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

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$181,674$180,056$178,477$176,936$175,431$173,816
2 years$89,938$88,263$86,639$85,065$83,539$81,911
3 years$59,363$57,681$56,061$54,502$53,000$51,411
4 years$44,078$42,401$40,798$39,266$37,800$36,262
5 years$34,910$33,243$31,661$30,160$28,735$27,252
6 years$28,800$27,146$25,587$24,119$22,737$21,311
7 years$24,437$22,797$21,263$19,830$18,491$17,122
8 years$21,167$19,541$18,033$16,635$15,340$14,029
9 years$18,624$17,014$15,531$14,169$12,919$11,664
10 years$16,592$14,997$13,541$12,214$11,007$9,809
11 years$14,930$13,351$11,921$10,630$9,467$8,324
12 years$13,546$11,983$10,580$9,324$8,204$7,115
13 years$12,375$10,829$9,452$8,231$7,154$6,118
14 years$11,373$9,843$8,493$7,307$6,271$5,287
15 years$10,505$8,992$7,668$6,516$5,521$4,588
16 years$9,747$8,250$6,952$5,835$4,880$3,995
17 years$9,078$7,598$6,326$5,243$4,327$3,489
18 years$8,485$7,021$5,775$4,725$3,847$3,055
19 years$7,954$6,507$5,287$4,269$3,429$2,681
20 years$7,477$6,047$4,852$3,866$3,063$2,357
21 years$7,046$5,632$4,463$3,509$2,741$2,076
22 years$6,655$5,257$4,113$3,191$2,457$1,830
23 years$6,298$4,917$3,798$2,906$2,205$1,616
24 years$5,972$4,607$3,512$2,650$1,982$1,429
25 years$5,672$4,323$3,253$2,420$1,784$1,264
26 years$5,396$4,063$3,017$2,213$1,607$1,119
27 years$5,140$3,824$2,802$2,026$1,449$992
28 years$4,903$3,603$2,604$1,856$1,307$880
29 years$4,683$3,399$2,424$1,702$1,180$780
30 years$4,478$3,210$2,258$1,562$1,066$693
31 years$4,287$3,035$2,105$1,434$964$615
32 years$4,108$2,872$1,964$1,318$872$547
33 years$3,940$2,719$1,833$1,212$789$486
34 years$3,782$2,577$1,713$1,115$715$432
35 years$3,634$2,445$1,602$1,027$647$384
36 years$3,494$2,320$1,498$946$586$342
37 years$3,362$2,204$1,402$871$532$304
38 years$3,238$2,094$1,313$803$482$271
39 years$3,120$1,992$1,230$740$437$241
40 years$3,008$1,895$1,153$683$396$214
41 years$2,902$1,804$1,081$630$360$191
42 years$2,801$1,718$1,014$582$326$170
43 years$2,705$1,637$952$537$296$151
44 years$2,614$1,560$893$496$269$135
45 years$2,527$1,488$839$458$244$120
46 years$2,444$1,419$788$423$222$107
47 years$2,365$1,354$740$391$201$95
48 years$2,289$1,293$696$361$183$85
49 years$2,217$1,235$654$334$166$76
50 years$2,148$1,179$615$308$151$67

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 $5,717 every year, while hoping to spend $49,393 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: 75/18/7 Blend
49$2,200,000$2,200,000$2,200,000$2,200,000
50$2,430,297$2,313,697$2,279,597$2,609,913
51$2,625,634$2,374,514$2,303,410$2,789,689
52$2,839,239$2,436,656$2,326,365$2,979,774
53$3,072,925$2,500,136$2,348,381$3,186,643
54$3,328,685$2,564,964$2,369,374$3,411,943
55$3,608,716$2,631,153$2,389,253$3,657,484
56$3,915,435$2,698,710$2,407,924$3,925,259
57$4,251,508$2,767,644$2,425,287$4,217,464
58$4,619,865$2,837,963$2,441,238$4,536,518
59$5,023,738$2,909,670$2,455,666$4,885,083
60$5,466,685$2,982,769$2,468,456$5,266,092
61$5,952,623$3,057,261$2,479,486$5,682,776
62$6,485,870$3,133,146$2,488,628$6,138,693
63$7,071,180$3,210,422$2,495,748$6,637,761
64$7,713,789$3,289,081$2,500,705$7,184,300
65$8,419,467$3,369,118$2,503,350$7,783,064
66$9,194,569$3,450,521$2,503,528$8,439,293
67$10,046,095$3,533,276$2,501,077$9,158,758
68$10,981,758$3,617,367$2,495,823$9,947,820
69$12,010,053$3,702,775$2,487,590$10,813,483
70$13,140,342$3,789,474$2,476,187$11,763,466
71$14,382,935$3,877,437$2,461,418$12,806,272
72$15,749,196$3,966,632$2,443,076$13,951,270
73$17,251,639$4,057,022$2,420,945$15,208,785
74$18,904,056$4,148,567$2,394,797$16,590,189
75$20,721,642$4,241,218$2,364,394$18,108,014
76$22,721,137$4,334,925$2,329,489$19,776,071
77$24,920,985$4,429,629$2,289,819$21,609,573
78$27,341,510$4,525,266$2,245,113$23,625,286
79$30,005,105$4,621,764$2,195,084$25,841,683
80$32,936,440$4,719,045$2,139,435$28,279,121
81$36,162,703$4,817,024$2,077,852$30,960,029
82$39,713,847$4,915,607$2,010,008$33,909,123
83$43,622,878$5,014,690$1,935,562$37,153,640
84$47,926,164$5,114,162$1,854,156$40,723,591
85$52,663,779$5,213,902$1,765,416$44,652,046
86$57,879,878$5,313,777$1,668,951$48,975,448
87$63,623,118$5,413,644$1,564,353$53,733,955
88$69,947,112$5,513,349$1,451,195$58,971,819
89$76,910,938$5,612,724$1,329,031$64,737,805
90$84,579,695$5,711,589$1,197,395$71,085,649
91$93,025,116$5,809,749$1,055,800$78,074,567
92$102,326,247$5,906,995$903,738$85,769,814
93$112,570,189$6,003,103$740,677$94,243,300
94$123,852,922$6,097,829$566,064$103,574,267
95$136,280,213$6,190,915$379,320$113,850,040
96$149,968,607$6,282,083$179,840$125,166,849
97$165,046,534$6,371,034$0$137,630,738
98$181,655,515$6,457,449$0$151,361,037
99$199,951,500$6,540,987$0$166,498,552
100$220,106,340$6,621,282$0$183,171,801