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 $5,843 every year, while hoping to spend $40,508 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: 52/29/19 Blend
49$2,670,000$2,670,000$2,670,000$2,670,000
50$2,948,367$2,806,857$2,765,472$3,086,004
51$3,206,000$2,901,293$2,815,015$3,275,712
52$3,488,554$2,998,998$2,864,860$3,477,238
53$3,798,529$3,100,091$2,914,975$3,695,562
54$4,138,676$3,204,693$2,965,324$3,932,294
55$4,512,028$3,312,930$3,015,869$4,189,202
56$4,921,925$3,424,933$3,066,571$4,468,231
57$5,372,046$3,540,840$3,117,386$4,771,523
58$5,866,444$3,660,791$3,168,268$5,101,435
59$6,409,584$3,784,932$3,219,167$5,460,560
60$7,006,384$3,913,416$3,270,032$5,851,753
61$7,662,263$4,046,401$3,320,806$6,278,156
62$8,383,191$4,184,052$3,371,430$6,743,228
63$9,175,743$4,326,537$3,421,839$7,250,777
64$10,047,166$4,474,035$3,471,968$7,804,996
65$11,005,442$4,626,727$3,521,744$8,410,501
66$12,059,367$4,784,807$3,571,092$9,072,375
67$13,218,630$4,948,470$3,619,931$9,796,217
68$14,493,908$5,117,922$3,668,176$10,588,189
69$15,896,964$5,293,378$3,715,738$11,455,080
70$17,440,759$5,475,058$3,762,520$12,404,366
71$19,139,573$5,663,193$3,808,421$13,444,281
72$21,009,143$5,858,022$3,853,336$14,583,894
73$23,066,804$6,059,794$3,897,152$15,833,193
74$25,331,661$6,268,767$3,939,749$17,203,180
75$27,824,762$6,485,209$3,981,003$18,705,976
76$30,569,302$6,709,398$4,020,781$20,354,929
77$33,590,837$6,941,625$4,058,943$22,164,746
78$36,917,528$7,182,190$4,095,343$24,151,626
79$40,580,405$7,431,406$4,129,826$26,333,417
80$44,613,659$7,689,598$4,162,229$28,729,779
81$49,054,969$7,957,105$4,192,379$31,362,372
82$53,945,849$8,234,276$4,220,098$34,255,056
83$59,332,049$8,521,479$4,245,194$37,434,123
84$65,263,977$8,819,091$4,267,468$40,928,536
85$71,797,185$9,127,509$4,286,710$44,770,206
86$78,992,883$9,447,141$4,302,699$48,994,290
87$86,918,522$9,778,416$4,315,205$53,639,527
88$95,648,429$10,121,777$4,323,982$58,748,596
89$105,264,511$10,477,685$4,328,777$64,368,522
90$115,857,020$10,846,621$4,329,321$70,551,120
91$127,525,415$11,229,084$4,325,332$77,353,477
92$140,379,291$11,625,594$4,316,515$84,838,499
93$154,539,422$12,036,690$4,302,560$93,075,496
94$170,138,890$12,462,936$4,283,144$102,140,839
95$187,324,353$12,904,916$4,257,925$112,118,678
96$206,257,419$13,363,239$4,226,547$123,101,739
97$227,116,176$13,838,538$4,188,637$135,192,191
98$250,096,872$14,331,472$4,143,802$148,502,616
99$275,415,766$14,842,728$4,091,633$163,157,070
100$303,311,172$15,373,019$4,031,700$179,292,247