Can I retire at age 50 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$195,712$193,969$192,268$190,608$188,987$182,209
2 years$96,887$95,083$93,334$91,639$89,994$83,239
3 years$63,950$62,138$60,393$58,714$57,096$50,575
4 years$47,484$45,678$43,951$42,300$40,721$34,486
5 years$37,608$35,812$34,108$32,490$30,956$25,021
6 years$31,025$29,243$27,564$25,983$24,494$18,865
7 years$26,326$24,558$22,906$21,362$19,920$14,595
8 years$22,802$21,051$19,426$17,920$16,526$11,501
9 years$20,064$18,329$16,732$15,264$13,917$9,185
10 years$17,874$16,156$14,587$13,158$11,858$7,411
11 years$16,083$14,383$12,842$11,451$10,198$6,027
12 years$14,592$12,909$11,397$10,044$8,838$4,931
13 years$13,332$11,666$10,183$8,867$7,707$4,055
14 years$12,252$10,604$9,149$7,872$6,756$3,348
15 years$11,317$9,687$8,260$7,020$5,948$2,773
16 years$10,500$8,888$7,489$6,286$5,257$2,303
17 years$9,780$8,185$6,815$5,648$4,661$1,916
18 years$9,140$7,564$6,221$5,090$4,145$1,598
19 years$8,569$7,010$5,695$4,599$3,694$1,334
20 years$8,055$6,514$5,227$4,165$3,300$1,115
21 years$7,591$6,067$4,808$3,780$2,953$933
22 years$7,169$5,664$4,431$3,437$2,647$781
23 years$6,785$5,297$4,091$3,130$2,376$655
24 years$6,433$4,963$3,784$2,855$2,136$549
25 years$6,110$4,658$3,504$2,607$1,922$461
26 years$5,813$4,377$3,250$2,384$1,731$387
27 years$5,537$4,120$3,018$2,182$1,561$324
28 years$5,282$3,882$2,806$1,999$1,408$272
29 years$5,045$3,662$2,611$1,833$1,272$229
30 years$4,824$3,458$2,432$1,683$1,149$192
31 years$4,618$3,269$2,267$1,545$1,039$162
32 years$4,425$3,094$2,115$1,420$940$136
33 years$4,244$2,930$1,975$1,306$850$114
34 years$4,074$2,777$1,845$1,202$770$96
35 years$3,915$2,634$1,725$1,106$697$81
36 years$3,764$2,500$1,614$1,019$632$68
37 years$3,622$2,374$1,511$939$573$57
38 years$3,488$2,256$1,415$865$519$48
39 years$3,361$2,145$1,325$798$471$40
40 years$3,240$2,041$1,242$736$427$34
41 years$3,126$1,943$1,165$679$387$29
42 years$3,017$1,851$1,093$626$352$24
43 years$2,914$1,763$1,025$578$319$20
44 years$2,816$1,681$963$534$290$17
45 years$2,722$1,603$904$493$263$14
46 years$2,633$1,529$849$456$239$12
47 years$2,548$1,459$797$421$217$10
48 years$2,466$1,393$749$389$197$8
49 years$2,388$1,330$704$359$179$7
50 years$2,314$1,271$662$332$162$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,370,000, adding $6,561 every year, while hoping to spend $40,348 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: 53/41/6 Blend
49$2,370,000$2,370,000$2,370,000$2,370,000
50$2,618,508$2,492,898$2,456,163$2,753,327
51$2,842,665$2,572,120$2,495,514$2,924,547
52$3,088,335$2,653,871$2,534,832$3,105,734
53$3,357,668$2,738,234$2,574,071$3,301,864
54$3,653,034$2,825,291$2,613,187$3,514,353
55$3,977,044$2,915,130$2,652,128$3,744,760
56$4,332,571$3,007,841$2,690,844$3,994,801
57$4,722,783$3,103,515$2,729,277$4,266,360
58$5,151,168$3,202,248$2,767,369$4,561,513
59$5,621,568$3,304,139$2,805,056$4,882,542
60$6,138,216$3,409,290$2,842,273$5,231,959
61$6,705,774$3,517,805$2,878,949$5,612,529
62$7,329,379$3,629,793$2,915,010$6,027,293
63$8,014,689$3,745,367$2,950,377$6,479,601
64$8,767,939$3,864,642$2,984,966$6,973,137
65$9,595,997$3,987,737$3,018,691$7,511,960
66$10,506,429$4,114,777$3,051,457$8,100,537
67$11,507,572$4,245,888$3,083,168$8,743,784
68$12,608,611$4,381,203$3,113,721$9,447,118
69$13,819,664$4,520,856$3,143,005$10,216,500
70$15,151,881$4,664,990$3,170,907$11,058,495
71$16,617,547$4,813,748$3,197,307$11,980,334
72$18,230,196$4,967,281$3,222,076$12,989,978
73$20,004,741$5,125,744$3,245,081$14,096,196
74$21,957,615$5,289,295$3,266,181$15,308,646
75$24,106,922$5,458,101$3,285,229$16,637,963
76$26,472,612$5,632,332$3,302,068$18,095,864
77$29,076,666$5,812,164$3,316,535$19,695,253
78$31,943,305$5,997,779$3,328,457$21,450,343
79$35,099,217$6,189,364$3,337,655$23,376,792
80$38,573,809$6,387,115$3,343,938$25,491,848
81$42,399,485$6,591,231$3,347,108$27,814,510
82$46,611,951$6,801,921$3,346,955$30,365,710
83$51,250,552$7,019,397$3,343,260$33,168,506
84$56,358,642$7,243,881$3,335,793$36,248,300
85$61,983,994$7,475,602$3,324,313$39,633,079
86$68,179,251$7,714,795$3,308,566$43,353,674
87$75,002,419$7,961,705$3,288,288$47,444,055
88$82,517,420$8,216,583$3,263,200$51,941,646
89$90,794,692$8,479,690$3,233,012$56,887,682
90$99,911,851$8,751,295$3,197,418$62,327,591
91$109,954,427$9,031,676$3,156,099$68,311,430
92$121,016,670$9,321,120$3,108,720$74,894,349
93$133,202,439$9,619,923$3,054,930$82,137,113
94$146,626,181$9,928,393$2,994,364$90,106,678
95$161,414,014$10,246,847$2,926,638$98,876,814
96$177,704,913$10,575,611$2,851,349$108,528,809
97$195,652,023$10,915,026$2,768,079$119,152,229
98$215,424,107$11,265,439$2,676,387$130,845,765
99$237,207,133$11,627,214$2,575,814$143,718,161
100$261,206,037$12,000,723$2,465,879$157,889,242