Can I retire at age 50 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$204,796$202,972$201,192$199,455$197,759$195,045
2 years$101,384$99,496$97,666$95,892$94,171$91,442
3 years$66,918$65,022$63,196$61,439$59,746$57,086
4 years$49,688$47,798$45,991$44,263$42,611$40,041
5 years$39,353$37,474$35,691$33,998$32,392$29,920
6 years$32,465$30,600$28,843$27,189$25,631$23,258
7 years$27,548$25,698$23,969$22,353$20,845$18,573
8 years$23,861$22,028$20,328$18,752$17,293$15,122
9 years$20,995$19,179$17,508$15,972$14,563$12,492
10 years$18,703$16,906$15,264$13,768$12,408$10,436
11 years$16,830$15,050$13,438$11,983$10,672$8,795
12 years$15,270$13,508$11,926$10,510$9,248$7,466
13 years$13,950$12,207$10,655$9,279$8,064$6,374
14 years$12,821$11,096$9,574$8,237$7,069$5,468
15 years$11,842$10,137$8,644$7,346$6,224$4,710
16 years$10,987$9,300$7,837$6,577$5,501$4,070
17 years$10,234$8,565$7,131$5,910$4,878$3,527
18 years$9,564$7,915$6,510$5,326$4,337$3,064
19 years$8,966$7,335$5,959$4,812$3,866$2,668
20 years$8,429$6,816$5,469$4,359$3,453$2,326
21 years$7,943$6,349$5,031$3,956$3,090$2,032
22 years$7,502$5,927$4,637$3,597$2,770$1,777
23 years$7,100$5,543$4,281$3,275$2,486$1,556
24 years$6,732$5,193$3,959$2,987$2,235$1,364
25 years$6,394$4,874$3,667$2,728$2,011$1,196
26 years$6,082$4,581$3,401$2,495$1,811$1,050
27 years$5,794$4,311$3,158$2,283$1,633$922
28 years$5,527$4,062$2,936$2,092$1,474$811
29 years$5,279$3,832$2,732$1,918$1,331$713
30 years$5,048$3,619$2,545$1,761$1,202$627
31 years$4,832$3,421$2,373$1,617$1,087$552
32 years$4,631$3,237$2,214$1,486$983$486
33 years$4,441$3,066$2,067$1,367$890$428
34 years$4,264$2,905$1,931$1,257$806$377
35 years$4,096$2,756$1,805$1,157$730$332
36 years$3,939$2,616$1,689$1,066$661$293
37 years$3,790$2,484$1,581$982$599$258
38 years$3,650$2,361$1,480$905$543$228
39 years$3,517$2,245$1,387$835$493$201
40 years$3,391$2,136$1,300$770$447$177
41 years$3,271$2,033$1,219$710$405$156
42 years$3,157$1,936$1,143$656$368$138
43 years$3,049$1,845$1,073$605$334$121
44 years$2,947$1,759$1,007$559$303$107
45 years$2,849$1,677$946$516$275$94
46 years$2,755$1,600$888$477$250$83
47 years$2,666$1,527$834$440$227$74
48 years$2,581$1,457$784$407$206$65
49 years$2,499$1,392$737$376$187$57
50 years$2,421$1,330$693$348$170$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,480,000, adding $4,830 every year, while hoping to spend $32,611 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: 70/24/6 Blend
49$2,480,000$2,480,000$2,480,000$2,480,000
50$2,737,942$2,606,502$2,568,062$2,927,083
51$2,982,514$2,699,523$2,619,394$3,145,727
52$3,250,940$2,796,009$2,671,353$3,380,397
53$3,545,618$2,896,095$2,723,925$3,636,265
54$3,869,189$2,999,922$2,777,096$3,915,404
55$4,224,566$3,107,638$2,830,848$4,220,096
56$4,614,954$3,219,394$2,885,163$4,552,850
57$5,043,885$3,335,350$2,940,022$4,916,431
58$5,515,250$3,455,671$2,995,401$5,313,880
59$6,033,337$3,580,530$3,051,278$5,748,547
60$6,602,867$3,710,106$3,107,627$6,224,119
61$7,229,045$3,844,587$3,164,417$6,744,654
62$7,917,603$3,984,167$3,221,620$7,314,622
63$8,674,856$4,129,049$3,279,202$7,938,944
64$9,507,763$4,279,444$3,337,128$8,623,039
65$10,423,991$4,435,573$3,395,358$9,372,875
66$11,431,987$4,597,665$3,453,851$10,195,022
67$12,541,058$4,765,959$3,512,563$11,096,718
68$13,761,459$4,940,704$3,571,447$12,085,934
69$15,104,490$5,122,160$3,630,452$13,171,447
70$16,582,599$5,310,597$3,689,524$14,362,927
71$18,209,505$5,506,298$3,748,604$15,671,024
72$20,000,323$5,709,555$3,807,631$17,107,466
73$21,971,709$5,920,675$3,866,539$18,685,176
74$24,142,013$6,139,978$3,925,258$20,418,386
75$26,531,458$6,367,797$3,983,714$22,322,774
76$29,162,325$6,604,477$4,041,827$24,415,611
77$32,059,168$6,850,382$4,099,513$26,715,924
78$35,249,040$7,105,888$4,156,684$29,244,671
79$38,761,754$7,371,389$4,213,245$32,024,944
80$42,630,161$7,647,295$4,269,097$35,082,180
81$46,890,458$7,934,033$4,324,132$38,444,404
82$51,582,534$8,232,050$4,378,240$42,142,492
83$56,750,344$8,541,812$4,431,302$46,210,460
84$62,442,321$8,863,803$4,483,193$50,685,784
85$68,711,839$9,198,530$4,533,781$55,609,757
86$75,617,709$9,546,521$4,582,926$61,027,871
87$83,224,743$9,908,328$4,630,481$66,990,249
88$91,604,356$10,284,525$4,676,291$73,552,119
89$100,835,245$10,675,712$4,720,192$80,774,328
90$111,004,134$11,082,516$4,762,013$88,723,922
91$122,206,586$11,505,589$4,801,570$97,474,771
92$134,547,909$11,945,614$4,838,674$107,108,271
93$148,144,149$12,403,302$4,873,123$117,714,106
94$163,123,184$12,879,396$4,904,704$129,391,096
95$179,625,934$13,374,671$4,933,197$142,248,128
96$197,807,686$13,889,937$4,958,365$156,405,179
97$217,839,563$14,426,037$4,979,964$171,994,453
98$239,910,140$14,983,855$4,997,734$189,161,622
99$264,227,221$15,564,310$5,011,405$208,067,201
100$291,019,800$16,168,364$5,020,690$228,888,062