Can I retire at age 50 with 2,320,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$191,583$189,877$188,212$186,587$185,000$179,365
2 years$94,843$93,077$91,365$89,705$88,095$82,467
3 years$62,601$60,827$59,119$57,475$55,891$50,446
4 years$46,483$44,714$43,024$41,408$39,862$34,641
5 years$36,814$35,056$33,388$31,805$30,303$25,320
6 years$30,371$28,626$26,983$25,435$23,977$19,238
7 years$25,770$24,040$22,423$20,911$19,500$15,003
8 years$22,321$20,607$19,016$17,542$16,177$11,920
9 years$19,640$17,942$16,379$14,942$13,624$9,602
10 years$17,497$15,815$14,279$12,880$11,608$7,815
11 years$15,744$14,079$12,571$11,209$9,983$6,414
12 years$14,284$12,637$11,157$9,832$8,651$5,297
13 years$13,050$11,420$9,968$8,680$7,544$4,398
14 years$11,994$10,380$8,956$7,705$6,613$3,666
15 years$11,078$9,483$8,086$6,872$5,823$3,067
16 years$10,278$8,700$7,331$6,153$5,146$2,573
17 years$9,573$8,013$6,671$5,528$4,563$2,163
18 years$8,947$7,404$6,090$4,982$4,057$1,822
19 years$8,388$6,862$5,575$4,502$3,616$1,538
20 years$7,885$6,376$5,116$4,077$3,230$1,299
21 years$7,431$5,939$4,706$3,700$2,891$1,099
22 years$7,018$5,544$4,337$3,365$2,591$930
23 years$6,642$5,185$4,005$3,064$2,326$788
24 years$6,298$4,858$3,704$2,795$2,090$668
25 years$5,981$4,559$3,430$2,552$1,881$567
26 years$5,690$4,285$3,182$2,334$1,694$481
27 years$5,420$4,033$2,954$2,136$1,528$409
28 years$5,171$3,800$2,746$1,957$1,378$347
29 years$4,939$3,585$2,556$1,795$1,245$295
30 years$4,723$3,386$2,381$1,647$1,125$251
31 years$4,521$3,200$2,219$1,513$1,017$213
32 years$4,332$3,028$2,071$1,390$920$181
33 years$4,155$2,868$1,933$1,278$832$154
34 years$3,989$2,718$1,807$1,176$754$131
35 years$3,832$2,578$1,689$1,083$683$111
36 years$3,685$2,447$1,580$997$618$95
37 years$3,546$2,324$1,479$919$561$81
38 years$3,414$2,209$1,385$847$508$69
39 years$3,290$2,100$1,297$781$461$58
40 years$3,172$1,998$1,216$720$418$50
41 years$3,060$1,902$1,140$665$379$42
42 years$2,954$1,811$1,070$613$344$36
43 years$2,853$1,726$1,004$566$312$31
44 years$2,756$1,645$942$523$283$26
45 years$2,665$1,569$885$483$257$22
46 years$2,577$1,497$831$446$234$19
47 years$2,494$1,428$781$412$212$16
48 years$2,414$1,363$734$381$193$14
49 years$2,338$1,302$690$352$175$12
50 years$2,265$1,244$648$325$159$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,320,000, adding $5,378 every year, while hoping to spend $30,190 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: 79/15/6 Blend
49$2,320,000$2,320,000$2,320,000$2,320,000
50$2,562,187$2,439,227$2,403,267$2,762,929
51$2,791,409$2,526,628$2,451,655$2,982,626
52$3,042,999$2,617,299$2,500,652$3,219,051
53$3,319,207$2,711,369$2,550,246$3,477,484
54$3,622,512$2,808,972$2,600,425$3,760,101
55$3,955,644$2,910,247$2,651,175$4,069,301
56$4,321,609$3,015,339$2,702,479$4,407,724
57$4,723,722$3,124,399$2,754,321$4,778,277
58$5,165,631$3,237,584$2,806,680$5,184,160
59$5,651,358$3,355,058$2,859,536$5,628,900
60$6,185,332$3,476,991$2,912,866$6,116,377
61$6,772,434$3,603,562$2,966,645$6,650,867
62$7,418,040$3,734,955$3,020,846$7,237,079
63$8,128,075$3,871,363$3,075,439$7,880,198
64$8,909,066$4,012,986$3,130,394$8,585,937
65$9,768,203$4,160,035$3,185,674$9,360,587
66$10,713,410$4,312,728$3,241,245$10,211,079
67$11,753,418$4,471,291$3,297,066$11,145,044
68$12,897,844$4,635,962$3,353,095$12,170,894
69$14,157,287$4,806,987$3,409,287$13,297,889
70$15,543,425$4,984,624$3,465,593$14,536,235
71$17,069,126$5,169,142$3,521,962$15,897,173
72$18,748,566$5,360,819$3,578,337$17,393,085
73$20,597,368$5,559,948$3,634,660$19,037,616
74$22,632,746$5,766,832$3,690,868$20,845,794
75$24,873,668$5,981,789$3,746,894$22,834,179
76$27,341,034$6,205,148$3,802,666$25,021,014
77$30,057,875$6,437,255$3,858,111$27,426,399
78$33,049,567$6,678,469$3,913,146$30,072,478
79$36,344,073$6,929,165$3,967,687$32,983,649
80$39,972,208$7,189,734$4,021,644$36,186,794
81$43,967,926$7,460,583$4,074,922$39,711,531
82$48,368,641$7,742,138$4,127,418$43,590,495
83$53,215,583$8,034,844$4,179,027$47,859,641
84$58,554,183$8,339,161$4,229,635$52,558,587
85$64,434,504$8,655,575$4,279,123$57,730,987
86$70,911,714$8,984,589$4,327,364$63,424,939
87$78,046,603$9,326,728$4,374,225$69,693,442
88$85,906,161$9,682,542$4,419,565$76,594,892
89$94,564,206$10,052,602$4,463,237$84,193,637
90$104,102,083$10,437,508$4,505,084$92,560,578
91$114,609,432$10,837,883$4,544,941$101,773,841
92$126,185,032$11,254,377$4,582,634$111,919,515
93$138,937,735$11,687,671$4,617,982$123,092,458
94$152,987,491$12,138,474$4,650,791$135,397,198
95$168,466,483$12,607,527$4,680,860$148,948,913
96$185,520,371$13,095,602$4,707,976$163,874,524
97$204,309,670$13,603,508$4,731,915$180,313,883
98$225,011,264$14,132,088$4,752,441$198,421,100
99$247,820,074$14,682,221$4,769,309$218,365,994
100$272,950,898$15,254,827$4,782,258$240,335,693