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%15.5%
1 years$223,789$221,796$219,851$217,953$216,099$211,218
2 years$110,787$108,723$106,724$104,785$102,904$98,013
3 years$73,124$71,052$69,057$67,137$65,287$60,538
4 years$54,297$52,231$50,256$48,368$46,563$41,993
5 years$43,003$40,950$39,001$37,151$35,397$31,018
6 years$35,476$33,438$31,518$29,710$28,008$23,826
7 years$30,102$28,081$26,192$24,426$22,778$18,793
8 years$26,074$24,071$22,213$20,491$18,897$15,108
9 years$22,942$20,958$19,132$17,454$15,914$12,317
10 years$20,438$18,474$16,680$15,045$13,559$10,152
11 years$18,391$16,446$14,684$13,094$11,661$8,438
12 years$16,686$14,761$13,032$11,485$10,106$7,062
13 years$15,244$13,340$11,643$10,140$8,812$5,942
14 years$14,010$12,125$10,462$9,001$7,725$5,022
15 years$12,941$11,077$9,445$8,027$6,801$4,261
16 years$12,006$10,163$8,564$7,187$6,011$3,625
17 years$11,183$9,359$7,793$6,458$5,330$3,093
18 years$10,451$8,649$7,114$5,820$4,739$2,644
19 years$9,798$8,015$6,512$5,259$4,224$2,265
20 years$9,210$7,448$5,977$4,763$3,773$1,943
21 years$8,680$6,938$5,497$4,322$3,376$1,669
22 years$8,198$6,476$5,067$3,930$3,026$1,435
23 years$7,758$6,057$4,678$3,579$2,717$1,235
24 years$7,356$5,675$4,326$3,264$2,442$1,064
25 years$6,987$5,326$4,007$2,981$2,197$917
26 years$6,646$5,005$3,716$2,726$1,979$791
27 years$6,332$4,711$3,451$2,495$1,784$683
28 years$6,040$4,439$3,208$2,286$1,610$590
29 years$5,769$4,187$2,985$2,096$1,454$509
30 years$5,516$3,955$2,781$1,924$1,314$440
31 years$5,281$3,738$2,593$1,767$1,188$380
32 years$5,060$3,537$2,419$1,624$1,074$329
33 years$4,853$3,350$2,259$1,493$972$284
34 years$4,659$3,175$2,110$1,374$880$246
35 years$4,476$3,011$1,973$1,265$797$213
36 years$4,304$2,858$1,846$1,165$722$184
37 years$4,142$2,715$1,727$1,073$655$159
38 years$3,988$2,580$1,618$989$594$138
39 years$3,843$2,453$1,516$912$538$119
40 years$3,705$2,334$1,421$841$488$103
41 years$3,574$2,222$1,332$776$443$89
42 years$3,450$2,116$1,250$716$402$77
43 years$3,332$2,016$1,172$661$365$67
44 years$3,220$1,922$1,101$611$331$58
45 years$3,113$1,833$1,033$564$301$50
46 years$3,011$1,748$971$521$273$43
47 years$2,913$1,668$912$481$248$38
48 years$2,820$1,593$857$445$225$32
49 years$2,731$1,521$805$411$204$28
50 years$2,646$1,453$757$380$186$24

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 $3,808 every year, while hoping to spend $31,403 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: 50/20/30 Blend
49$2,710,000$2,710,000$2,710,000$2,710,000
50$2,990,348$2,846,718$2,804,713$3,114,246
51$3,261,951$2,952,795$2,865,258$3,307,572
52$3,560,205$3,063,016$2,926,779$3,514,184
53$3,887,795$3,177,554$2,989,276$3,738,170
54$4,247,680$3,296,583$3,052,746$3,981,197
55$4,643,117$3,420,290$3,117,187$4,245,098
56$5,077,698$3,548,867$3,182,596$4,531,892
57$5,555,377$3,682,515$3,248,967$4,843,798
58$6,080,512$3,821,445$3,316,293$5,183,259
59$6,657,902$3,965,874$3,384,567$5,552,963
60$7,292,838$4,116,031$3,453,780$5,955,871
61$7,991,145$4,272,155$3,523,919$6,395,238
62$8,759,245$4,434,493$3,594,974$6,874,652
63$9,604,210$4,603,306$3,666,928$7,398,059
64$10,533,835$4,778,863$3,739,765$7,969,806
65$11,556,706$4,961,448$3,813,468$8,594,677
66$12,682,286$5,151,354$3,888,014$9,277,942
67$13,920,999$5,348,890$3,963,382$10,025,403
68$15,284,332$5,554,377$4,039,547$10,843,447
69$16,784,941$5,768,149$4,116,479$11,739,112
70$18,436,773$5,990,557$4,194,150$12,720,144
71$20,255,195$6,221,965$4,272,525$13,795,079
72$22,257,139$6,462,755$4,351,568$14,973,314
73$24,461,263$6,713,325$4,431,241$16,265,201
74$26,888,124$6,974,091$4,511,500$17,682,143
75$29,560,378$7,245,487$4,592,301$19,236,697
76$32,502,986$7,527,965$4,673,592$20,942,700
77$35,743,455$7,821,999$4,755,322$22,815,389
78$39,312,094$8,128,084$4,837,432$24,871,551
79$43,242,303$8,446,736$4,919,861$27,129,678
80$47,570,885$8,778,493$5,002,543$29,610,143
81$52,338,395$9,123,919$5,085,409$32,335,387
82$57,589,523$9,483,602$5,168,381$35,330,135
83$63,373,512$9,858,157$5,251,380$38,621,624
84$69,744,630$10,248,226$5,334,320$42,239,862
85$76,762,672$10,654,479$5,417,110$46,217,912
86$84,493,533$11,077,617$5,499,652$50,592,197
87$93,009,826$11,518,373$5,581,843$55,402,850
88$102,391,567$11,977,511$5,663,573$60,694,084
89$112,726,929$12,455,832$5,744,725$66,514,616
90$124,113,078$12,954,170$5,825,176$72,918,121
91$136,657,086$13,473,398$5,904,793$79,963,739
92$150,476,944$14,014,430$5,983,439$87,716,632
93$165,702,674$14,578,218$6,060,966$96,248,595
94$182,477,556$15,165,761$6,137,217$105,638,737
95$200,959,482$15,778,099$6,212,030$115,974,226
96$221,322,445$16,416,321$6,285,229$127,351,105
97$243,758,181$17,081,568$6,356,630$139,875,203
98$268,477,979$17,775,027$6,426,041$153,663,131
99$295,714,674$18,497,946$6,493,255$168,843,378
100$325,724,849$19,251,623$6,558,057$185,557,528