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%16.7%
1 years$205,622$203,790$202,003$200,259$198,556$193,130
2 years$101,793$99,897$98,060$96,278$94,551$89,123
3 years$67,188$65,284$63,451$61,687$59,987$54,728
4 years$49,889$47,991$46,176$44,442$42,783$37,734
5 years$39,512$37,625$35,835$34,135$32,523$27,697
6 years$32,596$30,724$28,960$27,298$25,734$21,136
7 years$27,659$25,802$24,066$22,444$20,929$16,559
8 years$23,957$22,117$20,410$18,827$17,363$13,218
9 years$21,079$19,257$17,579$16,037$14,622$10,699
10 years$18,779$16,974$15,326$13,824$12,458$8,752
11 years$16,898$15,111$13,492$12,031$10,715$7,220
12 years$15,331$13,563$11,974$10,553$9,285$5,994
13 years$14,007$12,257$10,698$9,316$8,097$5,004
14 years$12,872$11,141$9,612$8,270$7,098$4,194
15 years$11,890$10,178$8,679$7,375$6,249$3,529
16 years$11,032$9,338$7,868$6,604$5,523$2,977
17 years$10,275$8,600$7,160$5,934$4,897$2,518
18 years$9,603$7,946$6,536$5,347$4,354$2,134
19 years$9,002$7,365$5,984$4,832$3,881$1,811
20 years$8,463$6,844$5,491$4,376$3,467$1,540
21 years$7,975$6,375$5,051$3,972$3,102$1,310
22 years$7,532$5,950$4,655$3,611$2,781$1,116
23 years$7,129$5,565$4,298$3,289$2,496$952
24 years$6,759$5,214$3,975$2,999$2,244$812
25 years$6,420$4,893$3,682$2,739$2,019$693
26 years$6,107$4,599$3,415$2,505$1,819$592
27 years$5,818$4,328$3,171$2,293$1,640$506
28 years$5,550$4,078$2,948$2,100$1,479$433
29 years$5,301$3,848$2,743$1,926$1,336$370
30 years$5,069$3,634$2,555$1,768$1,207$317
31 years$4,852$3,435$2,382$1,624$1,091$271
32 years$4,649$3,250$2,223$1,492$987$232
33 years$4,459$3,078$2,075$1,372$893$199
34 years$4,281$2,917$1,939$1,262$809$170
35 years$4,113$2,767$1,813$1,162$733$146
36 years$3,955$2,626$1,696$1,070$664$125
37 years$3,805$2,494$1,587$986$602$107
38 years$3,664$2,370$1,486$909$545$91
39 years$3,531$2,254$1,393$838$495$78
40 years$3,404$2,145$1,305$773$449$67
41 years$3,284$2,041$1,224$713$407$57
42 years$3,170$1,944$1,148$658$369$49
43 years$3,062$1,852$1,077$608$335$42
44 years$2,958$1,766$1,011$561$304$36
45 years$2,860$1,684$950$518$276$31
46 years$2,766$1,606$892$479$251$27
47 years$2,677$1,533$838$442$228$23
48 years$2,591$1,463$787$409$207$19
49 years$2,509$1,397$740$378$188$17
50 years$2,431$1,335$696$349$171$14

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 $2,017 every year, while hoping to spend $35,369 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: 79/11/10 Blend
49$2,490,000$2,490,000$2,490,000$2,490,000
50$2,746,061$2,614,091$2,575,496$2,958,297
51$2,988,526$2,704,549$2,624,142$3,188,396
52$3,254,538$2,798,254$2,673,233$3,435,972
53$3,546,461$2,895,328$2,722,746$3,706,542
54$3,866,898$2,995,897$2,772,656$4,002,384
55$4,218,719$3,100,093$2,822,937$4,326,008
56$4,605,083$3,208,053$2,873,561$4,680,178
57$5,029,473$3,319,918$2,924,496$5,067,939
58$5,495,722$3,435,837$2,975,710$5,492,643
59$6,008,056$3,555,964$3,027,167$5,957,981
60$6,571,128$3,680,457$3,078,828$6,468,021
61$7,190,067$3,809,483$3,130,652$7,027,242
62$7,870,522$3,943,215$3,182,597$7,640,576
63$8,618,715$4,081,833$3,234,614$8,313,458
64$9,441,504$4,225,523$3,286,653$9,051,874
65$10,346,444$4,374,480$3,338,662$9,862,418
66$11,341,857$4,528,905$3,390,584$10,752,354
67$12,436,915$4,689,010$3,442,357$11,729,683
68$13,641,722$4,855,013$3,493,917$12,803,222
69$14,967,411$5,027,142$3,545,197$13,982,681
70$16,426,248$5,205,633$3,596,122$15,278,760
71$18,031,750$5,390,734$3,646,617$16,703,246
72$19,798,809$5,582,700$3,696,599$18,269,125
73$21,743,834$5,781,799$3,745,981$19,990,706
74$23,884,906$5,988,309$3,794,673$21,883,752
75$26,241,949$6,202,518$3,842,577$23,965,630
76$28,836,914$6,424,728$3,889,590$26,255,478
77$31,693,992$6,655,253$3,935,604$28,774,379
78$34,839,837$6,894,418$3,980,505$31,545,563
79$38,303,820$7,142,564$4,024,171$34,594,628
80$42,118,304$7,400,043$4,066,475$37,949,777
81$46,318,951$7,667,226$4,107,282$41,642,084
82$50,945,059$7,944,494$4,146,450$45,705,791
83$56,039,929$8,232,249$4,183,830$50,178,628
84$61,651,278$8,530,905$4,219,265$55,102,165
85$67,831,685$8,840,897$4,252,588$60,522,213
86$74,639,092$9,162,675$4,283,624$66,489,247
87$82,137,344$9,496,711$4,312,190$73,058,885
88$90,396,797$9,843,494$4,338,092$80,292,416
89$99,494,980$10,203,535$4,361,128$88,257,371
90$109,517,325$10,577,366$4,381,083$97,028,167
91$120,557,977$10,965,541$4,397,734$106,686,805
92$132,720,676$11,368,637$4,410,843$117,323,642
93$146,119,742$11,787,258$4,420,164$129,038,247
94$160,881,153$12,222,031$4,425,436$141,940,338
95$177,143,729$12,673,609$4,426,387$156,150,819
96$195,060,447$13,142,674$4,422,729$171,802,918
97$214,799,885$13,629,937$4,414,163$189,043,445
98$236,547,809$14,136,139$4,400,373$208,034,179
99$260,508,928$14,662,053$4,381,028$228,953,391
100$286,908,829$15,208,484$4,355,783$251,997,529