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%18.4%
1 years$180,022$178,419$176,854$175,327$173,836$167,936
2 years$89,120$87,460$85,852$84,292$82,779$76,894
3 years$58,823$57,156$55,552$54,007$52,519$46,833
4 years$43,678$42,016$40,427$38,909$37,457$32,014
5 years$34,593$32,941$31,373$29,886$28,474$23,289
6 years$28,538$26,899$25,354$23,900$22,530$17,608
7 years$24,215$22,590$21,070$19,649$18,323$13,662
8 years$20,974$19,363$17,869$16,483$15,201$10,797
9 years$18,455$16,859$15,390$14,040$12,801$8,649
10 years$16,441$14,861$13,418$12,103$10,907$7,001
11 years$14,794$13,230$11,813$10,533$9,381$5,712
12 years$13,422$11,874$10,483$9,239$8,129$4,689
13 years$12,263$10,731$9,366$8,157$7,089$3,869
14 years$11,270$9,754$8,416$7,240$6,214$3,206
15 years$10,410$8,910$7,598$6,457$5,471$2,664
16 years$9,658$8,175$6,889$5,782$4,836$2,221
17 years$8,996$7,529$6,269$5,195$4,288$1,855
18 years$8,407$6,957$5,722$4,682$3,812$1,552
19 years$7,882$6,448$5,239$4,230$3,398$1,301
20 years$7,409$5,992$4,808$3,831$3,035$1,091
21 years$6,982$5,581$4,422$3,477$2,716$917
22 years$6,594$5,210$4,076$3,162$2,435$771
23 years$6,241$4,872$3,763$2,879$2,185$648
24 years$5,918$4,565$3,480$2,626$1,964$546
25 years$5,620$4,284$3,223$2,398$1,768$460
26 years$5,347$4,026$2,990$2,193$1,592$387
27 years$5,093$3,789$2,776$2,007$1,435$327
28 years$4,859$3,571$2,581$1,839$1,295$275
29 years$4,641$3,369$2,402$1,686$1,170$232
30 years$4,438$3,181$2,237$1,548$1,057$196
31 years$4,248$3,007$2,086$1,421$955$165
32 years$4,070$2,846$1,946$1,306$864$140
33 years$3,904$2,695$1,817$1,201$782$118
34 years$3,748$2,554$1,698$1,105$708$99
35 years$3,601$2,422$1,587$1,017$641$84
36 years$3,462$2,299$1,485$937$581$71
37 years$3,332$2,184$1,390$863$527$60
38 years$3,208$2,075$1,301$796$478$51
39 years$3,091$1,973$1,219$734$433$43
40 years$2,980$1,878$1,143$677$393$36
41 years$2,875$1,787$1,072$624$356$30
42 years$2,775$1,702$1,005$576$323$26
43 years$2,681$1,622$943$532$293$22
44 years$2,590$1,546$885$491$266$18
45 years$2,504$1,474$831$454$242$15
46 years$2,422$1,406$781$419$220$13
47 years$2,344$1,342$734$387$199$11
48 years$2,269$1,281$689$358$181$9
49 years$2,197$1,223$648$331$164$8
50 years$2,128$1,169$609$306$149$7

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 $6,895 every year, while hoping to spend $41,072 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: 41/35/24 Blend
49$2,180,000$2,180,000$2,180,000$2,180,000
50$2,409,472$2,293,932$2,260,142$2,490,994
51$2,611,538$2,362,635$2,292,157$2,618,861
52$2,832,838$2,433,327$2,323,867$2,752,761
53$3,075,291$2,506,063$2,355,220$2,896,883
54$3,341,009$2,580,899$2,386,158$3,052,188
55$3,632,320$2,657,891$2,416,622$3,219,733
56$3,951,786$2,737,097$2,446,549$3,400,682
57$4,302,230$2,818,576$2,475,870$3,596,316
58$4,686,761$2,902,390$2,504,516$3,808,044
59$5,108,804$2,988,601$2,532,410$4,037,417
60$5,572,132$3,077,272$2,559,475$4,286,144
61$6,080,899$3,168,468$2,585,627$4,556,107
62$6,639,683$3,262,255$2,610,778$4,849,375
63$7,253,527$3,358,702$2,634,836$5,168,229
64$7,927,986$3,457,877$2,657,702$5,515,181
65$8,669,179$3,559,852$2,679,274$5,892,996
66$9,483,849$3,664,699$2,699,443$6,304,720
67$10,379,424$3,772,491$2,718,096$6,753,708
68$11,364,086$3,883,304$2,735,113$7,243,655
69$12,446,851$3,997,214$2,750,368$7,778,632
70$13,637,653$4,114,301$2,763,729$8,363,124
71$14,947,435$4,234,643$2,775,055$9,002,069
72$16,388,255$4,358,322$2,784,201$9,700,909
73$17,973,399$4,485,422$2,791,013$10,465,640
74$19,717,503$4,616,025$2,795,330$11,302,866
75$21,636,698$4,750,220$2,796,983$12,219,864
76$23,748,752$4,888,091$2,795,793$13,224,651
77$26,073,247$5,029,730$2,791,574$14,326,061
78$28,631,757$5,175,226$2,784,131$15,533,826
79$31,448,055$5,324,671$2,773,258$16,858,671
80$34,548,335$5,478,158$2,758,741$18,312,411
81$37,961,460$5,635,782$2,740,353$19,908,066
82$41,719,233$5,797,640$2,717,859$21,659,984
83$45,856,698$5,963,828$2,691,011$23,583,971
84$50,412,471$6,134,445$2,659,550$25,697,448
85$55,429,103$6,309,593$2,623,204$28,019,610
86$60,953,479$6,489,371$2,581,690$30,571,606
87$67,037,266$6,673,882$2,534,708$33,376,746
88$73,737,395$6,863,230$2,481,949$36,460,713
89$81,116,601$7,057,520$2,423,085$39,851,809
90$89,244,012$7,256,856$2,357,777$43,581,223
91$98,195,805$7,461,346$2,285,666$47,683,323
92$108,055,922$7,671,096$2,206,380$52,195,984
93$118,916,860$7,886,214$2,119,529$57,160,940
94$130,880,551$8,106,810$2,024,704$62,624,185
95$144,059,314$8,332,990$1,921,478$68,636,402
96$158,576,923$8,564,866$1,809,407$75,253,444
97$174,569,770$8,802,545$1,688,023$82,536,861
98$192,188,155$9,046,138$1,556,840$90,554,480
99$211,597,701$9,295,753$1,415,348$99,381,048
100$232,980,921$9,551,500$1,263,017$109,098,937