Can I retire at age 50 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$179,197$177,600$176,043$174,523$173,039$167,500
2 years$88,711$87,059$85,458$83,905$82,399$76,870
3 years$58,553$56,894$55,297$53,759$52,278$46,931
4 years$43,477$41,823$40,242$38,730$37,285$32,163
5 years$34,434$32,790$31,229$29,749$28,343$23,459
6 years$28,407$26,775$25,238$23,790$22,427$17,785
7 years$24,104$22,486$20,973$19,559$18,239$13,838
8 years$20,878$19,275$17,787$16,408$15,131$10,969
9 years$18,370$16,782$15,320$13,976$12,743$8,814
10 years$16,365$14,793$13,356$12,047$10,857$7,156
11 years$14,726$13,169$11,758$10,485$9,338$5,858
12 years$13,361$11,820$10,435$9,196$8,092$4,825
13 years$12,207$10,682$9,323$8,119$7,056$3,995
14 years$11,218$9,709$8,377$7,207$6,185$3,321
15 years$10,362$8,870$7,563$6,428$5,446$2,770
16 years$9,614$8,138$6,857$5,755$4,813$2,317
17 years$8,954$7,494$6,240$5,171$4,268$1,943
18 years$8,369$6,925$5,696$4,660$3,795$1,632
19 years$7,846$6,418$5,215$4,211$3,382$1,373
20 years$7,375$5,964$4,786$3,814$3,021$1,156
21 years$6,950$5,555$4,402$3,461$2,704$975
22 years$6,564$5,186$4,057$3,147$2,423$823
23 years$6,212$4,850$3,746$2,866$2,175$695
24 years$5,890$4,544$3,464$2,614$1,955$587
25 years$5,595$4,265$3,209$2,387$1,759$497
26 years$5,322$4,008$2,976$2,183$1,585$420
27 years$5,070$3,772$2,763$1,998$1,429$356
28 years$4,836$3,554$2,569$1,831$1,289$301
29 years$4,619$3,353$2,391$1,679$1,164$255
30 years$4,417$3,167$2,227$1,541$1,052$216
31 years$4,228$2,994$2,076$1,415$951$183
32 years$4,052$2,832$1,937$1,300$860$155
33 years$3,886$2,682$1,808$1,196$779$131
34 years$3,731$2,542$1,690$1,100$705$111
35 years$3,584$2,411$1,580$1,013$638$94
36 years$3,446$2,289$1,478$933$578$80
37 years$3,316$2,174$1,383$859$524$68
38 years$3,193$2,066$1,295$792$475$58
39 years$3,077$1,964$1,214$730$431$49
40 years$2,967$1,869$1,138$674$391$41
41 years$2,862$1,779$1,067$622$355$35
42 years$2,763$1,694$1,001$574$322$30
43 years$2,668$1,614$939$530$292$25
44 years$2,578$1,539$881$489$265$21
45 years$2,493$1,467$827$452$241$18
46 years$2,411$1,400$777$417$219$15
47 years$2,333$1,336$730$385$198$13
48 years$2,258$1,275$686$356$180$11
49 years$2,187$1,218$645$329$164$9
50 years$2,119$1,163$606$304$149$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,170,000, adding $3,808 every year, while hoping to spend $59,409 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: 50/25/25 Blend
49$2,170,000$2,170,000$2,170,000$2,170,000
50$2,395,268$2,280,258$2,246,623$2,497,980
51$2,576,375$2,328,780$2,258,674$2,618,417
52$2,773,963$2,377,688$2,269,138$2,742,961
53$2,989,651$2,426,939$2,277,898$2,877,132
54$3,225,222$2,476,485$2,284,834$3,021,868
55$3,482,635$2,526,273$2,289,816$3,178,203
56$3,764,050$2,576,247$2,292,711$3,347,278
57$4,071,844$2,626,344$2,293,378$3,530,350
58$4,408,635$2,676,498$2,291,669$3,728,805
59$4,777,305$2,726,635$2,287,429$3,944,172
60$5,181,027$2,776,677$2,280,495$4,178,137
61$5,623,296$2,826,539$2,270,696$4,432,561
62$6,107,962$2,876,129$2,257,854$4,709,493
63$6,639,263$2,925,349$2,241,781$5,011,196
64$7,221,868$2,974,091$2,222,281$5,340,162
65$7,860,919$3,022,242$2,199,148$5,699,143
66$8,562,079$3,069,678$2,172,166$6,091,171
67$9,331,587$3,116,268$2,141,109$6,519,591
68$10,176,314$3,161,870$2,105,741$6,988,091
69$11,103,830$3,206,334$2,065,816$7,500,739
70$12,122,473$3,249,496$2,021,073$8,062,019
71$13,241,428$3,291,185$1,971,241$8,676,878
72$14,470,814$3,331,213$1,916,038$9,350,769
73$15,821,778$3,369,384$1,855,167$10,089,707
74$17,306,602$3,405,486$1,788,317$10,900,322
75$18,938,813$3,439,293$1,715,164$11,789,927
76$20,733,319$3,470,565$1,635,369$12,766,584
77$22,706,542$3,499,047$1,548,578$13,839,184
78$24,876,573$3,524,464$1,454,419$15,017,528
79$27,263,347$3,546,527$1,352,506$16,312,424
80$29,888,827$3,564,925$1,242,434$17,735,789
81$32,777,212$3,579,331$1,123,780$19,300,760
82$35,955,163$3,589,394$996,102$21,021,823
83$39,452,058$3,594,742$858,939$22,914,948
84$43,300,264$3,594,980$711,810$24,997,742
85$47,535,446$3,589,690$554,211$27,289,617
86$52,196,901$3,578,424$385,616$29,811,973
87$57,327,929$3,560,711$205,478$32,588,404
88$62,976,241$3,536,049$13,225$35,644,918
89$69,194,408$3,503,905$0$39,010,189
90$76,040,357$3,463,716$0$42,767,027
91$83,577,919$3,414,883$0$46,906,171
92$91,877,427$3,356,774$0$51,462,675
93$101,016,384$3,288,715$0$56,479,066
94$111,080,190$3,209,997$0$62,002,211
95$122,162,948$3,119,865$0$68,083,763
96$134,368,354$3,017,524$0$74,780,647
97$147,810,672$2,902,128$0$82,155,600
98$162,615,814$2,772,786$0$90,277,765
99$178,922,526$2,628,552$0$99,223,341
100$196,883,700$2,468,427$0$109,076,307