Can I retire at age 50 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$205,622$203,790$202,003$200,259$198,556$191,740
2 years$101,793$99,897$98,060$96,278$94,551$87,753
3 years$67,188$65,284$63,451$61,687$59,987$53,421
4 years$49,889$47,991$46,176$44,442$42,783$36,499
5 years$39,512$37,625$35,835$34,135$32,523$26,538
6 years$32,596$30,724$28,960$27,298$25,734$20,053
7 years$27,659$25,802$24,066$22,444$20,929$15,550
8 years$23,957$22,117$20,410$18,827$17,363$12,282
9 years$21,079$19,257$17,579$16,037$14,622$9,833
10 years$18,779$16,974$15,326$13,824$12,458$7,954
11 years$16,898$15,111$13,492$12,031$10,715$6,485
12 years$15,331$13,563$11,974$10,553$9,285$5,321
13 years$14,007$12,257$10,698$9,316$8,097$4,387
14 years$12,872$11,141$9,612$8,270$7,098$3,632
15 years$11,890$10,178$8,679$7,375$6,249$3,017
16 years$11,032$9,338$7,868$6,604$5,523$2,513
17 years$10,275$8,600$7,160$5,934$4,897$2,097
18 years$9,603$7,946$6,536$5,347$4,354$1,754
19 years$9,002$7,365$5,984$4,832$3,881$1,468
20 years$8,463$6,844$5,491$4,376$3,467$1,231
21 years$7,975$6,375$5,051$3,972$3,102$1,033
22 years$7,532$5,950$4,655$3,611$2,781$868
23 years$7,129$5,565$4,298$3,289$2,496$730
24 years$6,759$5,214$3,975$2,999$2,244$614
25 years$6,420$4,893$3,682$2,739$2,019$517
26 years$6,107$4,599$3,415$2,505$1,819$435
27 years$5,818$4,328$3,171$2,293$1,640$366
28 years$5,550$4,078$2,948$2,100$1,479$309
29 years$5,301$3,848$2,743$1,926$1,336$260
30 years$5,069$3,634$2,555$1,768$1,207$219
31 years$4,852$3,435$2,382$1,624$1,091$185
32 years$4,649$3,250$2,223$1,492$987$156
33 years$4,459$3,078$2,075$1,372$893$131
34 years$4,281$2,917$1,939$1,262$809$111
35 years$4,113$2,767$1,813$1,162$733$94
36 years$3,955$2,626$1,696$1,070$664$79
37 years$3,805$2,494$1,587$986$602$67
38 years$3,664$2,370$1,486$909$545$56
39 years$3,531$2,254$1,393$838$495$47
40 years$3,404$2,145$1,305$773$449$40
41 years$3,284$2,041$1,224$713$407$34
42 years$3,170$1,944$1,148$658$369$28
43 years$3,062$1,852$1,077$608$335$24
44 years$2,958$1,766$1,011$561$304$20
45 years$2,860$1,684$950$518$276$17
46 years$2,766$1,606$892$479$251$14
47 years$2,677$1,533$838$442$228$12
48 years$2,591$1,463$787$409$207$10
49 years$2,509$1,397$740$378$188$9
50 years$2,431$1,335$696$349$171$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,490,000, adding $2,431 every year, while hoping to spend $43,534 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: 80/15/5 Blend
49$2,490,000$2,490,000$2,490,000$2,490,000
50$2,746,488$2,614,518$2,575,923$2,965,581
51$2,980,309$2,696,309$2,615,896$3,191,079
52$3,236,522$2,780,649$2,655,750$3,432,419
53$3,517,363$2,867,617$2,695,433$3,695,880
54$3,825,298$2,957,294$2,734,894$3,983,646
55$4,163,041$3,049,764$2,774,075$4,298,120
56$4,533,581$3,145,113$2,812,917$4,641,948
57$4,940,213$3,243,430$2,851,357$5,018,046
58$5,386,564$3,344,807$2,889,326$5,429,622
59$5,876,630$3,449,339$2,926,755$5,880,211
60$6,414,813$3,557,123$2,963,568$6,373,704
61$7,005,961$3,668,259$2,999,685$6,914,389
62$7,655,417$3,782,852$3,035,022$7,506,987
63$8,369,065$3,901,007$3,069,491$8,156,698
64$9,153,389$4,022,835$3,102,997$8,869,250
65$10,015,529$4,148,449$3,135,443$9,650,953
66$10,963,356$4,277,966$3,166,723$10,508,757
67$12,005,537$4,411,505$3,196,727$11,450,318
68$13,151,625$4,549,192$3,225,340$12,484,069
69$14,412,141$4,691,153$3,252,440$13,619,302
70$15,798,680$4,837,520$3,277,897$14,866,253
71$17,324,016$4,988,429$3,301,577$16,236,197
72$19,002,223$5,144,020$3,323,338$17,741,557
73$20,848,809$5,304,436$3,343,028$19,396,019
74$22,880,860$5,469,825$3,360,492$21,214,663
75$25,117,202$5,640,341$3,375,563$23,214,102
76$27,578,580$5,816,141$3,388,068$25,412,639
77$30,287,850$5,997,387$3,397,823$27,830,442
78$33,270,198$6,184,246$3,404,637$30,489,730
79$36,553,374$6,376,890$3,408,309$33,414,986
80$40,167,958$6,575,497$3,408,626$36,633,185
81$44,147,642$6,780,249$3,405,368$40,174,049
82$48,529,554$6,991,334$3,398,300$44,070,327
83$53,354,605$7,208,946$3,387,180$48,358,105
84$58,667,875$7,433,285$3,371,751$53,077,143
85$64,519,039$7,664,556$3,351,745$58,271,253
86$70,962,832$7,902,971$3,326,880$63,988,711
87$78,059,573$8,148,748$3,296,862$70,282,711
88$85,875,725$8,402,112$3,261,382$77,211,868
89$94,484,527$8,663,294$3,220,117$84,840,769
90$103,966,687$8,932,533$3,172,728$93,240,586
91$114,411,135$9,210,073$3,118,861$102,489,743
92$125,915,873$9,496,169$3,058,145$112,674,656
93$138,588,890$9,791,079$2,990,191$123,890,552
94$152,549,187$10,095,072$2,914,592$136,242,363
95$167,927,897$10,408,424$2,830,925$149,845,719
96$184,869,525$10,731,419$2,738,743$164,828,035
97$203,533,308$11,064,350$2,637,582$181,329,719
98$224,094,720$11,407,518$2,526,956$199,505,492
99$246,747,128$11,761,233$2,406,356$219,525,848
100$271,703,617$12,125,815$2,275,250$241,578,666