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%16.9%
1 years$198,190$196,424$194,702$193,021$191,379$185,999
2 years$98,114$96,286$94,516$92,799$91,133$85,753
3 years$64,759$62,924$61,158$59,457$57,819$52,608
4 years$48,086$46,256$44,507$42,835$41,237$36,235
5 years$38,084$36,265$34,539$32,902$31,347$26,569
6 years$31,418$29,613$27,913$26,312$24,804$20,253
7 years$26,659$24,869$23,196$21,632$20,172$15,849
8 years$23,091$21,318$19,672$18,147$16,735$12,637
9 years$20,318$18,561$16,943$15,457$14,093$10,216
10 years$18,100$16,360$14,772$13,324$12,008$8,347
11 years$16,287$14,565$13,005$11,596$10,327$6,876
12 years$14,777$13,072$11,541$10,171$8,950$5,702
13 years$13,500$11,814$10,311$8,980$7,804$4,753
14 years$12,407$10,738$9,265$7,971$6,841$3,979
15 years$11,460$9,810$8,365$7,109$6,023$3,342
16 years$10,633$9,000$7,584$6,365$5,324$2,816
17 years$9,904$8,289$6,901$5,719$4,720$2,378
18 years$9,256$7,659$6,300$5,154$4,197$2,012
19 years$8,677$7,099$5,767$4,657$3,741$1,706
20 years$8,157$6,596$5,293$4,218$3,341$1,448
21 years$7,687$6,144$4,868$3,828$2,990$1,230
22 years$7,260$5,735$4,487$3,481$2,680$1,046
23 years$6,871$5,364$4,143$3,170$2,406$891
24 years$6,515$5,026$3,832$2,891$2,163$759
25 years$6,188$4,717$3,549$2,640$1,946$647
26 years$5,886$4,433$3,291$2,414$1,753$552
27 years$5,607$4,172$3,056$2,210$1,580$471
28 years$5,349$3,931$2,841$2,025$1,426$402
29 years$5,109$3,708$2,644$1,857$1,288$343
30 years$4,885$3,502$2,463$1,704$1,163$293
31 years$4,677$3,311$2,296$1,565$1,052$250
32 years$4,481$3,133$2,142$1,438$951$214
33 years$4,298$2,967$2,000$1,323$861$183
34 years$4,126$2,812$1,869$1,217$780$156
35 years$3,964$2,667$1,747$1,120$706$134
36 years$3,812$2,531$1,634$1,032$640$114
37 years$3,668$2,404$1,530$951$580$98
38 years$3,532$2,285$1,433$876$526$83
39 years$3,403$2,173$1,342$808$477$71
40 years$3,281$2,067$1,258$745$432$61
41 years$3,165$1,968$1,180$687$392$52
42 years$3,056$1,874$1,107$634$356$45
43 years$2,951$1,785$1,038$586$323$38
44 years$2,852$1,702$975$541$293$33
45 years$2,757$1,623$915$499$266$28
46 years$2,666$1,548$860$461$242$24
47 years$2,580$1,477$808$426$219$20
48 years$2,498$1,410$759$394$199$17
49 years$2,419$1,347$713$364$181$15
50 years$2,343$1,287$671$336$164$13

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 $2,726 every year, while hoping to spend $24,532 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: 28/48/24 Blend
49$2,400,000$2,400,000$2,400,000$2,400,000
50$2,647,612$2,520,412$2,483,212$2,701,792
51$2,891,566$2,617,810$2,540,298$2,842,006
52$3,159,582$2,719,159$2,598,474$2,990,216
53$3,454,087$2,824,625$2,657,750$3,148,947
54$3,777,757$2,934,385$2,718,138$3,319,116
55$4,133,539$3,048,621$2,779,646$3,501,726
56$4,524,680$3,167,523$2,842,284$3,697,879
57$4,954,757$3,291,291$2,906,060$3,908,780
58$5,427,711$3,420,134$2,970,983$4,135,753
59$5,947,886$3,554,268$3,037,058$4,380,248
60$6,520,064$3,693,921$3,104,294$4,643,858
61$7,149,518$3,839,330$3,172,695$4,928,330
62$7,842,054$3,990,743$3,242,266$5,235,582
63$8,604,073$4,148,419$3,313,011$5,567,721
64$9,442,625$4,312,628$3,384,933$5,927,058
65$10,365,479$4,483,653$3,458,035$6,316,135
66$11,381,195$4,661,789$3,532,316$6,737,740
67$12,499,204$4,847,344$3,607,776$7,194,939
68$13,729,900$5,040,641$3,684,413$7,691,102
69$15,084,734$5,242,016$3,762,225$8,229,930
70$16,576,324$5,451,822$3,841,206$8,815,493
71$18,218,573$5,670,426$3,921,352$9,452,266
72$20,026,804$5,898,213$4,002,653$10,145,167
73$22,017,897$6,135,584$4,085,101$10,899,605
74$24,210,455$6,382,960$4,168,684$11,721,529
75$26,624,976$6,640,780$4,253,389$12,617,482
76$29,284,047$6,909,502$4,339,202$13,594,661
77$32,212,558$7,189,605$4,426,103$14,660,982
78$35,437,935$7,481,593$4,514,074$15,825,157
79$38,990,402$7,785,988$4,603,093$17,096,770
80$42,903,261$8,103,339$4,693,134$18,486,366
81$47,213,210$8,434,220$4,784,171$20,005,551
82$51,960,689$8,779,228$4,876,173$21,667,098
83$57,190,261$9,138,992$4,969,106$23,485,063
84$62,951,031$9,514,166$5,062,934$25,474,920
85$69,297,112$9,905,435$5,157,618$27,653,702
86$76,288,132$10,313,517$5,253,113$30,040,157
87$83,989,802$10,739,160$5,349,373$32,654,926
88$92,474,531$11,183,148$5,446,347$35,520,736
89$101,822,113$11,646,302$5,543,979$38,662,605
90$112,120,476$12,129,478$5,642,209$42,108,082
91$123,466,516$12,633,573$5,740,975$45,887,502
92$135,967,009$13,159,527$5,840,206$50,034,267
93$149,739,620$13,708,320$5,939,829$54,585,158
94$164,914,012$14,280,979$6,039,764$59,580,684
95$181,633,073$14,878,578$6,139,928$65,065,453
96$200,054,259$15,502,242$6,240,229$71,088,593
97$220,351,087$16,153,145$6,340,570$77,704,213
98$242,714,767$16,832,518$6,440,848$84,971,907
99$267,356,010$17,541,649$6,540,953$92,957,313
100$294,507,017$18,281,883$6,640,769$101,732,728