Can I retire at age 50 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$198,190$196,424$194,702$193,021$191,379$186,601
2 years$98,114$96,286$94,516$92,799$91,133$86,350
3 years$64,759$62,924$61,158$59,457$57,819$53,179
4 years$48,086$46,256$44,507$42,835$41,237$36,777
5 years$38,084$36,265$34,539$32,902$31,347$27,080
6 years$31,418$29,613$27,913$26,312$24,804$20,733
7 years$26,659$24,869$23,196$21,632$20,172$16,298
8 years$23,091$21,318$19,672$18,147$16,735$13,056
9 years$20,318$18,561$16,943$15,457$14,093$10,606
10 years$18,100$16,360$14,772$13,324$12,008$8,709
11 years$16,287$14,565$13,005$11,596$10,327$7,211
12 years$14,777$13,072$11,541$10,171$8,950$6,011
13 years$13,500$11,814$10,311$8,980$7,804$5,038
14 years$12,407$10,738$9,265$7,971$6,841$4,241
15 years$11,460$9,810$8,365$7,109$6,023$3,582
16 years$10,633$9,000$7,584$6,365$5,324$3,035
17 years$9,904$8,289$6,901$5,719$4,720$2,578
18 years$9,256$7,659$6,300$5,154$4,197$2,195
19 years$8,677$7,099$5,767$4,657$3,741$1,871
20 years$8,157$6,596$5,293$4,218$3,341$1,598
21 years$7,687$6,144$4,868$3,828$2,990$1,366
22 years$7,260$5,735$4,487$3,481$2,680$1,170
23 years$6,871$5,364$4,143$3,170$2,406$1,002
24 years$6,515$5,026$3,832$2,891$2,163$859
25 years$6,188$4,717$3,549$2,640$1,946$737
26 years$5,886$4,433$3,291$2,414$1,753$633
27 years$5,607$4,172$3,056$2,210$1,580$543
28 years$5,349$3,931$2,841$2,025$1,426$467
29 years$5,109$3,708$2,644$1,857$1,288$401
30 years$4,885$3,502$2,463$1,704$1,163$345
31 years$4,677$3,311$2,296$1,565$1,052$297
32 years$4,481$3,133$2,142$1,438$951$255
33 years$4,298$2,967$2,000$1,323$861$220
34 years$4,126$2,812$1,869$1,217$780$189
35 years$3,964$2,667$1,747$1,120$706$163
36 years$3,812$2,531$1,634$1,032$640$140
37 years$3,668$2,404$1,530$951$580$120
38 years$3,532$2,285$1,433$876$526$104
39 years$3,403$2,173$1,342$808$477$89
40 years$3,281$2,067$1,258$745$432$77
41 years$3,165$1,968$1,180$687$392$66
42 years$3,056$1,874$1,107$634$356$57
43 years$2,951$1,785$1,038$586$323$49
44 years$2,852$1,702$975$541$293$42
45 years$2,757$1,623$915$499$266$36
46 years$2,666$1,548$860$461$242$31
47 years$2,580$1,477$808$426$219$27
48 years$2,498$1,410$759$394$199$23
49 years$2,419$1,347$713$364$181$20
50 years$2,343$1,287$671$336$164$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,400,000, adding $6,165 every year, while hoping to spend $47,797 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: 78/14/8 Blend
49$2,400,000$2,400,000$2,400,000$2,400,000
50$2,651,159$2,523,959$2,486,759$2,854,538
51$2,870,722$2,596,778$2,519,210$3,061,740
52$3,111,078$2,671,562$2,551,146$3,282,106
53$3,374,298$2,748,359$2,582,499$3,522,378
54$3,662,662$2,827,214$2,613,199$3,784,514
55$3,978,681$2,908,175$2,643,168$4,070,676
56$4,325,120$2,991,289$2,672,328$4,383,240
57$4,705,025$3,076,605$2,700,594$4,724,825
58$5,121,751$3,164,173$2,727,878$5,098,314
59$5,578,993$3,254,040$2,754,085$5,506,883
60$6,080,821$3,346,258$2,779,117$5,954,029
61$6,631,717$3,440,877$2,802,870$6,443,606
62$7,236,620$3,537,948$2,825,234$6,979,856
63$7,900,970$3,637,522$2,846,094$7,567,453
64$8,630,759$3,739,652$2,865,328$8,211,547
65$9,432,589$3,844,387$2,882,810$8,917,809
66$10,313,734$3,951,782$2,898,404$9,692,487
67$11,282,204$4,061,889$2,911,970$10,542,464
68$12,346,826$4,174,759$2,923,359$11,475,324
69$13,517,326$4,290,447$2,932,415$12,499,419
70$14,804,418$4,409,003$2,938,975$13,623,954
71$16,219,905$4,530,480$2,942,867$14,859,070
72$17,776,793$4,654,931$2,943,911$16,215,937
73$19,489,411$4,782,408$2,941,917$17,706,865
74$21,373,547$4,912,962$2,936,687$19,345,416
75$23,446,595$5,046,644$2,928,013$21,146,532
76$25,727,722$5,183,504$2,915,675$23,126,677
77$28,238,046$5,323,591$2,899,447$25,303,992
78$31,000,835$5,466,955$2,879,086$27,698,466
79$34,041,727$5,613,643$2,854,342$30,332,121
80$37,388,972$5,763,701$2,824,952$33,229,228
81$41,073,699$5,917,174$2,790,640$36,416,524
82$45,130,206$6,074,105$2,751,116$39,923,476
83$49,596,287$6,234,536$2,706,078$43,782,551
84$54,513,586$6,398,506$2,655,210$48,029,525
85$59,927,992$6,566,053$2,598,179$52,703,820
86$65,890,069$6,737,212$2,534,640$57,848,875
87$72,455,534$6,912,013$2,464,229$63,512,559
88$79,685,785$7,090,488$2,386,567$69,747,619
89$87,648,474$7,272,661$2,301,256$76,612,178
90$96,418,152$7,458,555$2,207,881$84,170,286
91$106,076,967$7,648,188$2,106,009$92,492,523
92$116,715,443$7,841,574$1,995,185$101,656,662
93$128,433,329$8,038,723$1,874,936$111,748,409
94$141,340,547$8,239,638$1,744,764$122,862,206
95$155,558,223$8,444,320$1,604,153$135,102,126
96$171,219,830$8,652,761$1,452,562$148,582,855
97$188,472,454$8,864,947$1,289,423$163,430,770
98$207,478,174$9,080,859$1,114,148$179,785,137
99$228,415,595$9,300,469$926,120$197,799,426
100$251,481,535$9,523,741$724,694$217,642,754