Can I retire at age 50 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$226,267$224,251$222,285$220,366$218,491$217,297
2 years$112,013$109,927$107,905$105,945$104,044$102,838
3 years$73,934$71,839$69,822$67,880$66,010$64,830
4 years$54,898$52,809$50,812$48,904$47,079$45,935
5 years$43,479$41,403$39,433$37,563$35,788$34,684
6 years$35,869$33,809$31,867$30,039$28,318$27,254
7 years$30,436$28,392$26,482$24,697$23,030$22,007
8 years$26,362$24,337$22,459$20,718$19,106$18,124
9 years$23,196$21,190$19,344$17,647$16,090$15,148
10 years$20,664$18,678$16,864$15,212$13,709$12,808
11 years$18,594$16,628$14,847$13,239$11,790$10,929
12 years$16,870$14,924$13,176$11,612$10,217$9,395
13 years$15,413$13,487$11,772$10,252$8,910$8,125
14 years$14,165$12,260$10,577$9,100$7,810$7,063
15 years$13,084$11,199$9,550$8,116$6,877$6,166
16 years$12,139$10,275$8,658$7,267$6,078$5,402
17 years$11,307$9,463$7,879$6,529$5,389$4,748
18 years$10,567$8,744$7,192$5,884$4,792$4,184
19 years$9,906$8,104$6,584$5,317$4,271$3,695
20 years$9,312$7,531$6,043$4,815$3,815$3,270
21 years$8,776$7,015$5,558$4,370$3,414$2,899
22 years$8,288$6,548$5,123$3,974$3,060$2,574
23 years$7,844$6,124$4,730$3,619$2,747$2,288
24 years$7,438$5,738$4,374$3,301$2,469$2,036
25 years$7,064$5,385$4,052$3,014$2,222$1,814
26 years$6,720$5,061$3,758$2,756$2,001$1,618
27 years$6,402$4,763$3,489$2,523$1,804$1,444
28 years$6,107$4,488$3,244$2,311$1,628$1,290
29 years$5,833$4,234$3,019$2,120$1,470$1,153
30 years$5,577$3,998$2,812$1,945$1,328$1,031
31 years$5,339$3,780$2,621$1,787$1,201$922
32 years$5,116$3,576$2,446$1,642$1,086$825
33 years$4,907$3,387$2,284$1,510$983$739
34 years$4,711$3,210$2,134$1,389$890$662
35 years$4,526$3,045$1,995$1,279$806$593
36 years$4,352$2,890$1,866$1,178$730$532
37 years$4,187$2,745$1,747$1,085$662$477
38 years$4,032$2,608$1,636$1,000$600$427
39 years$3,885$2,480$1,532$922$544$383
40 years$3,746$2,360$1,436$851$494$344
41 years$3,614$2,246$1,347$785$448$308
42 years$3,488$2,139$1,263$724$406$277
43 years$3,369$2,038$1,185$669$369$248
44 years$3,256$1,943$1,113$617$335$223
45 years$3,147$1,853$1,045$570$304$200
46 years$3,044$1,768$981$527$276$180
47 years$2,946$1,687$922$487$251$161
48 years$2,851$1,610$866$450$228$145
49 years$2,761$1,538$814$416$207$130
50 years$2,675$1,469$766$384$188$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,740,000, adding $5,291 every year, while hoping to spend $54,743 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: 25/45/30 Blend
49$2,740,000$2,740,000$2,740,000$2,740,000
50$3,024,938$2,879,718$2,837,248$3,072,115
51$3,275,235$2,962,578$2,874,049$3,195,266
52$3,549,228$3,047,663$2,910,249$3,322,245
53$3,849,276$3,135,025$2,945,769$3,457,270
54$4,177,977$3,224,716$2,980,527$3,601,054
55$4,538,191$3,316,788$3,014,435$3,754,385
56$4,933,070$3,411,294$3,047,402$3,918,127
57$5,366,085$3,508,288$3,079,331$4,093,232
58$5,841,056$3,607,826$3,110,120$4,280,746
59$6,362,196$3,709,961$3,139,661$4,481,823
60$6,934,140$3,814,749$3,167,840$4,697,732
61$7,561,997$3,922,246$3,194,537$4,929,867
62$8,251,393$4,032,509$3,219,626$5,179,769
63$9,008,527$4,145,594$3,242,976$5,449,129
64$9,840,227$4,261,558$3,264,446$5,739,813
65$10,754,014$4,380,459$3,283,889$6,053,875
66$11,758,175$4,502,353$3,301,151$6,393,577
67$12,861,839$4,627,298$3,316,069$6,761,411
68$14,075,063$4,755,353$3,328,474$7,160,122
69$15,408,928$4,886,573$3,338,186$7,592,734
70$16,875,640$5,021,017$3,345,017$8,062,580
71$18,488,650$5,158,741$3,348,770$8,573,331
72$20,262,775$5,299,802$3,349,236$9,129,031
73$22,214,341$5,444,255$3,346,199$9,734,138
74$24,361,338$5,592,157$3,339,430$10,393,563
75$26,723,583$5,743,562$3,328,690$11,112,718
76$29,322,916$5,898,524$3,313,728$11,897,568
77$32,183,396$6,057,094$3,294,281$12,754,683
78$35,331,536$6,219,326$3,270,073$13,691,308
79$38,796,548$6,385,268$3,240,816$14,715,425
80$42,610,618$6,554,968$3,206,205$15,835,829
81$46,809,214$6,728,474$3,165,926$17,062,217
82$51,431,414$6,905,830$3,119,645$18,405,272
83$56,520,279$7,087,077$3,067,014$19,876,770
84$62,123,260$7,272,255$3,007,671$21,489,691
85$68,292,638$7,461,402$2,941,234$23,258,336
86$75,086,026$7,654,550$2,867,304$25,198,472
87$82,566,908$7,851,729$2,785,466$27,327,472
88$90,805,236$8,052,967$2,695,282$29,664,487
89$99,878,093$8,258,285$2,596,297$32,230,622
90$109,870,419$8,467,702$2,488,034$35,049,140
91$120,875,812$8,681,230$2,369,993$38,145,678
92$132,997,412$8,898,878$2,241,655$41,548,493
93$146,348,871$9,120,646$2,102,474$45,288,729
94$161,055,430$9,346,531$1,951,881$49,400,713
95$177,255,095$9,576,523$1,789,280$53,922,275
96$195,099,945$9,810,602$1,614,050$58,895,112
97$214,757,561$10,048,743$1,425,543$64,365,179
98$236,412,613$10,290,912$1,223,079$70,383,128
99$260,268,598$10,537,066$1,005,951$77,004,782
100$286,549,763$10,787,150$773,419$84,291,668