,596$3,742$1,458
19 years$7,737$6,330$5,142$4,153$3,336$1,219
20 years$7,273$5,882$4,719$3,761$2,979$1,019
21 years$6,854$5,479$4,341$3,413$2,666$854
22 years$6,473$5,114$4,001$3,104$2,390$715
23 years$6,127$4,783$3,694$2,826$2,145$600
24 years$5,809$4,481$3,416$2,578$1,928$503
25 years$5,517$4,206$3,164$2,354$1,735$423
26 years$5,248$3,953$2,935$2,153$1,563$355
27 years$5,000$3,720$2,725$1,970$1,409$298
28 years$4,770$3,505$2,533$1,805$1,271$251
29 years$4,556$3,307$2,358$1,655$1,148$211
30 years$4,356$3,123$2,196$1,519$1,037$177
31 years$4,170$2,952$2,047$1,395$938$149
32 years$3,996$2,793$1,910$1,282$848$125
33 years$3,832$2,645$1,783$1,179$768$105
34 years$3,679$2,507$1,666$1,085$695$89
35 years$3,535$2,378$1,558$999$630$75
36 years$3,399$2,257$1,457$920$570$63
37 years$3,271$2,144$1,364$848$517$53
38 years$3,149$2,037$1,277$781$469$44
39 years$3,034$1,937$1,197$720$425$37
40 years$2,926$1,843$1,122$664$386$32
41 years$2,823$1,754$1,052$613$350$27
42 years$2,725$1,671$987$566$317$22
43 years$2,631$1,592$926$522$288$19
44 years$2,543$1,518$869$482$261$16
45 years$2,458$1,447$816$445$237$13
46 years$2,377$1,381$766$411$216$11
47 years$2,301$1,317$720$380$196$9
48 years$2,227$1,258$677$351$178$8
49 years$2,157$1,201$636$325$161$7
50 years$2,089$1,147$598$300$147$6

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 $3,890 every year, while hoping to spend $46,894 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: 43/45/12 Blend
49$2,140,000$2,140,000$2,140,000$2,140,000
50$2,362,293$2,248,873$2,215,703$2,455,487
51$2,553,352$2,309,172$2,240,034$2,581,274
52$2,762,327$2,370,855$2,263,608$2,712,450
53$2,990,996$2,433,940$2,286,351$2,853,520
54$3,241,318$2,498,443$2,308,184$3,005,411
55$3,515,448$2,564,381$2,329,023$3,169,142
56$3,815,759$2,631,772$2,348,782$3,345,834
57$4,144,867$2,700,629$2,367,366$3,536,722
58$4,505,651$2,770,967$2,384,680$3,743,166
59$4,901,282$2,842,799$2,400,622$3,966,661
60$5,335,253$2,916,137$2,415,083$4,208,856
61$5,811,411$2,990,990$2,427,951$4,471,564
62$6,333,994$3,067,368$2,439,106$4,756,783
63$6,907,670$3,145,277$2,448,425$5,066,713
64$7,537,581$3,224,724$2,455,776$5,403,776
65$8,229,390$3,305,712$2,461,020$5,770,642
66$8,989,338$3,388,242$2,464,014$6,170,250
67$9,824,298$3,472,313$2,464,606$6,605,839
68$10,741,842$3,557,922$2,462,636$7,080,974
69$11,750,313$3,645,063$2,457,937$7,599,586
70$12,858,901$3,733,727$2,450,334$8,166,005
71$14,077,732$3,823,903$2,439,644$8,785,000
72$15,417,961$3,915,575$2,425,672$9,461,826
73$16,891,879$4,008,724$2,408,218$10,202,274
74$18,513,027$4,103,328$2,387,070$11,012,724
75$20,296,325$4,199,360$2,362,006$11,900,205
76$22,258,211$4,296,789$2,332,794$12,872,464
77$24,416,796$4,395,580$2,299,190$13,938,037
78$26,792,037$4,495,691$2,260,941$15,106,328
79$29,405,921$4,597,076$2,217,779$16,387,704
80$32,282,676$4,699,684$2,169,426$17,793,584
81$35,448,997$4,803,456$2,115,589$19,336,556
82$38,934,297$4,908,328$2,055,964$21,030,489
83$42,770,988$5,014,228$1,990,231$22,890,668
84$46,994,780$5,121,077$1,918,055$24,933,938
85$51,645,026$5,228,788$1,839,088$27,178,861
86$56,765,085$5,337,265$1,752,964$29,645,893
87$62,402,736$5,446,404$1,659,301$32,357,579
88$68,610,628$5,556,091$1,557,700$35,338,763
89$75,446,774$5,666,201$1,447,745$38,616,826
90$82,975,099$5,776,598$1,328,998$42,221,941
91$91,266,044$5,887,137$1,201,005$46,187,364
92$100,397,232$5,997,659$1,063,291$50,549,741
93$110,454,196$6,107,990$915,357$55,349,461
94$121,531,188$6,217,946$756,686$60,631,035
95$133,732,070$6,327,325$586,735$66,443,517
96$147,171,289$6,435,912$404,938$72,840,968
97$161,974,963$6,543,475$210,706$79,882,966
98$178,282,066$6,649,762$3,422$87,635,173
99$196,245,742$6,754,505$0$96,169,951
100$216,034,748$6,857,416$0$105,594,933