Can I retire at age 50 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$220,486$218,522$216,606$214,736$212,910$207,342
2 years$109,152$107,119$105,149$103,238$101,385$95,814
3 years$72,045$70,003$68,038$66,146$64,323$58,922
4 years$53,495$51,460$49,514$47,654$45,876$40,687
5 years$42,368$40,345$38,425$36,603$34,874$29,912
6 years$34,953$32,945$31,053$29,272$27,595$22,864
7 years$29,658$27,667$25,805$24,066$22,442$17,943
8 years$25,689$23,716$21,885$20,188$18,618$14,348
9 years$22,603$20,649$18,850$17,196$15,679$11,635
10 years$20,136$18,201$16,433$14,823$13,359$9,536
11 years$18,119$16,203$14,468$12,901$11,489$7,881
12 years$16,439$14,543$12,840$11,316$9,956$6,556
13 years$15,019$13,143$11,471$9,990$8,682$5,484
14 years$13,803$11,946$10,307$8,868$7,611$4,606
15 years$12,750$10,913$9,306$7,909$6,701$3,883
16 years$11,829$10,013$8,437$7,081$5,922$3,283
17 years$11,018$9,221$7,678$6,362$5,251$2,783
18 years$10,297$8,521$7,009$5,734$4,669$2,364
19 years$9,653$7,897$6,416$5,181$4,162$2,011
20 years$9,074$7,338$5,888$4,692$3,717$1,713
21 years$8,552$6,835$5,416$4,259$3,327$1,461
22 years$8,077$6,381$4,992$3,872$2,982$1,248
23 years$7,644$5,968$4,609$3,526$2,677$1,067
24 years$7,248$5,591$4,263$3,216$2,406$912
25 years$6,884$5,247$3,948$2,937$2,165$781
26 years$6,548$4,931$3,662$2,686$1,950$669
27 years$6,238$4,641$3,400$2,458$1,758$573
28 years$5,951$4,373$3,161$2,252$1,586$491
29 years$5,684$4,126$2,941$2,065$1,432$421
30 years$5,435$3,896$2,740$1,896$1,294$361
31 years$5,203$3,683$2,554$1,741$1,170$310
32 years$4,985$3,485$2,383$1,600$1,059$266
33 years$4,782$3,300$2,225$1,471$958$228
34 years$4,590$3,128$2,079$1,354$867$196
35 years$4,410$2,967$1,944$1,246$786$168
36 years$4,241$2,816$1,818$1,148$712$144
37 years$4,080$2,675$1,702$1,057$645$124
38 years$3,929$2,542$1,594$975$585$106
39 years$3,786$2,417$1,493$899$530$91
40 years$3,650$2,300$1,400$829$481$78
41 years$3,522$2,189$1,312$765$436$67
42 years$3,399$2,085$1,231$706$396$58
43 years$3,283$1,986$1,155$652$359$50
44 years$3,172$1,893$1,084$602$326$43
45 years$3,067$1,806$1,018$556$296$37
46 years$2,966$1,722$956$513$269$31
47 years$2,870$1,644$898$474$244$27
48 years$2,779$1,569$844$438$222$23
49 years$2,691$1,498$794$405$201$20
50 years$2,607$1,431$746$374$183$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,670,000, adding $2,723 every year, while hoping to spend $51,759 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: 60/31/9 Blend
49$2,670,000$2,670,000$2,670,000$2,670,000
50$2,945,149$2,803,639$2,762,254$3,115,756
51$3,190,483$2,885,946$2,799,718$3,312,817
52$3,459,106$2,970,551$2,836,703$3,521,521
53$3,753,340$3,057,513$2,873,137$3,747,878
54$4,075,739$3,146,890$2,908,946$3,993,591
55$4,429,120$3,238,743$2,944,051$4,260,532
56$4,816,581$3,333,132$2,978,368$4,550,764
57$5,241,538$3,430,121$3,011,808$4,866,557
58$5,707,751$3,529,773$3,044,280$5,210,409
59$6,219,362$3,632,153$3,075,684$5,585,071
60$6,780,934$3,737,325$3,105,917$5,993,572
61$7,397,493$3,845,358$3,134,869$6,439,247
62$8,074,576$3,956,319$3,162,425$6,925,769
63$8,818,281$4,070,278$3,188,465$7,457,181
64$9,635,327$4,187,303$3,212,860$8,037,936
65$10,533,116$4,307,466$3,235,476$8,672,940
66$11,519,801$4,430,839$3,256,172$9,367,593
67$12,604,366$4,557,495$3,274,799$10,127,847
68$13,796,707$4,687,508$3,291,201$10,960,254
69$15,107,728$4,820,953$3,305,213$11,872,032
70$16,549,442$4,957,905$3,316,662$12,871,134
71$18,135,083$5,098,440$3,325,368$13,966,319
72$19,879,233$5,242,636$3,331,140$15,167,235
73$21,797,960$5,390,570$3,333,779$16,484,513
74$23,908,965$5,542,321$3,333,073$17,929,865
75$26,231,752$5,697,967$3,328,804$19,516,190
76$28,787,811$5,857,588$3,320,739$21,257,704
77$31,600,822$6,021,264$3,308,638$23,170,066
78$34,696,875$6,189,075$3,292,247$25,270,530
79$38,104,717$6,361,101$3,271,298$27,578,106
80$41,856,025$6,537,422$3,245,513$30,113,739
81$45,985,703$6,718,118$3,214,601$32,900,505
82$50,532,208$6,903,270$3,178,254$35,963,833
83$55,537,921$7,092,957$3,136,153$39,331,739
84$61,049,536$7,287,259$3,087,961$43,035,093
85$67,118,508$7,486,255$3,033,327$47,107,910
86$73,801,536$7,690,021$2,971,883$51,587,671
87$81,161,096$7,898,636$2,903,245$56,515,675
88$89,266,033$8,112,174$2,827,009$61,937,429
89$98,192,209$8,330,711$2,742,754$67,903,080
90$108,023,217$8,554,319$2,650,040$74,467,881
91$118,851,173$8,783,069$2,548,404$81,692,722
92$130,777,583$9,017,030$2,437,366$89,644,694
93$143,914,300$9,256,268$2,316,422$98,397,730
94$158,384,581$9,500,846$2,185,043$108,033,301
95$174,324,247$9,750,827$2,042,681$118,641,180
96$191,882,968$10,006,266$1,888,759$130,320,295
97$211,225,676$10,267,217$1,722,677$143,179,660
98$232,534,115$10,533,731$1,543,807$157,339,403
99$256,008,562$10,805,851$1,351,492$172,931,902
100$281,869,716$11,083,618$1,145,048$190,103,032