Can I retire at age 50 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$217,183$215,248$213,361$211,519$209,720$202,440
2 years$107,516$105,514$103,573$101,692$99,867$92,607
3 years$70,966$68,955$67,019$65,155$63,359$56,349
4 years$52,694$50,689$48,773$46,940$45,189$38,481
5 years$41,734$39,741$37,849$36,055$34,352$27,964
6 years$34,429$32,451$30,588$28,833$27,181$21,119
7 years$29,214$27,253$25,419$23,705$22,106$16,367
8 years$25,304$23,360$21,557$19,886$18,339$12,919
9 years$22,265$20,339$18,567$16,938$15,444$10,337
10 years$19,835$17,928$16,187$14,601$13,159$8,356
11 years$17,848$15,960$14,251$12,707$11,317$6,809
12 years$16,193$14,325$12,647$11,146$9,807$5,583
13 years$14,794$12,946$11,300$9,840$8,552$4,600
14 years$13,596$11,767$10,153$8,735$7,497$3,806
15 years$12,559$10,750$9,167$7,790$6,601$3,159
16 years$11,652$9,863$8,311$6,975$5,834$2,629
17 years$10,853$9,083$7,563$6,267$5,173$2,193
18 years$10,143$8,393$6,904$5,648$4,599$1,832
19 years$9,509$7,779$6,320$5,103$4,099$1,533
20 years$8,939$7,228$5,800$4,622$3,662$1,284
21 years$8,423$6,733$5,335$4,195$3,277$1,077
22 years$7,956$6,285$4,917$3,814$2,937$904
23 years$7,529$5,878$4,540$3,474$2,637$760
24 years$7,139$5,508$4,199$3,168$2,370$638
25 years$6,781$5,169$3,889$2,893$2,132$537
26 years$6,450$4,858$3,607$2,645$1,921$452
27 years$6,145$4,572$3,349$2,421$1,732$380
28 years$5,862$4,308$3,113$2,219$1,563$320
29 years$5,599$4,064$2,897$2,035$1,411$269
30 years$5,354$3,838$2,699$1,867$1,275$227
31 years$5,125$3,628$2,516$1,715$1,153$191
32 years$4,911$3,433$2,347$1,576$1,043$161
33 years$4,710$3,251$2,192$1,449$944$136
34 years$4,521$3,081$2,048$1,333$854$114
35 years$4,344$2,922$1,915$1,227$774$96
36 years$4,177$2,774$1,791$1,130$701$81
37 years$4,019$2,635$1,676$1,042$635$68
38 years$3,870$2,504$1,570$960$576$58
39 years$3,729$2,381$1,471$885$522$49
40 years$3,596$2,265$1,379$816$474$41
41 years$3,469$2,156$1,293$753$430$35
42 years$3,348$2,054$1,213$695$390$29
43 years$3,234$1,957$1,138$642$354$25
44 years$3,125$1,865$1,068$593$321$21
45 years$3,021$1,778$1,003$547$292$17
46 years$2,922$1,697$942$506$265$15
47 years$2,827$1,619$885$467$241$12
48 years$2,737$1,546$832$432$218$10
49 years$2,650$1,476$782$399$198$9
50 years$2,568$1,410$735$369$180$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,630,000, adding $5,807 every year, while hoping to spend $33,360 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: 46/35/19 Blend
49$2,630,000$2,630,000$2,630,000$2,630,000
50$2,904,250$2,764,860$2,724,095$3,021,836
51$3,164,989$2,864,843$2,779,857$3,204,590
52$3,451,205$2,968,608$2,836,370$3,398,952
53$3,765,461$3,076,303$2,893,622$3,609,119
54$4,110,583$3,188,086$2,951,602$3,836,578
55$4,489,679$3,304,120$3,010,298$4,082,963
56$4,906,178$3,424,573$3,069,694$4,350,072
57$5,363,853$3,549,623$3,129,775$4,639,878
58$5,866,865$3,679,453$3,190,521$4,954,556
59$6,419,795$3,814,256$3,251,914$5,296,493
60$7,027,691$3,954,231$3,313,929$5,668,318
61$7,696,115$4,099,587$3,376,545$6,072,922
62$8,431,192$4,250,541$3,439,733$6,513,486
63$9,239,675$4,407,319$3,503,466$6,993,509
64$10,129,002$4,570,157$3,567,711$7,516,842
65$11,107,366$4,739,301$3,632,435$8,087,723
66$12,183,797$4,915,006$3,697,602$8,710,815
67$13,368,244$5,097,541$3,763,171$9,391,254
68$14,671,667$5,287,184$3,829,100$10,134,688
69$16,106,146$5,484,224$3,895,344$10,947,339
70$17,684,988$5,688,966$3,961,852$11,836,054
71$19,422,856$5,901,725$4,028,574$12,808,372
72$21,335,907$6,122,829$4,095,451$13,872,593
73$23,441,946$6,352,624$4,162,424$15,037,858
74$25,760,588$6,591,466$4,229,429$16,314,228
75$28,313,449$6,839,730$4,296,397$17,712,785
76$31,124,350$7,097,805$4,363,254$19,245,733
77$34,219,534$7,366,097$4,429,924$20,926,510
78$37,627,922$7,645,033$4,496,323$22,769,916
79$41,381,384$7,935,052$4,562,362$24,792,252
80$45,515,033$8,236,618$4,627,950$27,011,468
81$50,067,567$8,550,213$4,692,987$29,447,339
82$55,081,624$8,876,339$4,757,367$32,121,644
83$60,604,191$9,215,520$4,820,980$35,058,371
84$66,687,042$9,568,305$4,883,707$38,283,945
85$73,387,234$9,935,265$4,945,424$41,827,474
86$80,767,635$10,316,997$5,006,000$45,721,021
87$88,897,527$10,714,123$5,065,294$49,999,907
88$97,853,253$11,127,293$5,123,160$54,703,042
89$107,718,941$11,557,186$5,179,441$59,873,292
90$118,587,296$12,004,511$5,233,975$65,557,878
91$130,560,475$12,470,007$5,286,588$71,808,824
92$143,751,052$12,954,446$5,337,098$78,683,444
93$158,283,081$13,458,635$5,385,312$86,244,881
94$174,293,263$13,983,417$5,431,028$94,562,703
95$191,932,241$14,529,669$5,474,033$103,713,554
96$211,366,019$15,098,312$5,514,102$113,781,878
97$232,777,527$15,690,304$5,550,999$124,860,713
98$256,368,353$16,306,647$5,584,475$137,052,566
99$282,360,640$16,948,387$5,614,270$150,470,380
100$310,999,185$17,616,619$5,640,108$165,238,596