Can I retire at age 50 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$199,841$198,061$196,325$194,629$192,974$185,464
2 years$98,931$97,089$95,303$93,572$91,892$84,417
3 years$65,299$63,449$61,667$59,952$58,300$51,095
4 years$48,486$46,641$44,878$43,192$41,580$34,699
5 years$38,401$36,567$34,827$33,176$31,609$25,070
6 years$31,680$29,860$28,146$26,531$25,011$18,819
7 years$26,881$25,076$23,389$21,813$20,341$14,493
8 years$23,283$21,495$19,836$18,298$16,874$11,366
9 years$20,487$18,715$17,085$15,586$14,211$9,033
10 years$18,251$16,497$14,895$13,435$12,108$7,251
11 years$16,423$14,686$13,113$11,693$10,413$5,866
12 years$14,900$13,181$11,638$10,256$9,024$4,775
13 years$13,613$11,912$10,397$9,055$7,869$3,905
14 years$12,510$10,828$9,342$8,038$6,898$3,206
15 years$11,556$9,891$8,435$7,168$6,074$2,640
16 years$10,722$9,075$7,647$6,418$5,368$2,180
17 years$9,986$8,358$6,959$5,767$4,760$1,803
18 years$9,333$7,723$6,352$5,197$4,232$1,494
19 years$8,749$7,158$5,815$4,696$3,772$1,240
20 years$8,225$6,651$5,337$4,253$3,369$1,030
21 years$7,751$6,195$4,909$3,860$3,015$857
22 years$7,320$5,783$4,524$3,510$2,703$713
23 years$6,928$5,409$4,177$3,196$2,426$594
24 years$6,569$5,068$3,863$2,915$2,181$495
25 years$6,239$4,756$3,578$2,662$1,962$412
26 years$5,935$4,470$3,319$2,434$1,767$344
27 years$5,654$4,207$3,082$2,228$1,594$287
28 years$5,394$3,964$2,865$2,041$1,438$239
29 years$5,152$3,739$2,666$1,872$1,298$200
30 years$4,926$3,531$2,483$1,718$1,173$167
31 years$4,716$3,338$2,315$1,578$1,061$139
32 years$4,519$3,159$2,160$1,450$959$116
33 years$4,334$2,991$2,017$1,334$868$97
34 years$4,160$2,835$1,884$1,227$786$81
35 years$3,997$2,689$1,762$1,129$712$68
36 years$3,844$2,552$1,648$1,040$645$56
37 years$3,698$2,424$1,543$958$585$47
38 years$3,561$2,304$1,445$883$530$39
39 years$3,432$2,191$1,353$815$481$33
40 years$3,309$2,084$1,269$751$436$27
41 years$3,192$1,984$1,190$693$396$23
42 years$3,081$1,890$1,116$640$359$19
43 years$2,976$1,800$1,047$591$326$16
44 years$2,875$1,716$983$545$296$13
45 years$2,780$1,636$923$504$268$11
46 years$2,689$1,561$867$465$244$9
47 years$2,602$1,490$814$430$221$8
48 years$2,518$1,422$765$397$201$7
49 years$2,439$1,358$719$367$183$5
50 years$2,363$1,297$676$339$166$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,420,000, adding $5,891 every year, while hoping to spend $54,843 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: 51/36/13 Blend
49$2,420,000$2,420,000$2,420,000$2,420,000
50$2,672,917$2,544,657$2,507,147$2,799,595
51$2,887,202$2,610,992$2,532,783$2,953,291
52$3,121,505$2,678,740$2,557,441$3,114,008
53$3,377,812$2,747,912$2,581,029$3,287,489
54$3,658,307$2,818,517$2,603,451$3,474,953
55$3,965,394$2,890,565$2,624,607$3,677,742
56$4,301,724$2,964,062$2,644,390$3,897,334
57$4,670,213$3,039,014$2,662,691$4,135,354
58$5,074,074$3,115,425$2,679,390$4,393,595
59$5,516,844$3,193,296$2,694,364$4,674,029
60$6,002,422$3,272,626$2,707,485$4,978,830
61$6,535,098$3,353,415$2,718,615$5,310,388
62$7,119,602$3,435,655$2,727,612$5,671,342
63$7,761,139$3,519,340$2,734,325$6,064,595
64$8,465,445$3,604,458$2,738,595$6,493,345
65$9,238,841$3,690,996$2,740,258$6,961,116
66$10,088,285$3,778,938$2,739,139$7,471,790
67$11,021,445$3,868,261$2,735,056$8,029,645
68$12,046,769$3,958,942$2,727,816$8,639,393
69$13,173,562$4,050,953$2,717,220$9,306,227
70$14,412,075$4,144,259$2,703,057$10,035,867
71$15,773,603$4,238,824$2,685,106$10,834,618
72$17,270,589$4,334,605$2,663,135$11,709,426
73$18,916,742$4,431,554$2,636,903$12,667,945
74$20,727,166$4,529,616$2,606,156$13,718,610
75$22,718,502$4,628,733$2,570,627$14,870,715
76$24,909,085$4,728,836$2,530,039$16,134,503
77$27,319,117$4,829,854$2,484,101$17,521,261
78$29,970,855$4,931,705$2,432,506$19,043,426
79$32,888,823$5,034,300$2,374,936$20,714,706
80$36,100,044$5,137,541$2,311,057$22,550,207
81$39,634,291$5,241,323$2,240,520$24,566,574
82$43,524,371$5,345,530$2,162,960$26,782,153
83$47,806,431$5,450,036$2,077,993$29,217,163
84$52,520,303$5,554,703$1,985,222$31,893,882
85$57,709,874$5,659,384$1,884,227$34,836,866
86$63,423,505$5,763,918$1,774,573$38,073,175
87$69,714,485$5,868,132$1,655,803$41,632,632
88$76,641,530$5,971,838$1,527,440$45,548,103
89$84,269,343$6,074,836$1,388,987$49,855,810
90$92,669,220$6,176,907$1,239,922$54,595,669
91$101,919,724$6,277,818$1,079,702$59,811,675
92$112,107,423$6,377,319$907,760$65,552,310
93$123,327,712$6,475,139$723,502$71,871,007
94$135,685,709$6,570,991$526,309$78,826,652
95$149,297,246$6,664,564$315,535$86,484,143
96$164,289,965$6,755,528$90,506$94,915,001
97$180,804,520$6,843,527$0$104,198,049
98$198,995,905$6,928,184$0$114,440,912
99$219,034,914$7,009,092$0$125,733,314
100$241,109,758$7,085,820$0$138,168,301