Can I retire at age 50 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$189,932$188,240$186,589$184,978$183,405$181,565
2 years$94,026$92,275$90,577$88,932$87,336$85,483
3 years$62,061$60,302$58,610$56,980$55,409$53,601
4 years$46,082$44,329$42,653$41,051$39,518$37,768
5 years$36,497$34,754$33,100$31,531$30,041$28,354
6 years$30,109$28,379$26,750$25,215$23,771$22,149
7 years$25,548$23,833$22,229$20,731$19,332$17,776
8 years$22,129$20,429$18,852$17,391$16,038$14,548
9 years$19,471$17,787$16,237$14,813$13,506$12,082
10 years$17,346$15,679$14,156$12,769$11,508$10,148
11 years$15,608$13,958$12,463$11,113$9,897$8,601
12 years$14,161$12,528$11,060$9,747$8,577$7,343
13 years$12,938$11,321$9,882$8,606$7,479$6,306
14 years$11,890$10,291$8,879$7,639$6,556$5,442
15 years$10,983$9,401$8,016$6,813$5,772$4,716
16 years$10,190$8,625$7,268$6,100$5,102$4,101
17 years$9,491$7,943$6,614$5,481$4,524$3,576
18 years$8,870$7,340$6,037$4,939$4,022$3,127
19 years$8,316$6,803$5,527$4,463$3,585$2,740
20 years$7,817$6,321$5,072$4,042$3,202$2,406
21 years$7,366$5,888$4,666$3,669$2,866$2,115
22 years$6,957$5,496$4,300$3,336$2,569$1,863
23 years$6,585$5,141$3,970$3,038$2,306$1,642
24 years$6,243$4,816$3,672$2,771$2,072$1,449
25 years$5,930$4,520$3,401$2,530$1,865$1,280
26 years$5,641$4,248$3,154$2,314$1,680$1,132
27 years$5,374$3,998$2,929$2,118$1,514$1,002
28 years$5,126$3,767$2,723$1,940$1,367$887
29 years$4,896$3,554$2,534$1,779$1,234$785
30 years$4,682$3,356$2,360$1,633$1,115$696
31 years$4,482$3,173$2,200$1,500$1,008$617
32 years$4,294$3,002$2,053$1,378$912$547
33 years$4,119$2,843$1,917$1,267$825$486
34 years$3,954$2,695$1,791$1,166$747$431
35 years$3,799$2,556$1,674$1,073$677$383
36 years$3,653$2,426$1,566$989$613$340
37 years$3,515$2,304$1,466$911$556$302
38 years$3,385$2,190$1,373$840$504$268
39 years$3,261$2,082$1,286$774$457$238
40 years$3,144$1,981$1,206$714$414$212
41 years$3,034$1,886$1,131$659$376$188
42 years$2,928$1,796$1,060$608$341$167
43 years$2,828$1,711$995$561$310$149
44 years$2,733$1,631$934$518$281$132
45 years$2,642$1,555$877$479$255$118
46 years$2,555$1,484$824$442$232$105
47 years$2,473$1,416$774$408$210$93
48 years$2,393$1,352$727$377$191$83
49 years$2,318$1,291$684$349$173$74
50 years$2,246$1,233$643$322$158$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,300,000, adding $2,822 every year, while hoping to spend $58,940 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: 67/8/25 Blend
49$2,300,000$2,300,000$2,300,000$2,300,000
50$2,537,511$2,415,611$2,379,961$2,690,952
51$2,733,625$2,471,264$2,396,978$2,850,109
52$2,947,768$2,527,669$2,412,590$3,017,146
53$3,181,716$2,584,800$2,426,686$3,198,480
54$3,437,424$2,642,629$2,439,154$3,395,523
55$3,717,047$2,701,123$2,449,871$3,609,832
56$4,022,954$2,760,247$2,458,711$3,843,122
57$4,357,758$2,819,961$2,465,540$4,097,283
58$4,724,332$2,880,222$2,470,218$4,374,397
59$5,125,842$2,940,981$2,472,599$4,676,760
60$5,565,775$3,002,186$2,472,528$5,006,902
61$6,047,969$3,063,779$2,469,843$5,367,611
62$6,576,654$3,125,695$2,464,374$5,761,960
63$7,156,485$3,187,867$2,455,943$6,193,336
64$7,792,594$3,250,220$2,444,364$6,665,473
65$8,490,629$3,312,671$2,429,441$7,182,483
66$9,256,814$3,375,133$2,410,968$7,748,903
67$10,098,005$3,437,510$2,388,731$8,369,731
68$11,021,752$3,499,699$2,362,505$9,050,475
69$12,036,375$3,561,588$2,332,053$9,797,207
70$13,151,036$3,623,057$2,297,128$10,616,619
71$14,375,833$3,683,978$2,257,472$11,516,089
72$15,721,885$3,744,210$2,212,815$12,503,746
73$17,201,446$3,803,605$2,162,873$13,588,551
74$18,828,014$3,862,002$2,107,350$14,780,381
75$20,616,460$3,919,229$2,045,935$16,090,122
76$22,583,170$3,975,102$1,978,304$17,529,773
77$24,746,195$4,029,424$1,904,119$19,112,557
78$27,125,423$4,081,982$1,823,024$20,853,051
79$29,742,770$4,132,552$1,734,648$22,767,321
80$32,622,378$4,180,893$1,638,604$24,873,071
81$35,790,850$4,226,746$1,534,487$27,189,819
82$39,277,497$4,269,838$1,421,873$29,739,074
83$43,114,616$4,309,874$1,300,320$32,544,543
84$47,337,792$4,346,542$1,169,366$35,632,354
85$51,986,234$4,379,510$1,028,527$39,031,305
86$57,103,147$4,408,424$877,300$42,773,137
87$62,736,136$4,432,905$715,158$46,892,831
88$68,937,657$4,452,552$541,550$51,428,941
89$75,765,509$4,466,938$355,904$56,423,961
90$83,283,384$4,475,611$157,619$61,924,722
91$91,561,460$4,478,086$0$67,982,839
92$100,677,069$4,473,853$0$74,669,600
93$110,715,425$4,462,367$0$82,079,104
94$121,770,427$4,443,052$0$90,238,541
95$133,945,543$4,415,293$0$99,224,254
96$147,354,788$4,378,442$0$109,120,369
97$162,123,800$4,331,810$0$120,019,591
98$178,391,025$4,274,666$0$132,024,075
99$196,309,020$4,206,235$0$145,246,397
100$216,045,897$4,125,698$0$159,810,608