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

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$184,977$183,329$181,722$180,153$178,621$175,879
2 years$91,573$89,867$88,215$86,612$85,057$82,302
3 years$60,442$58,729$57,081$55,493$53,964$51,280
4 years$44,880$43,172$41,540$39,980$38,488$35,896
5 years$35,545$33,848$32,237$30,708$29,258$26,766
6 years$29,324$27,639$26,052$24,558$23,151$20,762
7 years$24,882$23,211$21,649$20,190$18,828$16,543
8 years$21,552$19,896$18,360$16,937$15,619$13,438
9 years$18,963$17,323$15,814$14,427$13,154$11,075
10 years$16,893$15,270$13,787$12,436$11,208$9,229
11 years$15,201$13,594$12,138$10,823$9,639$7,759
12 years$13,792$12,201$10,772$9,493$8,353$6,569
13 years$12,600$11,026$9,624$8,381$7,284$5,594
14 years$11,580$10,022$8,647$7,440$6,385$4,786
15 years$10,696$9,156$7,807$6,635$5,622$4,111
16 years$9,924$8,400$7,078$5,941$4,969$3,543
17 years$9,243$7,736$6,441$5,338$4,406$3,062
18 years$8,639$7,149$5,880$4,810$3,917$2,652
19 years$8,099$6,625$5,383$4,347$3,491$2,302
20 years$7,613$6,157$4,940$3,937$3,119$2,002
21 years$7,174$5,735$4,544$3,573$2,791$1,743
22 years$6,776$5,353$4,188$3,249$2,502$1,520
23 years$6,413$5,007$3,867$2,959$2,246$1,327
24 years$6,080$4,691$3,576$2,698$2,018$1,159
25 years$5,775$4,402$3,312$2,464$1,816$1,013
26 years$5,494$4,137$3,072$2,253$1,636$887
27 years$5,234$3,894$2,853$2,062$1,475$777
28 years$4,992$3,669$2,652$1,890$1,331$680
29 years$4,768$3,461$2,468$1,733$1,202$596
30 years$4,560$3,269$2,299$1,590$1,086$523
31 years$4,365$3,090$2,143$1,461$982$459
32 years$4,182$2,924$1,999$1,342$888$403
33 years$4,012$2,769$1,867$1,234$804$353
34 years$3,851$2,624$1,744$1,136$728$310
35 years$3,700$2,489$1,631$1,045$659$272
36 years$3,558$2,363$1,526$963$597$239
37 years$3,423$2,244$1,428$887$541$210
38 years$3,296$2,132$1,337$818$491$185
39 years$3,176$2,028$1,253$754$445$162
40 years$3,062$1,929$1,174$695$404$143
41 years$2,954$1,836$1,101$642$366$125
42 years$2,852$1,749$1,033$592$332$110
43 years$2,754$1,666$969$547$302$97
44 years$2,661$1,588$910$505$274$85
45 years$2,573$1,515$854$466$248$75
46 years$2,489$1,445$802$431$226$66
47 years$2,408$1,379$754$398$205$58
48 years$2,331$1,316$708$368$186$51
49 years$2,257$1,257$666$340$169$45
50 years$2,187$1,201$626$314$153$39

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 $6,343 every year, while hoping to spend $31,007 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: 60/31/9 Blend
49$2,240,000$2,240,000$2,240,000$2,240,000
50$2,475,023$2,356,303$2,321,583$2,618,154
51$2,694,484$2,438,770$2,366,365$2,797,384
52$2,935,291$2,524,240$2,411,607$2,988,690
53$3,199,588$2,612,825$2,457,294$3,196,585
54$3,489,738$2,704,645$2,503,405$3,422,668
55$3,808,343$2,799,824$2,549,920$3,668,698
56$4,158,268$2,898,491$2,596,818$3,936,609
57$4,542,673$3,000,778$2,644,072$4,228,532
58$4,965,035$3,106,826$2,691,658$4,546,809
59$5,429,187$3,216,778$2,739,547$4,894,019
60$5,939,351$3,330,787$2,787,709$5,272,999
61$6,500,177$3,449,008$2,836,109$5,686,873
62$7,116,791$3,571,605$2,884,715$6,139,079
63$7,794,837$3,698,748$2,933,486$6,633,401
64$8,540,537$3,830,612$2,982,384$7,174,007
65$9,360,742$3,967,383$3,031,365$7,765,482
66$10,263,004$4,109,251$3,080,382$8,412,879
67$11,255,642$4,256,416$3,129,386$9,121,757
68$12,347,823$4,409,085$3,178,325$9,898,241
69$13,549,645$4,567,474$3,227,143$10,749,073
70$14,872,236$4,731,809$3,275,781$11,681,678
71$16,327,859$4,902,322$3,324,174$12,704,235
72$17,930,022$5,079,258$3,372,256$13,825,749
73$19,693,613$5,262,870$3,419,955$15,056,140
74$21,635,035$5,453,423$3,467,196$16,406,331
75$23,772,360$5,651,193$3,513,899$17,888,356
76$26,125,506$5,856,466$3,559,979$19,515,468
77$28,716,415$6,069,541$3,605,347$21,302,266
78$31,569,270$6,290,728$3,649,906$23,264,831
79$34,710,714$6,520,353$3,693,557$25,420,877
80$38,170,110$6,758,754$3,736,194$27,789,917
81$41,979,809$7,006,281$3,777,705$30,393,448
82$46,175,463$7,263,302$3,817,971$33,255,150
83$50,796,356$7,530,199$3,856,868$36,401,110
84$55,885,775$7,807,370$3,894,265$39,860,068
85$61,491,424$8,095,230$3,930,022$43,663,688
86$67,665,866$8,394,213$3,963,994$47,846,852
87$74,467,023$8,704,769$3,996,028$52,447,991
88$81,958,725$9,027,368$4,025,960$57,509,447
89$90,211,307$9,362,501$4,053,621$63,077,868
90$99,302,275$9,710,678$4,078,832$69,204,653
91$109,317,038$10,072,432$4,101,404$75,946,429
92$120,349,713$10,448,319$4,121,139$83,365,590
93$132,504,016$10,838,918$4,137,829$91,530,880
94$145,894,234$11,244,834$4,151,254$100,518,045
95$160,646,310$11,666,695$4,161,186$110,410,540
96$176,899,031$12,105,161$4,167,383$121,300,323
97$194,805,334$12,560,915$4,169,592$133,288,715
98$214,533,751$13,034,673$4,167,546$146,487,359
99$236,270,002$13,527,180$4,160,968$161,019,270
100$260,218,746$14,039,216$4,149,564$177,019,993