Can I retire at age 50 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$194,061$192,332$190,646$189,000$187,392$181,032
2 years$96,070$94,280$92,546$90,865$89,234$82,890
3 years$63,410$61,613$59,884$58,218$56,614$50,485
4 years$47,084$45,292$43,580$41,943$40,378$34,511
5 years$37,290$35,510$33,820$32,216$30,694$25,105
6 years$30,764$28,996$27,331$25,764$24,287$18,981
7 years$26,103$24,351$22,713$21,182$19,752$14,727
8 years$22,610$20,873$19,262$17,769$16,386$11,639
9 years$19,894$18,174$16,590$15,135$13,800$9,324
10 years$17,723$16,020$14,464$13,047$11,758$7,546
11 years$15,948$14,261$12,734$11,354$10,112$6,157
12 years$14,469$12,800$11,301$9,959$8,763$5,055
13 years$13,219$11,568$10,097$8,793$7,642$4,171
14 years$12,149$10,515$9,072$7,805$6,699$3,456
15 years$11,222$9,605$8,191$6,961$5,898$2,872
16 years$10,411$8,813$7,426$6,233$5,213$2,394
17 years$9,697$8,116$6,757$5,600$4,622$1,999
18 years$9,063$7,500$6,169$5,047$4,110$1,673
19 years$8,496$6,951$5,647$4,560$3,663$1,402
20 years$7,987$6,459$5,183$4,130$3,272$1,177
21 years$7,527$6,016$4,767$3,748$2,928$988
22 years$7,109$5,616$4,394$3,408$2,624$831
23 years$6,728$5,252$4,057$3,104$2,356$699
24 years$6,379$4,921$3,752$2,831$2,117$588
25 years$6,059$4,618$3,475$2,585$1,905$496
26 years$5,763$4,340$3,223$2,364$1,716$418
27 years$5,491$4,085$2,993$2,164$1,547$352
28 years$5,238$3,849$2,782$1,982$1,396$297
29 years$5,003$3,631$2,589$1,818$1,261$250
30 years$4,784$3,429$2,411$1,668$1,139$211
31 years$4,579$3,242$2,248$1,532$1,030$178
32 years$4,388$3,067$2,098$1,408$932$150
33 years$4,209$2,905$1,958$1,295$843$127
34 years$4,040$2,753$1,830$1,191$763$107
35 years$3,882$2,611$1,711$1,097$691$90
36 years$3,732$2,479$1,600$1,010$626$76
37 years$3,591$2,354$1,498$931$568$64
38 years$3,458$2,237$1,403$858$515$54
39 years$3,332$2,127$1,314$791$467$46
40 years$3,213$2,024$1,232$730$423$39
41 years$3,100$1,927$1,155$673$384$33
42 years$2,992$1,835$1,084$621$349$28
43 years$2,890$1,748$1,017$573$316$23
44 years$2,792$1,666$954$529$287$20
45 years$2,699$1,589$896$489$261$17
46 years$2,611$1,516$842$452$237$14
47 years$2,526$1,447$791$417$215$12
48 years$2,446$1,381$743$386$195$10
49 years$2,368$1,319$698$356$177$8
50 years$2,294$1,260$657$329$161$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,350,000, adding $4,685 every year, while hoping to spend $41,058 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: 63/7/30 Blend
49$2,350,000$2,350,000$2,350,000$2,350,000
50$2,594,533$2,469,983$2,433,558$2,736,800
51$2,815,490$2,547,326$2,471,396$2,911,384
52$3,057,608$2,627,084$2,509,127$3,097,139
53$3,323,003$2,709,330$2,546,701$3,299,192
54$3,614,004$2,794,142$2,584,071$3,519,151
55$3,933,177$2,881,600$2,621,182$3,758,786
56$4,283,348$2,971,785$2,657,978$4,020,048
57$4,667,630$3,064,782$2,694,401$4,305,085
58$5,089,450$3,160,679$2,730,385$4,616,266
59$5,552,587$3,259,565$2,765,866$4,956,198
60$6,061,200$3,361,533$2,800,771$5,327,755
61$6,619,872$3,466,678$2,835,027$5,734,102
62$7,233,652$3,575,098$2,868,554$6,178,727
63$7,908,103$3,686,896$2,901,268$6,665,474
64$8,649,351$3,802,175$2,933,082$7,198,576
65$9,464,146$3,921,043$2,963,902$7,782,701
66$10,359,927$4,043,612$2,993,631$8,422,988
67$11,344,885$4,169,996$3,022,163$9,125,103
68$12,428,050$4,300,311$3,049,392$9,895,288
69$13,619,366$4,434,681$3,075,201$10,740,421
70$14,929,791$4,573,231$3,099,470$11,668,082
71$16,371,399$4,716,088$3,122,072$12,686,623
72$17,957,492$4,863,387$3,142,872$13,805,248
73$19,702,727$5,015,264$3,161,729$15,034,099
74$21,623,253$5,171,860$3,178,495$16,384,353
75$23,736,866$5,333,322$3,193,015$17,868,325
76$26,063,169$5,499,798$3,205,125$19,499,589
77$28,623,768$5,671,443$3,214,652$21,293,101
78$31,442,466$5,848,418$3,221,416$23,265,342
79$34,545,492$6,030,884$3,225,228$25,434,476
80$37,961,747$6,219,013$3,225,888$27,820,519
81$41,723,077$6,412,976$3,223,187$30,445,529
82$45,864,574$6,612,955$3,216,907$33,333,813
83$50,424,905$6,819,134$3,206,818$36,512,159
84$55,446,677$7,031,703$3,192,678$40,010,088
85$60,976,840$7,250,859$3,174,234$43,860,131
86$67,067,130$7,476,803$3,151,223$48,098,139
87$73,774,554$7,709,744$3,123,367$52,763,621
88$81,161,934$7,949,896$3,090,375$57,900,115
89$89,298,491$8,197,481$3,051,942$63,555,602
90$98,260,505$8,452,725$3,007,750$69,782,958
91$108,132,031$8,715,864$2,957,465$76,640,454
92$119,005,696$8,987,139$2,900,737$84,192,306
93$130,983,567$9,266,798$2,837,201$92,509,280
94$144,178,118$9,555,099$2,766,475$101,669,363
95$158,713,291$9,852,304$2,688,157$111,758,500
96$174,725,666$10,158,686$2,601,829$122,871,402
97$192,365,746$10,474,524$2,507,054$135,112,443
98$211,799,385$10,800,108$2,403,372$148,596,648
99$233,209,342$11,135,734$2,290,305$163,450,773
100$256,797,018$11,481,708$2,167,353$179,814,510