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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.6%
1 years$199,841$198,061$196,325$194,629$192,974$190,090
2 years$98,931$97,089$95,303$93,572$91,892$88,994
3 years$65,299$63,449$61,667$59,952$58,300$55,477
4 years$48,486$46,641$44,878$43,192$41,580$38,853
5 years$38,401$36,567$34,827$33,176$31,609$28,987
6 years$31,680$29,860$28,146$26,531$25,011$22,497
7 years$26,881$25,076$23,389$21,813$20,341$17,935
8 years$23,283$21,495$19,836$18,298$16,874$14,577
9 years$20,487$18,715$17,085$15,586$14,211$12,020
10 years$18,251$16,497$14,895$13,435$12,108$10,023
11 years$16,423$14,686$13,113$11,693$10,413$8,432
12 years$14,900$13,181$11,638$10,256$9,024$7,144
13 years$13,613$11,912$10,397$9,055$7,869$6,087
14 years$12,510$10,828$9,342$8,038$6,898$5,211
15 years$11,556$9,891$8,435$7,168$6,074$4,479
16 years$10,722$9,075$7,647$6,418$5,368$3,863
17 years$9,986$8,358$6,959$5,767$4,760$3,341
18 years$9,333$7,723$6,352$5,197$4,232$2,896
19 years$8,749$7,158$5,815$4,696$3,772$2,516
20 years$8,225$6,651$5,337$4,253$3,369$2,189
21 years$7,751$6,195$4,909$3,860$3,015$1,908
22 years$7,320$5,783$4,524$3,510$2,703$1,664
23 years$6,928$5,409$4,177$3,196$2,426$1,454
24 years$6,569$5,068$3,863$2,915$2,181$1,271
25 years$6,239$4,756$3,578$2,662$1,962$1,113
26 years$5,935$4,470$3,319$2,434$1,767$974
27 years$5,654$4,207$3,082$2,228$1,594$854
28 years$5,394$3,964$2,865$2,041$1,438$749
29 years$5,152$3,739$2,666$1,872$1,298$657
30 years$4,926$3,531$2,483$1,718$1,173$576
31 years$4,716$3,338$2,315$1,578$1,061$506
32 years$4,519$3,159$2,160$1,450$959$444
33 years$4,334$2,991$2,017$1,334$868$390
34 years$4,160$2,835$1,884$1,227$786$343
35 years$3,997$2,689$1,762$1,129$712$302
36 years$3,844$2,552$1,648$1,040$645$265
37 years$3,698$2,424$1,543$958$585$233
38 years$3,561$2,304$1,445$883$530$205
39 years$3,432$2,191$1,353$815$481$180
40 years$3,309$2,084$1,269$751$436$158
41 years$3,192$1,984$1,190$693$396$139
42 years$3,081$1,890$1,116$640$359$123
43 years$2,976$1,800$1,047$591$326$108
44 years$2,875$1,716$983$545$296$95
45 years$2,780$1,636$923$504$268$84
46 years$2,689$1,561$867$465$244$74
47 years$2,602$1,490$814$430$221$65
48 years$2,518$1,422$765$397$201$57
49 years$2,439$1,358$719$367$183$50
50 years$2,363$1,297$676$339$166$44

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 $6,104 every year, while hoping to spend $37,067 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: 77/7/16 Blend
49$2,420,000$2,420,000$2,420,000$2,420,000
50$2,673,136$2,544,876$2,507,366$2,869,202
51$2,906,357$2,630,136$2,551,924$3,084,722
52$3,162,124$2,718,332$2,596,732$3,315,744
53$3,442,698$2,809,567$2,641,760$3,568,080
54$3,750,569$2,903,951$2,686,974$3,843,843
55$4,088,479$3,001,597$2,732,340$4,145,364
56$4,459,449$3,102,620$2,777,819$4,475,208
57$4,866,808$3,207,144$2,823,370$4,836,203
58$5,314,220$3,315,292$2,868,952$5,231,460
59$5,805,726$3,427,196$2,914,516$5,664,408
60$6,345,772$3,542,991$2,960,015$6,138,825
61$6,939,261$3,662,818$3,005,396$6,658,870
62$7,591,592$3,786,823$3,050,603$7,229,128
63$8,308,714$3,915,156$3,095,577$7,854,647
64$9,097,179$4,047,975$3,140,255$8,540,990
65$9,964,208$4,185,443$3,184,571$9,294,284
66$10,917,757$4,327,729$3,228,454$10,121,280
67$11,966,589$4,475,009$3,271,828$11,029,416
68$13,120,361$4,627,464$3,314,615$12,026,886
69$14,389,714$4,785,286$3,356,730$13,122,720
70$15,786,370$4,948,670$3,398,085$14,326,863
71$17,323,244$5,117,820$3,438,586$15,650,276
72$19,014,570$5,292,948$3,478,134$17,105,035
73$20,876,029$5,474,275$3,516,623$18,704,445
74$22,924,898$5,662,028$3,553,945$20,463,165
75$25,180,217$5,856,447$3,589,981$22,397,350
76$27,662,963$6,057,777$3,624,609$24,524,797
77$30,396,252$6,266,274$3,657,700$26,865,119
78$33,405,553$6,482,205$3,689,117$29,439,926
79$36,718,933$6,705,847$3,718,716$32,273,029
80$40,367,318$6,937,487$3,746,346$35,390,666
81$44,384,783$7,177,423$3,771,848$38,821,748
82$48,808,881$7,425,966$3,795,054$42,598,135
83$53,680,986$7,683,439$3,815,789$46,754,930
84$59,046,696$7,950,176$3,833,866$51,330,817
85$64,956,250$8,226,525$3,849,092$56,368,422
86$71,465,012$8,512,850$3,861,262$61,914,716
87$78,633,991$8,809,527$3,870,161$68,021,459
88$86,530,410$9,116,946$3,875,564$74,745,685
89$95,228,351$9,435,515$3,877,234$82,150,246
90$104,809,444$9,765,657$3,874,923$90,304,400
91$115,363,645$10,107,812$3,868,370$99,284,466
92$126,990,079$10,462,437$3,857,303$109,174,545
93$139,797,978$10,830,007$3,841,434$120,067,314
94$153,907,713$11,211,019$3,820,463$132,064,897
95$169,451,926$11,605,985$3,794,075$145,279,835
96$186,576,787$12,015,443$3,761,940$159,836,141
97$205,443,367$12,439,947$3,723,713$175,870,477
98$226,229,164$12,880,079$3,679,032$193,533,440
99$249,129,776$13,336,440$3,627,517$212,990,983
100$274,360,746$13,809,658$3,568,771$234,425,985