Can I retire at age 50 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$182,500$180,874$179,288$177,740$176,229$172,812
2 years$90,346$88,664$87,033$85,452$83,918$80,490
3 years$59,633$57,943$56,316$54,750$53,241$49,908
4 years$44,279$42,594$40,984$39,444$37,972$34,760
5 years$35,069$33,394$31,805$30,297$28,866$25,783
6 years$28,931$27,269$25,703$24,229$22,841$19,892
7 years$24,548$22,900$21,359$19,920$18,575$15,761
8 years$21,263$19,630$18,115$16,710$15,410$12,729
9 years$18,709$17,091$15,602$14,233$12,978$10,428
10 years$16,667$15,065$13,602$12,269$11,058$8,637
11 years$14,997$13,412$11,975$10,678$9,510$7,216
12 years$13,607$12,038$10,628$9,366$8,241$6,070
13 years$12,432$10,878$9,495$8,269$7,186$5,135
14 years$11,425$9,888$8,531$7,340$6,300$4,364
15 years$10,553$9,033$7,703$6,546$5,547$3,722
16 years$9,791$8,288$6,984$5,861$4,902$3,186
17 years$9,119$7,633$6,355$5,266$4,347$2,733
18 years$8,523$7,053$5,801$4,746$3,865$2,351
19 years$7,990$6,537$5,311$4,288$3,445$2,025
20 years$7,511$6,074$4,874$3,884$3,077$1,748
21 years$7,078$5,658$4,483$3,525$2,753$1,511
22 years$6,685$5,281$4,132$3,205$2,468$1,307
23 years$6,327$4,940$3,815$2,919$2,216$1,132
24 years$5,999$4,628$3,528$2,662$1,991$981
25 years$5,698$4,343$3,268$2,431$1,792$851
26 years$5,420$4,082$3,031$2,223$1,614$739
27 years$5,163$3,842$2,814$2,035$1,455$642
28 years$4,926$3,620$2,616$1,864$1,313$558
29 years$4,705$3,415$2,435$1,710$1,186$485
30 years$4,499$3,225$2,268$1,569$1,071$422
31 years$4,306$3,049$2,114$1,441$969$367
32 years$4,126$2,885$1,973$1,324$876$319
33 years$3,958$2,732$1,842$1,218$793$278
34 years$3,799$2,589$1,721$1,120$718$242
35 years$3,650$2,456$1,609$1,031$650$211
36 years$3,510$2,331$1,505$950$589$184
37 years$3,377$2,214$1,409$875$534$160
38 years$3,252$2,104$1,319$807$484$139
39 years$3,134$2,001$1,236$744$439$121
40 years$3,021$1,903$1,158$686$398$106
41 years$2,915$1,812$1,086$633$361$92
42 years$2,814$1,726$1,019$584$328$80
43 years$2,717$1,644$956$539$297$70
44 years$2,626$1,567$898$498$270$61
45 years$2,539$1,494$843$460$245$53
46 years$2,455$1,426$792$425$223$46
47 years$2,376$1,361$744$392$202$40
48 years$2,300$1,299$699$363$184$35
49 years$2,227$1,240$657$335$167$31
50 years$2,158$1,185$618$310$151$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,210,000, adding $5,945 every year, while hoping to spend $33,596 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: 48/34/18 Blend
49$2,210,000$2,210,000$2,210,000$2,210,000
50$2,441,552$2,324,422$2,290,167$2,546,112
51$2,654,845$2,402,573$2,331,142$2,697,432
52$2,888,767$2,483,427$2,372,363$2,857,754
53$3,145,388$2,567,082$2,413,804$3,031,125
54$3,426,986$2,653,637$2,455,435$3,218,780
55$3,736,071$2,743,199$2,497,225$3,422,080
56$4,075,409$2,835,873$2,539,140$3,642,518
57$4,448,044$2,931,774$2,581,145$3,881,739
58$4,857,331$3,031,018$2,623,200$4,141,553
59$5,306,967$3,133,726$2,665,265$4,423,950
60$5,801,022$3,240,024$2,707,296$4,731,120
61$6,343,983$3,350,041$2,749,247$5,065,474
62$6,940,790$3,463,914$2,791,068$5,429,665
63$7,596,888$3,581,783$2,832,706$5,826,613
64$8,318,274$3,703,794$2,874,105$6,259,532
65$9,111,556$3,830,098$2,915,205$6,731,961
66$9,984,015$3,960,853$2,955,945$7,247,795
67$10,943,671$4,096,221$2,996,256$7,811,323
68$11,999,363$4,236,374$3,036,068$8,427,267
69$13,160,828$4,381,486$3,075,307$9,100,828
70$14,438,795$4,531,741$3,113,891$9,837,730
71$15,845,084$4,687,329$3,151,739$10,644,279
72$17,392,721$4,848,446$3,188,761$11,527,418
73$19,096,058$5,015,299$3,224,863$12,494,796
74$20,970,907$5,188,100$3,259,947$13,554,833
75$23,034,693$5,367,070$3,293,909$14,716,808
76$25,306,615$5,552,439$3,326,638$15,990,936
77$27,807,827$5,744,447$3,358,018$17,388,471
78$30,561,642$5,943,341$3,387,928$18,921,811
79$33,593,744$6,149,379$3,416,238$20,604,611
80$36,932,437$6,362,830$3,442,814$22,451,911
81$40,608,909$6,583,973$3,467,511$24,480,284
82$44,657,527$6,813,096$3,490,181$26,707,981
83$49,116,158$7,050,501$3,510,666$29,155,113
84$54,026,532$7,296,501$3,528,799$31,843,834
85$59,434,630$7,551,422$3,544,406$34,798,550
86$65,391,123$7,815,602$3,557,304$38,046,149
87$71,951,843$8,089,393$3,567,300$41,616,257
88$79,178,318$8,373,160$3,574,192$45,541,510
89$87,138,347$8,667,285$3,577,767$49,857,869
90$95,906,639$8,972,163$3,577,803$54,604,951
91$105,565,523$9,288,205$3,574,066$59,826,409
92$116,205,720$9,615,841$3,566,311$65,570,338
93$127,927,201$9,955,515$3,554,280$71,889,731
94$140,840,130$10,307,690$3,537,703$78,842,974
95$155,065,906$10,672,849$3,516,299$86,494,402
96$170,738,303$11,051,494$3,489,770$94,914,902
97$188,004,739$11,444,146$3,457,806$104,182,578
98$207,027,662$11,851,348$3,420,082$114,383,494
99$227,986,086$12,273,667$3,376,257$125,612,480
100$251,077,279$12,711,689$3,325,974$137,974,026