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%11%
1 years$218,009$216,067$214,172$212,323$210,517$209,630
2 years$107,925$105,915$103,967$102,078$100,246$99,351
3 years$71,235$69,217$67,274$65,403$63,600$62,724
4 years$52,894$50,882$48,958$47,119$45,360$44,510
5 years$41,892$39,892$37,993$36,192$34,482$33,660
6 years$34,560$32,575$30,704$28,943$27,285$26,492
7 years$29,325$27,356$25,515$23,796$22,190$21,427
8 years$25,400$23,449$21,639$19,961$18,408$17,676
9 years$22,349$20,417$18,638$17,003$15,503$14,800
10 years$19,910$17,996$16,249$14,657$13,209$12,536
11 years$17,916$16,021$14,305$12,756$11,360$10,717
12 years$16,255$14,380$12,695$11,188$9,844$9,229
13 years$14,850$12,995$11,343$9,878$8,585$7,998
14 years$13,648$11,812$10,191$8,768$7,525$6,966
15 years$12,606$10,791$9,201$7,820$6,626$6,093
16 years$11,696$9,900$8,342$7,002$5,856$5,349
17 years$10,894$9,118$7,591$6,291$5,192$4,711
18 years$10,181$8,425$6,930$5,669$4,617$4,160
19 years$9,545$7,808$6,344$5,123$4,115$3,682
20 years$8,973$7,256$5,822$4,640$3,676$3,265
21 years$8,455$6,759$5,355$4,211$3,289$2,901
22 years$7,986$6,309$4,936$3,829$2,948$2,581
23 years$7,558$5,901$4,557$3,487$2,647$2,300
24 years$7,166$5,528$4,215$3,180$2,379$2,052
25 years$6,806$5,188$3,904$2,904$2,141$1,832
26 years$6,475$4,876$3,620$2,656$1,928$1,638
27 years$6,168$4,589$3,362$2,431$1,738$1,465
28 years$5,884$4,324$3,125$2,227$1,569$1,312
29 years$5,620$4,079$2,908$2,042$1,416$1,175
30 years$5,374$3,852$2,709$1,874$1,280$1,053
31 years$5,144$3,642$2,526$1,721$1,157$945
32 years$4,929$3,446$2,356$1,582$1,047$848
33 years$4,728$3,263$2,200$1,455$947$761
34 years$4,539$3,093$2,056$1,339$858$683
35 years$4,361$2,934$1,922$1,232$777$614
36 years$4,193$2,784$1,798$1,135$704$551
37 years$4,035$2,645$1,683$1,046$638$496
38 years$3,885$2,513$1,576$964$578$446
39 years$3,743$2,390$1,476$889$524$401
40 years$3,609$2,274$1,384$820$476$360
41 years$3,482$2,164$1,298$756$432$324
42 years$3,361$2,061$1,217$698$392$292
43 years$3,246$1,964$1,142$644$355$262
44 years$3,137$1,872$1,072$595$323$236
45 years$3,032$1,785$1,007$549$293$212
46 years$2,933$1,703$946$507$266$191
47 years$2,838$1,625$888$469$241$172
48 years$2,747$1,551$835$433$219$155
49 years$2,661$1,482$785$400$199$140
50 years$2,578$1,415$738$370$181$126

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 $2,459 every year, while hoping to spend $33,967 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: 43/48/9 Blend
49$2,640,000$2,640,000$2,640,000$2,640,000
50$2,911,816$2,771,896$2,730,976$3,029,342
51$3,172,681$2,871,579$2,786,324$3,211,018
52$3,459,016$2,975,007$2,842,386$3,404,073
53$3,773,382$3,082,329$2,899,153$3,612,441
54$4,118,602$3,193,699$2,956,610$3,837,533
55$4,497,785$3,309,276$3,014,742$4,080,904
56$4,914,357$3,429,227$3,073,533$4,344,257
57$5,372,089$3,553,727$3,132,964$4,629,468
58$5,875,138$3,682,956$3,193,015$4,938,595
59$6,428,085$3,817,103$3,253,663$5,273,900
60$7,035,972$3,956,364$3,314,884$5,637,872
61$7,704,359$4,100,944$3,376,651$6,033,244
62$8,439,370$4,251,056$3,438,934$6,463,022
63$9,247,750$4,406,922$3,501,703$6,930,514
64$10,136,933$4,568,774$3,564,922$7,439,355
65$11,115,109$4,736,853$3,628,556$7,993,543
66$12,191,302$4,911,410$3,692,564$8,597,478
67$13,375,453$5,092,708$3,756,904$9,256,000
68$14,678,518$5,281,020$3,821,529$9,974,431
69$16,112,567$5,476,630$3,886,390$10,758,632
70$17,690,899$5,679,835$3,951,435$11,615,049
71$19,428,169$5,890,945$4,016,606$12,550,776
72$21,340,524$6,110,283$4,081,844$13,573,623
73$23,445,755$6,338,185$4,147,084$14,692,183
74$25,763,468$6,575,001$4,212,257$15,915,917
75$28,315,264$6,821,099$4,277,290$17,255,238
76$31,124,947$7,076,858$4,342,105$18,721,612
77$34,218,745$7,342,678$4,406,619$20,327,660
78$37,625,562$7,618,974$4,470,745$22,087,278
79$41,377,243$7,906,178$4,534,389$24,015,768
80$45,508,883$8,204,741$4,597,452$26,129,976
81$50,059,151$8,515,136$4,659,829$28,448,456
82$55,070,661$8,837,854$4,721,410$30,991,636
83$60,590,367$9,173,407$4,782,075$33,782,014
84$66,670,011$9,522,332$4,841,702$36,844,367
85$73,366,612$9,885,185$4,900,158$40,205,982
86$80,742,998$10,262,551$4,957,305$43,896,913
87$88,868,404$10,655,036$5,012,995$47,950,260
88$97,819,125$11,063,277$5,067,074$52,402,480
89$107,679,233$11,487,934$5,119,379$57,293,732
90$118,541,372$11,929,701$5,169,736$62,668,248
91$130,507,634$12,389,298$5,217,963$68,574,752
92$143,690,518$12,867,479$5,263,871$75,066,914
93$158,213,996$13,365,031$5,307,256$82,203,858
94$174,214,681$13,882,775$5,347,906$90,050,713
95$191,843,116$14,421,568$5,385,598$98,679,227
96$211,265,195$14,982,306$5,420,097$108,168,438
97$232,663,730$15,565,924$5,451,155$118,605,424
98$256,240,174$16,173,398$5,478,513$130,086,111
99$282,216,525$16,805,747$5,501,896$142,716,185
100$310,837,419$17,464,037$5,521,018$156,612,077