Can I retire at age 50 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$216,357$214,430$212,550$210,714$208,922$201,670
2 years$107,108$105,113$103,179$101,305$99,487$92,255
3 years$70,696$68,692$66,764$64,907$63,119$56,135
4 years$52,493$50,496$48,587$46,762$45,017$38,334
5 years$41,575$39,590$37,706$35,918$34,221$27,858
6 years$34,298$32,328$30,472$28,724$27,078$21,038
7 years$29,103$27,149$25,322$23,615$22,022$16,305
8 years$25,208$23,272$21,475$19,810$18,269$12,870
9 years$22,180$20,262$18,497$16,874$15,385$10,298
10 years$19,759$17,860$16,126$14,546$13,109$8,324
11 years$17,780$15,900$14,197$12,659$11,274$6,783
12 years$16,132$14,271$12,599$11,104$9,770$5,561
13 years$14,738$12,897$11,257$9,803$8,520$4,583
14 years$13,544$11,723$10,114$8,702$7,468$3,791
15 years$12,511$10,709$9,132$7,761$6,576$3,147
16 years$11,608$9,825$8,279$6,949$5,812$2,619
17 years$10,811$9,049$7,534$6,243$5,153$2,184
18 years$10,104$8,361$6,877$5,627$4,582$1,825
19 years$9,472$7,749$6,296$5,084$4,084$1,527
20 years$8,905$7,201$5,778$4,605$3,648$1,279
21 years$8,391$6,707$5,315$4,179$3,264$1,073
22 years$7,925$6,261$4,898$3,800$2,926$901
23 years$7,501$5,856$4,523$3,460$2,627$757
24 years$7,112$5,487$4,183$3,156$2,361$636
25 years$6,755$5,149$3,874$2,882$2,124$535
26 years$6,426$4,839$3,593$2,635$1,914$450
27 years$6,121$4,554$3,336$2,412$1,725$379
28 years$5,839$4,291$3,102$2,210$1,557$319
29 years$5,577$4,048$2,886$2,027$1,406$268
30 years$5,333$3,823$2,689$1,860$1,270$226
31 years$5,105$3,614$2,506$1,708$1,148$190
32 years$4,892$3,420$2,339$1,570$1,039$160
33 years$4,692$3,239$2,184$1,444$940$135
34 years$4,504$3,070$2,040$1,328$851$114
35 years$4,328$2,911$1,907$1,223$771$96
36 years$4,161$2,763$1,784$1,126$698$81
37 years$4,004$2,625$1,670$1,038$633$68
38 years$3,856$2,494$1,564$956$574$57
39 years$3,715$2,372$1,465$882$520$48
40 years$3,582$2,257$1,373$813$472$41
41 years$3,456$2,148$1,288$750$428$34
42 years$3,336$2,046$1,208$693$389$29
43 years$3,222$1,949$1,134$639$353$24
44 years$3,113$1,858$1,064$590$320$21
45 years$3,009$1,772$999$545$291$17
46 years$2,911$1,690$938$504$264$15
47 years$2,817$1,613$882$465$240$12
48 years$2,726$1,540$828$430$218$10
49 years$2,640$1,470$779$397$198$9
50 years$2,558$1,405$732$367$180$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,620,000, adding $5,389 every year, while hoping to spend $34,047 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: 46/47/7 Blend
49$2,620,000$2,620,000$2,620,000$2,620,000
50$2,892,799$2,753,939$2,713,329$3,020,086
51$3,151,638$2,852,656$2,768,000$3,206,943
52$3,435,739$2,955,069$2,823,361$3,405,540
53$3,747,640$3,061,324$2,879,399$3,620,175
54$4,090,141$3,171,571$2,936,101$3,852,341
55$4,466,325$3,285,967$2,993,450$4,103,676
56$4,879,588$3,404,677$3,051,428$4,375,983
57$5,333,672$3,527,872$3,110,017$4,671,240
58$5,832,697$3,655,728$3,169,193$4,991,624
59$6,381,205$3,788,432$3,228,934$5,339,525
60$6,984,198$3,926,175$3,289,213$5,717,572
61$7,647,188$4,069,160$3,350,004$6,128,658
62$8,376,248$4,217,595$3,411,275$6,575,961
63$9,178,066$4,371,698$3,472,994$7,062,977
64$10,060,014$4,531,696$3,535,124$7,593,552
65$11,030,213$4,697,827$3,597,628$8,171,918
66$12,097,610$4,870,336$3,660,465$8,802,729
67$13,272,065$5,049,482$3,723,589$9,491,106
68$14,564,441$5,235,531$3,786,954$10,242,684
69$15,986,705$5,428,763$3,850,509$11,063,666
70$17,552,046$5,629,470$3,914,198$11,960,874
71$19,274,995$5,837,954$3,977,963$12,941,822
72$21,171,562$6,054,532$4,041,743$14,014,777
73$23,259,391$6,279,533$4,105,471$15,188,840
74$25,557,921$6,513,302$4,169,076$16,474,031
75$28,088,572$6,756,197$4,232,484$17,881,379
76$30,874,947$7,008,592$4,295,613$19,423,027
77$33,943,055$7,270,876$4,358,379$21,112,346
78$37,321,554$7,543,456$4,420,692$22,964,058
79$41,042,024$7,826,757$4,482,457$24,994,373
80$45,139,262$8,121,220$4,543,571$27,221,142
81$49,651,614$8,427,307$4,603,927$29,664,023
82$54,621,332$8,745,498$4,663,412$32,344,663
83$60,094,977$9,076,296$4,721,905$35,286,904
84$66,123,855$9,420,225$4,779,280$38,517,003
85$72,764,503$9,777,831$4,835,400$42,063,881
86$80,079,222$10,149,684$4,890,126$45,959,388
87$88,136,663$10,536,379$4,943,305$50,238,610
88$97,012,478$10,938,537$4,994,782$54,940,191
89$106,790,031$11,356,806$5,044,387$60,106,696
90$117,561,187$11,791,862$5,091,947$65,785,014
91$129,427,175$12,244,411$5,137,275$72,026,797
92$142,499,549$12,715,189$5,180,175$78,888,941
93$156,901,236$13,204,966$5,220,443$86,434,126
94$172,767,696$13,714,543$5,257,862$94,731,400
95$190,248,205$14,244,760$5,292,205$103,856,830
96$209,507,260$14,796,491$5,323,231$113,894,217
97$230,726,130$15,370,649$5,350,690$124,935,884
98$254,104,574$15,968,189$5,374,316$137,083,542
99$279,862,716$16,590,106$5,393,831$150,449,250
100$308,243,132$17,237,440$5,408,944$165,156,465