Can I retire at age 50 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$180,022$178,419$176,854$175,327$173,836$169,154
2 years$89,120$87,460$85,852$84,292$82,779$78,095
3 years$58,823$57,156$55,552$54,007$52,519$47,979
4 years$43,678$42,016$40,427$38,909$37,457$33,097
5 years$34,593$32,941$31,373$29,886$28,474$24,307
6 years$28,538$26,899$25,354$23,900$22,530$18,559
7 years$24,215$22,590$21,070$19,649$18,323$14,548
8 years$20,974$19,363$17,869$16,483$15,201$11,620
9 years$18,455$16,859$15,390$14,040$12,801$9,411
10 years$16,441$14,861$13,418$12,103$10,907$7,704
11 years$14,794$13,230$11,813$10,533$9,381$6,358
12 years$13,422$11,874$10,483$9,239$8,129$5,283
13 years$12,263$10,731$9,366$8,157$7,089$4,413
14 years$11,270$9,754$8,416$7,240$6,214$3,702
15 years$10,410$8,910$7,598$6,457$5,471$3,116
16 years$9,658$8,175$6,889$5,782$4,836$2,631
17 years$8,996$7,529$6,269$5,195$4,288$2,227
18 years$8,407$6,957$5,722$4,682$3,812$1,888
19 years$7,882$6,448$5,239$4,230$3,398$1,604
20 years$7,409$5,992$4,808$3,831$3,035$1,365
21 years$6,982$5,581$4,422$3,477$2,716$1,162
22 years$6,594$5,210$4,076$3,162$2,435$991
23 years$6,241$4,872$3,763$2,879$2,185$846
24 years$5,918$4,565$3,480$2,626$1,964$722
25 years$5,620$4,284$3,223$2,398$1,768$617
26 years$5,347$4,026$2,990$2,193$1,592$528
27 years$5,093$3,789$2,776$2,007$1,435$451
28 years$4,859$3,571$2,581$1,839$1,295$386
29 years$4,641$3,369$2,402$1,686$1,170$331
30 years$4,438$3,181$2,237$1,548$1,057$283
31 years$4,248$3,007$2,086$1,421$955$242
32 years$4,070$2,846$1,946$1,306$864$208
33 years$3,904$2,695$1,817$1,201$782$178
34 years$3,748$2,554$1,698$1,105$708$152
35 years$3,601$2,422$1,587$1,017$641$131
36 years$3,462$2,299$1,485$937$581$112
37 years$3,332$2,184$1,390$863$527$96
38 years$3,208$2,075$1,301$796$478$82
39 years$3,091$1,973$1,219$734$433$71
40 years$2,980$1,878$1,143$677$393$60
41 years$2,875$1,787$1,072$624$356$52
42 years$2,775$1,702$1,005$576$323$44
43 years$2,681$1,622$943$532$293$38
44 years$2,590$1,546$885$491$266$33
45 years$2,504$1,474$831$454$242$28
46 years$2,422$1,406$781$419$220$24
47 years$2,344$1,342$734$387$199$21
48 years$2,269$1,281$689$358$181$18
49 years$2,197$1,223$648$331$164$15
50 years$2,128$1,169$609$306$149$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,180,000, adding $5,777 every year, while hoping to spend $22,973 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: 75/14/11 Blend
49$2,180,000$2,180,000$2,180,000$2,180,000
50$2,408,319$2,292,779$2,258,989$2,583,488
51$2,629,524$2,380,682$2,310,222$2,787,694
52$2,872,523$2,472,122$2,362,401$3,007,960
53$3,139,513$2,567,249$2,415,535$3,248,707
54$3,432,917$2,666,218$2,469,628$3,511,961
55$3,755,403$2,769,191$2,524,690$3,799,952
56$4,109,911$2,876,338$2,580,723$4,115,134
57$4,499,679$2,987,836$2,637,735$4,460,212
58$4,928,277$3,103,871$2,695,730$4,838,163
59$5,399,635$3,224,634$2,754,710$5,252,264
60$5,918,084$3,350,328$2,814,680$5,706,125
61$6,488,398$3,481,163$2,875,641$6,203,723
62$7,115,833$3,617,359$2,937,594$6,749,435
63$7,806,185$3,759,146$3,000,539$7,348,083
64$8,565,834$3,906,763$3,064,476$8,004,978
65$9,401,816$4,060,461$3,129,403$8,725,971
66$10,321,879$4,220,501$3,195,316$9,517,504
67$11,334,563$4,387,158$3,262,211$10,386,674
68$12,449,276$4,560,716$3,330,082$11,341,298
69$13,676,385$4,741,474$3,398,923$12,389,990
70$15,027,313$4,929,744$3,468,724$13,542,234
71$16,514,648$5,125,850$3,539,476$14,808,481
72$18,152,260$5,330,134$3,611,166$16,200,243
73$19,955,432$5,542,952$3,683,781$17,730,202
74$21,941,003$5,764,674$3,757,305$19,412,330
75$24,127,531$5,995,689$3,831,721$21,262,020
76$26,535,465$6,236,403$3,907,009$23,296,228
77$29,187,336$6,487,241$3,983,147$25,533,639
78$32,107,973$6,748,644$4,060,111$27,994,835
79$35,324,737$7,021,078$4,137,875$30,702,495
80$38,867,775$7,305,026$4,216,409$33,681,605
81$42,770,311$7,600,995$4,295,682$36,959,693
82$47,068,953$7,909,514$4,375,657$40,567,092
83$51,804,043$8,231,137$4,456,298$44,537,220
84$57,020,034$8,566,442$4,537,564$48,906,900
85$62,765,915$8,916,034$4,619,409$53,716,702
86$69,095,664$9,280,547$4,701,786$59,011,330
87$76,068,769$9,660,640$4,784,642$64,840,039
88$83,750,779$10,057,007$4,867,923$71,257,103
89$92,213,928$10,470,370$4,951,568$78,322,323
90$101,537,816$10,901,485$5,035,513$86,101,591
91$111,810,160$11,351,145$5,119,689$94,667,514
92$123,127,620$11,820,175$5,204,023$104,100,097
93$135,596,716$12,309,442$5,288,436$114,487,494
94$149,334,827$12,819,851$5,372,845$125,926,843
95$164,471,303$13,352,348$5,457,159$138,525,183
96$181,148,687$13,907,923$5,541,285$152,400,458
97$199,524,054$14,487,613$5,625,119$167,682,634
98$219,770,503$15,092,501$5,708,556$184,514,923
99$242,078,781$15,723,721$5,791,480$203,055,131
100$266,659,093$16,382,458$5,873,770$223,477,152