Can I retire at age 50 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$190,758$189,058$187,401$185,783$184,203$178,092
2 years$94,434$92,676$90,971$89,319$87,716$81,619
3 years$62,331$60,565$58,864$57,227$55,650$49,759
4 years$46,282$44,521$42,838$41,229$39,690$34,049
5 years$36,656$34,905$33,244$31,668$30,172$24,795
6 years$30,240$28,503$26,866$25,325$23,874$18,767
7 years$25,659$23,937$22,326$20,821$19,416$14,578
8 years$22,225$20,518$18,934$17,466$16,107$11,534
9 years$19,556$17,865$16,308$14,877$13,565$9,251
10 years$17,421$15,747$14,218$12,824$11,558$7,497
11 years$15,676$14,019$12,517$11,161$9,940$6,125
12 years$14,223$12,582$11,109$9,790$8,614$5,035
13 years$12,994$11,371$9,925$8,643$7,512$4,160
14 years$11,942$10,336$8,917$7,672$6,585$3,452
15 years$11,031$9,442$8,051$6,842$5,798$2,873
16 years$10,234$8,663$7,300$6,127$5,124$2,398
17 years$9,532$7,978$6,642$5,505$4,543$2,006
18 years$8,909$7,372$6,064$4,961$4,040$1,681
19 years$8,352$6,832$5,551$4,482$3,601$1,411
20 years$7,851$6,349$5,094$4,060$3,216$1,186
21 years$7,398$5,914$4,686$3,684$2,878$998
22 years$6,988$5,520$4,319$3,350$2,580$840
23 years$6,613$5,163$3,988$3,051$2,316$708
24 years$6,270$4,837$3,688$2,783$2,081$597
25 years$5,956$4,540$3,416$2,541$1,873$503
26 years$5,665$4,267$3,168$2,324$1,687$425
27 years$5,397$4,015$2,942$2,127$1,521$359
28 years$5,148$3,784$2,735$1,949$1,372$303
29 years$4,917$3,569$2,545$1,787$1,239$256
30 years$4,702$3,371$2,370$1,640$1,120$216
31 years$4,501$3,187$2,210$1,506$1,012$183
32 years$4,313$3,015$2,062$1,384$916$155
33 years$4,137$2,855$1,925$1,273$829$131
34 years$3,971$2,706$1,799$1,171$750$110
35 years$3,816$2,567$1,682$1,078$680$93
36 years$3,669$2,436$1,573$993$616$79
37 years$3,530$2,314$1,472$915$558$67
38 years$3,399$2,199$1,379$843$506$56
39 years$3,276$2,091$1,292$778$459$48
40 years$3,158$1,990$1,211$717$416$40
41 years$3,047$1,894$1,135$662$378$34
42 years$2,941$1,804$1,065$611$343$29
43 years$2,840$1,719$999$564$311$24
44 years$2,745$1,638$938$520$282$21
45 years$2,653$1,562$881$481$256$18
46 years$2,566$1,490$827$444$233$15
47 years$2,483$1,422$777$410$211$13
48 years$2,404$1,358$730$379$192$11
49 years$2,328$1,296$687$350$174$9
50 years$2,255$1,238$645$324$158$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,310,000, adding $4,229 every year, while hoping to spend $29,115 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: 24/47/29 Blend
49$2,310,000$2,310,000$2,310,000$2,310,000
50$2,549,982$2,427,552$2,391,747$2,587,868
51$2,779,102$2,515,524$2,440,893$2,708,591
52$3,030,617$2,606,831$2,490,709$2,835,115
53$3,306,779$2,701,605$2,541,187$2,970,067
54$3,610,072$2,799,985$2,592,318$3,114,171
55$3,943,230$2,902,115$2,644,091$3,268,215
56$4,309,265$3,008,144$2,696,493$3,433,069
57$4,711,496$3,118,229$2,749,512$3,609,682
58$5,153,579$3,232,533$2,803,131$3,799,097
59$5,639,542$3,351,225$2,857,335$4,002,459
60$6,173,823$3,474,483$2,912,103$4,221,022
61$6,761,311$3,602,490$2,967,416$4,456,164
62$7,407,392$3,735,439$3,023,252$4,709,398
63$8,118,000$3,873,530$3,079,585$4,982,385
64$8,899,675$4,016,972$3,136,390$5,276,950
65$9,759,620$4,165,982$3,193,637$5,595,096
66$10,705,773$4,320,787$3,251,296$5,939,026
67$11,746,880$4,481,624$3,309,333$6,311,158
68$12,892,577$4,648,739$3,367,711$6,714,153
69$14,153,482$4,822,389$3,426,391$7,150,934
70$15,541,294$5,002,843$3,485,332$7,624,715
71$17,068,904$5,190,380$3,544,488$8,139,029
72$18,750,515$5,385,292$3,603,812$8,697,763
73$20,601,780$5,587,883$3,663,251$9,305,191
74$22,639,942$5,798,470$3,722,751$9,966,014
75$24,884,006$6,017,385$3,782,253$10,685,403
76$27,354,910$6,244,972$3,841,694$11,469,048
77$30,075,727$6,481,592$3,901,007$12,323,209
78$33,071,883$6,727,621$3,960,122$13,254,774
79$36,371,391$6,983,451$4,018,963$14,271,325
80$40,005,125$7,249,492$4,077,449$15,381,203
81$44,007,100$7,526,169$4,135,496$16,593,590
82$48,414,802$7,813,930$4,193,014$17,918,594
83$53,269,538$8,113,239$4,249,906$19,367,341
84$58,616,825$8,424,581$4,306,071$20,952,076
85$64,506,819$8,748,463$4,361,402$22,686,285
86$70,994,791$9,085,415$4,415,786$24,584,811
87$78,141,648$9,435,988$4,469,103$26,664,000
88$86,014,503$9,800,759$4,521,225$28,941,848
89$94,687,315$10,180,329$4,572,020$31,438,172
90$104,241,584$10,575,328$4,621,344$34,174,796
91$114,767,117$10,986,410$4,669,051$37,175,751
92$126,362,880$11,414,262$4,714,982$40,467,501
93$139,137,931$11,859,598$4,758,971$44,079,194
94$153,212,448$12,323,165$4,800,844$48,042,930
95$168,718,862$12,805,745$4,840,416$52,394,065
96$185,803,111$13,308,151$4,877,495$57,171,540
97$204,626,013$13,831,236$4,911,876$62,418,248
98$225,364,787$14,375,888$4,943,345$68,181,433
99$248,214,725$14,943,035$4,971,676$74,513,136
100$273,391,032$15,533,649$4,996,633$81,470,684