Can I retire at age 50 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$183,326$181,693$180,099$178,544$177,026$175,543
2 years$90,755$89,065$87,427$85,839$84,298$82,803
3 years$59,902$58,205$56,571$54,998$53,482$52,022
4 years$44,479$42,787$41,169$39,623$38,144$36,730
5 years$35,228$33,545$31,949$30,434$28,996$27,632
6 years$29,062$27,392$25,820$24,338$22,944$21,631
7 years$24,659$23,004$21,456$20,010$18,660$17,399
8 years$21,359$19,719$18,197$16,786$15,480$14,272
9 years$18,794$17,169$15,673$14,298$13,036$11,881
10 years$16,742$15,133$13,664$12,325$11,108$10,003
11 years$15,065$13,472$12,029$10,726$9,553$8,499
12 years$13,669$12,092$10,676$9,408$8,278$7,274
13 years$12,488$10,928$9,538$8,306$7,219$6,263
14 years$11,477$9,933$8,570$7,373$6,328$5,419
15 years$10,601$9,074$7,738$6,576$5,572$4,709
16 years$9,835$8,325$7,015$5,888$4,924$4,106
17 years$9,161$7,667$6,384$5,290$4,366$3,591
18 years$8,562$7,085$5,827$4,768$3,882$3,149
19 years$8,026$6,566$5,335$4,308$3,460$2,767
20 years$7,545$6,102$4,896$3,902$3,091$2,436
21 years$7,110$5,683$4,503$3,541$2,766$2,149
22 years$6,715$5,305$4,150$3,220$2,479$1,898
23 years$6,356$4,962$3,832$2,932$2,226$1,678
24 years$6,026$4,649$3,544$2,674$2,000$1,486
25 years$5,724$4,363$3,283$2,442$1,800$1,317
26 years$5,445$4,100$3,044$2,233$1,621$1,168
27 years$5,187$3,859$2,827$2,044$1,462$1,036
28 years$4,948$3,636$2,628$1,873$1,319$921
29 years$4,726$3,430$2,446$1,717$1,191$818
30 years$4,519$3,240$2,278$1,576$1,076$727
31 years$4,326$3,062$2,124$1,448$973$647
32 years$4,145$2,898$1,982$1,330$880$576
33 years$3,976$2,744$1,850$1,223$797$513
34 years$3,817$2,601$1,729$1,126$721$457
35 years$3,667$2,467$1,616$1,036$653$407
36 years$3,526$2,341$1,512$954$592$362
37 years$3,393$2,224$1,415$879$536$323
38 years$3,267$2,113$1,325$810$486$288
39 years$3,148$2,010$1,242$747$441$257
40 years$3,035$1,912$1,164$689$400$229
41 years$2,928$1,820$1,091$636$363$204
42 years$2,826$1,733$1,024$587$329$182
43 years$2,730$1,652$960$542$299$162
44 years$2,638$1,574$902$500$271$145
45 years$2,550$1,501$847$462$246$129
46 years$2,466$1,432$795$427$224$115
47 years$2,387$1,367$747$394$203$103
48 years$2,310$1,305$702$364$184$92
49 years$2,237$1,246$660$337$167$82
50 years$2,167$1,190$620$311$152$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,220,000, adding $6,988 every year, while hoping to spend $21,917 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: 60/32/8 Blend
49$2,220,000$2,220,000$2,220,000$2,220,000
50$2,453,648$2,335,988$2,301,578$2,596,218
51$2,680,601$2,427,132$2,355,361$2,783,749
52$2,929,968$2,522,007$2,410,212$2,985,072
53$3,204,013$2,620,774$2,466,142$3,204,109
54$3,505,229$2,723,599$2,523,165$3,442,566
55$3,836,363$2,830,655$2,581,291$3,702,319
56$4,200,440$2,942,126$2,640,533$3,985,430
57$4,600,796$3,058,202$2,700,902$4,294,169
58$5,041,104$3,179,080$2,762,409$4,631,033
59$5,525,410$3,304,968$2,825,063$4,998,767
60$6,058,174$3,436,084$2,888,875$5,400,394
61$6,644,309$3,572,653$2,953,853$5,839,240
62$7,289,228$3,714,913$3,020,007$6,318,963
63$7,998,896$3,863,110$3,087,343$6,843,592
64$8,779,883$4,017,502$3,155,870$7,417,558
65$9,639,433$4,178,361$3,225,593$8,045,741
66$10,585,522$4,345,968$3,296,517$8,733,512
67$11,626,943$4,520,618$3,368,648$9,486,783
68$12,773,382$4,702,619$3,441,989$10,312,062
69$14,035,513$4,892,294$3,516,542$11,216,516
70$15,425,098$5,089,979$3,592,308$12,208,036
71$16,955,097$5,296,026$3,669,289$13,295,307
72$18,639,789$5,510,804$3,747,483$14,487,896
73$20,494,911$5,734,697$3,826,887$15,796,336
74$22,537,803$5,968,108$3,907,499$17,232,228
75$24,787,570$6,211,457$3,989,311$18,808,345
76$27,265,267$6,465,183$4,072,318$20,538,755
77$29,994,094$6,729,747$4,156,511$22,438,952
78$32,999,617$7,005,630$4,241,879$24,526,001
79$36,310,005$7,293,333$4,328,409$26,818,696
80$39,956,303$7,593,384$4,416,088$29,337,738
81$43,972,718$7,906,331$4,504,899$32,105,927
82$48,396,944$8,232,750$4,594,822$35,148,381
83$53,270,520$8,573,243$4,685,836$38,492,764
84$58,639,219$8,928,438$4,777,918$42,169,551
85$64,553,481$9,298,993$4,871,040$46,212,311
86$71,068,890$9,685,597$4,965,173$50,658,025
87$78,246,695$10,088,970$5,060,285$55,547,431
88$86,154,393$10,509,864$5,156,339$60,925,407
89$94,866,361$10,949,068$5,253,297$66,841,393
90$104,464,564$11,407,406$5,351,116$73,349,857
91$115,039,321$11,885,741$5,449,750$80,510,804
92$126,690,163$12,384,974$5,549,149$88,390,344
93$139,526,772$12,906,049$5,649,257$97,061,310
94$153,670,012$13,449,955$5,750,017$106,603,944
95$169,253,075$14,017,725$5,851,364$117,106,656
96$186,422,736$14,610,440$5,953,232$128,666,849
97$205,340,736$15,229,233$6,055,546$141,391,843
98$226,185,312$15,875,287$6,158,228$155,399,877
99$249,152,880$16,549,842$6,261,195$170,821,232
100$274,459,885$17,254,195$6,364,356$187,799,450