Can I retire at age 50 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$226,267$224,251$222,285$220,366$218,491$209,740
2 years$112,013$109,927$107,905$105,945$104,044$95,336
3 years$73,934$71,839$69,822$67,880$66,010$57,621
4 years$54,898$52,809$50,812$48,904$47,079$39,072
5 years$43,479$41,403$39,433$37,563$35,788$28,185
6 years$35,869$33,809$31,867$30,039$28,318$21,122
7 years$30,436$28,392$26,482$24,697$23,030$16,239
8 years$26,362$24,337$22,459$20,718$19,106$12,712
9 years$23,196$21,190$19,344$17,647$16,090$10,084
10 years$20,664$18,678$16,864$15,212$13,709$8,080
11 years$18,594$16,628$14,847$13,239$11,790$6,524
12 years$16,870$14,924$13,176$11,612$10,217$5,299
13 years$15,413$13,487$11,772$10,252$8,910$4,325
14 years$14,165$12,260$10,577$9,100$7,810$3,543
15 years$13,084$11,199$9,550$8,116$6,877$2,912
16 years$12,139$10,275$8,658$7,267$6,078$2,399
17 years$11,307$9,463$7,879$6,529$5,389$1,980
18 years$10,567$8,744$7,192$5,884$4,792$1,637
19 years$9,906$8,104$6,584$5,317$4,271$1,355
20 years$9,312$7,531$6,043$4,815$3,815$1,123
21 years$8,776$7,015$5,558$4,370$3,414$932
22 years$8,288$6,548$5,123$3,974$3,060$774
23 years$7,844$6,124$4,730$3,619$2,747$643
24 years$7,438$5,738$4,374$3,301$2,469$534
25 years$7,064$5,385$4,052$3,014$2,222$444
26 years$6,720$5,061$3,758$2,756$2,001$370
27 years$6,402$4,763$3,489$2,523$1,804$308
28 years$6,107$4,488$3,244$2,311$1,628$256
29 years$5,833$4,234$3,019$2,120$1,470$213
30 years$5,577$3,998$2,812$1,945$1,328$177
31 years$5,339$3,780$2,621$1,787$1,201$148
32 years$5,116$3,576$2,446$1,642$1,086$123
33 years$4,907$3,387$2,284$1,510$983$103
34 years$4,711$3,210$2,134$1,389$890$85
35 years$4,526$3,045$1,995$1,279$806$71
36 years$4,352$2,890$1,866$1,178$730$59
37 years$4,187$2,745$1,747$1,085$662$49
38 years$4,032$2,608$1,636$1,000$600$41
39 years$3,885$2,480$1,532$922$544$34
40 years$3,746$2,360$1,436$851$494$29
41 years$3,614$2,246$1,347$785$448$24
42 years$3,488$2,139$1,263$724$406$20
43 years$3,369$2,038$1,185$669$369$17
44 years$3,256$1,943$1,113$617$335$14
45 years$3,147$1,853$1,045$570$304$11
46 years$3,044$1,768$981$527$276$10
47 years$2,946$1,687$922$487$251$8
48 years$2,851$1,610$866$450$228$7
49 years$2,761$1,538$814$416$207$6
50 years$2,675$1,469$766$384$188$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,740,000, adding $2,370 every year, while hoping to spend $53,007 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: 75/5/20 Blend
49$2,740,000$2,740,000$2,740,000$2,740,000
50$3,021,925$2,876,705$2,834,235$3,234,131
51$3,273,762$2,961,264$2,872,782$3,459,717
52$3,549,510$3,048,190$2,910,845$3,700,202
53$3,851,552$3,137,544$2,948,350$3,962,436
54$4,182,512$3,229,385$2,985,222$4,248,574
55$4,545,280$3,323,777$3,021,378$4,560,993
56$4,943,039$3,420,782$3,056,735$4,902,310
57$5,379,295$3,520,467$3,091,202$5,275,406
58$5,857,909$3,622,896$3,124,683$5,683,457
59$6,383,135$3,728,136$3,157,079$6,129,961
60$6,959,656$3,836,257$3,188,283$6,618,772
61$7,592,635$3,947,327$3,218,184$7,154,135
62$8,287,754$4,061,416$3,246,663$7,740,730
63$9,051,277$4,178,598$3,273,599$8,383,709
64$9,890,101$4,298,943$3,298,858$9,088,752
65$10,811,827$4,422,527$3,322,306$9,862,114
66$11,824,827$4,549,424$3,343,796$10,710,691
67$12,938,323$4,679,710$3,363,177$11,642,078
68$14,162,478$4,813,462$3,380,290$12,664,644
69$15,508,487$4,950,757$3,394,966$13,787,613
70$16,988,684$5,091,676$3,407,028$15,021,146
71$18,616,659$5,236,297$3,416,292$16,376,442
72$20,407,383$5,384,701$3,422,564$17,865,839
73$22,377,354$5,536,969$3,425,637$19,502,933
74$24,544,747$5,693,183$3,425,299$21,302,708
75$26,929,589$5,853,427$3,421,324$23,281,674
76$29,553,944$6,017,782$3,413,476$25,458,022
77$32,442,127$6,186,334$3,401,508$27,851,802
78$35,620,925$6,359,165$3,385,159$30,485,105
79$39,119,856$6,536,361$3,364,159$33,382,276
80$42,971,444$6,718,005$3,338,221$36,570,142
81$47,211,527$6,904,183$3,307,047$40,078,266
82$51,879,594$7,094,980$3,270,325$43,939,226
83$57,019,157$7,290,478$3,227,725$48,188,922
84$62,678,163$7,490,764$3,178,906$52,866,915
85$68,909,444$7,695,919$3,123,507$58,016,801
86$75,771,215$7,906,027$3,061,153$63,686,624
87$83,327,627$8,121,171$2,991,449$69,929,325
88$91,649,367$8,341,430$2,913,985$76,803,249
89$100,814,328$8,566,885$2,828,329$84,372,688
90$110,908,342$8,797,615$2,734,030$92,708,495
91$122,025,990$9,033,695$2,630,617$101,888,749
92$134,271,495$9,275,201$2,517,597$111,999,491
93$147,759,706$9,522,204$2,394,455$123,135,542
94$162,617,179$9,774,775$2,260,653$135,401,393
95$178,983,373$10,032,980$2,115,626$148,912,195
96$197,011,964$10,296,884$1,958,786$163,794,845
97$216,872,299$10,566,545$1,789,520$180,189,182
98$238,750,989$10,842,022$1,607,185$198,249,313
99$262,853,673$11,123,364$1,411,109$218,145,063
100$289,406,959$11,410,620$1,200,592$240,063,581