Can I retire at age 50 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$203,145$201,335$199,570$197,846$196,164$189,053
2 years$100,567$98,694$96,878$95,118$93,411$86,326
3 years$66,378$64,497$62,687$60,943$59,264$52,426
4 years$49,288$47,412$45,620$43,906$42,268$35,729
5 years$39,036$37,172$35,403$33,724$32,131$25,910
6 years$32,204$30,354$28,611$26,970$25,424$19,524
7 years$27,325$25,491$23,776$22,173$20,677$15,097
8 years$23,668$21,850$20,164$18,600$17,153$11,889
9 years$20,825$19,025$17,367$15,843$14,446$9,489
10 years$18,552$16,769$15,141$13,657$12,308$7,651
11 years$16,694$14,929$13,330$11,886$10,586$6,218
12 years$15,146$13,399$11,830$10,426$9,173$5,085
13 years$13,838$12,109$10,569$9,204$7,999$4,178
14 years$12,717$11,007$9,496$8,170$7,012$3,447
15 years$11,747$10,055$8,574$7,287$6,174$2,853
16 years$10,899$9,225$7,774$6,524$5,457$2,368
17 years$10,151$8,496$7,074$5,862$4,838$1,969
18 years$9,487$7,851$6,457$5,283$4,302$1,640
19 years$8,894$7,276$5,911$4,774$3,834$1,368
20 years$8,361$6,761$5,425$4,323$3,425$1,143
21 years$7,879$6,298$4,990$3,924$3,065$956
22 years$7,441$5,879$4,599$3,568$2,747$800
23 years$7,043$5,498$4,247$3,249$2,466$670
24 years$6,678$5,152$3,927$2,963$2,217$561
25 years$6,342$4,834$3,637$2,706$1,995$470
26 years$6,033$4,544$3,374$2,474$1,797$394
27 years$5,748$4,276$3,133$2,265$1,620$331
28 years$5,483$4,029$2,912$2,075$1,462$278
29 years$5,237$3,801$2,710$1,903$1,320$233
30 years$5,007$3,590$2,524$1,746$1,193$196
31 years$4,793$3,394$2,353$1,604$1,078$164
32 years$4,593$3,211$2,196$1,474$975$138
33 years$4,405$3,041$2,050$1,356$883$116
34 years$4,229$2,882$1,916$1,247$799$97
35 years$4,063$2,734$1,791$1,148$724$82
36 years$3,907$2,595$1,675$1,057$656$69
37 years$3,760$2,464$1,568$974$594$58
38 years$3,620$2,342$1,468$898$539$48
39 years$3,488$2,227$1,376$828$489$41
40 years$3,363$2,119$1,290$764$443$34
41 years$3,245$2,017$1,209$705$402$29
42 years$3,132$1,921$1,134$650$365$24
43 years$3,025$1,830$1,064$600$331$20
44 years$2,923$1,744$999$554$301$17
45 years$2,826$1,664$938$512$273$14
46 years$2,733$1,587$881$473$248$12
47 years$2,645$1,514$828$437$225$10
48 years$2,560$1,446$778$404$204$8
49 years$2,479$1,381$731$373$186$7
50 years$2,402$1,319$687$345$169$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,460,000, adding $5,825 every year, while hoping to spend $51,196 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: 67/26/7 Blend
49$2,460,000$2,460,000$2,460,000$2,460,000
50$2,716,928$2,586,548$2,548,418$2,895,336
51$2,939,583$2,658,817$2,579,318$3,086,723
52$3,183,232$2,732,911$2,609,538$3,289,157
53$3,449,964$2,808,866$2,638,999$3,509,090
54$3,742,077$2,886,717$2,667,622$3,748,225
55$4,062,102$2,966,499$2,695,320$4,008,433
56$4,412,827$3,048,248$2,722,004$4,291,776
57$4,797,323$3,131,999$2,747,579$4,600,524
58$5,218,970$3,217,788$2,771,943$4,937,176
59$5,681,493$3,305,647$2,794,991$5,304,483
60$6,188,994$3,395,613$2,816,612$5,705,477
61$6,745,993$3,487,719$2,836,690$6,143,494
62$7,357,465$3,581,999$2,855,100$6,622,209
63$8,028,894$3,678,484$2,871,713$7,145,671
64$8,766,319$3,777,208$2,886,394$7,718,337
65$9,576,394$3,878,201$2,898,998$8,345,118
66$10,466,447$3,981,494$2,909,376$9,031,424
67$11,444,554$4,087,117$2,917,369$9,783,213
68$12,519,609$4,195,096$2,922,811$10,607,049
69$13,701,413$4,305,459$2,925,529$11,510,161
70$15,000,762$4,418,232$2,925,339$12,500,516
71$16,429,551$4,533,437$2,922,050$13,586,890
72$18,000,887$4,651,096$2,915,460$14,778,950
73$19,729,207$4,771,230$2,905,358$16,087,347
74$21,630,421$4,893,856$2,891,523$17,523,817
75$23,722,058$5,018,988$2,873,722$19,101,289
76$26,023,430$5,146,640$2,851,714$20,834,008
77$28,555,815$5,276,821$2,825,242$22,737,671
78$31,342,661$5,409,538$2,794,040$24,829,572
79$34,409,801$5,544,794$2,757,829$27,128,764
80$37,785,700$5,682,589$2,716,316$29,656,246
81$41,501,723$5,822,917$2,669,194$32,435,150
82$45,592,430$5,965,771$2,616,143$35,490,970
83$50,095,901$6,111,137$2,556,827$38,851,793
84$55,054,097$6,258,997$2,490,894$42,548,571
85$60,513,254$6,409,327$2,417,978$46,615,409
86$66,524,319$6,562,097$2,337,694$51,089,888
87$73,143,433$6,717,273$2,249,640$56,013,421
88$80,432,456$6,874,812$2,153,396$61,431,640
89$88,459,553$7,034,665$2,048,521$67,394,829
90$97,299,839$7,196,774$1,934,558$73,958,399
91$107,036,082$7,361,076$1,811,025$81,183,411
92$117,759,489$7,527,495$1,677,421$89,137,150
93$129,570,564$7,695,950$1,533,222$97,893,762
94$142,580,056$7,866,346$1,377,880$107,534,953
95$156,910,006$8,038,580$1,210,822$118,150,760
96$172,694,893$8,212,538$1,031,452$129,840,403
97$190,082,912$8,388,092$839,145$142,713,219
98$209,237,362$8,565,102$633,249$156,889,694
99$230,338,195$8,743,414$413,085$172,502,603
100$253,583,709$8,922,859$177,942$189,698,261