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

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$203,970$202,153$200,381$198,651$196,961$192,827
2 years$100,975$99,095$97,272$95,505$93,791$89,645
3 years$66,648$64,760$62,942$61,191$59,505$55,477
4 years$49,488$47,605$45,805$44,085$42,439$38,560
5 years$39,195$37,323$35,547$33,861$32,262$28,543
6 years$32,335$30,477$28,727$27,079$25,528$21,972
7 years$27,436$25,595$23,872$22,263$20,761$17,370
8 years$23,765$21,939$20,246$18,676$17,223$13,996
9 years$20,910$19,102$17,438$15,908$14,504$11,439
10 years$18,628$16,838$15,202$13,713$12,358$9,451
11 years$16,762$14,989$13,384$11,934$10,629$7,876
12 years$15,208$13,454$11,878$10,468$9,211$6,608
13 years$13,894$12,158$10,612$9,242$8,032$5,575
14 years$12,769$11,052$9,535$8,204$7,041$4,725
15 years$11,795$10,096$8,609$7,316$6,199$4,020
16 years$10,943$9,263$7,805$6,551$5,479$3,430
17 years$10,192$8,531$7,102$5,886$4,858$2,935
18 years$9,526$7,883$6,484$5,304$4,319$2,516
19 years$8,930$7,306$5,935$4,793$3,850$2,162
20 years$8,395$6,789$5,447$4,341$3,439$1,860
21 years$7,911$6,323$5,010$3,940$3,077$1,603
22 years$7,472$5,903$4,618$3,582$2,758$1,382
23 years$7,071$5,521$4,264$3,262$2,476$1,194
24 years$6,705$5,172$3,943$2,975$2,226$1,031
25 years$6,368$4,854$3,652$2,717$2,003$892
26 years$6,058$4,562$3,387$2,485$1,804$772
27 years$5,771$4,293$3,145$2,274$1,626$668
28 years$5,505$4,046$2,924$2,084$1,468$579
29 years$5,258$3,817$2,721$1,911$1,325$502
30 years$5,028$3,604$2,535$1,754$1,197$435
31 years$4,813$3,407$2,363$1,611$1,083$377
32 years$4,612$3,224$2,205$1,480$979$327
33 years$4,423$3,053$2,058$1,361$886$284
34 years$4,246$2,894$1,923$1,252$802$246
35 years$4,080$2,745$1,798$1,153$727$214
36 years$3,923$2,605$1,682$1,062$658$185
37 years$3,775$2,474$1,574$978$597$161
38 years$3,635$2,351$1,474$902$541$140
39 years$3,502$2,236$1,381$831$491$121
40 years$3,377$2,127$1,295$767$445$105
41 years$3,258$2,025$1,214$707$404$91
42 years$3,145$1,929$1,139$653$366$79
43 years$3,037$1,838$1,069$603$332$69
44 years$2,935$1,752$1,003$557$302$60
45 years$2,837$1,670$942$514$274$52
46 years$2,744$1,593$885$475$249$45
47 years$2,655$1,521$831$439$226$39
48 years$2,570$1,452$781$405$205$34
49 years$2,489$1,386$734$375$186$30
50 years$2,412$1,324$690$346$169$26

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 $6,462 every year, while hoping to spend $51,162 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: 74/20/6 Blend
49$2,470,000$2,470,000$2,470,000$2,470,000
50$2,728,606$2,597,696$2,559,411$2,928,247
51$2,952,487$2,670,547$2,590,715$3,133,377
52$3,197,490$2,745,253$2,621,353$3,350,895
53$3,465,715$2,821,851$2,651,249$3,587,705
54$3,759,474$2,900,377$2,680,322$3,845,697
55$4,081,314$2,980,870$2,708,487$4,126,949
56$4,434,041$3,063,366$2,735,654$4,433,753
57$4,820,744$3,147,901$2,761,729$4,768,629
58$5,244,825$3,234,513$2,786,612$5,134,353
59$5,710,032$3,323,239$2,810,198$5,533,983
60$6,220,492$3,414,115$2,832,377$5,970,886
61$6,780,753$3,507,177$2,853,032$6,448,770
62$7,395,822$3,602,460$2,872,040$6,971,720
63$8,071,215$3,700,001$2,889,274$7,544,233
64$8,813,012$3,799,833$2,904,597$8,171,265
65$9,627,905$3,901,991$2,917,867$8,858,274
66$10,523,270$4,006,508$2,928,934$9,611,271
67$11,507,232$4,113,415$2,937,642$10,436,880
68$12,588,742$4,222,744$2,943,825$11,342,396
69$13,777,660$4,334,525$2,947,310$12,335,856
70$15,084,851$4,448,787$2,947,914$13,426,116
71$16,522,285$4,565,557$2,945,449$14,622,930
72$18,103,149$4,684,860$2,939,712$15,937,045
73$19,841,972$4,806,719$2,930,494$17,380,302
74$21,754,762$4,931,158$2,917,574$18,965,746
75$23,859,157$5,058,194$2,900,723$20,707,751
76$26,174,592$5,187,846$2,879,697$22,622,154
77$28,722,477$5,320,127$2,854,244$24,726,403
78$31,526,406$5,455,050$2,824,098$27,039,723
79$34,612,374$5,592,622$2,788,980$29,583,299
80$38,009,025$5,732,849$2,748,599$32,380,472
81$41,747,918$5,875,732$2,702,650$35,456,961
82$45,863,832$6,021,268$2,650,814$38,841,104
83$50,395,083$6,169,451$2,592,757$42,564,129
84$55,383,896$6,320,269$2,528,129$46,660,445
85$60,876,796$6,473,705$2,456,565$51,167,965
86$66,925,050$6,629,737$2,377,680$56,128,468
87$73,585,149$6,788,338$2,291,076$61,587,993
88$80,919,341$6,949,473$2,196,334$67,597,268
89$88,996,218$7,113,102$2,093,016$74,212,194
90$97,891,365$7,279,176$1,980,664$81,494,370
91$107,688,069$7,447,640$1,858,801$89,511,675
92$118,478,107$7,618,431$1,726,926$98,338,907
93$130,362,615$7,791,474$1,584,518$108,058,493
94$143,453,033$7,966,688$1,431,032$118,761,260
95$157,872,168$8,143,981$1,265,897$130,547,300
96$173,755,342$8,323,249$1,088,517$143,526,908
97$191,251,677$8,504,379$898,273$157,821,628
98$210,525,497$8,687,242$694,514$173,565,395
99$231,757,880$8,871,699$476,562$190,905,806
100$255,148,368$9,057,596$243,711$210,005,506