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

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$218,009$216,067$214,172$212,323$210,517$202,645
2 years$107,925$105,915$103,967$102,078$100,246$92,405
3 years$71,235$69,217$67,274$65,403$63,600$56,037
4 years$52,894$50,882$48,958$47,119$45,360$38,133
5 years$41,892$39,892$37,993$36,192$34,482$27,609
6 years$34,560$32,575$30,704$28,943$27,285$20,770
7 years$29,325$27,356$25,515$23,796$22,190$16,033
8 years$25,400$23,449$21,639$19,961$18,408$12,603
9 years$22,349$20,417$18,638$17,003$15,503$10,041
10 years$19,910$17,996$16,249$14,657$13,209$8,081
11 years$17,916$16,021$14,305$12,756$11,360$6,554
12 years$16,255$14,380$12,695$11,188$9,844$5,349
13 years$14,850$12,995$11,343$9,878$8,585$4,387
14 years$13,648$11,812$10,191$8,768$7,525$3,611
15 years$12,606$10,791$9,201$7,820$6,626$2,983
16 years$11,696$9,900$8,342$7,002$5,856$2,470
17 years$10,894$9,118$7,591$6,291$5,192$2,049
18 years$10,181$8,425$6,930$5,669$4,617$1,703
19 years$9,545$7,808$6,344$5,123$4,115$1,418
20 years$8,973$7,256$5,822$4,640$3,676$1,181
21 years$8,455$6,759$5,355$4,211$3,289$985
22 years$7,986$6,309$4,936$3,829$2,948$823
23 years$7,558$5,901$4,557$3,487$2,647$687
24 years$7,166$5,528$4,215$3,180$2,379$574
25 years$6,806$5,188$3,904$2,904$2,141$480
26 years$6,475$4,876$3,620$2,656$1,928$402
27 years$6,168$4,589$3,362$2,431$1,738$336
28 years$5,884$4,324$3,125$2,227$1,569$281
29 years$5,620$4,079$2,908$2,042$1,416$236
30 years$5,374$3,852$2,709$1,874$1,280$197
31 years$5,144$3,642$2,526$1,721$1,157$165
32 years$4,929$3,446$2,356$1,582$1,047$138
33 years$4,728$3,263$2,200$1,455$947$116
34 years$4,539$3,093$2,056$1,339$858$97
35 years$4,361$2,934$1,922$1,232$777$81
36 years$4,193$2,784$1,798$1,135$704$68
37 years$4,035$2,645$1,683$1,046$638$57
38 years$3,885$2,513$1,576$964$578$48
39 years$3,743$2,390$1,476$889$524$40
40 years$3,609$2,274$1,384$820$476$34
41 years$3,482$2,164$1,298$756$432$28
42 years$3,361$2,061$1,217$698$392$24
43 years$3,246$1,964$1,142$644$355$20
44 years$3,137$1,872$1,072$595$323$17
45 years$3,032$1,785$1,007$549$293$14
46 years$2,933$1,703$946$507$266$12
47 years$2,838$1,625$888$469$241$10
48 years$2,747$1,551$835$433$219$8
49 years$2,661$1,482$785$400$199$7
50 years$2,578$1,415$738$370$181$6

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 $2,824 every year, while hoping to spend $42,631 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: 38/44/18 Blend
49$2,640,000$2,640,000$2,640,000$2,640,000
50$2,912,193$2,772,273$2,731,353$3,007,001
51$3,163,878$2,862,755$2,777,494$3,165,946
52$3,439,805$2,956,242$2,823,752$3,333,343
53$3,742,404$3,052,837$2,870,086$3,513,361
54$4,074,347$3,152,644$2,916,452$3,707,158
55$4,438,580$3,255,773$2,962,804$3,916,012
56$4,838,348$3,362,338$3,009,090$4,141,323
57$5,277,223$3,472,457$3,055,258$4,384,632
58$5,759,143$3,586,250$3,101,252$4,647,634
59$6,288,443$3,703,844$3,147,012$4,932,191
60$6,869,901$3,825,369$3,192,473$5,240,351
61$7,508,778$3,950,960$3,237,569$5,574,370
62$8,210,873$4,080,756$3,282,227$5,936,725
63$8,982,572$4,214,903$3,326,371$6,330,144
64$9,830,911$4,353,549$3,369,921$6,757,627
65$10,763,642$4,496,852$3,412,791$7,222,477
66$11,789,306$4,644,970$3,454,892$7,728,328
67$12,917,312$4,798,071$3,496,129$8,279,179
68$14,158,029$4,956,327$3,536,399$8,879,434
69$15,522,877$5,119,917$3,575,599$9,533,937
70$17,024,443$5,289,025$3,613,614$10,248,024
71$18,676,594$5,463,844$3,650,327$11,027,569
72$20,494,607$5,644,573$3,685,613$11,879,038
73$22,495,316$5,831,417$3,719,341$12,809,551
74$24,697,271$6,024,589$3,751,372$13,826,948
75$27,120,910$6,224,311$3,781,560$14,939,864
76$29,788,753$6,430,812$3,809,752$16,157,807
77$32,725,612$6,644,329$3,835,785$17,491,246
78$35,958,831$6,865,108$3,859,491$18,951,713
79$39,518,538$7,093,404$3,880,690$20,551,911
80$43,437,930$7,329,481$3,899,194$22,305,828
81$47,753,587$7,573,614$3,914,805$24,228,872
82$52,505,819$7,826,087$3,927,317$26,338,016
83$57,739,041$8,087,194$3,936,511$28,651,955
84$63,502,197$8,357,241$3,942,158$31,191,283
85$69,849,219$8,636,544$3,944,018$33,978,687
86$76,839,536$8,925,431$3,941,839$37,039,157
87$84,538,635$9,224,243$3,935,357$40,400,227
88$93,018,678$9,533,333$3,924,294$44,092,224
89$102,359,184$9,853,067$3,908,358$48,148,565
90$112,647,779$10,183,825$3,887,246$52,606,063
91$123,981,020$10,526,001$3,860,637$57,505,273
92$136,465,313$10,880,004$3,828,197$62,890,882
93$150,217,907$11,246,256$3,789,574$68,812,119
94$165,368,010$11,625,199$3,744,401$75,323,226
95$182,058,001$12,017,288$3,692,293$82,483,966
96$200,444,779$12,422,997$3,632,846$90,360,184
97$220,701,239$12,842,816$3,565,639$99,024,431
98$243,017,908$13,277,257$3,490,230$108,556,646
99$267,604,739$13,726,846$3,406,157$119,044,907
100$294,693,095$14,192,135$3,312,936$130,586,264