Can I retire at age 50 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$190,758$189,058$187,401$185,783$184,203$177,879
2 years$94,434$92,676$90,971$89,319$87,716$81,409
3 years$62,331$60,565$58,864$57,227$55,650$49,559
4 years$46,282$44,521$42,838$41,229$39,690$33,861
5 years$36,656$34,905$33,244$31,668$30,172$24,620
6 years$30,240$28,503$26,866$25,325$23,874$18,603
7 years$25,659$23,937$22,326$20,821$19,416$14,426
8 years$22,225$20,518$18,934$17,466$16,107$11,394
9 years$19,556$17,865$16,308$14,877$13,565$9,122
10 years$17,421$15,747$14,218$12,824$11,558$7,379
11 years$15,676$14,019$12,517$11,161$9,940$6,016
12 years$14,223$12,582$11,109$9,790$8,614$4,936
13 years$12,994$11,371$9,925$8,643$7,512$4,070
14 years$11,942$10,336$8,917$7,672$6,585$3,370
15 years$11,031$9,442$8,051$6,842$5,798$2,799
16 years$10,234$8,663$7,300$6,127$5,124$2,331
17 years$9,532$7,978$6,642$5,505$4,543$1,945
18 years$8,909$7,372$6,064$4,961$4,040$1,627
19 years$8,352$6,832$5,551$4,482$3,601$1,362
20 years$7,851$6,349$5,094$4,060$3,216$1,142
21 years$7,398$5,914$4,686$3,684$2,878$959
22 years$6,988$5,520$4,319$3,350$2,580$805
23 years$6,613$5,163$3,988$3,051$2,316$677
24 years$6,270$4,837$3,688$2,783$2,081$570
25 years$5,956$4,540$3,416$2,541$1,873$479
26 years$5,665$4,267$3,168$2,324$1,687$404
27 years$5,397$4,015$2,942$2,127$1,521$340
28 years$5,148$3,784$2,735$1,949$1,372$286
29 years$4,917$3,569$2,545$1,787$1,239$241
30 years$4,702$3,371$2,370$1,640$1,120$203
31 years$4,501$3,187$2,210$1,506$1,012$172
32 years$4,313$3,015$2,062$1,384$916$145
33 years$4,137$2,855$1,925$1,273$829$122
34 years$3,971$2,706$1,799$1,171$750$103
35 years$3,816$2,567$1,682$1,078$680$87
36 years$3,669$2,436$1,573$993$616$73
37 years$3,530$2,314$1,472$915$558$62
38 years$3,399$2,199$1,379$843$506$52
39 years$3,276$2,091$1,292$778$459$44
40 years$3,158$1,990$1,211$717$416$37
41 years$3,047$1,894$1,135$662$378$31
42 years$2,941$1,804$1,065$611$343$26
43 years$2,840$1,719$999$564$311$22
44 years$2,745$1,638$938$520$282$19
45 years$2,653$1,562$881$481$256$16
46 years$2,566$1,490$827$444$233$13
47 years$2,483$1,422$777$410$211$11
48 years$2,404$1,358$730$379$192$10
49 years$2,328$1,296$687$350$174$8
50 years$2,255$1,238$645$324$158$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,310,000, adding $5,924 every year, while hoping to spend $45,983 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: 71/11/18 Blend
49$2,310,000$2,310,000$2,310,000$2,310,000
50$2,551,731$2,429,301$2,393,496$2,721,592
51$2,763,082$2,499,411$2,424,752$2,905,476
52$2,994,449$2,571,415$2,455,515$3,100,663
53$3,247,827$2,645,358$2,485,718$3,313,195
54$3,525,409$2,721,284$2,515,293$3,544,781
55$3,829,613$2,799,240$2,544,168$3,797,305
56$4,163,101$2,879,270$2,572,265$4,072,841
57$4,528,805$2,961,422$2,599,504$4,373,673
58$4,929,955$3,045,744$2,625,799$4,702,318
59$5,370,107$3,132,282$2,651,060$5,061,547
60$5,853,180$3,221,086$2,675,193$5,454,415
61$6,383,488$3,312,203$2,698,096$5,884,284
62$6,965,787$3,405,684$2,719,665$6,354,862
63$7,605,312$3,501,577$2,739,789$6,870,230
64$8,307,833$3,599,934$2,758,350$7,434,886
65$9,079,705$3,700,803$2,775,228$8,053,786
66$9,927,928$3,804,236$2,790,291$8,732,390
67$10,860,216$3,910,282$2,803,405$9,476,713
68$11,885,066$4,018,994$2,814,427$10,293,383
69$13,011,840$4,130,422$2,823,208$11,189,703
70$14,250,851$4,244,616$2,829,589$12,173,720
71$15,613,463$4,361,628$2,833,405$13,254,300
72$17,112,196$4,481,507$2,834,484$14,441,212
73$18,760,843$4,604,304$2,832,643$15,745,222
74$20,574,604$4,730,070$2,827,691$17,178,191
75$22,570,223$4,858,853$2,819,428$18,753,190
76$24,766,151$4,990,702$2,807,644$20,484,622
77$27,182,717$5,125,665$2,792,119$22,388,357
78$29,842,322$5,263,790$2,772,622$24,481,886
79$32,769,645$5,405,122$2,748,911$26,784,478
80$35,991,883$5,549,707$2,720,734$29,317,371
81$39,539,000$5,697,588$2,687,824$32,103,966
82$43,444,016$5,848,807$2,649,904$35,170,051
83$47,743,312$6,003,406$2,606,682$38,544,043
84$52,476,979$6,161,422$2,557,855$42,257,257
85$57,689,191$6,322,892$2,503,104$46,344,203
86$63,428,625$6,487,850$2,442,094$50,842,906
87$69,748,919$6,656,328$2,374,478$55,795,275
88$76,709,175$6,828,355$2,299,889$61,247,487
89$84,374,522$7,003,955$2,217,947$67,250,434
90$92,816,726$7,183,152$2,128,251$73,860,195
91$102,114,869$7,365,964$2,030,384$81,138,569
92$112,356,094$7,552,404$1,923,911$89,153,662
93$123,636,428$7,742,484$1,808,374$97,980,521
94$136,061,686$7,936,208$1,683,297$107,701,853
95$149,748,472$8,133,577$1,548,181$118,408,797
96$164,825,278$8,334,584$1,402,507$130,201,792
97$181,433,696$8,539,218$1,245,730$143,191,519
98$199,729,753$8,747,460$1,077,283$157,499,951
99$219,885,388$8,959,286$896,572$173,261,503
100$242,090,069$9,174,662$702,978$190,624,300