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

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$223,789$221,796$219,851$217,953$216,099$214,557
2 years$110,787$108,723$106,724$104,785$102,904$101,350
3 years$73,124$71,052$69,057$67,137$65,287$63,767
4 years$54,297$52,231$50,256$48,368$46,563$45,091
5 years$43,003$40,950$39,001$37,151$35,397$33,975
6 years$35,476$33,438$31,518$29,710$28,008$26,640
7 years$30,102$28,081$26,192$24,426$22,778$21,464
8 years$26,074$24,071$22,213$20,491$18,897$17,636
9 years$22,942$20,958$19,132$17,454$15,914$14,707
10 years$20,438$18,474$16,680$15,045$13,559$12,405
11 years$18,391$16,446$14,684$13,094$11,661$10,559
12 years$16,686$14,761$13,032$11,485$10,106$9,054
13 years$15,244$13,340$11,643$10,140$8,812$7,811
14 years$14,010$12,125$10,462$9,001$7,725$6,772
15 years$12,941$11,077$9,445$8,027$6,801$5,896
16 years$12,006$10,163$8,564$7,187$6,011$5,152
17 years$11,183$9,359$7,793$6,458$5,330$4,515
18 years$10,451$8,649$7,114$5,820$4,739$3,967
19 years$9,798$8,015$6,512$5,259$4,224$3,494
20 years$9,210$7,448$5,977$4,763$3,773$3,083
21 years$8,680$6,938$5,497$4,322$3,376$2,725
22 years$8,198$6,476$5,067$3,930$3,026$2,412
23 years$7,758$6,057$4,678$3,579$2,717$2,138
24 years$7,356$5,675$4,326$3,264$2,442$1,897
25 years$6,987$5,326$4,007$2,981$2,197$1,685
26 years$6,646$5,005$3,716$2,726$1,979$1,498
27 years$6,332$4,711$3,451$2,495$1,784$1,333
28 years$6,040$4,439$3,208$2,286$1,610$1,187
29 years$5,769$4,187$2,985$2,096$1,454$1,057
30 years$5,516$3,955$2,781$1,924$1,314$942
31 years$5,281$3,738$2,593$1,767$1,188$840
32 years$5,060$3,537$2,419$1,624$1,074$750
33 years$4,853$3,350$2,259$1,493$972$669
34 years$4,659$3,175$2,110$1,374$880$597
35 years$4,476$3,011$1,973$1,265$797$533
36 years$4,304$2,858$1,846$1,165$722$476
37 years$4,142$2,715$1,727$1,073$655$426
38 years$3,988$2,580$1,618$989$594$380
39 years$3,843$2,453$1,516$912$538$340
40 years$3,705$2,334$1,421$841$488$304
41 years$3,574$2,222$1,332$776$443$272
42 years$3,450$2,116$1,250$716$402$243
43 years$3,332$2,016$1,172$661$365$217
44 years$3,220$1,922$1,101$611$331$194
45 years$3,113$1,833$1,033$564$301$174
46 years$3,011$1,748$971$521$273$156
47 years$2,913$1,668$912$481$248$139
48 years$2,820$1,593$857$445$225$125
49 years$2,731$1,521$805$411$204$111
50 years$2,646$1,453$757$380$186$100

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 $6,702 every year, while hoping to spend $31,383 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: 36/50/14 Blend
49$2,710,000$2,710,000$2,710,000$2,710,000
50$2,993,333$2,849,703$2,807,698$3,087,975
51$3,265,262$2,955,947$2,868,365$3,263,014
52$3,563,875$3,066,346$2,930,012$3,448,372
53$3,891,863$3,181,069$2,992,639$3,647,797
54$4,252,185$3,300,294$3,056,245$3,862,555
55$4,648,107$3,424,206$3,120,828$4,094,037
56$5,083,221$3,553,000$3,186,384$4,343,772
57$5,561,489$3,686,877$3,252,907$4,613,435
58$6,087,274$3,826,046$3,320,392$4,904,866
59$6,665,381$3,970,728$3,388,830$5,220,087
60$7,301,108$4,121,151$3,458,214$5,561,318
61$8,000,288$4,277,555$3,528,531$5,930,996
62$8,769,350$4,440,188$3,599,770$6,331,801
63$9,615,377$4,609,310$3,671,915$6,766,678
64$10,546,173$4,785,194$3,744,952$7,238,863
65$11,570,336$4,968,122$3,818,861$7,751,912
66$12,697,339$5,158,389$3,893,622$8,309,736
67$13,937,623$5,356,305$3,969,213$8,916,636
68$15,302,687$5,562,190$4,045,608$9,577,339
69$16,805,206$5,776,383$4,122,781$10,297,045
70$18,459,144$5,999,232$4,200,701$11,081,475
71$20,279,887$6,231,105$4,279,335$11,936,921
72$22,284,390$6,472,384$4,358,648$12,870,302
73$24,491,335$6,723,468$4,438,600$13,889,237
74$26,921,308$6,984,774$4,519,149$15,002,102
75$29,596,991$7,256,738$4,600,250$16,218,120
76$32,543,380$7,539,814$4,681,855$17,547,438
77$35,788,016$7,834,477$4,763,908$19,001,224
78$39,361,250$8,141,222$4,846,355$20,591,770
79$43,296,524$8,460,568$4,929,134$22,332,606
80$47,630,688$8,793,055$5,012,180$24,238,626
81$52,404,352$9,139,249$5,095,421$26,326,227
82$57,662,263$9,499,739$5,178,785$28,613,460
83$63,453,730$9,875,142$5,262,190$31,120,199
84$69,833,088$10,266,102$5,345,552$33,868,326
85$76,860,215$10,673,292$5,428,779$36,881,933
86$84,601,088$11,097,415$5,511,775$40,187,553
87$93,128,417$11,539,206$5,594,437$43,814,400
88$102,522,321$11,999,432$5,676,656$47,794,646
89$112,871,089$12,478,896$5,758,315$52,163,722
90$124,272,014$12,978,435$5,839,292$56,960,647
91$136,832,307$13,498,927$5,919,456$62,228,395
92$150,670,113$14,041,285$5,998,669$68,014,298
93$165,915,624$14,606,468$6,076,784$74,370,485
94$182,712,308$15,195,475$6,153,647$81,354,376
95$201,218,263$15,809,352$6,229,093$89,029,216
96$221,607,707$16,449,192$6,302,949$97,464,671
97$244,072,629$17,116,138$6,375,033$106,737,477
98$268,824,591$17,811,383$6,445,151$116,932,166
99$296,096,736$18,536,177$6,513,100$128,141,854
100$326,145,978$19,291,824$6,578,664$140,469,121