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%11.5%
1 years$183,326$181,693$180,099$178,544$177,026$175,910
2 years$90,755$89,065$87,427$85,839$84,298$83,173
3 years$59,902$58,205$56,571$54,998$53,482$52,382
4 years$44,479$42,787$41,169$39,623$38,144$37,077
5 years$35,228$33,545$31,949$30,434$28,996$27,967
6 years$29,062$27,392$25,820$24,338$22,944$21,952
7 years$24,659$23,004$21,456$20,010$18,660$17,706
8 years$21,359$19,719$18,197$16,786$15,480$14,565
9 years$18,794$17,169$15,673$14,298$13,036$12,160
10 years$16,742$15,133$13,664$12,325$11,108$10,269
11 years$15,065$13,472$12,029$10,726$9,553$8,752
12 years$13,669$12,092$10,676$9,408$8,278$7,514
13 years$12,488$10,928$9,538$8,306$7,219$6,490
14 years$11,477$9,933$8,570$7,373$6,328$5,634
15 years$10,601$9,074$7,738$6,576$5,572$4,912
16 years$9,835$8,325$7,015$5,888$4,924$4,298
17 years$9,161$7,667$6,384$5,290$4,366$3,772
18 years$8,562$7,085$5,827$4,768$3,882$3,319
19 years$8,026$6,566$5,335$4,308$3,460$2,927
20 years$7,545$6,102$4,896$3,902$3,091$2,587
21 years$7,110$5,683$4,503$3,541$2,766$2,290
22 years$6,715$5,305$4,150$3,220$2,479$2,030
23 years$6,356$4,962$3,832$2,932$2,226$1,802
24 years$6,026$4,649$3,544$2,674$2,000$1,601
25 years$5,724$4,363$3,283$2,442$1,800$1,425
26 years$5,445$4,100$3,044$2,233$1,621$1,268
27 years$5,187$3,859$2,827$2,044$1,462$1,130
28 years$4,948$3,636$2,628$1,873$1,319$1,008
29 years$4,726$3,430$2,446$1,717$1,191$899
30 years$4,519$3,240$2,278$1,576$1,076$803
31 years$4,326$3,062$2,124$1,448$973$717
32 years$4,145$2,898$1,982$1,330$880$641
33 years$3,976$2,744$1,850$1,223$797$573
34 years$3,817$2,601$1,729$1,126$721$512
35 years$3,667$2,467$1,616$1,036$653$458
36 years$3,526$2,341$1,512$954$592$410
37 years$3,393$2,224$1,415$879$536$367
38 years$3,267$2,113$1,325$810$486$329
39 years$3,148$2,010$1,242$747$441$294
40 years$3,035$1,912$1,164$689$400$263
41 years$2,928$1,820$1,091$636$363$236
42 years$2,826$1,733$1,024$587$329$211
43 years$2,730$1,652$960$542$299$189
44 years$2,638$1,574$902$500$271$170
45 years$2,550$1,501$847$462$246$152
46 years$2,466$1,432$795$427$224$136
47 years$2,387$1,367$747$394$203$122
48 years$2,310$1,305$702$364$184$109
49 years$2,237$1,246$660$337$167$98
50 years$2,167$1,190$620$311$152$88

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 $2,057 every year, while hoping to spend $47,217 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: 77/15/8 Blend
49$2,220,000$2,220,000$2,220,000$2,220,000
50$2,448,562$2,330,902$2,296,492$2,634,156
51$2,648,077$2,394,877$2,323,186$2,820,363
52$2,866,359$2,460,405$2,349,191$3,018,186
53$3,105,275$2,527,512$2,374,436$3,233,706
54$3,366,875$2,596,223$2,398,842$3,468,664
55$3,653,423$2,666,564$2,422,330$3,724,975
56$3,967,406$2,738,560$2,444,812$4,004,748
57$4,311,568$2,812,236$2,466,200$4,310,309
58$4,688,929$2,887,616$2,486,398$4,644,214
59$5,102,813$2,964,723$2,505,306$5,009,282
60$5,556,886$3,043,580$2,522,820$5,408,617
61$6,055,183$3,124,210$2,538,828$5,845,637
62$6,602,147$3,206,632$2,553,215$6,324,108
63$7,202,676$3,290,867$2,565,858$6,848,178
64$7,862,163$3,376,933$2,576,628$7,422,415
65$8,586,550$3,464,849$2,585,391$8,051,854
66$9,382,380$3,554,629$2,592,004$8,742,038
67$10,256,866$3,646,289$2,596,319$9,499,077
68$11,217,950$3,739,840$2,598,179$10,329,699
69$12,274,383$3,835,295$2,597,421$11,241,319
70$13,435,807$3,932,661$2,593,871$12,242,106
71$14,712,843$4,031,945$2,587,349$13,341,058
72$16,117,194$4,133,152$2,577,667$14,548,091
73$17,661,754$4,236,282$2,564,625$15,874,130
74$19,360,728$4,341,335$2,548,015$17,331,212
75$21,229,768$4,448,306$2,527,619$18,932,599
76$23,286,119$4,557,188$2,503,209$20,692,904
77$25,548,781$4,667,968$2,474,544$22,628,229
78$28,038,690$4,780,632$2,441,375$24,756,316
79$30,778,914$4,895,161$2,403,439$27,096,714
80$33,794,870$5,011,530$2,360,460$29,670,964
81$37,114,563$5,129,711$2,312,152$32,502,802
82$40,768,852$5,249,671$2,258,213$35,618,384
83$44,791,740$5,371,370$2,198,328$39,046,530
84$49,220,693$5,494,762$2,132,167$42,818,997
85$54,096,995$5,619,797$2,059,386$46,970,782
86$59,466,137$5,746,416$1,979,625$51,540,445
87$65,378,247$5,874,554$1,892,505$56,570,481
88$71,888,558$6,004,137$1,797,634$62,107,714
89$79,057,935$6,135,084$1,694,600$68,203,745
90$86,953,447$6,267,305$1,582,971$74,915,433
91$95,648,996$6,400,701$1,462,298$82,305,437
92$105,226,019$6,535,161$1,332,111$90,442,802
93$115,774,255$6,670,565$1,191,918$99,403,617
94$127,392,589$6,806,783$1,041,208$109,271,727
95$140,189,988$6,943,671$879,443$120,139,528
96$154,286,527$7,081,071$706,065$132,108,839
97$169,814,524$7,218,815$520,489$145,291,862
98$186,919,786$7,356,717$322,106$159,812,242
99$205,762,986$7,494,578$110,279$175,806,231
100$226,521,181$7,632,182$0$193,423,982