Can I retire at age 50 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$191,583$189,877$188,212$186,587$185,000$183,450
2 years$94,843$93,077$91,365$89,705$88,095$86,533
3 years$62,601$60,827$59,119$57,475$55,891$54,365
4 years$46,483$44,714$43,024$41,408$39,862$38,384
5 years$36,814$35,056$33,388$31,805$30,303$28,877
6 years$30,371$28,626$26,983$25,435$23,977$22,606
7 years$25,770$24,040$22,423$20,911$19,500$18,183
8 years$22,321$20,607$19,016$17,542$16,177$14,915
9 years$19,640$17,942$16,379$14,942$13,624$12,416
10 years$17,497$15,815$14,279$12,880$11,608$10,454
11 years$15,744$14,079$12,571$11,209$9,983$8,882
12 years$14,284$12,637$11,157$9,832$8,651$7,602
13 years$13,050$11,420$9,968$8,680$7,544$6,545
14 years$11,994$10,380$8,956$7,705$6,613$5,663
15 years$11,078$9,483$8,086$6,872$5,823$4,921
16 years$10,278$8,700$7,331$6,153$5,146$4,291
17 years$9,573$8,013$6,671$5,528$4,563$3,753
18 years$8,947$7,404$6,090$4,982$4,057$3,291
19 years$8,388$6,862$5,575$4,502$3,616$2,892
20 years$7,885$6,376$5,116$4,077$3,230$2,546
21 years$7,431$5,939$4,706$3,700$2,891$2,245
22 years$7,018$5,544$4,337$3,365$2,591$1,983
23 years$6,642$5,185$4,005$3,064$2,326$1,754
24 years$6,298$4,858$3,704$2,795$2,090$1,553
25 years$5,981$4,559$3,430$2,552$1,881$1,376
26 years$5,690$4,285$3,182$2,334$1,694$1,220
27 years$5,420$4,033$2,954$2,136$1,528$1,083
28 years$5,171$3,800$2,746$1,957$1,378$962
29 years$4,939$3,585$2,556$1,795$1,245$855
30 years$4,723$3,386$2,381$1,647$1,125$760
31 years$4,521$3,200$2,219$1,513$1,017$676
32 years$4,332$3,028$2,071$1,390$920$602
33 years$4,155$2,868$1,933$1,278$832$536
34 years$3,989$2,718$1,807$1,176$754$477
35 years$3,832$2,578$1,689$1,083$683$425
36 years$3,685$2,447$1,580$997$618$379
37 years$3,546$2,324$1,479$919$561$337
38 years$3,414$2,209$1,385$847$508$301
39 years$3,290$2,100$1,297$781$461$268
40 years$3,172$1,998$1,216$720$418$239
41 years$3,060$1,902$1,140$665$379$213
42 years$2,954$1,811$1,070$613$344$190
43 years$2,853$1,726$1,004$566$312$170
44 years$2,756$1,645$942$523$283$151
45 years$2,665$1,569$885$483$257$135
46 years$2,577$1,497$831$446$234$121
47 years$2,494$1,428$781$412$212$108
48 years$2,414$1,363$734$381$193$96
49 years$2,338$1,302$690$352$175$86
50 years$2,265$1,244$648$325$159$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,320,000, adding $3,025 every year, while hoping to spend $51,527 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: 88/7/5 Blend
49$2,320,000$2,320,000$2,320,000$2,320,000
50$2,559,760$2,436,800$2,400,840$2,785,055
51$2,766,032$2,501,379$2,426,444$2,996,650
52$2,991,615$2,567,395$2,451,179$3,221,702
53$3,238,428$2,634,865$2,474,961$3,467,403
54$3,508,577$2,703,803$2,497,702$3,735,795
55$3,804,386$2,774,224$2,519,309$4,029,126
56$4,128,413$2,846,141$2,539,685$4,349,874
57$4,483,474$2,919,564$2,558,728$4,700,764
58$4,872,671$2,994,506$2,576,328$5,084,802
59$5,299,421$3,070,973$2,592,371$5,505,294
60$5,767,485$3,148,975$2,606,740$5,965,884
61$6,281,009$3,228,515$2,619,306$6,470,586
62$6,844,558$3,309,598$2,629,938$7,023,820
63$7,463,159$3,392,225$2,638,498$7,630,455
64$8,142,353$3,476,395$2,644,839$8,295,855
65$8,888,239$3,562,105$2,648,807$9,025,930
66$9,707,540$3,649,348$2,650,243$9,827,188
67$10,607,659$3,738,117$2,648,976$10,706,802
68$11,596,755$3,828,399$2,644,831$11,672,671
69$12,683,812$3,920,178$2,637,621$12,733,500
70$13,878,731$4,013,437$2,627,151$13,898,878
71$15,192,418$4,108,152$2,613,218$15,179,370
72$16,636,890$4,204,298$2,595,606$16,586,616
73$18,225,386$4,301,841$2,574,092$18,133,441
74$19,972,492$4,400,748$2,548,441$19,833,976
75$21,894,279$4,500,977$2,518,406$21,703,789
76$24,008,452$4,602,482$2,483,730$23,760,037
77$26,334,521$4,705,211$2,444,142$26,021,619
78$28,893,982$4,809,105$2,399,359$28,509,363
79$31,710,517$4,914,101$2,349,087$31,246,217
80$34,810,223$5,020,125$2,293,015$34,257,466
81$38,221,855$5,127,100$2,230,820$37,570,974
82$41,977,094$5,234,938$2,162,162$41,217,440
83$46,110,850$5,343,543$2,086,688$45,230,695
84$50,661,591$5,452,810$2,004,026$49,648,016
85$55,671,701$5,562,626$1,913,789$54,510,477
86$61,187,886$5,672,865$1,815,572$59,863,342
87$67,261,608$5,783,393$1,708,951$65,756,486
88$73,949,575$5,894,063$1,593,484$72,244,869
89$81,314,274$6,004,714$1,468,708$79,389,053
90$89,424,560$6,115,176$1,334,140$87,255,774
91$98,356,307$6,225,261$1,189,276$95,918,572
92$108,193,121$6,334,770$1,033,587$105,458,483
93$119,027,131$6,443,485$866,524$115,964,807
94$130,959,857$6,551,174$687,511$127,535,947
95$144,103,167$6,657,587$495,947$140,280,340
96$158,580,336$6,762,454$291,207$154,317,480
97$174,527,203$6,865,486$72,635$169,779,046
98$192,093,458$6,966,376$0$186,810,144
99$211,444,052$7,064,789$0$205,579,244
100$232,760,754$7,160,373$0$226,258,678