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%16.7%
1 years$216,357$214,430$212,550$210,714$208,922$203,213
2 years$107,108$105,113$103,179$101,305$99,487$93,776
3 years$70,696$68,692$66,764$64,907$63,119$57,585
4 years$52,493$50,496$48,587$46,762$45,017$39,704
5 years$41,575$39,590$37,706$35,918$34,221$29,143
6 years$34,298$32,328$30,472$28,724$27,078$22,240
7 years$29,103$27,149$25,322$23,615$22,022$17,423
8 years$25,208$23,272$21,475$19,810$18,269$13,908
9 years$22,180$20,262$18,497$16,874$15,385$11,258
10 years$19,759$17,860$16,126$14,546$13,109$9,209
11 years$17,780$15,900$14,197$12,659$11,274$7,597
12 years$16,132$14,271$12,599$11,104$9,770$6,307
13 years$14,738$12,897$11,257$9,803$8,520$5,265
14 years$13,544$11,723$10,114$8,702$7,468$4,413
15 years$12,511$10,709$9,132$7,761$6,576$3,713
16 years$11,608$9,825$8,279$6,949$5,812$3,132
17 years$10,811$9,049$7,534$6,243$5,153$2,649
18 years$10,104$8,361$6,877$5,627$4,582$2,245
19 years$9,472$7,749$6,296$5,084$4,084$1,906
20 years$8,905$7,201$5,778$4,605$3,648$1,620
21 years$8,391$6,707$5,315$4,179$3,264$1,379
22 years$7,925$6,261$4,898$3,800$2,926$1,175
23 years$7,501$5,856$4,523$3,460$2,627$1,002
24 years$7,112$5,487$4,183$3,156$2,361$855
25 years$6,755$5,149$3,874$2,882$2,124$730
26 years$6,426$4,839$3,593$2,635$1,914$623
27 years$6,121$4,554$3,336$2,412$1,725$533
28 years$5,839$4,291$3,102$2,210$1,557$455
29 years$5,577$4,048$2,886$2,027$1,406$390
30 years$5,333$3,823$2,689$1,860$1,270$333
31 years$5,105$3,614$2,506$1,708$1,148$285
32 years$4,892$3,420$2,339$1,570$1,039$244
33 years$4,692$3,239$2,184$1,444$940$209
34 years$4,504$3,070$2,040$1,328$851$179
35 years$4,328$2,911$1,907$1,223$771$153
36 years$4,161$2,763$1,784$1,126$698$131
37 years$4,004$2,625$1,670$1,038$633$112
38 years$3,856$2,494$1,564$956$574$96
39 years$3,715$2,372$1,465$882$520$82
40 years$3,582$2,257$1,373$813$472$71
41 years$3,456$2,148$1,288$750$428$60
42 years$3,336$2,046$1,208$693$389$52
43 years$3,222$1,949$1,134$639$353$44
44 years$3,113$1,858$1,064$590$320$38
45 years$3,009$1,772$999$545$291$33
46 years$2,911$1,690$938$504$264$28
47 years$2,817$1,613$882$465$240$24
48 years$2,726$1,540$828$430$218$20
49 years$2,640$1,470$779$397$198$18
50 years$2,558$1,405$732$367$180$15

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 $4,317 every year, while hoping to spend $22,911 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: 73/16/11 Blend
49$2,620,000$2,620,000$2,620,000$2,620,000
50$2,891,693$2,752,833$2,712,223$3,096,243
51$3,162,269$2,863,345$2,778,705$3,342,496
52$3,459,675$2,978,504$2,846,647$3,608,865
53$3,786,625$3,098,513$2,916,073$3,899,986
54$4,146,106$3,223,586$2,987,007$4,218,302
55$4,541,412$3,353,945$3,059,475$4,566,500
56$4,976,170$3,489,822$3,133,501$4,947,541
57$5,454,377$3,631,461$3,209,110$5,364,685
58$5,980,435$3,779,115$3,286,328$5,821,518
59$6,559,198$3,933,049$3,365,178$6,321,992
60$7,196,010$4,093,543$3,445,686$6,870,456
61$7,896,762$4,260,885$3,527,875$7,471,701
62$8,667,944$4,435,381$3,611,771$8,131,001
63$9,516,706$4,617,346$3,697,397$8,854,164
64$10,450,928$4,807,114$3,784,777$9,647,589
65$11,479,291$5,005,031$3,873,936$10,518,319
66$12,611,361$5,211,460$3,964,896$11,474,114
67$13,857,681$5,426,782$4,057,680$12,523,521
68$15,229,863$5,651,394$4,152,311$13,675,952
69$16,740,707$5,885,710$4,248,812$14,941,776
70$18,404,316$6,130,166$4,347,203$16,332,413
71$20,236,228$6,385,216$4,447,507$17,860,443
72$22,253,567$6,651,336$4,549,742$19,539,723
73$24,475,202$6,929,022$4,653,930$21,385,517
74$26,921,925$7,218,797$4,760,089$23,414,643
75$29,616,646$7,521,203$4,868,237$25,645,624
76$32,584,613$7,836,810$4,978,391$28,098,868
77$35,853,645$8,166,215$5,090,569$30,796,857
78$39,454,398$8,510,041$5,204,784$33,764,359
79$43,420,654$8,868,941$5,321,052$37,028,661
80$47,789,638$9,243,596$5,439,384$40,619,826
81$52,602,371$9,634,722$5,559,794$44,570,975
82$57,904,056$10,043,066$5,682,290$48,918,598
83$63,744,504$10,469,411$5,806,881$53,702,900
84$70,178,606$10,914,575$5,933,574$58,968,175
85$77,266,850$11,379,416$6,062,375$64,763,229
86$85,075,891$11,864,829$6,193,286$71,141,834
87$93,679,180$12,371,754$6,326,310$78,163,236
88$103,157,659$12,901,173$6,461,444$85,892,716
89$113,600,525$13,454,114$6,598,686$94,402,200
90$125,106,067$14,031,654$6,738,031$103,770,938
91$137,782,600$14,634,920$6,879,470$114,086,255
92$151,749,485$15,265,091$7,022,992$125,444,368
93$167,138,254$15,923,401$7,168,583$137,951,295
94$184,093,852$16,611,144$7,316,227$151,723,854
95$202,776,007$17,329,673$7,465,903$166,890,764
96$223,360,736$18,080,403$7,617,587$183,593,861
97$246,042,008$18,864,819$7,771,253$201,989,429
98$271,033,571$19,684,474$7,926,868$222,249,679
99$298,570,975$20,540,993$8,084,398$244,564,370
100$328,913,791$21,436,078$8,243,802$269,142,597