Can I retire at age 50 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$200,667$198,880$197,136$195,434$193,772$187,644
2 years$99,340$97,490$95,697$93,958$92,272$86,154
3 years$65,569$63,711$61,922$60,200$58,541$52,625
4 years$48,687$46,834$45,064$43,371$41,752$36,083
5 years$38,560$36,719$34,971$33,313$31,739$26,332
6 years$31,811$29,983$28,262$26,641$25,114$19,974
7 years$26,992$25,180$23,486$21,903$20,425$15,551
8 years$23,380$21,584$19,918$18,374$16,944$12,333
9 years$20,571$18,793$17,155$15,650$14,269$9,916
10 years$18,326$16,565$14,956$13,491$12,158$8,056
11 years$16,490$14,747$13,167$11,741$10,457$6,599
12 years$14,962$13,236$11,686$10,298$9,061$5,439
13 years$13,669$11,961$10,440$9,092$7,902$4,506
14 years$12,562$10,873$9,381$8,071$6,927$3,749
15 years$11,604$9,932$8,469$7,198$6,099$3,129
16 years$10,766$9,113$7,679$6,445$5,390$2,620
17 years$10,027$8,392$6,987$5,791$4,779$2,198
18 years$9,372$7,755$6,379$5,218$4,249$1,847
19 years$8,786$7,187$5,839$4,715$3,788$1,555
20 years$8,259$6,679$5,359$4,271$3,383$1,311
21 years$7,783$6,221$4,929$3,876$3,028$1,106
22 years$7,351$5,807$4,543$3,524$2,714$934
23 years$6,957$5,431$4,195$3,209$2,436$790
24 years$6,596$5,089$3,879$2,927$2,190$668
25 years$6,265$4,775$3,593$2,673$1,970$565
26 years$5,960$4,488$3,332$2,444$1,775$479
27 years$5,677$4,224$3,094$2,237$1,600$406
28 years$5,416$3,980$2,877$2,050$1,444$344
29 years$5,173$3,755$2,677$1,880$1,304$291
30 years$4,946$3,546$2,494$1,725$1,178$247
31 years$4,735$3,352$2,325$1,584$1,065$209
32 years$4,537$3,172$2,169$1,456$963$178
33 years$4,352$3,004$2,025$1,339$872$151
34 years$4,178$2,847$1,892$1,232$789$128
35 years$4,014$2,700$1,769$1,134$715$108
36 years$3,859$2,563$1,655$1,045$648$92
37 years$3,714$2,434$1,549$962$587$78
38 years$3,576$2,313$1,451$887$532$66
39 years$3,446$2,200$1,359$818$483$56
40 years$3,322$2,093$1,274$754$438$48
41 years$3,205$1,992$1,194$696$397$40
42 years$3,094$1,897$1,120$642$360$34
43 years$2,988$1,808$1,051$593$327$29
44 years$2,887$1,723$987$548$297$25
45 years$2,791$1,643$927$506$270$21
46 years$2,700$1,568$870$467$245$18
47 years$2,612$1,496$818$432$222$15
48 years$2,529$1,428$768$399$202$13
49 years$2,449$1,364$722$369$183$11
50 years$2,373$1,303$679$341$166$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,430,000, adding $5,613 every year, while hoping to spend $51,926 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: 42/38/20 Blend
49$2,430,000$2,430,000$2,430,000$2,430,000
50$2,683,650$2,554,860$2,517,195$2,780,428
51$2,902,133$2,624,799$2,546,272$2,919,601
52$3,141,162$2,696,425$2,574,583$3,064,755
53$3,402,776$2,769,765$2,602,047$3,220,875
54$3,689,223$2,844,848$2,628,580$3,388,994
55$4,002,977$2,921,699$2,654,091$3,570,250
56$4,346,765$3,000,346$2,678,487$3,765,895
57$4,723,586$3,080,815$2,701,667$3,977,310
58$5,136,747$3,163,130$2,723,528$4,206,011
59$5,589,888$3,247,316$2,743,959$4,453,672
60$6,087,019$3,333,397$2,762,844$4,722,133
61$6,632,557$3,421,395$2,780,061$5,013,423
62$7,231,366$3,511,332$2,795,482$5,329,776
63$7,888,806$3,603,228$2,808,971$5,673,652
64$8,610,780$3,697,102$2,820,388$6,047,762
65$9,403,791$3,792,971$2,829,582$6,455,092
66$10,275,002$3,890,851$2,836,397$6,898,933
67$11,232,306$3,990,756$2,840,670$7,382,907
68$12,284,395$4,092,698$2,842,227$7,911,009
69$13,440,850$4,196,686$2,840,888$8,487,639
70$14,712,221$4,302,728$2,836,462$9,117,643
71$16,110,135$4,410,829$2,828,751$9,806,365
72$17,647,401$4,520,992$2,817,546$10,559,690
73$19,338,129$4,633,213$2,802,627$11,384,104
74$21,197,868$4,747,491$2,783,765$12,286,756
75$23,243,749$4,863,817$2,760,720$13,275,520
76$25,494,647$4,982,179$2,733,239$14,359,076
77$27,971,357$5,102,562$2,701,059$15,546,989
78$30,696,794$5,224,946$2,663,902$16,849,801
79$33,696,205$5,349,306$2,621,481$18,279,126
80$36,997,408$5,475,612$2,573,491$19,847,766
81$40,631,055$5,603,829$2,519,615$21,569,829
82$44,630,922$5,733,916$2,459,521$23,460,862
83$49,034,224$5,865,826$2,392,863$25,538,000
84$53,881,968$5,999,504$2,319,276$27,820,126
85$59,219,338$6,134,889$2,238,381$30,328,051
86$65,096,124$6,271,912$2,149,781$33,084,710
87$71,567,190$6,410,497$2,053,060$36,115,379
88$78,692,989$6,550,557$1,947,783$39,447,916
89$86,540,136$6,691,997$1,833,496$43,113,022
90$95,182,038$6,834,712$1,709,726$47,144,531
91$104,699,580$6,978,587$1,575,976$51,579,732
92$115,181,893$7,123,495$1,431,728$56,459,724
93$126,727,196$7,269,296$1,276,440$61,829,796
94$139,443,718$7,415,839$1,109,548$67,739,865
95$153,450,720$7,562,958$930,462$74,244,944
96$168,879,625$7,710,474$738,563$81,405,660
97$185,875,251$7,858,192$533,210$89,288,831
98$204,597,183$8,005,900$313,729$97,968,097
99$225,221,276$8,153,369$79,419$107,524,614
100$247,941,315$8,300,353$0$118,047,825