Can I retire at age 50 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$196,538$194,788$193,080$191,412$189,785$183,857
2 years$97,296$95,484$93,728$92,025$90,374$84,454
3 years$64,220$62,400$60,648$58,961$57,337$51,611
4 years$47,685$45,871$44,136$42,478$40,893$35,406
5 years$37,766$35,963$34,252$32,627$31,086$25,852
6 years$31,156$29,367$27,680$26,092$24,597$19,620
7 years$26,437$24,662$23,003$21,452$20,004$15,284
8 years$22,899$21,140$19,508$17,996$16,596$12,129
9 years$20,148$18,406$16,802$15,328$13,976$9,758
10 years$17,949$16,224$14,649$13,213$11,908$7,933
11 years$16,151$14,443$12,896$11,499$10,241$6,502
12 years$14,654$12,964$11,445$10,086$8,875$5,363
13 years$13,388$11,715$10,226$8,905$7,739$4,446
14 years$12,304$10,649$9,188$7,905$6,784$3,701
15 years$11,365$9,728$8,295$7,050$5,973$3,092
16 years$10,544$8,925$7,521$6,312$5,279$2,590
17 years$9,821$8,220$6,844$5,671$4,681$2,174
18 years$9,179$7,595$6,247$5,111$4,162$1,829
19 years$8,605$7,039$5,719$4,618$3,710$1,541
20 years$8,089$6,541$5,249$4,183$3,314$1,300
21 years$7,623$6,093$4,828$3,796$2,965$1,098
22 years$7,199$5,688$4,450$3,452$2,658$928
23 years$6,814$5,319$4,108$3,143$2,386$785
24 years$6,460$4,984$3,800$2,867$2,145$665
25 years$6,136$4,677$3,519$2,618$1,930$563
26 years$5,837$4,396$3,264$2,394$1,738$477
27 years$5,561$4,137$3,031$2,191$1,567$404
28 years$5,305$3,898$2,818$2,008$1,414$343
29 years$5,066$3,678$2,622$1,841$1,277$291
30 years$4,845$3,473$2,442$1,690$1,154$247
31 years$4,638$3,283$2,277$1,552$1,043$209
32 years$4,444$3,107$2,124$1,426$944$178
33 years$4,262$2,942$1,983$1,311$854$151
34 years$4,092$2,788$1,853$1,207$773$128
35 years$3,931$2,645$1,733$1,111$700$109
36 years$3,780$2,510$1,621$1,023$634$92
37 years$3,637$2,384$1,517$943$575$78
38 years$3,502$2,266$1,421$869$521$67
39 years$3,375$2,155$1,331$801$473$57
40 years$3,254$2,050$1,248$739$429$48
41 years$3,139$1,951$1,170$682$389$41
42 years$3,030$1,858$1,097$629$353$35
43 years$2,926$1,771$1,030$581$320$29
44 years$2,828$1,688$967$536$291$25
45 years$2,734$1,609$908$495$264$21
46 years$2,644$1,535$852$457$240$18
47 years$2,559$1,465$801$423$218$15
48 years$2,477$1,399$753$391$198$13
49 years$2,399$1,336$707$361$180$11
50 years$2,324$1,276$665$334$163$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,380,000, adding $6,134 every year, while hoping to spend $20,344 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: 48/34/18 Blend
49$2,380,000$2,380,000$2,380,000$2,380,000
50$2,629,087$2,502,947$2,466,057$2,741,690
51$2,875,608$2,603,946$2,527,024$2,921,458
52$3,146,593$2,709,211$2,589,352$3,113,986
53$3,444,514$2,818,932$2,653,064$3,322,610
54$3,772,098$2,933,303$2,718,185$3,548,847
55$4,132,347$3,052,530$2,784,740$3,794,363
56$4,528,570$3,176,827$2,852,752$4,060,988
57$4,964,411$3,306,419$2,922,246$4,350,736
58$5,443,887$3,441,539$2,993,247$4,665,818
59$5,971,422$3,582,433$3,065,779$5,008,668
60$6,551,891$3,729,357$3,139,868$5,381,961
61$7,190,668$3,882,579$3,215,537$5,788,637
62$7,893,669$4,042,379$3,292,811$6,231,933
63$8,667,418$4,209,050$3,371,714$6,715,407
64$9,519,100$4,382,898$3,452,272$7,242,975
65$10,456,633$4,564,245$3,534,508$7,818,943
66$11,488,742$4,753,425$3,618,446$8,448,051
67$12,625,040$4,950,790$3,704,110$9,135,513
68$13,876,120$5,156,705$3,791,525$9,887,068
69$15,253,656$5,371,555$3,880,712$10,709,032
70$16,770,509$5,595,741$3,971,696$11,608,356
71$18,440,851$5,829,683$4,064,498$12,592,690
72$20,280,301$6,073,820$4,159,142$13,670,456
73$22,306,066$6,328,612$4,255,648$14,850,926
74$24,537,111$6,594,540$4,354,038$16,144,306
75$26,994,331$6,872,107$4,454,333$17,561,831
76$29,700,752$7,161,839$4,556,552$19,115,874
77$32,681,747$7,464,288$4,660,715$20,820,057
78$35,965,277$7,780,030$4,766,841$22,689,377
79$39,582,151$8,109,667$4,874,946$24,740,351
80$43,566,322$8,453,832$4,985,048$26,991,166
81$47,955,202$8,813,185$5,097,162$29,461,852
82$52,790,019$9,188,418$5,211,304$32,174,465
83$58,116,204$9,580,253$5,327,485$35,153,297
84$63,983,820$9,989,449$5,445,720$38,425,102
85$70,448,036$10,416,798$5,566,017$42,019,347
86$77,569,645$10,863,130$5,688,388$45,968,486
87$85,415,639$11,329,314$5,812,839$50,308,268
88$94,059,841$11,816,258$5,939,376$55,078,068
89$103,583,605$12,324,914$6,068,005$60,321,258
90$114,076,576$12,856,278$6,198,727$66,085,614
91$125,637,545$13,411,394$6,331,542$72,423,763
92$138,375,375$13,991,353$6,466,450$79,393,680
93$152,410,032$14,597,299$6,603,445$87,059,228
94$167,873,716$15,230,427$6,742,521$95,490,761
95$184,912,109$15,891,991$6,883,668$104,765,786
96$203,685,748$16,583,303$7,026,875$114,969,685
97$224,371,545$17,305,736$7,172,127$126,196,526
98$247,164,455$18,060,728$7,319,405$138,549,941
99$272,279,311$18,849,787$7,468,687$152,144,102
100$299,952,862$19,674,487$7,619,949$167,104,797