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%15.1%
1 years$178,371$176,782$175,232$173,719$172,241$168,626
2 years$88,302$86,658$85,064$83,519$82,020$78,394
3 years$58,283$56,632$55,042$53,511$52,037$48,514
4 years$43,277$41,630$40,057$38,552$37,113$33,721
5 years$34,275$32,639$31,085$29,611$28,213$24,960
6 years$28,276$26,652$25,122$23,681$22,324$19,215
7 years$23,993$22,382$20,876$19,469$18,155$15,190
8 years$20,782$19,186$17,705$16,332$15,061$12,239
9 years$18,286$16,705$15,249$13,911$12,684$10,003
10 years$16,290$14,724$13,294$11,992$10,807$8,265
11 years$14,658$13,108$11,704$10,436$9,295$6,887
12 years$13,299$11,765$10,387$9,154$8,055$5,779
13 years$12,150$10,632$9,280$8,082$7,024$4,875
14 years$11,166$9,664$8,338$7,174$6,157$4,132
15 years$10,314$8,829$7,528$6,398$5,421$3,515
16 years$9,570$8,100$6,826$5,729$4,791$3,000
17 years$8,913$7,460$6,211$5,147$4,248$2,566
18 years$8,330$6,893$5,670$4,639$3,777$2,201
19 years$7,809$6,389$5,191$4,191$3,367$1,890
20 years$7,341$5,937$4,764$3,796$3,007$1,627
21 years$6,918$5,530$4,382$3,445$2,691$1,401
22 years$6,534$5,162$4,038$3,133$2,412$1,209
23 years$6,184$4,828$3,729$2,853$2,165$1,044
24 years$5,863$4,523$3,448$2,602$1,946$902
25 years$5,569$4,245$3,194$2,376$1,751$780
26 years$5,297$3,990$2,962$2,173$1,578$675
27 years$5,047$3,755$2,751$1,989$1,422$584
28 years$4,814$3,538$2,557$1,822$1,283$506
29 years$4,598$3,338$2,380$1,671$1,159$439
30 years$4,397$3,152$2,216$1,533$1,047$380
31 years$4,209$2,980$2,066$1,408$947$330
32 years$4,033$2,819$1,928$1,294$856$286
33 years$3,868$2,670$1,800$1,190$775$248
34 years$3,713$2,531$1,682$1,095$702$215
35 years$3,568$2,400$1,573$1,008$636$187
36 years$3,431$2,278$1,471$928$576$162
37 years$3,301$2,164$1,377$855$522$141
38 years$3,179$2,056$1,289$788$473$122
39 years$3,063$1,955$1,208$727$429$106
40 years$2,953$1,860$1,132$671$389$92
41 years$2,849$1,771$1,062$619$353$80
42 years$2,750$1,687$996$571$320$69
43 years$2,656$1,607$935$527$291$60
44 years$2,566$1,532$877$487$264$52
45 years$2,481$1,461$824$449$240$46
46 years$2,400$1,393$774$415$218$40
47 years$2,322$1,330$727$384$198$34
48 years$2,248$1,269$683$354$179$30
49 years$2,177$1,212$642$328$163$26
50 years$2,109$1,158$604$303$148$23

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 $2,717 every year, while hoping to spend $24,796 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: 38/47/15 Blend
49$2,160,000$2,160,000$2,160,000$2,160,000
50$2,383,123$2,268,643$2,235,163$2,462,784
51$2,599,818$2,353,423$2,283,658$2,604,795
52$2,837,786$2,441,527$2,332,947$2,755,581
53$3,099,169$2,533,091$2,383,029$2,918,003
54$3,386,329$2,628,257$2,433,905$3,093,120
55$3,701,867$2,727,174$2,485,574$3,282,094
56$4,048,650$2,829,998$2,538,032$3,486,203
57$4,429,833$2,936,889$2,591,278$3,706,847
58$4,848,896$3,048,017$2,645,306$3,945,566
59$5,309,672$3,163,558$2,700,111$4,204,051
60$5,816,381$3,283,695$2,755,688$4,484,158
61$6,373,676$3,408,620$2,812,027$4,787,930
62$6,986,681$3,538,533$2,869,121$5,117,610
63$7,661,045$3,673,643$2,926,959$5,475,664
64$8,402,987$3,814,167$2,985,528$5,864,803
65$9,219,365$3,960,334$3,044,815$6,288,008
66$10,117,729$4,112,380$3,104,806$6,748,556
67$11,106,404$4,270,552$3,165,483$7,250,052
68$12,194,558$4,435,110$3,226,828$7,796,461
69$13,392,296$4,606,324$3,288,820$8,392,144
70$14,710,751$4,784,475$3,351,436$9,041,897
71$16,162,190$4,969,856$3,414,651$9,751,001
72$17,760,131$5,162,777$3,478,440$10,525,262
73$19,519,467$5,363,556$3,542,771$11,371,072
74$21,456,612$5,572,529$3,607,612$12,295,462
75$23,589,649$5,790,046$3,672,931$13,306,175
76$25,938,507$6,016,472$3,738,687$14,411,728
77$28,525,144$6,252,188$3,804,843$15,621,500
78$31,373,757$6,497,594$3,871,353$16,945,812
79$34,511,008$6,753,103$3,938,171$18,396,028
80$37,966,278$7,019,153$4,005,247$19,984,658
81$41,771,943$7,296,196$4,072,527$21,725,475
82$45,963,678$7,584,707$4,139,954$23,633,645
83$50,580,797$7,885,181$4,207,466$25,725,863
84$55,666,620$8,198,136$4,274,998$28,020,518
85$61,268,884$8,524,114$4,342,479$30,537,855
86$67,440,193$8,863,679$4,409,836$33,300,169
87$74,238,516$9,217,422$4,476,988$36,332,015
88$81,727,729$9,585,960$4,543,852$39,660,434
89$89,978,224$9,969,939$4,610,337$43,315,206
90$99,067,569$10,370,032$4,676,349$47,329,132
91$109,081,241$10,786,943$4,741,787$51,738,337
92$120,113,434$11,221,410$4,806,544$56,582,615
93$132,267,947$11,674,202$4,870,506$61,905,792
94$145,659,163$12,146,124$4,933,553$67,756,148
95$160,413,130$12,638,016$4,995,559$74,186,859
96$176,668,748$13,150,757$5,056,389$81,256,507
97$194,579,084$13,685,268$5,115,902$89,029,619
98$214,312,813$14,242,508$5,173,947$97,577,281
99$236,055,812$14,823,483$5,230,366$106,977,802
100$260,012,914$15,429,244$5,284,993$117,317,451