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%14%
1 years$180,848$179,237$177,666$176,132$174,634$171,741
2 years$89,529$87,861$86,245$84,679$83,159$80,253
3 years$59,093$57,418$55,807$54,254$52,759$49,930
4 years$43,878$42,209$40,613$39,087$37,628$34,899
5 years$34,751$33,092$31,517$30,023$28,605$25,982
6 years$28,669$27,022$25,471$24,009$22,634$20,121
7 years$24,326$22,693$21,166$19,739$18,407$16,005
8 years$21,071$19,452$17,951$16,559$15,271$12,978
9 years$18,540$16,937$15,461$14,105$12,860$10,677
10 years$16,516$14,929$13,479$12,158$10,957$8,881
11 years$14,862$13,290$11,867$10,581$9,424$7,453
12 years$13,484$11,929$10,531$9,281$8,166$6,298
13 years$12,319$10,780$9,409$8,194$7,121$5,352
14 years$11,321$9,799$8,454$7,274$6,242$4,570
15 years$10,458$8,951$7,633$6,487$5,496$3,917
16 years$9,703$8,213$6,920$5,808$4,858$3,369
17 years$9,037$7,564$6,297$5,219$4,307$2,905
18 years$8,446$6,989$5,749$4,703$3,830$2,511
19 years$7,918$6,477$5,263$4,250$3,414$2,175
20 years$7,443$6,019$4,830$3,849$3,049$1,887
21 years$7,014$5,607$4,442$3,493$2,729$1,639
22 years$6,625$5,234$4,094$3,176$2,446$1,426
23 years$6,270$4,895$3,780$2,892$2,195$1,242
24 years$5,945$4,586$3,496$2,638$1,973$1,082
25 years$5,646$4,304$3,238$2,409$1,776$944
26 years$5,371$4,045$3,003$2,203$1,599$824
27 years$5,117$3,807$2,789$2,016$1,442$720
28 years$4,881$3,587$2,593$1,847$1,301$629
29 years$4,662$3,384$2,413$1,694$1,175$550
30 years$4,458$3,196$2,247$1,555$1,062$481
31 years$4,267$3,021$2,095$1,428$960$421
32 years$4,089$2,859$1,955$1,312$868$369
33 years$3,922$2,707$1,825$1,207$786$323
34 years$3,765$2,566$1,705$1,110$711$283
35 years$3,617$2,434$1,594$1,022$644$248
36 years$3,478$2,310$1,491$941$584$217
37 years$3,347$2,194$1,396$867$529$190
38 years$3,223$2,085$1,307$799$480$167
39 years$3,105$1,983$1,225$737$435$146
40 years$2,994$1,886$1,148$680$395$128
41 years$2,888$1,795$1,076$627$358$112
42 years$2,788$1,710$1,010$579$325$98
43 years$2,693$1,629$948$534$295$86
44 years$2,602$1,553$889$493$268$76
45 years$2,516$1,481$835$456$243$66
46 years$2,433$1,413$784$421$221$58
47 years$2,354$1,348$737$389$200$51
48 years$2,279$1,287$692$359$182$45
49 years$2,207$1,229$651$332$165$39
50 years$2,138$1,174$612$307$150$34

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 $3,865 every year, while hoping to spend $46,074 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: 26/47/27 Blend
49$2,190,000$2,190,000$2,190,000$2,190,000
50$2,417,367$2,301,297$2,267,352$2,459,692
51$2,614,916$2,365,038$2,294,286$2,558,342
52$2,831,071$2,430,358$2,320,578$2,659,906
53$3,067,680$2,497,286$2,346,158$2,767,929
54$3,326,781$2,565,851$2,370,951$2,882,986
55$3,610,616$2,636,080$2,394,881$3,005,712
56$3,921,653$2,708,003$2,417,864$3,136,806
57$4,262,613$2,781,646$2,439,814$3,277,037
58$4,636,491$2,857,038$2,460,639$3,427,251
59$5,046,586$2,934,206$2,480,243$3,588,380
60$5,496,531$3,013,176$2,498,525$3,761,450
61$5,990,330$3,093,974$2,515,378$3,947,592
62$6,532,390$3,176,625$2,530,690$4,148,048
63$7,127,568$3,261,154$2,544,342$4,364,191
64$7,781,214$3,347,585$2,556,212$4,597,530
65$8,499,221$3,435,939$2,566,168$4,849,729
66$9,288,081$3,526,240$2,574,074$5,122,619
67$10,154,946$3,618,506$2,579,786$5,418,221
68$11,107,694$3,712,756$2,583,152$5,738,759
69$12,155,006$3,809,009$2,584,016$6,086,685
70$13,306,446$3,907,280$2,582,209$6,464,700
71$14,572,549$4,007,582$2,577,558$6,875,781
72$15,964,923$4,109,927$2,569,881$7,323,209
73$17,496,357$4,214,326$2,558,984$7,810,600
74$19,180,943$4,320,785$2,544,667$8,341,939
75$21,034,204$4,429,309$2,526,719$8,921,617
76$23,073,248$4,539,900$2,504,919$9,554,476
77$25,316,921$4,652,557$2,479,035$10,245,850
78$27,785,991$4,767,276$2,448,826$11,001,621
79$30,503,338$4,884,048$2,414,038$11,828,269
80$33,494,174$5,002,862$2,374,404$12,732,938
81$36,786,280$5,123,702$2,329,647$13,723,503
82$40,410,265$5,246,548$2,279,474$14,808,643
83$44,399,857$5,371,375$2,223,582$15,997,925
84$48,792,222$5,498,152$2,161,652$17,301,893
85$53,628,312$5,626,843$2,093,350$18,732,171
86$58,953,249$5,757,409$2,018,327$20,301,569
87$64,816,758$5,889,799$1,936,218$22,024,210
88$71,273,629$6,023,961$1,846,643$23,915,659
89$78,384,236$6,159,831$1,749,202$25,993,073
90$86,215,106$6,297,342$1,643,479$28,275,363
91$94,839,549$6,436,414$1,529,038$30,783,375
92$104,338,346$6,576,961$1,405,424$33,540,083
93$114,800,514$6,718,888$1,272,161$36,570,814
94$126,324,141$6,862,089$1,128,754$39,903,482
95$139,017,319$7,006,446$974,682$43,568,854
96$152,999,156$7,151,833$809,405$47,600,844
97$168,400,906$7,298,109$632,356$52,036,833
98$185,367,203$7,445,121$442,945$56,918,020
99$204,057,429$7,592,703$240,554$62,289,819
100$224,647,215$7,740,674$24,541$68,202,282