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

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$193,235$191,514$189,834$188,195$186,595$185,809
2 years$95,661$93,879$92,153$90,479$88,855$88,061
3 years$63,140$61,351$59,629$57,970$56,373$55,596
4 years$46,883$45,100$43,395$41,764$40,206$39,452
5 years$37,132$35,359$33,676$32,079$30,564$29,835
6 years$30,633$28,873$27,215$25,654$24,184$23,482
7 years$25,992$24,247$22,616$21,092$19,668$18,992
8 years$22,514$20,785$19,180$17,693$16,317$15,668
9 years$19,810$18,097$16,520$15,071$13,741$13,118
10 years$17,647$15,951$14,402$12,991$11,708$11,112
11 years$15,880$14,201$12,680$11,306$10,069$9,499
12 years$14,408$12,746$11,253$9,917$8,726$8,181
13 years$13,163$11,518$10,054$8,755$7,609$7,089
14 years$12,097$10,470$9,033$7,772$6,670$6,174
15 years$11,174$9,564$8,156$6,931$5,873$5,401
16 years$10,367$8,775$7,394$6,206$5,190$4,741
17 years$9,656$8,082$6,729$5,576$4,602$4,175
18 years$9,024$7,468$6,142$5,025$4,092$3,687
19 years$8,460$6,921$5,623$4,541$3,647$3,263
20 years$7,953$6,431$5,161$4,112$3,258$2,894
21 years$7,495$5,991$4,747$3,732$2,915$2,571
22 years$7,078$5,592$4,375$3,394$2,613$2,288
23 years$6,699$5,230$4,039$3,091$2,346$2,039
24 years$6,352$4,900$3,736$2,819$2,108$1,819
25 years$6,033$4,599$3,460$2,574$1,897$1,624
26 years$5,739$4,322$3,209$2,354$1,709$1,452
27 years$5,467$4,067$2,980$2,154$1,541$1,299
28 years$5,215$3,833$2,770$1,974$1,390$1,163
29 years$4,981$3,616$2,578$1,810$1,255$1,042
30 years$4,763$3,415$2,401$1,661$1,134$934
31 years$4,560$3,228$2,239$1,526$1,026$837
32 years$4,369$3,054$2,089$1,402$928$751
33 years$4,191$2,893$1,950$1,289$840$674
34 years$4,023$2,741$1,822$1,186$760$606
35 years$3,865$2,600$1,704$1,092$688$544
36 years$3,716$2,468$1,594$1,006$624$489
37 years$3,576$2,344$1,492$927$565$439
38 years$3,444$2,228$1,397$854$513$395
39 years$3,318$2,118$1,309$788$465$355
40 years$3,199$2,015$1,227$726$422$319
41 years$3,086$1,918$1,150$670$382$287
42 years$2,979$1,827$1,079$619$347$258
43 years$2,877$1,741$1,012$571$315$233
44 years$2,780$1,659$950$527$286$209
45 years$2,688$1,582$892$487$260$188
46 years$2,600$1,510$838$450$236$170
47 years$2,516$1,441$787$416$214$153
48 years$2,435$1,375$740$384$194$137
49 years$2,358$1,313$695$355$177$124
50 years$2,285$1,254$654$328$160$111

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 $4,196 every year, while hoping to spend $20,392 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: 36/47/17 Blend
49$2,340,000$2,340,000$2,340,000$2,340,000
50$2,583,008$2,458,988$2,422,718$2,662,462
51$2,824,778$2,557,782$2,482,182$2,819,236
52$3,090,525$2,660,733$2,542,955$2,986,143
53$3,382,673$2,768,023$2,605,059$3,165,899
54$3,703,893$2,879,844$2,668,516$3,359,661
55$4,057,128$2,996,393$2,733,348$3,568,699
56$4,445,619$3,117,880$2,799,579$3,794,404
57$4,872,937$3,244,522$2,867,230$4,038,307
58$5,343,019$3,376,546$2,936,325$4,302,083
59$5,860,200$3,514,190$3,006,885$4,587,574
60$6,429,258$3,657,702$3,078,933$4,896,802
61$7,055,456$3,807,343$3,152,491$5,231,988
62$7,744,594$3,963,385$3,227,581$5,595,570
63$8,503,063$4,126,111$3,304,225$5,990,228
64$9,337,904$4,295,819$3,382,446$6,418,905
65$10,256,876$4,472,820$3,462,264$6,884,837
66$11,268,529$4,657,440$3,543,700$7,391,580
67$12,382,281$4,850,017$3,626,777$7,943,041
68$13,608,514$5,050,908$3,711,514$8,543,519
69$14,958,664$5,260,484$3,797,932$9,197,737
70$16,445,336$5,479,136$3,886,050$9,910,891
71$18,082,416$5,707,269$3,975,888$10,688,695
72$19,885,207$5,945,310$4,067,465$11,537,432
73$21,870,572$6,193,704$4,160,799$12,464,016
74$24,057,092$6,452,917$4,255,908$13,476,051
75$26,465,242$6,723,437$4,352,808$14,581,903
76$29,117,585$7,005,774$4,451,515$15,790,777
77$32,038,983$7,300,461$4,552,045$17,112,803
78$35,256,833$7,608,057$4,654,412$18,559,128
79$38,801,324$7,929,146$4,758,629$20,142,019
80$42,705,725$8,264,340$4,864,709$21,874,978
81$47,006,695$8,614,278$4,972,663$23,772,866
82$51,744,630$8,979,631$5,082,500$25,852,041
83$56,964,048$9,361,098$5,194,229$28,130,510
84$62,714,002$9,759,413$5,307,857$30,628,098
85$69,048,550$10,175,344$5,423,389$33,366,629
86$76,027,259$10,609,694$5,540,831$36,370,132
87$83,715,774$11,063,303$5,660,183$39,665,064
88$92,186,430$11,537,051$5,781,445$43,280,557
89$101,518,939$12,031,860$5,904,617$47,248,687
90$111,801,143$12,548,694$6,029,694$51,604,779
91$123,129,841$13,088,561$6,156,671$56,387,730
92$135,611,704$13,652,519$6,285,538$61,640,379
93$149,364,279$14,241,674$6,416,284$67,409,902
94$164,517,102$14,857,183$6,548,897$73,748,258
95$181,212,919$15,500,258$6,683,358$80,712,672
96$199,609,035$16,172,169$6,819,649$88,366,172
97$219,878,795$16,874,243$6,957,745$96,778,179
98$242,213,225$17,607,874$7,097,622$106,025,157
99$266,822,830$18,374,515$7,239,249$116,191,332
100$293,939,586$19,175,694$7,382,591$127,369,480