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

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$209,751$207,882$206,060$204,280$202,543$196,453
2 years$103,837$101,903$100,029$98,212$96,449$90,365
3 years$68,537$66,595$64,725$62,925$61,191$55,303
4 years$50,891$48,954$47,103$45,334$43,642$37,996
5 years$40,305$38,381$36,554$34,821$33,176$27,787
6 years$33,251$31,341$29,541$27,847$26,251$21,124
7 years$28,214$26,320$24,549$22,894$21,349$16,483
8 years$24,438$22,561$20,819$19,205$17,711$13,104
9 years$21,503$19,643$17,932$16,359$14,915$10,561
10 years$19,156$17,315$15,633$14,101$12,709$8,602
11 years$17,237$15,414$13,763$12,272$10,930$7,064
12 years$15,639$13,835$12,215$10,765$9,472$5,838
13 years$14,288$12,503$10,913$9,503$8,259$4,850
14 years$13,131$11,365$9,805$8,436$7,240$4,046
15 years$12,129$10,382$8,853$7,524$6,375$3,387
16 years$11,253$9,525$8,026$6,737$5,634$2,843
17 years$10,481$8,772$7,304$6,053$4,996$2,392
18 years$9,796$8,106$6,667$5,455$4,442$2,017
19 years$9,183$7,513$6,104$4,929$3,959$1,703
20 years$8,633$6,981$5,602$4,464$3,536$1,440
21 years$8,135$6,503$5,152$4,051$3,165$1,219
22 years$7,683$6,070$4,749$3,684$2,837$1,033
23 years$7,272$5,677$4,385$3,355$2,546$876
24 years$6,895$5,319$4,055$3,060$2,289$743
25 years$6,549$4,992$3,756$2,794$2,059$631
26 years$6,229$4,691$3,483$2,555$1,855$536
27 years$5,934$4,415$3,235$2,339$1,673$456
28 years$5,661$4,160$3,007$2,143$1,509$387
29 years$5,407$3,925$2,798$1,965$1,363$329
30 years$5,170$3,707$2,606$1,803$1,231$280
31 years$4,949$3,504$2,430$1,656$1,113$238
32 years$4,743$3,315$2,267$1,522$1,007$203
33 years$4,549$3,140$2,117$1,400$911$173
34 years$4,367$2,976$1,978$1,288$825$147
35 years$4,195$2,822$1,849$1,185$747$125
36 years$4,034$2,679$1,730$1,092$677$106
37 years$3,882$2,544$1,619$1,006$614$91
38 years$3,738$2,418$1,516$927$556$77
39 years$3,602$2,299$1,421$855$505$66
40 years$3,473$2,188$1,331$789$458$56
41 years$3,350$2,082$1,248$728$415$48
42 years$3,234$1,983$1,171$671$377$41
43 years$3,123$1,890$1,099$620$342$35
44 years$3,018$1,801$1,032$572$310$29
45 years$2,918$1,718$969$529$282$25
46 years$2,822$1,639$910$488$256$21
47 years$2,731$1,564$855$451$232$18
48 years$2,643$1,493$803$417$211$15
49 years$2,560$1,425$755$385$192$13
50 years$2,480$1,362$710$356$174$11

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 $5,735 every year, while hoping to spend $45,338 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: 23/47/30 Blend
49$2,540,000$2,540,000$2,540,000$2,540,000
50$2,804,996$2,670,376$2,631,006$2,842,938
51$3,042,866$2,752,985$2,670,905$2,959,390
52$3,303,479$2,838,122$2,710,622$3,079,821
53$3,589,108$2,925,864$2,750,101$3,207,805
54$3,902,254$3,016,288$2,789,287$3,343,998
55$4,245,673$3,109,476$2,828,117$3,489,119
56$4,622,401$3,205,509$2,866,528$3,643,958
57$5,035,781$3,304,474$2,904,451$3,809,384
58$5,489,495$3,406,457$2,941,815$3,986,351
59$5,987,599$3,511,550$2,978,542$4,175,909
60$6,534,563$3,619,845$3,014,552$4,379,210
61$7,135,309$3,731,437$3,049,759$4,597,523
62$7,795,259$3,846,426$3,084,074$4,832,243
63$8,520,386$3,964,911$3,117,402$5,084,905
64$9,317,271$4,086,998$3,149,641$5,357,196
65$10,193,165$4,212,793$3,180,686$5,650,975
66$11,156,054$4,342,406$3,210,425$5,968,285
67$12,214,738$4,475,950$3,238,740$6,311,377
68$13,378,912$4,613,543$3,265,509$6,682,726
69$14,659,257$4,755,303$3,290,600$7,085,059
70$16,067,542$4,901,353$3,313,876$7,521,377
71$17,616,732$5,051,821$3,335,192$7,994,984
72$19,321,115$5,206,836$3,354,397$8,509,518
73$21,196,430$5,366,532$3,371,330$9,068,986
74$23,260,021$5,531,047$3,385,825$9,677,798
75$25,530,997$5,700,523$3,397,704$10,340,815
76$28,030,415$5,875,104$3,406,783$11,063,387
77$30,781,473$6,054,940$3,412,866$11,851,407
78$33,809,736$6,240,185$3,415,750$12,711,368
79$37,143,370$6,430,996$3,415,219$13,650,421
80$40,813,415$6,627,535$3,411,050$14,676,442
81$44,854,069$6,829,970$3,403,005$15,798,110
82$49,303,017$7,038,471$3,390,839$17,024,983
83$54,201,783$7,253,215$3,374,290$18,367,593
84$59,596,123$7,474,381$3,353,088$19,837,542
85$65,536,458$7,702,156$3,326,947$21,447,614
86$72,078,346$7,936,730$3,295,568$23,211,890
87$79,283,006$8,178,299$3,258,639$25,145,889
88$87,217,901$8,427,064$3,215,832$27,266,706
89$95,957,368$8,683,232$3,166,803$29,593,179
90$105,583,323$8,947,013$3,111,194$32,146,063
91$116,186,032$9,218,627$3,048,629$34,948,229
92$127,864,964$9,498,296$2,978,715$38,024,876
93$140,729,727$9,786,249$2,901,038$41,403,772
94$154,901,105$10,082,722$2,815,170$45,115,512
95$170,512,199$10,387,956$2,720,658$49,193,812
96$187,709,675$10,702,198$2,617,033$53,675,822
97$206,655,160$11,025,703$2,503,801$58,602,482
98$227,526,755$11,358,732$2,380,447$64,018,901
99$250,520,725$11,701,551$2,246,433$69,974,791
100$275,853,347$12,054,434$2,101,197$76,524,930