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%14%
1 years$179,197$177,600$176,043$174,523$173,039$170,172
2 years$88,711$87,059$85,458$83,905$82,399$79,520
3 years$58,553$56,894$55,297$53,759$52,278$49,474
4 years$43,477$41,823$40,242$38,730$37,285$34,580
5 years$34,434$32,790$31,229$29,749$28,343$25,744
6 years$28,407$26,775$25,238$23,790$22,427$19,937
7 years$24,104$22,486$20,973$19,559$18,239$15,859
8 years$20,878$19,275$17,787$16,408$15,131$12,860
9 years$18,370$16,782$15,320$13,976$12,743$10,579
10 years$16,365$14,793$13,356$12,047$10,857$8,800
11 years$14,726$13,169$11,758$10,485$9,338$7,384
12 years$13,361$11,820$10,435$9,196$8,092$6,240
13 years$12,207$10,682$9,323$8,119$7,056$5,303
14 years$11,218$9,709$8,377$7,207$6,185$4,528
15 years$10,362$8,870$7,563$6,428$5,446$3,881
16 years$9,614$8,138$6,857$5,755$4,813$3,338
17 years$8,954$7,494$6,240$5,171$4,268$2,879
18 years$8,369$6,925$5,696$4,660$3,795$2,488
19 years$7,846$6,418$5,215$4,211$3,382$2,155
20 years$7,375$5,964$4,786$3,814$3,021$1,870
21 years$6,950$5,555$4,402$3,461$2,704$1,624
22 years$6,564$5,186$4,057$3,147$2,423$1,413
23 years$6,212$4,850$3,746$2,866$2,175$1,230
24 years$5,890$4,544$3,464$2,614$1,955$1,073
25 years$5,595$4,265$3,209$2,387$1,759$936
26 years$5,322$4,008$2,976$2,183$1,585$817
27 years$5,070$3,772$2,763$1,998$1,429$714
28 years$4,836$3,554$2,569$1,831$1,289$624
29 years$4,619$3,353$2,391$1,679$1,164$545
30 years$4,417$3,167$2,227$1,541$1,052$477
31 years$4,228$2,994$2,076$1,415$951$417
32 years$4,052$2,832$1,937$1,300$860$365
33 years$3,886$2,682$1,808$1,196$779$320
34 years$3,731$2,542$1,690$1,100$705$280
35 years$3,584$2,411$1,580$1,013$638$245
36 years$3,446$2,289$1,478$933$578$215
37 years$3,316$2,174$1,383$859$524$188
38 years$3,193$2,066$1,295$792$475$165
39 years$3,077$1,964$1,214$730$431$145
40 years$2,967$1,869$1,138$674$391$127
41 years$2,862$1,779$1,067$622$355$111
42 years$2,763$1,694$1,001$574$322$97
43 years$2,668$1,614$939$530$292$85
44 years$2,578$1,539$881$489$265$75
45 years$2,493$1,467$827$452$241$66
46 years$2,411$1,400$777$417$219$58
47 years$2,333$1,336$730$385$198$51
48 years$2,258$1,275$686$356$180$44
49 years$2,187$1,218$645$329$164$39
50 years$2,119$1,163$606$304$149$34

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 $2,855 every year, while hoping to spend $42,144 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: 71/13/16 Blend
49$2,170,000$2,170,000$2,170,000$2,170,000
50$2,394,285$2,279,275$2,245,640$2,555,252
51$2,593,661$2,346,119$2,276,028$2,729,410
52$2,811,961$2,414,825$2,306,022$2,914,660
53$3,051,071$2,485,441$2,335,563$3,116,382
54$3,313,067$2,558,014$2,364,591$3,336,196
55$3,600,236$2,632,594$2,393,041$3,575,889
56$3,915,098$2,709,228$2,420,846$3,837,426
57$4,260,426$2,787,968$2,447,932$4,122,973
58$4,639,276$2,868,866$2,474,225$4,434,916
59$5,055,014$2,951,972$2,499,643$4,775,881
60$5,511,347$3,037,340$2,524,102$5,148,764
61$6,012,358$3,125,024$2,547,514$5,556,751
62$6,562,547$3,215,078$2,569,784$6,003,355
63$7,166,868$3,307,558$2,590,813$6,492,444
64$7,830,781$3,402,521$2,610,497$7,028,280
65$8,560,298$3,500,022$2,628,727$7,615,558
66$9,362,047$3,600,121$2,645,387$8,259,451
67$10,243,324$3,702,875$2,660,356$8,965,657
68$11,212,171$3,808,345$2,673,506$9,740,455
69$12,277,448$3,916,589$2,684,704$10,590,763
70$13,448,914$4,027,668$2,693,808$11,524,203
71$14,737,324$4,141,645$2,700,672$12,549,173
72$16,154,526$4,258,580$2,705,138$13,674,925
73$17,713,572$4,378,535$2,707,045$14,911,656
74$19,428,847$4,501,574$2,706,222$16,270,599
75$21,316,197$4,627,758$2,702,488$17,764,133
76$23,393,084$4,757,153$2,695,656$19,405,897
77$25,678,746$4,889,821$2,685,528$21,210,919
78$28,194,382$5,025,826$2,671,897$23,195,763
79$30,963,349$5,165,232$2,654,546$25,378,674
80$34,011,385$5,308,103$2,633,248$27,779,764
81$37,366,849$5,454,503$2,607,764$30,421,188
82$41,060,989$5,604,494$2,577,845$33,327,365
83$45,128,236$5,758,141$2,543,230$36,525,201
84$49,606,532$5,915,506$2,503,644$40,044,344
85$54,537,684$6,076,651$2,458,801$43,917,466
86$59,967,759$6,241,638$2,408,402$48,180,572
87$65,947,518$6,410,527$2,352,132$52,873,334
88$72,532,900$6,583,377$2,289,663$58,039,473
89$79,785,540$6,760,247$2,220,651$63,727,166
90$87,773,360$6,941,194$2,144,738$69,989,505
91$96,571,203$7,126,273$2,061,547$76,884,995
92$106,261,542$7,315,537$1,970,685$84,478,106
93$116,935,258$7,509,037$1,871,741$92,839,885
94$128,692,497$7,706,822$1,764,287$102,048,624
95$141,643,614$7,908,939$1,647,873$112,190,601
96$155,910,217$8,115,430$1,522,031$123,360,891
97$171,626,309$8,326,337$1,386,270$135,664,268
98$188,939,561$8,541,696$1,240,078$149,216,192
99$208,012,697$8,761,539$1,082,921$164,143,897
100$229,025,033$8,985,896$914,240$180,587,599