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%15.5%
1 years$226,267$224,251$222,285$220,366$218,491$213,557
2 years$112,013$109,927$107,905$105,945$104,044$99,098
3 years$73,934$71,839$69,822$67,880$66,010$61,208
4 years$54,898$52,809$50,812$48,904$47,079$42,458
5 years$43,479$41,403$39,433$37,563$35,788$31,362
6 years$35,869$33,809$31,867$30,039$28,318$24,090
7 years$30,436$28,392$26,482$24,697$23,030$19,001
8 years$26,362$24,337$22,459$20,718$19,106$15,275
9 years$23,196$21,190$19,344$17,647$16,090$12,454
10 years$20,664$18,678$16,864$15,212$13,709$10,264
11 years$18,594$16,628$14,847$13,239$11,790$8,532
12 years$16,870$14,924$13,176$11,612$10,217$7,140
13 years$15,413$13,487$11,772$10,252$8,910$6,008
14 years$14,165$12,260$10,577$9,100$7,810$5,078
15 years$13,084$11,199$9,550$8,116$6,877$4,308
16 years$12,139$10,275$8,658$7,267$6,078$3,666
17 years$11,307$9,463$7,879$6,529$5,389$3,127
18 years$10,567$8,744$7,192$5,884$4,792$2,674
19 years$9,906$8,104$6,584$5,317$4,271$2,290
20 years$9,312$7,531$6,043$4,815$3,815$1,964
21 years$8,776$7,015$5,558$4,370$3,414$1,687
22 years$8,288$6,548$5,123$3,974$3,060$1,451
23 years$7,844$6,124$4,730$3,619$2,747$1,249
24 years$7,438$5,738$4,374$3,301$2,469$1,076
25 years$7,064$5,385$4,052$3,014$2,222$927
26 years$6,720$5,061$3,758$2,756$2,001$800
27 years$6,402$4,763$3,489$2,523$1,804$690
28 years$6,107$4,488$3,244$2,311$1,628$596
29 years$5,833$4,234$3,019$2,120$1,470$515
30 years$5,577$3,998$2,812$1,945$1,328$445
31 years$5,339$3,780$2,621$1,787$1,201$384
32 years$5,116$3,576$2,446$1,642$1,086$332
33 years$4,907$3,387$2,284$1,510$983$287
34 years$4,711$3,210$2,134$1,389$890$248
35 years$4,526$3,045$1,995$1,279$806$215
36 years$4,352$2,890$1,866$1,178$730$186
37 years$4,187$2,745$1,747$1,085$662$161
38 years$4,032$2,608$1,636$1,000$600$139
39 years$3,885$2,480$1,532$922$544$120
40 years$3,746$2,360$1,436$851$494$104
41 years$3,614$2,246$1,347$785$448$90
42 years$3,488$2,139$1,263$724$406$78
43 years$3,369$2,038$1,185$669$369$68
44 years$3,256$1,943$1,113$617$335$58
45 years$3,147$1,853$1,045$570$304$51
46 years$3,044$1,768$981$527$276$44
47 years$2,946$1,687$922$487$251$38
48 years$2,851$1,610$866$450$228$33
49 years$2,761$1,538$814$416$207$28
50 years$2,675$1,469$766$384$188$25

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 $3,501 every year, while hoping to spend $51,785 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: 58/32/10 Blend
49$2,740,000$2,740,000$2,740,000$2,740,000
50$3,023,091$2,877,871$2,835,401$3,191,039
51$3,276,348$2,963,788$2,875,288$3,390,464
52$3,553,701$3,052,179$2,914,776$3,601,625
53$3,857,554$3,143,111$2,953,796$3,830,532
54$4,190,553$3,236,652$2,992,277$4,078,893
55$4,555,613$3,332,872$3,030,142$4,348,586
56$4,955,944$3,431,842$3,067,311$4,641,679
57$5,395,082$3,533,634$3,103,698$4,960,448
58$5,876,922$3,638,324$3,139,213$5,307,397
59$6,405,754$3,745,987$3,173,762$5,685,284
60$6,986,301$3,856,701$3,207,244$6,097,146
61$7,623,770$3,970,545$3,239,553$6,546,324
62$8,323,894$4,087,602$3,270,577$7,036,500
63$9,092,990$4,207,953$3,300,200$7,571,727
64$9,938,015$4,331,682$3,328,297$8,156,468
65$10,866,635$4,458,877$3,354,737$8,795,637
66$11,887,295$4,589,626$3,379,385$9,494,649
67$13,009,299$4,724,017$3,402,094$10,259,464
68$14,242,897$4,862,143$3,422,713$11,096,650
69$15,599,381$5,004,096$3,441,082$12,013,440
70$17,091,192$5,149,972$3,457,033$13,017,800
71$18,732,041$5,299,867$3,470,390$14,118,506
72$20,537,028$5,453,880$3,480,968$15,325,226
73$22,522,795$5,612,110$3,488,570$16,648,610
74$24,707,676$5,774,660$3,492,994$18,100,389
75$27,111,874$5,941,633$3,494,023$19,693,489
76$29,757,646$6,113,134$3,491,434$21,442,148
77$32,669,518$6,289,269$3,484,989$23,362,054
78$35,874,514$6,470,148$3,474,441$25,470,490
79$39,402,409$6,655,881$3,459,530$27,786,499
80$43,286,014$6,846,578$3,439,983$30,331,060
81$47,561,480$7,042,353$3,415,516$33,127,290
82$52,268,642$7,243,320$3,385,827$36,200,656
83$57,451,396$7,449,595$3,350,605$39,579,222
84$63,158,109$7,661,295$3,309,520$43,293,908
85$69,442,076$7,878,539$3,262,229$47,378,783
86$76,362,026$8,101,445$3,208,372$51,871,387
87$83,982,672$8,330,135$3,147,571$56,813,084
88$92,375,322$8,564,730$3,079,433$62,249,452
89$101,618,556$8,805,352$3,003,545$68,230,713
90$111,798,959$9,052,125$2,919,474$74,812,208
91$123,011,945$9,305,172$2,826,769$82,054,917
92$135,362,655$9,564,617$2,724,957$90,026,035
93$148,966,948$9,830,585$2,613,545$98,799,604
94$163,952,493$10,103,200$2,492,015$108,457,216
95$180,459,978$10,382,587$2,359,828$119,088,778
96$198,644,433$10,668,871$2,216,420$130,793,364
97$218,676,694$10,962,175$2,061,199$143,680,146
98$240,745,018$11,262,623$1,893,550$157,869,429
99$265,056,855$11,570,336$1,712,829$173,493,781
100$291,840,808$11,885,437$1,518,363$190,699,289