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%18.9%
1 years$199,016$197,243$195,513$193,825$192,177$185,284
2 years$98,523$96,688$94,909$93,185$91,513$84,643
3 years$65,029$63,186$61,413$59,705$58,059$51,429
4 years$48,286$46,449$44,693$43,014$41,408$35,068
5 years$38,243$36,416$34,683$33,039$31,478$25,443
6 years$31,549$29,737$28,029$26,421$24,908$19,183
7 years$26,770$24,973$23,292$21,722$20,256$14,842
8 years$23,187$21,406$19,754$18,222$16,805$11,695
9 years$20,402$18,638$17,014$15,521$14,152$9,340
10 years$18,175$16,429$14,833$13,380$12,058$7,536
11 years$16,355$14,625$13,059$11,644$10,370$6,128
12 years$14,839$13,127$11,589$10,214$8,987$5,015
13 years$13,557$11,863$10,354$9,017$7,837$4,124
14 years$12,459$10,783$9,303$8,004$6,870$3,404
15 years$11,508$9,851$8,400$7,138$6,049$2,820
16 years$10,677$9,038$7,616$6,392$5,346$2,342
17 years$9,945$8,323$6,930$5,743$4,740$1,949
18 years$9,294$7,691$6,326$5,176$4,214$1,625
19 years$8,713$7,128$5,791$4,677$3,756$1,356
20 years$8,191$6,624$5,315$4,236$3,355$1,134
21 years$7,719$6,170$4,889$3,844$3,003$949
22 years$7,290$5,759$4,506$3,495$2,691$794
23 years$6,899$5,387$4,160$3,183$2,416$666
24 years$6,542$5,047$3,848$2,903$2,172$558
25 years$6,213$4,736$3,564$2,651$1,954$468
26 years$5,911$4,451$3,305$2,424$1,760$393
27 years$5,631$4,189$3,069$2,219$1,587$330
28 years$5,371$3,947$2,853$2,033$1,432$277
29 years$5,130$3,724$2,655$1,864$1,293$233
30 years$4,906$3,517$2,473$1,711$1,168$196
31 years$4,696$3,325$2,306$1,571$1,056$164
32 years$4,500$3,146$2,151$1,444$955$138
33 years$4,316$2,979$2,008$1,328$865$116
34 years$4,143$2,823$1,877$1,222$783$98
35 years$3,981$2,678$1,755$1,125$709$82
36 years$3,828$2,542$1,641$1,036$642$69
37 years$3,683$2,414$1,536$954$582$58
38 years$3,547$2,294$1,439$880$528$49
39 years$3,417$2,182$1,348$811$479$41
40 years$3,295$2,076$1,263$748$434$34
41 years$3,179$1,976$1,185$690$394$29
42 years$3,068$1,882$1,111$637$357$24
43 years$2,963$1,793$1,043$588$324$20
44 years$2,863$1,709$979$543$294$17
45 years$2,768$1,630$919$501$267$14
46 years$2,677$1,555$863$463$243$12
47 years$2,591$1,484$811$428$220$10
48 years$2,508$1,416$762$395$200$9
49 years$2,429$1,353$716$365$182$7
50 years$2,353$1,292$673$338$165$6

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 $3,316 every year, while hoping to spend $33,528 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: 66/25/9 Blend
49$2,410,000$2,410,000$2,410,000$2,410,000
50$2,659,240$2,531,510$2,494,155$2,829,719
51$2,894,809$2,619,881$2,542,036$3,031,910
52$3,153,283$2,711,458$2,590,397$3,248,510
53$3,436,961$2,806,363$2,639,219$3,484,361
54$3,748,379$2,904,723$2,688,481$3,741,337
55$4,090,329$3,006,669$2,738,160$4,021,502
56$4,465,885$3,112,338$2,788,231$4,327,126
57$4,878,435$3,221,873$2,838,667$4,660,707
58$5,331,713$3,335,422$2,889,439$5,024,997
59$5,829,828$3,453,138$2,940,516$5,423,024
60$6,377,311$3,575,182$2,991,864$5,858,120
61$6,979,152$3,701,721$3,043,446$6,333,957
62$7,640,848$3,832,928$3,095,224$6,854,573
63$8,368,456$3,968,984$3,147,156$7,424,419
64$9,168,651$4,110,076$3,199,198$8,048,393
65$10,048,783$4,256,399$3,251,301$8,731,889
66$11,016,954$4,408,158$3,303,414$9,480,849
67$12,082,089$4,565,564$3,355,485$10,301,814
68$13,254,023$4,728,837$3,407,454$11,201,989
69$14,543,589$4,898,206$3,459,260$12,189,310
70$15,962,728$5,073,911$3,510,837$13,272,516
71$17,524,593$5,256,199$3,562,117$14,461,234
72$19,243,679$5,445,330$3,613,026$15,766,067
73$21,135,956$5,641,573$3,663,484$17,198,694
74$23,219,022$5,845,209$3,713,410$18,771,981
75$25,512,268$6,056,530$3,762,714$20,500,099
76$28,037,060$6,275,840$3,811,305$22,398,659
77$30,816,940$6,503,457$3,859,084$24,484,860
78$33,877,851$6,739,709$3,905,947$26,777,645
79$37,248,379$6,984,942$3,951,783$29,297,888
80$40,960,023$7,239,514$3,996,477$32,068,581
81$45,047,492$7,503,797$4,039,906$35,115,055
82$49,549,034$7,778,180$4,081,941$38,465,219
83$54,506,795$8,063,070$4,122,444$42,149,819
84$59,967,215$8,358,887$4,161,273$46,202,732
85$65,981,471$8,666,073$4,198,276$50,661,280
86$72,605,955$8,985,085$4,233,293$55,566,584
87$79,902,809$9,316,401$4,266,155$60,963,952
88$87,940,511$9,660,520$4,296,686$66,903,302
89$96,794,518$10,017,961$4,324,700$73,439,635
90$106,547,983$10,389,264$4,350,001$80,633,554
91$117,292,534$10,774,995$4,372,383$88,551,831
92$129,129,144$11,175,741$4,391,629$97,268,041
93$142,169,080$11,592,116$4,407,513$106,863,251
94$156,534,956$12,024,759$4,419,794$117,426,784
95$172,361,887$12,474,338$4,428,223$129,057,066
96$189,798,767$12,941,548$4,432,536$141,862,547
97$209,009,671$13,427,114$4,432,456$155,962,729
98$230,175,407$13,931,793$4,427,693$171,489,288
99$253,495,222$14,456,373$4,417,944$188,587,318
100$279,188,678$15,001,679$4,402,888$207,416,700