Can I retire at age 50 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$220,486$218,522$216,606$214,736$212,910$206,924
2 years$109,152$107,119$105,149$103,238$101,385$95,401
3 years$72,045$70,003$68,038$66,146$64,323$58,526
4 years$53,495$51,460$49,514$47,654$45,876$40,312
5 years$42,368$40,345$38,425$36,603$34,874$29,558
6 years$34,953$32,945$31,053$29,272$27,595$22,532
7 years$29,658$27,667$25,805$24,066$22,442$17,632
8 years$25,689$23,716$21,885$20,188$18,618$14,058
9 years$22,603$20,649$18,850$17,196$15,679$11,365
10 years$20,136$18,201$16,433$14,823$13,359$9,286
11 years$18,119$16,203$14,468$12,901$11,489$7,650
12 years$16,439$14,543$12,840$11,316$9,956$6,343
13 years$15,019$13,143$11,471$9,990$8,682$5,288
14 years$13,803$11,946$10,307$8,868$7,611$4,426
15 years$12,750$10,913$9,306$7,909$6,701$3,718
16 years$11,829$10,013$8,437$7,081$5,922$3,133
17 years$11,018$9,221$7,678$6,362$5,251$2,646
18 years$10,297$8,521$7,009$5,734$4,669$2,239
19 years$9,653$7,897$6,416$5,181$4,162$1,897
20 years$9,074$7,338$5,888$4,692$3,717$1,611
21 years$8,552$6,835$5,416$4,259$3,327$1,369
22 years$8,077$6,381$4,992$3,872$2,982$1,164
23 years$7,644$5,968$4,609$3,526$2,677$991
24 years$7,248$5,591$4,263$3,216$2,406$844
25 years$6,884$5,247$3,948$2,937$2,165$720
26 years$6,548$4,931$3,662$2,686$1,950$614
27 years$6,238$4,641$3,400$2,458$1,758$524
28 years$5,951$4,373$3,161$2,252$1,586$447
29 years$5,684$4,126$2,941$2,065$1,432$382
30 years$5,435$3,896$2,740$1,896$1,294$326
31 years$5,203$3,683$2,554$1,741$1,170$279
32 years$4,985$3,485$2,383$1,600$1,059$238
33 years$4,782$3,300$2,225$1,471$958$203
34 years$4,590$3,128$2,079$1,354$867$174
35 years$4,410$2,967$1,944$1,246$786$149
36 years$4,241$2,816$1,818$1,148$712$127
37 years$4,080$2,675$1,702$1,057$645$109
38 years$3,929$2,542$1,594$975$585$93
39 years$3,786$2,417$1,493$899$530$79
40 years$3,650$2,300$1,400$829$481$68
41 years$3,522$2,189$1,312$765$436$58
42 years$3,399$2,085$1,231$706$396$50
43 years$3,283$1,986$1,155$652$359$42
44 years$3,172$1,893$1,084$602$326$36
45 years$3,067$1,806$1,018$556$296$31
46 years$2,966$1,722$956$513$269$27
47 years$2,870$1,644$898$474$244$23
48 years$2,779$1,569$844$438$222$19
49 years$2,691$1,498$794$405$201$17
50 years$2,607$1,431$746$374$183$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,670,000, adding $5,570 every year, while hoping to spend $36,713 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: 56/33/11 Blend
49$2,670,000$2,670,000$2,670,000$2,670,000
50$2,948,085$2,806,575$2,765,190$3,104,793
51$3,209,728$2,905,035$2,818,762$3,309,881
52$3,496,827$3,007,089$2,872,898$3,528,633
53$3,811,942$3,112,875$2,927,578$3,766,030
54$4,157,888$3,222,534$2,982,780$4,023,858
55$4,537,771$3,336,217$3,038,482$4,304,081
56$4,955,009$3,454,077$3,094,656$4,608,860
57$5,413,369$3,576,275$3,151,276$4,940,572
58$5,916,999$3,702,979$3,208,310$5,301,831
59$6,470,470$3,834,362$3,265,726$5,695,515
60$7,078,819$3,970,606$3,323,488$6,124,791
61$7,747,592$4,111,900$3,381,559$6,593,143
62$8,482,903$4,258,439$3,439,897$7,104,407
63$9,291,484$4,410,428$3,498,459$7,662,803
64$10,180,755$4,568,079$3,557,197$8,272,980
65$11,158,891$4,731,614$3,616,062$8,940,051
66$12,234,897$4,901,262$3,674,999$9,669,650
67$13,418,696$5,077,263$3,733,952$10,467,975
68$14,721,222$5,259,868$3,792,858$11,341,854
69$16,154,520$5,449,335$3,851,652$12,298,804
70$17,731,865$5,645,936$3,910,266$13,347,101
71$19,467,881$5,849,953$3,968,626$14,495,861
72$21,378,682$6,061,678$4,026,652$15,755,121
73$23,482,025$6,281,418$4,084,263$17,135,934
74$25,797,475$6,509,490$4,141,368$18,650,476
75$28,346,589$6,746,227$4,197,876$20,312,154
76$31,153,123$6,991,974$4,253,687$22,135,736
77$34,243,252$7,247,091$4,308,695$24,137,490
78$37,645,818$7,511,952$4,362,791$26,335,330
79$41,392,602$7,786,949$4,415,856$28,748,993
80$45,518,627$8,072,489$4,467,766$31,400,218
81$50,062,481$8,368,995$4,518,390$34,312,951
82$55,066,689$8,676,911$4,567,591$37,513,572
83$60,578,107$8,996,695$4,615,221$41,031,141
84$66,648,371$9,328,830$4,661,128$44,897,671
85$73,334,377$9,673,815$4,705,148$49,148,431
86$80,698,824$10,032,173$4,747,111$53,822,273
87$88,810,801$10,404,446$4,786,836$58,962,003
88$97,746,442$10,791,203$4,824,135$64,614,779
89$107,589,642$11,193,035$4,858,806$70,832,557
90$118,432,849$11,610,558$4,890,640$77,672,578
91$130,377,939$12,044,415$4,919,416$85,197,909
92$143,537,175$12,495,277$4,944,902$93,478,036
93$158,034,263$12,963,842$4,966,853$102,589,516
94$174,005,529$13,450,841$4,985,013$112,616,700
95$191,601,193$13,957,033$4,999,112$123,652,528
96$210,986,800$14,483,212$5,008,867$135,799,401
97$232,344,770$15,030,206$5,013,980$149,170,148
98$255,876,129$15,598,878$5,014,141$163,889,090
99$281,802,400$16,190,130$5,009,021$180,093,209
100$310,367,699$16,804,900$4,998,277$197,933,439