Can I retire at age 50 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$184,977$183,329$181,722$180,153$178,621$175,517
2 years$91,573$89,867$88,215$86,612$85,057$81,941
3 years$60,442$58,729$57,081$55,493$53,964$50,931
4 years$44,880$43,172$41,540$39,980$38,488$35,562
5 years$35,545$33,848$32,237$30,708$29,258$26,448
6 years$29,324$27,639$26,052$24,558$23,151$20,460
7 years$24,882$23,211$21,649$20,190$18,828$16,256
8 years$21,552$19,896$18,360$16,937$15,619$13,167
9 years$18,963$17,323$15,814$14,427$13,154$10,819
10 years$16,893$15,270$13,787$12,436$11,208$8,989
11 years$15,201$13,594$12,138$10,823$9,639$7,533
12 years$13,792$12,201$10,772$9,493$8,353$6,358
13 years$12,600$11,026$9,624$8,381$7,284$5,396
14 years$11,580$10,022$8,647$7,440$6,385$4,601
15 years$10,696$9,156$7,807$6,635$5,622$3,939
16 years$9,924$8,400$7,078$5,941$4,969$3,382
17 years$9,243$7,736$6,441$5,338$4,406$2,913
18 years$8,639$7,149$5,880$4,810$3,917$2,514
19 years$8,099$6,625$5,383$4,347$3,491$2,174
20 years$7,613$6,157$4,940$3,937$3,119$1,883
21 years$7,174$5,735$4,544$3,573$2,791$1,634
22 years$6,776$5,353$4,188$3,249$2,502$1,419
23 years$6,413$5,007$3,867$2,959$2,246$1,234
24 years$6,080$4,691$3,576$2,698$2,018$1,074
25 years$5,775$4,402$3,312$2,464$1,816$935
26 years$5,494$4,137$3,072$2,253$1,636$815
27 years$5,234$3,894$2,853$2,062$1,475$711
28 years$4,992$3,669$2,652$1,890$1,331$620
29 years$4,768$3,461$2,468$1,733$1,202$542
30 years$4,560$3,269$2,299$1,590$1,086$473
31 years$4,365$3,090$2,143$1,461$982$413
32 years$4,182$2,924$1,999$1,342$888$361
33 years$4,012$2,769$1,867$1,234$804$316
34 years$3,851$2,624$1,744$1,136$728$276
35 years$3,700$2,489$1,631$1,045$659$241
36 years$3,558$2,363$1,526$963$597$211
37 years$3,423$2,244$1,428$887$541$185
38 years$3,296$2,132$1,337$818$491$161
39 years$3,176$2,028$1,253$754$445$141
40 years$3,062$1,929$1,174$695$404$124
41 years$2,954$1,836$1,101$642$366$108
42 years$2,852$1,749$1,033$592$332$95
43 years$2,754$1,666$969$547$302$83
44 years$2,661$1,588$910$505$274$73
45 years$2,573$1,515$854$466$248$63
46 years$2,489$1,445$802$431$226$56
47 years$2,408$1,379$754$398$205$49
48 years$2,331$1,316$708$368$186$43
49 years$2,257$1,257$666$340$169$37
50 years$2,187$1,201$626$314$153$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,240,000, adding $3,157 every year, while hoping to spend $22,977 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: 69/19/12 Blend
49$2,240,000$2,240,000$2,240,000$2,240,000
50$2,471,736$2,353,016$2,318,296$2,635,681
51$2,699,406$2,443,867$2,371,512$2,835,823
52$2,949,528$2,538,399$2,425,740$3,051,642
53$3,224,368$2,636,769$2,480,991$3,287,149
54$3,526,423$2,739,139$2,537,273$3,544,278
55$3,858,441$2,845,681$2,594,595$3,825,153
56$4,223,454$2,956,571$2,652,966$4,132,115
57$4,624,799$3,071,995$2,712,393$4,467,740
58$5,066,154$3,192,148$2,772,883$4,834,865
59$5,551,570$3,317,232$2,834,443$5,236,610
60$6,085,511$3,447,457$2,897,078$5,676,415
61$6,672,896$3,583,046$2,960,793$6,158,062
62$7,319,145$3,724,228$3,025,593$6,685,720
63$8,030,227$3,871,245$3,091,480$7,263,977
64$8,812,723$4,024,349$3,158,457$7,897,886
65$9,673,881$4,183,802$3,226,525$8,593,012
66$10,621,688$4,349,880$3,295,685$9,355,483
67$11,664,945$4,522,869$3,365,936$10,192,049
68$12,813,350$4,703,069$3,437,275$11,110,142
69$14,077,587$4,890,795$3,509,699$12,117,949
70$15,469,431$5,086,374$3,583,203$13,224,489
71$17,001,854$5,290,147$3,657,782$14,439,692
72$18,689,152$5,502,474$3,733,427$15,774,501
73$20,547,078$5,723,728$3,810,129$17,240,965
74$22,592,989$5,954,299$3,887,877$18,852,359
75$24,846,011$6,194,597$3,966,659$20,623,308
76$27,327,220$6,445,048$4,046,458$22,569,920
77$30,059,841$6,706,100$4,127,258$24,709,941
78$33,069,464$6,978,218$4,209,040$27,062,921
79$36,384,289$7,261,890$4,291,783$29,650,397
80$40,035,391$7,557,628$4,375,463$32,496,097
81$44,057,013$7,865,963$4,460,053$35,626,161
82$48,486,888$8,187,455$4,545,524$39,069,390
83$53,366,595$8,522,685$4,631,844$42,857,510
84$58,741,955$8,872,264$4,718,978$47,025,482
85$64,663,459$9,236,830$4,806,888$51,611,818
86$71,186,746$9,617,048$4,895,533$56,658,955
87$78,373,128$10,013,617$4,984,867$62,213,647
88$86,290,169$10,427,266$5,074,842$68,327,406
89$95,012,322$10,858,758$5,165,405$75,056,992
90$104,621,632$11,308,891$5,256,499$82,464,942
91$115,208,510$11,778,498$5,348,064$90,620,162
92$126,872,588$12,268,454$5,440,033$99,598,575
93$139,723,654$12,779,671$5,532,337$109,483,837
94$153,882,697$13,313,104$5,624,900$120,368,126
95$169,483,039$13,869,754$5,717,642$132,353,006
96$186,671,602$14,450,665$5,810,476$145,550,393
97$205,610,290$15,056,932$5,903,311$160,083,601
98$226,477,516$15,689,698$5,996,048$176,088,509
99$249,469,891$16,350,161$6,088,584$193,714,841
100$274,804,076$17,039,575$6,180,808$213,127,579