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%11.9%
1 years$199,841$198,061$196,325$194,629$192,974$191,437
2 years$98,931$97,089$95,303$93,572$91,892$90,343
3 years$65,299$63,449$61,667$59,952$58,300$56,787
4 years$48,486$46,641$44,878$43,192$41,580$40,114
5 years$38,401$36,567$34,827$33,176$31,609$30,194
6 years$31,680$29,860$28,146$26,531$25,011$23,650
7 years$26,881$25,076$23,389$21,813$20,341$19,033
8 years$23,283$21,495$19,836$18,298$16,874$15,621
9 years$20,487$18,715$17,085$15,586$14,211$13,011
10 years$18,251$16,497$14,895$13,435$12,108$10,962
11 years$16,423$14,686$13,113$11,693$10,413$9,319
12 years$14,900$13,181$11,638$10,256$9,024$7,981
13 years$13,613$11,912$10,397$9,055$7,869$6,876
14 years$12,510$10,828$9,342$8,038$6,898$5,954
15 years$11,556$9,891$8,435$7,168$6,074$5,177
16 years$10,722$9,075$7,647$6,418$5,368$4,517
17 years$9,986$8,358$6,959$5,767$4,760$3,953
18 years$9,333$7,723$6,352$5,197$4,232$3,469
19 years$8,749$7,158$5,815$4,696$3,772$3,051
20 years$8,225$6,651$5,337$4,253$3,369$2,688
21 years$7,751$6,195$4,909$3,860$3,015$2,372
22 years$7,320$5,783$4,524$3,510$2,703$2,097
23 years$6,928$5,409$4,177$3,196$2,426$1,856
24 years$6,569$5,068$3,863$2,915$2,181$1,644
25 years$6,239$4,756$3,578$2,662$1,962$1,458
26 years$5,935$4,470$3,319$2,434$1,767$1,294
27 years$5,654$4,207$3,082$2,228$1,594$1,150
28 years$5,394$3,964$2,865$2,041$1,438$1,022
29 years$5,152$3,739$2,666$1,872$1,298$909
30 years$4,926$3,531$2,483$1,718$1,173$809
31 years$4,716$3,338$2,315$1,578$1,061$720
32 years$4,519$3,159$2,160$1,450$959$641
33 years$4,334$2,991$2,017$1,334$868$571
34 years$4,160$2,835$1,884$1,227$786$509
35 years$3,997$2,689$1,762$1,129$712$454
36 years$3,844$2,552$1,648$1,040$645$405
37 years$3,698$2,424$1,543$958$585$361
38 years$3,561$2,304$1,445$883$530$322
39 years$3,432$2,191$1,353$815$481$288
40 years$3,309$2,084$1,269$751$436$257
41 years$3,192$1,984$1,190$693$396$229
42 years$3,081$1,890$1,116$640$359$204
43 years$2,976$1,800$1,047$591$326$183
44 years$2,875$1,716$983$545$296$163
45 years$2,780$1,636$923$504$268$146
46 years$2,689$1,561$867$465$244$130
47 years$2,602$1,490$814$430$221$116
48 years$2,518$1,422$765$397$201$104
49 years$2,439$1,358$719$367$183$93
50 years$2,363$1,297$676$339$166$83

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 $3,201 every year, while hoping to spend $49,313 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: 24/47/29 Blend
49$2,420,000$2,420,000$2,420,000$2,420,000
50$2,670,142$2,541,882$2,504,372$2,709,832
51$2,890,028$2,613,965$2,535,800$2,816,138
52$3,130,689$2,687,928$2,566,628$2,925,588
53$3,394,193$2,763,811$2,596,783$3,041,827
54$3,682,816$2,841,652$2,626,191$3,165,455
55$3,999,065$2,921,495$2,654,769$3,297,130
56$4,345,699$3,003,378$2,682,435$3,437,578
57$4,725,761$3,087,344$2,709,096$3,587,596
58$5,142,598$3,173,433$2,734,661$3,748,062
59$5,599,899$3,261,688$2,759,028$3,919,941
60$6,101,727$3,352,148$2,782,093$4,104,298
61$6,652,556$3,444,856$2,803,746$4,302,304
62$7,257,315$3,539,853$2,823,870$4,515,248
63$7,921,436$3,637,181$2,842,345$4,744,550
64$8,650,899$3,736,879$2,859,040$4,991,774
65$9,452,294$3,838,989$2,873,820$5,258,641
66$10,332,879$3,943,551$2,886,545$5,547,051
67$11,300,652$4,050,605$2,897,064$5,859,091
68$12,364,424$4,160,189$2,905,221$6,197,066
69$13,533,900$4,272,344$2,910,850$6,563,512
70$14,819,775$4,387,105$2,913,780$6,961,225
71$16,233,829$4,504,510$2,913,829$7,393,283
72$17,789,043$4,624,595$2,910,806$7,863,081
73$19,499,720$4,747,394$2,904,512$8,374,360
74$21,381,615$4,872,940$2,894,737$8,931,239
75$23,452,091$5,001,266$2,881,262$9,538,261
76$25,730,276$5,132,399$2,863,856$10,200,431
77$28,237,247$5,266,370$2,842,279$10,923,264
78$30,996,228$5,403,204$2,816,277$11,712,841
79$34,032,806$5,542,924$2,785,585$12,575,861
80$37,375,177$5,685,552$2,749,926$13,519,709
81$41,054,406$5,831,105$2,709,011$14,552,523
82$45,104,727$5,979,600$2,662,533$15,683,275
83$49,563,857$6,131,049$2,610,176$16,921,849
84$54,473,360$6,285,460$2,551,607$18,279,145
85$59,879,033$6,442,837$2,486,475$19,767,171
86$65,831,340$6,603,182$2,414,418$21,399,167
87$72,385,889$6,766,490$2,335,053$23,189,723
88$79,603,954$6,932,752$2,247,982$25,154,922
89$87,553,054$7,101,955$2,152,787$27,312,488
90$96,307,593$7,274,077$2,049,032$29,681,960
91$105,949,554$7,449,094$1,936,261$32,284,873
92$116,569,280$7,626,971$1,813,998$35,144,960
93$128,266,325$7,807,671$1,681,745$38,288,383
94$141,150,387$7,991,144$1,538,981$41,743,977
95$155,342,352$8,177,336$1,385,162$45,543,524
96$170,975,429$8,366,182$1,219,721$49,722,051
97$188,196,406$8,557,608$1,042,065$54,318,170
98$207,167,039$8,751,531$851,575$59,374,434
99$228,065,577$8,947,856$647,602$64,937,746
100$251,088,442$9,146,477$429,473$71,059,802