Can I retire at age 50 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$216,357$214,430$212,550$210,714$208,922$207,519
2 years$107,108$105,113$103,179$101,305$99,487$98,071
3 years$70,696$68,692$66,764$64,907$63,119$61,735
4 years$52,493$50,496$48,587$46,762$45,017$43,675
5 years$41,575$39,590$37,706$35,918$34,221$32,926
6 years$34,298$32,328$30,472$28,724$27,078$25,831
7 years$29,103$27,149$25,322$23,615$22,022$20,824
8 years$25,208$23,272$21,475$19,810$18,269$17,120
9 years$22,180$20,262$18,497$16,874$15,385$14,284
10 years$19,759$17,860$16,126$14,546$13,109$12,056
11 years$17,780$15,900$14,197$12,659$11,274$10,268
12 years$16,132$14,271$12,599$11,104$9,770$8,810
13 years$14,738$12,897$11,257$9,803$8,520$7,605
14 years$13,544$11,723$10,114$8,702$7,468$6,598
15 years$12,511$10,709$9,132$7,761$6,576$5,749
16 years$11,608$9,825$8,279$6,949$5,812$5,026
17 years$10,811$9,049$7,534$6,243$5,153$4,408
18 years$10,104$8,361$6,877$5,627$4,582$3,876
19 years$9,472$7,749$6,296$5,084$4,084$3,416
20 years$8,905$7,201$5,778$4,605$3,648$3,017
21 years$8,391$6,707$5,315$4,179$3,264$2,668
22 years$7,925$6,261$4,898$3,800$2,926$2,364
23 years$7,501$5,856$4,523$3,460$2,627$2,097
24 years$7,112$5,487$4,183$3,156$2,361$1,862
25 years$6,755$5,149$3,874$2,882$2,124$1,655
26 years$6,426$4,839$3,593$2,635$1,914$1,472
27 years$6,121$4,554$3,336$2,412$1,725$1,311
28 years$5,839$4,291$3,102$2,210$1,557$1,168
29 years$5,577$4,048$2,886$2,027$1,406$1,041
30 years$5,333$3,823$2,689$1,860$1,270$929
31 years$5,105$3,614$2,506$1,708$1,148$829
32 years$4,892$3,420$2,339$1,570$1,039$740
33 years$4,692$3,239$2,184$1,444$940$661
34 years$4,504$3,070$2,040$1,328$851$591
35 years$4,328$2,911$1,907$1,223$771$528
36 years$4,161$2,763$1,784$1,126$698$472
37 years$4,004$2,625$1,670$1,038$633$422
38 years$3,856$2,494$1,564$956$574$378
39 years$3,715$2,372$1,465$882$520$338
40 years$3,582$2,257$1,373$813$472$302
41 years$3,456$2,148$1,288$750$428$270
42 years$3,336$2,046$1,208$693$389$242
43 years$3,222$1,949$1,134$639$353$217
44 years$3,113$1,858$1,064$590$320$194
45 years$3,009$1,772$999$545$291$174
46 years$2,911$1,690$938$504$264$156
47 years$2,817$1,613$882$465$240$139
48 years$2,726$1,540$828$430$218$125
49 years$2,640$1,470$779$397$198$112
50 years$2,558$1,405$732$367$180$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,620,000, adding $2,948 every year, while hoping to spend $38,477 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: 70/22/8 Blend
49$2,620,000$2,620,000$2,620,000$2,620,000
50$2,890,281$2,751,421$2,710,811$3,088,407
51$3,144,150$2,845,301$2,760,684$3,313,764
52$3,422,625$2,942,492$2,810,938$3,555,273
53$3,728,173$3,043,115$2,861,545$3,818,492
54$4,063,516$3,147,297$2,912,476$4,105,546
55$4,431,648$3,255,168$2,963,697$4,418,773
56$4,835,870$3,366,865$3,015,175$4,760,747
57$5,279,816$3,482,529$3,066,871$5,134,302
58$5,767,492$3,602,307$3,118,746$5,542,558
59$6,303,308$3,726,352$3,170,756$5,988,950
60$6,892,125$3,854,823$3,222,855$6,477,260
61$7,539,297$3,987,884$3,274,996$7,011,651
62$8,250,721$4,125,706$3,327,124$7,596,710
63$9,032,897$4,268,468$3,379,185$8,237,485
64$9,892,983$4,416,354$3,431,119$8,939,538
65$10,838,869$4,569,557$3,482,862$9,708,992
66$11,879,244$4,728,275$3,534,349$10,552,592
67$13,023,684$4,892,718$3,585,506$11,477,767
68$14,282,738$5,063,100$3,636,260$12,492,698
69$15,668,031$5,239,646$3,686,528$13,606,398
70$17,192,371$5,422,588$3,736,227$14,828,794
71$18,869,868$5,612,171$3,785,266$16,170,819
72$20,716,072$5,808,645$3,833,550$17,644,519
73$22,748,116$6,012,273$3,880,978$19,263,161
74$24,984,876$6,223,327$3,927,444$21,041,364
75$27,447,155$6,442,091$3,972,834$22,995,228
76$30,157,871$6,668,860$4,017,031$25,142,493
77$33,142,280$6,903,940$4,059,907$27,502,700
78$36,428,211$7,147,651$4,101,332$30,097,381
79$40,046,327$7,400,324$4,141,165$32,950,254
80$44,030,417$7,662,306$4,179,260$36,087,452
81$48,417,715$7,933,954$4,215,460$39,537,767
82$53,249,248$8,215,643$4,249,604$43,332,920
83$58,570,224$8,507,762$4,281,518$47,507,861
84$64,430,460$8,810,716$4,311,023$52,101,097
85$70,884,852$9,124,926$4,337,927$57,155,058
86$77,993,890$9,450,831$4,362,031$62,716,489
87$85,824,232$9,788,887$4,383,124$68,836,899
88$94,449,330$10,139,568$4,400,985$75,573,041
89$103,950,125$10,503,371$4,415,381$82,987,448
90$114,415,811$10,880,809$4,426,069$91,149,022
91$125,944,674$11,272,419$4,432,793$100,133,685
92$138,645,022$11,678,759$4,435,283$110,025,093
93$152,636,206$12,100,410$4,433,257$120,915,425
94$168,049,748$12,537,978$4,426,419$132,906,250
95$185,030,576$12,992,094$4,414,459$146,109,488
96$203,738,402$13,463,413$4,397,050$160,648,465
97$224,349,219$13,952,621$4,373,851$176,659,072
98$247,056,968$14,460,428$4,344,504$194,291,051
99$272,075,369$14,987,579$4,308,635$213,709,405
100$299,639,931$15,534,845$4,265,849$235,095,954