Can I retire at age 50 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$178,371$176,782$175,232$173,719$172,241$165,408
2 years$88,302$86,658$85,064$83,519$82,020$75,219
3 years$58,283$56,632$55,042$53,511$52,037$45,484
4 years$43,277$41,630$40,057$38,552$37,113$30,858
5 years$34,275$32,639$31,085$29,611$28,213$22,271
6 years$28,276$26,652$25,122$23,681$22,324$16,699
7 years$23,993$22,382$20,876$19,469$18,155$12,846
8 years$20,782$19,186$17,705$16,332$15,061$10,062
9 years$18,286$16,705$15,249$13,911$12,684$7,987
10 years$16,290$14,724$13,294$11,992$10,807$6,403
11 years$14,658$13,108$11,704$10,436$9,295$5,174
12 years$13,299$11,765$10,387$9,154$8,055$4,205
13 years$12,150$10,632$9,280$8,082$7,024$3,434
14 years$11,166$9,664$8,338$7,174$6,157$2,816
15 years$10,314$8,829$7,528$6,398$5,421$2,315
16 years$9,570$8,100$6,826$5,729$4,791$1,909
17 years$8,913$7,460$6,211$5,147$4,248$1,577
18 years$8,330$6,893$5,670$4,639$3,777$1,305
19 years$7,809$6,389$5,191$4,191$3,367$1,081
20 years$7,341$5,937$4,764$3,796$3,007$897
21 years$6,918$5,530$4,382$3,445$2,691$745
22 years$6,534$5,162$4,038$3,133$2,412$619
23 years$6,184$4,828$3,729$2,853$2,165$514
24 years$5,863$4,523$3,448$2,602$1,946$428
25 years$5,569$4,245$3,194$2,376$1,751$356
26 years$5,297$3,990$2,962$2,173$1,578$296
27 years$5,047$3,755$2,751$1,989$1,422$247
28 years$4,814$3,538$2,557$1,822$1,283$206
29 years$4,598$3,338$2,380$1,671$1,159$171
30 years$4,397$3,152$2,216$1,533$1,047$143
31 years$4,209$2,980$2,066$1,408$947$119
32 years$4,033$2,819$1,928$1,294$856$99
33 years$3,868$2,670$1,800$1,190$775$83
34 years$3,713$2,531$1,682$1,095$702$69
35 years$3,568$2,400$1,573$1,008$636$57
36 years$3,431$2,278$1,471$928$576$48
37 years$3,301$2,164$1,377$855$522$40
38 years$3,179$2,056$1,289$788$473$33
39 years$3,063$1,955$1,208$727$429$28
40 years$2,953$1,860$1,132$671$389$23
41 years$2,849$1,771$1,062$619$353$19
42 years$2,750$1,687$996$571$320$16
43 years$2,656$1,607$935$527$291$13
44 years$2,566$1,532$877$487$264$11
45 years$2,481$1,461$824$449$240$9
46 years$2,400$1,393$774$415$218$8
47 years$2,322$1,330$727$384$198$7
48 years$2,248$1,269$683$354$179$5
49 years$2,177$1,212$642$328$163$5
50 years$2,109$1,158$604$303$148$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,160,000, adding $6,285 every year, while hoping to spend $24,095 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: 51/42/7 Blend
49$2,160,000$2,160,000$2,160,000$2,160,000
50$2,386,803$2,272,323$2,238,843$2,504,054
51$2,604,620$2,358,030$2,288,207$2,670,211
52$2,843,847$2,447,129$2,338,418$2,847,610
53$3,106,642$2,539,761$2,389,477$3,039,874
54$3,395,382$2,636,072$2,441,388$3,248,405
55$3,712,688$2,736,217$2,494,152$3,474,742
56$4,061,445$2,840,354$2,547,769$3,720,579
57$4,444,833$2,948,651$2,602,239$3,987,775
58$4,866,353$3,061,282$2,657,561$4,278,376
59$5,329,864$3,178,429$2,713,732$4,594,630
60$5,839,619$3,300,281$2,770,751$4,939,010
61$6,400,301$3,427,035$2,828,612$5,314,237
62$7,017,072$3,558,900$2,887,311$5,723,300
63$7,695,617$3,696,090$2,946,840$6,169,491
64$8,442,203$3,838,831$3,007,191$6,656,429
65$9,263,731$3,987,357$3,068,356$7,188,098
66$10,167,809$4,141,915$3,130,323$7,768,879
67$11,162,816$4,302,760$3,193,080$8,403,595
68$12,257,988$4,470,160$3,256,613$9,097,553
69$13,463,500$4,644,394$3,320,906$9,856,592
70$14,790,562$4,825,755$3,385,941$10,687,142
71$16,251,529$5,014,546$3,451,700$11,596,279
72$17,860,012$5,211,087$3,518,160$12,591,791
73$19,631,012$5,415,709$3,585,297$13,682,254
74$21,581,057$5,628,760$3,653,086$14,877,108
75$23,728,358$5,850,602$3,721,497$16,186,746
76$26,092,984$6,081,615$3,790,501$17,622,612
77$28,697,048$6,322,194$3,860,062$19,197,307
78$31,564,917$6,572,753$3,930,145$20,924,704
79$34,723,444$6,833,723$4,000,710$22,820,082
80$38,202,216$7,105,556$4,071,715$24,900,267
81$42,033,838$7,388,724$4,143,113$27,183,787
82$46,254,238$7,683,719$4,214,855$29,691,049
83$50,903,006$7,991,057$4,286,889$32,444,526
84$56,023,770$8,311,276$4,359,157$35,468,971
85$61,664,604$8,644,939$4,431,598$38,791,647
86$67,878,485$8,992,633$4,504,149$42,442,582
87$74,723,792$9,354,972$4,576,738$46,454,851
88$82,264,853$9,732,600$4,649,293$50,864,888
89$90,572,558$10,126,188$4,721,735$55,712,822
90$99,725,025$10,536,437$4,793,979$61,042,863
91$109,808,336$10,964,081$4,865,936$66,903,705
92$120,917,353$11,409,888$4,937,512$73,348,996
93$133,156,610$11,874,659$5,008,605$80,437,831
94$146,641,300$12,359,233$5,079,109$88,235,314
95$161,498,364$12,864,487$5,148,911$96,813,165
96$177,867,687$13,391,337$5,217,890$106,250,399
97$195,903,421$13,940,743$5,285,919$116,634,065
98$215,775,437$14,513,706$5,352,864$128,060,066
99$237,670,929$15,111,275$5,418,582$140,634,062
100$261,796,182$15,734,546$5,482,923$154,472,461