Can I retire at age 50 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$177,545$175,964$174,421$172,915$171,444$170,435
2 years$87,894$86,257$84,670$83,132$81,640$80,622
3 years$58,014$56,370$54,787$53,263$51,796$50,800
4 years$43,077$41,438$39,871$38,373$36,941$35,976
5 years$34,117$32,488$30,942$29,474$28,082$27,150
6 years$28,145$26,529$25,005$23,571$22,220$21,323
7 years$23,882$22,279$20,780$19,379$18,071$17,208
8 years$20,686$19,097$17,623$16,257$14,992$14,163
9 years$18,201$16,627$15,178$13,847$12,625$11,831
10 years$16,215$14,656$13,233$11,936$10,757$9,998
11 years$14,590$13,048$11,650$10,388$9,252$8,526
12 years$13,238$11,711$10,339$9,112$8,017$7,324
13 years$12,094$10,583$9,237$8,044$6,991$6,331
14 years$11,115$9,620$8,300$7,141$6,128$5,499
15 years$10,267$8,788$7,494$6,368$5,396$4,798
16 years$9,525$8,063$6,794$5,702$4,769$4,201
17 years$8,872$7,425$6,182$5,123$4,229$3,689
18 years$8,292$6,861$5,644$4,617$3,760$3,248
19 years$7,773$6,359$5,166$4,172$3,351$2,867
20 years$7,307$5,909$4,742$3,779$2,993$2,535
21 years$6,886$5,504$4,361$3,429$2,679$2,246
22 years$6,504$5,138$4,020$3,118$2,401$1,992
23 years$6,155$4,805$3,711$2,840$2,155$1,770
24 years$5,836$4,502$3,432$2,590$1,937$1,574
25 years$5,543$4,225$3,179$2,365$1,743$1,401
26 years$5,273$3,971$2,948$2,163$1,570$1,249
27 years$5,023$3,737$2,738$1,980$1,416$1,114
28 years$4,792$3,522$2,545$1,814$1,277$994
29 years$4,577$3,322$2,369$1,663$1,153$888
30 years$4,376$3,137$2,206$1,526$1,042$793
31 years$4,189$2,966$2,057$1,402$942$709
32 years$4,014$2,806$1,919$1,288$852$634
33 years$3,850$2,658$1,792$1,185$771$567
34 years$3,696$2,519$1,674$1,090$698$508
35 years$3,551$2,389$1,565$1,003$633$454
36 years$3,415$2,268$1,464$924$573$407
37 years$3,286$2,154$1,370$852$519$365
38 years$3,164$2,047$1,283$785$471$327
39 years$3,049$1,946$1,202$724$427$293
40 years$2,939$1,852$1,127$667$387$262
41 years$2,836$1,763$1,057$616$351$235
42 years$2,737$1,679$991$568$319$211
43 years$2,644$1,599$930$525$289$189
44 years$2,555$1,525$873$484$263$170
45 years$2,470$1,454$820$447$238$152
46 years$2,389$1,387$770$413$217$136
47 years$2,311$1,324$723$382$197$122
48 years$2,237$1,264$680$353$179$110
49 years$2,167$1,207$639$326$162$98
50 years$2,099$1,153$601$301$147$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,150,000, adding $5,492 every year, while hoping to spend $31,180 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: 48/45/7 Blend
49$2,150,000$2,150,000$2,150,000$2,150,000
50$2,374,965$2,261,015$2,227,690$2,484,320
51$2,584,036$2,338,629$2,269,142$2,637,396
52$2,813,388$2,419,002$2,310,938$2,799,754
53$3,065,055$2,502,235$2,353,056$2,975,293
54$3,341,280$2,588,434$2,395,474$3,165,245
55$3,644,534$2,677,710$2,438,165$3,370,970
56$3,977,536$2,770,178$2,481,104$3,593,957
57$4,343,284$2,865,956$2,524,260$3,835,847
58$4,745,080$2,965,169$2,567,604$4,098,443
59$5,186,561$3,067,945$2,611,101$4,383,726
60$5,671,733$3,174,417$2,654,716$4,693,876
61$6,205,012$3,284,725$2,698,410$5,031,293
62$6,791,260$3,399,014$2,742,144$5,398,612
63$7,435,835$3,517,432$2,785,872$5,798,738
64$8,144,640$3,640,137$2,829,550$6,234,861
65$8,924,180$3,767,290$2,873,126$6,710,497
66$9,781,620$3,899,061$2,916,549$7,229,510
67$10,724,855$4,035,624$2,959,763$7,796,156
68$11,762,583$4,177,162$3,002,708$8,415,119
69$12,904,388$4,323,865$3,045,321$9,091,553
70$14,160,832$4,475,931$3,087,535$9,831,132
71$15,543,549$4,633,564$3,129,280$10,640,102
72$17,065,360$4,796,977$3,170,480$11,525,342
73$18,740,391$4,966,394$3,211,055$12,494,422
74$20,584,209$5,142,044$3,250,923$13,555,679
75$22,613,962$5,324,169$3,289,993$14,718,293
76$24,848,551$5,513,018$3,328,173$15,992,371
77$27,308,799$5,708,852$3,365,362$17,389,043
78$30,017,652$5,911,940$3,401,457$18,920,569
79$33,000,393$6,122,566$3,436,346$20,600,447
80$36,284,883$6,341,022$3,469,914$22,443,544
81$39,901,823$6,567,614$3,502,038$24,466,236
82$43,885,040$6,802,659$3,532,588$26,686,556
83$48,271,813$7,046,487$3,561,428$29,124,369
84$53,103,217$7,299,445$3,588,415$31,801,557
85$58,424,516$7,561,888$3,613,398$34,742,218
86$64,285,589$7,834,192$3,636,218$37,972,903
87$70,741,396$8,116,745$3,656,709$41,522,855
88$77,852,504$8,409,951$3,674,694$45,424,290
89$85,685,653$8,714,232$3,689,990$49,712,697
90$94,314,387$9,030,027$3,702,402$54,427,170
91$103,819,749$9,357,793$3,711,727$59,610,780
92$114,291,044$9,698,006$3,717,752$65,310,975
93$125,826,685$10,051,163$3,720,251$71,580,029
94$138,535,117$10,417,780$3,718,989$78,475,533
95$152,535,843$10,798,395$3,713,719$86,060,937
96$167,960,553$11,193,571$3,704,183$94,406,144
97$184,954,364$11,603,890$3,690,108$103,588,173
98$203,677,192$12,029,963$3,671,209$113,691,880
99$224,305,259$12,472,425$3,647,187$124,810,757
100$247,032,757$12,931,936$3,617,730$137,047,816