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%18%
1 years$226,267$224,251$222,285$220,366$218,491$211,413
2 years$112,013$109,927$107,905$105,945$104,044$96,978
3 years$73,934$71,839$69,822$67,880$66,010$59,179
4 years$54,898$52,809$50,812$48,904$47,079$40,536
5 years$43,479$41,403$39,433$37,563$35,788$29,551
6 years$35,869$33,809$31,867$30,039$28,318$22,391
7 years$30,436$28,392$26,482$24,697$23,030$17,412
8 years$26,362$24,337$22,459$20,718$19,106$13,793
9 years$23,196$21,190$19,344$17,647$16,090$11,077
10 years$20,664$18,678$16,864$15,212$13,709$8,988
11 years$18,594$16,628$14,847$13,239$11,790$7,352
12 years$16,870$14,924$13,176$11,612$10,217$6,052
13 years$15,413$13,487$11,772$10,252$8,910$5,008
14 years$14,165$12,260$10,577$9,100$7,810$4,160
15 years$13,084$11,199$9,550$8,116$6,877$3,468
16 years$12,139$10,275$8,658$7,267$6,078$2,898
17 years$11,307$9,463$7,879$6,529$5,389$2,428
18 years$10,567$8,744$7,192$5,884$4,792$2,038
19 years$9,906$8,104$6,584$5,317$4,271$1,713
20 years$9,312$7,531$6,043$4,815$3,815$1,442
21 years$8,776$7,015$5,558$4,370$3,414$1,215
22 years$8,288$6,548$5,123$3,974$3,060$1,025
23 years$7,844$6,124$4,730$3,619$2,747$865
24 years$7,438$5,738$4,374$3,301$2,469$730
25 years$7,064$5,385$4,052$3,014$2,222$617
26 years$6,720$5,061$3,758$2,756$2,001$522
27 years$6,402$4,763$3,489$2,523$1,804$441
28 years$6,107$4,488$3,244$2,311$1,628$373
29 years$5,833$4,234$3,019$2,120$1,470$316
30 years$5,577$3,998$2,812$1,945$1,328$267
31 years$5,339$3,780$2,621$1,787$1,201$226
32 years$5,116$3,576$2,446$1,642$1,086$192
33 years$4,907$3,387$2,284$1,510$983$162
34 years$4,711$3,210$2,134$1,389$890$137
35 years$4,526$3,045$1,995$1,279$806$116
36 years$4,352$2,890$1,866$1,178$730$99
37 years$4,187$2,745$1,747$1,085$662$84
38 years$4,032$2,608$1,636$1,000$600$71
39 years$3,885$2,480$1,532$922$544$60
40 years$3,746$2,360$1,436$851$494$51
41 years$3,614$2,246$1,347$785$448$43
42 years$3,488$2,139$1,263$724$406$36
43 years$3,369$2,038$1,185$669$369$31
44 years$3,256$1,943$1,113$617$335$26
45 years$3,147$1,853$1,045$570$304$22
46 years$3,044$1,768$981$527$276$19
47 years$2,946$1,687$922$487$251$16
48 years$2,851$1,610$866$450$228$13
49 years$2,761$1,538$814$416$207$11
50 years$2,675$1,469$766$384$188$10

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 $4,879 every year, while hoping to spend $35,016 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: 44/47/9 Blend
49$2,740,000$2,740,000$2,740,000$2,740,000
50$3,024,513$2,879,293$2,836,823$3,149,614
51$3,295,756$2,983,121$2,894,599$3,340,698
52$3,593,493$3,090,864$2,953,138$3,543,713
53$3,920,388$3,202,675$3,012,427$3,762,945
54$4,279,378$3,318,717$3,072,454$3,999,896
55$4,673,697$3,439,156$3,133,204$4,256,216
56$5,106,908$3,564,169$3,194,660$4,533,717
57$5,582,936$3,693,936$3,256,804$4,834,390
58$6,106,106$3,828,649$3,319,617$5,160,425
59$6,681,180$3,968,504$3,383,076$5,514,226
60$7,313,408$4,113,709$3,447,156$5,898,438
61$8,008,572$4,264,476$3,511,832$6,315,967
62$8,773,042$4,421,032$3,577,074$6,770,012
63$9,613,837$4,583,607$3,642,851$7,264,087
64$10,538,691$4,752,446$3,709,129$7,802,058
65$11,556,123$4,927,802$3,775,871$8,388,179
66$12,675,522$5,109,938$3,843,037$9,027,128
67$13,907,230$5,299,131$3,910,584$9,724,052
68$15,262,646$5,495,666$3,978,466$10,484,614
69$16,754,325$5,699,843$4,046,634$11,315,046
70$18,396,105$5,911,974$4,115,035$12,222,207
71$20,203,230$6,132,384$4,183,612$13,213,643
72$22,192,500$6,361,411$4,252,303$14,297,662
73$24,382,425$6,599,410$4,321,045$15,483,407
74$26,793,400$6,846,749$4,389,768$16,780,943
75$29,447,900$7,103,812$4,458,398$18,201,351
76$32,370,688$7,371,002$4,526,857$19,756,827
77$35,589,052$7,648,735$4,595,061$21,460,803
78$39,133,061$7,937,448$4,662,921$23,328,065
79$43,035,848$8,237,598$4,730,343$25,374,894
80$47,333,922$8,549,657$4,797,227$27,619,219
81$52,067,514$8,874,123$4,863,467$30,080,781
82$57,280,957$9,211,512$4,928,950$32,781,320
83$63,023,102$9,562,364$4,993,557$35,744,779
84$69,347,780$9,927,241$5,057,162$38,997,524
85$76,314,309$10,306,731$5,119,633$42,568,597
86$83,988,055$10,701,447$5,180,827$46,489,981
87$92,441,049$11,112,030$5,240,596$50,796,904
88$101,752,663$11,539,147$5,298,784$55,528,168
89$112,010,365$11,983,495$5,355,223$60,726,511
90$123,310,539$12,445,803$5,409,740$66,439,013
91$135,759,396$12,926,830$5,462,149$72,717,529
92$149,473,980$13,427,370$5,512,256$79,619,186
93$164,583,265$13,948,250$5,559,855$87,206,910
94$181,229,380$14,490,336$5,604,733$95,550,024
95$199,568,945$15,054,531$5,646,660$104,724,893
96$219,774,553$15,641,778$5,685,398$114,815,647
97$242,036,393$16,253,062$5,720,695$125,914,969
98$266,564,054$16,889,411$5,752,287$138,124,965
99$293,588,495$17,551,899$5,779,896$151,558,128
100$323,364,228$18,241,649$5,803,229$166,338,392