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%19.3%
1 years$216,357$214,430$212,550$210,714$208,922$201,110
2 years$107,108$105,113$103,179$101,305$99,487$91,705
3 years$70,696$68,692$66,764$64,907$63,119$55,613
4 years$52,493$50,496$48,587$46,762$45,017$37,844
5 years$41,575$39,590$37,706$35,918$34,221$27,400
6 years$34,298$32,328$30,472$28,724$27,078$20,613
7 years$29,103$27,149$25,322$23,615$22,022$15,911
8 years$25,208$23,272$21,475$19,810$18,269$12,508
9 years$22,180$20,262$18,497$16,874$15,385$9,965
10 years$19,759$17,860$16,126$14,546$13,109$8,020
11 years$17,780$15,900$14,197$12,659$11,274$6,505
12 years$16,132$14,271$12,599$11,104$9,770$5,309
13 years$14,738$12,897$11,257$9,803$8,520$4,353
14 years$13,544$11,723$10,114$8,702$7,468$3,584
15 years$12,511$10,709$9,132$7,761$6,576$2,960
16 years$11,608$9,825$8,279$6,949$5,812$2,451
17 years$10,811$9,049$7,534$6,243$5,153$2,034
18 years$10,104$8,361$6,877$5,627$4,582$1,690
19 years$9,472$7,749$6,296$5,084$4,084$1,407
20 years$8,905$7,201$5,778$4,605$3,648$1,172
21 years$8,391$6,707$5,315$4,179$3,264$978
22 years$7,925$6,261$4,898$3,800$2,926$816
23 years$7,501$5,856$4,523$3,460$2,627$682
24 years$7,112$5,487$4,183$3,156$2,361$570
25 years$6,755$5,149$3,874$2,882$2,124$477
26 years$6,426$4,839$3,593$2,635$1,914$399
27 years$6,121$4,554$3,336$2,412$1,725$334
28 years$5,839$4,291$3,102$2,210$1,557$279
29 years$5,577$4,048$2,886$2,027$1,406$234
30 years$5,333$3,823$2,689$1,860$1,270$196
31 years$5,105$3,614$2,506$1,708$1,148$164
32 years$4,892$3,420$2,339$1,570$1,039$137
33 years$4,692$3,239$2,184$1,444$940$115
34 years$4,504$3,070$2,040$1,328$851$96
35 years$4,328$2,911$1,907$1,223$771$81
36 years$4,161$2,763$1,784$1,126$698$68
37 years$4,004$2,625$1,670$1,038$633$57
38 years$3,856$2,494$1,564$956$574$48
39 years$3,715$2,372$1,465$882$520$40
40 years$3,582$2,257$1,373$813$472$33
41 years$3,456$2,148$1,288$750$428$28
42 years$3,336$2,046$1,208$693$389$23
43 years$3,222$1,949$1,134$639$353$20
44 years$3,113$1,858$1,064$590$320$16
45 years$3,009$1,772$999$545$291$14
46 years$2,911$1,690$938$504$264$12
47 years$2,817$1,613$882$465$240$10
48 years$2,726$1,540$828$430$218$8
49 years$2,640$1,470$779$397$198$7
50 years$2,558$1,405$732$367$180$6

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 $5,702 every year, while hoping to spend $57,781 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: 23/50/27 Blend
49$2,620,000$2,620,000$2,620,000$2,620,000
50$2,893,122$2,754,262$2,713,652$2,934,796
51$3,126,741$2,827,742$2,743,080$3,044,602
52$3,382,254$2,902,886$2,771,558$3,156,834
53$3,661,831$2,979,715$2,798,993$3,275,762
54$3,967,865$3,058,248$2,825,286$3,401,974
55$4,302,988$3,138,503$2,850,335$3,536,119
56$4,670,102$3,220,499$2,874,030$3,678,912
57$5,072,400$3,304,251$2,896,257$3,831,138
58$5,513,400$3,389,774$2,916,897$3,993,663
59$5,996,976$3,477,082$2,935,822$4,167,441
60$6,527,394$3,566,186$2,952,899$4,353,523
61$7,109,355$3,657,096$2,967,988$4,553,065
62$7,748,036$3,749,820$2,980,942$4,767,344
63$8,449,138$3,844,363$2,991,605$4,997,764
64$9,218,942$3,940,729$2,999,817$5,245,874
65$10,064,368$4,038,919$3,005,405$5,513,381
66$10,993,039$4,138,931$3,008,190$5,802,166
67$12,013,350$4,240,760$3,007,986$6,114,302
68$13,134,551$4,344,397$3,004,593$6,452,074
69$14,366,835$4,449,832$2,997,806$6,818,002
70$15,721,426$4,557,048$2,987,407$7,214,863
71$17,210,696$4,666,027$2,973,169$7,645,719
72$18,848,269$4,776,745$2,954,853$8,113,944
73$20,649,161$4,889,174$2,932,209$8,623,260
74$22,629,913$5,003,280$2,904,975$9,177,769
75$24,808,748$5,119,026$2,872,877$9,781,994
76$27,205,749$5,236,367$2,835,626$10,440,920
77$29,843,039$5,355,252$2,792,923$11,160,047
78$32,744,995$5,475,625$2,744,452$11,945,434
79$35,938,476$5,597,422$2,689,883$12,803,764
80$39,453,077$5,720,573$2,628,871$13,742,405
81$43,321,407$5,844,997$2,561,054$14,769,481
82$47,579,397$5,970,608$2,486,055$15,893,945
83$52,266,636$6,097,309$2,403,479$17,125,674
84$57,426,750$6,224,994$2,312,912$18,475,553
85$63,107,806$6,353,546$2,213,922$19,955,583
86$69,362,770$6,482,838$2,106,057$21,578,998
87$76,250,007$6,612,732$1,988,845$23,360,385
88$83,833,828$6,743,075$1,861,791$25,315,829
89$92,185,097$6,873,705$1,724,380$27,463,061
90$101,381,903$7,004,442$1,576,072$29,821,629
91$111,510,292$7,135,094$1,416,305$32,413,086
92$122,665,080$7,265,453$1,244,490$35,261,189
93$134,950,750$7,395,292$1,060,012$38,392,132
94$148,482,434$7,524,369$862,230$41,834,789
95$163,387,002$7,652,422$650,474$45,620,994
96$179,804,255$7,779,169$424,044$49,785,838
97$197,888,248$7,904,308$182,209$54,368,005
98$217,808,744$8,027,514$0$59,410,141
99$239,752,811$8,148,437$0$64,981,114
100$263,926,592$8,266,704$0$71,168,326