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%12.2%
1 years$193,235$191,514$189,834$188,195$186,595$184,877
2 years$95,661$93,879$92,153$90,479$88,855$87,124
3 years$63,140$61,351$59,629$57,970$56,373$54,683
4 years$46,883$45,100$43,395$41,764$40,206$38,569
5 years$37,132$35,359$33,676$32,079$30,564$28,986
6 years$30,633$28,873$27,215$25,654$24,184$22,667
7 years$25,992$24,247$22,616$21,092$19,668$18,212
8 years$22,514$20,785$19,180$17,693$16,317$14,922
9 years$19,810$18,097$16,520$15,071$13,741$12,407
10 years$17,647$15,951$14,402$12,991$11,708$10,434
11 years$15,880$14,201$12,680$11,306$10,069$8,854
12 years$14,408$12,746$11,253$9,917$8,726$7,568
13 years$13,163$11,518$10,054$8,755$7,609$6,508
14 years$12,097$10,470$9,033$7,772$6,670$5,624
15 years$11,174$9,564$8,156$6,931$5,873$4,880
16 years$10,367$8,775$7,394$6,206$5,190$4,249
17 years$9,656$8,082$6,729$5,576$4,602$3,711
18 years$9,024$7,468$6,142$5,025$4,092$3,250
19 years$8,460$6,921$5,623$4,541$3,647$2,852
20 years$7,953$6,431$5,161$4,112$3,258$2,507
21 years$7,495$5,991$4,747$3,732$2,915$2,208
22 years$7,078$5,592$4,375$3,394$2,613$1,947
23 years$6,699$5,230$4,039$3,091$2,346$1,719
24 years$6,352$4,900$3,736$2,819$2,108$1,520
25 years$6,033$4,599$3,460$2,574$1,897$1,345
26 years$5,739$4,322$3,209$2,354$1,709$1,191
27 years$5,467$4,067$2,980$2,154$1,541$1,055
28 years$5,215$3,833$2,770$1,974$1,390$936
29 years$4,981$3,616$2,578$1,810$1,255$830
30 years$4,763$3,415$2,401$1,661$1,134$737
31 years$4,560$3,228$2,239$1,526$1,026$654
32 years$4,369$3,054$2,089$1,402$928$581
33 years$4,191$2,893$1,950$1,289$840$517
34 years$4,023$2,741$1,822$1,186$760$459
35 years$3,865$2,600$1,704$1,092$688$409
36 years$3,716$2,468$1,594$1,006$624$363
37 years$3,576$2,344$1,492$927$565$323
38 years$3,444$2,228$1,397$854$513$288
39 years$3,318$2,118$1,309$788$465$256
40 years$3,199$2,015$1,227$726$422$228
41 years$3,086$1,918$1,150$670$382$203
42 years$2,979$1,827$1,079$619$347$181
43 years$2,877$1,741$1,012$571$315$161
44 years$2,780$1,659$950$527$286$143
45 years$2,688$1,582$892$487$260$128
46 years$2,600$1,510$838$450$236$114
47 years$2,516$1,441$787$416$214$101
48 years$2,435$1,375$740$384$194$90
49 years$2,358$1,313$695$355$177$80
50 years$2,285$1,254$654$328$160$72

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 $2,467 every year, while hoping to spend $34,912 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: 75/19/6 Blend
49$2,340,000$2,340,000$2,340,000$2,340,000
50$2,581,225$2,457,205$2,420,935$2,773,026
51$2,807,364$2,540,462$2,464,890$2,982,735
52$3,055,398$2,626,628$2,509,148$3,207,757
53$3,327,526$2,715,810$2,553,681$3,453,313
54$3,626,165$2,808,116$2,598,461$3,721,422
55$3,953,982$2,903,662$2,643,457$4,014,309
56$4,313,911$3,002,564$2,688,636$4,334,420
57$4,709,187$3,104,946$2,733,962$4,684,452
58$5,143,371$3,210,936$2,779,397$5,067,371
59$5,620,388$3,320,665$2,824,900$5,486,445
60$6,144,562$3,434,272$2,870,428$5,945,273
61$6,720,654$3,551,898$2,915,934$6,447,815
62$7,353,912$3,673,692$2,961,369$6,998,435
63$8,050,116$3,799,809$3,006,681$7,601,938
64$8,815,636$3,930,407$3,051,813$8,263,618
65$9,657,488$4,065,654$3,096,705$8,989,302
66$10,583,402$4,205,721$3,141,295$9,785,410
67$11,601,896$4,350,789$3,185,516$10,659,015
68$12,722,355$4,501,043$3,229,296$11,617,905
69$13,955,118$4,656,677$3,272,560$12,670,660
70$15,311,578$4,817,892$3,315,229$13,826,731
71$16,804,288$4,984,897$3,357,218$15,096,531
72$18,447,078$5,157,910$3,398,437$16,491,527
73$20,255,189$5,337,156$3,438,794$18,024,356
74$22,245,411$5,522,871$3,478,187$19,708,936
75$24,436,249$5,715,297$3,516,512$21,560,602
76$26,848,089$5,914,689$3,553,658$23,596,248
77$29,503,396$6,121,311$3,589,507$25,834,487
78$32,426,924$6,335,437$3,623,937$28,295,825
79$35,645,948$6,557,351$3,656,817$31,002,855
80$39,190,524$6,787,350$3,688,009$33,980,467
81$43,093,771$7,025,744$3,717,371$37,256,088
82$47,392,182$7,272,852$3,744,749$40,859,934
83$52,125,970$7,529,007$3,769,984$44,825,298
84$57,339,448$7,794,558$3,792,908$49,188,864
85$63,081,445$8,069,864$3,813,343$53,991,048
86$69,405,767$8,355,302$3,831,104$59,276,387
87$76,371,705$8,651,261$3,845,996$65,093,950
88$84,044,595$8,958,149$3,857,813$71,497,806
89$92,496,433$9,276,388$3,866,340$78,547,531
90$101,806,557$9,606,419$3,871,349$86,308,772
91$112,062,391$9,948,698$3,872,605$94,853,860
92$123,360,274$10,303,704$3,869,857$104,262,502
93$135,806,369$10,671,932$3,862,843$114,622,522
94$149,517,660$11,053,899$3,851,290$126,030,696
95$164,623,063$11,450,141$3,834,910$138,593,661
96$181,264,637$11,861,220$3,813,402$152,428,923
97$199,598,927$12,287,717$3,786,448$167,665,962
98$219,798,442$12,730,239$3,753,718$184,447,459
99$242,053,281$13,189,419$3,714,865$202,930,634
100$266,572,928$13,665,913$3,669,526$223,288,736