Can I retire at age 50 with 2,780,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$229,570$227,525$225,530$223,583$221,681$216,939
2 years$113,648$111,532$109,481$107,492$105,562$100,808
3 years$75,013$72,887$70,841$68,871$66,973$62,355
4 years$55,699$53,580$51,554$49,618$47,766$43,319
5 years$44,114$42,007$40,008$38,111$36,311$32,048
6 years$36,393$34,302$32,333$30,478$28,732$24,658
7 years$30,880$28,807$26,869$25,057$23,366$19,482
8 years$26,747$24,693$22,787$21,020$19,385$15,688
9 years$23,534$21,500$19,626$17,904$16,325$12,814
10 years$20,966$18,951$17,110$15,434$13,909$10,581
11 years$18,866$16,871$15,064$13,432$11,963$8,812
12 years$17,117$15,142$13,369$11,782$10,367$7,389
13 years$15,638$13,684$11,944$10,401$9,040$6,229
14 years$14,372$12,439$10,732$9,233$7,924$5,276
15 years$13,275$11,363$9,689$8,234$6,977$4,485
16 years$12,316$10,425$8,785$7,373$6,166$3,825
17 years$11,472$9,601$7,994$6,625$5,468$3,270
18 years$10,721$8,872$7,297$5,970$4,862$2,802
19 years$10,051$8,222$6,680$5,395$4,333$2,405
20 years$9,448$7,641$6,131$4,886$3,870$2,068
21 years$8,904$7,117$5,639$4,434$3,464$1,780
22 years$8,409$6,643$5,197$4,032$3,105$1,535
23 years$7,959$6,213$4,799$3,672$2,787$1,324
24 years$7,546$5,822$4,438$3,349$2,505$1,143
25 years$7,167$5,463$4,111$3,058$2,254$988
26 years$6,818$5,135$3,812$2,796$2,030$854
27 years$6,495$4,832$3,540$2,560$1,831$739
28 years$6,196$4,553$3,291$2,345$1,652$640
29 years$5,918$4,296$3,063$2,151$1,491$554
30 years$5,659$4,057$2,853$1,974$1,348$480
31 years$5,417$3,835$2,659$1,813$1,218$416
32 years$5,191$3,629$2,481$1,666$1,102$360
33 years$4,979$3,436$2,317$1,532$997$312
34 years$4,779$3,257$2,165$1,409$903$271
35 years$4,592$3,089$2,024$1,298$818$235
36 years$4,415$2,932$1,893$1,195$741$203
37 years$4,249$2,785$1,772$1,101$672$177
38 years$4,091$2,647$1,659$1,015$609$153
39 years$3,942$2,517$1,555$936$552$133
40 years$3,801$2,394$1,457$863$501$115
41 years$3,667$2,279$1,366$796$454$100
42 years$3,539$2,171$1,282$735$412$87
43 years$3,418$2,068$1,203$678$374$75
44 years$3,303$1,971$1,129$626$340$65
45 years$3,193$1,880$1,060$578$308$57
46 years$3,088$1,793$996$534$280$49
47 years$2,989$1,711$935$494$254$43
48 years$2,893$1,634$879$456$231$37
49 years$2,802$1,560$826$422$210$32
50 years$2,714$1,490$777$390$190$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,780,000, adding $3,429 every year, while hoping to spend $24,691 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: 85/10/5 Blend
49$2,780,000$2,780,000$2,780,000$2,780,000
50$3,067,097$2,919,757$2,876,667$3,327,554
51$3,353,670$3,036,554$2,946,764$3,614,642
52$3,668,646$3,158,247$3,018,382$3,926,223
53$4,014,895$3,285,049$3,091,546$4,267,717
54$4,395,582$3,417,183$3,166,280$4,642,111
55$4,814,190$3,554,884$3,242,610$5,052,695
56$5,274,560$3,698,396$3,320,559$5,503,094
57$5,780,921$3,847,973$3,400,154$5,997,296
58$6,337,934$4,003,883$3,481,418$6,539,697
59$6,950,734$4,166,404$3,564,377$7,135,138
60$7,624,980$4,335,828$3,649,054$7,788,951
61$8,366,904$4,512,460$3,735,473$8,507,008
62$9,183,376$4,696,619$3,823,660$9,295,778
63$10,081,965$4,888,637$3,913,636$10,162,387
64$11,071,008$5,088,864$4,005,426$11,114,683
65$12,159,696$5,297,663$4,099,053$12,161,313
66$13,358,152$5,515,416$4,194,538$13,311,803
67$14,677,533$5,742,521$4,291,905$14,576,645
68$16,130,132$5,979,395$4,391,174$15,967,399
69$17,729,494$6,226,473$4,492,367$17,496,799
70$19,490,544$6,484,212$4,595,503$19,178,877
71$21,429,730$6,753,089$4,700,603$21,029,087
72$23,565,174$7,033,602$4,807,685$23,064,461
73$25,916,846$7,326,273$4,916,766$25,303,758
74$28,506,752$7,631,647$5,027,865$27,767,650
75$31,359,139$7,950,296$5,140,997$30,478,910
76$34,500,727$8,282,817$5,256,177$33,462,632
77$37,960,960$8,629,835$5,373,418$36,746,461
78$41,772,284$8,992,002$5,492,733$40,360,858
79$45,970,451$9,370,004$5,614,134$44,339,385
80$50,594,859$9,764,557$5,737,629$48,719,022
81$55,688,923$10,176,408$5,863,228$53,540,515
82$61,300,482$10,606,341$5,990,935$58,848,758
83$67,482,257$11,055,177$6,120,757$64,693,219
84$74,292,339$11,523,773$6,252,695$71,128,405
85$81,794,748$12,013,028$6,386,750$78,214,376
86$90,060,026$12,523,880$6,522,920$86,017,309
87$99,165,913$13,057,314$6,661,202$94,610,124
88$109,198,072$13,614,359$6,801,588$104,073,172
89$120,250,905$14,196,092$6,944,071$114,494,991
90$132,428,438$14,803,641$7,088,638$125,973,139
91$145,845,305$15,438,186$7,235,274$138,615,118
92$160,627,831$16,100,962$7,383,960$152,539,386
93$176,915,224$16,793,263$7,534,677$167,876,472
94$194,860,886$17,516,442$7,687,398$184,770,212
95$214,633,865$18,271,917$7,842,095$203,379,098
96$236,420,450$19,061,171$7,998,735$223,877,780
97$260,425,924$19,885,757$8,157,281$246,458,712
98$286,876,511$20,747,302$8,317,693$271,333,963
99$316,021,503$21,647,507$8,479,923$298,737,223
100$348,135,616$22,588,155$8,643,920$328,926,004