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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$184,151$182,511$180,911$179,349$177,823$174,734
2 years$91,164$89,466$87,821$86,225$84,678$81,575
3 years$60,172$58,467$56,826$55,245$53,723$50,704
4 years$44,679$42,980$41,355$39,801$38,316$35,403
5 years$35,386$33,696$32,093$30,571$29,127$26,330
6 years$29,193$27,516$25,936$24,448$23,047$20,368
7 years$24,771$23,108$21,553$20,100$18,744$16,184
8 years$21,455$19,808$18,278$16,861$15,550$13,108
9 years$18,878$17,246$15,743$14,362$13,095$10,771
10 years$16,818$15,202$13,725$12,380$11,158$8,948
11 years$15,133$13,533$12,084$10,775$9,596$7,500
12 years$13,730$12,147$10,724$9,451$8,316$6,329
13 years$12,544$10,977$9,581$8,344$7,251$5,372
14 years$11,528$9,978$8,609$7,407$6,357$4,581
15 years$10,649$9,115$7,772$6,605$5,597$3,921
16 years$9,880$8,363$7,047$5,914$4,946$3,367
17 years$9,202$7,702$6,412$5,314$4,386$2,900
18 years$8,600$7,117$5,854$4,789$3,900$2,503
19 years$8,062$6,596$5,359$4,327$3,476$2,164
20 years$7,579$6,129$4,918$3,919$3,105$1,875
21 years$7,142$5,709$4,524$3,557$2,778$1,626
22 years$6,746$5,329$4,169$3,234$2,490$1,413
23 years$6,384$4,984$3,850$2,945$2,236$1,228
24 years$6,053$4,670$3,560$2,686$2,009$1,069
25 years$5,749$4,382$3,297$2,453$1,808$931
26 years$5,469$4,119$3,058$2,243$1,629$812
27 years$5,210$3,876$2,840$2,053$1,468$708
28 years$4,970$3,653$2,640$1,881$1,325$618
29 years$4,747$3,446$2,457$1,725$1,196$539
30 years$4,539$3,254$2,288$1,583$1,081$471
31 years$4,345$3,076$2,133$1,454$977$411
32 years$4,164$2,911$1,990$1,336$884$359
33 years$3,994$2,757$1,858$1,229$800$314
34 years$3,834$2,613$1,736$1,131$724$275
35 years$3,683$2,478$1,623$1,041$656$240
36 years$3,542$2,352$1,519$959$594$210
37 years$3,408$2,234$1,421$883$539$184
38 years$3,282$2,123$1,331$814$488$161
39 years$3,162$2,019$1,247$751$443$141
40 years$3,049$1,921$1,169$692$402$123
41 years$2,941$1,828$1,096$639$365$108
42 years$2,839$1,741$1,028$589$331$94
43 years$2,742$1,659$965$544$300$83
44 years$2,650$1,581$906$502$272$72
45 years$2,561$1,508$850$464$247$63
46 years$2,477$1,439$799$429$225$55
47 years$2,397$1,373$750$396$204$48
48 years$2,321$1,311$705$366$185$42
49 years$2,247$1,252$663$338$168$37
50 years$2,177$1,195$623$313$153$33

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 $3,238 every year, while hoping to spend $42,066 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: 70/19/11 Blend
49$2,230,000$2,230,000$2,230,000$2,230,000
50$2,460,800$2,342,610$2,308,045$2,627,275
51$2,667,044$2,412,640$2,340,607$2,808,090
52$2,892,914$2,484,692$2,372,849$3,000,472
53$3,140,370$2,558,819$2,404,718$3,209,879
54$3,411,565$2,635,079$2,436,153$3,437,979
55$3,708,875$2,713,529$2,467,095$3,686,608
56$4,034,915$2,794,226$2,497,477$3,957,787
57$4,392,564$2,877,231$2,527,231$4,253,743
58$4,784,996$2,962,605$2,556,283$4,576,927
59$5,215,703$3,050,411$2,584,556$4,930,037
60$5,688,536$3,140,713$2,611,970$5,316,048
61$6,207,734$3,233,575$2,638,439$5,738,232
62$6,777,968$3,329,065$2,663,871$6,200,196
63$7,404,383$3,427,251$2,688,173$6,705,912
64$8,092,646$3,528,202$2,711,243$7,259,754
65$8,849,002$3,631,990$2,732,975$7,866,542
66$9,680,330$3,738,688$2,753,260$8,531,584
67$10,594,208$3,848,368$2,771,979$9,260,727
68$11,598,987$3,961,107$2,789,009$10,060,415
69$12,703,864$4,076,982$2,804,221$10,937,743
70$13,918,974$4,196,070$2,817,479$11,900,530
71$15,255,485$4,318,453$2,828,640$12,957,389
72$16,725,697$4,444,210$2,837,552$14,117,811
73$18,343,168$4,573,426$2,844,059$15,392,249
74$20,122,830$4,706,183$2,847,995$16,792,224
75$22,081,142$4,842,569$2,849,186$18,330,426
76$24,236,233$4,982,669$2,847,448$20,020,840
77$26,608,082$5,126,574$2,842,591$21,878,872
78$29,218,702$5,274,371$2,834,413$23,921,499
79$32,092,348$5,426,154$2,822,705$26,167,425
80$35,255,746$5,582,014$2,807,244$28,637,261
81$38,738,345$5,742,046$2,787,799$31,353,715
82$42,572,594$5,906,344$2,764,129$34,341,812
83$46,794,249$6,075,005$2,735,977$37,629,124
84$51,442,710$6,248,127$2,703,080$41,246,032
85$56,561,390$6,425,809$2,665,156$45,226,015
86$62,198,128$6,608,150$2,621,916$49,605,963
87$68,405,639$6,795,252$2,573,052$54,426,526
88$75,242,010$6,987,215$2,518,245$59,732,495
89$82,771,250$7,184,143$2,457,161$65,573,231
90$91,063,890$7,386,139$2,389,448$72,003,122
91$100,197,654$7,593,307$2,314,742$79,082,104
92$110,258,187$7,805,751$2,232,658$86,876,221
93$121,339,866$8,023,577$2,142,796$95,458,252
94$133,546,690$8,246,890$2,044,737$104,908,394
95$146,993,260$8,475,795$1,938,043$115,315,023
96$161,805,861$8,710,397$1,822,257$126,775,525
97$178,123,655$8,950,803$1,696,899$139,397,216
98$196,099,993$9,197,117$1,561,469$153,298,355
99$215,903,860$9,449,444$1,415,447$168,609,260
100$237,721,474$9,707,887$1,258,284$185,473,538