Can I retire at age 50 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$186,629$184,966$183,344$181,761$180,216$176,433
2 years$92,390$90,670$89,002$87,385$85,817$82,024
3 years$60,982$59,254$57,590$55,989$54,446$50,760
4 years$45,281$43,558$41,911$40,337$38,831$35,282
5 years$35,862$34,150$32,525$30,982$29,519$26,116
6 years$29,585$27,886$26,285$24,777$23,357$20,104
7 years$25,104$23,419$21,843$20,370$18,996$15,893
8 years$21,744$20,074$18,524$17,088$15,759$12,806
9 years$19,132$17,478$15,955$14,555$13,271$10,466
10 years$17,044$15,406$13,910$12,547$11,308$8,647
11 years$15,337$13,715$12,246$10,920$9,725$7,206
12 years$13,915$12,310$10,868$9,578$8,427$6,046
13 years$12,713$11,125$9,710$8,456$7,349$5,101
14 years$11,683$10,112$8,724$7,506$6,442$4,323
15 years$10,792$9,237$7,877$6,694$5,672$3,678
16 years$10,013$8,475$7,142$5,994$5,013$3,138
17 years$9,326$7,805$6,499$5,385$4,445$2,685
18 years$8,716$7,212$5,932$4,853$3,952$2,303
19 years$8,171$6,684$5,431$4,385$3,523$1,978
20 years$7,681$6,211$4,984$3,972$3,146$1,702
21 years$7,238$5,786$4,584$3,605$2,816$1,466
22 years$6,836$5,401$4,225$3,278$2,524$1,265
23 years$6,470$5,051$3,901$2,985$2,266$1,092
24 years$6,135$4,733$3,608$2,722$2,036$944
25 years$5,827$4,441$3,342$2,486$1,832$816
26 years$5,543$4,174$3,099$2,273$1,651$706
27 years$5,280$3,928$2,878$2,081$1,488$611
28 years$5,037$3,702$2,675$1,906$1,343$530
29 years$4,811$3,492$2,490$1,748$1,213$459
30 years$4,600$3,298$2,319$1,604$1,096$398
31 years$4,404$3,118$2,162$1,474$991$345
32 years$4,220$2,950$2,017$1,354$896$299
33 years$4,047$2,794$1,883$1,245$811$260
34 years$3,885$2,648$1,760$1,146$734$225
35 years$3,733$2,511$1,645$1,055$665$195
36 years$3,589$2,384$1,539$971$602$170
37 years$3,454$2,264$1,441$895$546$147
38 years$3,326$2,152$1,349$825$495$128
39 years$3,205$2,046$1,264$761$449$111
40 years$3,090$1,946$1,185$702$407$96
41 years$2,981$1,853$1,111$647$369$84
42 years$2,877$1,765$1,042$597$335$73
43 years$2,779$1,681$978$551$304$63
44 years$2,685$1,603$918$509$276$55
45 years$2,596$1,528$862$470$251$48
46 years$2,511$1,458$809$434$228$41
47 years$2,430$1,391$760$401$207$36
48 years$2,352$1,328$715$371$188$31
49 years$2,278$1,268$672$343$170$27
50 years$2,207$1,212$631$317$155$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,260,000, adding $2,427 every year, while hoping to spend $21,902 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: 43/37/20 Blend
49$2,260,000$2,260,000$2,260,000$2,260,000
50$2,493,023$2,373,243$2,338,213$2,585,608
51$2,724,008$2,466,229$2,393,240$2,744,299
52$2,977,820$2,563,036$2,449,376$2,913,798
53$3,256,762$2,663,830$2,506,635$3,096,987
54$3,563,376$2,768,782$2,565,032$3,295,138
55$3,900,459$2,878,071$2,624,579$3,509,650
56$4,271,093$2,991,884$2,685,290$3,742,059
57$4,678,675$3,110,417$2,747,177$3,994,053
58$5,126,946$3,233,873$2,810,254$4,267,486
59$5,620,029$3,362,467$2,874,531$4,564,398
60$6,162,465$3,496,421$2,940,021$4,887,030
61$6,759,259$3,635,969$3,006,735$5,237,846
62$7,415,926$3,781,353$3,074,682$5,619,556
63$8,138,540$3,932,829$3,143,874$6,035,138
64$8,933,795$4,090,662$3,214,318$6,487,872
65$9,809,068$4,255,130$3,286,023$6,981,361
66$10,772,485$4,426,524$3,358,998$7,519,570
67$11,833,003$4,605,147$3,433,248$8,106,864
68$13,000,487$4,791,318$3,508,780$8,748,041
69$14,285,811$4,985,366$3,585,598$9,448,385
70$15,700,955$5,187,641$3,663,707$10,213,707
71$17,259,120$5,398,503$3,743,109$11,050,405
72$18,974,854$5,618,333$3,823,807$11,965,519
73$20,864,184$5,847,527$3,905,800$12,966,799
74$22,944,774$6,086,499$3,989,087$14,062,774
75$25,236,086$6,335,682$4,073,666$15,262,836
76$27,759,567$6,595,530$4,159,534$16,577,323
77$30,538,848$6,866,517$4,246,684$18,017,615
78$33,599,972$7,149,138$4,335,109$19,596,243
79$36,971,635$7,443,912$4,424,801$21,327,006
80$40,685,458$7,751,380$4,515,749$23,225,094
81$44,776,287$8,072,109$4,607,938$25,307,239
82$49,282,519$8,406,693$4,701,355$27,591,861
83$54,246,467$8,755,752$4,795,981$30,099,249
84$59,714,757$9,119,935$4,891,797$32,851,744
85$65,738,770$9,499,919$4,988,780$35,873,953
86$72,375,125$9,896,416$5,086,905$39,192,975
87$79,686,215$10,310,167$5,186,143$42,838,660
88$87,740,794$10,741,950$5,286,464$46,843,881
89$96,614,628$11,192,579$5,387,833$51,244,850
90$106,391,207$11,662,902$5,490,213$56,081,452
91$117,162,537$12,153,811$5,593,561$61,397,622
92$129,030,004$12,666,236$5,697,834$67,241,755
93$142,105,335$13,201,152$5,802,982$73,667,163
94$156,511,649$13,759,579$5,908,952$80,732,570
95$172,384,622$14,342,583$6,015,687$88,502,672
96$189,873,765$14,951,281$6,123,124$97,048,735
97$209,143,836$15,586,841$6,231,196$106,449,274
98$230,376,398$16,250,486$6,339,831$116,790,781
99$253,771,527$16,943,497$6,448,952$128,168,547
100$279,549,707$17,667,213$6,558,476$140,687,553