Can I retire at age 50 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$208,099$206,246$204,437$202,672$200,948$197,945
2 years$103,019$101,101$99,241$97,438$95,690$92,671
3 years$67,997$66,070$64,216$62,430$60,709$57,769
4 years$50,490$48,569$46,733$44,977$43,299$40,459
5 years$39,988$38,079$36,266$34,547$32,915$30,184
6 years$32,989$31,094$29,309$27,627$26,044$23,426
7 years$27,992$26,113$24,356$22,714$21,181$18,676
8 years$24,246$22,383$20,655$19,054$17,572$15,179
9 years$21,333$19,489$17,791$16,230$14,798$12,517
10 years$19,005$17,178$15,510$13,990$12,609$10,438
11 years$17,101$15,293$13,655$12,176$10,844$8,781
12 years$15,516$13,726$12,118$10,680$9,397$7,439
13 years$14,175$12,404$10,827$9,429$8,194$6,339
14 years$13,027$11,275$9,728$8,370$7,183$5,427
15 years$12,033$10,300$8,783$7,464$6,325$4,665
16 years$11,165$9,450$7,963$6,683$5,590$4,023
17 years$10,399$8,703$7,246$6,005$4,956$3,479
18 years$9,719$8,042$6,615$5,412$4,407$3,016
19 years$9,111$7,453$6,056$4,890$3,928$2,620
20 years$8,565$6,926$5,558$4,429$3,508$2,279
21 years$8,071$6,451$5,112$4,019$3,140$1,986
22 years$7,623$6,022$4,711$3,655$2,814$1,733
23 years$7,214$5,632$4,350$3,328$2,526$1,514
24 years$6,840$5,277$4,023$3,036$2,271$1,324
25 years$6,497$4,952$3,726$2,772$2,043$1,159
26 years$6,180$4,654$3,456$2,535$1,840$1,015
27 years$5,888$4,380$3,209$2,320$1,659$889
28 years$5,617$4,128$2,983$2,126$1,497$780
29 years$5,364$3,894$2,776$1,949$1,352$684
30 years$5,130$3,677$2,586$1,789$1,222$600
31 years$4,910$3,476$2,411$1,643$1,104$527
32 years$4,705$3,289$2,249$1,510$999$463
33 years$4,513$3,115$2,100$1,389$904$407
34 years$4,332$2,952$1,962$1,278$819$357
35 years$4,162$2,800$1,835$1,176$741$314
36 years$4,002$2,658$1,716$1,083$672$276
37 years$3,851$2,524$1,606$998$609$243
38 years$3,708$2,399$1,504$920$552$213
39 years$3,573$2,281$1,409$848$501$188
40 years$3,445$2,170$1,321$782$454$165
41 years$3,324$2,066$1,239$722$412$145
42 years$3,208$1,968$1,162$666$374$128
43 years$3,099$1,875$1,090$615$339$112
44 years$2,994$1,787$1,023$568$308$99
45 years$2,895$1,704$961$524$280$87
46 years$2,800$1,626$903$484$254$77
47 years$2,709$1,551$848$447$230$67
48 years$2,622$1,481$797$414$209$59
49 years$2,540$1,414$749$382$190$52
50 years$2,460$1,351$704$353$173$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,520,000, adding $6,271 every year, while hoping to spend $40,922 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: 55/16/29 Blend
49$2,520,000$2,520,000$2,520,000$2,520,000
50$2,783,509$2,649,949$2,610,889$2,913,898
51$3,023,886$2,736,255$2,654,813$3,090,924
52$3,287,410$2,825,420$2,698,837$3,278,907
53$3,576,399$2,917,538$2,742,921$3,482,842
54$3,893,405$3,012,711$2,787,022$3,704,278
55$4,241,241$3,111,043$2,831,096$3,944,926
56$4,623,003$3,212,640$2,875,093$4,206,665
57$5,042,104$3,317,613$2,918,963$4,491,567
58$5,502,301$3,426,078$2,962,651$4,801,913
59$6,007,733$3,538,154$3,006,098$5,140,214
60$6,562,962$3,653,964$3,049,242$5,509,236
61$7,173,012$3,773,635$3,092,019$5,912,027
62$7,843,416$3,897,301$3,134,359$6,351,942
63$8,580,272$4,025,096$3,176,187$6,832,679
64$9,390,298$4,157,164$3,217,428$7,358,309
65$10,280,893$4,293,650$3,257,997$7,933,317
66$11,260,212$4,434,707$3,297,807$8,562,645
67$12,337,238$4,580,491$3,336,768$9,251,737
68$13,521,868$4,731,167$3,374,781$10,006,589
69$14,825,006$4,886,902$3,411,744$10,833,809
70$16,258,667$5,047,870$3,447,548$11,740,676
71$17,836,089$5,214,254$3,482,079$12,735,209
72$19,571,858$5,386,241$3,515,217$13,826,244
73$21,482,045$5,564,024$3,546,834$15,023,517
74$23,584,357$5,747,805$3,576,796$16,337,755
75$25,898,307$5,937,792$3,604,964$17,780,775
76$28,445,392$6,134,201$3,631,188$19,365,601
77$31,249,301$6,337,257$3,655,312$21,106,582
78$34,336,138$6,547,190$3,677,173$23,019,527
79$37,734,663$6,764,242$3,696,597$25,121,858
80$41,476,569$6,988,660$3,713,404$27,432,771
81$45,596,778$7,220,704$3,727,402$29,973,420
82$50,133,771$7,460,640$3,738,392$32,767,112
83$55,129,950$7,708,745$3,746,162$35,839,532
84$60,632,040$7,965,308$3,750,493$39,218,980
85$66,691,525$8,230,626$3,751,152$42,936,644
86$73,365,141$8,505,007$3,747,896$47,026,889
87$80,715,405$8,788,772$3,740,470$51,527,584
88$88,811,207$9,082,253$3,728,607$56,480,461
89$97,728,460$9,385,793$3,712,025$61,931,502
90$107,550,816$9,699,750$3,690,431$67,931,383
91$118,370,455$10,024,493$3,663,516$74,535,943
92$130,288,955$10,360,406$3,630,957$81,806,716
93$143,418,250$10,707,888$3,592,416$89,811,512
94$157,881,688$11,067,351$3,547,538$98,625,055
95$173,815,192$11,439,223$3,495,952$108,329,689
96$191,368,545$11,823,948$3,437,270$119,016,156
97$210,706,802$12,221,987$3,371,084$130,784,452
98$232,011,850$12,633,819$3,296,969$143,744,770
99$255,484,120$13,059,937$3,214,479$158,018,544
100$281,344,485$13,500,858$3,123,149$173,739,589