Can I retire at age 50 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$204,796$202,972$201,192$199,455$197,759$191,122
2 years$101,384$99,496$97,666$95,892$94,171$87,550
3 years$66,918$65,022$63,196$61,439$59,746$53,349
4 years$49,688$47,798$45,991$44,263$42,611$36,487
5 years$39,353$37,474$35,691$33,998$32,392$26,557
6 years$32,465$30,600$28,843$27,189$25,631$20,089
7 years$27,548$25,698$23,969$22,353$20,845$15,596
8 years$23,861$22,028$20,328$18,752$17,293$12,333
9 years$20,995$19,179$17,508$15,972$14,563$9,886
10 years$18,703$16,906$15,264$13,768$12,408$8,006
11 years$16,830$15,050$13,438$11,983$10,672$6,536
12 years$15,270$13,508$11,926$10,510$9,248$5,370
13 years$13,950$12,207$10,655$9,279$8,064$4,434
14 years$12,821$11,096$9,574$8,237$7,069$3,676
15 years$11,842$10,137$8,644$7,346$6,224$3,058
16 years$10,987$9,300$7,837$6,577$5,501$2,550
17 years$10,234$8,565$7,131$5,910$4,878$2,132
18 years$9,564$7,915$6,510$5,326$4,337$1,785
19 years$8,966$7,335$5,959$4,812$3,866$1,497
20 years$8,429$6,816$5,469$4,359$3,453$1,257
21 years$7,943$6,349$5,031$3,956$3,090$1,057
22 years$7,502$5,927$4,637$3,597$2,770$889
23 years$7,100$5,543$4,281$3,275$2,486$749
24 years$6,732$5,193$3,959$2,987$2,235$631
25 years$6,394$4,874$3,667$2,728$2,011$532
26 years$6,082$4,581$3,401$2,495$1,811$448
27 years$5,794$4,311$3,158$2,283$1,633$378
28 years$5,527$4,062$2,936$2,092$1,474$319
29 years$5,279$3,832$2,732$1,918$1,331$269
30 years$5,048$3,619$2,545$1,761$1,202$228
31 years$4,832$3,421$2,373$1,617$1,087$192
32 years$4,631$3,237$2,214$1,486$983$162
33 years$4,441$3,066$2,067$1,367$890$137
34 years$4,264$2,905$1,931$1,257$806$116
35 years$4,096$2,756$1,805$1,157$730$98
36 years$3,939$2,616$1,689$1,066$661$83
37 years$3,790$2,484$1,581$982$599$70
38 years$3,650$2,361$1,480$905$543$59
39 years$3,517$2,245$1,387$835$493$50
40 years$3,391$2,136$1,300$770$447$42
41 years$3,271$2,033$1,219$710$405$36
42 years$3,157$1,936$1,143$656$368$30
43 years$3,049$1,845$1,073$605$334$25
44 years$2,947$1,759$1,007$559$303$22
45 years$2,849$1,677$946$516$275$18
46 years$2,755$1,600$888$477$250$15
47 years$2,666$1,527$834$440$227$13
48 years$2,581$1,457$784$407$206$11
49 years$2,499$1,392$737$376$187$9
50 years$2,421$1,330$693$348$170$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,480,000, adding $5,514 every year, while hoping to spend $34,081 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: 31/49/20 Blend
49$2,480,000$2,480,000$2,480,000$2,480,000
50$2,738,648$2,607,208$2,568,768$2,806,317
51$2,981,728$2,698,699$2,618,559$2,949,293
52$3,248,460$2,793,531$2,668,877$3,099,630
53$3,541,220$2,891,832$2,719,702$3,260,749
54$3,862,627$2,993,734$2,771,014$3,433,609
55$4,215,564$3,099,375$2,822,792$3,619,261
56$4,603,207$3,208,900$2,875,011$3,818,858
57$5,029,055$3,322,458$2,927,645$4,033,669
58$5,496,965$3,440,204$2,980,667$4,265,085
59$6,011,182$3,562,301$3,034,046$4,514,632
60$6,576,385$3,688,916$3,087,750$4,783,990
61$7,197,729$3,820,226$3,141,742$5,075,002
62$7,880,892$3,956,412$3,195,985$5,389,695
63$8,632,132$4,097,664$3,250,439$5,730,294
64$9,458,341$4,244,181$3,305,060$6,099,248
65$10,367,113$4,396,167$3,359,801$6,499,247
66$11,366,817$4,553,838$3,414,613$6,933,250
67$12,466,672$4,717,416$3,469,442$7,404,509
68$13,676,835$4,887,132$3,524,231$7,916,603
69$15,008,501$5,063,230$3,578,921$8,473,468
70$16,474,000$5,245,960$3,633,447$9,079,431
71$18,086,920$5,435,585$3,687,740$9,739,257
72$19,862,235$5,632,377$3,741,728$10,458,185
73$21,816,441$5,836,622$3,795,334$11,241,982
74$23,967,716$6,048,614$3,848,476$12,096,992
75$26,336,090$6,268,663$3,901,067$13,030,199
76$28,943,633$6,497,090$3,953,015$14,049,289
77$31,814,666$6,734,230$4,004,223$15,162,723
78$34,975,986$6,980,431$4,054,589$16,379,813
79$38,457,122$7,236,057$4,104,002$17,710,811
80$42,290,611$7,501,487$4,152,349$19,167,004
81$46,512,309$7,777,115$4,199,508$20,760,819
82$51,161,723$8,063,352$4,245,350$22,505,937
83$56,282,390$8,360,628$4,289,741$24,417,423
84$61,922,283$8,669,388$4,332,537$26,511,868
85$68,134,267$8,990,099$4,373,588$28,807,538
86$74,976,595$9,323,246$4,412,735$31,324,551
87$82,513,458$9,669,335$4,449,812$34,085,062
88$90,815,592$10,028,894$4,484,642$37,113,471
89$99,960,945$10,402,473$4,517,041$40,436,650
90$110,035,413$10,790,646$4,546,813$44,084,200
91$121,133,647$11,194,010$4,573,754$48,088,719
92$133,359,952$11,613,189$4,597,647$52,486,117
93$146,829,266$12,048,834$4,618,268$57,315,946
94$161,668,249$12,501,624$4,635,377$62,621,776
95$178,016,472$12,972,267$4,648,724$68,451,600
96$196,027,744$13,461,499$4,658,048$74,858,287
97$215,871,554$13,970,092$4,663,072$81,900,077
98$237,734,675$14,498,849$4,663,508$89,641,130
99$261,822,927$15,048,608$4,659,051$98,152,125
100$288,363,119$15,620,244$4,649,383$107,510,929