Can I retire at age 50 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$184,977$183,329$181,722$180,153$178,621$172,972
2 years$91,573$89,867$88,215$86,612$85,057$79,418
3 years$60,442$58,729$57,081$55,493$53,964$48,510
4 years$44,880$43,172$41,540$39,980$38,488$33,261
5 years$35,545$33,848$32,237$30,708$29,258$24,273
6 years$29,324$27,639$26,052$24,558$23,151$18,412
7 years$24,882$23,211$21,649$20,190$18,828$14,335
8 years$21,552$19,896$18,360$16,937$15,619$11,369
9 years$18,963$17,323$15,814$14,427$13,154$9,141
10 years$16,893$15,270$13,787$12,436$11,208$7,427
11 years$15,201$13,594$12,138$10,823$9,639$6,083
12 years$13,792$12,201$10,772$9,493$8,353$5,014
13 years$12,600$11,026$9,624$8,381$7,284$4,154
14 years$11,580$10,022$8,647$7,440$6,385$3,456
15 years$10,696$9,156$7,807$6,635$5,622$2,885
16 years$9,924$8,400$7,078$5,941$4,969$2,415
17 years$9,243$7,736$6,441$5,338$4,406$2,026
18 years$8,639$7,149$5,880$4,810$3,917$1,703
19 years$8,099$6,625$5,383$4,347$3,491$1,434
20 years$7,613$6,157$4,940$3,937$3,119$1,208
21 years$7,174$5,735$4,544$3,573$2,791$1,020
22 years$6,776$5,353$4,188$3,249$2,502$861
23 years$6,413$5,007$3,867$2,959$2,246$728
24 years$6,080$4,691$3,576$2,698$2,018$616
25 years$5,775$4,402$3,312$2,464$1,816$521
26 years$5,494$4,137$3,072$2,253$1,636$441
27 years$5,234$3,894$2,853$2,062$1,475$374
28 years$4,992$3,669$2,652$1,890$1,331$317
29 years$4,768$3,461$2,468$1,733$1,202$269
30 years$4,560$3,269$2,299$1,590$1,086$228
31 years$4,365$3,090$2,143$1,461$982$193
32 years$4,182$2,924$1,999$1,342$888$164
33 years$4,012$2,769$1,867$1,234$804$139
34 years$3,851$2,624$1,744$1,136$728$118
35 years$3,700$2,489$1,631$1,045$659$100
36 years$3,558$2,363$1,526$963$597$85
37 years$3,423$2,244$1,428$887$541$72
38 years$3,296$2,132$1,337$818$491$61
39 years$3,176$2,028$1,253$754$445$52
40 years$3,062$1,929$1,174$695$404$44
41 years$2,954$1,836$1,101$642$366$37
42 years$2,852$1,749$1,033$592$332$32
43 years$2,754$1,666$969$547$302$27
44 years$2,661$1,588$910$505$274$23
45 years$2,573$1,515$854$466$248$19
46 years$2,489$1,445$802$431$226$16
47 years$2,408$1,379$754$398$205$14
48 years$2,331$1,316$708$368$186$12
49 years$2,257$1,257$666$340$169$10
50 years$2,187$1,201$626$314$153$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,240,000, adding $4,893 every year, while hoping to spend $23,715 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: 44/39/17 Blend
49$2,240,000$2,240,000$2,240,000$2,240,000
50$2,473,527$2,354,807$2,320,087$2,570,015
51$2,700,594$2,444,960$2,372,577$2,728,330
52$2,950,028$2,538,736$2,426,031$2,897,087
53$3,224,083$2,636,287$2,480,456$3,079,499
54$3,525,247$2,737,772$2,535,859$3,276,839
55$3,856,256$2,843,357$2,592,245$3,490,502
56$4,220,130$2,953,217$2,649,620$3,722,025
57$4,620,190$3,067,531$2,707,989$3,973,093
58$5,060,098$3,186,489$2,767,356$4,245,560
59$5,543,890$3,310,289$2,827,724$4,541,464
60$6,076,010$3,439,136$2,889,096$4,863,045
61$6,661,355$3,573,247$2,951,473$5,212,766
62$7,305,322$3,712,844$3,014,856$5,593,335
63$8,013,856$3,858,164$3,079,244$6,007,731
64$8,793,507$4,009,452$3,144,636$6,459,231
65$9,651,492$4,166,963$3,211,029$6,951,438
66$10,595,765$4,330,965$3,278,420$7,488,318
67$11,635,089$4,501,737$3,346,802$8,074,232
68$12,779,117$4,679,572$3,416,170$8,713,981
69$14,038,490$4,864,774$3,486,515$9,412,847
70$15,424,931$5,057,662$3,557,827$10,176,643
71$16,951,355$5,258,569$3,630,095$11,011,765
72$18,631,996$5,467,842$3,703,307$11,925,256
73$20,482,539$5,685,846$3,777,447$12,924,867
74$22,520,264$5,912,958$3,852,497$14,019,129
75$24,764,215$6,149,578$3,928,440$15,217,435
76$27,235,376$6,396,118$4,005,254$16,530,126
77$29,956,870$6,653,013$4,082,916$17,968,587
78$32,954,176$6,920,716$4,161,398$19,545,354
79$36,255,370$7,199,700$4,240,674$21,274,229
80$39,891,393$7,490,459$4,320,711$23,170,410
81$43,896,336$7,793,513$4,401,476$25,250,635
82$48,307,768$8,109,400$4,482,931$27,533,334
83$53,167,086$8,438,688$4,565,035$30,038,806
84$58,519,912$8,781,966$4,647,747$32,789,404
85$64,416,513$9,139,853$4,731,017$35,809,747
86$70,912,286$9,512,994$4,814,795$39,126,952
87$78,068,275$9,902,067$4,899,026$42,770,884
88$85,951,747$10,307,776$4,983,651$46,774,439
89$94,636,830$10,730,861$5,068,608$51,173,851
90$104,205,207$11,172,094$5,153,827$56,009,032
91$114,746,896$11,632,284$5,239,237$61,323,946
92$126,361,088$12,112,275$5,324,760$67,167,022
93$139,157,093$12,612,950$5,410,314$73,591,609
94$153,255,366$13,135,235$5,495,809$80,656,476
95$168,788,647$13,680,095$5,581,153$88,426,366
96$185,903,212$14,248,543$5,666,244$96,972,601
97$204,760,254$14,841,635$5,750,977$106,373,754
98$225,537,403$15,460,478$5,835,238$116,716,388
99$248,430,407$16,106,231$5,918,908$128,095,870
100$273,654,975$16,780,103$6,001,858$140,617,266