Can I retire at age 50 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$208,925$207,064$205,248$203,476$201,746$196,153
2 years$103,428$101,502$99,635$97,825$96,069$90,476
3 years$68,267$66,333$64,471$62,677$60,950$55,532
4 years$50,690$48,762$46,918$45,156$43,470$38,269
5 years$40,147$38,230$36,410$34,684$33,045$28,075
6 years$33,120$31,217$29,425$27,737$26,148$21,413
7 years$28,103$26,216$24,452$22,804$21,265$16,766
8 years$24,342$22,472$20,737$19,130$17,641$13,376
9 years$21,418$19,566$17,861$16,294$14,857$10,820
10 years$19,080$17,247$15,572$14,046$12,659$8,846
11 years$17,169$15,354$13,709$12,224$10,887$7,292
12 years$15,577$13,781$12,167$10,722$9,434$6,051
13 years$14,232$12,454$10,870$9,466$8,227$5,047
14 years$13,079$11,320$9,767$8,403$7,212$4,228
15 years$12,081$10,341$8,818$7,494$6,350$3,554
16 years$11,209$9,488$7,995$6,710$5,612$2,997
17 years$10,440$8,738$7,275$6,029$4,976$2,532
18 years$9,757$8,074$6,641$5,433$4,424$2,144
19 years$9,147$7,483$6,080$4,909$3,943$1,819
20 years$8,599$6,954$5,580$4,446$3,522$1,545
21 years$8,103$6,477$5,132$4,035$3,152$1,314
22 years$7,653$6,046$4,730$3,669$2,825$1,119
23 years$7,243$5,655$4,367$3,342$2,536$953
24 years$6,868$5,298$4,039$3,048$2,280$813
25 years$6,523$4,972$3,741$2,783$2,051$693
26 years$6,205$4,673$3,470$2,545$1,848$592
27 years$5,911$4,398$3,222$2,329$1,666$505
28 years$5,639$4,144$2,995$2,134$1,503$432
29 years$5,386$3,909$2,787$1,957$1,357$369
30 years$5,150$3,692$2,596$1,796$1,226$315
31 years$4,930$3,490$2,420$1,650$1,109$270
32 years$4,724$3,302$2,258$1,516$1,003$231
33 years$4,531$3,127$2,109$1,394$908$197
34 years$4,350$2,964$1,970$1,283$822$169
35 years$4,179$2,811$1,842$1,181$744$144
36 years$4,018$2,668$1,723$1,088$674$123
37 years$3,867$2,534$1,613$1,002$611$106
38 years$3,723$2,409$1,510$924$554$90
39 years$3,587$2,290$1,415$852$503$77
40 years$3,459$2,179$1,326$785$456$66
41 years$3,337$2,074$1,244$725$414$57
42 years$3,221$1,975$1,167$669$375$49
43 years$3,111$1,882$1,095$617$341$42
44 years$3,006$1,794$1,027$570$309$36
45 years$2,906$1,711$965$526$281$30
46 years$2,811$1,632$906$486$255$26
47 years$2,720$1,558$851$449$231$22
48 years$2,633$1,487$800$415$210$19
49 years$2,550$1,420$752$384$191$16
50 years$2,470$1,356$707$355$173$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,530,000, adding $5,367 every year, while hoping to spend $39,925 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: 68/15/17 Blend
49$2,530,000$2,530,000$2,530,000$2,530,000
50$2,793,596$2,659,506$2,620,291$2,971,798
51$3,036,063$2,747,342$2,665,591$3,179,230
52$3,301,923$2,838,144$2,711,070$3,400,844
53$3,593,521$2,932,014$2,756,693$3,642,255
54$3,913,438$3,029,061$2,802,420$3,905,410
55$4,264,519$3,129,395$2,848,210$4,192,449
56$4,649,894$3,233,129$2,894,020$4,505,730
57$5,073,015$3,340,385$2,939,802$4,847,849
58$5,537,683$3,451,284$2,985,505$5,221,665
59$6,048,084$3,565,954$3,031,077$5,630,327
60$6,608,831$3,684,529$3,076,461$6,077,301
61$7,225,006$3,807,144$3,121,596$6,566,407
62$7,902,205$3,933,943$3,166,419$7,101,850
63$8,646,597$4,065,073$3,210,860$7,688,264
64$9,464,976$4,200,688$3,254,850$8,330,752
65$10,364,826$4,340,944$3,298,310$9,034,934
66$11,354,395$4,486,007$3,341,161$9,807,002
67$12,442,770$4,636,048$3,383,316$10,653,778
68$13,639,961$4,791,243$3,424,685$11,582,774
69$14,956,999$4,951,775$3,465,174$12,602,270
70$16,406,036$5,117,835$3,504,680$13,721,383
71$18,000,462$5,289,620$3,543,098$14,950,161
72$19,755,032$5,467,334$3,580,314$16,299,673
73$21,686,001$5,651,189$3,616,211$17,782,112
74$23,811,282$5,841,406$3,650,662$19,410,914
75$26,150,610$6,038,213$3,683,537$21,200,882
76$28,725,733$6,241,847$3,714,697$23,168,325
77$31,560,614$6,452,553$3,743,995$25,331,212
78$34,681,655$6,670,586$3,771,277$27,709,344
79$38,117,951$6,896,212$3,796,382$30,324,534
80$41,901,560$7,129,705$3,819,139$33,200,821
81$46,067,808$7,371,349$3,839,369$36,364,688
82$50,655,621$7,621,441$3,856,884$39,845,320
83$55,707,890$7,880,288$3,871,486$43,674,872
84$61,271,881$8,148,209$3,882,967$47,888,777
85$67,399,675$8,425,533$3,891,109$52,526,075
86$74,148,664$8,712,606$3,895,682$57,629,788
87$81,582,087$9,009,783$3,896,447$63,247,320
88$89,769,632$9,317,435$3,893,151$69,430,905
89$98,788,092$9,635,946$3,885,528$76,238,104
90$108,722,086$9,965,716$3,873,302$83,732,342
91$119,664,862$10,307,160$3,856,181$91,983,508
92$131,719,175$10,660,708$3,833,860$101,068,618
93$144,998,255$11,026,807$3,806,019$111,072,537
94$159,626,879$11,405,922$3,772,322$122,088,782
95$175,742,545$11,798,536$3,732,419$134,220,402
96$193,496,770$12,205,151$3,685,941$147,580,955
97$213,056,525$12,626,287$3,632,504$162,295,575
98$234,605,801$13,062,485$3,571,704$178,502,154
99$258,347,355$13,514,309$3,503,118$196,352,643
100$284,504,618$13,982,343$3,426,305$216,014,487