Can I retire at age 50 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$224,615$222,614$220,662$218,757$216,897$212,517
2 years$111,196$109,125$107,118$105,172$103,284$98,891
3 years$73,394$71,314$69,312$67,384$65,528$61,258
4 years$54,497$52,423$50,442$48,547$46,735$42,622
5 years$43,162$41,101$39,145$37,289$35,527$31,582
6 years$35,607$33,562$31,635$29,820$28,111$24,339
7 years$30,213$28,185$26,289$24,517$22,862$19,263
8 years$26,170$24,160$22,295$20,566$18,966$15,539
9 years$23,027$21,035$19,203$17,518$15,972$12,715
10 years$20,513$18,542$16,741$15,101$13,609$10,518
11 years$18,458$16,507$14,739$13,142$11,704$8,776
12 years$16,747$14,815$13,080$11,527$10,143$7,373
13 years$15,300$13,389$11,686$10,177$8,845$6,229
14 years$14,061$12,170$10,500$9,034$7,753$5,286
15 years$12,988$11,118$9,480$8,057$6,827$4,503
16 years$12,051$10,200$8,595$7,214$6,033$3,848
17 years$11,224$9,394$7,821$6,482$5,350$3,297
18 years$10,490$8,680$7,140$5,841$4,757$2,831
19 years$9,834$8,045$6,536$5,278$4,240$2,436
20 years$9,244$7,476$5,999$4,780$3,787$2,099
21 years$8,712$6,963$5,518$4,338$3,389$1,811
22 years$8,228$6,500$5,085$3,945$3,038$1,565
23 years$7,787$6,079$4,695$3,592$2,727$1,353
24 years$7,383$5,696$4,342$3,277$2,451$1,171
25 years$7,013$5,345$4,022$2,992$2,205$1,015
26 years$6,671$5,024$3,730$2,736$1,987$879
27 years$6,355$4,728$3,464$2,504$1,791$763
28 years$6,062$4,455$3,220$2,295$1,616$662
29 years$5,790$4,203$2,997$2,104$1,459$574
30 years$5,537$3,969$2,791$1,931$1,319$499
31 years$5,300$3,752$2,602$1,774$1,192$433
32 years$5,079$3,550$2,428$1,630$1,078$376
33 years$4,871$3,362$2,267$1,499$976$327
34 years$4,676$3,187$2,118$1,379$884$284
35 years$4,493$3,023$1,980$1,270$800$247
36 years$4,320$2,869$1,852$1,169$725$215
37 years$4,157$2,725$1,734$1,077$657$187
38 years$4,003$2,589$1,624$993$596$162
39 years$3,857$2,462$1,521$916$540$141
40 years$3,719$2,343$1,426$844$490$123
41 years$3,588$2,230$1,337$779$445$107
42 years$3,463$2,124$1,254$719$403$93
43 years$3,345$2,024$1,177$664$366$81
44 years$3,232$1,929$1,105$613$332$70
45 years$3,124$1,839$1,037$566$302$61
46 years$3,022$1,755$974$523$274$53
47 years$2,924$1,674$915$483$249$46
48 years$2,831$1,599$860$446$226$40
49 years$2,741$1,526$808$412$205$35
50 years$2,656$1,458$760$381$186$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,720,000, adding $3,505 every year, while hoping to spend $25,750 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: 35/48/17 Blend
49$2,720,000$2,720,000$2,720,000$2,720,000
50$3,001,055$2,856,895$2,814,735$3,090,311
51$3,279,765$2,969,485$2,881,631$3,268,268
52$3,586,040$3,086,729$2,949,905$3,457,484
53$3,922,666$3,208,828$3,019,576$3,661,098
54$4,292,708$3,335,991$3,090,662$3,880,402
55$4,699,548$3,468,438$3,163,183$4,116,813
56$5,146,908$3,606,398$3,237,156$4,371,885
57$5,638,892$3,750,111$3,312,600$4,647,326
58$6,180,018$3,899,825$3,389,531$4,945,006
59$6,775,266$4,055,804$3,467,967$5,266,982
60$7,430,124$4,218,319$3,547,925$5,615,511
61$8,150,637$4,387,656$3,629,420$5,993,070
62$8,943,465$4,564,115$3,712,469$6,402,381
63$9,815,948$4,748,005$3,797,086$6,846,436
64$10,776,171$4,939,655$3,883,285$7,328,520
65$11,833,046$5,139,403$3,971,080$7,852,243
66$12,996,390$5,347,607$4,060,485$8,421,573
67$14,277,020$5,564,638$4,151,510$9,040,874
68$15,686,858$5,790,887$4,244,167$9,714,941
69$17,239,037$6,026,760$4,338,465$10,449,045
70$18,948,029$6,272,682$4,434,415$11,248,986
71$20,829,783$6,529,098$4,532,023$12,121,140
72$22,901,872$6,796,475$4,631,296$13,072,520
73$25,183,658$7,075,297$4,732,240$14,110,840
74$27,696,478$7,366,074$4,834,857$15,244,587
75$30,463,845$7,669,338$4,939,151$16,483,098
76$33,511,667$7,985,645$5,045,122$17,836,647
77$36,868,493$8,315,578$5,152,770$19,316,537
78$40,565,782$8,659,744$5,262,090$20,935,208
79$44,638,201$9,018,780$5,373,079$22,706,352
80$49,123,949$9,393,352$5,485,730$24,645,035
81$54,065,123$9,784,157$5,600,032$26,767,844
82$59,508,108$10,191,923$5,715,976$29,093,035
83$65,504,020$10,617,413$5,833,546$31,640,703
84$72,109,187$11,061,423$5,952,727$34,432,975
85$79,385,680$11,524,788$6,073,499$37,494,207
86$87,401,897$12,008,381$6,195,839$40,851,215
87$96,233,213$12,513,114$6,319,722$44,533,529
88$105,962,688$13,039,943$6,445,119$48,573,659
89$116,681,850$13,589,869$6,571,999$53,007,407
90$128,491,562$14,163,936$6,700,324$57,874,195
91$141,502,971$14,763,239$6,830,056$63,217,438
92$155,838,561$15,388,924$6,961,149$69,084,946
93$171,633,303$16,042,190$7,093,556$75,529,374
94$189,035,934$16,724,291$7,227,224$82,608,711
95$208,210,358$17,436,540$7,362,095$90,386,826
96$229,337,195$18,180,311$7,498,105$98,934,067
97$252,615,485$18,957,043$7,635,188$108,327,914
98$278,264,566$19,768,240$7,773,269$118,653,712
99$306,526,146$20,615,478$7,912,268$130,005,467
100$337,666,583$21,500,406$8,052,099$142,486,728