Can I retire at age 50 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$184,151$182,511$180,911$179,349$177,823$174,805
2 years$91,164$89,466$87,821$86,225$84,678$81,647
3 years$60,172$58,467$56,826$55,245$53,723$50,773
4 years$44,679$42,980$41,355$39,801$38,316$35,470
5 years$35,386$33,696$32,093$30,571$29,127$26,393
6 years$29,193$27,516$25,936$24,448$23,047$20,428
7 years$24,771$23,108$21,553$20,100$18,744$16,240
8 years$21,455$19,808$18,278$16,861$15,550$13,162
9 years$18,878$17,246$15,743$14,362$13,095$10,821
10 years$16,818$15,202$13,725$12,380$11,158$8,996
11 years$15,133$13,533$12,084$10,775$9,596$7,544
12 years$13,730$12,147$10,724$9,451$8,316$6,371
13 years$12,544$10,977$9,581$8,344$7,251$5,411
14 years$11,528$9,978$8,609$7,407$6,357$4,617
15 years$10,649$9,115$7,772$6,605$5,597$3,955
16 years$9,880$8,363$7,047$5,914$4,946$3,399
17 years$9,202$7,702$6,412$5,314$4,386$2,929
18 years$8,600$7,117$5,854$4,789$3,900$2,530
19 years$8,062$6,596$5,359$4,327$3,476$2,189
20 years$7,579$6,129$4,918$3,919$3,105$1,898
21 years$7,142$5,709$4,524$3,557$2,778$1,648
22 years$6,746$5,329$4,169$3,234$2,490$1,432
23 years$6,384$4,984$3,850$2,945$2,236$1,246
24 years$6,053$4,670$3,560$2,686$2,009$1,086
25 years$5,749$4,382$3,297$2,453$1,808$946
26 years$5,469$4,119$3,058$2,243$1,629$825
27 years$5,210$3,876$2,840$2,053$1,468$720
28 years$4,970$3,653$2,640$1,881$1,325$629
29 years$4,747$3,446$2,457$1,725$1,196$550
30 years$4,539$3,254$2,288$1,583$1,081$480
31 years$4,345$3,076$2,133$1,454$977$420
32 years$4,164$2,911$1,990$1,336$884$367
33 years$3,994$2,757$1,858$1,229$800$321
34 years$3,834$2,613$1,736$1,131$724$281
35 years$3,683$2,478$1,623$1,041$656$246
36 years$3,542$2,352$1,519$959$594$215
37 years$3,408$2,234$1,421$883$539$189
38 years$3,282$2,123$1,331$814$488$165
39 years$3,162$2,019$1,247$751$443$145
40 years$3,049$1,921$1,169$692$402$127
41 years$2,941$1,828$1,096$639$365$111
42 years$2,839$1,741$1,028$589$331$97
43 years$2,742$1,659$965$544$300$85
44 years$2,650$1,581$906$502$272$75
45 years$2,561$1,508$850$464$247$65
46 years$2,477$1,439$799$429$225$57
47 years$2,397$1,373$750$396$204$50
48 years$2,321$1,311$705$366$185$44
49 years$2,247$1,252$663$338$168$38
50 years$2,177$1,195$623$313$153$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,230,000, adding $5,084 every year, while hoping to spend $22,058 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: 40/32/28 Blend
49$2,230,000$2,230,000$2,230,000$2,230,000
50$2,462,704$2,344,514$2,309,949$2,540,674
51$2,690,430$2,435,926$2,363,863$2,689,234
52$2,940,645$2,531,077$2,418,843$2,847,428
53$3,215,620$2,630,129$2,474,903$3,018,159
54$3,517,855$2,733,247$2,532,055$3,202,589
55$3,850,107$2,840,607$2,590,309$3,401,996
56$4,215,412$2,952,390$2,649,678$3,617,781
57$4,617,114$3,068,788$2,710,173$3,851,486
58$5,058,899$3,189,998$2,771,803$4,104,806
59$5,544,829$3,316,229$2,834,580$4,379,604
60$6,079,375$3,447,698$2,898,512$4,677,927
61$6,667,468$3,584,632$2,963,609$5,002,026
62$7,314,538$3,727,268$3,029,878$5,354,378
63$8,026,569$3,875,852$3,097,328$5,737,705
64$8,810,155$4,030,645$3,165,964$6,155,003
65$9,672,561$4,191,916$3,235,794$6,609,567
66$10,621,790$4,359,948$3,306,821$7,105,022
67$11,666,664$4,535,037$3,379,051$7,645,355
68$12,816,900$4,717,490$3,452,486$8,234,956
69$14,083,208$4,907,632$3,527,128$8,878,654
70$15,477,388$5,105,798$3,602,979$9,581,763
71$17,012,441$5,312,342$3,680,038$10,350,134
72$18,702,695$5,527,631$3,758,305$11,190,206
73$20,563,937$5,752,052$3,837,775$12,109,065
74$22,613,562$5,986,007$3,918,444$13,114,515
75$24,870,741$6,229,917$4,000,308$14,215,144
76$27,356,596$6,484,222$4,083,357$15,420,409
77$30,094,403$6,749,383$4,167,584$16,740,723
78$33,109,810$7,025,881$4,252,976$18,187,549
79$36,431,081$7,314,219$4,339,521$19,773,512
80$40,089,360$7,614,924$4,427,204$21,512,511
81$44,118,966$7,928,547$4,516,006$23,419,856
82$48,557,717$8,255,662$4,605,909$25,512,403
83$53,447,287$8,596,873$4,696,890$27,808,718
84$58,833,599$8,952,808$4,788,924$30,329,249
85$64,767,257$9,324,127$4,881,984$33,096,515
86$71,304,027$9,711,518$4,976,040$36,135,320
87$78,505,357$10,115,703$5,071,058$39,472,984
88$86,438,966$10,537,434$5,167,000$43,139,598
89$95,179,474$10,977,502$5,263,828$47,168,309
90$104,809,111$11,436,730$5,361,497$51,595,629
91$115,418,493$11,915,983$5,459,960$56,461,776
92$127,107,476$12,416,163$5,559,165$61,811,057
93$139,986,098$12,938,215$5,659,057$67,692,276
94$154,175,621$13,483,127$5,759,576$74,159,201
95$169,809,669$14,051,935$5,860,656$81,271,063
96$187,035,496$14,645,721$5,962,230$89,093,113
97$206,015,373$15,265,618$6,064,220$97,697,241
98$226,928,118$15,912,810$6,166,549$107,162,643
99$249,970,788$16,588,539$6,269,130$117,576,574
100$275,360,533$17,294,103$6,371,871$129,035,165