Can I retire at age 50 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$189,932$188,240$186,589$184,978$183,405$176,407
2 years$94,026$92,275$90,577$88,932$87,336$80,368
3 years$62,061$60,302$58,610$56,980$55,409$48,691
4 years$46,082$44,329$42,653$41,051$39,518$33,100
5 years$36,497$34,754$33,100$31,531$30,041$23,940
6 years$30,109$28,379$26,750$25,215$23,771$17,990
7 years$25,548$23,833$22,229$20,731$19,332$13,871
8 years$22,129$20,429$18,852$17,391$16,038$10,891
9 years$19,471$17,787$16,237$14,813$13,506$8,666
10 years$17,346$15,679$14,156$12,769$11,508$6,966
11 years$15,608$13,958$12,463$11,113$9,897$5,642
12 years$14,161$12,528$11,060$9,747$8,577$4,599
13 years$12,938$11,321$9,882$8,606$7,479$3,766
14 years$11,890$10,291$8,879$7,639$6,556$3,096
15 years$10,983$9,401$8,016$6,813$5,772$2,553
16 years$10,190$8,625$7,268$6,100$5,102$2,111
17 years$9,491$7,943$6,614$5,481$4,524$1,749
18 years$8,870$7,340$6,037$4,939$4,022$1,452
19 years$8,316$6,803$5,527$4,463$3,585$1,207
20 years$7,817$6,321$5,072$4,042$3,202$1,004
21 years$7,366$5,888$4,666$3,669$2,866$836
22 years$6,957$5,496$4,300$3,336$2,569$697
23 years$6,585$5,141$3,970$3,038$2,306$581
24 years$6,243$4,816$3,672$2,771$2,072$485
25 years$5,930$4,520$3,401$2,530$1,865$405
26 years$5,641$4,248$3,154$2,314$1,680$338
27 years$5,374$3,998$2,929$2,118$1,514$283
28 years$5,126$3,767$2,723$1,940$1,367$236
29 years$4,896$3,554$2,534$1,779$1,234$197
30 years$4,682$3,356$2,360$1,633$1,115$165
31 years$4,482$3,173$2,200$1,500$1,008$138
32 years$4,294$3,002$2,053$1,378$912$115
33 years$4,119$2,843$1,917$1,267$825$97
34 years$3,954$2,695$1,791$1,166$747$81
35 years$3,799$2,556$1,674$1,073$677$68
36 years$3,653$2,426$1,566$989$613$56
37 years$3,515$2,304$1,466$911$556$47
38 years$3,385$2,190$1,373$840$504$40
39 years$3,261$2,082$1,286$774$457$33
40 years$3,144$1,981$1,206$714$414$28
41 years$3,034$1,886$1,131$659$376$23
42 years$2,928$1,796$1,060$608$341$19
43 years$2,828$1,711$995$561$310$16
44 years$2,733$1,631$934$518$281$14
45 years$2,642$1,555$877$479$255$11
46 years$2,555$1,484$824$442$232$10
47 years$2,473$1,416$774$408$210$8
48 years$2,393$1,352$727$377$191$7
49 years$2,318$1,291$684$349$173$6
50 years$2,246$1,233$643$322$158$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,300,000, adding $5,205 every year, while hoping to spend $29,383 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: 55/33/12 Blend
49$2,300,000$2,300,000$2,300,000$2,300,000
50$2,539,969$2,418,069$2,382,419$2,671,596
51$2,767,783$2,505,291$2,430,967$2,848,683
52$3,017,848$2,595,802$2,480,156$3,037,756
53$3,292,405$2,689,733$2,529,977$3,242,937
54$3,593,918$2,787,218$2,580,420$3,465,766
55$3,925,106$2,888,399$2,631,471$3,707,939
56$4,288,959$2,993,423$2,683,118$3,971,317
57$4,688,775$3,102,444$2,735,345$4,257,950
58$5,128,187$3,215,620$2,788,136$4,570,093
59$5,611,195$3,333,118$2,841,471$4,910,227
60$6,142,208$3,455,111$2,895,331$5,281,080
61$6,726,082$3,581,781$2,949,694$5,685,656
62$7,368,168$3,713,314$3,004,535$6,127,262
63$8,074,362$3,849,907$3,059,827$6,609,533
64$8,851,159$3,991,765$3,115,543$7,136,476
65$9,705,715$4,139,099$3,171,652$7,712,496
66$10,645,916$4,292,133$3,228,121$8,342,447
67$11,680,449$4,451,097$3,284,912$9,031,669
68$12,818,887$4,616,233$3,341,989$9,786,043
69$14,071,777$4,787,792$3,399,310$10,612,045
70$15,450,741$4,966,037$3,456,829$11,516,803
71$16,968,584$5,151,240$3,514,500$12,508,167
72$18,639,416$5,343,687$3,572,273$13,594,782
73$20,478,784$5,543,676$3,630,091$14,786,168
74$22,503,819$5,751,515$3,687,898$16,092,807
75$24,733,398$5,967,528$3,745,632$17,526,246
76$27,188,321$6,192,053$3,803,227$19,099,200
77$29,891,508$6,425,442$3,860,613$20,825,673
78$32,868,214$6,668,061$3,917,716$22,721,093
79$36,146,269$6,920,293$3,974,457$24,802,447
80$39,756,339$7,182,538$4,030,751$27,088,453
81$43,732,215$7,455,212$4,086,511$29,599,723
82$48,111,133$7,738,749$4,141,641$32,358,965
83$52,934,125$8,033,605$4,196,043$35,391,194
84$58,246,406$8,340,252$4,249,611$38,723,966
85$64,097,799$8,659,183$4,302,232$42,387,635
86$70,543,207$8,990,916$4,353,790$46,415,642
87$77,643,131$9,335,988$4,404,158$50,844,829
88$85,464,240$9,694,960$4,453,207$55,715,781
89$94,079,999$10,068,420$4,500,796$61,073,211
90$103,571,365$10,456,979$4,546,779$66,966,383
91$114,027,550$10,861,276$4,591,001$73,449,568
92$125,546,860$11,281,979$4,633,300$80,582,563
93$138,237,628$11,719,785$4,673,504$88,431,247
94$152,219,232$12,175,419$4,711,432$97,068,204
95$167,623,222$12,649,643$4,746,893$106,573,407
96$184,594,564$13,143,249$4,779,688$117,034,970
97$203,293,007$13,657,066$4,809,605$128,549,978
98$223,894,590$14,191,958$4,836,423$141,225,400
99$246,593,303$14,748,830$4,859,908$155,179,098
100$271,602,922$15,328,624$4,879,817$170,540,938