Can I retire at age 50 with 2,540,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$209,751$207,882$206,060$204,280$202,543$198,779
2 years$103,837$101,903$100,029$98,212$96,449$92,671
3 years$68,537$66,595$64,725$62,925$61,191$57,517
4 years$50,891$48,954$47,103$45,334$43,642$40,099
5 years$40,305$38,381$36,554$34,821$33,176$29,775
6 years$33,251$31,341$29,541$27,847$26,251$22,996
7 years$28,214$26,320$24,549$22,894$21,349$18,241
8 years$24,438$22,561$20,819$19,205$17,711$14,749
9 years$21,503$19,643$17,932$16,359$14,915$12,097
10 years$19,156$17,315$15,633$14,101$12,709$10,032
11 years$17,237$15,414$13,763$12,272$10,930$8,392
12 years$15,639$13,835$12,215$10,765$9,472$7,068
13 years$14,288$12,503$10,913$9,503$8,259$5,987
14 years$13,131$11,365$9,805$8,436$7,240$5,095
15 years$12,129$10,382$8,853$7,524$6,375$4,352
16 years$11,253$9,525$8,026$6,737$5,634$3,730
17 years$10,481$8,772$7,304$6,053$4,996$3,205
18 years$9,796$8,106$6,667$5,455$4,442$2,760
19 years$9,183$7,513$6,104$4,929$3,959$2,382
20 years$8,633$6,981$5,602$4,464$3,536$2,059
21 years$8,135$6,503$5,152$4,051$3,165$1,782
22 years$7,683$6,070$4,749$3,684$2,837$1,544
23 years$7,272$5,677$4,385$3,355$2,546$1,339
24 years$6,895$5,319$4,055$3,060$2,289$1,163
25 years$6,549$4,992$3,756$2,794$2,059$1,011
26 years$6,229$4,691$3,483$2,555$1,855$879
27 years$5,934$4,415$3,235$2,339$1,673$764
28 years$5,661$4,160$3,007$2,143$1,509$665
29 years$5,407$3,925$2,798$1,965$1,363$579
30 years$5,170$3,707$2,606$1,803$1,231$505
31 years$4,949$3,504$2,430$1,656$1,113$440
32 years$4,743$3,315$2,267$1,522$1,007$383
33 years$4,549$3,140$2,117$1,400$911$334
34 years$4,367$2,976$1,978$1,288$825$292
35 years$4,195$2,822$1,849$1,185$747$254
36 years$4,034$2,679$1,730$1,092$677$222
37 years$3,882$2,544$1,619$1,006$614$194
38 years$3,738$2,418$1,516$927$556$169
39 years$3,602$2,299$1,421$855$505$147
40 years$3,473$2,188$1,331$789$458$129
41 years$3,350$2,082$1,248$728$415$112
42 years$3,234$1,983$1,171$671$377$98
43 years$3,123$1,890$1,099$620$342$86
44 years$3,018$1,801$1,032$572$310$75
45 years$2,918$1,718$969$529$282$65
46 years$2,822$1,639$910$488$256$57
47 years$2,731$1,564$855$451$232$50
48 years$2,643$1,493$803$417$211$43
49 years$2,560$1,425$755$385$192$38
50 years$2,480$1,362$710$356$174$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,540,000, adding $3,476 every year, while hoping to spend $41,345 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: 77/16/7 Blend
49$2,540,000$2,540,000$2,540,000$2,540,000
50$2,802,665$2,668,045$2,628,675$3,015,832
51$3,044,547$2,754,789$2,672,745$3,243,046
52$3,309,714$2,844,397$2,716,906$3,486,409
53$3,600,499$2,936,967$2,761,116$3,752,014
54$3,919,470$3,032,598$2,805,334$4,042,053
55$4,269,454$3,131,394$2,849,511$4,358,943
56$4,653,569$3,233,463$2,893,600$4,705,339
57$5,075,245$3,338,915$2,937,548$5,084,170
58$5,538,263$3,447,864$2,981,299$5,498,659
59$6,046,787$3,560,431$3,024,793$5,952,354
60$6,605,405$3,676,737$3,067,969$6,449,166
61$7,219,170$3,796,911$3,110,760$6,993,398
62$7,893,649$3,921,083$3,153,094$7,589,792
63$8,634,976$4,049,391$3,194,897$8,243,570
64$9,449,908$4,181,976$3,236,091$8,960,484
65$10,345,889$4,318,983$3,276,590$9,746,869
66$11,331,121$4,460,565$3,316,307$10,609,704
67$12,414,640$4,606,877$3,355,149$11,556,676
68$13,606,402$4,758,083$3,393,015$12,596,253
69$14,917,376$4,914,350$3,429,802$13,737,764
70$16,359,647$5,075,852$3,465,399$14,991,486
71$17,946,533$5,242,770$3,499,692$16,368,740
72$19,692,704$5,415,291$3,532,556$17,881,998
73$21,614,326$5,593,607$3,563,864$19,545,001
74$23,729,213$5,777,919$3,593,478$21,372,888
75$26,056,990$5,968,435$3,621,257$23,382,336
76$28,619,284$6,165,368$3,647,050$25,591,723
77$31,439,922$6,368,943$3,670,698$28,021,293
78$34,545,162$6,579,389$3,692,034$30,693,354
79$37,963,935$6,796,946$3,710,884$33,632,482
80$41,728,121$7,021,860$3,727,062$36,865,757
81$45,872,847$7,254,389$3,740,377$40,423,016
82$50,436,822$7,494,799$3,750,624$44,337,135
83$55,462,698$7,743,364$3,757,590$48,644,337
84$60,997,475$8,000,371$3,761,051$53,384,534
85$67,092,943$8,266,115$3,760,772$58,601,707
86$73,806,171$8,540,902$3,756,506$64,344,314
87$81,200,045$8,825,051$3,747,994$70,665,752
88$89,343,863$9,118,892$3,734,964$77,624,858
89$98,313,984$9,422,765$3,717,133$85,286,464
90$108,194,555$9,737,025$3,694,201$93,722,010
91$119,078,299$10,062,038$3,665,856$103,010,214
92$131,067,394$10,398,186$3,631,771$113,237,818
93$144,274,434$10,745,864$3,591,601$124,500,407
94$158,823,495$11,105,480$3,544,989$136,903,305
95$174,851,301$11,477,458$3,491,556$150,562,574
96$192,508,520$11,862,240$3,430,909$165,606,106
97$211,961,180$12,260,281$3,362,636$182,174,831
98$233,392,241$12,672,055$3,286,304$200,424,045
99$257,003,317$13,098,053$3,201,463$220,524,877
100$283,016,582$13,538,784$3,107,639$242,665,902