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%18.6%
1 years$199,016$197,243$195,513$193,825$192,177$185,506
2 years$98,523$96,688$94,909$93,185$91,513$84,861
3 years$65,029$63,186$61,413$59,705$58,059$51,636
4 years$48,286$46,449$44,693$43,014$41,408$35,262
5 years$38,243$36,416$34,683$33,039$31,478$25,625
6 years$31,549$29,737$28,029$26,421$24,908$19,352
7 years$26,770$24,973$23,292$21,722$20,256$14,998
8 years$23,187$21,406$19,754$18,222$16,805$11,839
9 years$20,402$18,638$17,014$15,521$14,152$9,472
10 years$18,175$16,429$14,833$13,380$12,058$7,657
11 years$16,355$14,625$13,059$11,644$10,370$6,239
12 years$14,839$13,127$11,589$10,214$8,987$5,116
13 years$13,557$11,863$10,354$9,017$7,837$4,215
14 years$12,459$10,783$9,303$8,004$6,870$3,487
15 years$11,508$9,851$8,400$7,138$6,049$2,895
16 years$10,677$9,038$7,616$6,392$5,346$2,409
17 years$9,945$8,323$6,930$5,743$4,740$2,009
18 years$9,294$7,691$6,326$5,176$4,214$1,679
19 years$8,713$7,128$5,791$4,677$3,756$1,405
20 years$8,191$6,624$5,315$4,236$3,355$1,177
21 years$7,719$6,170$4,889$3,844$3,003$987
22 years$7,290$5,759$4,506$3,495$2,691$829
23 years$6,899$5,387$4,160$3,183$2,416$696
24 years$6,542$5,047$3,848$2,903$2,172$585
25 years$6,213$4,736$3,564$2,651$1,954$492
26 years$5,911$4,451$3,305$2,424$1,760$414
27 years$5,631$4,189$3,069$2,219$1,587$348
28 years$5,371$3,947$2,853$2,033$1,432$293
29 years$5,130$3,724$2,655$1,864$1,293$247
30 years$4,906$3,517$2,473$1,711$1,168$208
31 years$4,696$3,325$2,306$1,571$1,056$175
32 years$4,500$3,146$2,151$1,444$955$148
33 years$4,316$2,979$2,008$1,328$865$124
34 years$4,143$2,823$1,877$1,222$783$105
35 years$3,981$2,678$1,755$1,125$709$88
36 years$3,828$2,542$1,641$1,036$642$74
37 years$3,683$2,414$1,536$954$582$63
38 years$3,547$2,294$1,439$880$528$53
39 years$3,417$2,182$1,348$811$479$45
40 years$3,295$2,076$1,263$748$434$38
41 years$3,179$1,976$1,185$690$394$32
42 years$3,068$1,882$1,111$637$357$27
43 years$2,963$1,793$1,043$588$324$23
44 years$2,863$1,709$979$543$294$19
45 years$2,768$1,630$919$501$267$16
46 years$2,677$1,555$863$463$243$13
47 years$2,591$1,484$811$428$220$11
48 years$2,508$1,416$762$395$200$10
49 years$2,429$1,353$716$365$182$8
50 years$2,353$1,292$673$338$165$7

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 $5,871 every year, while hoping to spend $53,138 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: 88/5/7 Blend
49$2,410,000$2,410,000$2,410,000$2,410,000
50$2,661,876$2,534,146$2,496,791$2,894,354
51$2,876,849$2,601,781$2,523,895$3,114,254
52$3,111,968$2,670,949$2,550,126$3,347,957
53$3,369,232$2,741,669$2,575,399$3,603,153
54$3,650,843$2,813,959$2,599,623$3,881,970
55$3,959,223$2,887,837$2,622,705$4,186,754
56$4,297,041$2,963,319$2,644,543$4,520,087
57$4,667,238$3,040,420$2,665,034$4,884,812
58$5,073,049$3,119,153$2,684,065$5,284,060
59$5,518,040$3,199,532$2,701,521$5,721,283
60$6,006,137$3,281,566$2,717,280$6,200,279
61$6,541,667$3,365,266$2,731,212$6,725,234
62$7,129,391$3,450,639$2,743,182$7,300,760
63$7,774,559$3,537,690$2,753,049$7,931,934
64$8,482,950$3,626,423$2,760,662$8,624,352
65$9,260,931$3,716,838$2,765,864$9,384,178
66$10,115,517$3,808,934$2,768,492$10,218,202
67$11,054,435$3,902,707$2,768,371$11,133,905
68$12,086,197$3,998,149$2,765,322$12,139,528
69$13,220,182$4,095,251$2,759,152$13,244,153
70$14,466,721$4,193,998$2,749,664$14,457,784
71$15,837,196$4,294,374$2,736,647$15,791,442
72$17,344,148$4,396,356$2,719,883$17,257,273
73$19,001,393$4,499,920$2,699,141$18,868,658
74$20,824,153$4,605,034$2,674,181$20,640,339
75$22,829,201$4,711,665$2,644,750$22,588,561
76$25,035,015$4,819,772$2,610,584$24,731,223
77$27,461,954$4,929,309$2,571,407$27,088,049
78$30,132,452$5,040,224$2,526,928$29,680,768
79$33,071,227$5,152,459$2,476,844$32,533,327
80$36,305,512$5,265,950$2,420,839$35,672,109
81$39,865,317$5,380,624$2,358,580$39,126,190
82$43,783,706$5,496,401$2,289,719$42,927,605
83$48,097,113$5,613,193$2,213,893$47,111,655
84$52,845,682$5,730,904$2,130,722$51,717,239
85$58,073,649$5,849,426$2,039,809$56,787,220
86$63,829,757$5,968,643$1,940,738$62,368,832
87$70,167,715$6,088,429$1,833,076$68,514,123
88$77,146,705$6,208,645$1,716,367$75,280,444
89$84,831,941$6,329,141$1,590,137$82,730,998
90$93,295,284$6,449,754$1,453,892$90,935,426
91$102,615,918$6,570,307$1,307,112$99,970,473
92$112,881,099$6,690,610$1,149,258$109,920,707
93$124,186,977$6,810,456$979,764$120,879,319
94$136,639,503$6,929,622$798,040$132,949,003
95$150,355,428$7,047,869$603,470$146,242,924
96$165,463,406$7,164,939$395,411$160,885,784
97$182,105,207$7,280,555$173,191$177,015,005
98$200,437,055$7,394,419$0$194,782,020
99$220,631,101$7,506,211$0$214,358,481
100$242,877,047$7,615,590$0$235,937,622