Can I retire at age 50 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$200,667$198,880$197,136$195,434$193,772$192,228
2 years$99,340$97,490$95,697$93,958$92,272$90,717
3 years$65,569$63,711$61,922$60,200$58,541$57,021
4 years$48,687$46,834$45,064$43,371$41,752$40,280
5 years$38,560$36,719$34,971$33,313$31,739$30,319
6 years$31,811$29,983$28,262$26,641$25,114$23,747
7 years$26,992$25,180$23,486$21,903$20,425$19,112
8 years$23,380$21,584$19,918$18,374$16,944$15,686
9 years$20,571$18,793$17,155$15,650$14,269$13,065
10 years$18,326$16,565$14,956$13,491$12,158$11,007
11 years$16,490$14,747$13,167$11,741$10,457$9,358
12 years$14,962$13,236$11,686$10,298$9,061$8,014
13 years$13,669$11,961$10,440$9,092$7,902$6,904
14 years$12,562$10,873$9,381$8,071$6,927$5,978
15 years$11,604$9,932$8,469$7,198$6,099$5,198
16 years$10,766$9,113$7,679$6,445$5,390$4,536
17 years$10,027$8,392$6,987$5,791$4,779$3,970
18 years$9,372$7,755$6,379$5,218$4,249$3,483
19 years$8,786$7,187$5,839$4,715$3,788$3,063
20 years$8,259$6,679$5,359$4,271$3,383$2,699
21 years$7,783$6,221$4,929$3,876$3,028$2,382
22 years$7,351$5,807$4,543$3,524$2,714$2,105
23 years$6,957$5,431$4,195$3,209$2,436$1,863
24 years$6,596$5,089$3,879$2,927$2,190$1,651
25 years$6,265$4,775$3,593$2,673$1,970$1,464
26 years$5,960$4,488$3,332$2,444$1,775$1,300
27 years$5,677$4,224$3,094$2,237$1,600$1,154
28 years$5,416$3,980$2,877$2,050$1,444$1,026
29 years$5,173$3,755$2,677$1,880$1,304$913
30 years$4,946$3,546$2,494$1,725$1,178$812
31 years$4,735$3,352$2,325$1,584$1,065$723
32 years$4,537$3,172$2,169$1,456$963$644
33 years$4,352$3,004$2,025$1,339$872$574
34 years$4,178$2,847$1,892$1,232$789$511
35 years$4,014$2,700$1,769$1,134$715$456
36 years$3,859$2,563$1,655$1,045$648$407
37 years$3,714$2,434$1,549$962$587$363
38 years$3,576$2,313$1,451$887$532$324
39 years$3,446$2,200$1,359$818$483$289
40 years$3,322$2,093$1,274$754$438$258
41 years$3,205$1,992$1,194$696$397$230
42 years$3,094$1,897$1,120$642$360$205
43 years$2,988$1,808$1,051$593$327$183
44 years$2,887$1,723$987$548$297$164
45 years$2,791$1,643$927$506$270$146
46 years$2,700$1,568$870$467$245$131
47 years$2,612$1,496$818$432$222$117
48 years$2,529$1,428$768$399$202$104
49 years$2,449$1,364$722$369$183$93
50 years$2,373$1,303$679$341$166$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,430,000, adding $3,389 every year, while hoping to spend $54,600 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: 32/45/23 Blend
49$2,430,000$2,430,000$2,430,000$2,430,000
50$2,681,356$2,552,566$2,514,901$2,748,078
51$2,896,760$2,619,547$2,541,056$2,865,717
52$3,132,306$2,687,981$2,566,257$2,987,189
53$3,389,989$2,757,881$2,590,415$3,116,915
54$3,672,010$2,829,258$2,613,436$3,255,654
55$3,980,788$2,902,125$2,635,219$3,404,241
56$4,318,989$2,976,491$2,655,660$3,563,597
57$4,689,551$3,052,363$2,674,649$3,734,735
58$5,095,705$3,129,749$2,692,070$3,918,770
59$5,541,013$3,208,653$2,707,801$4,116,931
60$6,029,398$3,289,079$2,721,713$4,330,573
61$6,565,179$3,371,025$2,733,673$4,561,188
62$7,153,114$3,454,492$2,743,538$4,810,418
63$7,798,444$3,539,475$2,751,159$5,080,076
64$8,506,943$3,625,967$2,756,380$5,372,156
65$9,284,970$3,713,959$2,759,038$5,688,859
66$10,139,531$3,803,437$2,758,960$6,032,607
67$11,078,343$3,894,385$2,755,965$6,406,072
68$12,109,909$3,986,785$2,749,865$6,812,198
69$13,243,593$4,080,611$2,740,459$7,254,229
70$14,489,716$4,175,837$2,727,540$7,735,741
71$15,859,644$4,272,430$2,710,890$8,260,678
72$17,365,902$4,370,354$2,690,279$8,833,382
73$19,022,289$4,469,565$2,665,468$9,458,645
74$20,844,006$4,570,018$2,636,205$10,141,744
75$22,847,804$4,671,658$2,602,228$10,888,499
76$25,052,138$4,774,427$2,563,260$11,705,324
77$27,477,340$4,878,258$2,519,013$12,599,291
78$30,145,813$4,983,078$2,469,185$13,578,193
79$33,082,244$5,088,806$2,413,460$14,650,623
80$36,313,829$5,195,354$2,351,508$15,826,051
81$39,870,538$5,302,624$2,282,981$17,114,917
82$43,785,391$5,410,511$2,207,519$18,528,731
83$48,094,773$5,518,898$2,124,743$20,080,178
84$52,838,775$5,627,659$2,034,257$21,783,242
85$58,061,573$5,736,657$1,935,647$23,653,340
86$63,811,843$5,845,743$1,828,481$25,707,463
87$70,143,222$5,954,756$1,712,307$27,964,343
88$77,114,813$6,063,522$1,586,652$30,444,628
89$84,791,742$6,171,852$1,451,022$33,171,077
90$93,245,770$6,279,543$1,304,902$36,168,779
91$102,555,975$6,386,378$1,147,753$39,465,388
92$112,809,494$6,492,120$979,012$43,091,389
93$124,102,346$6,596,517$798,092$47,080,382
94$136,540,336$6,699,297$604,380$51,469,406
95$150,240,058$6,800,170$397,233$56,299,286
96$165,329,987$6,898,822$175,984$61,615,023
97$181,951,702$6,994,920$0$67,466,218
98$200,261,209$7,088,105$0$73,922,301
99$220,430,426$7,177,995$0$81,075,828
100$242,648,793$7,264,181$0$88,950,176