Can I retire at age 50 with 2,410,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,410,000?

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%
1 years$199,016$197,243$195,513$193,825$192,177$185,876
2 years$98,523$96,688$94,909$93,185$91,513$85,225
3 years$65,029$63,186$61,413$59,705$58,059$51,982
4 years$48,286$46,449$44,693$43,014$41,408$35,588
5 years$38,243$36,416$34,683$33,039$31,478$25,930
6 years$31,549$29,737$28,029$26,421$24,908$19,637
7 years$26,770$24,973$23,292$21,722$20,256$15,262
8 years$23,187$21,406$19,754$18,222$16,805$12,083
9 years$20,402$18,638$17,014$15,521$14,152$9,697
10 years$18,175$16,429$14,833$13,380$12,058$7,864
11 years$16,355$14,625$13,059$11,644$10,370$6,428
12 years$14,839$13,127$11,589$10,214$8,987$5,288
13 years$13,557$11,863$10,354$9,017$7,837$4,372
14 years$12,459$10,783$9,303$8,004$6,870$3,630
15 years$11,508$9,851$8,400$7,138$6,049$3,024
16 years$10,677$9,038$7,616$6,392$5,346$2,525
17 years$9,945$8,323$6,930$5,743$4,740$2,114
18 years$9,294$7,691$6,326$5,176$4,214$1,773
19 years$8,713$7,128$5,791$4,677$3,756$1,489
20 years$8,191$6,624$5,315$4,236$3,355$1,253
21 years$7,719$6,170$4,889$3,844$3,003$1,055
22 years$7,290$5,759$4,506$3,495$2,691$889
23 years$6,899$5,387$4,160$3,183$2,416$749
24 years$6,542$5,047$3,848$2,903$2,172$632
25 years$6,213$4,736$3,564$2,651$1,954$534
26 years$5,911$4,451$3,305$2,424$1,760$451
27 years$5,631$4,189$3,069$2,219$1,587$381
28 years$5,371$3,947$2,853$2,033$1,432$322
29 years$5,130$3,724$2,655$1,864$1,293$272
30 years$4,906$3,517$2,473$1,711$1,168$230
31 years$4,696$3,325$2,306$1,571$1,056$195
32 years$4,500$3,146$2,151$1,444$955$165
33 years$4,316$2,979$2,008$1,328$865$139
34 years$4,143$2,823$1,877$1,222$783$118
35 years$3,981$2,678$1,755$1,125$709$100
36 years$3,828$2,542$1,641$1,036$642$85
37 years$3,683$2,414$1,536$954$582$72
38 years$3,547$2,294$1,439$880$528$61
39 years$3,417$2,182$1,348$811$479$51
40 years$3,295$2,076$1,263$748$434$43
41 years$3,179$1,976$1,185$690$394$37
42 years$3,068$1,882$1,111$637$357$31
43 years$2,963$1,793$1,043$588$324$26
44 years$2,863$1,709$979$543$294$22
45 years$2,768$1,630$919$501$267$19
46 years$2,677$1,555$863$463$243$16
47 years$2,591$1,484$811$428$220$14
48 years$2,508$1,416$762$395$200$11
49 years$2,429$1,353$716$365$182$10
50 years$2,353$1,292$673$338$165$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,410,000, adding $6,636 every year, while hoping to spend $48,726 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: 52/21/27 Blend
49$2,410,000$2,410,000$2,410,000$2,410,000
50$2,662,665$2,534,935$2,497,580$2,780,676
51$2,882,413$2,607,303$2,529,405$2,935,671
52$3,122,942$2,681,583$2,560,663$3,098,707
53$3,386,320$2,757,819$2,591,283$3,275,094
54$3,674,825$2,836,053$2,621,192$3,466,125
55$3,990,966$2,916,328$2,650,310$3,673,225
56$4,337,504$2,998,688$2,678,555$3,897,963
57$4,717,482$3,083,176$2,705,839$4,142,069
58$5,134,251$3,169,837$2,732,070$4,407,447
59$5,591,501$3,258,716$2,757,151$4,696,194
60$6,093,297$3,349,856$2,780,979$5,010,622
61$6,644,118$3,443,304$2,803,447$5,353,275
62$7,248,896$3,539,103$2,824,440$5,726,960
63$7,913,064$3,637,300$2,843,839$6,134,766
64$8,642,607$3,737,939$2,861,519$6,580,098
65$9,444,120$3,841,065$2,877,347$7,066,708
66$10,324,867$3,946,723$2,891,184$7,598,730
67$11,292,849$4,054,958$2,902,884$8,180,719
68$12,356,883$4,165,814$2,912,294$8,817,693
69$13,526,681$4,279,335$2,919,252$9,515,184
70$14,812,945$4,395,565$2,923,590$10,279,286
71$16,227,464$4,514,546$2,925,128$11,116,715
72$17,783,227$4,636,321$2,923,682$12,034,871
73$19,494,546$4,760,930$2,919,055$13,041,911
74$21,377,188$4,888,414$2,911,042$14,146,822
75$23,448,527$5,018,813$2,899,428$15,359,507
76$25,727,705$5,152,163$2,883,987$16,690,883
77$28,235,812$5,288,501$2,864,482$18,152,977
78$30,996,090$5,427,861$2,840,667$19,759,045
79$34,034,142$5,570,278$2,812,280$21,523,696
80$37,378,184$5,715,781$2,779,052$23,463,028
81$41,059,305$5,864,400$2,740,695$25,594,784
82$45,111,758$6,016,160$2,696,913$27,938,515
83$49,573,291$6,171,085$2,647,393$30,515,771
84$54,485,494$6,329,196$2,591,808$33,350,298
85$59,894,197$6,490,509$2,529,816$36,468,268
86$65,849,900$6,655,039$2,461,060$39,898,522
87$72,408,249$6,822,796$2,385,165$43,672,845
88$79,630,563$6,993,784$2,301,740$47,826,268
89$87,584,407$7,168,007$2,210,375$52,397,396
90$96,344,237$7,345,460$2,110,643$57,428,775
91$105,992,095$7,526,133$2,002,096$62,967,290
92$116,618,389$7,710,013$1,884,266$69,064,617
93$128,322,740$7,897,079$1,756,664$75,777,702
94$141,214,926$8,087,304$1,618,779$83,169,304
95$155,415,919$8,280,652$1,470,079$91,308,588
96$171,059,021$8,477,082$1,310,005$100,271,778
97$188,291,126$8,676,543$1,137,974$110,142,875
98$207,274,104$8,878,977$953,380$121,014,457
99$228,186,330$9,084,315$755,585$132,988,547
100$251,224,366$9,292,477$543,928$146,177,582