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%19.1%
1 years$192,409$190,695$189,023$187,391$185,797$178,992
2 years$95,252$93,478$91,759$90,092$88,475$81,694
3 years$62,871$61,089$59,374$57,723$56,132$49,589
4 years$46,683$44,907$43,209$41,586$40,034$33,779
5 years$36,973$35,208$33,532$31,942$30,433$24,483
6 years$30,502$28,750$27,099$25,544$24,081$18,439
7 years$25,881$24,144$22,519$21,001$19,584$14,249
8 years$22,418$20,696$19,098$17,618$16,247$11,215
9 years$19,725$18,019$16,449$15,006$13,682$8,945
10 years$17,572$15,883$14,341$12,936$11,658$7,208
11 years$15,812$14,140$12,625$11,258$10,026$5,854
12 years$14,346$12,691$11,205$9,875$8,689$4,784
13 years$13,107$11,469$10,011$8,718$7,577$3,929
14 years$12,045$10,425$8,995$7,739$6,642$3,239
15 years$11,126$9,524$8,121$6,902$5,848$2,679
16 years$10,323$8,738$7,363$6,180$5,168$2,221
17 years$9,615$8,047$6,700$5,552$4,583$1,846
18 years$8,986$7,436$6,116$5,004$4,075$1,537
19 years$8,424$6,891$5,599$4,521$3,632$1,281
20 years$7,919$6,404$5,139$4,095$3,244$1,069
21 years$7,463$5,965$4,726$3,716$2,903$893
22 years$7,048$5,568$4,356$3,379$2,602$747
23 years$6,670$5,208$4,022$3,077$2,336$625
24 years$6,325$4,879$3,720$2,807$2,099$523
25 years$6,007$4,579$3,445$2,563$1,889$438
26 years$5,714$4,303$3,195$2,344$1,702$367
27 years$5,444$4,050$2,967$2,145$1,534$308
28 years$5,193$3,816$2,758$1,966$1,384$258
29 years$4,960$3,600$2,567$1,802$1,250$216
30 years$4,743$3,400$2,391$1,654$1,130$181
31 years$4,540$3,214$2,229$1,519$1,021$152
32 years$4,350$3,041$2,080$1,396$924$128
33 years$4,173$2,880$1,942$1,284$836$107
34 years$4,006$2,730$1,814$1,181$757$90
35 years$3,849$2,589$1,696$1,087$686$75
36 years$3,701$2,457$1,587$1,002$621$63
37 years$3,561$2,334$1,485$923$563$53
38 years$3,429$2,218$1,391$851$510$45
39 years$3,304$2,109$1,303$784$463$37
40 years$3,185$2,007$1,221$723$420$31
41 years$3,073$1,910$1,145$667$381$26
42 years$2,966$1,819$1,074$616$346$22
43 years$2,865$1,733$1,008$569$314$19
44 years$2,768$1,652$946$525$285$16
45 years$2,676$1,576$889$485$258$13
46 years$2,589$1,503$835$448$235$11
47 years$2,505$1,434$784$414$213$9
48 years$2,425$1,369$737$382$194$8
49 years$2,348$1,308$692$353$176$7
50 years$2,275$1,249$651$327$160$5

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 $4,506 every year, while hoping to spend $24,312 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: 43/28/29 Blend
49$2,330,000$2,330,000$2,330,000$2,330,000
50$2,572,308$2,448,818$2,412,703$2,660,991
51$2,808,816$2,542,942$2,467,661$2,819,234
52$3,068,632$2,640,864$2,523,645$2,987,946
53$3,354,110$2,742,743$2,580,664$3,170,293
54$3,667,839$2,848,747$2,638,726$3,367,552
55$4,012,674$2,959,052$2,697,839$3,581,132
56$4,391,760$3,073,838$2,758,010$3,812,577
57$4,808,561$3,193,298$2,819,245$4,063,587
58$5,266,894$3,317,630$2,881,549$4,336,031
59$5,770,965$3,447,041$2,944,929$4,631,965
60$6,325,407$3,581,750$3,009,388$4,953,649
61$6,935,325$3,721,982$3,074,928$5,303,569
62$7,606,343$3,867,974$3,141,554$5,684,462
63$8,344,659$4,019,974$3,209,265$6,099,337
64$9,157,101$4,178,239$3,278,062$6,551,506
65$10,051,193$4,343,040$3,347,944$7,044,612
66$11,035,224$4,514,659$3,418,910$7,582,667
67$12,118,328$4,693,389$3,490,955$8,170,084
68$13,310,571$4,879,539$3,564,076$8,811,722
69$14,623,043$5,073,429$3,638,265$9,512,928
70$16,067,962$5,275,396$3,713,516$10,279,588
71$17,658,794$5,485,791$3,789,819$11,118,185
72$19,410,376$5,704,979$3,867,163$12,035,853
73$21,339,057$5,933,345$3,945,535$13,040,448
74$23,462,851$6,171,289$4,024,921$14,140,619
75$25,801,609$6,419,230$4,105,303$15,345,892
76$28,377,205$6,677,604$4,186,662$16,666,753
77$31,213,742$6,946,869$4,268,978$18,114,754
78$34,337,781$7,227,503$4,352,226$19,702,613
79$37,778,590$7,520,006$4,436,381$21,444,337
80$41,568,420$7,824,899$4,521,413$23,355,355
81$45,742,809$8,142,730$4,607,290$25,452,658
82$50,340,919$8,474,068$4,693,979$27,754,960
83$55,405,906$8,819,510$4,781,440$30,282,875
84$60,985,323$9,179,681$4,869,633$33,059,107
85$67,131,573$9,555,232$4,958,513$36,108,668
86$73,902,402$9,946,847$5,048,031$39,459,105
87$81,361,442$10,355,238$5,138,136$43,140,767
88$89,578,817$10,781,151$5,228,770$47,187,083
89$98,631,796$11,225,368$5,319,874$51,634,880
90$108,605,531$11,688,703$5,411,382$56,524,730
91$119,593,856$12,172,010$5,503,224$61,901,325
92$131,700,172$12,676,181$5,595,325$67,813,903
93$145,038,427$13,202,152$5,687,606$74,316,710
94$159,734,186$13,750,897$5,779,980$81,469,507
95$175,925,821$14,323,438$5,872,357$89,338,137
96$193,765,813$14,920,845$5,964,639$97,995,139
97$213,422,194$15,544,234$6,056,723$107,520,434
98$235,080,132$16,194,777$6,148,498$118,002,076
99$258,943,680$16,873,695$6,239,846$129,537,083
100$285,237,699$17,582,269$6,330,645$142,232,346