Can I retire at age 50 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$189,106$187,422$185,778$184,174$182,608$179,361
2 years$93,617$91,873$90,184$88,545$86,956$83,696
3 years$61,791$60,040$58,355$56,732$55,169$51,997
4 years$45,882$44,136$42,467$40,872$39,347$36,288
5 years$36,338$34,603$32,956$31,394$29,911$26,974
6 years$29,978$28,256$26,634$25,106$23,667$20,855
7 years$25,437$23,729$22,133$20,641$19,248$16,561
8 years$22,033$20,340$18,770$17,315$15,968$13,406
9 years$19,386$17,710$16,167$14,749$13,447$11,009
10 years$17,270$15,611$14,095$12,713$11,458$9,141
11 years$15,540$13,897$12,409$11,065$9,854$7,656
12 years$14,100$12,473$11,012$9,705$8,539$6,457
13 years$12,882$11,272$9,839$8,568$7,446$5,477
14 years$11,838$10,246$8,840$7,606$6,528$4,667
15 years$10,935$9,360$7,982$6,783$5,747$3,992
16 years$10,146$8,588$7,236$6,073$5,080$3,426
17 years$9,450$7,909$6,585$5,457$4,504$2,948
18 years$8,832$7,308$6,011$4,918$4,005$2,543
19 years$8,279$6,773$5,503$4,444$3,569$2,197
20 years$7,783$6,294$5,050$4,025$3,188$1,902
21 years$7,334$5,863$4,645$3,653$2,853$1,649
22 years$6,927$5,472$4,281$3,321$2,557$1,431
23 years$6,556$5,118$3,953$3,025$2,296$1,243
24 years$6,216$4,796$3,656$2,759$2,063$1,081
25 years$5,904$4,500$3,386$2,519$1,857$941
26 years$5,616$4,230$3,140$2,303$1,673$819
27 years$5,350$3,981$2,916$2,108$1,508$714
28 years$5,104$3,751$2,711$1,932$1,361$623
29 years$4,875$3,539$2,523$1,771$1,229$543
30 years$4,661$3,342$2,350$1,626$1,110$474
31 years$4,462$3,159$2,191$1,493$1,004$414
32 years$4,276$2,989$2,044$1,372$908$361
33 years$4,101$2,831$1,908$1,262$822$315
34 years$3,937$2,683$1,783$1,161$744$276
35 years$3,783$2,545$1,667$1,069$674$241
36 years$3,637$2,415$1,560$984$610$210
37 years$3,500$2,294$1,460$907$553$184
38 years$3,370$2,180$1,367$836$502$161
39 years$3,247$2,073$1,281$771$455$140
40 years$3,131$1,972$1,200$711$413$123
41 years$3,020$1,877$1,126$656$374$107
42 years$2,916$1,788$1,056$605$340$94
43 years$2,816$1,704$991$559$308$82
44 years$2,721$1,624$930$516$280$72
45 years$2,630$1,549$873$477$254$63
46 years$2,544$1,477$820$440$231$55
47 years$2,462$1,410$771$407$209$48
48 years$2,383$1,346$724$376$190$42
49 years$2,308$1,285$681$347$173$37
50 years$2,236$1,228$640$321$157$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,290,000, adding $4,872 every year, while hoping to spend $36,789 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: 65/24/11 Blend
49$2,290,000$2,290,000$2,290,000$2,290,000
50$2,528,605$2,407,235$2,371,740$2,686,506
51$2,747,380$2,486,047$2,412,051$2,871,249
52$2,987,237$2,567,487$2,452,478$3,068,259
53$3,250,287$2,651,646$2,492,988$3,282,578
54$3,538,856$2,738,616$2,533,543$3,515,894
55$3,855,506$2,828,495$2,574,104$3,770,060
56$4,203,058$2,921,382$2,614,627$4,047,118
57$4,584,621$3,017,381$2,655,068$4,349,316
58$5,003,619$3,116,599$2,695,379$4,679,127
59$5,463,822$3,219,146$2,735,508$5,039,275
60$5,969,385$3,325,138$2,775,401$5,432,759
61$6,524,886$3,434,693$2,815,001$5,862,881
62$7,135,367$3,547,936$2,854,245$6,333,277
63$7,806,382$3,664,992$2,893,071$6,847,951
64$8,544,052$3,785,996$2,931,407$7,411,313
65$9,355,119$3,911,084$2,969,183$8,028,218
66$10,247,012$4,040,397$3,006,321$8,704,014
67$11,227,914$4,174,083$3,042,740$9,444,592
68$12,306,843$4,312,295$3,078,353$10,256,439
69$13,493,734$4,455,190$3,113,071$11,146,702
70$14,799,532$4,602,933$3,146,797$12,123,251
71$16,236,300$4,755,691$3,179,430$13,194,758
72$17,817,325$4,913,643$3,210,863$14,370,773
73$19,557,249$5,076,969$3,240,984$15,661,817
74$21,472,207$5,245,858$3,269,675$17,079,482
75$23,579,974$5,420,507$3,296,811$18,636,536
76$25,900,137$5,601,118$3,322,260$20,347,045
77$28,454,280$5,787,902$3,345,885$22,226,507
78$31,266,184$5,981,076$3,367,539$24,291,994
79$34,362,053$6,180,867$3,387,071$26,562,318
80$37,770,763$6,387,510$3,404,318$29,058,202
81$41,524,130$6,601,247$3,419,112$31,802,479
82$45,657,214$6,822,332$3,431,275$34,820,306
83$50,208,648$7,051,024$3,440,621$38,139,400
84$55,221,002$7,287,596$3,446,953$41,790,300
85$60,741,185$7,532,328$3,450,066$45,806,655
86$66,820,886$7,785,513$3,449,745$50,225,540
87$73,517,067$8,047,454$3,445,761$55,087,806
88$80,892,492$8,318,463$3,437,879$60,438,464
89$89,016,326$8,598,868$3,425,848$66,327,111
90$97,964,785$8,889,006$3,409,407$72,808,395
91$107,821,853$9,189,227$3,388,282$79,942,533
92$118,680,079$9,499,896$3,362,186$87,795,876
93$130,641,446$9,821,390$3,330,819$96,441,537
94$143,818,337$10,154,102$3,293,865$105,960,077
95$158,334,592$10,498,437$3,250,994$116,440,269
96$174,326,679$10,854,819$3,201,860$127,979,932
97$191,944,980$11,223,685$3,146,103$140,686,855
98$211,355,213$11,605,490$3,083,342$154,679,813
99$232,739,992$12,000,707$3,013,182$170,089,687
100$256,300,556$12,409,826$2,935,207$187,060,700