Can I retire at age 50 with 2,220,000?

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 $2,220,000?

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$183,326$181,693$180,099$178,544$177,026$171,017
2 years$90,755$89,065$87,427$85,839$84,298$78,305
3 years$59,902$58,205$56,571$54,998$53,482$47,692
4 years$44,479$42,787$41,169$39,623$38,144$32,602
5 years$35,228$33,545$31,949$30,434$28,996$23,717
6 years$29,062$27,392$25,820$24,338$22,944$17,931
7 years$24,659$23,004$21,456$20,010$18,660$13,912
8 years$21,359$19,719$18,197$16,786$15,480$10,995
9 years$18,794$17,169$15,673$14,298$13,036$8,808
10 years$16,742$15,133$13,664$12,325$11,108$7,129
11 years$15,065$13,472$12,029$10,726$9,553$5,816
12 years$13,669$12,092$10,676$9,408$8,278$4,775
13 years$12,488$10,928$9,538$8,306$7,219$3,940
14 years$11,477$9,933$8,570$7,373$6,328$3,264
15 years$10,601$9,074$7,738$6,576$5,572$2,713
16 years$9,835$8,325$7,015$5,888$4,924$2,261
17 years$9,161$7,667$6,384$5,290$4,366$1,889
18 years$8,562$7,085$5,827$4,768$3,882$1,581
19 years$8,026$6,566$5,335$4,308$3,460$1,325
20 years$7,545$6,102$4,896$3,902$3,091$1,111
21 years$7,110$5,683$4,503$3,541$2,766$934
22 years$6,715$5,305$4,150$3,220$2,479$785
23 years$6,356$4,962$3,832$2,932$2,226$660
24 years$6,026$4,649$3,544$2,674$2,000$556
25 years$5,724$4,363$3,283$2,442$1,800$468
26 years$5,445$4,100$3,044$2,233$1,621$395
27 years$5,187$3,859$2,827$2,044$1,462$333
28 years$4,948$3,636$2,628$1,873$1,319$280
29 years$4,726$3,430$2,446$1,717$1,191$237
30 years$4,519$3,240$2,278$1,576$1,076$200
31 years$4,326$3,062$2,124$1,448$973$168
32 years$4,145$2,898$1,982$1,330$880$142
33 years$3,976$2,744$1,850$1,223$797$120
34 years$3,817$2,601$1,729$1,126$721$101
35 years$3,667$2,467$1,616$1,036$653$85
36 years$3,526$2,341$1,512$954$592$72
37 years$3,393$2,224$1,415$879$536$61
38 years$3,267$2,113$1,325$810$486$51
39 years$3,148$2,010$1,242$747$441$43
40 years$3,035$1,912$1,164$689$400$37
41 years$2,928$1,820$1,091$636$363$31
42 years$2,826$1,733$1,024$587$329$26
43 years$2,730$1,652$960$542$299$22
44 years$2,638$1,574$902$500$271$19
45 years$2,550$1,501$847$462$246$16
46 years$2,466$1,432$795$427$224$13
47 years$2,387$1,367$747$394$203$11
48 years$2,310$1,305$702$364$184$9
49 years$2,237$1,246$660$337$167$8
50 years$2,167$1,190$620$311$152$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,220,000, adding $5,197 every year, while hoping to spend $54,519 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: 63/29/8 Blend
49$2,220,000$2,220,000$2,220,000$2,220,000
50$2,451,801$2,334,141$2,299,731$2,601,963
51$2,643,877$2,390,506$2,318,764$2,759,176
52$2,853,717$2,447,806$2,336,607$2,923,915
53$3,083,076$2,506,028$2,353,164$3,102,384
54$3,333,886$2,565,160$2,368,331$3,295,911
55$3,608,273$2,625,183$2,382,001$3,505,959
56$3,908,579$2,686,079$2,394,060$3,734,140
57$4,237,382$2,747,825$2,404,389$3,982,226
58$4,597,522$2,810,396$2,412,863$4,252,170
59$4,992,127$2,873,762$2,419,351$4,546,126
60$5,424,639$2,937,892$2,423,714$4,866,461
61$5,898,851$3,002,748$2,425,808$5,215,787
62$6,418,942$3,068,290$2,425,481$5,596,979
63$6,989,512$3,134,474$2,422,572$6,013,205
64$7,615,629$3,201,250$2,416,915$6,467,954
65$8,302,875$3,268,564$2,408,334$6,965,072
66$9,057,400$3,336,355$2,396,644$7,508,793
67$9,885,976$3,404,558$2,381,654$8,103,785
68$10,796,066$3,473,101$2,363,160$8,755,190
69$11,795,889$3,541,908$2,340,950$9,468,674
70$12,894,501$3,610,893$2,314,803$10,250,480
71$14,101,878$3,679,964$2,284,486$11,107,486
72$15,429,009$3,749,022$2,249,756$12,047,273
73$16,888,003$3,817,959$2,210,358$13,078,192
74$18,492,199$3,886,659$2,166,025$14,209,448
75$20,256,295$3,954,996$2,116,478$15,451,184
76$22,196,481$4,022,835$2,061,424$16,814,576
77$24,330,599$4,090,031$2,000,559$18,311,940
78$26,678,305$4,156,427$1,933,562$19,956,849
79$29,261,255$4,221,855$1,860,099$21,764,260
80$32,103,311$4,286,134$1,779,821$23,750,656
81$35,230,765$4,349,071$1,692,362$25,934,202
82$38,672,587$4,410,459$1,597,339$28,334,916
83$42,460,695$4,470,076$1,494,355$30,974,857
84$46,630,261$4,527,685$1,382,991$33,878,337
85$51,220,038$4,583,032$1,262,811$37,072,149
86$56,272,727$4,635,845$1,133,360$40,585,818
87$61,835,379$4,685,836$994,162$44,451,883
88$67,959,842$4,732,696$844,720$48,706,205
89$74,703,243$4,776,096$684,516$53,388,303
90$82,128,534$4,815,684$513,007$58,541,729
91$90,305,079$4,851,087$329,628$64,214,483
92$99,309,314$4,881,908$133,787$70,459,460
93$109,225,464$4,907,721$0$77,334,954
94$120,146,340$4,928,078$0$84,911,632
95$132,174,211$4,942,498$0$93,266,477
96$145,421,772$4,950,472$0$102,466,144
97$160,013,207$4,951,460$0$112,596,683
98$176,085,359$4,944,886$0$123,752,924
99$193,789,020$4,930,140$0$136,039,370
100$213,290,358$4,906,574$0$149,571,188