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%12.9%
1 years$205,622$203,790$202,003$200,259$198,556$196,156
2 years$101,793$99,897$98,060$96,278$94,551$92,135
3 years$67,188$65,284$63,451$61,687$59,987$57,631
4 years$49,889$47,991$46,176$44,442$42,783$40,505
5 years$39,512$37,625$35,835$34,135$32,523$30,330
6 years$32,596$30,724$28,960$27,298$25,734$23,628
7 years$27,659$25,802$24,066$22,444$20,929$18,911
8 years$23,957$22,117$20,410$18,827$17,363$15,432
9 years$21,079$19,257$17,579$16,037$14,622$12,779
10 years$18,779$16,974$15,326$13,824$12,458$10,701
11 years$16,898$15,111$13,492$12,031$10,715$9,041
12 years$15,331$13,563$11,974$10,553$9,285$7,694
13 years$14,007$12,257$10,698$9,316$8,097$6,586
14 years$12,872$11,141$9,612$8,270$7,098$5,665
15 years$11,890$10,178$8,679$7,375$6,249$4,893
16 years$11,032$9,338$7,868$6,604$5,523$4,240
17 years$10,275$8,600$7,160$5,934$4,897$3,685
18 years$9,603$7,946$6,536$5,347$4,354$3,211
19 years$9,002$7,365$5,984$4,832$3,881$2,803
20 years$8,463$6,844$5,491$4,376$3,467$2,452
21 years$7,975$6,375$5,051$3,972$3,102$2,148
22 years$7,532$5,950$4,655$3,611$2,781$1,884
23 years$7,129$5,565$4,298$3,289$2,496$1,655
24 years$6,759$5,214$3,975$2,999$2,244$1,455
25 years$6,420$4,893$3,682$2,739$2,019$1,280
26 years$6,107$4,599$3,415$2,505$1,819$1,127
27 years$5,818$4,328$3,171$2,293$1,640$994
28 years$5,550$4,078$2,948$2,100$1,479$876
29 years$5,301$3,848$2,743$1,926$1,336$773
30 years$5,069$3,634$2,555$1,768$1,207$682
31 years$4,852$3,435$2,382$1,624$1,091$602
32 years$4,649$3,250$2,223$1,492$987$532
33 years$4,459$3,078$2,075$1,372$893$470
34 years$4,281$2,917$1,939$1,262$809$416
35 years$4,113$2,767$1,813$1,162$733$367
36 years$3,955$2,626$1,696$1,070$664$325
37 years$3,805$2,494$1,587$986$602$287
38 years$3,664$2,370$1,486$909$545$254
39 years$3,531$2,254$1,393$838$495$225
40 years$3,404$2,145$1,305$773$449$199
41 years$3,284$2,041$1,224$713$407$176
42 years$3,170$1,944$1,148$658$369$156
43 years$3,062$1,852$1,077$608$335$138
44 years$2,958$1,766$1,011$561$304$122
45 years$2,860$1,684$950$518$276$108
46 years$2,766$1,606$892$479$251$96
47 years$2,677$1,533$838$442$228$85
48 years$2,591$1,463$787$409$207$75
49 years$2,509$1,397$740$378$188$66
50 years$2,431$1,335$696$349$171$59

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 $3,741 every year, while hoping to spend $24,753 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: 50/20/30 Blend
49$2,490,000$2,490,000$2,490,000$2,490,000
50$2,747,839$2,615,869$2,577,274$2,861,679
51$3,001,781$2,717,709$2,637,276$3,043,710
52$3,280,796$2,823,711$2,698,458$3,238,715
53$3,587,415$2,934,050$2,760,834$3,450,211
54$3,924,427$3,048,913$2,824,416$3,679,779
55$4,294,903$3,168,495$2,889,219$3,929,156
56$4,702,228$3,292,996$2,955,253$4,200,253
57$5,150,132$3,422,629$3,022,530$4,495,173
58$5,642,722$3,557,615$3,091,062$4,816,230
59$6,184,526$3,698,185$3,160,859$5,165,969
60$6,780,531$3,844,579$3,231,931$5,547,192
61$7,436,232$3,997,050$3,304,287$5,962,983
62$8,157,682$4,155,860$3,377,936$6,416,736
63$8,951,554$4,321,286$3,452,885$6,912,187
64$9,825,197$4,493,613$3,529,141$7,453,447
65$10,786,711$4,673,143$3,606,711$8,045,044
66$11,845,017$4,860,190$3,685,598$8,691,963
67$13,009,950$5,055,080$3,765,806$9,399,692
68$14,292,344$5,258,158$3,847,340$10,174,272
69$15,704,136$5,469,781$3,930,198$11,022,358
70$17,258,481$5,690,323$4,014,383$11,951,276
71$18,969,874$5,920,176$4,099,893$12,969,095
72$20,854,286$6,159,750$4,186,724$14,084,700
73$22,929,317$6,409,472$4,274,873$15,307,877
74$25,214,359$6,669,788$4,364,334$16,649,403
75$27,730,784$6,941,167$4,455,099$18,121,150
76$30,502,137$7,224,098$4,547,157$19,736,191
77$33,554,366$7,519,090$4,640,499$21,508,927
78$36,916,065$7,826,679$4,735,109$23,455,221
79$40,618,740$8,147,423$4,830,972$25,592,545
80$44,697,112$8,481,906$4,928,069$27,940,147
81$49,189,438$8,830,740$5,026,380$30,519,230
82$54,137,877$9,194,564$5,125,881$33,353,149
83$59,588,888$9,574,044$5,226,545$36,467,636
84$65,593,663$9,969,881$5,328,343$39,891,035
85$72,208,617$10,382,806$5,431,243$43,654,574
86$79,495,915$10,813,582$5,535,208$47,792,655
87$87,524,061$11,263,010$5,640,200$52,343,180
88$96,368,544$11,731,926$5,746,176$57,347,906
89$106,112,550$12,221,206$5,853,088$62,852,838
90$116,847,750$12,731,764$5,960,885$68,908,661
91$128,675,158$13,264,559$6,069,513$75,571,221
92$141,706,094$13,820,592$6,178,912$82,902,045
93$156,063,227$14,400,912$6,289,017$90,968,924
94$171,881,735$15,006,616$6,399,758$99,846,550
95$189,310,583$15,638,851$6,511,061$109,617,221
96$208,513,926$16,298,819$6,622,845$120,371,613
97$229,672,661$16,987,775$6,735,024$132,209,637
98$252,986,131$17,707,035$6,847,506$145,241,380
99$278,674,012$18,457,975$6,960,193$159,588,140
100$306,978,380$19,242,034$7,072,978$175,383,572