Can I retire at age 50 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$203,970$202,153$200,381$198,651$196,961$193,222
2 years$100,975$99,095$97,272$95,505$93,791$90,038
3 years$66,648$64,760$62,942$61,191$59,505$55,855
4 years$49,488$47,605$45,805$44,085$42,439$38,922
5 years$39,195$37,323$35,547$33,861$32,262$28,886
6 years$32,335$30,477$28,727$27,079$25,528$22,297
7 years$27,436$25,595$23,872$22,263$20,761$17,676
8 years$23,765$21,939$20,246$18,676$17,223$14,284
9 years$20,910$19,102$17,438$15,908$14,504$11,709
10 years$18,628$16,838$15,202$13,713$12,358$9,704
11 years$16,762$14,989$13,384$11,934$10,629$8,112
12 years$15,208$13,454$11,878$10,468$9,211$6,829
13 years$13,894$12,158$10,612$9,242$8,032$5,780
14 years$12,769$11,052$9,535$8,204$7,041$4,916
15 years$11,795$10,096$8,609$7,316$6,199$4,196
16 years$10,943$9,263$7,805$6,551$5,479$3,594
17 years$10,192$8,531$7,102$5,886$4,858$3,086
18 years$9,526$7,883$6,484$5,304$4,319$2,656
19 years$8,930$7,306$5,935$4,793$3,850$2,290
20 years$8,395$6,789$5,447$4,341$3,439$1,978
21 years$7,911$6,323$5,010$3,940$3,077$1,710
22 years$7,472$5,903$4,618$3,582$2,758$1,481
23 years$7,071$5,521$4,264$3,262$2,476$1,284
24 years$6,705$5,172$3,943$2,975$2,226$1,114
25 years$6,368$4,854$3,652$2,717$2,003$967
26 years$6,058$4,562$3,387$2,485$1,804$840
27 years$5,771$4,293$3,145$2,274$1,626$730
28 years$5,505$4,046$2,924$2,084$1,468$635
29 years$5,258$3,817$2,721$1,911$1,325$553
30 years$5,028$3,604$2,535$1,754$1,197$481
31 years$4,813$3,407$2,363$1,611$1,083$419
32 years$4,612$3,224$2,205$1,480$979$365
33 years$4,423$3,053$2,058$1,361$886$318
34 years$4,246$2,894$1,923$1,252$802$277
35 years$4,080$2,745$1,798$1,153$727$241
36 years$3,923$2,605$1,682$1,062$658$210
37 years$3,775$2,474$1,574$978$597$183
38 years$3,635$2,351$1,474$902$541$160
39 years$3,502$2,236$1,381$831$491$139
40 years$3,377$2,127$1,295$767$445$122
41 years$3,258$2,025$1,214$707$404$106
42 years$3,145$1,929$1,139$653$366$92
43 years$3,037$1,838$1,069$603$332$81
44 years$2,935$1,752$1,003$557$302$70
45 years$2,837$1,670$942$514$274$61
46 years$2,744$1,593$885$475$249$54
47 years$2,655$1,521$831$439$226$47
48 years$2,570$1,452$781$405$205$41
49 years$2,489$1,386$734$375$186$36
50 years$2,412$1,324$690$346$169$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,470,000, adding $3,325 every year, while hoping to spend $40,748 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: 49/46/5 Blend
49$2,470,000$2,470,000$2,470,000$2,470,000
50$2,725,370$2,594,460$2,556,175$2,855,412
51$2,960,002$2,678,233$2,598,451$3,028,188
52$3,217,201$2,764,745$2,640,778$3,211,104
53$3,499,225$2,854,087$2,683,114$3,408,796
54$3,808,563$2,946,355$2,725,415$3,622,648
55$4,147,955$3,041,644$2,767,635$3,854,187
56$4,520,418$3,140,057$2,809,722$4,105,087
57$4,929,278$3,241,697$2,851,625$4,377,192
58$5,378,197$3,346,672$2,893,287$4,672,529
59$5,871,208$3,455,094$2,934,647$4,993,326
60$6,412,756$3,567,079$2,975,643$5,342,037
61$7,007,737$3,682,745$3,016,207$5,721,359
62$7,661,543$3,802,217$3,056,267$6,134,259
63$8,380,117$3,925,622$3,095,748$6,584,005
64$9,170,004$4,053,093$3,134,571$7,074,191
65$10,038,416$4,184,765$3,172,650$7,608,773
66$10,993,297$4,320,781$3,209,897$8,192,104
67$12,043,401$4,461,288$3,246,216$8,828,977
68$13,198,373$4,606,436$3,281,510$9,524,669
69$14,468,838$4,756,382$3,315,671$10,284,987
70$15,866,504$4,911,290$3,348,591$11,116,326
71$17,404,270$5,071,325$3,380,151$12,025,726
72$19,096,349$5,236,663$3,410,229$13,020,939
73$20,958,400$5,407,483$3,438,695$14,110,502
74$23,007,678$5,583,972$3,465,413$15,303,816
75$25,263,196$5,766,321$3,490,239$16,611,230
76$27,745,902$5,954,730$3,513,022$18,044,148
77$30,478,878$6,149,406$3,533,602$19,615,123
78$33,487,559$6,350,563$3,551,813$21,337,984
79$36,799,970$6,558,420$3,567,479$23,227,963
80$40,446,993$6,773,209$3,580,416$25,301,837
81$44,462,655$6,995,165$3,590,428$27,578,083
82$48,884,451$7,224,533$3,597,313$30,077,057
83$53,753,699$7,461,569$3,600,857$32,821,181
84$59,115,926$7,706,536$3,600,835$35,835,154
85$65,021,299$7,959,705$3,597,012$39,146,186
86$71,525,100$8,221,359$3,589,141$42,784,252
87$78,688,246$8,491,791$3,576,962$46,782,372
88$86,577,861$8,771,302$3,560,204$51,176,925
89$95,267,914$9,060,208$3,538,583$56,007,990
90$104,839,915$9,358,831$3,511,799$61,319,722
91$115,383,682$9,667,510$3,479,540$67,160,768
92$126,998,191$9,986,591$3,441,478$73,584,724
93$139,792,509$10,316,437$3,397,270$80,650,641
94$153,886,824$10,657,422$3,346,558$88,423,580
95$169,413,577$11,009,932$3,288,964$96,975,224
96$186,518,712$11,374,369$3,224,095$106,384,555
97$205,363,058$11,751,150$3,151,539$116,738,597
98$226,123,839$12,140,705$3,070,864$128,133,232
99$248,996,352$12,543,482$2,981,620$140,674,112
100$274,195,811$12,959,943$2,883,335$154,477,644