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%16.6%
1 years$216,357$214,430$212,550$210,714$208,922$203,295
2 years$107,108$105,113$103,179$101,305$99,487$93,857
3 years$70,696$68,692$66,764$64,907$63,119$57,663
4 years$52,493$50,496$48,587$46,762$45,017$39,777
5 years$41,575$39,590$37,706$35,918$34,221$29,212
6 years$34,298$32,328$30,472$28,724$27,078$22,305
7 years$29,103$27,149$25,322$23,615$22,022$17,484
8 years$25,208$23,272$21,475$19,810$18,269$13,965
9 years$22,180$20,262$18,497$16,874$15,385$11,310
10 years$19,759$17,860$16,126$14,546$13,109$9,258
11 years$17,780$15,900$14,197$12,659$11,274$7,642
12 years$16,132$14,271$12,599$11,104$9,770$6,349
13 years$14,738$12,897$11,257$9,803$8,520$5,303
14 years$13,544$11,723$10,114$8,702$7,468$4,449
15 years$12,511$10,709$9,132$7,761$6,576$3,745
16 years$11,608$9,825$8,279$6,949$5,812$3,162
17 years$10,811$9,049$7,534$6,243$5,153$2,676
18 years$10,104$8,361$6,877$5,627$4,582$2,269
19 years$9,472$7,749$6,296$5,084$4,084$1,928
20 years$8,905$7,201$5,778$4,605$3,648$1,640
21 years$8,391$6,707$5,315$4,179$3,264$1,397
22 years$7,925$6,261$4,898$3,800$2,926$1,191
23 years$7,501$5,856$4,523$3,460$2,627$1,016
24 years$7,112$5,487$4,183$3,156$2,361$868
25 years$6,755$5,149$3,874$2,882$2,124$742
26 years$6,426$4,839$3,593$2,635$1,914$634
27 years$6,121$4,554$3,336$2,412$1,725$542
28 years$5,839$4,291$3,102$2,210$1,557$464
29 years$5,577$4,048$2,886$2,027$1,406$397
30 years$5,333$3,823$2,689$1,860$1,270$340
31 years$5,105$3,614$2,506$1,708$1,148$291
32 years$4,892$3,420$2,339$1,570$1,039$250
33 years$4,692$3,239$2,184$1,444$940$214
34 years$4,504$3,070$2,040$1,328$851$183
35 years$4,328$2,911$1,907$1,223$771$157
36 years$4,161$2,763$1,784$1,126$698$135
37 years$4,004$2,625$1,670$1,038$633$115
38 years$3,856$2,494$1,564$956$574$99
39 years$3,715$2,372$1,465$882$520$85
40 years$3,582$2,257$1,373$813$472$73
41 years$3,456$2,148$1,288$750$428$62
42 years$3,336$2,046$1,208$693$389$53
43 years$3,222$1,949$1,134$639$353$46
44 years$3,113$1,858$1,064$590$320$39
45 years$3,009$1,772$999$545$291$34
46 years$2,911$1,690$938$504$264$29
47 years$2,817$1,613$882$465$240$25
48 years$2,726$1,540$828$430$218$21
49 years$2,640$1,470$779$397$198$18
50 years$2,558$1,405$732$367$180$16

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 $6,553 every year, while hoping to spend $50,362 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: 48/23/29 Blend
49$2,620,000$2,620,000$2,620,000$2,620,000
50$2,893,999$2,755,139$2,714,529$3,008,655
51$3,135,603$2,836,556$2,751,881$3,171,512
52$3,400,161$2,920,275$2,788,797$3,342,834
53$3,689,964$3,006,355$2,825,208$3,527,931
54$4,007,531$3,094,856$2,861,042$3,728,130
55$4,355,637$3,185,842$2,896,225$3,944,891
56$4,737,338$3,279,375$2,930,675$4,179,821
57$5,156,003$3,375,521$2,964,309$4,434,693
58$5,615,338$3,474,344$2,997,036$4,711,457
59$6,119,428$3,575,912$3,028,762$5,012,262
60$6,672,772$3,680,294$3,059,388$5,339,473
61$7,280,325$3,787,559$3,088,809$5,695,698
62$7,947,548$3,897,779$3,116,913$6,083,809
63$8,680,453$4,011,025$3,143,584$6,506,970
64$9,485,665$4,127,372$3,168,701$6,968,664
65$10,370,483$4,246,893$3,192,132$7,472,734
66$11,342,946$4,369,665$3,213,743$8,023,409
67$12,411,913$4,495,765$3,233,390$8,625,350
68$13,587,142$4,625,272$3,250,922$9,283,694
69$14,879,385$4,758,264$3,266,183$10,004,100
70$16,300,487$4,894,824$3,279,004$10,792,803
71$17,863,498$5,035,032$3,289,213$11,656,674
72$19,582,798$5,178,971$3,296,624$12,603,284
73$21,474,229$5,326,727$3,301,047$13,640,976
74$23,555,247$5,478,383$3,302,278$14,778,944
75$25,845,084$5,634,025$3,300,106$16,027,318
76$28,364,931$5,793,741$3,294,308$17,397,261
77$31,138,137$5,957,617$3,284,651$18,901,077
78$34,190,430$6,125,743$3,270,889$20,552,322
79$37,550,157$6,298,208$3,252,767$22,365,935
80$41,248,554$6,475,101$3,230,016$24,358,380
81$45,320,038$6,656,512$3,202,353$26,547,801
82$49,802,534$6,842,533$3,169,484$28,954,191
83$54,737,829$7,033,255$3,131,098$31,599,584
84$60,171,971$7,228,767$3,086,874$34,508,263
85$66,155,698$7,429,163$3,036,470$37,706,987
86$72,744,921$7,634,533$2,979,533$41,225,245
87$80,001,246$7,844,969$2,915,691$45,095,538
88$87,992,561$8,060,560$2,844,554$49,353,680
89$96,793,673$8,281,398$2,765,717$54,039,141
90$106,487,013$8,507,572$2,678,754$59,195,418
91$117,163,416$8,739,171$2,583,220$64,870,449
92$128,922,976$8,976,282$2,478,650$71,117,060
93$141,875,991$9,218,991$2,364,556$77,993,471
94$156,144,004$9,467,384$2,240,431$85,563,841
95$171,860,949$9,721,542$2,105,742$93,898,877
96$189,174,416$9,981,548$1,959,934$103,076,502
97$208,247,042$10,247,479$1,802,427$113,182,588
98$229,258,045$10,519,411$1,632,614$124,311,774
99$252,404,920$10,797,416$1,449,861$136,568,352
100$277,905,296$11,081,564$1,253,505$150,067,260