Can I retire at age 50 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$201,493$199,698$197,947$196,238$194,569$189,481
2 years$99,749$97,891$96,091$94,345$92,652$87,561
3 years$65,839$63,973$62,177$60,448$58,782$53,847
4 years$48,887$47,027$45,249$43,549$41,924$37,182
5 years$38,719$36,870$35,115$33,450$31,870$27,335
6 years$31,942$30,107$28,378$26,750$25,218$20,894
7 years$27,103$25,284$23,582$21,993$20,509$16,397
8 years$23,476$21,673$20,000$18,449$17,014$13,112
9 years$20,656$18,870$17,226$15,715$14,328$10,633
10 years$18,402$16,633$15,018$13,546$12,208$8,714
11 years$16,558$14,807$13,221$11,789$10,500$7,202
12 years$15,023$13,290$11,734$10,341$9,099$5,992
13 years$13,725$12,011$10,483$9,129$7,934$5,011
14 years$12,614$10,917$9,419$8,104$6,955$4,210
15 years$11,651$9,973$8,504$7,227$6,124$3,549
16 years$10,810$9,150$7,710$6,471$5,412$3,000
17 years$10,069$8,427$7,016$5,814$4,799$2,543
18 years$9,410$7,787$6,405$5,240$4,267$2,160
19 years$8,822$7,217$5,863$4,735$3,803$1,838
20 years$8,293$6,706$5,381$4,288$3,397$1,566
21 years$7,815$6,247$4,950$3,892$3,040$1,336
22 years$7,381$5,831$4,562$3,539$2,725$1,141
23 years$6,985$5,454$4,212$3,223$2,446$975
24 years$6,623$5,110$3,895$2,939$2,199$834
25 years$6,291$4,795$3,608$2,684$1,978$714
26 years$5,984$4,507$3,346$2,454$1,782$611
27 years$5,701$4,241$3,107$2,247$1,607$524
28 years$5,438$3,997$2,889$2,058$1,450$449
29 years$5,194$3,770$2,688$1,888$1,309$385
30 years$4,967$3,561$2,504$1,732$1,183$330
31 years$4,754$3,366$2,334$1,591$1,069$283
32 years$4,556$3,185$2,178$1,462$967$243
33 years$4,370$3,016$2,033$1,345$875$208
34 years$4,195$2,859$1,900$1,237$793$179
35 years$4,030$2,711$1,776$1,139$718$154
36 years$3,875$2,573$1,662$1,049$650$132
37 years$3,729$2,444$1,555$966$590$113
38 years$3,591$2,323$1,457$891$534$97
39 years$3,460$2,209$1,365$821$485$83
40 years$3,336$2,102$1,279$758$440$72
41 years$3,218$2,000$1,199$699$399$62
42 years$3,106$1,905$1,125$645$362$53
43 years$3,000$1,815$1,056$595$328$45
44 years$2,899$1,730$991$550$298$39
45 years$2,803$1,650$930$508$271$33
46 years$2,711$1,574$874$469$246$29
47 years$2,623$1,502$821$433$223$25
48 years$2,539$1,434$772$400$203$21
49 years$2,459$1,369$725$370$184$18
50 years$2,382$1,308$682$342$167$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,440,000, adding $3,642 every year, while hoping to spend $20,574 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: 59/26/15 Blend
49$2,440,000$2,440,000$2,440,000$2,440,000
50$2,692,637$2,563,317$2,525,497$2,841,040
51$2,945,395$2,667,029$2,588,210$3,045,386
52$3,223,245$2,775,133$2,652,335$3,265,518
53$3,528,725$2,887,823$2,717,897$3,505,089
54$3,864,630$3,005,301$2,784,921$3,765,976
55$4,234,040$3,127,779$2,853,434$4,050,244
56$4,640,350$3,255,478$2,923,462$4,360,164
57$5,087,298$3,388,629$2,995,030$4,698,234
58$5,579,004$3,527,473$3,068,166$5,067,202
59$6,120,007$3,672,264$3,142,894$5,470,093
60$6,715,309$3,823,266$3,219,242$5,910,236
61$7,370,420$3,980,756$3,297,236$6,391,292
62$8,091,412$4,145,022$3,376,903$6,917,292
63$8,884,976$4,316,368$3,458,269$7,492,673
64$9,758,482$4,495,109$3,541,360$8,122,319
65$10,720,055$4,681,576$3,626,202$8,811,604
66$11,778,643$4,876,116$3,712,823$9,566,447
67$12,944,109$5,079,090$3,801,247$10,393,363
68$14,227,320$5,290,878$3,891,501$11,299,523
69$15,640,250$5,511,874$3,983,610$12,292,827
70$17,196,094$5,742,495$4,077,599$13,381,970
71$18,909,391$5,983,173$4,173,494$14,576,527
72$20,796,163$6,234,362$4,271,320$15,887,043
73$22,874,062$6,496,536$4,371,100$17,325,128
74$25,162,543$6,770,193$4,472,858$18,903,571
75$27,683,041$7,055,852$4,576,618$20,636,455
76$30,459,179$7,354,056$4,682,403$22,539,289
77$33,516,986$7,665,375$4,790,234$24,629,156
78$36,885,145$7,990,405$4,900,132$26,924,872
79$40,595,263$8,329,768$5,012,120$29,447,159
80$44,682,169$8,684,116$5,126,216$32,218,845
81$49,184,245$9,054,133$5,242,439$35,265,072
82$54,143,785$9,440,531$5,360,807$38,613,538
83$59,607,394$9,844,060$5,481,337$42,294,752
84$65,626,430$10,265,502$5,604,044$46,342,321
85$72,257,490$10,705,675$5,728,943$50,793,268
86$79,562,938$11,165,437$5,856,047$55,688,378
87$87,611,500$11,645,686$5,985,367$61,072,583
88$96,478,910$12,147,361$6,116,913$66,995,379
89$106,248,623$12,671,446$6,250,694$73,511,299
90$117,012,606$13,218,971$6,386,716$80,680,418
91$128,872,204$13,791,012$6,524,983$88,568,925
92$141,939,097$14,388,700$6,665,498$97,249,740
93$156,336,353$15,013,215$6,808,261$106,803,202
94$172,199,593$15,665,794$6,953,269$117,317,826
95$189,678,267$16,347,734$7,100,519$128,891,133
96$208,937,066$17,060,389$7,250,003$141,630,573
97$230,157,479$17,805,180$7,401,710$155,654,531
98$253,539,503$18,583,594$7,555,628$171,093,444
99$279,303,530$19,397,188$7,711,739$188,091,031
100$307,692,432$20,247,593$7,870,025$206,805,644