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

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$199,016$197,243$195,513$193,825$192,177$187,227
2 years$98,523$96,688$94,909$93,185$91,513$86,559
3 years$65,029$63,186$61,413$59,705$58,059$53,257
4 years$48,286$46,449$44,693$43,014$41,408$36,793
5 years$38,243$36,416$34,683$33,039$31,478$27,064
6 years$31,549$29,737$28,029$26,421$24,908$20,698
7 years$26,770$24,973$23,292$21,722$20,256$16,252
8 years$23,187$21,406$19,754$18,222$16,805$13,004
9 years$20,402$18,638$17,014$15,521$14,152$10,551
10 years$18,175$16,429$14,833$13,380$12,058$8,653
11 years$16,355$14,625$13,059$11,644$10,370$7,156
12 years$14,839$13,127$11,589$10,214$8,987$5,957
13 years$13,557$11,863$10,354$9,017$7,837$4,986
14 years$12,459$10,783$9,303$8,004$6,870$4,191
15 years$11,508$9,851$8,400$7,138$6,049$3,536
16 years$10,677$9,038$7,616$6,392$5,346$2,992
17 years$9,945$8,323$6,930$5,743$4,740$2,537
18 years$9,294$7,691$6,326$5,176$4,214$2,157
19 years$8,713$7,128$5,791$4,677$3,756$1,836
20 years$8,191$6,624$5,315$4,236$3,355$1,566
21 years$7,719$6,170$4,889$3,844$3,003$1,337
22 years$7,290$5,759$4,506$3,495$2,691$1,142
23 years$6,899$5,387$4,160$3,183$2,416$977
24 years$6,542$5,047$3,848$2,903$2,172$836
25 years$6,213$4,736$3,564$2,651$1,954$716
26 years$5,911$4,451$3,305$2,424$1,760$614
27 years$5,631$4,189$3,069$2,219$1,587$526
28 years$5,371$3,947$2,853$2,033$1,432$452
29 years$5,130$3,724$2,655$1,864$1,293$387
30 years$4,906$3,517$2,473$1,711$1,168$333
31 years$4,696$3,325$2,306$1,571$1,056$286
32 years$4,500$3,146$2,151$1,444$955$245
33 years$4,316$2,979$2,008$1,328$865$211
34 years$4,143$2,823$1,877$1,222$783$181
35 years$3,981$2,678$1,755$1,125$709$155
36 years$3,828$2,542$1,641$1,036$642$134
37 years$3,683$2,414$1,536$954$582$115
38 years$3,547$2,294$1,439$880$528$99
39 years$3,417$2,182$1,348$811$479$85
40 years$3,295$2,076$1,263$748$434$73
41 years$3,179$1,976$1,185$690$394$63
42 years$3,068$1,882$1,111$637$357$54
43 years$2,963$1,793$1,043$588$324$46
44 years$2,863$1,709$979$543$294$40
45 years$2,768$1,630$919$501$267$34
46 years$2,677$1,555$863$463$243$29
47 years$2,591$1,484$811$428$220$25
48 years$2,508$1,416$762$395$200$22
49 years$2,429$1,353$716$365$182$19
50 years$2,353$1,292$673$338$165$16

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 $5,307 every year, while hoping to spend $26,828 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: 52/18/30 Blend
49$2,410,000$2,410,000$2,410,000$2,410,000
50$2,661,294$2,533,564$2,496,209$2,776,972
51$2,904,201$2,629,164$2,551,287$2,953,742
52$3,170,986$2,728,549$2,607,312$3,142,821
53$3,464,055$2,831,877$2,664,285$3,348,003
54$3,786,061$2,939,310$2,722,211$3,570,839
55$4,139,924$3,051,022$2,781,090$3,813,036
56$4,528,863$3,167,189$2,840,923$4,076,474
57$4,956,424$3,287,998$2,901,711$4,363,217
58$5,426,514$3,413,644$2,963,453$4,675,543
59$5,943,435$3,544,330$3,026,145$5,015,953
60$6,511,930$3,680,266$3,089,786$5,387,206
61$7,137,223$3,821,675$3,154,369$5,792,334
62$7,825,069$3,968,787$3,219,890$6,234,678
63$8,581,811$4,121,843$3,286,342$6,717,916
64$9,414,436$4,281,093$3,353,715$7,246,096
65$10,330,644$4,446,802$3,421,999$7,823,677
66$11,338,916$4,619,242$3,491,183$8,455,567
67$12,448,600$4,798,700$3,561,252$9,147,174
68$13,669,996$4,985,474$3,632,192$9,904,450
69$15,014,450$5,179,877$3,703,985$10,733,952
70$16,494,467$5,382,234$3,776,612$11,642,902
71$18,123,825$5,592,886$3,850,051$12,639,250
72$19,917,705$5,812,188$3,924,278$13,731,759
73$21,892,837$6,040,511$3,999,267$14,930,075
74$24,067,654$6,278,243$4,074,989$16,244,825
75$26,462,466$6,525,788$4,151,413$17,687,718
76$29,099,657$6,783,571$4,228,505$19,271,646
77$32,003,889$7,052,033$4,306,227$21,010,816
78$35,202,338$7,331,635$4,384,538$22,920,876
79$38,724,952$7,622,861$4,463,396$25,019,063
80$42,604,730$7,926,214$4,542,752$27,324,368
81$46,878,035$8,242,221$4,622,557$29,857,714
82$51,584,937$8,571,432$4,702,755$32,642,148
83$56,769,591$8,914,423$4,783,288$35,703,064
84$62,480,655$9,271,795$4,864,093$39,068,439
85$68,771,745$9,644,176$4,945,103$42,769,095
86$75,701,944$10,032,223$5,026,246$46,838,992
87$83,336,362$10,436,621$5,107,445$51,315,544
88$91,746,745$10,858,089$5,188,618$56,239,976
89$101,012,153$11,297,376$5,269,677$61,657,709
90$111,219,712$11,755,266$5,350,530$67,618,785
91$122,465,427$12,232,579$5,431,078$74,178,347
92$134,855,096$12,730,171$5,511,215$81,397,148
93$148,505,305$13,248,939$5,590,829$89,342,133
94$163,544,528$13,789,818$5,669,804$98,087,061
95$180,114,339$14,353,788$5,748,011$107,713,208
96$198,370,751$14,941,873$5,825,319$118,310,127
97$218,485,687$15,555,144$5,901,587$129,976,496
98$240,648,601$16,194,721$5,976,664$142,821,044
99$265,068,270$16,861,774$6,050,394$156,963,582
100$291,974,761$17,557,528$6,122,610$172,536,127