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%15.8%
1 years$184,151$182,511$180,911$179,349$177,823$173,595
2 years$91,164$89,466$87,821$86,225$84,678$80,443
3 years$60,172$58,467$56,826$55,245$53,723$49,613
4 years$44,679$42,980$41,355$39,801$38,316$34,363
5 years$35,386$33,696$32,093$30,571$29,127$25,342
6 years$29,193$27,516$25,936$24,448$23,047$19,435
7 years$24,771$23,108$21,553$20,100$18,744$15,303
8 years$21,455$19,808$18,278$16,861$15,550$12,280
9 years$18,878$17,246$15,743$14,362$13,095$9,994
10 years$16,818$15,202$13,725$12,380$11,158$8,222
11 years$15,133$13,533$12,084$10,775$9,596$6,821
12 years$13,730$12,147$10,724$9,451$8,316$5,697
13 years$12,544$10,977$9,581$8,344$7,251$4,784
14 years$11,528$9,978$8,609$7,407$6,357$4,035
15 years$10,649$9,115$7,772$6,605$5,597$3,416
16 years$9,880$8,363$7,047$5,914$4,946$2,901
17 years$9,202$7,702$6,412$5,314$4,386$2,469
18 years$8,600$7,117$5,854$4,789$3,900$2,107
19 years$8,062$6,596$5,359$4,327$3,476$1,800
20 years$7,579$6,129$4,918$3,919$3,105$1,541
21 years$7,142$5,709$4,524$3,557$2,778$1,320
22 years$6,746$5,329$4,169$3,234$2,490$1,133
23 years$6,384$4,984$3,850$2,945$2,236$973
24 years$6,053$4,670$3,560$2,686$2,009$836
25 years$5,749$4,382$3,297$2,453$1,808$719
26 years$5,469$4,119$3,058$2,243$1,629$619
27 years$5,210$3,876$2,840$2,053$1,468$533
28 years$4,970$3,653$2,640$1,881$1,325$459
29 years$4,747$3,446$2,457$1,725$1,196$395
30 years$4,539$3,254$2,288$1,583$1,081$341
31 years$4,345$3,076$2,133$1,454$977$294
32 years$4,164$2,911$1,990$1,336$884$253
33 years$3,994$2,757$1,858$1,229$800$218
34 years$3,834$2,613$1,736$1,131$724$188
35 years$3,683$2,478$1,623$1,041$656$163
36 years$3,542$2,352$1,519$959$594$140
37 years$3,408$2,234$1,421$883$539$121
38 years$3,282$2,123$1,331$814$488$104
39 years$3,162$2,019$1,247$751$443$90
40 years$3,049$1,921$1,169$692$402$78
41 years$2,941$1,828$1,096$639$365$67
42 years$2,839$1,741$1,028$589$331$58
43 years$2,742$1,659$965$544$300$50
44 years$2,650$1,581$906$502$272$43
45 years$2,561$1,508$850$464$247$37
46 years$2,477$1,439$799$429$225$32
47 years$2,397$1,373$750$396$204$28
48 years$2,321$1,311$705$366$185$24
49 years$2,247$1,252$663$338$168$21
50 years$2,177$1,195$623$313$153$18

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 $4,247 every year, while hoping to spend $58,038 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: 40/37/23 Blend
49$2,230,000$2,230,000$2,230,000$2,230,000
50$2,461,841$2,343,651$2,309,086$2,543,410
51$2,651,197$2,396,738$2,324,688$2,655,598
52$2,857,921$2,450,481$2,338,868$2,771,082
53$3,083,726$2,504,851$2,351,517$2,894,859
54$3,330,493$2,559,815$2,362,519$3,027,721
55$3,600,295$2,615,338$2,371,755$3,170,537
56$3,895,414$2,671,379$2,379,099$3,324,270
57$4,218,365$2,727,895$2,384,417$3,489,977
58$4,571,913$2,784,837$2,387,570$3,668,828
59$4,959,107$2,842,152$2,388,412$3,862,110
60$5,383,301$2,899,783$2,386,789$4,071,244
61$5,848,192$2,957,667$2,382,541$4,297,795
62$6,357,849$3,015,734$2,375,497$4,543,492
63$6,916,755$3,073,910$2,365,482$4,810,239
64$7,529,847$3,132,115$2,352,309$5,100,138
65$8,202,564$3,190,261$2,335,783$5,415,506
66$8,940,895$3,248,253$2,315,701$5,758,897
67$9,751,438$3,305,989$2,291,849$6,133,130
68$10,641,461$3,363,359$2,264,003$6,541,313
69$11,618,971$3,420,245$2,231,928$6,986,874
70$12,692,788$3,476,519$2,195,379$7,473,593
71$13,872,628$3,532,043$2,154,100$8,005,638
72$15,169,194$3,586,672$2,107,820$8,587,608
73$16,594,279$3,640,246$2,056,260$9,224,571
74$18,160,875$3,692,597$1,999,123$9,922,120
75$19,883,293$3,743,544$1,936,103$10,686,421
76$21,777,304$3,792,892$1,866,877$11,524,271
77$23,860,280$3,840,434$1,791,108$12,443,171
78$26,151,362$3,885,950$1,708,445$13,451,386
79$28,671,641$3,929,201$1,618,518$14,558,036
80$31,444,353$3,969,937$1,520,943$15,773,173
81$34,495,100$4,007,887$1,415,317$17,107,883
82$37,852,091$4,042,764$1,301,221$18,574,389
83$41,546,408$4,074,263$1,178,216$20,186,169
84$45,612,297$4,102,057$1,045,841$21,958,085
85$50,087,494$4,125,800$903,619$23,906,521
86$55,013,577$4,145,123$751,049$26,049,543
87$60,436,361$4,159,634$587,609$28,407,072
88$66,406,329$4,168,914$412,752$31,001,067
89$72,979,104$4,172,521$225,910$33,855,741
90$80,215,982$4,169,984$26,487$36,997,790
91$88,184,501$4,160,802$0$40,456,642
92$96,959,084$4,144,445$0$44,310,472
93$106,621,737$4,120,349$0$48,559,230
94$117,262,824$4,087,916$0$53,236,009
95$128,981,920$4,046,512$0$58,384,454
96$141,888,751$3,995,466$0$64,052,670
97$156,104,225$3,934,065$0$70,293,675
98$171,761,575$3,861,554$0$77,165,906
99$189,007,619$3,777,134$0$84,733,767
100$208,004,141$3,679,957$0$93,068,241