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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.3%
1 years$216,357$214,430$212,550$210,714$208,922$202,722
2 years$107,108$105,113$103,179$101,305$99,487$93,291
3 years$70,696$68,692$66,764$64,907$63,119$57,122
4 years$52,493$50,496$48,587$46,762$45,017$39,265
5 years$41,575$39,590$37,706$35,918$34,221$28,730
6 years$34,298$32,328$30,472$28,724$27,078$21,853
7 years$29,103$27,149$25,322$23,615$22,022$17,062
8 years$25,208$23,272$21,475$19,810$18,269$13,572
9 years$22,180$20,262$18,497$16,874$15,385$10,945
10 years$19,759$17,860$16,126$14,546$13,109$8,920
11 years$17,780$15,900$14,197$12,659$11,274$7,330
12 years$16,132$14,271$12,599$11,104$9,770$6,062
13 years$14,738$12,897$11,257$9,803$8,520$5,039
14 years$13,544$11,723$10,114$8,702$7,468$4,207
15 years$12,511$10,709$9,132$7,761$6,576$3,524
16 years$11,608$9,825$8,279$6,949$5,812$2,961
17 years$10,811$9,049$7,534$6,243$5,153$2,493
18 years$10,104$8,361$6,877$5,627$4,582$2,103
19 years$9,472$7,749$6,296$5,084$4,084$1,777
20 years$8,905$7,201$5,778$4,605$3,648$1,504
21 years$8,391$6,707$5,315$4,179$3,264$1,274
22 years$7,925$6,261$4,898$3,800$2,926$1,080
23 years$7,501$5,856$4,523$3,460$2,627$917
24 years$7,112$5,487$4,183$3,156$2,361$779
25 years$6,755$5,149$3,874$2,882$2,124$662
26 years$6,426$4,839$3,593$2,635$1,914$562
27 years$6,121$4,554$3,336$2,412$1,725$478
28 years$5,839$4,291$3,102$2,210$1,557$407
29 years$5,577$4,048$2,886$2,027$1,406$346
30 years$5,333$3,823$2,689$1,860$1,270$295
31 years$5,105$3,614$2,506$1,708$1,148$251
32 years$4,892$3,420$2,339$1,570$1,039$214
33 years$4,692$3,239$2,184$1,444$940$182
34 years$4,504$3,070$2,040$1,328$851$155
35 years$4,328$2,911$1,907$1,223$771$132
36 years$4,161$2,763$1,784$1,126$698$113
37 years$4,004$2,625$1,670$1,038$633$96
38 years$3,856$2,494$1,564$956$574$82
39 years$3,715$2,372$1,465$882$520$70
40 years$3,582$2,257$1,373$813$472$59
41 years$3,456$2,148$1,288$750$428$51
42 years$3,336$2,046$1,208$693$389$43
43 years$3,222$1,949$1,134$639$353$37
44 years$3,113$1,858$1,064$590$320$31
45 years$3,009$1,772$999$545$291$27
46 years$2,911$1,690$938$504$264$23
47 years$2,817$1,613$882$465$240$19
48 years$2,726$1,540$828$430$218$17
49 years$2,640$1,470$779$397$198$14
50 years$2,558$1,405$732$367$180$12

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 $4,604 every year, while hoping to spend $48,387 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: 63/13/24 Blend
49$2,620,000$2,620,000$2,620,000$2,620,000
50$2,891,989$2,753,129$2,712,519$3,055,676
51$3,135,489$2,836,549$2,751,905$3,250,297
52$3,402,203$2,922,435$2,790,989$3,457,001
53$3,694,450$3,010,856$2,829,709$3,681,690
54$4,014,780$3,101,885$2,868,001$3,926,130
55$4,366,005$3,195,594$2,905,795$4,192,264
56$4,751,218$3,292,059$2,943,020$4,482,235
57$5,173,829$3,391,356$2,979,599$4,798,400
58$5,637,594$3,493,567$3,015,449$5,143,358
59$6,146,647$3,598,770$3,050,485$5,519,968
60$6,705,545$3,707,050$3,084,616$5,931,385
61$7,319,307$3,818,492$3,117,748$6,381,079
62$7,993,461$3,933,183$3,149,777$6,872,876
63$8,734,098$4,051,213$3,180,598$7,410,991
64$9,547,927$4,172,673$3,210,099$8,000,066
65$10,442,340$4,297,658$3,238,162$8,645,216
66$11,425,479$4,426,264$3,264,661$9,352,078
67$12,506,316$4,558,589$3,289,465$10,126,861
68$13,694,734$4,694,734$3,312,436$10,976,406
69$15,001,624$4,834,803$3,333,430$11,908,252
70$16,438,982$4,978,901$3,352,292$12,930,704
71$18,020,028$5,127,136$3,368,863$14,052,916
72$19,759,324$5,279,619$3,382,974$15,284,971
73$21,672,918$5,436,464$3,394,446$16,637,982
74$23,778,490$5,597,785$3,403,095$18,124,194
75$26,095,522$5,763,702$3,408,724$19,757,098
76$28,645,476$5,934,334$3,411,127$21,551,564
77$31,452,005$6,109,807$3,410,090$23,523,973
78$34,541,167$6,290,245$3,405,386$25,692,380
79$37,941,677$6,475,778$3,396,777$28,076,679
80$41,685,174$6,666,537$3,384,015$30,698,792
81$45,806,522$6,862,657$3,366,840$33,582,877
82$50,344,135$7,064,275$3,344,977$36,755,555
83$55,340,343$7,271,531$3,318,140$40,246,163
84$60,841,789$7,484,567$3,286,029$44,087,028
85$66,899,869$7,703,529$3,248,329$48,313,775
86$73,571,219$7,928,565$3,204,711$52,965,662
87$80,918,245$8,159,826$3,154,830$58,085,950
88$89,009,714$8,397,466$3,098,325$63,722,314
89$97,921,404$8,641,641$3,034,818$69,927,292
90$107,736,816$8,892,511$2,963,914$76,758,779
91$118,547,965$9,150,237$2,885,198$84,280,576
92$130,456,243$9,414,984$2,798,238$92,562,993
93$143,573,382$9,686,921$2,702,581$101,683,510
94$158,022,503$9,966,216$2,597,754$111,727,512
95$173,939,281$10,253,043$2,483,261$122,789,094
96$191,473,222$10,547,576$2,358,585$134,971,948
97$210,789,077$10,849,994$2,223,184$148,390,345
98$232,068,396$11,160,477$2,076,493$163,170,211
99$255,511,238$11,479,206$1,917,921$179,450,320
100$281,338,064$11,806,367$1,746,851$197,383,600