Can I retire at age 50 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$194,887$193,151$191,457$189,804$188,190$187,161
2 years$96,479$94,682$92,940$91,252$89,614$88,576
3 years$63,680$61,876$60,139$58,466$56,855$55,839
4 years$47,284$45,485$43,765$42,121$40,549$39,565
5 years$37,449$35,661$33,964$32,353$30,825$29,874
6 years$30,895$29,120$27,448$25,873$24,391$23,474
7 years$26,215$24,455$22,809$21,272$19,836$18,955
8 years$22,706$20,962$19,344$17,844$16,456$15,610
9 years$19,979$18,251$16,661$15,199$13,858$13,047
10 years$17,798$16,088$14,525$13,102$11,808$11,032
11 years$16,015$14,322$12,788$11,403$10,155$9,413
12 years$14,531$12,855$11,349$10,002$8,800$8,092
13 years$13,275$11,617$10,140$8,830$7,674$6,999
14 years$12,200$10,559$9,110$7,838$6,727$6,084
15 years$11,269$9,646$8,226$6,990$5,923$5,311
16 years$10,456$8,850$7,458$6,259$5,235$4,653
17 years$9,738$8,151$6,786$5,624$4,642$4,089
18 years$9,102$7,532$6,195$5,068$4,127$3,603
19 years$8,532$6,980$5,671$4,580$3,679$3,182
20 years$8,021$6,486$5,205$4,148$3,286$2,816
21 years$7,559$6,042$4,787$3,764$2,940$2,497
22 years$7,139$5,640$4,412$3,423$2,636$2,217
23 years$6,756$5,275$4,074$3,117$2,366$1,971
24 years$6,406$4,942$3,768$2,843$2,127$1,754
25 years$6,084$4,638$3,490$2,596$1,914$1,563
26 years$5,788$4,359$3,236$2,374$1,724$1,394
27 years$5,514$4,102$3,005$2,173$1,554$1,244
28 years$5,260$3,866$2,794$1,991$1,402$1,111
29 years$5,024$3,647$2,600$1,826$1,266$993
30 years$4,804$3,444$2,422$1,675$1,144$888
31 years$4,599$3,256$2,258$1,539$1,034$794
32 years$4,407$3,080$2,106$1,414$936$711
33 years$4,226$2,917$1,967$1,300$847$637
34 years$4,057$2,765$1,838$1,197$767$570
35 years$3,898$2,622$1,718$1,101$694$511
36 years$3,748$2,489$1,607$1,014$629$458
37 years$3,607$2,364$1,504$935$570$411
38 years$3,473$2,247$1,409$862$517$368
39 years$3,346$2,136$1,320$794$469$330
40 years$3,226$2,033$1,237$733$425$296
41 years$3,113$1,935$1,160$676$386$266
42 years$3,005$1,843$1,088$624$350$238
43 years$2,902$1,756$1,021$576$318$214
44 years$2,804$1,674$958$532$288$192
45 years$2,711$1,596$900$491$262$172
46 years$2,622$1,522$845$454$238$155
47 years$2,537$1,453$794$419$216$139
48 years$2,456$1,387$746$387$196$125
49 years$2,378$1,324$701$358$178$112
50 years$2,304$1,265$659$331$162$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,360,000, adding $4,133 every year, while hoping to spend $51,557 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: 61/9/30 Blend
49$2,360,000$2,360,000$2,360,000$2,360,000
50$2,604,983$2,479,903$2,443,323$2,742,475
51$2,815,835$2,546,562$2,470,318$2,903,410
52$3,046,466$2,614,760$2,496,490$3,073,130
53$3,298,839$2,684,516$2,521,755$3,257,337
54$3,575,116$2,755,852$2,546,029$3,457,457
55$3,877,676$2,828,787$2,569,219$3,675,065
56$4,209,141$2,903,340$2,591,230$3,911,896
57$4,572,397$2,979,528$2,611,961$4,169,859
58$4,970,625$3,057,368$2,631,305$4,451,062
59$5,407,325$3,136,875$2,649,149$4,757,824
60$5,886,353$3,218,063$2,665,377$5,092,703
61$6,411,958$3,300,946$2,679,865$5,458,517
62$6,988,819$3,385,533$2,692,481$5,858,372
63$7,622,089$3,471,834$2,703,089$6,295,692
64$8,317,445$3,559,857$2,711,546$6,774,249
65$9,081,142$3,649,607$2,717,700$7,298,201
66$9,920,068$3,741,088$2,721,393$7,872,130
67$10,841,813$3,834,299$2,722,457$8,501,087
68$11,854,738$3,929,240$2,720,720$9,190,637
69$12,968,053$4,025,905$2,715,996$9,946,916
70$14,191,907$4,124,287$2,708,094$10,776,685
71$15,537,479$4,224,374$2,696,813$11,687,396
72$17,017,087$4,326,153$2,681,941$12,687,262
73$18,644,300$4,429,605$2,663,256$13,785,335
74$20,434,070$4,534,707$2,640,526$14,991,591
75$22,402,870$4,641,432$2,613,509$16,317,028
76$24,568,850$4,749,750$2,581,949$17,773,763
77$26,952,008$4,859,623$2,545,580$19,375,154
78$29,574,378$4,971,010$2,504,122$21,135,923
79$32,460,238$5,083,863$2,457,284$23,072,294
80$35,636,338$5,198,128$2,404,758$25,202,149
81$39,132,152$5,313,744$2,346,225$27,545,199
82$42,980,158$5,430,643$2,281,350$30,123,163
83$47,216,141$5,548,752$2,209,782$32,959,983
84$51,879,532$5,667,986$2,131,155$36,082,044
85$57,013,781$5,788,253$2,045,085$39,518,426
86$62,666,763$5,909,454$1,951,172$43,301,179
87$68,891,233$6,031,478$1,848,996$47,465,625
88$75,745,321$6,154,202$1,738,120$52,050,694
89$83,293,083$6,277,497$1,618,086$57,099,291
90$91,605,101$6,401,218$1,488,415$62,658,703
91$100,759,152$6,525,209$1,348,608$68,781,042
92$110,840,943$6,649,301$1,198,144$75,523,745
93$121,944,913$6,773,311$1,036,476$82,950,111
94$134,175,131$6,897,041$863,035$91,129,902
95$147,646,275$7,020,276$677,226$100,140,002
96$162,484,711$7,142,785$478,430$110,065,144
97$178,829,692$7,264,322$265,997$120,998,711
98$196,834,663$7,384,617$39,251$133,043,619
99$216,668,719$7,503,383$0$146,313,291
100$238,518,191$7,620,312$0$160,997,618