Can I retire at age 50 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$199,016$197,243$195,513$193,825$192,177$186,849
2 years$98,523$96,688$94,909$93,185$91,513$86,185
3 years$65,029$63,186$61,413$59,705$58,059$52,898
4 years$48,286$46,449$44,693$43,014$41,408$36,454
5 years$38,243$36,416$34,683$33,039$31,478$26,743
6 years$31,549$29,737$28,029$26,421$24,908$20,397
7 years$26,770$24,973$23,292$21,722$20,256$15,971
8 years$23,187$21,406$19,754$18,222$16,805$12,741
9 years$20,402$18,638$17,014$15,521$14,152$10,307
10 years$18,175$16,429$14,833$13,380$12,058$8,426
11 years$16,355$14,625$13,059$11,644$10,370$6,946
12 years$14,839$13,127$11,589$10,214$8,987$5,764
13 years$13,557$11,863$10,354$9,017$7,837$4,808
14 years$12,459$10,783$9,303$8,004$6,870$4,027
15 years$11,508$9,851$8,400$7,138$6,049$3,386
16 years$10,677$9,038$7,616$6,392$5,346$2,854
17 years$9,945$8,323$6,930$5,743$4,740$2,412
18 years$9,294$7,691$6,326$5,176$4,214$2,043
19 years$8,713$7,128$5,791$4,677$3,756$1,733
20 years$8,191$6,624$5,315$4,236$3,355$1,472
21 years$7,719$6,170$4,889$3,844$3,003$1,252
22 years$7,290$5,759$4,506$3,495$2,691$1,066
23 years$6,899$5,387$4,160$3,183$2,416$908
24 years$6,542$5,047$3,848$2,903$2,172$774
25 years$6,213$4,736$3,564$2,651$1,954$660
26 years$5,911$4,451$3,305$2,424$1,760$564
27 years$5,631$4,189$3,069$2,219$1,587$481
28 years$5,371$3,947$2,853$2,033$1,432$411
29 years$5,130$3,724$2,655$1,864$1,293$351
30 years$4,906$3,517$2,473$1,711$1,168$300
31 years$4,696$3,325$2,306$1,571$1,056$257
32 years$4,500$3,146$2,151$1,444$955$220
33 years$4,316$2,979$2,008$1,328$865$188
34 years$4,143$2,823$1,877$1,222$783$161
35 years$3,981$2,678$1,755$1,125$709$137
36 years$3,828$2,542$1,641$1,036$642$118
37 years$3,683$2,414$1,536$954$582$101
38 years$3,547$2,294$1,439$880$528$86
39 years$3,417$2,182$1,348$811$479$74
40 years$3,295$2,076$1,263$748$434$63
41 years$3,179$1,976$1,185$690$394$54
42 years$3,068$1,882$1,111$637$357$46
43 years$2,963$1,793$1,043$588$324$40
44 years$2,863$1,709$979$543$294$34
45 years$2,768$1,630$919$501$267$29
46 years$2,677$1,555$863$463$243$25
47 years$2,591$1,484$811$428$220$21
48 years$2,508$1,416$762$395$200$18
49 years$2,429$1,353$716$365$182$16
50 years$2,353$1,292$673$338$165$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,410,000, adding $6,483 every year, while hoping to spend $35,131 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: 52/41/7 Blend
49$2,410,000$2,410,000$2,410,000$2,410,000
50$2,662,507$2,534,777$2,497,422$2,796,077
51$2,896,704$2,621,602$2,543,707$2,974,298
52$3,153,611$2,711,504$2,590,364$3,163,646
53$3,435,508$2,804,597$2,637,370$3,368,715
54$3,744,906$2,900,998$2,684,699$3,590,992
55$4,084,571$3,000,831$2,732,320$3,832,113
56$4,457,548$3,104,223$2,780,203$4,093,876
57$4,867,194$3,211,305$2,828,316$4,378,260
58$5,317,205$3,322,217$2,876,623$4,687,438
59$5,811,655$3,437,101$2,925,084$5,023,804
60$6,355,029$3,556,104$2,973,660$5,389,990
61$6,952,271$3,679,383$3,022,307$5,788,891
62$7,608,827$3,807,096$3,070,978$6,223,694
63$8,330,695$3,939,411$3,119,623$6,697,905
64$9,124,485$4,076,501$3,168,190$7,215,382
65$9,997,479$4,218,547$3,216,621$7,780,372
66$10,957,701$4,365,735$3,264,857$8,397,549
67$12,013,991$4,518,261$3,312,835$9,072,057
68$13,176,089$4,676,326$3,360,485$9,809,561
69$14,454,726$4,840,142$3,407,737$10,616,296
70$15,861,726$5,009,926$3,454,514$11,499,125
71$17,410,117$5,185,908$3,500,736$12,465,607
72$19,114,255$5,368,324$3,546,316$13,524,064
73$20,989,957$5,557,419$3,591,165$14,683,660
74$23,054,650$5,753,451$3,635,188$15,954,484
75$25,327,540$5,956,685$3,678,282$17,347,648
76$27,829,786$6,167,399$3,720,341$18,875,391
77$30,584,704$6,385,882$3,761,252$20,551,189
78$33,617,986$6,612,433$3,800,897$22,389,886
79$36,957,944$6,847,365$3,839,150$24,407,830
80$40,635,771$7,091,003$3,875,878$26,623,027
81$44,685,842$7,343,684$3,910,942$29,055,310
82$49,146,034$7,605,761$3,944,196$31,726,527
83$54,058,087$7,877,601$3,975,483$34,660,741
84$59,467,993$8,159,584$4,004,643$37,884,461
85$65,426,432$8,452,108$4,031,503$41,426,887
86$71,989,253$8,755,586$4,055,882$45,320,187
87$79,217,994$9,070,447$4,077,592$49,599,798
88$87,180,472$9,397,141$4,096,434$54,304,758
89$95,951,412$9,736,134$4,112,197$59,478,076
90$105,613,163$10,087,911$4,124,662$65,167,132
91$116,256,465$10,452,978$4,133,598$71,424,126
92$127,981,313$10,831,862$4,138,762$78,306,568
93$140,897,896$11,225,113$4,139,899$85,877,819
94$155,127,639$11,633,301$4,136,744$94,207,687
95$170,804,348$12,057,022$4,129,014$103,373,085
96$188,075,472$12,496,897$4,116,417$113,458,752
97$207,103,497$12,953,572$4,098,644$124,558,056
98$228,067,477$13,427,720$4,075,372$136,773,868
99$251,164,725$13,920,044$4,046,261$150,219,534
100$276,612,674$14,431,273$4,010,959$165,019,941