Can I retire at age 50 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$223,789$221,796$219,851$217,953$216,099$213,046
2 years$110,787$108,723$106,724$104,785$102,904$99,834
3 years$73,124$71,052$69,057$67,137$65,287$62,295
4 years$54,297$52,231$50,256$48,368$46,563$43,673
5 years$43,003$40,950$39,001$37,151$35,397$32,616
6 years$35,476$33,438$31,518$29,710$28,008$25,341
7 years$30,102$28,081$26,192$24,426$22,778$20,225
8 years$26,074$24,071$22,213$20,491$18,897$16,457
9 years$22,942$20,958$19,132$17,454$15,914$13,587
10 years$20,438$18,474$16,680$15,045$13,559$11,344
11 years$18,391$16,446$14,684$13,094$11,661$9,555
12 years$16,686$14,761$13,032$11,485$10,106$8,105
13 years$15,244$13,340$11,643$10,140$8,812$6,915
14 years$14,010$12,125$10,462$9,001$7,725$5,928
15 years$12,941$11,077$9,445$8,027$6,801$5,103
16 years$12,006$10,163$8,564$7,187$6,011$4,407
17 years$11,183$9,359$7,793$6,458$5,330$3,816
18 years$10,451$8,649$7,114$5,820$4,739$3,313
19 years$9,798$8,015$6,512$5,259$4,224$2,882
20 years$9,210$7,448$5,977$4,763$3,773$2,512
21 years$8,680$6,938$5,497$4,322$3,376$2,192
22 years$8,198$6,476$5,067$3,930$3,026$1,916
23 years$7,758$6,057$4,678$3,579$2,717$1,676
24 years$7,356$5,675$4,326$3,264$2,442$1,468
25 years$6,987$5,326$4,007$2,981$2,197$1,286
26 years$6,646$5,005$3,716$2,726$1,979$1,128
27 years$6,332$4,711$3,451$2,495$1,784$990
28 years$6,040$4,439$3,208$2,286$1,610$870
29 years$5,769$4,187$2,985$2,096$1,454$764
30 years$5,516$3,955$2,781$1,924$1,314$672
31 years$5,281$3,738$2,593$1,767$1,188$591
32 years$5,060$3,537$2,419$1,624$1,074$520
33 years$4,853$3,350$2,259$1,493$972$457
34 years$4,659$3,175$2,110$1,374$880$403
35 years$4,476$3,011$1,973$1,265$797$354
36 years$4,304$2,858$1,846$1,165$722$312
37 years$4,142$2,715$1,727$1,073$655$275
38 years$3,988$2,580$1,618$989$594$242
39 years$3,843$2,453$1,516$912$538$213
40 years$3,705$2,334$1,421$841$488$188
41 years$3,574$2,222$1,332$776$443$166
42 years$3,450$2,116$1,250$716$402$146
43 years$3,332$2,016$1,172$661$365$129
44 years$3,220$1,922$1,101$611$331$113
45 years$3,113$1,833$1,033$564$301$100
46 years$3,011$1,748$971$521$273$88
47 years$2,913$1,668$912$481$248$78
48 years$2,820$1,593$857$445$225$68
49 years$2,731$1,521$805$411$204$60
50 years$2,646$1,453$757$380$186$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,710,000, adding $6,789 every year, while hoping to spend $37,883 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: 56/27/17 Blend
49$2,710,000$2,710,000$2,710,000$2,710,000
50$2,993,423$2,849,793$2,807,788$3,147,230
51$3,258,445$2,949,125$2,861,542$3,351,956
52$3,549,229$3,052,056$2,915,826$3,570,192
53$3,868,364$3,158,720$2,970,620$3,807,073
54$4,218,700$3,269,260$3,025,898$4,064,396
55$4,603,376$3,383,822$3,081,635$4,344,133
56$5,025,852$3,502,561$3,137,801$4,648,460
57$5,489,938$3,625,636$3,194,367$4,979,766
58$5,999,831$3,753,212$3,251,297$5,340,683
59$6,560,156$3,885,461$3,308,558$5,734,108
60$7,176,007$4,022,564$3,366,110$6,163,229
61$7,852,996$4,164,706$3,423,911$6,631,554
62$8,597,307$4,312,081$3,481,917$7,142,947
63$9,415,751$4,464,892$3,540,080$7,701,661
64$10,315,835$4,623,349$3,598,350$8,312,379
65$11,305,827$4,787,670$3,656,671$8,980,254
66$12,394,838$4,958,083$3,714,987$9,710,966
67$13,592,907$5,134,824$3,773,234$10,510,764
68$14,911,093$5,318,140$3,831,347$11,386,532
69$16,361,582$5,508,287$3,889,255$12,345,851
70$17,957,803$5,705,533$3,946,885$13,397,071
71$19,714,550$5,910,154$4,004,156$14,549,386
72$21,648,124$6,122,442$4,060,985$15,812,923
73$23,776,487$6,342,696$4,117,283$17,198,838
74$26,119,431$6,571,231$4,172,954$18,719,416
75$28,698,765$6,808,373$4,227,900$20,388,190
76$31,538,518$7,054,461$4,282,013$22,220,069
77$34,665,168$7,309,852$4,335,182$24,231,473
78$38,107,894$7,574,913$4,387,289$26,440,492
79$41,898,843$7,850,028$4,438,208$28,867,053
80$46,073,444$8,135,598$4,487,807$31,533,109
81$50,670,734$8,432,041$4,535,946$34,462,845
82$55,733,727$8,739,789$4,582,479$37,682,903
83$61,309,825$9,059,297$4,627,250$41,222,638
84$67,451,259$9,391,035$4,670,095$45,114,386
85$74,215,587$9,735,494$4,710,842$49,393,777
86$81,666,231$10,093,188$4,749,310$54,100,064
87$89,873,082$10,464,649$4,785,307$59,276,495
88$98,913,154$10,850,435$4,818,632$64,970,720
89$108,871,313$11,251,123$4,849,074$71,235,239
90$119,841,078$11,667,320$4,876,409$78,127,896
91$131,925,504$12,099,654$4,900,404$85,712,426
92$145,238,151$12,548,783$4,920,813$94,059,053
93$159,904,159$13,015,390$4,937,378$103,245,152
94$176,061,430$13,500,191$4,949,826$113,355,980
95$193,861,924$14,003,928$4,957,874$124,485,474
96$213,473,099$14,527,379$4,961,221$136,737,146
97$235,079,487$15,071,353$4,959,554$150,225,047
98$258,884,439$15,636,694$4,952,544$165,074,850
99$285,112,042$16,224,282$4,939,844$181,425,035
100$314,009,233$16,835,035$4,921,092$199,428,187