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%13.8%
1 years$179,197$177,600$176,043$174,523$173,039$170,312
2 years$88,711$87,059$85,458$83,905$82,399$79,660
3 years$58,553$56,894$55,297$53,759$52,278$49,610
4 years$43,477$41,823$40,242$38,730$37,285$34,709
5 years$34,434$32,790$31,229$29,749$28,343$25,868
6 years$28,407$26,775$25,238$23,790$22,427$20,054
7 years$24,104$22,486$20,973$19,559$18,239$15,970
8 years$20,878$19,275$17,787$16,408$15,131$12,965
9 years$18,370$16,782$15,320$13,976$12,743$10,679
10 years$16,365$14,793$13,356$12,047$10,857$8,894
11 years$14,726$13,169$11,758$10,485$9,338$7,472
12 years$13,361$11,820$10,435$9,196$8,092$6,322
13 years$12,207$10,682$9,323$8,119$7,056$5,380
14 years$11,218$9,709$8,377$7,207$6,185$4,600
15 years$10,362$8,870$7,563$6,428$5,446$3,949
16 years$9,614$8,138$6,857$5,755$4,813$3,400
17 years$8,954$7,494$6,240$5,171$4,268$2,937
18 years$8,369$6,925$5,696$4,660$3,795$2,542
19 years$7,846$6,418$5,215$4,211$3,382$2,205
20 years$7,375$5,964$4,786$3,814$3,021$1,916
21 years$6,950$5,555$4,402$3,461$2,704$1,667
22 years$6,564$5,186$4,057$3,147$2,423$1,452
23 years$6,212$4,850$3,746$2,866$2,175$1,267
24 years$5,890$4,544$3,464$2,614$1,955$1,106
25 years$5,595$4,265$3,209$2,387$1,759$966
26 years$5,322$4,008$2,976$2,183$1,585$845
27 years$5,070$3,772$2,763$1,998$1,429$739
28 years$4,836$3,554$2,569$1,831$1,289$647
29 years$4,619$3,353$2,391$1,679$1,164$567
30 years$4,417$3,167$2,227$1,541$1,052$497
31 years$4,228$2,994$2,076$1,415$951$435
32 years$4,052$2,832$1,937$1,300$860$382
33 years$3,886$2,682$1,808$1,196$779$335
34 years$3,731$2,542$1,690$1,100$705$294
35 years$3,584$2,411$1,580$1,013$638$258
36 years$3,446$2,289$1,478$933$578$226
37 years$3,316$2,174$1,383$859$524$198
38 years$3,193$2,066$1,295$792$475$174
39 years$3,077$1,964$1,214$730$431$153
40 years$2,967$1,869$1,138$674$391$134
41 years$2,862$1,779$1,067$622$355$118
42 years$2,763$1,694$1,001$574$322$104
43 years$2,668$1,614$939$530$292$91
44 years$2,578$1,539$881$489$265$80
45 years$2,493$1,467$827$452$241$70
46 years$2,411$1,400$777$417$219$62
47 years$2,333$1,336$730$385$198$54
48 years$2,258$1,275$686$356$180$48
49 years$2,187$1,218$645$329$164$42
50 years$2,119$1,163$606$304$149$37

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 $2,592 every year, while hoping to spend $24,412 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: 61/17/22 Blend
49$2,170,000$2,170,000$2,170,000$2,170,000
50$2,394,014$2,279,004$2,245,369$2,526,040
51$2,612,229$2,364,701$2,294,614$2,701,440
52$2,851,884$2,453,779$2,344,692$2,889,876
53$3,115,140$2,546,377$2,395,602$3,094,996
54$3,404,377$2,642,643$2,447,348$3,318,428
55$3,722,219$2,742,728$2,499,930$3,561,961
56$4,071,554$2,846,790$2,553,346$3,827,566
57$4,455,566$2,954,997$2,607,597$4,117,412
58$4,877,762$3,067,519$2,662,679$4,433,888
59$5,342,005$3,184,539$2,718,590$4,779,621
60$5,852,552$3,306,244$2,775,326$5,157,506
61$6,414,093$3,432,832$2,832,880$5,570,731
62$7,031,796$3,564,506$2,891,247$6,022,802
63$7,711,354$3,701,481$2,950,419$6,517,585
64$8,459,040$3,843,981$3,010,385$7,059,333
65$9,281,765$3,992,239$3,071,136$7,652,733
66$10,187,145$4,146,499$3,132,659$8,302,943
67$11,183,571$4,307,015$3,194,941$9,015,648
68$12,280,289$4,474,052$3,257,965$9,797,106
69$13,487,485$4,647,888$3,321,713$10,654,210
70$14,816,386$4,828,811$3,386,168$11,594,554
71$16,279,360$5,017,125$3,451,307$12,626,502
72$17,890,035$5,213,145$3,517,107$13,759,266
73$19,663,430$5,417,201$3,583,541$15,002,995
74$21,616,093$5,629,637$3,650,583$16,368,867
75$23,766,258$5,850,812$3,718,201$17,869,197
76$26,134,017$6,081,103$3,786,361$19,517,551
77$28,741,511$6,320,901$3,855,029$21,328,876
78$31,613,137$6,570,617$3,924,164$23,319,634
79$34,775,778$6,830,679$3,993,725$25,507,965
80$38,259,059$7,101,534$4,063,666$27,913,852
81$42,095,624$7,383,649$4,133,939$30,559,312
82$46,321,443$7,677,514$4,204,492$33,468,600
83$50,976,156$7,983,638$4,275,269$36,668,442
84$56,103,443$8,302,555$4,346,209$40,188,281
85$61,751,436$8,634,822$4,417,248$44,060,557
86$67,973,175$8,981,021$4,488,319$48,321,015
87$74,827,110$9,341,762$4,559,349$53,009,037
88$82,377,647$9,717,680$4,630,259$58,168,013
89$90,695,761$10,109,440$4,700,966$63,845,756
90$99,859,664$10,517,738$4,771,384$70,094,945
91$109,955,542$10,943,300$4,841,418$76,973,624
92$121,078,371$11,386,886$4,910,970$84,545,752
93$133,332,811$11,849,289$4,979,933$92,881,799
94$146,834,194$12,331,340$5,048,197$102,059,418
95$161,709,613$12,833,907$5,115,642$112,164,172
96$178,099,122$13,357,897$5,182,145$123,290,341
97$196,157,057$13,904,259$5,247,572$135,541,813
98$216,053,494$14,473,985$5,311,783$149,033,061
99$237,975,854$15,068,113$5,374,631$163,890,223
100$262,130,668$15,687,728$5,435,958$180,252,295