Can I retire at age 50 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$223,789$221,796$219,851$217,953$216,099$208,931
2 years$110,787$108,723$106,724$104,785$102,904$95,752
3 years$73,124$71,052$69,057$67,137$65,287$58,375
4 years$54,297$52,231$50,256$48,368$46,563$39,945
5 years$43,003$40,950$39,001$37,151$35,397$29,089
6 years$35,476$33,438$31,518$29,710$28,008$22,017
7 years$30,102$28,081$26,192$24,426$22,778$17,102
8 years$26,074$24,071$22,213$20,491$18,897$13,532
9 years$22,942$20,958$19,132$17,454$15,914$10,853
10 years$20,438$18,474$16,680$15,045$13,559$8,796
11 years$18,391$16,446$14,684$13,094$11,661$7,185
12 years$16,686$14,761$13,032$11,485$10,106$5,907
13 years$15,244$13,340$11,643$10,140$8,812$4,881
14 years$14,010$12,125$10,462$9,001$7,725$4,049
15 years$12,941$11,077$9,445$8,027$6,801$3,371
16 years$12,006$10,163$8,564$7,187$6,011$2,813
17 years$11,183$9,359$7,793$6,458$5,330$2,353
18 years$10,451$8,649$7,114$5,820$4,739$1,972
19 years$9,798$8,015$6,512$5,259$4,224$1,655
20 years$9,210$7,448$5,977$4,763$3,773$1,391
21 years$8,680$6,938$5,497$4,322$3,376$1,170
22 years$8,198$6,476$5,067$3,930$3,026$985
23 years$7,758$6,057$4,678$3,579$2,717$830
24 years$7,356$5,675$4,326$3,264$2,442$700
25 years$6,987$5,326$4,007$2,981$2,197$591
26 years$6,646$5,005$3,716$2,726$1,979$499
27 years$6,332$4,711$3,451$2,495$1,784$421
28 years$6,040$4,439$3,208$2,286$1,610$355
29 years$5,769$4,187$2,985$2,096$1,454$300
30 years$5,516$3,955$2,781$1,924$1,314$254
31 years$5,281$3,738$2,593$1,767$1,188$214
32 years$5,060$3,537$2,419$1,624$1,074$181
33 years$4,853$3,350$2,259$1,493$972$153
34 years$4,659$3,175$2,110$1,374$880$130
35 years$4,476$3,011$1,973$1,265$797$110
36 years$4,304$2,858$1,846$1,165$722$93
37 years$4,142$2,715$1,727$1,073$655$78
38 years$3,988$2,580$1,618$989$594$66
39 years$3,843$2,453$1,516$912$538$56
40 years$3,705$2,334$1,421$841$488$47
41 years$3,574$2,222$1,332$776$443$40
42 years$3,450$2,116$1,250$716$402$34
43 years$3,332$2,016$1,172$661$365$29
44 years$3,220$1,922$1,101$611$331$24
45 years$3,113$1,833$1,033$564$301$21
46 years$3,011$1,748$971$521$273$17
47 years$2,913$1,668$912$481$248$15
48 years$2,820$1,593$857$445$225$12
49 years$2,731$1,521$805$411$204$11
50 years$2,646$1,453$757$380$186$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,710,000, adding $2,390 every year, while hoping to spend $28,586 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: 51/35/14 Blend
49$2,710,000$2,710,000$2,710,000$2,710,000
50$2,988,885$2,845,255$2,803,250$3,129,869
51$3,263,336$2,954,258$2,866,744$3,335,752
52$3,564,823$3,067,643$2,931,406$3,556,249
53$3,896,074$3,185,596$2,997,247$3,795,325
54$4,260,092$3,308,309$3,064,274$4,054,738
55$4,660,189$3,435,983$3,132,494$4,336,424
56$5,100,011$3,568,829$3,201,916$4,642,512
57$5,583,576$3,707,066$3,272,544$4,975,341
58$6,115,311$3,850,922$3,344,384$5,337,483
59$6,700,092$4,000,637$3,417,441$5,731,769
60$7,343,294$4,156,460$3,491,717$6,161,309
61$8,050,835$4,318,652$3,567,215$6,629,527
62$8,829,239$4,487,485$3,643,935$7,140,190
63$9,685,692$4,663,243$3,721,878$7,697,440
64$10,628,114$4,846,223$3,801,042$8,305,838
65$11,665,229$5,036,735$3,881,424$8,970,400
66$12,806,650$5,235,103$3,963,020$9,696,648
67$14,062,971$5,441,666$4,045,824$10,490,659
68$15,445,863$5,656,776$4,129,828$11,359,120
69$16,968,187$5,880,804$4,215,023$12,309,395
70$18,644,114$6,114,135$4,301,398$13,349,588
71$20,489,258$6,357,172$4,388,939$14,488,621
72$22,520,825$6,610,336$4,477,631$15,736,316
73$24,757,774$6,874,068$4,567,457$17,103,488
74$27,220,997$7,148,827$4,658,396$18,602,044
75$29,933,513$7,435,094$4,750,427$20,245,096
76$32,920,689$7,733,371$4,843,524$22,047,080
77$36,210,476$8,044,183$4,937,659$24,023,895
78$39,833,676$8,368,080$5,032,802$26,193,049
79$43,824,229$8,705,633$5,128,919$28,573,823
80$48,219,535$9,057,444$5,225,973$31,187,452
81$53,060,807$9,424,139$5,323,922$34,057,322
82$58,393,460$9,806,372$5,422,724$37,209,191
83$64,267,538$10,204,829$5,522,330$40,671,431
84$70,738,186$10,620,225$5,622,688$44,475,289
85$77,866,175$11,053,310$5,723,741$48,655,187
86$85,718,468$11,504,866$5,825,430$53,249,038
87$94,368,859$11,975,711$5,927,689$58,298,607
88$103,898,663$12,466,701$6,030,447$63,849,898
89$114,397,489$12,978,732$6,133,629$69,953,593
90$125,964,082$13,512,739$6,237,155$76,665,519
91$138,707,255$14,069,700$6,340,937$84,047,180
92$152,746,920$14,650,640$6,444,883$92,166,329
93$168,215,214$15,256,629$6,548,895$101,097,610
94$185,257,749$15,888,788$6,652,866$110,923,256
95$204,034,987$16,548,286$6,756,685$121,733,864
96$224,723,753$17,236,349$6,860,231$133,629,246
97$247,518,905$17,954,260$6,963,378$146,719,369
98$272,635,173$18,703,357$7,065,990$161,125,386
99$300,309,183$19,485,045$7,167,924$176,980,783
100$330,801,698$20,300,790$7,269,027$194,432,629