Can I retire at age 50 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$194,887$193,151$191,457$189,804$188,190$182,458
2 years$96,479$94,682$92,940$91,252$89,614$83,889
3 years$63,680$61,876$60,139$58,466$56,855$51,315
4 years$47,284$45,485$43,765$42,121$40,549$35,238
5 years$37,449$35,661$33,964$32,353$30,825$25,756
6 years$30,895$29,120$27,448$25,873$24,391$19,569
7 years$26,215$24,455$22,809$21,272$19,836$15,262
8 years$22,706$20,962$19,344$17,844$16,456$12,125
9 years$19,979$18,251$16,661$15,199$13,858$9,767
10 years$17,798$16,088$14,525$13,102$11,808$7,950
11 years$16,015$14,322$12,788$11,403$10,155$6,524
12 years$14,531$12,855$11,349$10,002$8,800$5,389
13 years$13,275$11,617$10,140$8,830$7,674$4,474
14 years$12,200$10,559$9,110$7,838$6,727$3,729
15 years$11,269$9,646$8,226$6,990$5,923$3,120
16 years$10,456$8,850$7,458$6,259$5,235$2,617
17 years$9,738$8,151$6,786$5,624$4,642$2,200
18 years$9,102$7,532$6,195$5,068$4,127$1,854
19 years$8,532$6,980$5,671$4,580$3,679$1,564
20 years$8,021$6,486$5,205$4,148$3,286$1,321
21 years$7,559$6,042$4,787$3,764$2,940$1,118
22 years$7,139$5,640$4,412$3,423$2,636$946
23 years$6,756$5,275$4,074$3,117$2,366$802
24 years$6,406$4,942$3,768$2,843$2,127$680
25 years$6,084$4,638$3,490$2,596$1,914$577
26 years$5,788$4,359$3,236$2,374$1,724$490
27 years$5,514$4,102$3,005$2,173$1,554$416
28 years$5,260$3,866$2,794$1,991$1,402$353
29 years$5,024$3,647$2,600$1,826$1,266$300
30 years$4,804$3,444$2,422$1,675$1,144$255
31 years$4,599$3,256$2,258$1,539$1,034$217
32 years$4,407$3,080$2,106$1,414$936$184
33 years$4,226$2,917$1,967$1,300$847$157
34 years$4,057$2,765$1,838$1,197$767$133
35 years$3,898$2,622$1,718$1,101$694$113
36 years$3,748$2,489$1,607$1,014$629$96
37 years$3,607$2,364$1,504$935$570$82
38 years$3,473$2,247$1,409$862$517$70
39 years$3,346$2,136$1,320$794$469$59
40 years$3,226$2,033$1,237$733$425$51
41 years$3,113$1,935$1,160$676$386$43
42 years$3,005$1,843$1,088$624$350$37
43 years$2,902$1,756$1,021$576$318$31
44 years$2,804$1,674$958$532$288$26
45 years$2,711$1,596$900$491$262$23
46 years$2,622$1,522$845$454$238$19
47 years$2,537$1,453$794$419$216$16
48 years$2,456$1,387$746$387$196$14
49 years$2,378$1,324$701$358$178$12
50 years$2,304$1,265$659$331$162$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,360,000, adding $2,312 every year, while hoping to spend $45,980 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: 57/18/25 Blend
49$2,360,000$2,360,000$2,360,000$2,360,000
50$2,603,105$2,478,025$2,441,445$2,733,644
51$2,819,699$2,550,526$2,474,311$2,895,742
52$3,056,845$2,625,038$2,506,737$3,067,266
53$3,316,590$2,701,612$2,538,660$3,253,249
54$3,601,190$2,780,298$2,570,012$3,455,099
55$3,913,127$2,861,149$2,600,723$3,674,368
56$4,255,137$2,944,216$2,630,719$3,912,765
57$4,630,233$3,029,555$2,659,920$4,172,171
58$5,041,733$3,117,219$2,688,243$4,454,661
59$5,493,290$3,207,263$2,715,600$4,762,517
60$5,988,932$3,299,745$2,741,898$5,098,256
61$6,533,092$3,394,721$2,767,041$5,464,647
62$7,130,654$3,492,250$2,790,924$5,864,745
63$7,787,001$3,592,390$2,813,439$6,301,911
64$8,508,058$3,695,201$2,834,473$6,779,852
65$9,300,358$3,800,743$2,853,906$7,302,650
66$10,171,093$3,909,078$2,871,610$7,874,803
67$11,128,189$4,020,267$2,887,453$8,501,267
68$12,180,377$4,134,374$2,901,296$9,187,501
69$13,337,278$4,251,460$2,912,992$9,939,524
70$14,609,490$4,371,591$2,922,387$10,763,964
71$16,008,689$4,494,830$2,929,318$11,668,128
72$17,547,741$4,621,243$2,933,616$12,660,063
73$19,240,821$4,750,894$2,935,102$13,748,642
74$21,103,546$4,883,849$2,933,589$14,943,637
75$23,153,124$5,020,173$2,928,881$16,255,820
76$25,408,514$5,159,934$2,920,770$17,697,060
77$27,890,609$5,303,197$2,909,042$19,280,435
78$30,622,425$5,450,028$2,893,469$21,020,360
79$33,629,327$5,600,494$2,873,815$22,932,716
80$36,939,260$5,754,659$2,849,829$25,035,006
81$40,583,018$5,912,591$2,821,252$27,346,518
82$44,594,532$6,074,354$2,787,810$29,888,509
83$49,011,190$6,240,013$2,749,217$32,684,400
84$53,874,189$6,409,632$2,705,174$35,760,005
85$59,228,926$6,583,273$2,655,367$39,143,771
86$65,125,422$6,761,000$2,599,468$42,867,045
87$71,618,798$6,942,872$2,537,133$46,964,373
88$78,769,792$7,128,949$2,468,003$51,473,827
89$86,645,333$7,319,289$2,391,703$56,437,360
90$95,319,170$7,513,948$2,307,839$61,901,209
91$104,872,574$7,712,979$2,215,999$67,916,325
92$115,395,096$7,916,435$2,115,755$74,538,860
93$126,985,420$8,124,364$2,006,657$81,830,693
94$139,752,287$8,336,813$1,888,234$89,860,017
95$153,815,527$8,553,823$1,759,997$98,701,984
96$169,307,186$8,775,435$1,621,431$108,439,411
97$186,372,771$9,001,684$1,472,002$119,163,568
98$205,172,628$9,232,601$1,311,149$130,975,035
99$225,883,451$9,468,213$1,138,286$143,984,655
100$248,699,948$9,708,541$952,805$158,314,579