Can I retire at age 50 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$218,009$216,067$214,172$212,323$210,517$205,095
2 years$107,925$105,915$103,967$102,078$100,246$94,820
3 years$71,235$69,217$67,274$65,403$63,600$58,339
4 years$52,894$50,882$48,958$47,119$45,360$40,305
5 years$41,892$39,892$37,993$36,192$34,482$29,646
6 years$34,560$32,575$30,704$28,943$27,285$22,673
7 years$29,325$27,356$25,515$23,796$22,190$17,803
8 years$25,400$23,449$21,639$19,961$18,408$14,245
9 years$22,349$20,417$18,638$17,003$15,503$11,558
10 years$19,910$17,996$16,249$14,657$13,209$9,479
11 years$17,916$16,021$14,305$12,756$11,360$7,839
12 years$16,255$14,380$12,695$11,188$9,844$6,526
13 years$14,850$12,995$11,343$9,878$8,585$5,462
14 years$13,648$11,812$10,191$8,768$7,525$4,591
15 years$12,606$10,791$9,201$7,820$6,626$3,873
16 years$11,696$9,900$8,342$7,002$5,856$3,277
17 years$10,894$9,118$7,591$6,291$5,192$2,780
18 years$10,181$8,425$6,930$5,669$4,617$2,362
19 years$9,545$7,808$6,344$5,123$4,115$2,011
20 years$8,973$7,256$5,822$4,640$3,676$1,715
21 years$8,455$6,759$5,355$4,211$3,289$1,464
22 years$7,986$6,309$4,936$3,829$2,948$1,251
23 years$7,558$5,901$4,557$3,487$2,647$1,070
24 years$7,166$5,528$4,215$3,180$2,379$916
25 years$6,806$5,188$3,904$2,904$2,141$785
26 years$6,475$4,876$3,620$2,656$1,928$673
27 years$6,168$4,589$3,362$2,431$1,738$577
28 years$5,884$4,324$3,125$2,227$1,569$495
29 years$5,620$4,079$2,908$2,042$1,416$424
30 years$5,374$3,852$2,709$1,874$1,280$364
31 years$5,144$3,642$2,526$1,721$1,157$313
32 years$4,929$3,446$2,356$1,582$1,047$269
33 years$4,728$3,263$2,200$1,455$947$231
34 years$4,539$3,093$2,056$1,339$858$198
35 years$4,361$2,934$1,922$1,232$777$170
36 years$4,193$2,784$1,798$1,135$704$146
37 years$4,035$2,645$1,683$1,046$638$126
38 years$3,885$2,513$1,576$964$578$108
39 years$3,743$2,390$1,476$889$524$93
40 years$3,609$2,274$1,384$820$476$80
41 years$3,482$2,164$1,298$756$432$69
42 years$3,361$2,061$1,217$698$392$59
43 years$3,246$1,964$1,142$644$355$51
44 years$3,137$1,872$1,072$595$323$44
45 years$3,032$1,785$1,007$549$293$37
46 years$2,933$1,703$946$507$266$32
47 years$2,838$1,625$888$469$241$28
48 years$2,747$1,551$835$433$219$24
49 years$2,661$1,482$785$400$199$20
50 years$2,578$1,415$738$370$181$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,640,000, adding $3,993 every year, while hoping to spend $55,635 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: 37/43/20 Blend
49$2,640,000$2,640,000$2,640,000$2,640,000
50$2,913,399$2,773,479$2,732,559$3,003,492
51$3,151,370$2,850,184$2,764,904$3,145,956
52$3,411,750$2,928,783$2,796,469$3,294,223
53$3,696,765$3,009,310$2,827,167$3,453,230
54$4,008,868$3,091,799$2,856,910$3,623,973
55$4,350,759$3,176,284$2,885,603$3,807,549
56$4,725,412$3,262,797$2,913,146$4,005,165
57$5,136,102$3,351,372$2,939,434$4,218,150
58$5,586,436$3,442,041$2,964,357$4,447,966
59$6,080,388$3,534,836$2,987,798$4,696,224
60$6,622,333$3,629,789$3,009,635$4,964,697
61$7,217,091$3,726,929$3,029,738$5,255,338
62$7,869,972$3,826,286$3,047,972$5,570,296
63$8,586,825$3,927,889$3,064,194$5,911,940
64$9,374,090$4,031,765$3,078,255$6,282,879
65$10,238,867$4,137,941$3,089,995$6,685,985
66$11,188,972$4,246,441$3,099,250$7,124,423
67$12,233,018$4,357,288$3,105,847$7,601,680
68$13,380,495$4,470,503$3,109,601$8,121,597
69$14,641,854$4,586,107$3,110,322$8,688,406
70$16,028,614$4,704,117$3,107,809$9,306,768
71$17,553,462$4,824,549$3,101,850$9,981,821
72$19,230,378$4,947,414$3,092,224$10,719,225
73$21,074,762$5,072,723$3,078,699$11,525,216
74$23,103,585$5,200,483$3,061,032$12,406,667
75$25,335,542$5,330,698$3,038,968$13,371,149
76$27,791,233$5,463,368$3,012,240$14,427,009
77$30,493,356$5,598,491$2,980,567$15,583,441
78$33,466,919$5,736,058$2,943,657$16,850,578
79$36,739,478$5,876,058$2,901,203$18,239,588
80$40,341,395$6,018,474$2,852,883$19,762,777
81$44,306,123$6,163,285$2,798,360$21,433,705
82$48,670,525$6,310,464$2,737,284$23,267,320
83$53,475,220$6,459,978$2,669,284$25,280,091
84$58,764,963$6,611,788$2,593,975$27,490,171
85$64,589,071$6,765,847$2,510,955$29,917,564
86$71,001,885$6,922,102$2,419,801$32,584,316
87$78,063,286$7,080,494$2,320,072$35,514,725
88$85,839,254$7,240,951$2,211,308$38,735,567
89$94,402,497$7,403,396$2,093,026$42,276,354
90$103,833,131$7,567,742$1,964,722$46,169,609
91$114,219,439$7,733,891$1,825,869$50,451,175
92$125,658,704$7,901,734$1,675,918$55,160,557
93$138,258,124$8,071,150$1,514,293$60,341,292
94$152,135,825$8,242,009$1,340,394$66,041,359
95$167,421,975$8,414,164$1,153,593$72,313,640
96$184,260,014$8,587,455$953,236$79,216,413
97$202,808,005$8,761,710$738,639$86,813,907
98$223,240,125$8,936,737$509,087$95,176,910
99$245,748,311$9,112,330$263,834$104,383,433
100$270,544,069$9,288,265$2,103$114,519,456