Can I retire at age 50 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$192,409$190,695$189,023$187,391$185,797$184,010
2 years$95,252$93,478$91,759$90,092$88,475$86,675
3 years$62,871$61,089$59,374$57,723$56,132$54,374
4 years$46,683$44,907$43,209$41,586$40,034$38,332
5 years$36,973$35,208$33,532$31,942$30,433$28,793
6 years$30,502$28,750$27,099$25,544$24,081$22,504
7 years$25,881$24,144$22,519$21,001$19,584$18,071
8 years$22,418$20,696$19,098$17,618$16,247$14,798
9 years$19,725$18,019$16,449$15,006$13,682$12,296
10 years$17,572$15,883$14,341$12,936$11,658$10,335
11 years$15,812$14,140$12,625$11,258$10,026$8,764
12 years$14,346$12,691$11,205$9,875$8,689$7,487
13 years$13,107$11,469$10,011$8,718$7,577$6,434
14 years$12,045$10,425$8,995$7,739$6,642$5,556
15 years$11,126$9,524$8,121$6,902$5,848$4,818
16 years$10,323$8,738$7,363$6,180$5,168$4,193
17 years$9,615$8,047$6,700$5,552$4,583$3,659
18 years$8,986$7,436$6,116$5,004$4,075$3,202
19 years$8,424$6,891$5,599$4,521$3,632$2,807
20 years$7,919$6,404$5,139$4,095$3,244$2,466
21 years$7,463$5,965$4,726$3,716$2,903$2,170
22 years$7,048$5,568$4,356$3,379$2,602$1,913
23 years$6,670$5,208$4,022$3,077$2,336$1,687
24 years$6,325$4,879$3,720$2,807$2,099$1,490
25 years$6,007$4,579$3,445$2,563$1,889$1,318
26 years$5,714$4,303$3,195$2,344$1,702$1,166
27 years$5,444$4,050$2,967$2,145$1,534$1,032
28 years$5,193$3,816$2,758$1,966$1,384$915
29 years$4,960$3,600$2,567$1,802$1,250$811
30 years$4,743$3,400$2,391$1,654$1,130$719
31 years$4,540$3,214$2,229$1,519$1,021$638
32 years$4,350$3,041$2,080$1,396$924$567
33 years$4,173$2,880$1,942$1,284$836$503
34 years$4,006$2,730$1,814$1,181$757$447
35 years$3,849$2,589$1,696$1,087$686$397
36 years$3,701$2,457$1,587$1,002$621$353
37 years$3,561$2,334$1,485$923$563$314
38 years$3,429$2,218$1,391$851$510$279
39 years$3,304$2,109$1,303$784$463$248
40 years$3,185$2,007$1,221$723$420$221
41 years$3,073$1,910$1,145$667$381$196
42 years$2,966$1,819$1,074$616$346$175
43 years$2,865$1,733$1,008$569$314$155
44 years$2,768$1,652$946$525$285$138
45 years$2,676$1,576$889$485$258$123
46 years$2,589$1,503$835$448$235$109
47 years$2,505$1,434$784$414$213$97
48 years$2,425$1,369$737$382$194$87
49 years$2,348$1,308$692$353$176$77
50 years$2,275$1,249$651$327$160$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,330,000, adding $5,935 every year, while hoping to spend $52,391 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: 36/39/25 Blend
49$2,330,000$2,330,000$2,330,000$2,330,000
50$2,573,782$2,450,292$2,414,177$2,646,880
51$2,780,564$2,514,613$2,439,308$2,765,694
52$3,006,682$2,580,329$2,463,526$2,888,655
53$3,254,053$2,647,454$2,486,743$3,020,368
54$3,524,787$2,716,001$2,508,870$3,161,654
55$3,821,209$2,785,978$2,529,811$3,313,413
56$4,145,879$2,857,397$2,549,465$3,476,640
57$4,501,614$2,930,265$2,567,728$3,652,429
58$4,891,519$3,004,589$2,584,487$3,841,984
59$5,319,012$3,080,372$2,599,626$4,046,635
60$5,787,860$3,157,619$2,613,022$4,267,844
61$6,302,209$3,236,329$2,624,545$4,507,224
62$6,866,627$3,316,502$2,634,060$4,766,552
63$7,486,146$3,398,134$2,641,424$5,047,785
64$8,166,308$3,481,217$2,646,487$5,353,081
65$8,913,218$3,565,744$2,649,092$5,684,818
66$9,733,603$3,651,702$2,649,073$6,045,616
67$10,634,871$3,739,077$2,646,257$6,438,365
68$11,625,185$3,827,848$2,640,464$6,866,248
69$12,713,535$3,917,994$2,631,501$7,332,773
70$13,909,828$4,009,488$2,619,169$7,841,808
71$15,224,978$4,102,301$2,603,258$8,397,618
72$16,671,009$4,196,396$2,583,550$9,004,899
73$18,261,166$4,291,734$2,559,813$9,668,834
74$20,010,046$4,388,269$2,531,808$10,395,130
75$21,933,727$4,485,952$2,499,280$11,190,082
76$24,049,928$4,584,724$2,461,967$12,060,626
77$26,378,169$4,684,524$2,419,591$13,014,411
78$28,939,958$4,785,281$2,371,863$14,059,865
79$31,758,992$4,886,918$2,318,479$15,206,280
80$34,861,383$4,989,351$2,259,122$16,463,900
81$38,275,902$5,092,487$2,193,460$17,844,013
82$42,034,249$5,196,224$2,121,146$19,359,067
83$46,171,356$5,300,452$2,041,818$21,022,778
84$50,725,710$5,405,050$1,955,094$22,850,271
85$55,739,721$5,509,887$1,860,579$24,858,213
86$61,260,122$5,614,820$1,757,857$27,064,978
87$67,338,404$5,719,696$1,646,496$29,490,821
88$74,031,308$5,824,348$1,526,040$32,158,066
89$81,401,357$5,928,596$1,396,018$35,091,321
90$89,517,445$6,032,247$1,255,933$38,317,712
91$98,455,487$6,135,090$1,105,270$41,867,136
92$108,299,139$6,236,902$943,489$45,772,552
93$119,140,581$6,337,439$770,025$50,070,283
94$131,081,390$6,436,444$584,291$54,800,370
95$144,233,498$6,533,636$385,672$60,006,946
96$158,720,249$6,628,718$173,525$65,738,657
97$174,677,558$6,721,369$0$72,049,119
98$192,255,200$6,811,248$0$79,011,535
99$211,618,219$6,897,987$0$86,727,253
100$232,948,484$6,981,195$0$95,221,926