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

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$195,712$193,969$192,268$190,608$188,987$182,065
2 years$96,887$95,083$93,334$91,639$89,994$83,097
3 years$63,950$62,138$60,393$58,714$57,096$50,441
4 years$47,484$45,678$43,951$42,300$40,721$34,359
5 years$37,608$35,812$34,108$32,490$30,956$24,903
6 years$31,025$29,243$27,564$25,983$24,494$18,755
7 years$26,326$24,558$22,906$21,362$19,920$14,494
8 years$22,802$21,051$19,426$17,920$16,526$11,407
9 years$20,064$18,329$16,732$15,264$13,917$9,099
10 years$17,874$16,156$14,587$13,158$11,858$7,332
11 years$16,083$14,383$12,842$11,451$10,198$5,955
12 years$14,592$12,909$11,397$10,044$8,838$4,866
13 years$13,332$11,666$10,183$8,867$7,707$3,996
14 years$12,252$10,604$9,149$7,872$6,756$3,295
15 years$11,317$9,687$8,260$7,020$5,948$2,725
16 years$10,500$8,888$7,489$6,286$5,257$2,259
17 years$9,780$8,185$6,815$5,648$4,661$1,878
18 years$9,140$7,564$6,221$5,090$4,145$1,563
19 years$8,569$7,010$5,695$4,599$3,694$1,303
20 years$8,055$6,514$5,227$4,165$3,300$1,087
21 years$7,591$6,067$4,808$3,780$2,953$908
22 years$7,169$5,664$4,431$3,437$2,647$760
23 years$6,785$5,297$4,091$3,130$2,376$636
24 years$6,433$4,963$3,784$2,855$2,136$532
25 years$6,110$4,658$3,504$2,607$1,922$446
26 years$5,813$4,377$3,250$2,384$1,731$373
27 years$5,537$4,120$3,018$2,182$1,561$313
28 years$5,282$3,882$2,806$1,999$1,408$262
29 years$5,045$3,662$2,611$1,833$1,272$220
30 years$4,824$3,458$2,432$1,683$1,149$185
31 years$4,618$3,269$2,267$1,545$1,039$155
32 years$4,425$3,094$2,115$1,420$940$130
33 years$4,244$2,930$1,975$1,306$850$109
34 years$4,074$2,777$1,845$1,202$770$91
35 years$3,915$2,634$1,725$1,106$697$77
36 years$3,764$2,500$1,614$1,019$632$64
37 years$3,622$2,374$1,511$939$573$54
38 years$3,488$2,256$1,415$865$519$45
39 years$3,361$2,145$1,325$798$471$38
40 years$3,240$2,041$1,242$736$427$32
41 years$3,126$1,943$1,165$679$387$27
42 years$3,017$1,851$1,093$626$352$23
43 years$2,914$1,763$1,025$578$319$19
44 years$2,816$1,681$963$534$290$16
45 years$2,722$1,603$904$493$263$13
46 years$2,633$1,529$849$456$239$11
47 years$2,548$1,459$797$421$217$9
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 $3,267 every year, while hoping to spend $47,306 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: 51/43/6 Blend
49$2,370,000$2,370,000$2,370,000$2,370,000
50$2,615,110$2,489,500$2,452,765$2,744,526
51$2,831,518$2,561,152$2,484,599$2,904,479
52$3,068,414$2,634,730$2,515,915$3,072,869
53$3,327,838$2,710,278$2,546,644$3,254,776
54$3,612,036$2,787,840$2,576,715$3,451,478
55$3,923,483$2,867,463$2,606,054$3,664,383
56$4,264,902$2,949,193$2,634,581$3,895,037
57$4,639,295$3,033,075$2,662,211$4,145,143
58$5,049,965$3,119,159$2,688,858$4,416,573
59$5,500,555$3,207,490$2,714,428$4,711,390
60$5,995,072$3,298,118$2,738,822$5,031,864
61$6,537,934$3,391,091$2,761,937$5,380,491
62$7,134,006$3,486,457$2,783,665$5,760,022
63$7,788,647$3,584,266$2,803,890$6,173,484
64$8,507,762$3,684,567$2,822,493$6,624,210
65$9,297,853$3,787,411$2,839,346$7,115,870
66$10,166,086$3,892,846$2,854,316$7,652,505
67$11,120,354$4,000,922$2,867,263$8,238,565
68$12,169,353$4,111,691$2,878,039$8,878,951
69$13,322,664$4,225,200$2,886,490$9,579,062
70$14,590,841$4,341,501$2,892,454$10,344,841
71$15,985,515$4,460,642$2,895,759$11,182,836
72$17,519,497$4,582,674$2,896,226$12,100,260
73$19,206,905$4,707,643$2,893,669$13,105,056
74$21,063,291$4,835,600$2,887,888$14,205,977
75$23,105,793$4,966,590$2,878,679$15,412,662
76$25,353,292$5,100,662$2,865,823$16,735,730
77$27,826,594$5,237,861$2,849,094$18,186,883
78$30,548,622$5,378,231$2,828,254$19,779,008
79$33,544,633$5,521,816$2,803,052$21,526,305
80$36,842,459$5,668,658$2,773,228$23,444,420
81$40,472,766$5,818,799$2,738,508$25,550,589
82$44,469,344$5,972,276$2,698,604$27,863,802
83$48,869,427$6,129,127$2,653,216$30,404,984
84$53,714,040$6,289,386$2,602,031$33,197,189
85$59,048,392$6,453,086$2,544,719$36,265,819
86$64,922,296$6,620,255$2,480,935$39,638,863
87$71,390,645$6,790,922$2,410,321$43,347,160
88$78,513,922$6,965,109$2,332,498$47,424,693
89$86,358,779$7,142,836$2,247,074$51,908,905
90$94,998,659$7,324,120$2,153,635$56,841,055
91$104,514,493$7,508,972$2,051,752$62,266,606
92$114,995,459$7,697,399$1,940,974$68,235,655
93$126,539,829$7,889,405$1,820,830$74,803,405
94$139,255,892$8,084,987$1,690,828$82,030,684
95$153,262,978$8,284,136$1,550,455$89,984,523
96$168,692,580$8,486,836$1,399,174$98,738,786
97$185,689,600$8,693,068$1,236,423$108,374,864
98$204,413,713$8,902,802$1,061,617$118,982,451
99$225,040,874$9,116,002$874,144$130,660,383
100$247,764,980$9,332,623$673,364$143,517,573