Can I retire at age 50 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$197,364$195,606$193,891$192,217$190,582$188,906
2 years$97,705$95,885$94,122$92,412$90,753$89,065
3 years$64,490$62,662$60,903$59,209$57,578$55,928
4 years$47,885$46,063$44,322$42,657$41,065$39,468
5 years$37,925$36,114$34,396$32,765$31,217$29,677
6 years$31,287$29,490$27,797$26,202$24,701$23,219
7 years$26,548$24,766$23,099$21,542$20,088$18,666
8 years$22,995$21,229$19,590$18,071$16,665$15,303
9 years$20,233$18,483$16,873$15,393$14,035$12,731
10 years$18,025$16,292$14,710$13,269$11,958$10,713
11 years$16,219$14,504$12,951$11,548$10,284$9,096
12 years$14,715$13,018$11,493$10,129$8,912$7,780
13 years$13,444$11,764$10,268$8,942$7,772$6,694
14 years$12,355$10,694$9,226$7,938$6,813$5,789
15 years$11,413$9,769$8,330$7,079$5,998$5,027
16 years$10,589$8,963$7,552$6,339$5,301$4,380
17 years$9,862$8,254$6,872$5,695$4,701$3,828
18 years$9,217$7,627$6,274$5,133$4,180$3,354
19 years$8,641$7,069$5,743$4,638$3,725$2,946
20 years$8,123$6,569$5,271$4,200$3,327$2,592
21 years$7,655$6,119$4,848$3,812$2,978$2,284
22 years$7,230$5,711$4,468$3,466$2,669$2,016
23 years$6,842$5,342$4,126$3,157$2,396$1,781
24 years$6,488$5,005$3,816$2,879$2,154$1,576
25 years$6,162$4,697$3,534$2,629$1,938$1,395
26 years$5,862$4,414$3,278$2,404$1,746$1,236
27 years$5,584$4,154$3,044$2,201$1,574$1,097
28 years$5,327$3,915$2,829$2,016$1,420$973
29 years$5,088$3,693$2,633$1,849$1,282$864
30 years$4,865$3,488$2,453$1,697$1,159$768
31 years$4,657$3,297$2,286$1,558$1,047$682
32 years$4,463$3,120$2,133$1,432$948$607
33 years$4,280$2,954$1,992$1,317$858$540
34 years$4,109$2,800$1,861$1,212$776$480
35 years$3,948$2,656$1,740$1,115$703$427
36 years$3,796$2,521$1,628$1,027$637$381
37 years$3,653$2,394$1,523$947$577$339
38 years$3,517$2,275$1,427$872$524$302
39 years$3,389$2,164$1,337$804$475$269
40 years$3,268$2,058$1,253$742$431$240
41 years$3,152$1,959$1,175$685$391$213
42 years$3,043$1,866$1,102$632$354$190
43 years$2,939$1,778$1,034$583$322$170
44 years$2,840$1,695$971$538$292$151
45 years$2,745$1,616$911$497$265$135
46 years$2,655$1,542$856$459$241$120
47 years$2,569$1,471$804$424$219$107
48 years$2,487$1,405$756$392$198$95
49 years$2,409$1,341$710$362$180$85
50 years$2,333$1,281$668$335$164$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,390,000, adding $2,465 every year, while hoping to spend $56,857 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: 68/24/8 Blend
49$2,390,000$2,390,000$2,390,000$2,390,000
50$2,636,323$2,509,653$2,472,608$2,811,607
51$2,844,732$2,572,130$2,494,945$2,990,640
52$3,072,494$2,635,764$2,516,124$3,179,246
53$3,321,522$2,700,549$2,536,048$3,383,980
54$3,593,923$2,766,482$2,554,611$3,606,410
55$3,892,017$2,833,554$2,571,705$3,848,265
56$4,218,360$2,901,755$2,587,214$4,111,447
57$4,575,764$2,971,073$2,601,018$4,398,051
58$4,967,329$3,041,492$2,612,988$4,710,384
59$5,396,465$3,112,994$2,622,992$5,050,989
60$5,866,931$3,185,558$2,630,889$5,422,663
61$6,382,866$3,259,157$2,636,531$5,828,491
62$6,948,827$3,333,765$2,639,764$6,271,868
63$7,569,836$3,409,348$2,640,425$6,756,535
64$8,251,423$3,485,870$2,638,343$7,286,614
65$8,999,680$3,563,289$2,633,339$7,866,644
66$9,821,317$3,641,561$2,625,226$8,501,628
67$10,723,728$3,720,633$2,613,807$9,197,075
68$11,715,054$3,800,450$2,598,875$9,959,058
69$12,804,266$3,880,949$2,580,215$10,794,264
70$14,001,248$3,962,062$2,557,599$11,710,065
71$15,316,888$4,043,715$2,530,790$12,714,581
72$16,763,179$4,125,826$2,499,540$13,816,759
73$18,353,336$4,208,305$2,463,588$15,026,458
74$20,101,920$4,291,055$2,422,662$16,354,542
75$22,024,970$4,373,971$2,376,475$17,812,981
76$24,140,160$4,456,938$2,324,730$19,414,965
77$26,466,961$4,539,834$2,267,114$21,175,030
78$29,026,829$4,622,523$2,203,299$23,109,191
79$31,843,400$4,704,861$2,132,945$25,235,099
80$34,942,720$4,786,693$2,055,692$27,572,201
81$38,353,487$4,867,850$1,971,166$30,141,929
82$42,107,320$4,948,152$1,878,978$32,967,901
83$46,239,060$5,027,404$1,778,717$36,076,142
84$50,787,096$5,105,400$1,669,956$39,495,333
85$55,793,729$5,181,914$1,552,249$43,257,079
86$61,305,569$5,256,707$1,425,129$47,396,210
87$67,373,974$5,329,522$1,288,108$51,951,106
88$74,055,536$5,400,086$1,140,677$56,964,064
89$81,412,615$5,468,104$982,303$62,481,698
90$89,513,923$5,533,262$812,431$68,555,372
91$98,435,177$5,595,226$630,482$75,241,694
92$108,259,810$5,653,637$435,848$82,603,047
93$119,079,759$5,708,114$227,897$90,708,175
94$130,996,333$5,758,250$5,970$99,632,840
95$144,121,166$5,803,611$0$109,460,529
96$158,577,273$5,843,736$0$120,302,958
97$174,500,209$5,878,134$0$132,243,637
98$192,039,348$5,906,280$0$145,393,862
99$211,359,293$5,927,619$0$159,876,838
100$232,641,428$5,941,560$0$175,828,338