Can I retire at age 50 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$224,615$222,614$220,662$218,757$216,897$215,983
2 years$111,196$109,125$107,118$105,172$103,284$102,361
3 years$73,394$71,314$69,312$67,384$65,528$64,625
4 years$54,497$52,423$50,442$48,547$46,735$45,859
5 years$43,162$41,101$39,145$37,289$35,527$34,680
6 years$35,607$33,562$31,635$29,820$28,111$27,295
7 years$30,213$28,185$26,289$24,517$22,862$22,077
8 years$26,170$24,160$22,295$20,566$18,966$18,212
9 years$23,027$21,035$19,203$17,518$15,972$15,249
10 years$20,513$18,542$16,741$15,101$13,609$12,916
11 years$18,458$16,507$14,739$13,142$11,704$11,041
12 years$16,747$14,815$13,080$11,527$10,143$9,509
13 years$15,300$13,389$11,686$10,177$8,845$8,240
14 years$14,061$12,170$10,500$9,034$7,753$7,177
15 years$12,988$11,118$9,480$8,057$6,827$6,278
16 years$12,051$10,200$8,595$7,214$6,033$5,511
17 years$11,224$9,394$7,821$6,482$5,350$4,853
18 years$10,490$8,680$7,140$5,841$4,757$4,286
19 years$9,834$8,045$6,536$5,278$4,240$3,793
20 years$9,244$7,476$5,999$4,780$3,787$3,364
21 years$8,712$6,963$5,518$4,338$3,389$2,989
22 years$8,228$6,500$5,085$3,945$3,038$2,659
23 years$7,787$6,079$4,695$3,592$2,727$2,370
24 years$7,383$5,696$4,342$3,277$2,451$2,114
25 years$7,013$5,345$4,022$2,992$2,205$1,888
26 years$6,671$5,024$3,730$2,736$1,987$1,687
27 years$6,355$4,728$3,464$2,504$1,791$1,510
28 years$6,062$4,455$3,220$2,295$1,616$1,351
29 years$5,790$4,203$2,997$2,104$1,459$1,211
30 years$5,537$3,969$2,791$1,931$1,319$1,085
31 years$5,300$3,752$2,602$1,774$1,192$973
32 years$5,079$3,550$2,428$1,630$1,078$873
33 years$4,871$3,362$2,267$1,499$976$784
34 years$4,676$3,187$2,118$1,379$884$704
35 years$4,493$3,023$1,980$1,270$800$632
36 years$4,320$2,869$1,852$1,169$725$568
37 years$4,157$2,725$1,734$1,077$657$511
38 years$4,003$2,589$1,624$993$596$459
39 years$3,857$2,462$1,521$916$540$413
40 years$3,719$2,343$1,426$844$490$371
41 years$3,588$2,230$1,337$779$445$334
42 years$3,463$2,124$1,254$719$403$300
43 years$3,345$2,024$1,177$664$366$270
44 years$3,232$1,929$1,105$613$332$243
45 years$3,124$1,839$1,037$566$302$219
46 years$3,022$1,755$974$523$274$197
47 years$2,924$1,674$915$483$249$177
48 years$2,831$1,599$860$446$226$160
49 years$2,741$1,526$808$412$205$144
50 years$2,656$1,458$760$381$186$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,720,000, adding $6,179 every year, while hoping to spend $49,868 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: 54/36/10 Blend
49$2,720,000$2,720,000$2,720,000$2,720,000
50$3,003,814$2,859,654$2,817,494$3,158,132
51$3,257,143$2,946,718$2,858,821$3,350,555
52$3,534,642$3,036,376$2,899,860$3,553,916
53$3,838,720$3,128,704$2,940,551$3,774,070
54$4,172,037$3,223,778$2,980,827$4,012,621
55$4,537,518$3,321,676$3,020,617$4,271,334
56$4,938,385$3,422,478$3,059,849$4,552,148
57$5,378,189$3,526,269$3,098,443$4,857,199
58$5,860,841$3,633,132$3,136,316$5,188,838
59$6,390,645$3,743,154$3,173,382$5,549,652
60$6,972,348$3,856,426$3,209,547$5,942,488
61$7,611,176$3,973,039$3,244,715$6,370,482
62$8,312,884$4,093,086$3,278,781$6,837,083
63$9,083,816$4,216,665$3,311,638$7,346,092
64$9,930,958$4,343,874$3,343,171$7,901,692
65$10,862,007$4,474,815$3,373,258$8,508,489
66$11,885,443$4,609,592$3,401,774$9,171,556
67$13,010,608$4,748,312$3,428,583$9,896,479
68$14,247,794$4,891,084$3,453,545$10,689,409
69$15,608,342$5,038,020$3,476,512$11,557,122
70$17,104,745$5,189,235$3,497,327$12,507,079
71$18,750,768$5,344,847$3,515,827$13,547,501
72$20,561,578$5,504,976$3,531,838$14,687,440
73$22,553,885$5,669,745$3,545,180$15,936,868
74$24,746,100$5,839,282$3,555,663$17,306,770
75$27,158,510$6,013,714$3,563,085$18,809,246
76$29,813,468$6,193,176$3,567,238$20,457,627
77$32,735,602$6,377,802$3,567,902$22,266,598
78$35,952,050$6,567,732$3,564,843$24,252,336
79$39,492,715$6,763,106$3,557,821$26,432,664
80$43,390,545$6,964,071$3,546,581$28,827,218
81$47,681,845$7,170,775$3,530,856$31,457,632
82$52,406,620$7,383,370$3,510,366$34,347,740
83$57,608,950$7,602,010$3,484,819$37,523,802
84$63,337,409$7,826,855$3,453,906$41,014,752
85$69,645,520$8,058,065$3,417,307$44,852,468
86$76,592,260$8,295,808$3,374,684$49,072,075
87$84,242,619$8,540,251$3,325,685$53,712,275
88$92,668,210$8,791,567$3,269,939$58,815,710
89$101,947,946$9,049,933$3,207,060$64,429,366
90$112,168,784$9,315,527$3,136,644$70,605,017
91$123,426,545$9,588,532$3,058,267$77,399,709
92$135,826,819$9,869,137$2,971,485$84,876,302
93$149,485,959$10,157,530$2,875,835$93,104,060
94$164,532,184$10,453,905$2,770,832$102,159,306
95$181,106,781$10,758,461$2,655,969$112,126,141
96$199,365,444$11,071,398$2,530,716$123,097,237
97$219,479,744$11,392,920$2,394,519$135,174,711
98$241,638,741$11,723,236$2,246,799$148,471,091
99$266,050,776$12,062,558$2,086,950$163,110,372
100$292,945,432$12,411,101$1,914,340$179,229,191