Can I retire at age 50 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$202,319$200,517$198,758$197,042$195,366$193,649
2 years$100,158$98,292$96,485$94,732$93,032$91,301
3 years$66,109$64,235$62,432$60,696$59,023$57,333
4 years$49,087$47,220$45,434$43,728$42,096$40,459
5 years$38,877$37,021$35,259$33,587$32,001$30,422
6 years$32,073$30,230$28,495$26,860$25,321$23,802
7 years$27,214$25,387$23,679$22,083$20,593$19,135
8 years$23,572$21,762$20,082$18,525$17,084$15,687
9 years$20,741$18,947$17,296$15,779$14,387$13,051
10 years$18,477$16,701$15,079$13,602$12,258$10,982
11 years$16,626$14,868$13,276$11,838$10,543$9,325
12 years$15,085$13,345$11,782$10,383$9,136$7,976
13 years$13,782$12,060$10,526$9,167$7,967$6,863
14 years$12,666$10,962$9,458$8,137$6,984$5,934
15 years$11,699$10,014$8,539$7,257$6,149$5,153
16 years$10,854$9,188$7,742$6,498$5,434$4,490
17 years$10,110$8,462$7,045$5,838$4,819$3,924
18 years$9,449$7,819$6,431$5,261$4,284$3,438
19 years$8,858$7,246$5,887$4,754$3,819$3,020
20 years$8,327$6,734$5,403$4,306$3,411$2,657
21 years$7,847$6,272$4,970$3,908$3,052$2,341
22 years$7,411$5,855$4,580$3,553$2,736$2,066
23 years$7,014$5,476$4,229$3,236$2,456$1,826
24 years$6,650$5,131$3,911$2,951$2,208$1,615
25 years$6,316$4,815$3,623$2,695$1,987$1,430
26 years$6,009$4,525$3,360$2,464$1,789$1,267
27 years$5,724$4,259$3,120$2,256$1,613$1,124
28 years$5,461$4,013$2,900$2,067$1,456$998
29 years$5,215$3,786$2,699$1,895$1,314$886
30 years$4,987$3,575$2,514$1,739$1,188$787
31 years$4,774$3,380$2,344$1,597$1,074$700
32 years$4,575$3,198$2,187$1,468$971$622
33 years$4,388$3,029$2,042$1,350$879$553
34 years$4,212$2,870$1,908$1,242$796$492
35 years$4,047$2,722$1,784$1,143$721$438
36 years$3,891$2,584$1,669$1,053$653$390
37 years$3,744$2,454$1,562$970$592$347
38 years$3,605$2,332$1,462$894$537$309
39 years$3,474$2,218$1,370$825$487$276
40 years$3,350$2,110$1,284$761$441$246
41 years$3,231$2,009$1,204$702$400$219
42 years$3,119$1,913$1,130$648$363$195
43 years$3,013$1,823$1,060$598$330$174
44 years$2,911$1,737$995$552$299$155
45 years$2,814$1,657$934$510$272$138
46 years$2,722$1,580$877$471$247$123
47 years$2,634$1,508$824$435$224$110
48 years$2,550$1,440$775$402$203$98
49 years$2,469$1,375$728$372$185$87
50 years$2,392$1,313$685$343$168$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,450,000, adding $4,024 every year, while hoping to spend $24,577 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: 34/41/25 Blend
49$2,450,000$2,450,000$2,450,000$2,450,000
50$2,704,051$2,574,201$2,536,226$2,775,327
51$2,953,714$2,674,187$2,595,040$2,928,983
52$3,228,020$2,778,249$2,655,000$3,092,060
53$3,529,454$2,886,560$2,716,119$3,267,431
54$3,860,759$2,999,301$2,778,410$3,456,203
55$4,224,953$3,116,664$2,841,883$3,659,592
56$4,625,362$3,238,844$2,906,550$3,878,933
57$5,065,651$3,366,049$2,972,421$4,115,691
58$5,549,857$3,498,496$3,039,507$4,371,473
59$6,082,429$3,636,408$3,107,817$4,648,046
60$6,668,268$3,780,023$3,177,360$4,947,350
61$7,312,773$3,929,586$3,248,143$5,271,516
62$8,021,894$4,085,354$3,320,174$5,622,886
63$8,802,188$4,247,597$3,393,460$6,004,033
64$9,660,875$4,416,594$3,468,006$6,417,787
65$10,605,917$4,592,639$3,543,816$6,867,255
66$11,646,081$4,776,039$3,620,895$7,355,858
67$12,791,030$4,967,113$3,699,243$7,887,353
68$14,051,411$5,166,198$3,778,864$8,465,874
69$15,438,955$5,373,642$3,859,756$9,095,967
70$16,966,589$5,589,811$3,941,919$9,782,633
71$18,648,557$5,815,087$4,025,349$10,531,372
72$20,500,554$6,049,871$4,110,042$11,348,236
73$22,539,875$6,294,579$4,195,993$12,239,882
74$24,785,577$6,549,648$4,283,193$13,213,638
75$27,258,659$6,815,534$4,371,634$14,277,564
76$29,982,262$7,092,715$4,461,303$15,440,534
77$32,981,884$7,381,689$4,552,188$16,712,313
78$36,285,622$7,682,978$4,644,272$18,103,648
79$39,924,439$7,997,127$4,737,539$19,626,370
80$43,932,451$8,324,706$4,831,966$21,293,502
81$48,347,257$8,666,312$4,927,532$23,119,382
82$53,210,284$9,022,568$5,024,211$25,119,795
83$58,567,185$9,394,127$5,121,975$27,312,118
84$64,468,268$9,781,669$5,220,791$29,715,485
85$70,968,969$10,185,908$5,320,625$32,350,967
86$78,130,377$10,607,591$5,421,440$35,241,762
87$86,019,810$11,047,498$5,523,192$38,413,419
88$94,711,449$11,506,444$5,625,838$41,894,070
89$104,287,041$11,985,283$5,729,327$45,714,700
90$114,836,666$12,484,909$5,833,606$49,909,429
91$126,459,592$13,006,255$5,938,618$54,515,840
92$139,265,208$13,550,299$6,044,299$59,575,321
93$153,374,059$14,118,064$6,150,583$65,133,462
94$168,918,983$14,710,619$6,257,398$71,240,475
95$186,046,363$15,329,083$6,364,664$77,951,670
96$204,917,511$15,974,628$6,472,300$85,327,968
97$225,710,191$16,648,479$6,580,216$93,436,479
98$248,620,294$17,351,917$6,688,317$102,351,126
99$273,863,689$18,086,286$6,796,501$112,153,341
100$301,678,260$18,852,989$6,904,658$122,932,831