Can I retire at age 50 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$180,848$179,237$177,666$176,132$174,634$172,024
2 years$89,529$87,861$86,245$84,679$83,159$80,536
3 years$59,093$57,418$55,807$54,254$52,759$50,204
4 years$43,878$42,209$40,613$39,087$37,628$35,161
5 years$34,751$33,092$31,517$30,023$28,605$26,232
6 years$28,669$27,022$25,471$24,009$22,634$20,358
7 years$24,326$22,693$21,166$19,739$18,407$16,230
8 years$21,071$19,452$17,951$16,559$15,271$13,192
9 years$18,540$16,937$15,461$14,105$12,860$10,878
10 years$16,516$14,929$13,479$12,158$10,957$9,071
11 years$14,862$13,290$11,867$10,581$9,424$7,631
12 years$13,484$11,929$10,531$9,281$8,166$6,465
13 years$12,319$10,780$9,409$8,194$7,121$5,509
14 years$11,321$9,799$8,454$7,274$6,242$4,716
15 years$10,458$8,951$7,633$6,487$5,496$4,054
16 years$9,703$8,213$6,920$5,808$4,858$3,496
17 years$9,037$7,564$6,297$5,219$4,307$3,023
18 years$8,446$6,989$5,749$4,703$3,830$2,621
19 years$7,918$6,477$5,263$4,250$3,414$2,276
20 years$7,443$6,019$4,830$3,849$3,049$1,981
21 years$7,014$5,607$4,442$3,493$2,729$1,726
22 years$6,625$5,234$4,094$3,176$2,446$1,506
23 years$6,270$4,895$3,780$2,892$2,195$1,316
24 years$5,945$4,586$3,496$2,638$1,973$1,151
25 years$5,646$4,304$3,238$2,409$1,776$1,007
26 years$5,371$4,045$3,003$2,203$1,599$882
27 years$5,117$3,807$2,789$2,016$1,442$773
28 years$4,881$3,587$2,593$1,847$1,301$678
29 years$4,662$3,384$2,413$1,694$1,175$594
30 years$4,458$3,196$2,247$1,555$1,062$522
31 years$4,267$3,021$2,095$1,428$960$458
32 years$4,089$2,859$1,955$1,312$868$402
33 years$3,922$2,707$1,825$1,207$786$353
34 years$3,765$2,566$1,705$1,110$711$310
35 years$3,617$2,434$1,594$1,022$644$273
36 years$3,478$2,310$1,491$941$584$240
37 years$3,347$2,194$1,396$867$529$211
38 years$3,223$2,085$1,307$799$480$185
39 years$3,105$1,983$1,225$737$435$163
40 years$2,994$1,886$1,148$680$395$143
41 years$2,888$1,795$1,076$627$358$126
42 years$2,788$1,710$1,010$579$325$111
43 years$2,693$1,629$948$534$295$98
44 years$2,602$1,553$889$493$268$86
45 years$2,516$1,481$835$456$243$76
46 years$2,433$1,413$784$421$221$67
47 years$2,354$1,348$737$389$200$59
48 years$2,279$1,287$692$359$182$52
49 years$2,207$1,229$651$332$165$45
50 years$2,138$1,174$612$307$150$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,190,000, adding $5,317 every year, while hoping to spend $35,743 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: 71/24/5 Blend
49$2,190,000$2,190,000$2,190,000$2,190,000
50$2,418,864$2,302,794$2,268,849$2,589,091
51$2,627,558$2,377,601$2,306,826$2,776,909
52$2,856,341$2,454,875$2,344,876$2,977,437
53$3,107,224$2,534,700$2,382,966$3,195,904
54$3,382,422$2,617,162$2,421,056$3,434,063
55$3,684,376$2,702,350$2,459,108$3,693,844
56$4,015,773$2,790,355$2,497,079$3,977,370
57$4,379,573$2,881,274$2,534,923$4,286,981
58$4,779,039$2,975,206$2,572,591$4,625,249
59$5,217,761$3,072,251$2,610,034$4,995,008
60$5,699,697$3,172,516$2,647,195$5,399,380
61$6,229,208$3,276,111$2,684,017$5,841,799
62$6,811,095$3,383,148$2,720,439$6,326,049
63$7,450,649$3,493,745$2,756,397$6,856,296
64$8,153,700$3,608,023$2,791,821$7,437,128
65$8,926,669$3,726,108$2,826,638$8,073,596
66$9,776,632$3,848,130$2,860,773$8,771,267
67$10,711,383$3,974,223$2,894,144$9,536,269
68$11,739,512$4,104,527$2,926,665$10,375,352
69$12,870,479$4,239,187$2,958,246$11,295,952
70$14,114,712$4,378,351$2,988,791$12,306,259
71$15,483,698$4,522,175$3,018,201$13,415,294
72$16,990,092$4,670,818$3,046,367$14,632,996
73$18,647,841$4,824,448$3,073,180$15,970,313
74$20,472,310$4,983,235$3,098,521$17,439,303
75$22,480,430$5,147,358$3,122,266$19,053,253
76$24,690,856$5,317,001$3,144,284$20,826,799
77$27,124,145$5,492,356$3,164,440$22,776,065
78$29,802,946$5,673,620$3,182,587$24,918,815
79$32,752,218$5,860,998$3,198,574$27,274,622
80$35,999,460$6,054,703$3,212,242$29,865,048
81$39,574,976$6,254,955$3,223,424$32,713,850
82$43,512,158$6,461,981$3,231,942$35,847,201
83$47,847,798$6,676,019$3,237,613$39,293,941
84$52,622,442$6,897,313$3,240,242$43,085,845
85$57,880,767$7,126,116$3,239,625$47,257,920
86$63,672,001$7,362,692$3,235,549$51,848,743
87$70,050,395$7,607,313$3,227,789$56,900,815
88$77,075,725$7,860,262$3,216,110$62,460,967
89$84,813,866$8,121,832$3,200,266$68,580,801
90$93,337,404$8,392,325$3,179,999$75,317,174
91$102,726,327$8,672,057$3,155,037$82,732,736
92$113,068,779$8,961,354$3,125,097$90,896,519
93$124,461,888$9,260,554$3,089,882$99,884,589
94$137,012,687$9,570,008$3,049,079$109,780,763
95$150,839,122$9,890,079$3,002,364$120,677,400
96$166,071,164$10,221,145$2,949,395$132,676,269
97$182,852,038$10,563,596$2,889,815$145,889,512
98$201,339,572$10,917,838$2,823,250$160,440,700
99$221,707,688$11,284,291$2,749,308$176,466,001
100$244,148,043$11,663,393$2,667,581$194,115,459