Can I retire at age 50 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$219,660$217,704$215,795$213,932$212,112$203,938
2 years$108,743$106,717$104,755$102,852$101,006$92,868
3 years$71,775$69,741$67,783$65,898$64,082$56,237
4 years$53,295$51,267$49,329$47,476$45,704$38,211
5 years$42,210$40,194$38,281$36,466$34,743$27,622
6 years$34,822$32,821$30,937$29,162$27,491$20,746
7 years$29,547$27,563$25,709$23,976$22,358$15,986
8 years$25,593$23,627$21,803$20,113$18,548$12,544
9 years$22,519$20,571$18,779$17,132$15,620$9,975
10 years$20,061$18,133$16,372$14,768$13,309$8,013
11 years$18,051$16,143$14,414$12,852$11,446$6,487
12 years$16,378$14,489$12,792$11,273$9,919$5,283
13 years$14,963$13,094$11,429$9,952$8,650$4,324
14 years$13,751$11,902$10,269$8,835$7,582$3,552
15 years$12,702$10,872$9,271$7,879$6,676$2,927
16 years$11,785$9,975$8,406$7,055$5,900$2,419
17 years$10,976$9,187$7,649$6,339$5,232$2,002
18 years$10,259$8,489$6,982$5,712$4,652$1,661
19 years$9,617$7,868$6,392$5,162$4,146$1,379
20 years$9,040$7,311$5,866$4,675$3,703$1,147
21 years$8,519$6,810$5,396$4,243$3,314$954
22 years$8,046$6,357$4,973$3,858$2,971$795
23 years$7,615$5,945$4,592$3,513$2,667$662
24 years$7,220$5,570$4,247$3,204$2,397$552
25 years$6,858$5,227$3,933$2,926$2,157$461
26 years$6,524$4,913$3,648$2,676$1,943$385
27 years$6,215$4,624$3,387$2,449$1,752$321
28 years$5,929$4,357$3,149$2,244$1,580$268
29 years$5,662$4,110$2,930$2,058$1,427$224
30 years$5,415$3,882$2,730$1,888$1,289$187
31 years$5,183$3,669$2,545$1,734$1,166$156
32 years$4,967$3,472$2,374$1,594$1,055$131
33 years$4,764$3,288$2,217$1,466$954$109
34 years$4,573$3,116$2,071$1,349$864$91
35 years$4,394$2,956$1,937$1,242$783$76
36 years$4,225$2,806$1,812$1,143$709$64
37 years$4,065$2,665$1,696$1,053$643$53
38 years$3,914$2,532$1,588$971$583$45
39 years$3,772$2,408$1,488$895$528$37
40 years$3,637$2,291$1,394$826$479$31
41 years$3,508$2,181$1,307$762$435$26
42 years$3,387$2,077$1,226$703$395$22
43 years$3,271$1,979$1,151$649$358$18
44 years$3,160$1,886$1,080$599$325$15
45 years$3,055$1,799$1,014$554$295$13
46 years$2,955$1,716$953$511$268$11
47 years$2,860$1,638$895$472$243$9
48 years$2,768$1,563$841$436$221$7
49 years$2,681$1,493$791$403$201$6
50 years$2,597$1,426$743$373$182$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,660,000, adding $4,798 every year, while hoping to spend $23,636 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: 49/39/12 Blend
49$2,660,000$2,660,000$2,660,000$2,660,000
50$2,936,269$2,795,289$2,754,059$3,070,304
51$3,210,620$2,907,110$2,821,172$3,274,719
52$3,512,163$3,023,617$2,889,740$3,493,772
53$3,843,645$3,145,017$2,959,789$3,731,179
54$4,208,096$3,271,522$3,031,341$3,988,665
55$4,608,852$3,403,356$3,104,421$4,268,127
56$5,049,588$3,540,754$3,179,052$4,571,648
57$5,534,354$3,683,959$3,255,258$4,901,517
58$6,067,612$3,833,227$3,333,063$5,260,251
59$6,654,278$3,988,824$3,412,490$5,650,618
60$7,299,769$4,151,031$3,493,563$6,075,660
61$8,010,052$4,320,139$3,576,304$6,538,720
62$8,791,704$4,496,452$3,660,737$7,043,479
63$9,651,971$4,680,291$3,746,885$7,593,981
64$10,598,835$4,871,989$3,834,768$8,194,678
65$11,641,094$5,071,894$3,924,411$8,850,464
66$12,788,440$5,280,371$4,015,833$9,566,726
67$14,051,555$5,497,803$4,109,057$10,349,390
68$15,442,205$5,724,587$4,204,103$11,204,976
69$16,973,360$5,961,142$4,300,990$12,140,660
70$18,659,309$6,207,904$4,399,739$13,164,339
71$20,515,796$6,465,328$4,500,368$14,284,704
72$22,560,171$6,733,894$4,602,895$15,511,322
73$24,811,554$7,014,100$4,707,337$16,854,723
74$27,291,010$7,306,469$4,813,710$18,326,498
75$30,021,755$7,611,547$4,922,031$19,939,408
76$33,029,367$7,929,906$5,032,313$21,707,501
77$36,342,036$8,262,145$5,144,569$23,646,246
78$39,990,823$8,608,890$5,258,811$25,772,673
79$44,009,956$8,970,794$5,375,050$28,105,533
80$48,437,153$9,348,545$5,493,295$30,665,475
81$53,313,977$9,742,857$5,613,555$33,475,236
82$58,686,227$10,154,483$5,735,834$36,559,856
83$64,604,376$10,584,206$5,860,138$39,946,910
84$71,124,039$11,032,848$5,986,469$43,666,765
85$78,306,502$11,501,269$6,114,828$47,752,868
86$86,219,304$11,990,369$6,245,212$52,242,055
87$94,936,865$12,501,090$6,377,619$57,174,897
88$104,541,198$13,034,416$6,512,042$62,596,082
89$115,122,677$13,591,379$6,648,473$68,554,831
90$126,780,893$14,173,060$6,786,899$75,105,362
91$139,625,592$14,780,588$6,927,308$82,307,395
92$153,777,711$15,415,145$7,069,682$90,226,717
93$169,370,521$16,077,970$7,213,999$98,935,796
94$186,550,883$16,770,360$7,360,237$108,514,461
95$205,480,636$17,493,670$7,508,368$119,050,654
96$226,338,123$18,249,322$7,658,360$130,641,253
97$249,319,875$19,038,803$7,810,179$143,392,986
98$274,642,467$19,863,669$7,963,785$157,423,432
99$302,544,560$20,725,550$8,119,133$172,862,123
100$333,289,156$21,626,153$8,276,175$189,851,769