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

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$200,667$198,880$197,136$195,434$193,772$187,344
2 years$99,340$97,490$95,697$93,958$92,272$85,859
3 years$65,569$63,711$61,922$60,200$58,541$52,344
4 years$48,687$46,834$45,064$43,371$41,752$35,817
5 years$38,560$36,719$34,971$33,313$31,739$26,083
6 years$31,811$29,983$28,262$26,641$25,114$19,742
7 years$26,992$25,180$23,486$21,903$20,425$15,335
8 years$23,380$21,584$19,918$18,374$16,944$12,133
9 years$20,571$18,793$17,155$15,650$14,269$9,732
10 years$18,326$16,565$14,956$13,491$12,158$7,887
11 years$16,490$14,747$13,167$11,741$10,457$6,443
12 years$14,962$13,236$11,686$10,298$9,061$5,297
13 years$13,669$11,961$10,440$9,092$7,902$4,377
14 years$12,562$10,873$9,381$8,071$6,927$3,631
15 years$11,604$9,932$8,469$7,198$6,099$3,022
16 years$10,766$9,113$7,679$6,445$5,390$2,522
17 years$10,027$8,392$6,987$5,791$4,779$2,110
18 years$9,372$7,755$6,379$5,218$4,249$1,768
19 years$8,786$7,187$5,839$4,715$3,788$1,484
20 years$8,259$6,679$5,359$4,271$3,383$1,247
21 years$7,783$6,221$4,929$3,876$3,028$1,049
22 years$7,351$5,807$4,543$3,524$2,714$884
23 years$6,957$5,431$4,195$3,209$2,436$745
24 years$6,596$5,089$3,879$2,927$2,190$628
25 years$6,265$4,775$3,593$2,673$1,970$530
26 years$5,960$4,488$3,332$2,444$1,775$447
27 years$5,677$4,224$3,094$2,237$1,600$377
28 years$5,416$3,980$2,877$2,050$1,444$319
29 years$5,173$3,755$2,677$1,880$1,304$269
30 years$4,946$3,546$2,494$1,725$1,178$228
31 years$4,735$3,352$2,325$1,584$1,065$192
32 years$4,537$3,172$2,169$1,456$963$163
33 years$4,352$3,004$2,025$1,339$872$137
34 years$4,178$2,847$1,892$1,232$789$116
35 years$4,014$2,700$1,769$1,134$715$98
36 years$3,859$2,563$1,655$1,045$648$83
37 years$3,714$2,434$1,549$962$587$70
38 years$3,576$2,313$1,451$887$532$59
39 years$3,446$2,200$1,359$818$483$50
40 years$3,322$2,093$1,274$754$438$43
41 years$3,205$1,992$1,194$696$397$36
42 years$3,094$1,897$1,120$642$360$30
43 years$2,988$1,808$1,051$593$327$26
44 years$2,887$1,723$987$548$297$22
45 years$2,791$1,643$927$506$270$18
46 years$2,700$1,568$870$467$245$16
47 years$2,612$1,496$818$432$222$13
48 years$2,529$1,428$768$399$202$11
49 years$2,449$1,364$722$369$183$9
50 years$2,373$1,303$679$341$166$8

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 $3,300 every year, while hoping to spend $45,948 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: 61/33/6 Blend
49$2,430,000$2,430,000$2,430,000$2,430,000
50$2,681,264$2,552,474$2,514,809$2,841,659
51$2,905,865$2,628,657$2,550,167$3,025,409
52$3,151,834$2,707,033$2,585,169$3,220,180
53$3,421,305$2,787,661$2,619,755$3,431,507
54$3,716,623$2,870,601$2,653,862$3,660,984
55$4,040,373$2,955,915$2,687,421$3,910,365
56$4,395,402$3,043,666$2,720,361$4,181,582
57$4,784,846$3,133,918$2,752,605$4,476,761
58$5,212,158$3,226,738$2,784,076$4,798,241
59$5,681,142$3,322,193$2,814,687$5,148,597
60$6,195,990$3,420,351$2,844,350$5,530,665
61$6,761,316$3,521,283$2,872,970$5,947,567
62$7,382,205$3,625,061$2,900,450$6,402,739
63$8,064,259$3,731,758$2,926,684$6,899,966
64$8,813,648$3,841,449$2,951,563$7,443,414
65$9,637,170$3,954,210$2,974,970$8,037,673
66$10,542,314$4,070,119$2,996,784$8,687,797
67$11,537,331$4,189,255$3,016,877$9,399,352
68$12,631,310$4,311,700$3,035,114$10,178,467
69$13,834,265$4,437,535$3,051,352$11,031,895
70$15,157,231$4,566,845$3,065,443$11,967,072
71$16,612,363$4,699,715$3,077,230$12,992,191
72$18,213,055$4,836,232$3,086,548$14,116,275
73$19,974,064$4,976,485$3,093,225$15,349,263
74$21,911,650$5,120,563$3,097,078$16,702,106
75$24,043,726$5,268,559$3,097,918$18,186,866
76$26,390,032$5,420,564$3,095,545$19,816,834
77$28,972,317$5,576,674$3,089,748$21,606,647
78$31,814,547$5,736,984$3,080,307$23,572,437
79$34,943,126$5,901,592$3,066,993$25,731,973
80$38,387,150$6,070,595$3,049,563$28,104,833
81$42,178,679$6,244,094$3,027,763$30,712,588
82$46,353,040$6,422,190$3,001,328$33,579,003
83$50,949,157$6,604,985$2,969,980$36,730,263
84$56,009,924$6,792,582$2,933,427$40,195,219
85$61,582,603$6,985,086$2,891,364$44,005,661
86$67,719,276$7,182,602$2,843,471$48,196,615
87$74,477,329$7,385,236$2,789,415$52,806,674
88$81,920,000$7,593,096$2,728,844$57,878,363
89$90,116,972$7,806,290$2,661,392$63,458,541
90$99,145,032$8,024,926$2,586,677$69,598,837
91$109,088,791$8,249,114$2,504,296$76,356,144
92$120,041,489$8,478,962$2,413,832$83,793,152
93$132,105,869$8,714,580$2,314,844$91,978,937
94$145,395,152$8,956,078$2,206,875$100,989,618
95$160,034,097$9,203,566$2,089,445$110,909,071
96$176,160,187$9,457,152$1,962,054$121,829,720
97$193,924,921$9,716,947$1,824,177$133,853,413
98$213,495,243$9,983,058$1,675,268$147,092,377
99$235,055,124$10,255,593$1,514,754$161,670,281
100$258,807,287$10,534,659$1,342,040$177,723,403