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

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$220,486$218,522$216,606$214,736$212,910$206,094
2 years$109,152$107,119$105,149$103,238$101,385$94,582
3 years$72,045$70,003$68,038$66,146$64,323$57,745
4 years$53,495$51,460$49,514$47,654$45,876$39,573
5 years$42,368$40,345$38,425$36,603$34,874$28,864
6 years$34,953$32,945$31,053$29,272$27,595$21,883
7 years$29,658$27,667$25,805$24,066$22,442$17,027
8 years$25,689$23,716$21,885$20,188$18,618$13,496
9 years$22,603$20,649$18,850$17,196$15,679$10,845
10 years$20,136$18,201$16,433$14,823$13,359$8,805
11 years$18,119$16,203$14,468$12,901$11,489$7,207
12 years$16,439$14,543$12,840$11,316$9,956$5,937
13 years$15,019$13,143$11,471$9,990$8,682$4,915
14 years$13,803$11,946$10,307$8,868$7,611$4,086
15 years$12,750$10,913$9,306$7,909$6,701$3,409
16 years$11,829$10,013$8,437$7,081$5,922$2,851
17 years$11,018$9,221$7,678$6,362$5,251$2,390
18 years$10,297$8,521$7,009$5,734$4,669$2,008
19 years$9,653$7,897$6,416$5,181$4,162$1,689
20 years$9,074$7,338$5,888$4,692$3,717$1,423
21 years$8,552$6,835$5,416$4,259$3,327$1,200
22 years$8,077$6,381$4,992$3,872$2,982$1,012
23 years$7,644$5,968$4,609$3,526$2,677$855
24 years$7,248$5,591$4,263$3,216$2,406$723
25 years$6,884$5,247$3,948$2,937$2,165$611
26 years$6,548$4,931$3,662$2,686$1,950$517
27 years$6,238$4,641$3,400$2,458$1,758$438
28 years$5,951$4,373$3,161$2,252$1,586$371
29 years$5,684$4,126$2,941$2,065$1,432$314
30 years$5,435$3,896$2,740$1,896$1,294$266
31 years$5,203$3,683$2,554$1,741$1,170$225
32 years$4,985$3,485$2,383$1,600$1,059$191
33 years$4,782$3,300$2,225$1,471$958$162
34 years$4,590$3,128$2,079$1,354$867$137
35 years$4,410$2,967$1,944$1,246$786$116
36 years$4,241$2,816$1,818$1,148$712$99
37 years$4,080$2,675$1,702$1,057$645$84
38 years$3,929$2,542$1,594$975$585$71
39 years$3,786$2,417$1,493$899$530$60
40 years$3,650$2,300$1,400$829$481$51
41 years$3,522$2,189$1,312$765$436$43
42 years$3,399$2,085$1,231$706$396$37
43 years$3,283$1,986$1,155$652$359$31
44 years$3,172$1,893$1,084$602$326$26
45 years$3,067$1,806$1,018$556$296$22
46 years$2,966$1,722$956$513$269$19
47 years$2,870$1,644$898$474$244$16
48 years$2,779$1,569$844$438$222$14
49 years$2,691$1,498$794$405$201$12
50 years$2,607$1,431$746$374$183$10

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 $5,122 every year, while hoping to spend $27,448 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: 65/29/6 Blend
49$2,670,000$2,670,000$2,670,000$2,670,000
50$2,947,623$2,806,113$2,764,728$3,136,035
51$3,219,076$2,914,408$2,828,142$3,370,200
52$3,517,298$3,027,090$2,892,761$3,622,177
53$3,844,989$3,144,344$2,958,595$3,896,733
54$4,205,126$3,266,365$3,025,656$4,196,058
55$4,600,987$3,393,355$3,093,953$4,522,564
56$5,036,184$3,525,526$3,163,498$4,878,902
57$5,514,697$3,663,099$3,234,297$5,267,991
58$6,040,911$3,806,306$3,306,361$5,693,043
59$6,619,655$3,955,386$3,379,695$6,157,591
60$7,256,253$4,110,593$3,454,307$6,665,525
61$7,956,567$4,272,188$3,530,203$7,221,125
62$8,727,058$4,440,447$3,607,387$7,829,104
63$9,574,846$4,615,657$3,685,862$8,494,648
64$10,507,774$4,798,117$3,765,632$9,223,467
65$11,534,483$4,988,141$3,846,697$10,021,847
66$12,664,497$5,186,057$3,929,057$10,896,708
67$13,908,307$5,392,205$4,012,712$11,855,669
68$15,277,475$5,606,943$4,097,658$12,907,122
69$16,784,739$5,830,645$4,183,892$14,060,304
70$18,444,136$6,063,701$4,271,406$15,325,388
71$20,271,134$6,306,518$4,360,194$16,713,576
72$22,282,775$6,559,523$4,450,246$18,237,206
73$24,497,838$6,823,160$4,541,550$19,909,865
74$26,937,019$7,097,895$4,634,092$21,746,515
75$29,623,118$7,384,216$4,727,858$23,763,639
76$32,581,263$7,682,629$4,822,828$25,979,387
77$35,839,141$7,993,667$4,918,982$28,413,754
78$39,427,262$8,317,885$5,016,296$31,088,760
79$43,379,246$8,655,865$5,114,746$34,028,663
80$47,732,140$9,008,214$5,214,301$37,260,184
81$52,526,768$9,375,566$5,314,930$40,812,754
82$57,808,116$9,758,586$5,416,597$44,718,799
83$63,625,755$10,157,968$5,519,264$49,014,035
84$70,034,311$10,574,438$5,622,889$53,737,809
85$77,093,980$11,008,754$5,727,425$58,933,467
86$84,871,095$11,461,712$5,832,822$64,648,762
87$93,438,751$11,934,141$5,939,027$70,936,302
88$102,877,499$12,426,909$6,045,979$77,854,046
89$113,276,101$12,940,924$6,153,616$85,465,847
90$124,732,371$13,477,137$6,261,870$93,842,054
91$137,354,097$14,036,541$6,370,667$103,060,173
92$151,260,058$14,620,174$6,479,927$113,205,598
93$166,581,146$15,229,125$6,589,567$124,372,412
94$183,461,601$15,864,530$6,699,496$136,664,274
95$202,060,371$16,527,579$6,809,616$150,195,396
96$222,552,615$17,219,517$6,919,824$165,091,616
97$245,131,354$17,941,645$7,030,010$181,491,584
98$270,009,292$18,695,326$7,140,056$199,548,069
99$297,420,829$19,481,986$7,249,837$219,429,396
100$327,624,265$20,303,116$7,359,218$241,321,033