Can I retire at age 50 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$189,106$187,422$185,778$184,174$182,608$178,483
2 years$93,617$91,873$90,184$88,545$86,956$82,823
3 years$61,791$60,040$58,355$56,732$55,169$51,156
4 years$45,882$44,136$42,467$40,872$39,347$35,485
5 years$36,338$34,603$32,956$31,394$29,911$26,211
6 years$29,978$28,256$26,634$25,106$23,667$20,134
7 years$25,437$23,729$22,133$20,641$19,248$15,881
8 years$22,033$20,340$18,770$17,315$15,968$12,766
9 years$19,386$17,710$16,167$14,749$13,447$10,408
10 years$17,270$15,611$14,095$12,713$11,458$8,578
11 years$15,540$13,897$12,409$11,065$9,854$7,131
12 years$14,100$12,473$11,012$9,705$8,539$5,967
13 years$12,882$11,272$9,839$8,568$7,446$5,021
14 years$11,838$10,246$8,840$7,606$6,528$4,244
15 years$10,935$9,360$7,982$6,783$5,747$3,600
16 years$10,146$8,588$7,236$6,073$5,080$3,064
17 years$9,450$7,909$6,585$5,457$4,504$2,614
18 years$8,832$7,308$6,011$4,918$4,005$2,235
19 years$8,279$6,773$5,503$4,444$3,569$1,914
20 years$7,783$6,294$5,050$4,025$3,188$1,642
21 years$7,334$5,863$4,645$3,653$2,853$1,410
22 years$6,927$5,472$4,281$3,321$2,557$1,213
23 years$6,556$5,118$3,953$3,025$2,296$1,044
24 years$6,216$4,796$3,656$2,759$2,063$899
25 years$5,904$4,500$3,386$2,519$1,857$775
26 years$5,616$4,230$3,140$2,303$1,673$669
27 years$5,350$3,981$2,916$2,108$1,508$577
28 years$5,104$3,751$2,711$1,932$1,361$498
29 years$4,875$3,539$2,523$1,771$1,229$430
30 years$4,661$3,342$2,350$1,626$1,110$372
31 years$4,462$3,159$2,191$1,493$1,004$321
32 years$4,276$2,989$2,044$1,372$908$278
33 years$4,101$2,831$1,908$1,262$822$240
34 years$3,937$2,683$1,783$1,161$744$208
35 years$3,783$2,545$1,667$1,069$674$180
36 years$3,637$2,415$1,560$984$610$155
37 years$3,500$2,294$1,460$907$553$134
38 years$3,370$2,180$1,367$836$502$116
39 years$3,247$2,073$1,281$771$455$101
40 years$3,131$1,972$1,200$711$413$87
41 years$3,020$1,877$1,126$656$374$75
42 years$2,916$1,788$1,056$605$340$65
43 years$2,816$1,704$991$559$308$56
44 years$2,721$1,624$930$516$280$49
45 years$2,630$1,549$873$477$254$42
46 years$2,544$1,477$820$440$231$37
47 years$2,462$1,410$771$407$209$32
48 years$2,383$1,346$724$376$190$27
49 years$2,308$1,285$681$347$173$24
50 years$2,236$1,228$640$321$157$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,290,000, adding $5,095 every year, while hoping to spend $24,483 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: 42/35/23 Blend
49$2,290,000$2,290,000$2,290,000$2,290,000
50$2,528,835$2,407,465$2,371,970$2,617,821
51$2,760,727$2,499,382$2,425,382$2,773,712
52$3,015,451$2,594,981$2,479,762$2,939,689
53$3,295,310$2,694,418$2,535,117$3,118,943
54$3,602,842$2,797,855$2,591,454$3,312,709
55$3,940,842$2,905,460$2,648,777$3,522,342
56$4,312,388$3,017,408$2,707,092$3,749,335
57$4,720,874$3,133,883$2,766,402$3,995,326
58$5,170,037$3,255,078$2,826,710$4,262,116
59$5,663,996$3,381,191$2,888,020$4,551,685
60$6,207,286$3,512,432$2,950,331$4,866,210
61$6,804,908$3,649,020$3,013,646$5,208,084
62$7,462,367$3,791,181$3,077,962$5,579,942
63$8,185,734$3,939,154$3,143,279$5,984,677
64$8,981,693$4,093,187$3,209,593$6,425,476
65$9,857,612$4,253,539$3,276,901$6,905,842
66$10,821,609$4,420,483$3,345,197$7,429,632
67$11,882,626$4,594,299$3,414,474$8,001,086
68$13,050,519$4,775,285$3,484,724$8,624,872
69$14,336,147$4,963,749$3,555,938$9,306,129
70$15,751,475$5,160,014$3,628,103$10,050,509
71$17,309,687$5,364,417$3,701,206$10,864,235
72$19,025,311$5,577,309$3,775,232$11,754,158
73$20,914,355$5,799,059$3,850,165$12,727,817
74$22,994,458$6,030,052$3,925,984$13,793,513
75$25,285,057$6,270,689$4,002,668$14,960,386
76$27,807,570$6,521,389$4,080,195$16,238,495
77$30,585,597$6,782,592$4,158,536$17,638,921
78$33,645,145$7,054,757$4,237,664$19,173,861
79$37,014,872$7,338,361$4,317,548$20,856,748
80$40,726,354$7,633,907$4,398,151$22,702,372
81$44,814,391$7,941,917$4,479,438$24,727,024
82$49,317,328$8,262,939$4,561,368$26,948,642
83$54,277,417$8,597,546$4,643,896$29,386,983
84$59,741,222$8,946,334$4,726,975$32,063,807
85$65,760,052$9,309,929$4,810,553$35,003,077
86$72,390,446$9,688,985$4,894,576$38,231,192
87$79,694,712$10,084,185$4,978,985$41,777,224
88$87,741,506$10,496,244$5,063,714$45,673,200
89$96,606,489$10,925,909$5,148,697$49,954,396
90$106,373,032$11,373,960$5,233,861$54,659,670
91$117,133,013$11,841,216$5,319,127$59,831,827
92$128,987,675$12,328,530$5,404,412$65,518,020
93$142,048,586$12,836,796$5,489,628$71,770,196
94$156,438,691$13,366,948$5,574,679$78,645,580
95$172,293,473$13,919,964$5,659,467$86,207,212
96$189,762,231$14,496,866$5,743,882$94,524,545
97$209,009,489$15,098,722$5,827,813$103,674,092
98$230,216,550$15,726,653$5,911,138$113,740,151
99$253,583,206$16,381,827$5,993,729$124,815,592
100$279,329,625$17,065,468$6,075,451$137,002,735