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%17.5%
1 years$223,789$221,796$219,851$217,953$216,099$209,517
2 years$110,787$108,723$106,724$104,785$102,904$96,330
3 years$73,124$71,052$69,057$67,137$65,287$58,926
4 years$54,297$52,231$50,256$48,368$46,563$40,464
5 years$43,003$40,950$39,001$37,151$35,397$29,576
6 years$35,476$33,438$31,518$29,710$28,008$22,472
7 years$30,102$28,081$26,192$24,426$22,778$17,525
8 years$26,074$24,071$22,213$20,491$18,897$13,924
9 years$22,942$20,958$19,132$17,454$15,914$11,216
10 years$20,438$18,474$16,680$15,045$13,559$9,129
11 years$18,391$16,446$14,684$13,094$11,661$7,492
12 years$16,686$14,761$13,032$11,485$10,106$6,188
13 years$15,244$13,340$11,643$10,140$8,812$5,137
14 years$14,010$12,125$10,462$9,001$7,725$4,283
15 years$12,941$11,077$9,445$8,027$6,801$3,582
16 years$12,006$10,163$8,564$7,187$6,011$3,005
17 years$11,183$9,359$7,793$6,458$5,330$2,527
18 years$10,451$8,649$7,114$5,820$4,739$2,129
19 years$9,798$8,015$6,512$5,259$4,224$1,796
20 years$9,210$7,448$5,977$4,763$3,773$1,517
21 years$8,680$6,938$5,497$4,322$3,376$1,284
22 years$8,198$6,476$5,067$3,930$3,026$1,087
23 years$7,758$6,057$4,678$3,579$2,717$921
24 years$7,356$5,675$4,326$3,264$2,442$781
25 years$6,987$5,326$4,007$2,981$2,197$662
26 years$6,646$5,005$3,716$2,726$1,979$562
27 years$6,332$4,711$3,451$2,495$1,784$477
28 years$6,040$4,439$3,208$2,286$1,610$405
29 years$5,769$4,187$2,985$2,096$1,454$345
30 years$5,516$3,955$2,781$1,924$1,314$293
31 years$5,281$3,738$2,593$1,767$1,188$249
32 years$5,060$3,537$2,419$1,624$1,074$212
33 years$4,853$3,350$2,259$1,493$972$180
34 years$4,659$3,175$2,110$1,374$880$153
35 years$4,476$3,011$1,973$1,265$797$130
36 years$4,304$2,858$1,846$1,165$722$111
37 years$4,142$2,715$1,727$1,073$655$94
38 years$3,988$2,580$1,618$989$594$80
39 years$3,843$2,453$1,516$912$538$68
40 years$3,705$2,334$1,421$841$488$58
41 years$3,574$2,222$1,332$776$443$49
42 years$3,450$2,116$1,250$716$402$42
43 years$3,332$2,016$1,172$661$365$36
44 years$3,220$1,922$1,101$611$331$30
45 years$3,113$1,833$1,033$564$301$26
46 years$3,011$1,748$971$521$273$22
47 years$2,913$1,668$912$481$248$19
48 years$2,820$1,593$857$445$225$16
49 years$2,731$1,521$805$411$204$14
50 years$2,646$1,453$757$380$186$12

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 $3,499 every year, while hoping to spend $54,535 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: 65/24/11 Blend
49$2,710,000$2,710,000$2,710,000$2,710,000
50$2,990,029$2,846,399$2,804,394$3,176,890
51$3,236,987$2,927,848$2,840,317$3,383,414
52$3,507,307$3,011,460$2,875,615$3,602,256
53$3,803,315$3,097,283$2,910,210$3,839,981
54$4,127,570$3,185,368$2,944,019$4,098,423
55$4,482,894$3,275,762$2,976,955$4,379,608
56$4,872,391$3,368,516$3,008,925$4,685,760
57$5,299,483$3,463,681$3,039,832$5,019,333
58$5,767,936$3,561,308$3,069,572$5,383,025
59$6,281,901$3,661,447$3,098,038$5,779,811
60$6,845,947$3,764,151$3,125,115$6,212,964
61$7,465,110$3,869,471$3,150,683$6,686,090
62$8,144,935$3,977,459$3,174,615$7,203,160
63$8,891,532$4,088,167$3,196,777$7,768,549
64$9,711,629$4,201,649$3,217,031$8,387,074
65$10,612,641$4,317,955$3,235,227$9,064,042
66$11,602,735$4,437,139$3,251,211$9,805,300
67$12,690,908$4,559,253$3,264,821$10,617,287
68$13,887,072$4,684,348$3,275,884$11,507,096
69$15,202,148$4,812,476$3,284,221$12,482,543
70$16,648,168$4,943,687$3,289,643$13,552,239
71$18,238,387$5,078,034$3,291,951$14,725,667
72$19,987,409$5,215,565$3,290,939$16,013,280
73$21,911,326$5,356,329$3,286,386$17,426,589
74$24,027,866$5,500,374$3,278,066$18,978,282
75$26,356,564$5,647,747$3,265,736$20,682,333
76$28,918,941$5,798,494$3,249,146$22,554,145
77$31,738,712$5,952,659$3,228,031$24,610,683
78$34,842,005$6,110,285$3,202,115$26,870,644
79$38,257,612$6,271,411$3,171,108$29,354,629
80$42,017,255$6,436,076$3,134,706$32,085,335
81$46,155,889$6,604,318$3,092,593$35,087,774
82$50,712,028$6,776,168$3,044,434$38,389,506
83$55,728,114$6,951,659$2,989,881$42,020,899
84$61,250,909$7,130,818$2,928,569$46,015,415
85$67,331,943$7,313,669$2,860,117$50,409,928
86$74,027,996$7,500,234$2,784,126$55,245,070
87$81,401,634$7,690,528$2,700,177$60,565,614
88$89,521,801$7,884,564$2,607,833$66,420,898
89$98,464,467$8,082,350$2,506,638$72,865,291
90$108,313,345$8,283,888$2,396,113$79,958,702
91$119,160,682$8,489,174$2,275,758$87,767,151
92$131,108,128$8,698,200$2,145,052$96,363,388
93$144,267,694$8,910,949$2,003,449$105,827,582
94$158,762,813$9,127,399$1,850,378$116,248,076
95$174,729,497$9,347,519$1,685,244$127,722,223
96$192,317,629$9,571,271$1,507,422$140,357,303
97$211,692,371$9,798,607$1,316,265$154,271,536
98$233,035,724$10,029,470$1,111,091$169,595,199
99$256,548,247$10,263,793$891,192$186,471,855
100$282,450,948$10,501,499$655,827$205,059,710