Can I retire at age 50 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$193,235$191,514$189,834$188,195$186,595$182,902
2 years$95,661$93,879$92,153$90,479$88,855$85,150
3 years$63,140$61,351$59,629$57,970$56,373$52,772
4 years$46,883$45,100$43,395$41,764$40,206$36,736
5 years$37,132$35,359$33,676$32,079$30,564$27,235
6 years$30,633$28,873$27,215$25,654$24,184$21,000
7 years$25,992$24,247$22,616$21,092$19,668$16,629
8 years$22,514$20,785$19,180$17,693$16,317$13,423
9 years$19,810$18,097$16,520$15,071$13,741$10,990
10 years$17,647$15,951$14,402$12,991$11,708$9,097
11 years$15,880$14,201$12,680$11,306$10,069$7,595
12 years$14,408$12,746$11,253$9,917$8,726$6,385
13 years$13,163$11,518$10,054$8,755$7,609$5,398
14 years$12,097$10,470$9,033$7,772$6,670$4,584
15 years$11,174$9,564$8,156$6,931$5,873$3,908
16 years$10,367$8,775$7,394$6,206$5,190$3,342
17 years$9,656$8,082$6,729$5,576$4,602$2,865
18 years$9,024$7,468$6,142$5,025$4,092$2,462
19 years$8,460$6,921$5,623$4,541$3,647$2,120
20 years$7,953$6,431$5,161$4,112$3,258$1,828
21 years$7,495$5,991$4,747$3,732$2,915$1,579
22 years$7,078$5,592$4,375$3,394$2,613$1,365
23 years$6,699$5,230$4,039$3,091$2,346$1,181
24 years$6,352$4,900$3,736$2,819$2,108$1,023
25 years$6,033$4,599$3,460$2,574$1,897$887
26 years$5,739$4,322$3,209$2,354$1,709$769
27 years$5,467$4,067$2,980$2,154$1,541$668
28 years$5,215$3,833$2,770$1,974$1,390$580
29 years$4,981$3,616$2,578$1,810$1,255$504
30 years$4,763$3,415$2,401$1,661$1,134$438
31 years$4,560$3,228$2,239$1,526$1,026$380
32 years$4,369$3,054$2,089$1,402$928$331
33 years$4,191$2,893$1,950$1,289$840$288
34 years$4,023$2,741$1,822$1,186$760$250
35 years$3,865$2,600$1,704$1,092$688$218
36 years$3,716$2,468$1,594$1,006$624$189
37 years$3,576$2,344$1,492$927$565$165
38 years$3,444$2,228$1,397$854$513$144
39 years$3,318$2,118$1,309$788$465$125
40 years$3,199$2,015$1,227$726$422$109
41 years$3,086$1,918$1,150$670$382$95
42 years$2,979$1,827$1,079$619$347$82
43 years$2,877$1,741$1,012$571$315$72
44 years$2,780$1,659$950$527$286$63
45 years$2,688$1,582$892$487$260$54
46 years$2,600$1,510$838$450$236$47
47 years$2,516$1,441$787$416$214$41
48 years$2,435$1,375$740$384$194$36
49 years$2,358$1,313$695$355$177$31
50 years$2,285$1,254$654$328$160$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,340,000, adding $4,193 every year, while hoping to spend $51,992 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: 42/45/13 Blend
49$2,340,000$2,340,000$2,340,000$2,340,000
50$2,583,005$2,458,985$2,422,715$2,681,486
51$2,791,153$2,524,156$2,448,557$2,816,191
52$3,018,788$2,590,778$2,473,522$2,956,474
53$3,267,846$2,658,867$2,497,526$3,107,239
54$3,540,453$2,728,439$2,520,480$3,269,466
55$3,838,953$2,799,507$2,542,290$3,444,234
56$4,165,928$2,872,084$2,562,859$3,632,732
57$4,524,220$2,946,183$2,582,081$3,836,265
58$4,916,958$3,021,814$2,599,849$4,056,274
59$5,347,591$3,098,986$2,616,047$4,294,343
60$5,819,915$3,177,706$2,630,554$4,552,217
61$6,338,112$3,257,979$2,643,243$4,831,817
62$6,906,789$3,339,810$2,653,982$5,135,259
63$7,531,021$3,423,199$2,662,629$5,464,874
64$8,216,395$3,508,147$2,669,038$5,823,228
65$8,969,070$3,594,648$2,673,053$6,213,150
66$9,795,828$3,682,699$2,674,513$6,637,753
67$10,704,140$3,772,289$2,673,247$7,100,469
68$11,702,238$3,863,407$2,669,077$7,605,079
69$12,799,190$3,956,037$2,661,814$8,155,747
70$14,004,986$4,050,161$2,651,263$8,757,062
71$15,330,631$4,145,756$2,637,217$9,414,080
72$16,788,252$4,242,795$2,619,461$10,132,371
73$18,391,208$4,341,246$2,597,767$10,918,074
74$20,154,219$4,441,074$2,571,899$11,777,953
75$22,093,500$4,542,238$2,541,609$12,719,460
76$24,226,919$4,644,690$2,506,635$13,750,810
77$26,574,164$4,748,379$2,466,706$14,881,052
78$29,156,925$4,853,245$2,421,537$16,120,161
79$31,999,101$4,959,225$2,370,829$17,479,127
80$35,127,027$5,066,244$2,314,269$18,970,064
81$38,569,718$5,174,224$2,251,531$20,606,318
82$42,359,145$5,283,077$2,182,274$22,402,601
83$46,530,536$5,392,706$2,106,138$24,375,125
84$51,122,708$5,503,006$2,022,751$26,541,755
85$56,178,432$5,613,861$1,931,721$28,922,181
86$61,744,838$5,725,146$1,832,639$31,538,102
87$67,873,858$5,836,725$1,725,079$34,413,435
88$74,622,716$5,948,449$1,608,594$37,574,534
89$82,054,468$6,060,157$1,482,716$41,050,446
90$90,238,596$6,171,677$1,346,959$44,873,183
91$99,251,664$6,282,821$1,200,814$49,078,025
92$109,178,040$6,393,385$1,043,747$53,703,856
93$120,110,691$6,503,152$875,204$58,793,525
94$132,152,063$6,611,888$694,604$64,394,262
95$145,415,041$6,719,338$501,342$70,558,113
96$160,024,023$6,825,234$294,785$77,342,442
97$176,116,086$6,929,282$74,272$84,810,469
98$193,842,282$7,031,172$0$93,031,866
99$213,369,063$7,130,568$0$102,105,762
100$234,879,855$7,227,114$0$112,106,888