Can I retire at age 50 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$213,054$211,156$209,305$207,497$205,733$200,434
2 years$105,472$103,508$101,604$99,758$97,968$92,665
3 years$69,616$67,644$65,745$63,916$62,155$57,013
4 years$51,692$49,725$47,845$46,048$44,329$39,389
5 years$40,940$38,985$37,130$35,369$33,699$28,973
6 years$33,775$31,834$30,006$28,285$26,664$22,158
7 years$28,658$26,734$24,936$23,255$21,685$17,399
8 years$24,823$22,916$21,147$19,508$17,990$13,921
9 years$21,841$19,953$18,214$16,616$15,150$11,295
10 years$19,457$17,587$15,880$14,323$12,909$9,263
11 years$17,508$15,657$13,980$12,466$11,102$7,661
12 years$15,885$14,053$12,407$10,934$9,621$6,377
13 years$14,513$12,700$11,085$9,653$8,389$5,338
14 years$13,338$11,544$9,960$8,569$7,354$4,487
15 years$12,320$10,545$8,992$7,642$6,475$3,785
16 years$11,430$9,675$8,153$6,843$5,723$3,203
17 years$10,646$8,910$7,419$6,148$5,074$2,716
18 years$9,950$8,234$6,772$5,541$4,512$2,309
19 years$9,328$7,631$6,200$5,006$4,021$1,966
20 years$8,769$7,091$5,690$4,534$3,592$1,676
21 years$8,263$6,605$5,234$4,115$3,214$1,431
22 years$7,804$6,166$4,824$3,742$2,881$1,223
23 years$7,386$5,766$4,454$3,408$2,586$1,046
24 years$7,003$5,403$4,119$3,108$2,325$895
25 years$6,652$5,070$3,815$2,838$2,092$767
26 years$6,328$4,765$3,538$2,595$1,884$657
27 years$6,028$4,485$3,285$2,375$1,699$564
28 years$5,750$4,226$3,054$2,176$1,533$483
29 years$5,492$3,987$2,842$1,996$1,384$415
30 years$5,252$3,765$2,647$1,832$1,251$356
31 years$5,027$3,559$2,468$1,682$1,131$306
32 years$4,817$3,368$2,303$1,546$1,023$262
33 years$4,620$3,189$2,150$1,422$926$225
34 years$4,436$3,023$2,009$1,308$838$194
35 years$4,262$2,867$1,878$1,204$759$166
36 years$4,098$2,721$1,757$1,109$688$143
37 years$3,943$2,584$1,645$1,022$623$123
38 years$3,797$2,456$1,540$942$565$106
39 years$3,658$2,336$1,443$868$512$91
40 years$3,527$2,222$1,352$801$465$78
41 years$3,403$2,115$1,268$739$422$67
42 years$3,285$2,014$1,190$682$383$58
43 years$3,172$1,919$1,116$630$347$50
44 years$3,065$1,830$1,048$581$315$43
45 years$2,963$1,745$984$537$286$37
46 years$2,866$1,664$924$496$260$31
47 years$2,774$1,588$868$458$236$27
48 years$2,685$1,516$816$423$214$23
49 years$2,600$1,448$767$391$195$20
50 years$2,519$1,383$721$362$177$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,580,000, adding $6,383 every year, while hoping to spend $52,247 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: 64/19/17 Blend
49$2,580,000$2,580,000$2,580,000$2,580,000
50$2,849,744$2,713,004$2,673,014$3,019,703
51$3,084,828$2,790,351$2,706,970$3,211,876
52$3,342,138$2,869,737$2,740,312$3,415,173
53$3,623,889$2,951,206$2,772,964$3,636,006
54$3,932,515$3,034,804$2,804,848$3,876,087
55$4,270,698$3,120,577$2,835,877$4,137,302
56$4,641,394$3,208,570$2,865,964$4,421,730
57$5,047,857$3,298,830$2,895,014$4,731,657
58$5,493,669$3,391,403$2,922,928$5,069,604
59$5,982,778$3,486,337$2,949,601$5,438,346
60$6,519,532$3,583,679$2,974,923$5,840,938
61$7,108,721$3,683,475$2,998,779$6,280,748
62$7,755,618$3,785,773$3,021,047$6,761,485
63$8,466,037$3,890,621$3,041,597$7,287,235
64$9,246,377$3,998,066$3,060,295$7,862,497
65$10,103,691$4,108,155$3,076,999$8,492,231
66$11,045,748$4,220,935$3,091,559$9,181,898
67$12,081,107$4,336,454$3,103,818$9,937,518
68$13,219,196$4,454,756$3,113,612$10,765,720
69$14,470,403$4,575,888$3,120,767$11,673,809
70$15,846,173$4,699,896$3,125,102$12,669,836
71$17,359,115$4,826,823$3,126,425$13,762,667
72$19,023,121$4,956,714$3,124,537$14,962,076
73$20,853,498$5,089,610$3,119,227$16,278,827
74$22,867,107$5,225,554$3,110,274$17,724,786
75$25,082,532$5,364,586$3,097,448$19,313,025
76$27,520,244$5,506,745$3,080,506$21,057,947
77$30,202,800$5,652,066$3,059,194$22,975,425
78$33,155,055$5,800,587$3,033,246$25,082,949
79$36,404,394$5,952,339$3,002,384$27,399,791
80$39,980,993$6,107,354$2,966,314$29,947,189
81$43,918,100$6,265,661$2,924,732$32,748,544
82$48,252,353$6,427,285$2,877,316$35,829,645
83$53,024,119$6,592,248$2,823,733$39,218,908
84$58,277,881$6,760,570$2,763,630$42,947,649
85$64,062,654$6,932,267$2,696,641$47,050,376
86$70,432,448$7,107,351$2,622,381$51,565,117
87$77,446,775$7,285,829$2,540,448$56,533,775
88$85,171,216$7,467,704$2,450,423$62,002,530
89$93,678,033$7,652,974$2,351,865$68,022,271
90$103,046,855$7,841,633$2,244,315$74,649,077
91$113,365,427$8,033,666$2,127,293$81,944,744
92$124,730,439$8,229,054$2,000,296$89,977,376
93$137,248,437$8,427,771$1,862,799$98,822,020
94$151,036,829$8,629,783$1,714,254$108,561,379
95$166,224,992$8,835,049$1,554,088$119,286,591
96$182,955,494$9,043,518$1,381,702$131,098,092
97$201,385,436$9,255,133$1,196,471$144,106,562
98$221,687,940$9,469,824$997,742$158,433,972
99$244,053,776$9,687,512$784,834$174,214,734
100$268,693,169$9,908,107$557,033$191,596,971