Can I retire at age 50 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$208,925$207,064$205,248$203,476$201,746$196,470
2 years$103,428$101,502$99,635$97,825$96,069$90,790
3 years$68,267$66,333$64,471$62,677$60,950$55,833
4 years$50,690$48,762$46,918$45,156$43,470$38,554
5 years$40,147$38,230$36,410$34,684$33,045$28,344
6 years$33,120$31,217$29,425$27,737$26,148$21,665
7 years$28,103$26,216$24,452$22,804$21,265$17,002
8 years$24,342$22,472$20,737$19,130$17,641$13,596
9 years$21,418$19,566$17,861$16,294$14,857$11,025
10 years$19,080$17,247$15,572$14,046$12,659$9,036
11 years$17,169$15,354$13,709$12,224$10,887$7,468
12 years$15,577$13,781$12,167$10,722$9,434$6,213
13 years$14,232$12,454$10,870$9,466$8,227$5,196
14 years$13,079$11,320$9,767$8,403$7,212$4,365
15 years$12,081$10,341$8,818$7,494$6,350$3,680
16 years$11,209$9,488$7,995$6,710$5,612$3,111
17 years$10,440$8,738$7,275$6,029$4,976$2,637
18 years$9,757$8,074$6,641$5,433$4,424$2,240
19 years$9,147$7,483$6,080$4,909$3,943$1,905
20 years$8,599$6,954$5,580$4,446$3,522$1,623
21 years$8,103$6,477$5,132$4,035$3,152$1,385
22 years$7,653$6,046$4,730$3,669$2,825$1,183
23 years$7,243$5,655$4,367$3,342$2,536$1,011
24 years$6,868$5,298$4,039$3,048$2,280$865
25 years$6,523$4,972$3,741$2,783$2,051$740
26 years$6,205$4,673$3,470$2,545$1,848$634
27 years$5,911$4,398$3,222$2,329$1,666$543
28 years$5,639$4,144$2,995$2,134$1,503$465
29 years$5,386$3,909$2,787$1,957$1,357$399
30 years$5,150$3,692$2,596$1,796$1,226$342
31 years$4,930$3,490$2,420$1,650$1,109$293
32 years$4,724$3,302$2,258$1,516$1,003$252
33 years$4,531$3,127$2,109$1,394$908$216
34 years$4,350$2,964$1,970$1,283$822$185
35 years$4,179$2,811$1,842$1,181$744$159
36 years$4,018$2,668$1,723$1,088$674$137
37 years$3,867$2,534$1,613$1,002$611$117
38 years$3,723$2,409$1,510$924$554$101
39 years$3,587$2,290$1,415$852$503$87
40 years$3,459$2,179$1,326$785$456$74
41 years$3,337$2,074$1,244$725$414$64
42 years$3,221$1,975$1,167$669$375$55
43 years$3,111$1,882$1,095$617$341$47
44 years$3,006$1,794$1,027$570$309$40
45 years$2,906$1,711$965$526$281$35
46 years$2,811$1,632$906$486$255$30
47 years$2,720$1,558$851$449$231$26
48 years$2,633$1,487$800$415$210$22
49 years$2,550$1,420$752$384$191$19
50 years$2,470$1,356$707$355$173$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,530,000, adding $4,200 every year, while hoping to spend $48,262 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: 38/40/22 Blend
49$2,530,000$2,530,000$2,530,000$2,530,000
50$2,792,392$2,658,302$2,619,087$2,879,983
51$3,025,866$2,737,209$2,655,476$3,022,795
52$3,281,536$2,818,364$2,691,467$3,172,202
53$3,561,617$2,901,827$2,726,995$3,332,697
54$3,868,544$2,987,660$2,761,991$3,505,312
55$4,205,003$3,075,922$2,796,385$3,691,179
56$4,573,949$3,166,678$2,830,100$3,891,547
57$4,978,639$3,259,993$2,863,056$4,107,787
58$5,422,659$3,355,931$2,895,167$4,341,409
59$5,909,960$3,454,561$2,926,344$4,594,077
60$6,444,892$3,555,951$2,956,493$4,867,620
61$7,032,248$3,660,170$2,985,513$5,164,050
62$7,677,310$3,767,290$3,013,300$5,485,587
63$8,385,892$3,877,384$3,039,743$5,834,670
64$9,164,403$3,990,526$3,064,724$6,213,988
65$10,019,901$4,106,791$3,088,121$6,626,500
66$10,960,164$4,226,256$3,109,806$7,075,466
67$11,993,757$4,348,999$3,129,641$7,564,476
68$13,130,120$4,475,100$3,147,483$8,097,483
69$14,379,651$4,604,639$3,163,183$8,678,841
70$15,753,808$4,737,699$3,176,582$9,313,347
71$17,265,213$4,874,363$3,187,514$10,006,284
72$18,927,773$5,014,715$3,195,805$10,763,473
73$20,756,812$5,158,842$3,201,270$11,591,324
74$22,769,213$5,306,832$3,203,719$12,496,900
75$24,983,578$5,458,772$3,202,949$13,487,983
76$27,420,403$5,614,752$3,198,748$14,573,146
77$30,102,272$5,774,862$3,190,893$15,761,833
78$33,054,069$5,939,195$3,179,153$17,064,450
79$36,303,212$6,107,844$3,163,283$18,492,463
80$39,879,913$6,280,901$3,143,026$20,058,505
81$43,817,461$6,458,463$3,118,115$21,776,495
82$48,152,538$6,640,623$3,088,267$23,661,769
83$52,925,561$6,827,479$3,053,189$25,731,228
84$58,181,070$7,019,126$3,012,572$28,003,492
85$63,968,139$7,215,663$2,966,093$30,499,079
86$70,340,846$7,417,188$2,913,414$33,240,601
87$77,358,780$7,623,797$2,854,181$36,252,972
88$85,087,603$7,835,591$2,788,023$39,563,645
89$93,599,669$8,052,666$2,714,554$43,202,873
90$102,974,711$8,275,122$2,633,366$47,203,993
91$113,300,584$8,503,056$2,544,037$51,603,743
92$124,674,104$8,736,566$2,446,123$56,442,604
93$137,201,954$8,975,749$2,339,159$61,765,186
94$151,001,695$9,220,702$2,222,662$67,620,651
95$166,202,870$9,471,519$2,096,124$74,063,171
96$182,948,235$9,728,295$1,959,015$81,152,444
97$201,395,095$9,991,122$1,810,783$88,954,259
98$221,716,799$10,260,091$1,650,848$97,541,114
99$244,104,367$10,535,290$1,478,607$106,992,900
100$268,768,300$10,816,807$1,293,428$117,397,660