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%14.9%
1 years$194,061$192,332$190,646$189,000$187,392$183,609
2 years$96,070$94,280$92,546$90,865$89,234$85,439
3 years$63,410$61,613$59,884$58,218$56,614$52,925
4 years$47,084$45,292$43,580$41,943$40,378$36,824
5 years$37,290$35,510$33,820$32,216$30,694$27,286
6 years$30,764$28,996$27,331$25,764$24,287$21,028
7 years$26,103$24,351$22,713$21,182$19,752$16,642
8 years$22,610$20,873$19,262$17,769$16,386$13,425
9 years$19,894$18,174$16,590$15,135$13,800$10,985
10 years$17,723$16,020$14,464$13,047$11,758$9,087
11 years$15,948$14,261$12,734$11,354$10,112$7,582
12 years$14,469$12,800$11,301$9,959$8,763$6,370
13 years$13,219$11,568$10,097$8,793$7,642$5,382
14 years$12,149$10,515$9,072$7,805$6,699$4,567
15 years$11,222$9,605$8,191$6,961$5,898$3,891
16 years$10,411$8,813$7,426$6,233$5,213$3,325
17 years$9,697$8,116$6,757$5,600$4,622$2,849
18 years$9,063$7,500$6,169$5,047$4,110$2,446
19 years$8,496$6,951$5,647$4,560$3,663$2,105
20 years$7,987$6,459$5,183$4,130$3,272$1,814
21 years$7,527$6,016$4,767$3,748$2,928$1,565
22 years$7,109$5,616$4,394$3,408$2,624$1,352
23 years$6,728$5,252$4,057$3,104$2,356$1,169
24 years$6,379$4,921$3,752$2,831$2,117$1,012
25 years$6,059$4,618$3,475$2,585$1,905$877
26 years$5,763$4,340$3,223$2,364$1,716$760
27 years$5,491$4,085$2,993$2,164$1,547$659
28 years$5,238$3,849$2,782$1,982$1,396$572
29 years$5,003$3,631$2,589$1,818$1,261$496
30 years$4,784$3,429$2,411$1,668$1,139$431
31 years$4,579$3,242$2,248$1,532$1,030$374
32 years$4,388$3,067$2,098$1,408$932$325
33 years$4,209$2,905$1,958$1,295$843$282
34 years$4,040$2,753$1,830$1,191$763$246
35 years$3,882$2,611$1,711$1,097$691$213
36 years$3,732$2,479$1,600$1,010$626$186
37 years$3,591$2,354$1,498$931$568$161
38 years$3,458$2,237$1,403$858$515$140
39 years$3,332$2,127$1,314$791$467$122
40 years$3,213$2,024$1,232$730$423$106
41 years$3,100$1,927$1,155$673$384$92
42 years$2,992$1,835$1,084$621$349$80
43 years$2,890$1,748$1,017$573$316$70
44 years$2,792$1,666$954$529$287$61
45 years$2,699$1,589$896$489$261$53
46 years$2,611$1,516$842$452$237$46
47 years$2,526$1,447$791$417$215$40
48 years$2,446$1,381$743$386$195$35
49 years$2,368$1,319$698$356$177$30
50 years$2,294$1,260$657$329$161$26

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 $2,201 every year, while hoping to spend $28,835 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: 55/38/7 Blend
49$2,350,000$2,350,000$2,350,000$2,350,000
50$2,591,970$2,467,420$2,430,995$2,730,252
51$2,825,671$2,557,644$2,481,753$2,914,074
52$3,082,243$2,651,322$2,533,246$3,110,724
53$3,363,988$2,748,593$2,585,466$3,324,119
54$3,673,443$2,849,602$2,638,407$3,555,853
55$4,013,402$2,954,500$2,692,061$3,807,680
56$4,386,942$3,063,444$2,746,419$4,081,527
57$4,797,455$3,176,598$2,801,469$4,379,513
58$5,248,677$3,294,132$2,857,199$4,703,972
59$5,744,722$3,416,225$2,913,595$5,057,466
60$6,290,125$3,543,061$2,970,642$5,442,817
61$6,889,882$3,674,835$3,028,323$5,863,128
62$7,549,496$3,811,748$3,086,617$6,321,815
63$8,275,031$3,954,011$3,145,506$6,822,636
64$9,073,169$4,101,842$3,204,965$7,369,726
65$9,951,270$4,255,470$3,264,970$7,967,635
66$10,917,446$4,415,135$3,325,492$8,621,373
67$11,980,633$4,581,084$3,386,504$9,336,454
68$13,150,678$4,753,577$3,447,972$10,118,946
69$14,438,430$4,932,885$3,509,862$10,975,532
70$15,855,844$5,119,290$3,572,136$11,913,567
71$17,416,091$5,313,087$3,634,754$12,941,148
72$19,133,687$5,514,583$3,697,673$14,067,194
73$21,024,625$5,724,098$3,760,846$15,301,521
74$23,106,525$5,941,968$3,824,223$16,654,941
75$25,398,808$6,168,541$3,887,751$18,139,358
76$27,922,868$6,404,182$3,951,374$19,767,882
77$30,702,285$6,649,271$4,015,028$21,554,950
78$33,763,037$6,904,205$4,078,651$23,516,463
79$37,133,754$7,169,397$4,142,173$25,669,933
80$40,845,980$7,445,281$4,205,519$28,034,647
81$44,934,478$7,732,308$4,268,612$30,631,847
82$49,437,552$8,030,949$4,331,368$33,484,934
83$54,397,412$8,341,695$4,393,698$36,619,679
84$59,860,571$8,665,060$4,455,510$40,064,472
85$65,878,282$9,001,582$4,516,703$43,850,585
86$72,507,026$9,351,818$4,577,171$48,012,466
87$79,809,040$9,716,355$4,636,804$52,588,063
88$87,852,908$10,095,802$4,695,483$57,619,180
89$96,714,206$10,490,798$4,753,083$63,151,867
90$106,476,216$10,902,008$4,809,472$69,236,860
91$117,230,712$11,330,128$4,864,511$75,930,048
92$129,078,824$11,775,884$4,918,052$83,293,007
93$142,131,998$12,240,035$4,969,940$91,393,575
94$156,513,039$12,723,375$5,020,011$100,306,490
95$172,357,280$13,226,731$5,068,092$110,114,093
96$189,813,850$13,750,969$5,114,001$120,907,104
97$209,047,089$14,296,992$5,157,545$132,785,477
98$230,238,093$14,865,745$5,198,524$145,859,336
99$253,586,427$15,458,216$5,236,724$160,250,016
100$279,312,010$16,075,436$5,271,921$176,091,203