Can I retire at age 50 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$181,674$180,056$178,477$176,936$175,431$171,749
2 years$89,938$88,263$86,639$85,065$83,539$79,846
3 years$59,363$57,681$56,061$54,502$53,000$49,413
4 years$44,078$42,401$40,798$39,266$37,800$34,345
5 years$34,910$33,243$31,661$30,160$28,735$25,423
6 years$28,800$27,146$25,587$24,119$22,737$19,571
7 years$24,437$22,797$21,263$19,830$18,491$15,471
8 years$21,167$19,541$18,033$16,635$15,340$12,466
9 years$18,624$17,014$15,531$14,169$12,919$10,188
10 years$16,592$14,997$13,541$12,214$11,007$8,418
11 years$14,930$13,351$11,921$10,630$9,467$7,015
12 years$13,546$11,983$10,580$9,324$8,204$5,886
13 years$12,375$10,829$9,452$8,231$7,154$4,966
14 years$11,373$9,843$8,493$7,307$6,271$4,208
15 years$10,505$8,992$7,668$6,516$5,521$3,580
16 years$9,747$8,250$6,952$5,835$4,880$3,055
17 years$9,078$7,598$6,326$5,243$4,327$2,614
18 years$8,485$7,021$5,775$4,725$3,847$2,241
19 years$7,954$6,507$5,287$4,269$3,429$1,925
20 years$7,477$6,047$4,852$3,866$3,063$1,657
21 years$7,046$5,632$4,463$3,509$2,741$1,427
22 years$6,655$5,257$4,113$3,191$2,457$1,231
23 years$6,298$4,917$3,798$2,906$2,205$1,063
24 years$5,972$4,607$3,512$2,650$1,982$919
25 years$5,672$4,323$3,253$2,420$1,784$794
26 years$5,396$4,063$3,017$2,213$1,607$688
27 years$5,140$3,824$2,802$2,026$1,449$595
28 years$4,903$3,603$2,604$1,856$1,307$516
29 years$4,683$3,399$2,424$1,702$1,180$447
30 years$4,478$3,210$2,258$1,562$1,066$387
31 years$4,287$3,035$2,105$1,434$964$336
32 years$4,108$2,872$1,964$1,318$872$291
33 years$3,940$2,719$1,833$1,212$789$253
34 years$3,782$2,577$1,713$1,115$715$219
35 years$3,634$2,445$1,602$1,027$647$190
36 years$3,494$2,320$1,498$946$586$165
37 years$3,362$2,204$1,402$871$532$143
38 years$3,238$2,094$1,313$803$482$124
39 years$3,120$1,992$1,230$740$437$108
40 years$3,008$1,895$1,153$683$396$94
41 years$2,902$1,804$1,081$630$360$81
42 years$2,801$1,718$1,014$582$326$71
43 years$2,705$1,637$952$537$296$61
44 years$2,614$1,560$893$496$269$53
45 years$2,527$1,488$839$458$244$46
46 years$2,444$1,419$788$423$222$40
47 years$2,365$1,354$740$391$201$35
48 years$2,289$1,293$696$361$183$30
49 years$2,217$1,235$654$334$166$26
50 years$2,148$1,179$615$308$151$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,200,000, adding $2,481 every year, while hoping to spend $23,953 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: 37/45/18 Blend
49$2,200,000$2,200,000$2,200,000$2,200,000
50$2,426,959$2,310,359$2,276,259$2,503,457
51$2,649,023$2,398,081$2,327,028$2,646,701
52$2,892,935$2,489,298$2,378,695$2,798,877
53$3,160,898$2,584,157$2,431,264$2,962,749
54$3,455,338$2,682,810$2,484,741$3,139,378
55$3,778,931$2,785,416$2,539,128$3,329,930
56$4,134,621$2,892,140$2,594,428$3,535,685
57$4,525,654$3,003,157$2,650,643$3,758,050
58$4,955,606$3,118,646$2,707,774$3,998,567
59$5,428,415$3,238,797$2,765,822$4,258,932
60$5,948,421$3,363,807$2,824,785$4,541,007
61$6,520,407$3,493,881$2,884,663$4,846,838
62$7,149,641$3,629,233$2,945,451$5,178,676
63$7,841,928$3,770,089$3,007,147$5,538,991
64$8,603,663$3,916,681$3,069,745$5,930,502
65$9,441,894$4,069,256$3,133,238$6,356,196
66$10,364,384$4,228,067$3,197,620$6,819,358
67$11,379,691$4,393,382$3,262,879$7,323,600
68$12,497,240$4,565,478$3,329,006$7,872,896
69$13,727,419$4,744,647$3,395,989$8,471,616
70$15,081,674$4,931,192$3,463,812$9,124,568
71$16,572,615$5,125,431$3,532,460$9,837,041
72$18,214,139$5,327,695$3,601,915$10,614,853
73$20,021,559$5,538,330$3,672,157$11,464,409
74$22,011,748$5,757,698$3,743,164$12,392,755
75$24,203,297$5,986,176$3,814,911$13,407,646
76$26,616,695$6,224,160$3,887,372$14,517,616
77$29,274,516$6,472,062$3,960,517$15,732,060
78$32,201,636$6,730,313$4,034,314$17,061,318
79$35,425,469$6,999,364$4,108,729$18,516,775
80$38,976,219$7,279,685$4,183,724$20,110,960
81$42,887,172$7,571,768$4,259,257$21,857,671
82$47,195,006$7,876,128$4,335,285$23,772,098
83$51,940,140$8,193,301$4,411,761$25,870,966
84$57,167,112$8,523,851$4,488,633$28,172,691
85$62,925,001$8,868,363$4,565,845$30,697,550
86$69,267,891$9,227,452$4,643,340$33,467,876
87$76,255,378$9,601,759$4,721,055$36,508,259
88$83,953,137$9,991,956$4,798,920$39,845,782
89$92,433,538$10,398,743$4,876,865$43,510,272
90$101,776,331$10,822,854$4,954,812$47,534,576
91$112,069,398$11,265,055$5,032,680$51,954,875
92$123,409,582$11,726,148$5,110,380$56,811,018
93$135,903,602$12,206,972$5,187,821$62,146,897
94$149,669,059$12,708,403$5,264,902$68,010,859
95$164,835,545$13,231,357$5,341,519$74,456,156
96$181,545,871$13,776,794$5,417,560$81,541,451
97$199,957,409$14,345,716$5,492,907$89,331,361
98$220,243,581$14,939,172$5,567,435$97,897,070
99$242,595,493$15,558,258$5,641,011$107,316,992
100$267,223,742$16,204,122$5,713,494$117,677,513