Can I retire at age 50 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$203,970$202,153$200,381$198,651$196,961$189,446
2 years$100,975$99,095$97,272$95,505$93,791$86,308
3 years$66,648$64,760$62,942$61,191$59,505$52,289
4 years$49,488$47,605$45,805$44,085$42,439$35,547
5 years$39,195$37,323$35,547$33,861$32,262$25,709
6 years$32,335$30,477$28,727$27,079$25,528$19,320
7 years$27,436$25,595$23,872$22,263$20,761$14,896
8 years$23,765$21,939$20,246$18,676$17,223$11,696
9 years$20,910$19,102$17,438$15,908$14,504$9,306
10 years$18,628$16,838$15,202$13,713$12,358$7,480
11 years$16,762$14,989$13,384$11,934$10,629$6,059
12 years$15,208$13,454$11,878$10,468$9,211$4,939
13 years$13,894$12,158$10,612$9,242$8,032$4,044
14 years$12,769$11,052$9,535$8,204$7,041$3,325
15 years$11,795$10,096$8,609$7,316$6,199$2,742
16 years$10,943$9,263$7,805$6,551$5,479$2,267
17 years$10,192$8,531$7,102$5,886$4,858$1,878
18 years$9,526$7,883$6,484$5,304$4,319$1,559
19 years$8,930$7,306$5,935$4,793$3,850$1,296
20 years$8,395$6,789$5,447$4,341$3,439$1,078
21 years$7,911$6,323$5,010$3,940$3,077$898
22 years$7,472$5,903$4,618$3,582$2,758$748
23 years$7,071$5,521$4,264$3,262$2,476$624
24 years$6,705$5,172$3,943$2,975$2,226$521
25 years$6,368$4,854$3,652$2,717$2,003$435
26 years$6,058$4,562$3,387$2,485$1,804$363
27 years$5,771$4,293$3,145$2,274$1,626$303
28 years$5,505$4,046$2,924$2,084$1,468$254
29 years$5,258$3,817$2,721$1,911$1,325$212
30 years$5,028$3,604$2,535$1,754$1,197$177
31 years$4,813$3,407$2,363$1,611$1,083$148
32 years$4,612$3,224$2,205$1,480$979$124
33 years$4,423$3,053$2,058$1,361$886$104
34 years$4,246$2,894$1,923$1,252$802$87
35 years$4,080$2,745$1,798$1,153$727$73
36 years$3,923$2,605$1,682$1,062$658$61
37 years$3,775$2,474$1,574$978$597$51
38 years$3,635$2,351$1,474$902$541$42
39 years$3,502$2,236$1,381$831$491$36
40 years$3,377$2,127$1,295$767$445$30
41 years$3,258$2,025$1,214$707$404$25
42 years$3,145$1,929$1,139$653$366$21
43 years$3,037$1,838$1,069$603$332$17
44 years$2,935$1,752$1,003$557$302$15
45 years$2,837$1,670$942$514$274$12
46 years$2,744$1,593$885$475$249$10
47 years$2,655$1,521$831$439$226$9
48 years$2,570$1,452$781$405$205$7
49 years$2,489$1,386$734$375$186$6
50 years$2,412$1,324$690$346$169$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,470,000, adding $5,905 every year, while hoping to spend $57,108 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: 42/49/9 Blend
49$2,470,000$2,470,000$2,470,000$2,470,000
50$2,728,031$2,597,121$2,558,836$2,835,173
51$2,945,528$2,663,617$2,583,795$2,977,011
52$3,183,295$2,731,458$2,607,675$3,124,285
53$3,443,340$2,800,649$2,630,381$3,282,459
54$3,727,874$2,871,193$2,651,812$3,452,549
55$4,039,329$2,943,094$2,671,860$3,635,672
56$4,380,386$3,016,351$2,690,412$3,833,058
57$4,753,995$3,090,962$2,707,351$4,046,062
58$5,163,407$3,166,924$2,722,552$4,276,175
59$5,612,202$3,244,230$2,735,884$4,525,037
60$6,104,320$3,322,871$2,747,210$4,794,456
61$6,644,104$3,402,835$2,756,385$5,086,422
62$7,236,335$3,484,107$2,763,257$5,403,127
63$7,886,283$3,566,669$2,767,667$5,746,984
64$8,599,748$3,650,500$2,769,448$6,120,654
65$9,383,121$3,735,574$2,768,424$6,527,065
66$10,243,445$3,821,862$2,764,411$6,969,443
67$11,188,473$3,909,330$2,757,216$7,451,343
68$12,226,751$3,997,941$2,746,636$7,976,682
69$13,367,690$4,087,650$2,732,459$8,549,773
70$14,621,660$4,178,411$2,714,462$9,175,372
71$16,000,084$4,270,168$2,692,412$9,858,717
72$17,515,549$4,362,863$2,666,064$10,605,578
73$19,181,920$4,456,428$2,635,162$11,422,317
74$21,014,474$4,550,791$2,599,438$12,315,941
75$23,030,043$4,645,872$2,558,611$13,294,175
76$25,247,170$4,741,583$2,512,388$14,365,529
77$27,686,289$4,837,828$2,460,460$15,539,381
78$30,369,910$4,934,501$2,402,506$16,826,069
79$33,322,839$5,031,490$2,338,188$18,236,982
80$36,572,406$5,128,670$2,267,154$19,784,675
81$40,148,723$5,225,907$2,189,036$21,482,981
82$44,084,972$5,323,055$2,103,447$23,347,147
83$48,417,712$5,419,958$2,009,986$25,393,978
84$53,187,228$5,516,445$1,908,229$27,641,992
85$58,437,908$5,612,334$1,797,738$30,111,599
86$64,218,663$5,707,427$1,678,051$32,825,294
87$70,583,388$5,801,512$1,548,687$35,807,867
88$77,591,470$5,894,362$1,409,143$39,086,642
89$85,308,345$5,985,731$1,258,896$42,691,732
90$93,806,123$6,075,358$1,097,395$46,656,325
91$103,164,258$6,162,961$924,068$51,016,999
92$113,470,304$6,248,239$738,317$55,814,068
93$124,820,742$6,330,869$539,516$61,091,962
94$137,321,882$6,410,506$327,015$66,899,651
95$151,090,876$6,486,783$100,132$73,291,103
96$166,256,815$6,559,305$0$80,325,799
97$182,961,952$6,627,653$0$88,082,932
98$201,363,042$6,691,378$0$96,632,263
99$221,632,821$6,750,004$0$106,043,871
100$243,961,635$6,803,021$0$116,405,595