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%19.8%
1 years$224,615$222,614$220,662$218,757$216,897$208,373
2 years$111,196$109,125$107,118$105,172$103,284$94,801
3 years$73,394$71,314$69,312$67,384$65,528$57,352
4 years$54,497$52,423$50,442$48,547$46,735$38,930
5 years$43,162$41,101$39,145$37,289$35,527$28,111
6 years$35,607$33,562$31,635$29,820$28,111$21,090
7 years$30,213$28,185$26,289$24,517$22,862$16,233
8 years$26,170$24,160$22,295$20,566$18,966$12,723
9 years$23,027$21,035$19,203$17,518$15,972$10,105
10 years$20,513$18,542$16,741$15,101$13,609$8,107
11 years$18,458$16,507$14,739$13,142$11,704$6,554
12 years$16,747$14,815$13,080$11,527$10,143$5,331
13 years$15,300$13,389$11,686$10,177$8,845$4,357
14 years$14,061$12,170$10,500$9,034$7,753$3,574
15 years$12,988$11,118$9,480$8,057$6,827$2,941
16 years$12,051$10,200$8,595$7,214$6,033$2,427
17 years$11,224$9,394$7,821$6,482$5,350$2,006
18 years$10,490$8,680$7,140$5,841$4,757$1,661
19 years$9,834$8,045$6,536$5,278$4,240$1,377
20 years$9,244$7,476$5,999$4,780$3,787$1,144
21 years$8,712$6,963$5,518$4,338$3,389$950
22 years$8,228$6,500$5,085$3,945$3,038$790
23 years$7,787$6,079$4,695$3,592$2,727$657
24 years$7,383$5,696$4,342$3,277$2,451$547
25 years$7,013$5,345$4,022$2,992$2,205$456
26 years$6,671$5,024$3,730$2,736$1,987$380
27 years$6,355$4,728$3,464$2,504$1,791$317
28 years$6,062$4,455$3,220$2,295$1,616$264
29 years$5,790$4,203$2,997$2,104$1,459$220
30 years$5,537$3,969$2,791$1,931$1,319$184
31 years$5,300$3,752$2,602$1,774$1,192$153
32 years$5,079$3,550$2,428$1,630$1,078$128
33 years$4,871$3,362$2,267$1,499$976$107
34 years$4,676$3,187$2,118$1,379$884$89
35 years$4,493$3,023$1,980$1,270$800$74
36 years$4,320$2,869$1,852$1,169$725$62
37 years$4,157$2,725$1,734$1,077$657$52
38 years$4,003$2,589$1,624$993$596$43
39 years$3,857$2,462$1,521$916$540$36
40 years$3,719$2,343$1,426$844$490$30
41 years$3,588$2,230$1,337$779$445$25
42 years$3,463$2,124$1,254$719$403$21
43 years$3,345$2,024$1,177$664$366$17
44 years$3,232$1,929$1,105$613$332$15
45 years$3,124$1,839$1,037$566$302$12
46 years$3,022$1,755$974$523$274$10
47 years$2,924$1,674$915$483$249$8
48 years$2,831$1,599$860$446$226$7
49 years$2,741$1,526$808$412$205$6
50 years$2,656$1,458$760$381$186$5

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 $3,863 every year, while hoping to spend $21,611 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: 42/41/17 Blend
49$2,720,000$2,720,000$2,720,000$2,720,000
50$3,001,425$2,857,265$2,815,105$3,112,387
51$3,284,576$2,974,277$2,886,417$3,308,147
52$3,595,885$3,096,298$2,959,393$3,517,584
53$3,938,199$3,223,551$3,034,068$3,743,923
54$4,314,660$3,356,269$3,110,473$3,988,721
55$4,728,724$3,494,695$3,188,643$4,253,691
56$5,184,203$3,639,085$3,268,612$4,540,712
57$5,685,295$3,789,703$3,350,413$4,851,847
58$6,236,626$3,946,829$3,434,083$5,189,363
59$6,843,293$4,110,755$3,519,656$5,555,752
60$7,510,911$4,281,784$3,607,167$5,953,750
61$8,245,669$4,460,237$3,696,652$6,386,364
62$9,054,385$4,646,446$3,788,147$6,856,899
63$9,944,571$4,840,760$3,881,689$7,368,990
64$10,924,504$5,043,545$3,977,313$7,926,632
65$12,003,308$5,255,183$4,075,057$8,534,215
66$13,191,031$5,476,072$4,174,957$9,196,572
67$14,498,748$5,706,632$4,277,050$9,919,014
68$15,938,663$5,947,300$4,381,374$10,707,384
69$17,524,222$6,198,533$4,487,965$11,568,109
70$19,270,242$6,460,811$4,596,861$12,508,259
71$21,193,051$6,734,634$4,708,100$13,535,614
72$23,310,639$7,020,528$4,821,719$14,658,734
73$25,642,832$7,319,042$4,937,754$15,887,036
74$28,211,476$7,630,750$5,056,244$17,230,886
75$31,040,643$7,956,253$5,177,225$18,701,690
76$34,156,861$8,296,182$5,300,734$20,312,005
77$37,589,360$8,651,194$5,426,807$22,075,648
78$41,370,351$9,021,980$5,555,483$24,007,833
79$45,535,331$9,409,260$5,686,795$26,125,303
80$50,123,412$9,813,791$5,820,780$28,446,494
81$55,177,697$10,236,364$5,957,473$30,991,703
82$60,745,683$10,677,807$6,096,909$33,783,273
83$66,879,708$11,138,985$6,239,122$36,845,810
84$73,637,451$11,620,808$6,384,144$40,206,404
85$81,082,467$12,124,224$6,532,010$43,894,887
86$89,284,796$12,650,228$6,682,749$47,944,110
87$98,321,618$13,199,862$6,836,394$52,390,246
88$108,277,984$13,774,216$6,992,974$57,273,136
89$119,247,617$14,374,431$7,152,517$62,636,655
90$131,333,799$15,001,703$7,315,052$68,529,125
91$144,650,344$15,657,284$7,480,603$75,003,767
92$159,322,672$16,342,484$7,649,196$82,119,197
93$175,488,994$17,058,675$7,820,854$89,939,981
94$193,301,616$17,807,295$7,995,597$98,537,234
95$212,928,377$18,589,849$8,173,446$107,989,288
96$234,554,233$19,407,913$8,354,418$118,382,431
97$258,383,002$20,263,138$8,538,528$129,811,710
98$284,639,288$21,157,252$8,725,789$142,381,827
99$313,570,605$22,092,066$8,916,212$156,208,121
100$345,449,706$23,069,476$9,109,804$171,417,652