Can I retire at age 50 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$199,841$198,061$196,325$194,629$192,974$185,538
2 years$98,931$97,089$95,303$93,572$91,892$84,489
3 years$65,299$63,449$61,667$59,952$58,300$51,163
4 years$48,486$46,641$44,878$43,192$41,580$34,763
5 years$38,401$36,567$34,827$33,176$31,609$25,129
6 years$31,680$29,860$28,146$26,531$25,011$18,874
7 years$26,881$25,076$23,389$21,813$20,341$14,544
8 years$23,283$21,495$19,836$18,298$16,874$11,412
9 years$20,487$18,715$17,085$15,586$14,211$9,075
10 years$18,251$16,497$14,895$13,435$12,108$7,290
11 years$16,423$14,686$13,113$11,693$10,413$5,901
12 years$14,900$13,181$11,638$10,256$9,024$4,806
13 years$13,613$11,912$10,397$9,055$7,869$3,934
14 years$12,510$10,828$9,342$8,038$6,898$3,232
15 years$11,556$9,891$8,435$7,168$6,074$2,663
16 years$10,722$9,075$7,647$6,418$5,368$2,200
17 years$9,986$8,358$6,959$5,767$4,760$1,822
18 years$9,333$7,723$6,352$5,197$4,232$1,511
19 years$8,749$7,158$5,815$4,696$3,772$1,255
20 years$8,225$6,651$5,337$4,253$3,369$1,043
21 years$7,751$6,195$4,909$3,860$3,015$868
22 years$7,320$5,783$4,524$3,510$2,703$723
23 years$6,928$5,409$4,177$3,196$2,426$603
24 years$6,569$5,068$3,863$2,915$2,181$502
25 years$6,239$4,756$3,578$2,662$1,962$419
26 years$5,935$4,470$3,319$2,434$1,767$350
27 years$5,654$4,207$3,082$2,228$1,594$292
28 years$5,394$3,964$2,865$2,041$1,438$244
29 years$5,152$3,739$2,666$1,872$1,298$204
30 years$4,926$3,531$2,483$1,718$1,173$170
31 years$4,716$3,338$2,315$1,578$1,061$142
32 years$4,519$3,159$2,160$1,450$959$119
33 years$4,334$2,991$2,017$1,334$868$99
34 years$4,160$2,835$1,884$1,227$786$83
35 years$3,997$2,689$1,762$1,129$712$69
36 years$3,844$2,552$1,648$1,040$645$58
37 years$3,698$2,424$1,543$958$585$48
38 years$3,561$2,304$1,445$883$530$40
39 years$3,432$2,191$1,353$815$481$34
40 years$3,309$2,084$1,269$751$436$28
41 years$3,192$1,984$1,190$693$396$24
42 years$3,081$1,890$1,116$640$359$20
43 years$2,976$1,800$1,047$591$326$17
44 years$2,875$1,716$983$545$296$14
45 years$2,780$1,636$923$504$268$12
46 years$2,689$1,561$867$465$244$10
47 years$2,602$1,490$814$430$221$8
48 years$2,518$1,422$765$397$201$7
49 years$2,439$1,358$719$367$183$6
50 years$2,363$1,297$676$339$166$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,420,000, adding $3,780 every year, while hoping to spend $38,138 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: 55/33/12 Blend
49$2,420,000$2,420,000$2,420,000$2,420,000
50$2,670,739$2,542,479$2,504,969$2,809,234
51$2,902,576$2,626,482$2,548,307$2,987,597
52$3,156,782$2,713,323$2,591,819$3,177,227
53$3,435,598$2,803,100$2,635,469$3,382,810
54$3,741,494$2,895,917$2,679,222$3,605,874
55$4,077,188$2,991,879$2,723,038$3,848,098
56$4,445,676$3,091,096$2,766,875$4,111,332
57$4,850,258$3,193,682$2,810,687$4,397,608
58$5,294,567$3,299,755$2,854,428$4,709,165
59$5,782,607$3,409,437$2,898,045$5,048,466
60$6,318,789$3,522,856$2,941,486$5,418,220
61$6,907,972$3,640,142$2,984,692$5,821,412
62$7,555,508$3,761,432$3,027,603$6,261,326
63$8,267,296$3,886,868$3,070,153$6,741,577
64$9,049,831$4,016,595$3,112,274$7,266,144
65$9,910,271$4,150,767$3,153,893$7,839,411
66$10,856,504$4,289,539$3,194,934$8,466,202
67$11,897,217$4,433,076$3,235,313$9,151,829
68$13,041,983$4,581,546$3,274,946$9,902,143
69$14,301,349$4,735,126$3,313,741$10,723,587
70$15,686,937$4,893,998$3,351,602$11,623,254
71$17,211,551$5,058,350$3,388,427$12,608,959
72$18,889,298$5,228,379$3,424,108$13,689,307
73$20,735,725$5,404,287$3,458,534$14,873,777
74$22,767,957$5,586,286$3,491,584$16,172,808
75$25,004,869$5,774,594$3,523,132$17,597,898
76$27,467,256$5,969,439$3,553,046$19,161,715
77$30,178,030$6,171,056$3,581,188$20,878,211
78$33,162,440$6,379,689$3,607,409$22,762,755
79$36,448,307$6,595,592$3,631,555$24,832,278
80$40,066,287$6,819,028$3,653,464$27,105,431
81$44,050,158$7,050,270$3,672,965$29,602,763
82$48,437,143$7,289,602$3,689,878$32,346,909
83$53,268,257$7,537,318$3,704,015$35,362,808
84$58,588,697$7,793,724$3,715,177$38,677,934
85$64,448,264$8,059,137$3,723,156$42,322,556
86$70,901,838$8,333,886$3,727,732$46,330,025
87$78,009,892$8,618,313$3,728,678$50,737,083
88$85,839,064$8,912,773$3,725,751$55,584,212
89$94,462,784$9,217,634$3,718,700$60,916,015
90$103,961,970$9,533,280$3,707,258$66,781,637
91$114,425,788$9,860,109$3,691,149$73,235,224
92$125,952,497$10,198,532$3,670,080$80,336,438
93$138,650,370$10,548,979$3,643,747$88,151,016
94$152,638,725$10,911,896$3,611,829$96,751,389
95$168,049,041$11,287,745$3,573,992$106,217,366
96$185,026,207$11,677,008$3,529,883$116,636,889
97$203,729,882$12,080,183$3,479,137$128,106,854
98$224,336,009$12,497,791$3,421,367$140,734,032
99$247,038,469$12,930,370$3,356,170$154,636,072
100$272,050,917$13,378,482$3,283,125$169,942,613