Can I retire at age 50 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$180,848$179,237$177,666$176,132$174,634$168,639
2 years$89,529$87,861$86,245$84,679$83,159$77,180
3 years$59,093$57,418$55,807$54,254$52,759$46,985
4 years$43,878$42,209$40,613$39,087$37,628$32,102
5 years$34,751$33,092$31,517$30,023$28,605$23,341
6 years$28,669$27,022$25,471$24,009$22,634$17,637
7 years$24,326$22,693$21,166$19,739$18,407$13,676
8 years$21,071$19,452$17,951$16,559$15,271$10,802
9 years$18,540$16,937$15,461$14,105$12,860$8,648
10 years$16,516$14,929$13,479$12,158$10,957$6,995
11 years$14,862$13,290$11,867$10,581$9,424$5,704
12 years$13,484$11,929$10,531$9,281$8,166$4,680
13 years$12,319$10,780$9,409$8,194$7,121$3,859
14 years$11,321$9,799$8,454$7,274$6,242$3,195
15 years$10,458$8,951$7,633$6,487$5,496$2,653
16 years$9,703$8,213$6,920$5,808$4,858$2,210
17 years$9,037$7,564$6,297$5,219$4,307$1,844
18 years$8,446$6,989$5,749$4,703$3,830$1,542
19 years$7,918$6,477$5,263$4,250$3,414$1,292
20 years$7,443$6,019$4,830$3,849$3,049$1,083
21 years$7,014$5,607$4,442$3,493$2,729$909
22 years$6,625$5,234$4,094$3,176$2,446$764
23 years$6,270$4,895$3,780$2,892$2,195$642
24 years$5,945$4,586$3,496$2,638$1,973$540
25 years$5,646$4,304$3,238$2,409$1,776$454
26 years$5,371$4,045$3,003$2,203$1,599$383
27 years$5,117$3,807$2,789$2,016$1,442$322
28 years$4,881$3,587$2,593$1,847$1,301$272
29 years$4,662$3,384$2,413$1,694$1,175$229
30 years$4,458$3,196$2,247$1,555$1,062$193
31 years$4,267$3,021$2,095$1,428$960$163
32 years$4,089$2,859$1,955$1,312$868$137
33 years$3,922$2,707$1,825$1,207$786$116
34 years$3,765$2,566$1,705$1,110$711$98
35 years$3,617$2,434$1,594$1,022$644$82
36 years$3,478$2,310$1,491$941$584$69
37 years$3,347$2,194$1,396$867$529$59
38 years$3,223$2,085$1,307$799$480$49
39 years$3,105$1,983$1,225$737$435$42
40 years$2,994$1,886$1,148$680$395$35
41 years$2,888$1,795$1,076$627$358$30
42 years$2,788$1,710$1,010$579$325$25
43 years$2,693$1,629$948$534$295$21
44 years$2,602$1,553$889$493$268$18
45 years$2,516$1,481$835$456$243$15
46 years$2,433$1,413$784$421$221$13
47 years$2,354$1,348$737$389$200$11
48 years$2,279$1,287$692$359$182$9
49 years$2,207$1,229$651$332$165$8
50 years$2,138$1,174$612$307$150$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,190,000, adding $3,446 every year, while hoping to spend $47,131 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: 31/47/22 Blend
49$2,190,000$2,190,000$2,190,000$2,190,000
50$2,416,935$2,300,865$2,266,920$2,475,277
51$2,613,315$2,363,460$2,292,714$2,582,422
52$2,828,146$2,427,543$2,317,794$2,693,208
53$3,063,261$2,493,136$2,342,084$2,811,491
54$3,320,677$2,560,263$2,365,507$2,937,955
55$3,602,616$2,628,946$2,387,981$3,073,351
56$3,911,524$2,699,205$2,409,419$3,218,506
57$4,250,096$2,771,063$2,429,732$3,374,329
58$4,621,300$2,844,539$2,448,822$3,541,824
59$5,028,404$2,919,653$2,466,589$3,722,094
60$5,475,008$2,996,423$2,482,926$3,916,353
61$5,965,077$3,074,866$2,497,723$4,125,939
62$6,502,980$3,155,000$2,510,861$4,352,327
63$7,093,527$3,236,837$2,522,218$4,597,138
64$7,742,017$3,320,393$2,531,663$4,862,160
65$8,454,290$3,405,680$2,539,061$5,149,364
66$9,236,776$3,492,706$2,544,268$5,460,919
67$10,096,560$3,581,482$2,547,134$5,799,215
68$11,041,448$3,672,013$2,547,501$6,166,887
69$12,080,038$3,764,304$2,545,205$6,566,836
70$13,221,803$3,858,356$2,540,071$7,002,260
71$14,477,182$3,954,170$2,531,918$7,476,684
72$15,857,671$4,051,741$2,520,554$7,993,991
73$17,375,940$4,151,064$2,505,779$8,558,460
74$19,045,948$4,252,128$2,487,385$9,174,807
75$20,883,073$4,354,920$2,465,150$9,848,230
76$22,904,260$4,459,424$2,438,846$10,584,457
77$25,128,177$4,565,619$2,408,230$11,389,800
78$27,575,396$4,673,480$2,373,051$12,271,218
79$30,268,582$4,782,976$2,333,044$13,236,380
80$33,232,709$4,894,073$2,287,932$14,293,735
81$36,495,294$5,006,731$2,237,426$15,452,600
82$40,086,657$5,120,904$2,181,223$16,723,242
83$44,040,207$5,236,539$2,119,006$18,116,976
84$48,392,759$5,353,580$2,050,442$19,646,274
85$53,184,874$5,471,959$1,975,186$21,324,883
86$58,461,251$5,591,605$1,892,875$23,167,954
87$64,271,142$5,712,437$1,803,129$25,192,186
88$70,668,816$5,834,365$1,705,552$27,415,987
89$77,714,078$5,957,290$1,599,730$29,859,643
90$85,472,822$6,081,106$1,485,230$32,545,515
91$94,017,664$6,205,694$1,361,599$35,498,248
92$103,428,618$6,330,926$1,228,365$38,745,006
93$113,793,855$6,456,659$1,085,033$42,315,729
94$125,210,536$6,582,743$931,089$46,243,417
95$137,785,724$6,709,010$765,994$50,564,440
96$151,637,398$6,835,282$589,185$55,318,887
97$166,895,564$6,961,363$400,075$60,550,941
98$183,703,486$7,087,043$198,051$66,309,301
99$202,219,029$7,212,096$0$72,647,641
100$222,616,158$7,336,277$0$79,629,236