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%
1 years$183,326$181,693$180,099$178,544$177,026$171,291
2 years$90,755$89,065$87,427$85,839$84,298$78,574
3 years$59,902$58,205$56,571$54,998$53,482$47,948
4 years$44,479$42,787$41,169$39,623$38,144$32,843
5 years$35,228$33,545$31,949$30,434$28,996$23,943
6 years$29,062$27,392$25,820$24,338$22,944$18,141
7 years$24,659$23,004$21,456$20,010$18,660$14,108
8 years$21,359$19,719$18,197$16,786$15,480$11,176
9 years$18,794$17,169$15,673$14,298$13,036$8,975
10 years$16,742$15,133$13,664$12,325$11,108$7,282
11 years$15,065$13,472$12,029$10,726$9,553$5,957
12 years$13,669$12,092$10,676$9,408$8,278$4,904
13 years$12,488$10,928$9,538$8,306$7,219$4,057
14 years$11,477$9,933$8,570$7,373$6,328$3,371
15 years$10,601$9,074$7,738$6,576$5,572$2,810
16 years$9,835$8,325$7,015$5,888$4,924$2,348
17 years$9,161$7,667$6,384$5,290$4,366$1,967
18 years$8,562$7,085$5,827$4,768$3,882$1,651
19 years$8,026$6,566$5,335$4,308$3,460$1,388
20 years$7,545$6,102$4,896$3,902$3,091$1,168
21 years$7,110$5,683$4,503$3,541$2,766$984
22 years$6,715$5,305$4,150$3,220$2,479$830
23 years$6,356$4,962$3,832$2,932$2,226$701
24 years$6,026$4,649$3,544$2,674$2,000$592
25 years$5,724$4,363$3,283$2,442$1,800$500
26 years$5,445$4,100$3,044$2,233$1,621$423
27 years$5,187$3,859$2,827$2,044$1,462$357
28 years$4,948$3,636$2,628$1,873$1,319$302
29 years$4,726$3,430$2,446$1,717$1,191$256
30 years$4,519$3,240$2,278$1,576$1,076$217
31 years$4,326$3,062$2,124$1,448$973$183
32 years$4,145$2,898$1,982$1,330$880$155
33 years$3,976$2,744$1,850$1,223$797$131
34 years$3,817$2,601$1,729$1,126$721$111
35 years$3,667$2,467$1,616$1,036$653$94
36 years$3,526$2,341$1,512$954$592$80
37 years$3,393$2,224$1,415$879$536$68
38 years$3,267$2,113$1,325$810$486$57
39 years$3,148$2,010$1,242$747$441$49
40 years$3,035$1,912$1,164$689$400$41
41 years$2,928$1,820$1,091$636$363$35
42 years$2,826$1,733$1,024$587$329$30
43 years$2,730$1,652$960$542$299$25
44 years$2,638$1,574$902$500$271$21
45 years$2,550$1,501$847$462$246$18
46 years$2,466$1,432$795$427$224$15
47 years$2,387$1,367$747$394$203$13
48 years$2,310$1,305$702$364$184$11
49 years$2,237$1,246$660$337$167$9
50 years$2,167$1,190$620$311$152$8

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 $3,982 every year, while hoping to spend $29,184 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: 48/34/18 Blend
49$2,220,000$2,220,000$2,220,000$2,220,000
50$2,450,547$2,332,887$2,298,477$2,555,581
51$2,669,452$2,416,147$2,344,425$2,712,135
52$2,909,706$2,502,509$2,390,933$2,878,743
53$3,173,458$2,592,093$2,437,991$3,059,035
54$3,463,071$2,685,026$2,485,584$3,254,303
55$3,781,151$2,781,440$2,533,699$3,465,969
56$4,130,569$2,881,470$2,582,318$3,695,597
57$4,514,484$2,985,260$2,631,423$3,944,908
58$4,936,381$3,092,957$2,680,995$4,215,792
59$5,400,096$3,204,716$2,731,013$4,510,331
60$5,909,857$3,320,698$2,781,452$4,830,813
61$6,470,320$3,441,070$2,832,288$5,179,757
62$7,086,616$3,566,006$2,883,494$5,559,934
63$7,764,399$3,695,689$2,935,039$5,974,394
64$8,509,896$3,830,306$2,986,891$6,426,493
65$9,329,971$3,970,056$3,039,017$6,919,925
66$10,232,183$4,115,144$3,091,379$7,458,755
67$11,224,863$4,265,784$3,143,938$8,047,459
68$12,317,190$4,422,198$3,196,651$8,690,965
69$13,519,277$4,584,619$3,249,473$9,394,695
70$14,842,268$4,753,290$3,302,355$10,164,622
71$16,298,441$4,928,463$3,355,245$11,007,322
72$17,901,324$5,110,400$3,408,088$11,930,033
73$19,665,825$5,299,376$3,460,825$12,940,729
74$21,608,371$5,495,676$3,513,394$14,048,189
75$23,747,060$5,699,599$3,565,728$15,262,080
76$26,101,836$5,911,456$3,617,755$16,593,049
77$28,694,675$6,131,569$3,669,402$18,052,823
78$31,549,794$6,360,278$3,720,589$19,654,317
79$34,693,874$6,597,933$3,771,230$21,411,755
80$38,156,320$6,844,903$3,821,237$23,340,804
81$41,969,531$7,101,569$3,870,515$25,458,722
82$46,169,210$7,368,332$3,918,964$27,784,518
83$50,794,697$7,645,609$3,966,477$30,339,132
84$55,889,345$7,933,833$4,012,943$33,145,628
85$61,500,926$8,233,458$4,058,244$36,229,416
86$67,682,080$8,544,957$4,102,255$39,618,487
87$74,490,816$8,868,823$4,144,844$43,343,677
88$81,991,055$9,205,572$4,185,872$47,438,954
89$90,253,237$9,555,739$4,225,194$51,941,745
90$99,354,984$9,919,887$4,262,654$56,893,278
91$109,381,829$10,298,599$4,298,090$62,338,977
92$120,428,032$10,692,485$4,331,332$68,328,886
93$132,597,458$11,102,184$4,362,199$74,918,141
94$146,004,567$11,528,360$4,390,501$82,167,488
95$160,775,490$11,971,707$4,416,040$90,143,857
96$177,049,219$12,432,949$4,438,606$98,920,987
97$194,978,919$12,912,843$4,457,978$108,580,127
98$214,733,374$13,412,178$4,473,926$119,210,795
99$236,498,582$13,931,779$4,486,207$130,911,626
100$260,479,507$14,472,505$4,494,564$143,791,297