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%18%
1 years$198,190$196,424$194,702$193,021$191,379$185,179
2 years$98,114$96,286$94,516$92,799$91,133$84,945
3 years$64,759$62,924$61,158$59,457$57,819$51,836
4 years$48,086$46,256$44,507$42,835$41,237$35,506
5 years$38,084$36,265$34,539$32,902$31,347$25,884
6 years$31,418$29,613$27,913$26,312$24,804$19,612
7 years$26,659$24,869$23,196$21,632$20,172$15,252
8 years$23,091$21,318$19,672$18,147$16,735$12,082
9 years$20,318$18,561$16,943$15,457$14,093$9,702
10 years$18,100$16,360$14,772$13,324$12,008$7,873
11 years$16,287$14,565$13,005$11,596$10,327$6,440
12 years$14,777$13,072$11,541$10,171$8,950$5,301
13 years$13,500$11,814$10,311$8,980$7,804$4,386
14 years$12,407$10,738$9,265$7,971$6,841$3,644
15 years$11,460$9,810$8,365$7,109$6,023$3,037
16 years$10,633$9,000$7,584$6,365$5,324$2,539
17 years$9,904$8,289$6,901$5,719$4,720$2,127
18 years$9,256$7,659$6,300$5,154$4,197$1,785
19 years$8,677$7,099$5,767$4,657$3,741$1,500
20 years$8,157$6,596$5,293$4,218$3,341$1,263
21 years$7,687$6,144$4,868$3,828$2,990$1,064
22 years$7,260$5,735$4,487$3,481$2,680$897
23 years$6,871$5,364$4,143$3,170$2,406$757
24 years$6,515$5,026$3,832$2,891$2,163$640
25 years$6,188$4,717$3,549$2,640$1,946$541
26 years$5,886$4,433$3,291$2,414$1,753$457
27 years$5,607$4,172$3,056$2,210$1,580$386
28 years$5,349$3,931$2,841$2,025$1,426$327
29 years$5,109$3,708$2,644$1,857$1,288$277
30 years$4,885$3,502$2,463$1,704$1,163$234
31 years$4,677$3,311$2,296$1,565$1,052$198
32 years$4,481$3,133$2,142$1,438$951$168
33 years$4,298$2,967$2,000$1,323$861$142
34 years$4,126$2,812$1,869$1,217$780$120
35 years$3,964$2,667$1,747$1,120$706$102
36 years$3,812$2,531$1,634$1,032$640$86
37 years$3,668$2,404$1,530$951$580$73
38 years$3,532$2,285$1,433$876$526$62
39 years$3,403$2,173$1,342$808$477$52
40 years$3,281$2,067$1,258$745$432$44
41 years$3,165$1,968$1,180$687$392$38
42 years$3,056$1,874$1,107$634$356$32
43 years$2,951$1,785$1,038$586$323$27
44 years$2,852$1,702$975$541$293$23
45 years$2,757$1,623$915$499$266$19
46 years$2,666$1,548$860$461$242$16
47 years$2,580$1,477$808$426$219$14
48 years$2,498$1,410$759$394$199$12
49 years$2,419$1,347$713$364$181$10
50 years$2,343$1,287$671$336$164$8

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 $4,583 every year, while hoping to spend $25,499 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: 26/45/29 Blend
49$2,400,000$2,400,000$2,400,000$2,400,000
50$2,649,527$2,522,327$2,485,127$2,694,362
51$2,892,648$2,618,791$2,541,248$2,828,233
52$3,159,713$2,719,126$2,598,395$2,969,294
53$3,453,137$2,823,496$2,656,574$3,120,122
54$3,775,581$2,932,071$2,715,793$3,281,563
55$4,129,976$3,045,029$2,776,058$3,454,543
56$4,519,552$3,162,554$2,837,374$3,640,076
57$4,947,866$3,284,839$2,899,747$3,839,273
58$5,418,840$3,412,087$2,963,179$4,053,356
59$5,936,791$3,544,509$3,027,675$4,283,661
60$6,506,477$3,682,323$3,093,236$4,531,656
61$7,133,142$3,825,761$3,159,863$4,798,953
62$7,822,561$3,975,062$3,227,558$5,087,320
63$8,581,099$4,130,477$3,296,317$5,398,698
64$9,415,768$4,292,267$3,366,141$5,735,220
65$10,334,294$4,460,706$3,437,024$6,099,227
66$11,345,190$4,636,079$3,508,963$6,493,292
67$12,457,837$4,818,684$3,581,951$6,920,241
68$13,682,570$5,008,833$3,655,980$7,383,181
69$15,030,778$5,206,852$3,731,041$7,885,525
70$16,515,010$5,413,080$3,807,123$8,431,028
71$18,149,092$5,627,873$3,884,213$9,023,813
72$19,948,262$5,851,601$3,962,297$9,668,417
73$21,929,309$6,084,653$4,041,358$10,369,830
74$24,110,731$6,327,434$4,121,376$11,133,537
75$26,512,914$6,580,366$4,202,330$11,965,572
76$29,158,321$6,843,894$4,284,198$12,872,574
77$32,071,703$7,118,479$4,366,952$13,861,845
78$35,280,337$7,404,604$4,450,565$14,941,420
79$38,814,276$7,702,775$4,535,004$16,120,138
80$42,706,641$8,013,519$4,620,236$17,407,730
81$46,993,926$8,337,390$4,706,221$18,814,899
82$51,716,348$8,674,963$4,792,921$20,353,430
83$56,918,221$9,026,842$4,880,289$22,036,291
84$62,648,380$9,393,657$4,968,279$23,877,758
85$68,960,636$9,776,068$5,056,838$25,893,544
86$75,914,290$10,174,764$5,145,911$28,100,949
87$83,574,686$10,590,466$5,235,437$30,519,017
88$92,013,832$11,023,927$5,325,353$33,168,717
89$101,311,078$11,475,935$5,415,588$36,073,137
90$111,553,867$11,947,314$5,506,068$39,257,696
91$122,838,555$12,438,927$5,596,716$42,750,385
92$135,271,327$12,951,673$5,687,445$46,582,030
93$148,969,193$13,486,496$5,778,165$50,786,574
94$164,061,098$14,044,382$5,868,781$55,401,398
95$180,689,134$14,626,360$5,959,189$60,467,672
96$199,009,885$15,233,511$6,049,281$66,030,736
97$219,195,901$15,866,961$6,138,940$72,140,527
98$241,437,332$16,527,892$6,228,044$78,852,047
99$265,943,718$17,217,536$6,316,461$86,225,877
100$292,945,968$17,937,186$6,404,053$94,328,746