Can I retire at age 50 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$180,022$178,419$176,854$175,327$173,836$169,910
2 years$89,120$87,460$85,852$84,292$82,779$78,845
3 years$58,823$57,156$55,552$54,007$52,519$48,698
4 years$43,678$42,016$40,427$38,909$37,457$33,780
5 years$34,593$32,941$31,373$29,886$28,474$24,952
6 years$28,538$26,899$25,354$23,900$22,530$19,167
7 years$24,215$22,590$21,070$19,649$18,323$15,118
8 years$20,974$19,363$17,869$16,483$15,201$12,153
9 years$18,455$16,859$15,390$14,040$12,801$9,908
10 years$16,441$14,861$13,418$12,103$10,907$8,166
11 years$14,794$13,230$11,813$10,533$9,381$6,788
12 years$13,422$11,874$10,483$9,239$8,129$5,681
13 years$12,263$10,731$9,366$8,157$7,089$4,780
14 years$11,270$9,754$8,416$7,240$6,214$4,040
15 years$10,410$8,910$7,598$6,457$5,471$3,427
16 years$9,658$8,175$6,889$5,782$4,836$2,916
17 years$8,996$7,529$6,269$5,195$4,288$2,488
18 years$8,407$6,957$5,722$4,682$3,812$2,127
19 years$7,882$6,448$5,239$4,230$3,398$1,822
20 years$7,409$5,992$4,808$3,831$3,035$1,563
21 years$6,982$5,581$4,422$3,477$2,716$1,343
22 years$6,594$5,210$4,076$3,162$2,435$1,154
23 years$6,241$4,872$3,763$2,879$2,185$994
24 years$5,918$4,565$3,480$2,626$1,964$856
25 years$5,620$4,284$3,223$2,398$1,768$738
26 years$5,347$4,026$2,990$2,193$1,592$636
27 years$5,093$3,789$2,776$2,007$1,435$549
28 years$4,859$3,571$2,581$1,839$1,295$474
29 years$4,641$3,369$2,402$1,686$1,170$410
30 years$4,438$3,181$2,237$1,548$1,057$354
31 years$4,248$3,007$2,086$1,421$955$306
32 years$4,070$2,846$1,946$1,306$864$264
33 years$3,904$2,695$1,817$1,201$782$229
34 years$3,748$2,554$1,698$1,105$708$198
35 years$3,601$2,422$1,587$1,017$641$171
36 years$3,462$2,299$1,485$937$581$148
37 years$3,332$2,184$1,390$863$527$128
38 years$3,208$2,075$1,301$796$478$111
39 years$3,091$1,973$1,219$734$433$96
40 years$2,980$1,878$1,143$677$393$83
41 years$2,875$1,787$1,072$624$356$72
42 years$2,775$1,702$1,005$576$323$62
43 years$2,681$1,622$943$532$293$54
44 years$2,590$1,546$885$491$266$47
45 years$2,504$1,474$831$454$242$40
46 years$2,422$1,406$781$419$220$35
47 years$2,344$1,342$734$387$199$30
48 years$2,269$1,281$689$358$181$26
49 years$2,197$1,223$648$331$164$23
50 years$2,128$1,169$609$306$149$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,180,000, adding $2,544 every year, while hoping to spend $46,834 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: 65/27/8 Blend
49$2,180,000$2,180,000$2,180,000$2,180,000
50$2,404,984$2,289,444$2,255,654$2,557,411
51$2,600,462$2,351,796$2,281,388$2,721,531
52$2,814,308$2,415,633$2,306,413$2,894,988
53$3,048,347$2,480,979$2,330,658$3,083,277
54$3,304,589$2,547,857$2,354,045$3,287,835
55$3,585,244$2,616,290$2,376,493$3,510,248
56$3,892,750$2,686,298$2,397,916$3,752,260
57$4,229,787$2,757,904$2,418,224$4,015,791
58$4,599,312$2,831,128$2,437,321$4,302,956
59$5,004,579$2,905,990$2,455,108$4,616,082
60$5,449,170$2,982,508$2,471,478$4,957,734
61$5,937,035$3,060,701$2,486,322$5,330,736
62$6,472,522$3,140,584$2,499,523$5,738,198
63$7,060,421$3,222,174$2,510,959$6,183,545
64$7,706,007$3,305,484$2,520,500$6,670,551
65$8,415,095$3,390,528$2,528,011$7,203,372
66$9,194,086$3,477,315$2,533,351$7,786,585
67$10,050,035$3,565,856$2,536,371$8,425,233
68$10,990,713$3,656,157$2,536,913$9,124,873
69$12,024,680$3,748,223$2,534,814$9,891,625
70$13,161,369$3,842,057$2,529,901$10,732,231
71$14,411,170$3,937,660$2,521,995$11,654,120
72$15,785,532$4,035,028$2,510,905$12,665,477
73$17,297,069$4,134,157$2,496,432$13,775,317
74$18,959,676$4,235,037$2,478,369$14,993,578
75$20,788,667$4,337,657$2,456,498$16,331,204
76$22,800,910$4,442,002$2,430,590$17,800,256
77$25,014,994$4,548,051$2,400,406$19,414,025
78$27,451,398$4,655,780$2,365,695$21,187,153
79$30,132,690$4,765,162$2,326,194$23,135,775
80$33,083,732$4,876,163$2,281,630$25,277,668
81$36,331,922$4,988,745$2,231,714$27,632,423
82$39,907,448$5,102,863$2,176,146$30,221,627
83$43,843,572$5,218,467$2,114,611$33,069,065
84$48,176,945$5,335,502$2,046,780$36,200,948
85$52,947,955$5,453,903$1,972,308$39,646,159
86$58,201,102$5,573,599$1,890,836$43,436,524
87$63,985,422$5,694,514$1,801,987$47,607,115
88$70,354,949$5,816,559$1,705,367$52,196,580
89$77,369,223$5,939,639$1,600,566$57,247,505
90$85,093,852$6,063,649$1,487,153$62,806,823
91$93,601,131$6,188,474$1,364,679$68,926,248
92$102,970,726$6,313,989$1,232,675$75,662,770
93$113,290,421$6,440,055$1,090,650$83,079,191
94$124,656,950$6,566,524$938,094$91,244,717
95$137,176,909$6,693,234$774,470$100,235,613
96$150,967,760$6,820,008$599,221$110,135,921
97$166,158,939$6,946,657$411,763$121,038,256
98$182,893,082$7,072,974$211,488$133,044,678
99$201,327,364$7,198,738$0$146,267,658
100$221,634,988$7,323,709$0$160,831,329