Can I retire at age 50 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$194,061$192,332$190,646$189,000$187,392$183,011
2 years$96,070$94,280$92,546$90,865$89,234$84,845
3 years$63,410$61,613$59,884$58,218$56,614$52,354
4 years$47,084$45,292$43,580$41,943$40,378$36,280
5 years$37,290$35,510$33,820$32,216$30,694$26,770
6 years$30,764$28,996$27,331$25,764$24,287$20,540
7 years$26,103$24,351$22,713$21,182$19,752$16,183
8 years$22,610$20,873$19,262$17,769$16,386$12,994
9 years$19,894$18,174$16,590$15,135$13,800$10,582
10 years$17,723$16,020$14,464$13,047$11,758$8,710
11 years$15,948$14,261$12,734$11,354$10,112$7,231
12 years$14,469$12,800$11,301$9,959$8,763$6,043
13 years$13,219$11,568$10,097$8,793$7,642$5,078
14 years$12,149$10,515$9,072$7,805$6,699$4,286
15 years$11,222$9,605$8,191$6,961$5,898$3,631
16 years$10,411$8,813$7,426$6,233$5,213$3,086
17 years$9,697$8,116$6,757$5,600$4,622$2,629
18 years$9,063$7,500$6,169$5,047$4,110$2,244
19 years$8,496$6,951$5,647$4,560$3,663$1,919
20 years$7,987$6,459$5,183$4,130$3,272$1,644
21 years$7,527$6,016$4,767$3,748$2,928$1,410
22 years$7,109$5,616$4,394$3,408$2,624$1,210
23 years$6,728$5,252$4,057$3,104$2,356$1,040
24 years$6,379$4,921$3,752$2,831$2,117$895
25 years$6,059$4,618$3,475$2,585$1,905$770
26 years$5,763$4,340$3,223$2,364$1,716$663
27 years$5,491$4,085$2,993$2,164$1,547$571
28 years$5,238$3,849$2,782$1,982$1,396$493
29 years$5,003$3,631$2,589$1,818$1,261$425
30 years$4,784$3,429$2,411$1,668$1,139$366
31 years$4,579$3,242$2,248$1,532$1,030$316
32 years$4,388$3,067$2,098$1,408$932$273
33 years$4,209$2,905$1,958$1,295$843$235
34 years$4,040$2,753$1,830$1,191$763$203
35 years$3,882$2,611$1,711$1,097$691$176
36 years$3,732$2,479$1,600$1,010$626$152
37 years$3,591$2,354$1,498$931$568$131
38 years$3,458$2,237$1,403$858$515$113
39 years$3,332$2,127$1,314$791$467$98
40 years$3,213$2,024$1,232$730$423$84
41 years$3,100$1,927$1,155$673$384$73
42 years$2,992$1,835$1,084$621$349$63
43 years$2,890$1,748$1,017$573$316$54
44 years$2,792$1,666$954$529$287$47
45 years$2,699$1,589$896$489$261$41
46 years$2,611$1,516$842$452$237$35
47 years$2,526$1,447$791$417$215$30
48 years$2,446$1,381$743$386$195$26
49 years$2,368$1,319$698$356$177$23
50 years$2,294$1,260$657$329$161$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,350,000, adding $5,400 every year, while hoping to spend $29,049 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: 68/5/27 Blend
49$2,350,000$2,350,000$2,350,000$2,350,000
50$2,595,270$2,470,720$2,434,295$2,753,208
51$2,829,080$2,560,877$2,484,936$2,950,225
52$3,085,764$2,654,479$2,536,300$3,161,895
53$3,367,627$2,751,663$2,588,380$3,392,823
54$3,677,203$2,852,572$2,641,169$3,644,914
55$4,017,287$2,957,358$2,694,658$3,920,268
56$4,390,958$3,066,176$2,748,837$4,221,197
57$4,801,607$3,179,190$2,803,694$4,550,247
58$5,252,968$3,296,568$2,859,215$4,910,224
59$5,749,159$3,418,488$2,915,387$5,304,217
60$6,294,714$3,545,135$2,972,193$5,735,629
61$6,894,629$3,676,700$3,029,615$6,208,208
62$7,554,407$3,813,384$3,087,633$6,726,086
63$8,280,112$3,955,396$3,146,225$7,293,810
64$9,078,428$4,102,954$3,205,368$7,916,392
65$9,956,714$4,256,286$3,265,034$8,599,355
66$10,923,083$4,415,628$3,325,197$9,348,780
67$11,986,471$4,581,227$3,385,824$10,171,369
68$13,156,725$4,753,341$3,446,884$11,074,506
69$14,444,696$4,932,240$3,508,339$12,066,325
70$15,862,338$5,118,203$3,570,152$13,155,789
71$17,422,825$5,311,523$3,632,280$14,352,774
72$19,140,671$5,512,506$3,694,679$15,668,159
73$21,031,870$5,721,469$3,757,302$17,113,933
74$23,114,045$5,938,745$3,820,096$18,703,306
75$25,406,615$6,164,681$3,883,006$20,450,832
76$27,930,977$6,399,638$3,945,975$22,372,549
77$30,710,711$6,643,995$4,008,939$24,486,128
78$33,771,797$6,898,144$4,071,832$26,811,039
79$37,142,864$7,162,497$4,134,582$29,368,740
80$40,855,460$7,437,483$4,197,115$32,182,870
81$44,944,348$7,723,550$4,259,348$35,279,483
82$49,447,833$8,021,166$4,321,199$38,687,283
83$54,408,128$8,330,819$4,382,574$42,437,903
84$59,871,746$8,653,018$4,443,379$46,566,199
85$65,889,943$8,988,295$4,503,512$51,110,580
86$72,519,202$9,337,207$4,562,865$56,113,370
87$79,821,763$9,700,332$4,621,323$61,621,208
88$87,866,212$10,078,277$4,678,766$67,685,489
89$96,728,127$10,471,674$4,735,066$74,362,846
90$106,490,793$10,881,183$4,790,088$81,715,686
91$117,245,988$11,307,496$4,843,690$89,812,780
92$129,094,847$11,751,331$4,895,722$98,729,911
93$142,148,817$12,213,441$4,946,024$108,550,589
94$156,530,710$12,694,614$4,994,430$119,366,839
95$172,375,862$13,195,669$5,040,763$131,280,070
96$189,833,408$13,717,466$5,084,837$144,402,032
97$209,067,693$14,260,899$5,126,456$158,855,871
98$230,259,821$14,826,906$5,165,415$174,777,289
99$253,609,363$15,416,465$5,201,497$192,315,831
100$279,336,244$16,030,597$5,234,473$211,636,289