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

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$194,887$193,151$191,457$189,804$188,190$187,397
2 years$96,479$94,682$92,940$91,252$89,614$88,814
3 years$63,680$61,876$60,139$58,466$56,855$56,072
4 years$47,284$45,485$43,765$42,121$40,549$39,789
5 years$37,449$35,661$33,964$32,353$30,825$30,090
6 years$30,895$29,120$27,448$25,873$24,391$23,683
7 years$26,215$24,455$22,809$21,272$19,836$19,155
8 years$22,706$20,962$19,344$17,844$16,456$15,801
9 years$19,979$18,251$16,661$15,199$13,858$13,231
10 years$17,798$16,088$14,525$13,102$11,808$11,207
11 years$16,015$14,322$12,788$11,403$10,155$9,580
12 years$14,531$12,855$11,349$10,002$8,800$8,251
13 years$13,275$11,617$10,140$8,830$7,674$7,149
14 years$12,200$10,559$9,110$7,838$6,727$6,227
15 years$11,269$9,646$8,226$6,990$5,923$5,447
16 years$10,456$8,850$7,458$6,259$5,235$4,782
17 years$9,738$8,151$6,786$5,624$4,642$4,211
18 years$9,102$7,532$6,195$5,068$4,127$3,718
19 years$8,532$6,980$5,671$4,580$3,679$3,291
20 years$8,021$6,486$5,205$4,148$3,286$2,919
21 years$7,559$6,042$4,787$3,764$2,940$2,593
22 years$7,139$5,640$4,412$3,423$2,636$2,307
23 years$6,756$5,275$4,074$3,117$2,366$2,056
24 years$6,406$4,942$3,768$2,843$2,127$1,834
25 years$6,084$4,638$3,490$2,596$1,914$1,638
26 years$5,788$4,359$3,236$2,374$1,724$1,464
27 years$5,514$4,102$3,005$2,173$1,554$1,310
28 years$5,260$3,866$2,794$1,991$1,402$1,173
29 years$5,024$3,647$2,600$1,826$1,266$1,050
30 years$4,804$3,444$2,422$1,675$1,144$942
31 years$4,599$3,256$2,258$1,539$1,034$844
32 years$4,407$3,080$2,106$1,414$936$758
33 years$4,226$2,917$1,967$1,300$847$680
34 years$4,057$2,765$1,838$1,197$767$611
35 years$3,898$2,622$1,718$1,101$694$549
36 years$3,748$2,489$1,607$1,014$629$493
37 years$3,607$2,364$1,504$935$570$443
38 years$3,473$2,247$1,409$862$517$398
39 years$3,346$2,136$1,320$794$469$358
40 years$3,226$2,033$1,237$733$425$322
41 years$3,113$1,935$1,160$676$386$290
42 years$3,005$1,843$1,088$624$350$261
43 years$2,902$1,756$1,021$576$318$235
44 years$2,804$1,674$958$532$288$211
45 years$2,711$1,596$900$491$262$190
46 years$2,622$1,522$845$454$238$171
47 years$2,537$1,453$794$419$216$154
48 years$2,456$1,387$746$387$196$139
49 years$2,378$1,324$701$358$178$125
50 years$2,304$1,265$659$331$162$112

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 $4,091 every year, while hoping to spend $57,216 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: 47/33/20 Blend
49$2,360,000$2,360,000$2,360,000$2,360,000
50$2,604,940$2,479,860$2,443,280$2,712,383
51$2,809,766$2,540,496$2,464,252$2,848,405
52$3,033,568$2,602,185$2,484,010$2,989,896
53$3,278,218$2,664,919$2,502,451$3,142,279
54$3,545,783$2,728,686$2,519,470$3,306,598
55$3,838,535$2,793,474$2,534,954$3,484,003
56$4,158,977$2,859,265$2,548,786$3,675,760
57$4,509,864$2,926,041$2,560,842$3,883,265
58$4,894,232$2,993,779$2,570,992$4,108,055
59$5,315,423$3,062,454$2,579,100$4,351,824
60$5,777,118$3,132,035$2,585,021$4,616,440
61$6,283,370$3,202,492$2,588,606$4,903,958
62$6,838,646$3,273,785$2,589,696$5,216,648
63$7,447,862$3,345,875$2,588,125$5,557,007
64$8,116,436$3,418,715$2,583,719$5,927,790
65$8,850,335$3,492,255$2,576,296$6,332,031
66$9,656,131$3,566,437$2,565,664$6,773,077
67$10,541,065$3,641,201$2,551,622$7,254,614
68$11,513,112$3,716,478$2,533,960$7,780,707
69$12,581,059$3,792,195$2,512,458$8,355,836
70$13,754,585$3,868,271$2,486,883$8,984,939
71$15,044,355$3,944,618$2,456,995$9,673,458
72$16,462,115$4,021,140$2,422,540$10,427,393
73$18,020,808$4,097,734$2,383,253$11,253,357
74$19,734,694$4,174,286$2,338,856$12,158,639
75$21,619,483$4,250,677$2,289,058$13,151,274
76$23,692,484$4,326,774$2,233,555$14,240,120
77$25,972,767$4,402,435$2,172,029$15,434,939
78$28,481,344$4,477,509$2,104,147$16,746,493
79$31,241,366$4,551,832$2,029,560$18,186,643
80$34,278,339$4,625,226$1,947,905$19,768,466
81$37,620,371$4,697,502$1,858,800$21,506,373
82$41,298,427$4,768,458$1,761,848$23,416,253
83$45,346,629$4,837,876$1,656,633$25,515,616
84$49,802,575$4,905,521$1,542,719$27,823,766
85$54,707,690$4,971,145$1,419,654$30,361,978
86$60,107,623$5,034,479$1,286,960$33,153,706
87$66,052,671$5,095,239$1,144,144$36,224,800
88$72,598,257$5,153,119$990,687$39,603,752
89$79,805,452$5,207,795$826,047$43,321,970
90$87,741,549$5,258,918$649,660$47,414,072
91$96,480,700$5,306,117$460,937$51,918,213
92$106,104,614$5,349,000$259,261$56,876,451
93$116,703,328$5,387,144$43,990$62,335,141
94$128,376,057$5,420,103$0$68,345,377
95$141,232,126$5,447,400$0$75,003,113
96$155,392,009$5,468,529$0$82,343,377
97$170,988,458$5,482,950$0$90,425,342
98$188,167,757$5,490,092$0$99,324,575
99$207,091,108$5,489,345$0$109,124,357
100$227,936,142$5,480,065$0$119,916,467