Can I retire at age 50 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$193,235$191,514$189,834$188,195$186,595$183,127
2 years$95,661$93,879$92,153$90,479$88,855$85,374
3 years$63,140$61,351$59,629$57,970$56,373$52,988
4 years$46,883$45,100$43,395$41,764$40,206$36,942
5 years$37,132$35,359$33,676$32,079$30,564$27,431
6 years$30,633$28,873$27,215$25,654$24,184$21,186
7 years$25,992$24,247$22,616$21,092$19,668$16,805
8 years$22,514$20,785$19,180$17,693$16,317$13,588
9 years$19,810$18,097$16,520$15,071$13,741$11,145
10 years$17,647$15,951$14,402$12,991$11,708$9,242
11 years$15,880$14,201$12,680$11,306$10,069$7,731
12 years$14,408$12,746$11,253$9,917$8,726$6,512
13 years$13,163$11,518$10,054$8,755$7,609$5,516
14 years$12,097$10,470$9,033$7,772$6,670$4,694
15 years$11,174$9,564$8,156$6,931$5,873$4,010
16 years$10,367$8,775$7,394$6,206$5,190$3,436
17 years$9,656$8,082$6,729$5,576$4,602$2,953
18 years$9,024$7,468$6,142$5,025$4,092$2,543
19 years$8,460$6,921$5,623$4,541$3,647$2,194
20 years$7,953$6,431$5,161$4,112$3,258$1,897
21 years$7,495$5,991$4,747$3,732$2,915$1,642
22 years$7,078$5,592$4,375$3,394$2,613$1,423
23 years$6,699$5,230$4,039$3,091$2,346$1,234
24 years$6,352$4,900$3,736$2,819$2,108$1,071
25 years$6,033$4,599$3,460$2,574$1,897$931
26 years$5,739$4,322$3,209$2,354$1,709$810
27 years$5,467$4,067$2,980$2,154$1,541$704
28 years$5,215$3,833$2,770$1,974$1,390$613
29 years$4,981$3,616$2,578$1,810$1,255$534
30 years$4,763$3,415$2,401$1,661$1,134$465
31 years$4,560$3,228$2,239$1,526$1,026$405
32 years$4,369$3,054$2,089$1,402$928$353
33 years$4,191$2,893$1,950$1,289$840$308
34 years$4,023$2,741$1,822$1,186$760$269
35 years$3,865$2,600$1,704$1,092$688$234
36 years$3,716$2,468$1,594$1,006$624$204
37 years$3,576$2,344$1,492$927$565$178
38 years$3,444$2,228$1,397$854$513$156
39 years$3,318$2,118$1,309$788$465$136
40 years$3,199$2,015$1,227$726$422$119
41 years$3,086$1,918$1,150$670$382$103
42 years$2,979$1,827$1,079$619$347$90
43 years$2,877$1,741$1,012$571$315$79
44 years$2,780$1,659$950$527$286$69
45 years$2,688$1,582$892$487$260$60
46 years$2,600$1,510$838$450$236$52
47 years$2,516$1,441$787$416$214$46
48 years$2,435$1,375$740$384$194$40
49 years$2,358$1,313$695$355$177$35
50 years$2,285$1,254$654$328$160$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,340,000, adding $4,044 every year, while hoping to spend $53,144 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: 79/11/10 Blend
49$2,340,000$2,340,000$2,340,000$2,340,000
50$2,582,851$2,458,831$2,422,561$2,782,302
51$2,789,757$2,522,769$2,447,172$2,977,775
52$3,015,987$2,588,059$2,470,827$3,184,863
53$3,263,454$2,654,711$2,493,436$3,410,495
54$3,534,268$2,722,733$2,514,908$3,656,498
55$3,830,750$2,792,134$2,535,144$3,924,884
56$4,155,457$2,862,919$2,554,042$4,217,868
57$4,511,204$2,935,092$2,571,493$4,537,892
58$4,901,092$3,008,657$2,587,383$4,887,643
59$5,328,535$3,083,613$2,601,592$5,270,082
60$5,797,295$3,159,959$2,613,994$5,688,470
61$6,311,514$3,237,692$2,624,458$6,146,400
62$6,875,754$3,316,804$2,632,843$6,647,828
63$7,495,041$3,397,288$2,639,004$7,197,115
64$8,174,912$3,479,131$2,642,786$7,799,062
65$8,921,463$3,562,319$2,644,030$8,458,961
66$9,741,413$3,646,834$2,642,566$9,182,639
67$10,642,162$3,732,653$2,638,217$9,976,520
68$11,631,862$3,819,753$2,630,796$10,847,677
69$12,719,493$3,908,102$2,620,109$11,803,907
70$13,914,950$3,997,667$2,605,951$12,853,797
71$15,229,132$4,088,411$2,588,108$14,006,812
72$16,674,050$4,180,289$2,566,356$15,273,378
73$18,262,932$4,273,252$2,540,458$16,664,983
74$20,010,357$4,367,247$2,510,169$18,194,286
75$21,932,384$4,462,213$2,475,230$19,875,236
76$24,046,708$4,558,082$2,435,372$21,723,202
77$26,372,826$4,654,782$2,390,310$23,755,120
78$28,932,218$4,752,231$2,339,750$25,989,652
79$31,748,554$4,850,339$2,283,381$28,447,360
80$34,847,911$4,949,010$2,220,879$31,150,903
81$38,259,024$5,048,138$2,151,904$34,125,251
82$42,013,554$5,147,607$2,076,103$37,397,917
83$46,146,388$5,247,291$1,993,104$40,999,220
84$50,695,966$5,347,054$1,902,519$44,962,571
85$55,704,644$5,446,750$1,803,943$49,324,784
86$61,219,094$5,546,217$1,696,952$54,126,431
87$67,290,745$5,645,285$1,581,102$59,412,218
88$73,976,264$5,743,767$1,455,932$65,231,411
89$81,338,094$5,841,463$1,320,958$71,638,298
90$89,445,044$5,938,158$1,175,673$78,692,705
91$98,372,931$6,033,621$1,019,551$86,460,559
92$108,205,305$6,127,603$852,041$95,014,509
93$119,034,228$6,219,838$672,567$104,434,615
94$130,961,149$6,310,039$480,527$114,809,100
95$144,097,857$6,397,902$275,296$126,235,187
96$158,567,537$6,483,098$56,217$138,820,013
97$174,505,933$6,565,277$0$152,681,643
98$192,062,628$6,644,065$0$167,969,133
99$211,402,453$6,719,062$0$184,814,545
100$232,707,048$6,789,841$0$203,369,956