Can I retire at age 50 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$188,280$186,603$184,967$183,370$181,810$179,241
2 years$93,208$91,472$89,790$88,159$86,576$83,993
3 years$61,521$59,778$58,100$56,484$54,928$52,410
4 years$45,681$43,943$42,282$40,694$39,175$36,743
5 years$36,180$34,452$32,812$31,257$29,780$27,441
6 years$29,847$28,133$26,517$24,996$23,564$21,320
7 years$25,326$23,626$22,036$20,551$19,164$17,016
8 years$21,936$20,252$18,688$17,239$15,898$13,846
9 years$19,302$17,633$16,096$14,684$13,389$11,431
10 years$17,195$15,542$14,033$12,658$11,408$9,544
11 years$15,472$13,836$12,354$11,016$9,811$8,039
12 years$14,038$12,419$10,964$9,663$8,502$6,819
13 years$12,825$11,223$9,796$8,531$7,414$5,818
14 years$11,787$10,201$8,802$7,573$6,499$4,988
15 years$10,887$9,319$7,947$6,753$5,722$4,293
16 years$10,101$8,550$7,205$6,047$5,057$3,707
17 years$9,408$7,874$6,556$5,433$4,484$3,211
18 years$8,793$7,276$5,985$4,896$3,987$2,787
19 years$8,243$6,744$5,479$4,424$3,554$2,425
20 years$7,749$6,266$5,028$4,007$3,174$2,113
21 years$7,302$5,837$4,625$3,637$2,841$1,844
22 years$6,897$5,449$4,263$3,307$2,546$1,612
23 years$6,527$5,096$3,936$3,011$2,286$1,410
24 years$6,189$4,775$3,640$2,747$2,054$1,235
25 years$5,878$4,481$3,371$2,508$1,849$1,082
26 years$5,592$4,211$3,127$2,293$1,665$949
27 years$5,327$3,963$2,903$2,099$1,501$833
28 years$5,082$3,734$2,699$1,923$1,355$732
29 years$4,854$3,523$2,512$1,764$1,223$643
30 years$4,641$3,327$2,340$1,619$1,105$565
31 years$4,443$3,145$2,181$1,487$999$497
32 years$4,257$2,976$2,035$1,366$904$437
33 years$4,083$2,818$1,900$1,256$818$385
34 years$3,920$2,671$1,775$1,156$741$339
35 years$3,766$2,534$1,660$1,064$671$298
36 years$3,621$2,405$1,553$980$608$263
37 years$3,484$2,284$1,453$903$551$231
38 years$3,355$2,171$1,361$832$499$204
39 years$3,233$2,064$1,275$767$453$179
40 years$3,117$1,964$1,195$708$411$158
41 years$3,007$1,869$1,121$653$373$139
42 years$2,903$1,780$1,051$603$338$123
43 years$2,803$1,696$986$556$307$108
44 years$2,709$1,617$926$514$279$95
45 years$2,619$1,542$869$474$253$84
46 years$2,533$1,471$817$438$230$74
47 years$2,451$1,404$767$405$209$65
48 years$2,373$1,340$721$374$189$58
49 years$2,298$1,280$678$346$172$51
50 years$2,226$1,222$637$320$156$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,280,000, adding $4,156 every year, while hoping to spend $53,656 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: 60/23/17 Blend
49$2,280,000$2,280,000$2,280,000$2,280,000
50$2,516,847$2,396,007$2,360,667$2,656,646
51$2,716,476$2,456,322$2,382,660$2,811,854
52$2,934,668$2,517,794$2,403,591$2,974,773
53$3,173,262$2,580,423$2,423,368$3,151,261
54$3,434,278$2,644,207$2,441,895$3,342,639
55$3,719,945$2,709,143$2,459,068$3,550,360
56$4,032,713$2,775,225$2,474,781$3,776,026
57$4,375,284$2,842,446$2,488,921$4,021,401
58$4,750,631$2,910,794$2,501,368$4,288,427
59$5,162,029$2,980,256$2,511,998$4,579,245
60$5,613,085$3,050,818$2,520,678$4,896,213
61$6,107,772$3,122,460$2,527,273$5,241,929
62$6,650,464$3,195,160$2,531,636$5,619,256
63$7,245,981$3,268,893$2,533,616$6,031,347
64$7,899,632$3,343,629$2,533,053$6,481,677
65$8,617,264$3,419,337$2,529,780$6,974,077
66$9,405,319$3,495,978$2,523,621$7,512,765
67$10,270,891$3,573,510$2,514,392$8,102,390
68$11,221,798$3,651,889$2,501,900$8,748,076
69$12,266,651$3,731,060$2,485,943$9,455,469
70$13,414,936$3,810,969$2,466,309$10,230,791
71$14,677,104$3,891,551$2,442,775$11,080,897
72$16,064,670$3,972,738$2,415,109$12,013,344
73$17,590,318$4,054,454$2,383,067$13,036,458
74$19,268,024$4,136,616$2,346,393$14,159,415
75$21,113,186$4,219,134$2,304,821$15,392,328
76$23,142,770$4,301,910$2,258,071$16,746,342
77$25,375,466$4,384,837$2,205,850$18,233,739
78$27,831,869$4,467,800$2,147,851$19,868,054
79$30,534,670$4,550,673$2,083,755$21,664,205
80$33,508,872$4,633,321$2,013,227$23,638,631
81$36,782,022$4,715,599$1,935,915$25,809,451
82$40,384,474$4,797,348$1,851,453$28,196,632
83$44,349,672$4,878,400$1,759,458$30,822,181
84$48,714,468$4,958,572$1,659,531$33,710,350
85$53,519,470$5,037,668$1,551,251$36,887,868
86$58,809,419$5,115,477$1,434,181$40,384,191
87$64,633,619$5,191,775$1,307,865$44,231,783
88$71,046,395$5,266,318$1,171,826$48,466,423
89$78,107,609$5,338,849$1,025,563$53,127,543
90$85,883,222$5,409,091$868,557$58,258,597
91$94,445,921$5,476,746$700,263$63,907,479
92$103,875,796$5,541,498$520,114$70,126,970
93$114,261,106$5,603,009$327,516$76,975,240
94$125,699,101$5,660,919$121,850$84,516,398
95$138,296,948$5,714,843$0$92,821,093
96$152,172,736$5,764,369$0$101,984,901
97$167,456,593$5,809,062$0$112,100,663
98$184,291,915$5,848,455$0$123,240,952
99$202,836,714$5,882,053$0$135,510,125
100$223,265,114$5,909,329$0$149,023,187