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%15.6%
1 years$190,758$189,058$187,401$185,783$184,203$179,969
2 years$94,434$92,676$90,971$89,319$87,716$83,474
3 years$62,331$60,565$58,864$57,227$55,650$51,533
4 years$46,282$44,521$42,838$41,229$39,690$35,728
5 years$36,656$34,905$33,244$31,668$30,172$26,377
6 years$30,240$28,503$26,866$25,325$23,874$20,250
7 years$25,659$23,937$22,326$20,821$19,416$15,964
8 years$22,225$20,518$18,934$17,466$16,107$12,825
9 years$19,556$17,865$16,308$14,877$13,565$10,450
10 years$17,421$15,747$14,218$12,824$11,558$8,608
11 years$15,676$14,019$12,517$11,161$9,940$7,150
12 years$14,223$12,582$11,109$9,790$8,614$5,980
13 years$12,994$11,371$9,925$8,643$7,512$5,028
14 years$11,942$10,336$8,917$7,672$6,585$4,247
15 years$11,031$9,442$8,051$6,842$5,798$3,600
16 years$10,234$8,663$7,300$6,127$5,124$3,062
17 years$9,532$7,978$6,642$5,505$4,543$2,610
18 years$8,909$7,372$6,064$4,961$4,040$2,230
19 years$8,352$6,832$5,551$4,482$3,601$1,908
20 years$7,851$6,349$5,094$4,060$3,216$1,636
21 years$7,398$5,914$4,686$3,684$2,878$1,404
22 years$6,988$5,520$4,319$3,350$2,580$1,206
23 years$6,613$5,163$3,988$3,051$2,316$1,038
24 years$6,270$4,837$3,688$2,783$2,081$893
25 years$5,956$4,540$3,416$2,541$1,873$769
26 years$5,665$4,267$3,168$2,324$1,687$663
27 years$5,397$4,015$2,942$2,127$1,521$572
28 years$5,148$3,784$2,735$1,949$1,372$493
29 years$4,917$3,569$2,545$1,787$1,239$426
30 years$4,702$3,371$2,370$1,640$1,120$367
31 years$4,501$3,187$2,210$1,506$1,012$317
32 years$4,313$3,015$2,062$1,384$916$274
33 years$4,137$2,855$1,925$1,273$829$237
34 years$3,971$2,706$1,799$1,171$750$205
35 years$3,816$2,567$1,682$1,078$680$177
36 years$3,669$2,436$1,573$993$616$153
37 years$3,530$2,314$1,472$915$558$132
38 years$3,399$2,199$1,379$843$506$114
39 years$3,276$2,091$1,292$778$459$99
40 years$3,158$1,990$1,211$717$416$85
41 years$3,047$1,894$1,135$662$378$74
42 years$2,941$1,804$1,065$611$343$64
43 years$2,840$1,719$999$564$311$55
44 years$2,745$1,638$938$520$282$48
45 years$2,653$1,562$881$481$256$41
46 years$2,566$1,490$827$444$233$36
47 years$2,483$1,422$777$410$211$31
48 years$2,404$1,358$730$379$192$27
49 years$2,328$1,296$687$350$174$23
50 years$2,255$1,238$645$324$158$20

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 $4,825 every year, while hoping to spend $32,279 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: 52/43/5 Blend
49$2,310,000$2,310,000$2,310,000$2,310,000
50$2,550,597$2,428,167$2,392,362$2,680,116
51$2,776,413$2,512,803$2,438,162$2,853,041
52$3,024,181$2,600,503$2,484,413$3,037,053
53$3,296,105$2,691,386$2,531,099$3,236,367
54$3,594,614$2,785,570$2,578,197$3,452,430
55$3,922,384$2,883,182$2,625,686$3,686,829
56$4,282,362$2,984,353$2,673,541$3,941,311
57$4,677,794$3,089,217$2,721,736$4,217,797
58$5,112,257$3,197,917$2,770,242$4,518,398
59$5,589,691$3,310,598$2,819,029$4,845,437
60$6,114,436$3,427,415$2,868,063$5,201,469
61$6,691,276$3,548,525$2,917,311$5,589,303
62$7,325,478$3,674,095$2,966,733$6,012,033
63$8,022,847$3,804,296$3,016,288$6,473,059
64$8,789,778$3,939,307$3,065,934$6,976,125
65$9,633,317$4,079,314$3,115,625$7,525,350
66$10,561,226$4,224,512$3,165,309$8,125,268
67$11,582,060$4,375,102$3,214,936$8,780,868
68$12,705,242$4,531,294$3,264,448$9,497,643
69$13,941,156$4,693,306$3,313,786$10,281,638
70$15,301,242$4,861,366$3,362,886$11,139,509
71$16,798,106$5,035,711$3,411,680$12,078,583
72$18,445,639$5,216,587$3,460,098$13,106,928
73$20,259,146$5,404,251$3,508,063$14,233,425
74$22,255,489$5,598,970$3,555,493$15,467,855
75$24,453,252$5,801,023$3,602,306$16,820,987
76$26,872,910$6,010,698$3,648,408$18,304,681
77$29,537,023$6,228,299$3,693,707$19,931,996
78$32,470,453$6,454,139$3,738,099$21,717,316
79$35,700,593$6,688,546$3,781,480$23,676,481
80$39,257,629$6,931,861$3,823,735$25,826,936
81$43,174,824$7,184,439$3,864,747$28,187,896
82$47,488,830$7,446,650$3,904,389$30,780,526
83$52,240,034$7,718,879$3,942,530$33,628,136
84$57,472,943$8,001,530$3,979,030$36,756,405
85$63,236,598$8,295,019$4,013,743$40,193,616
86$69,585,040$8,599,784$4,046,512$43,970,926
87$76,577,820$8,916,280$4,077,176$48,122,658
88$84,280,559$9,244,979$4,105,563$52,686,619
89$92,765,570$9,586,377$4,131,493$57,704,462
90$102,112,536$9,940,987$4,154,776$63,222,071
91$112,409,266$10,309,347$4,175,213$69,289,997
92$123,752,522$10,692,016$4,192,593$75,963,928
93$136,248,932$11,089,577$4,206,698$83,305,220
94$150,015,996$11,502,639$4,217,295$91,381,468
95$165,183,195$11,931,836$4,224,142$100,267,142
96$181,893,214$12,377,829$4,226,983$110,044,293
97$200,303,286$12,841,307$4,225,552$120,803,319
98$220,586,681$13,322,990$4,219,567$132,643,820
99$242,934,334$13,823,628$4,208,734$145,675,534
100$267,556,653$14,344,004$4,192,744$160,019,371