Can I retire at age 50 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$184,151$182,511$180,911$179,349$177,823$171,378
2 years$91,164$89,466$87,821$86,225$84,678$78,255
3 years$60,172$58,467$56,826$55,245$53,723$47,524
4 years$44,679$42,980$41,355$39,801$38,316$32,389
5 years$35,386$33,696$32,093$30,571$29,127$23,487
6 years$29,193$27,516$25,936$24,448$23,047$17,699
7 years$24,771$23,108$21,553$20,100$18,744$13,685
8 years$21,455$19,808$18,278$16,861$15,550$10,777
9 years$18,878$17,246$15,743$14,362$13,095$8,602
10 years$16,818$15,202$13,725$12,380$11,158$6,936
11 years$15,133$13,533$12,084$10,775$9,596$5,637
12 years$13,730$12,147$10,724$9,451$8,316$4,609
13 years$12,544$10,977$9,581$8,344$7,251$3,788
14 years$11,528$9,978$8,609$7,407$6,357$3,125
15 years$10,649$9,115$7,772$6,605$5,597$2,586
16 years$9,880$8,363$7,047$5,914$4,946$2,146
17 years$9,202$7,702$6,412$5,314$4,386$1,785
18 years$8,600$7,117$5,854$4,789$3,900$1,487
19 years$8,062$6,596$5,359$4,327$3,476$1,240
20 years$7,579$6,129$4,918$3,919$3,105$1,036
21 years$7,142$5,709$4,524$3,557$2,778$866
22 years$6,746$5,329$4,169$3,234$2,490$725
23 years$6,384$4,984$3,850$2,945$2,236$607
24 years$6,053$4,670$3,560$2,686$2,009$509
25 years$5,749$4,382$3,297$2,453$1,808$426
26 years$5,469$4,119$3,058$2,243$1,629$357
27 years$5,210$3,876$2,840$2,053$1,468$300
28 years$4,970$3,653$2,640$1,881$1,325$252
29 years$4,747$3,446$2,457$1,725$1,196$211
30 years$4,539$3,254$2,288$1,583$1,081$177
31 years$4,345$3,076$2,133$1,454$977$149
32 years$4,164$2,911$1,990$1,336$884$125
33 years$3,994$2,757$1,858$1,229$800$105
34 years$3,834$2,613$1,736$1,131$724$88
35 years$3,683$2,478$1,623$1,041$656$74
36 years$3,542$2,352$1,519$959$594$62
37 years$3,408$2,234$1,421$883$539$52
38 years$3,282$2,123$1,331$814$488$44
39 years$3,162$2,019$1,247$751$443$37
40 years$3,049$1,921$1,169$692$402$31
41 years$2,941$1,828$1,096$639$365$26
42 years$2,839$1,741$1,028$589$331$22
43 years$2,742$1,659$965$544$300$18
44 years$2,650$1,581$906$502$272$15
45 years$2,561$1,508$850$464$247$13
46 years$2,477$1,439$799$429$225$11
47 years$2,397$1,373$750$396$204$9
48 years$2,321$1,311$705$366$185$8
49 years$2,247$1,252$663$338$168$6
50 years$2,177$1,195$623$313$153$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,230,000, adding $5,017 every year, while hoping to spend $35,343 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: 72/9/19 Blend
49$2,230,000$2,230,000$2,230,000$2,230,000
50$2,462,635$2,344,445$2,309,880$2,628,436
51$2,676,219$2,421,718$2,349,656$2,816,611
52$2,910,404$2,501,593$2,389,581$3,017,903
53$3,167,254$2,584,160$2,429,620$3,237,459
54$3,449,043$2,669,513$2,469,741$3,477,084
55$3,758,274$2,757,747$2,509,906$3,738,767
56$4,097,705$2,848,964$2,550,076$4,024,698
57$4,470,375$2,943,268$2,590,207$4,337,289
58$4,879,631$3,040,765$2,630,257$4,679,198
59$5,329,159$3,141,569$2,670,176$5,053,351
60$5,823,021$3,245,793$2,709,914$5,462,972
61$6,365,691$3,353,558$2,749,418$5,911,611
62$6,962,098$3,464,989$2,788,630$6,403,180
63$7,617,672$3,580,214$2,827,489$6,941,988
64$8,338,396$3,699,366$2,865,932$7,532,782
65$9,130,861$3,822,584$2,903,889$8,180,792
66$10,002,329$3,950,010$2,941,290$8,891,778
67$10,960,801$4,081,795$2,978,057$9,672,088
68$12,015,091$4,218,091$3,014,110$10,528,715
69$13,174,912$4,359,059$3,049,365$11,469,364
70$14,450,964$4,504,864$3,083,730$12,502,522
71$15,855,038$4,655,679$3,117,110$13,637,544
72$17,400,125$4,811,680$3,149,407$14,884,734
73$19,100,540$4,973,054$3,180,514$16,255,445
74$20,972,052$5,139,991$3,210,319$17,762,189
75$23,032,042$5,312,691$3,238,705$19,418,749
76$25,299,657$5,491,360$3,265,548$21,240,315
77$27,795,997$5,676,212$3,290,719$23,243,622
78$30,544,311$5,867,468$3,314,080$25,447,111
79$33,570,215$6,065,359$3,335,486$27,871,102
80$36,901,940$6,270,124$3,354,787$30,537,985
81$40,570,588$6,482,010$3,371,823$33,472,432
82$44,610,435$6,701,275$3,386,426$36,701,629
83$49,059,248$6,928,187$3,398,420$40,255,534
84$53,958,644$7,163,021$3,407,620$44,167,158
85$59,354,482$7,406,066$3,413,832$48,472,875
86$65,297,296$7,657,619$3,416,852$53,212,769
87$71,842,770$7,917,992$3,416,466$58,431,011
88$79,052,263$8,187,505$3,412,449$64,176,272
89$86,993,394$8,466,492$3,404,565$70,502,188
90$95,740,670$8,755,300$3,392,569$77,467,862
91$105,376,198$9,054,290$3,376,199$85,138,423
92$115,990,455$9,363,834$3,355,186$93,585,642
93$127,683,140$9,684,321$3,329,244$102,888,605
94$140,564,122$10,016,155$3,298,076$113,134,466
95$154,754,469$10,359,753$3,261,368$124,419,265
96$170,387,595$10,715,551$3,218,794$136,848,834
97$187,610,518$11,084,001$3,170,011$150,539,798
98$206,585,245$11,465,571$3,114,660$165,620,676
99$227,490,305$11,860,749$3,052,367$182,233,092
100$250,522,433$12,270,042$2,982,738$200,533,114