Can I retire at age 50 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$192,409$190,695$189,023$187,391$185,797$183,097
2 years$95,252$93,478$91,759$90,092$88,475$85,759
3 years$62,871$61,089$59,374$57,723$56,132$53,487
4 years$46,683$44,907$43,209$41,586$40,034$37,479
5 years$36,973$35,208$33,532$31,942$30,433$27,976
6 years$30,502$28,750$27,099$25,544$24,081$21,724
7 years$25,881$24,144$22,519$21,001$19,584$17,328
8 years$22,418$20,696$19,098$17,618$16,247$14,092
9 years$19,725$18,019$16,449$15,006$13,682$11,628
10 years$17,572$15,883$14,341$12,936$11,658$9,702
11 years$15,812$14,140$12,625$11,258$10,026$8,167
12 years$14,346$12,691$11,205$9,875$8,689$6,923
13 years$13,107$11,469$10,011$8,718$7,577$5,903
14 years$12,045$10,425$8,995$7,739$6,642$5,057
15 years$11,126$9,524$8,121$6,902$5,848$4,350
16 years$10,323$8,738$7,363$6,180$5,168$3,754
17 years$9,615$8,047$6,700$5,552$4,583$3,249
18 years$8,986$7,436$6,116$5,004$4,075$2,818
19 years$8,424$6,891$5,599$4,521$3,632$2,450
20 years$7,919$6,404$5,139$4,095$3,244$2,133
21 years$7,463$5,965$4,726$3,716$2,903$1,860
22 years$7,048$5,568$4,356$3,379$2,602$1,625
23 years$6,670$5,208$4,022$3,077$2,336$1,420
24 years$6,325$4,879$3,720$2,807$2,099$1,243
25 years$6,007$4,579$3,445$2,563$1,889$1,089
26 years$5,714$4,303$3,195$2,344$1,702$954
27 years$5,444$4,050$2,967$2,145$1,534$837
28 years$5,193$3,816$2,758$1,966$1,384$734
29 years$4,960$3,600$2,567$1,802$1,250$645
30 years$4,743$3,400$2,391$1,654$1,130$566
31 years$4,540$3,214$2,229$1,519$1,021$498
32 years$4,350$3,041$2,080$1,396$924$437
33 years$4,173$2,880$1,942$1,284$836$384
34 years$4,006$2,730$1,814$1,181$757$338
35 years$3,849$2,589$1,696$1,087$686$297
36 years$3,701$2,457$1,587$1,002$621$262
37 years$3,561$2,334$1,485$923$563$230
38 years$3,429$2,218$1,391$851$510$203
39 years$3,304$2,109$1,303$784$463$178
40 years$3,185$2,007$1,221$723$420$157
41 years$3,073$1,910$1,145$667$381$138
42 years$2,966$1,819$1,074$616$346$122
43 years$2,865$1,733$1,008$569$314$107
44 years$2,768$1,652$946$525$285$94
45 years$2,676$1,576$889$485$258$83
46 years$2,589$1,503$835$448$235$73
47 years$2,505$1,434$784$414$213$64
48 years$2,425$1,369$737$382$194$57
49 years$2,348$1,308$692$353$176$50
50 years$2,275$1,249$651$327$160$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,330,000, adding $5,232 every year, while hoping to spend $32,854 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: 55/23/22 Blend
49$2,330,000$2,330,000$2,330,000$2,330,000
50$2,573,057$2,449,567$2,413,452$2,698,880
51$2,800,552$2,534,639$2,459,346$2,870,741
52$3,050,151$2,622,779$2,505,677$3,053,905
53$3,324,073$2,714,102$2,552,423$3,252,676
54$3,624,764$2,808,728$2,599,565$3,468,561
55$3,954,916$2,906,782$2,647,077$3,703,217
56$4,317,497$3,008,394$2,694,934$3,958,469
57$4,715,776$3,113,700$2,743,108$4,236,322
58$5,153,353$3,222,839$2,791,570$4,538,987
59$5,634,195$3,335,958$2,840,288$4,868,897
60$6,162,672$3,453,208$2,889,226$5,228,728
61$6,743,597$3,574,748$2,938,348$5,621,428
62$7,382,275$3,700,743$2,987,614$6,050,244
63$8,084,550$3,831,361$3,036,981$6,518,747
64$8,856,859$3,966,783$3,086,405$7,030,874
65$9,706,296$4,107,192$3,135,837$7,590,956
66$10,640,675$4,252,782$3,185,224$8,203,766
67$11,668,608$4,403,752$3,234,513$8,874,559
68$12,799,581$4,560,311$3,283,645$9,609,121
69$14,044,048$4,722,676$3,332,556$10,413,827
70$15,413,526$4,891,073$3,381,182$11,295,696
71$16,920,706$5,065,735$3,429,452$12,262,462
72$18,579,570$5,246,909$3,477,291$13,322,642
73$20,405,527$5,434,849$3,524,622$14,485,618
74$22,415,554$5,629,818$3,571,359$15,761,725
75$24,628,355$5,832,095$3,617,414$17,162,347
76$27,064,545$6,041,965$3,662,695$18,700,025
77$29,746,834$6,259,727$3,707,102$20,388,576
78$32,700,252$6,485,694$3,750,530$22,243,220
79$35,952,373$6,720,189$3,792,868$24,280,724
80$39,533,588$6,963,550$3,834,002$26,519,562
81$43,477,379$7,216,130$3,873,806$28,980,087
82$47,820,645$7,478,293$3,912,152$31,684,720
83$52,604,044$7,750,423$3,948,902$34,658,166
84$57,872,379$8,032,916$3,983,913$37,927,644
85$63,675,020$8,326,188$4,017,033$41,523,141
86$70,066,370$8,630,669$4,048,101$45,477,701
87$77,106,377$8,946,809$4,076,950$49,827,727
88$84,861,102$9,275,077$4,103,402$54,613,333
89$93,403,340$9,615,961$4,127,271$59,878,715
90$102,813,308$9,969,971$4,148,362$65,672,571
91$113,179,402$10,337,635$4,166,469$72,048,560
92$124,599,030$10,719,509$4,181,374$79,065,805
93$137,179,533$11,116,166$4,192,852$86,789,452
94$151,039,196$11,528,210$4,200,664$95,291,287
95$166,308,367$11,956,265$4,204,559$104,650,406
96$183,130,683$12,400,984$4,204,274$114,953,967
97$201,664,429$12,863,049$4,199,534$126,298,007
98$222,084,032$13,343,169$4,190,049$138,788,353
99$244,581,703$13,842,085$4,175,517$152,541,615
100$269,369,258$14,360,569$4,155,618$167,686,287