Can I retire at age 50 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$181,674$180,056$178,477$176,936$175,431$170,430
2 years$89,938$88,263$86,639$85,065$83,539$78,539
3 years$59,363$57,681$56,061$54,502$53,000$48,159
4 years$44,078$42,401$40,798$39,266$37,800$33,154
5 years$34,910$33,243$31,661$30,160$28,735$24,297
6 years$28,800$27,146$25,587$24,119$22,737$18,511
7 years$24,437$22,797$21,263$19,830$18,491$14,478
8 years$21,167$19,541$18,033$16,635$15,340$11,536
9 years$18,624$17,014$15,531$14,169$12,919$9,321
10 years$16,592$14,997$13,541$12,214$11,007$7,611
11 years$14,930$13,351$11,921$10,630$9,467$6,266
12 years$13,546$11,983$10,580$9,324$8,204$5,192
13 years$12,375$10,829$9,452$8,231$7,154$4,325
14 years$11,373$9,843$8,493$7,307$6,271$3,618
15 years$10,505$8,992$7,668$6,516$5,521$3,037
16 years$9,747$8,250$6,952$5,835$4,880$2,557
17 years$9,078$7,598$6,326$5,243$4,327$2,158
18 years$8,485$7,021$5,775$4,725$3,847$1,825
19 years$7,954$6,507$5,287$4,269$3,429$1,545
20 years$7,477$6,047$4,852$3,866$3,063$1,311
21 years$7,046$5,632$4,463$3,509$2,741$1,113
22 years$6,655$5,257$4,113$3,191$2,457$946
23 years$6,298$4,917$3,798$2,906$2,205$805
24 years$5,972$4,607$3,512$2,650$1,982$685
25 years$5,672$4,323$3,253$2,420$1,784$583
26 years$5,396$4,063$3,017$2,213$1,607$497
27 years$5,140$3,824$2,802$2,026$1,449$424
28 years$4,903$3,603$2,604$1,856$1,307$362
29 years$4,683$3,399$2,424$1,702$1,180$308
30 years$4,478$3,210$2,258$1,562$1,066$263
31 years$4,287$3,035$2,105$1,434$964$225
32 years$4,108$2,872$1,964$1,318$872$192
33 years$3,940$2,719$1,833$1,212$789$164
34 years$3,782$2,577$1,713$1,115$715$140
35 years$3,634$2,445$1,602$1,027$647$119
36 years$3,494$2,320$1,498$946$586$102
37 years$3,362$2,204$1,402$871$532$87
38 years$3,238$2,094$1,313$803$482$74
39 years$3,120$1,992$1,230$740$437$64
40 years$3,008$1,895$1,153$683$396$54
41 years$2,902$1,804$1,081$630$360$46
42 years$2,801$1,718$1,014$582$326$40
43 years$2,705$1,637$952$537$296$34
44 years$2,614$1,560$893$496$269$29
45 years$2,527$1,488$839$458$244$25
46 years$2,444$1,419$788$423$222$21
47 years$2,365$1,354$740$391$201$18
48 years$2,289$1,293$696$361$183$15
49 years$2,217$1,235$654$334$166$13
50 years$2,148$1,179$615$308$151$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,200,000, adding $5,491 every year, while hoping to spend $26,443 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: 58/31/11 Blend
49$2,200,000$2,200,000$2,200,000$2,200,000
50$2,430,064$2,313,464$2,279,364$2,564,203
51$2,649,795$2,398,689$2,327,588$2,740,480
52$2,891,053$2,487,203$2,376,540$2,929,101
53$3,156,005$2,579,140$2,426,219$3,134,063
54$3,447,039$2,674,640$2,476,619$3,356,939
55$3,766,786$2,773,846$2,527,734$3,599,457
56$4,118,143$2,876,910$2,579,559$3,863,516
57$4,504,304$2,983,989$2,632,084$4,151,208
58$4,928,786$3,095,247$2,685,302$4,464,833
59$5,395,464$3,210,856$2,739,202$4,806,923
60$5,908,608$3,330,994$2,793,771$5,180,264
61$6,472,920$3,455,847$2,848,997$5,587,921
62$7,093,584$3,585,610$2,904,864$6,033,267
63$7,776,309$3,720,484$2,961,356$6,520,017
64$8,527,386$3,860,681$3,018,455$7,052,258
65$9,353,747$4,006,422$3,076,141$7,634,489
66$10,263,028$4,157,935$3,134,391$8,271,665
67$11,263,644$4,315,462$3,193,180$8,969,239
68$12,364,868$4,479,252$3,252,484$9,733,215
69$13,576,915$4,649,566$3,312,273$10,570,206
70$14,911,042$4,826,676$3,372,516$11,487,491
71$16,379,653$5,010,867$3,433,179$12,493,086
72$17,996,414$5,202,436$3,494,227$13,595,820
73$19,776,384$5,401,692$3,555,619$14,805,414
74$21,736,158$5,608,957$3,617,316$16,132,575
75$23,894,020$5,824,570$3,679,270$17,589,094
76$26,270,119$6,048,883$3,741,434$19,187,958
77$28,886,655$6,282,262$3,803,756$20,943,471
78$31,768,094$6,525,093$3,866,181$22,871,389
79$34,941,391$6,777,774$3,928,650$24,989,064
80$38,436,252$7,040,724$3,991,100$27,315,613
81$42,285,411$7,314,381$4,053,463$29,872,092
82$46,524,937$7,599,200$4,115,668$32,681,695
83$51,194,577$7,895,656$4,177,638$35,769,972
84$56,338,129$8,204,249$4,239,294$39,165,072
85$62,003,857$8,525,496$4,300,549$42,898,001
86$68,244,945$8,859,940$4,361,313$47,002,919
87$75,120,000$9,208,147$4,421,487$51,517,459
88$82,693,604$9,570,710$4,480,971$56,483,079
89$91,036,923$9,948,247$4,539,655$61,945,455
90$100,228,381$10,341,403$4,597,426$67,954,910
91$110,354,397$10,750,853$4,654,160$74,566,886
92$121,510,202$11,177,302$4,709,732$81,842,464
93$133,800,739$11,621,485$4,764,004$89,848,944
94$147,341,650$12,084,174$4,816,834$98,660,474
95$162,260,371$12,566,171$4,868,070$108,358,752
96$178,697,332$13,068,317$4,917,554$119,033,789
97$196,807,285$13,591,490$4,965,117$130,784,764
98$216,760,763$14,136,607$5,010,583$143,720,952
99$238,745,688$14,704,628$5,053,765$157,962,758
100$262,969,148$15,296,554$5,094,466$173,642,846