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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.1%
1 years$179,197$177,600$176,043$174,523$173,039$171,517
2 years$88,711$87,059$85,458$83,905$82,399$80,866
3 years$58,553$56,894$55,297$53,759$52,278$50,780
4 years$43,477$41,823$40,242$38,730$37,285$35,835
5 years$34,434$32,790$31,229$29,749$28,343$26,945
6 years$28,407$26,775$25,238$23,790$22,427$21,082
7 years$24,104$22,486$20,973$19,559$18,239$16,948
8 years$20,878$19,275$17,787$16,408$15,131$13,894
9 years$18,370$16,782$15,320$13,976$12,743$11,559
10 years$16,365$14,793$13,356$12,047$10,857$9,727
11 years$14,726$13,169$11,758$10,485$9,338$8,259
12 years$13,361$11,820$10,435$9,196$8,092$7,064
13 years$12,207$10,682$9,323$8,119$7,056$6,078
14 years$11,218$9,709$8,377$7,207$6,185$5,256
15 years$10,362$8,870$7,563$6,428$5,446$4,564
16 years$9,614$8,138$6,857$5,755$4,813$3,977
17 years$8,954$7,494$6,240$5,171$4,268$3,476
18 years$8,369$6,925$5,696$4,660$3,795$3,046
19 years$7,846$6,418$5,215$4,211$3,382$2,674
20 years$7,375$5,964$4,786$3,814$3,021$2,353
21 years$6,950$5,555$4,402$3,461$2,704$2,074
22 years$6,564$5,186$4,057$3,147$2,423$1,830
23 years$6,212$4,850$3,746$2,866$2,175$1,617
24 years$5,890$4,544$3,464$2,614$1,955$1,431
25 years$5,595$4,265$3,209$2,387$1,759$1,267
26 years$5,322$4,008$2,976$2,183$1,585$1,123
27 years$5,070$3,772$2,763$1,998$1,429$996
28 years$4,836$3,554$2,569$1,831$1,289$884
29 years$4,619$3,353$2,391$1,679$1,164$785
30 years$4,417$3,167$2,227$1,541$1,052$697
31 years$4,228$2,994$2,076$1,415$951$620
32 years$4,052$2,832$1,937$1,300$860$551
33 years$3,886$2,682$1,808$1,196$779$490
34 years$3,731$2,542$1,690$1,100$705$436
35 years$3,584$2,411$1,580$1,013$638$388
36 years$3,446$2,289$1,478$933$578$346
37 years$3,316$2,174$1,383$859$524$308
38 years$3,193$2,066$1,295$792$475$274
39 years$3,077$1,964$1,214$730$431$244
40 years$2,967$1,869$1,138$674$391$217
41 years$2,862$1,779$1,067$622$355$194
42 years$2,763$1,694$1,001$574$322$173
43 years$2,668$1,614$939$530$292$154
44 years$2,578$1,539$881$489$265$137
45 years$2,493$1,467$827$452$241$122
46 years$2,411$1,400$777$417$219$109
47 years$2,333$1,336$730$385$198$97
48 years$2,258$1,275$686$356$180$87
49 years$2,187$1,218$645$329$164$77
50 years$2,119$1,163$606$304$149$69

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 $5,538 every year, while hoping to spend $22,785 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: 80/14/6 Blend
49$2,170,000$2,170,000$2,170,000$2,170,000
50$2,397,052$2,282,042$2,248,407$2,587,289
51$2,617,309$2,369,619$2,299,486$2,800,206
52$2,859,268$2,460,724$2,351,512$3,030,192
53$3,125,118$2,555,505$2,404,493$3,281,842
54$3,417,273$2,654,118$2,458,437$3,557,307
55$3,738,390$2,756,725$2,513,349$3,858,953
56$4,091,397$2,863,495$2,569,237$4,189,388
57$4,479,518$2,974,604$2,626,105$4,551,480
58$4,906,307$3,090,239$2,683,958$4,948,390
59$5,375,681$3,210,591$2,742,801$5,383,599
60$5,891,951$3,335,861$2,802,636$5,860,940
61$6,459,872$3,466,260$2,863,466$6,384,632
62$7,084,679$3,602,007$2,925,293$6,959,326
63$7,772,143$3,743,331$2,988,116$7,590,142
64$8,528,620$3,890,473$3,051,937$8,282,719
65$9,361,115$4,043,682$3,116,752$9,043,269
66$10,277,345$4,203,219$3,182,560$9,878,635
67$11,285,814$4,369,357$3,249,356$10,796,353
68$12,395,894$4,542,382$3,317,136$11,804,726
69$13,617,907$4,722,591$3,385,892$12,912,899
70$14,963,232$4,910,296$3,455,617$14,130,948
71$16,444,403$5,105,821$3,526,302$15,469,971
72$18,075,233$5,309,508$3,597,934$16,942,194
73$19,870,943$5,521,710$3,670,501$18,561,089
74$21,848,305$5,742,800$3,743,989$20,341,494
75$24,025,799$5,973,164$3,818,380$22,299,758
76$26,423,791$6,213,209$3,893,655$24,453,894
77$29,064,719$6,463,358$3,969,794$26,823,744
78$31,973,311$6,724,053$4,046,773$29,431,173
79$35,176,816$6,995,759$4,124,567$32,300,269
80$38,705,258$7,278,958$4,203,147$35,457,572
81$42,591,724$7,574,157$4,282,482$38,932,323
82$46,872,674$7,881,884$4,362,539$42,756,740
83$51,588,283$8,202,692$4,443,280$46,966,322
84$56,782,824$8,537,160$4,524,666$51,600,183
85$62,505,082$8,885,892$4,606,653$56,701,417
86$68,808,820$9,249,519$4,689,195$62,317,511
87$75,753,277$9,628,704$4,772,241$68,500,786
88$83,403,737$10,024,135$4,855,736$75,308,893
89$91,832,137$10,436,538$4,939,623$82,805,355
90$101,117,753$10,866,666$5,023,838$91,060,170
91$111,347,942$11,315,311$5,108,315$100,150,463
92$122,618,970$11,783,299$5,192,982$110,161,219
93$135,036,920$12,271,495$5,277,761$121,186,083
94$148,718,690$12,780,803$5,362,571$133,328,242
95$163,793,104$13,312,169$5,447,324$146,701,399
96$180,402,118$13,866,584$5,531,927$161,430,844
97$198,702,169$14,445,081$5,616,282$177,654,637
98$218,865,645$15,048,744$5,700,281$195,524,908
99$241,082,514$15,678,706$5,783,814$215,209,293
100$265,562,120$16,336,153$5,866,762$236,892,516