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%17.2%
1 years$224,615$222,614$220,662$218,757$216,897$210,544
2 years$111,196$109,125$107,118$105,172$103,284$96,936
3 years$73,394$71,314$69,312$67,384$65,528$59,382
4 years$54,497$52,423$50,442$48,547$46,735$40,839
5 years$43,162$41,101$39,145$37,289$35,527$29,898
6 years$35,607$33,562$31,635$29,820$28,111$22,753
7 years$30,213$28,185$26,289$24,517$22,862$17,775
8 years$26,170$24,160$22,295$20,566$18,966$14,147
9 years$23,027$21,035$19,203$17,518$15,972$11,417
10 years$20,513$18,542$16,741$15,101$13,609$9,310
11 years$18,458$16,507$14,739$13,142$11,704$7,655
12 years$16,747$14,815$13,080$11,527$10,143$6,335
13 years$15,300$13,389$11,686$10,177$8,845$5,270
14 years$14,061$12,170$10,500$9,034$7,753$4,403
15 years$12,988$11,118$9,480$8,057$6,827$3,691
16 years$12,051$10,200$8,595$7,214$6,033$3,103
17 years$11,224$9,394$7,821$6,482$5,350$2,614
18 years$10,490$8,680$7,140$5,841$4,757$2,207
19 years$9,834$8,045$6,536$5,278$4,240$1,867
20 years$9,244$7,476$5,999$4,780$3,787$1,581
21 years$8,712$6,963$5,518$4,338$3,389$1,340
22 years$8,228$6,500$5,085$3,945$3,038$1,137
23 years$7,787$6,079$4,695$3,592$2,727$966
24 years$7,383$5,696$4,342$3,277$2,451$821
25 years$7,013$5,345$4,022$2,992$2,205$698
26 years$6,671$5,024$3,730$2,736$1,987$594
27 years$6,355$4,728$3,464$2,504$1,791$506
28 years$6,062$4,455$3,220$2,295$1,616$431
29 years$5,790$4,203$2,997$2,104$1,459$367
30 years$5,537$3,969$2,791$1,931$1,319$312
31 years$5,300$3,752$2,602$1,774$1,192$266
32 years$5,079$3,550$2,428$1,630$1,078$227
33 years$4,871$3,362$2,267$1,499$976$193
34 years$4,676$3,187$2,118$1,379$884$165
35 years$4,493$3,023$1,980$1,270$800$141
36 years$4,320$2,869$1,852$1,169$725$120
37 years$4,157$2,725$1,734$1,077$657$102
38 years$4,003$2,589$1,624$993$596$87
39 years$3,857$2,462$1,521$916$540$74
40 years$3,719$2,343$1,426$844$490$63
41 years$3,588$2,230$1,337$779$445$54
42 years$3,463$2,124$1,254$719$403$46
43 years$3,345$2,024$1,177$664$366$39
44 years$3,232$1,929$1,105$613$332$34
45 years$3,124$1,839$1,037$566$302$29
46 years$3,022$1,755$974$523$274$24
47 years$2,924$1,674$915$483$249$21
48 years$2,831$1,599$860$446$226$18
49 years$2,741$1,526$808$412$205$15
50 years$2,656$1,458$760$381$186$13

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 $3,490 every year, while hoping to spend $24,264 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: 74/9/17 Blend
49$2,720,000$2,720,000$2,720,000$2,720,000
50$3,001,040$2,856,880$2,814,720$3,211,230
51$3,281,329$2,971,050$2,883,196$3,465,128
52$3,589,395$3,090,002$2,953,153$3,739,940
53$3,928,044$3,213,943$3,024,615$4,040,431
54$4,300,371$3,343,092$3,097,606$4,369,147
55$4,709,782$3,477,677$3,172,149$4,728,893
56$5,160,033$3,617,936$3,248,269$5,122,758
57$5,655,259$3,764,118$3,325,989$5,554,142
58$6,200,019$3,916,484$3,405,333$6,026,792
59$6,799,335$4,075,305$3,486,325$6,544,833
60$7,458,738$4,240,866$3,568,988$7,112,806
61$8,184,325$4,413,464$3,653,345$7,735,716
62$8,982,813$4,593,411$3,739,419$8,419,073
63$9,861,603$4,781,031$3,827,233$9,168,948
64$10,828,850$4,976,665$3,916,808$9,992,028
65$11,893,538$5,180,667$4,008,168$10,895,675
66$13,065,570$5,393,411$4,101,332$11,888,005
67$14,355,854$5,615,284$4,196,322$12,977,953
68$15,776,411$5,846,693$4,293,159$14,175,364
69$17,340,488$6,088,063$4,391,862$15,491,085
70$19,062,678$6,339,839$4,492,451$16,937,061
71$20,959,067$6,602,486$4,594,943$18,526,458
72$23,047,375$6,876,491$4,699,357$20,273,774
73$25,347,130$7,162,362$4,805,708$22,194,986
74$27,879,851$7,460,632$4,914,014$24,307,696
75$30,669,251$7,771,858$5,024,288$26,631,295
76$33,741,457$8,096,622$5,136,544$29,187,148
77$37,125,263$8,435,533$5,250,795$31,998,795
78$40,852,395$8,789,230$5,367,053$35,092,171
79$44,957,816$9,158,379$5,485,326$38,495,852
80$49,480,052$9,543,678$5,605,623$42,241,323
81$54,461,557$9,945,858$5,727,951$46,363,274
82$59,949,114$10,365,683$5,852,315$50,899,929
83$65,994,274$10,803,952$5,978,718$55,893,404
84$72,653,847$11,261,503$6,107,162$61,390,104
85$79,990,433$11,739,210$6,237,646$67,441,163
86$88,073,017$12,237,991$6,370,166$74,102,921
87$96,977,616$12,758,804$6,504,719$81,437,460
88$106,788,001$13,302,653$6,641,294$89,513,185
89$117,596,483$13,870,589$6,779,884$98,405,474
90$129,504,787$14,463,711$6,920,473$108,197,381
91$142,625,013$15,083,170$7,063,046$118,980,429
92$157,080,689$15,730,171$7,207,584$130,855,463
93$173,007,945$16,405,974$7,354,063$143,933,607
94$190,556,789$17,111,901$7,502,457$158,337,313
95$209,892,529$17,849,331$7,652,737$174,201,511
96$231,197,331$18,619,713$7,804,868$191,674,884
97$254,671,940$19,424,560$7,958,812$210,921,272
98$280,537,572$20,265,457$8,114,526$232,121,214
99$309,038,004$21,144,065$8,271,964$255,473,656
100$340,441,878$22,062,121$8,431,071$281,197,824