Can I retire at age 50 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$213,880$211,975$210,116$208,302$206,530$202,030
2 years$105,881$103,909$101,998$100,145$98,348$93,837
3 years$69,886$67,906$65,999$64,164$62,396$58,014
4 years$51,892$49,918$48,031$46,226$44,501$40,283
5 years$41,099$39,136$37,274$35,506$33,829$29,787
6 years$33,905$31,958$30,123$28,395$26,768$22,905
7 years$28,769$26,838$25,032$23,345$21,769$18,087
8 years$24,919$23,005$21,229$19,583$18,060$14,557
9 years$21,926$20,030$18,285$16,681$15,209$11,883
10 years$19,533$17,656$15,941$14,379$12,959$9,806
11 years$17,576$15,718$14,034$12,514$11,145$8,161
12 years$15,947$14,107$12,455$10,976$9,658$6,838
13 years$14,569$12,749$11,128$9,691$8,422$5,762
14 years$13,389$11,588$9,998$8,602$7,383$4,877
15 years$12,368$10,586$9,027$7,672$6,500$4,143
16 years$11,475$9,713$8,184$6,869$5,745$3,530
17 years$10,688$8,945$7,448$6,172$5,094$3,016
18 years$9,989$8,266$6,799$5,562$4,529$2,582
19 years$9,364$7,660$6,224$5,026$4,037$2,215
20 years$8,803$7,118$5,712$4,552$3,606$1,903
21 years$8,295$6,631$5,254$4,131$3,227$1,637
22 years$7,835$6,189$4,842$3,756$2,892$1,410
23 years$7,415$5,789$4,471$3,421$2,596$1,216
24 years$7,030$5,424$4,135$3,120$2,334$1,049
25 years$6,677$5,090$3,830$2,849$2,100$906
26 years$6,352$4,784$3,552$2,605$1,892$782
27 years$6,051$4,502$3,298$2,385$1,705$676
28 years$5,773$4,242$3,066$2,185$1,539$585
29 years$5,513$4,002$2,853$2,004$1,390$506
30 years$5,272$3,780$2,658$1,839$1,256$438
31 years$5,047$3,573$2,478$1,689$1,135$379
32 years$4,836$3,381$2,312$1,552$1,027$328
33 years$4,638$3,202$2,159$1,427$929$284
34 years$4,453$3,034$2,017$1,313$841$246
35 years$4,278$2,878$1,886$1,209$762$213
36 years$4,114$2,732$1,764$1,113$690$185
37 years$3,958$2,594$1,651$1,026$626$160
38 years$3,811$2,466$1,546$945$567$139
39 years$3,673$2,345$1,448$872$514$120
40 years$3,541$2,231$1,358$804$467$104
41 years$3,416$2,123$1,273$742$423$90
42 years$3,297$2,022$1,194$685$384$78
43 years$3,185$1,927$1,121$632$349$68
44 years$3,077$1,837$1,052$584$316$59
45 years$2,975$1,751$988$539$287$51
46 years$2,877$1,671$928$498$261$44
47 years$2,784$1,594$871$460$237$38
48 years$2,695$1,522$819$425$215$33
49 years$2,610$1,454$770$393$195$29
50 years$2,529$1,388$724$363$177$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,590,000, adding $5,708 every year, while hoping to spend $34,569 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: 48/41/11 Blend
49$2,590,000$2,590,000$2,590,000$2,590,000
50$2,860,068$2,722,798$2,682,653$2,988,459
51$3,115,014$2,819,434$2,735,741$3,174,016
52$3,394,805$2,919,646$2,789,448$3,371,305
53$3,701,940$3,023,574$2,843,760$3,584,727
54$4,039,171$3,131,362$2,898,658$3,815,797
55$4,409,527$3,243,159$2,954,124$4,066,182
56$4,816,348$3,359,123$3,010,136$4,337,712
57$5,263,312$3,479,416$3,066,672$4,632,401
58$5,754,470$3,604,208$3,123,706$4,952,461
59$6,294,287$3,733,676$3,181,212$5,300,327
60$6,887,681$3,868,002$3,239,158$5,678,677
61$7,540,069$4,007,379$3,297,515$6,090,454
62$8,257,421$4,152,005$3,356,246$6,538,899
63$9,046,313$4,302,088$3,415,316$7,027,574
64$9,913,990$4,457,845$3,474,683$7,560,402
65$10,868,438$4,619,499$3,534,305$8,141,697
66$11,918,450$4,787,286$3,594,135$8,776,206
67$13,073,718$4,961,450$3,654,126$9,469,158
68$14,344,921$5,142,245$3,714,222$10,226,302
69$15,743,824$5,329,935$3,774,370$11,053,969
70$17,283,390$5,524,798$3,834,507$11,959,131
71$18,977,903$5,727,120$3,894,570$12,949,457
72$20,843,102$5,937,202$3,954,491$14,033,396
73$22,896,329$6,155,356$4,014,197$15,220,246
74$25,156,693$6,381,907$4,073,611$16,520,246
75$27,645,249$6,617,194$4,132,651$17,944,672
76$30,385,200$6,861,572$4,191,230$19,505,938
77$33,402,110$7,115,408$4,249,256$21,217,714
78$36,724,149$7,379,087$4,306,630$23,095,058
79$40,382,360$7,653,010$4,363,250$25,154,548
80$44,410,947$7,937,594$4,419,005$27,414,445
81$48,847,602$8,233,275$4,473,780$29,894,862
82$53,733,859$8,540,506$4,527,453$32,617,949
83$59,115,483$8,859,761$4,579,893$35,608,103
84$65,042,907$9,191,535$4,630,964$38,892,199
85$71,571,704$9,536,340$4,680,522$42,499,838
86$78,763,112$9,894,716$4,728,414$46,463,625
87$86,684,614$10,267,221$4,774,481$50,819,480
88$95,410,571$10,654,441$4,818,551$55,606,969
89$105,022,925$11,056,984$4,860,449$60,869,678
90$115,611,974$11,475,487$4,899,984$66,655,624
91$127,277,222$11,910,613$4,936,961$73,017,703
92$140,128,320$12,363,054$4,971,170$80,014,191
93$154,286,097$12,833,533$5,002,394$87,709,287
94$169,883,706$13,322,803$5,030,400$96,173,722
95$187,067,874$13,831,650$5,054,949$105,485,421
96$206,000,293$14,360,896$5,075,785$115,730,235
97$226,859,140$14,911,398$5,092,641$127,002,752
98$249,840,764$15,484,048$5,105,236$139,407,186
99$275,161,537$16,079,781$5,113,276$153,058,357
100$303,059,894$16,699,571$5,116,452$168,082,772