Can I retire at age 50 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$230,396$228,343$226,341$224,387$222,479$216,573
2 years$114,057$111,933$109,874$107,878$105,942$100,034
3 years$75,283$73,149$71,096$69,119$67,214$61,488
4 years$55,899$53,773$51,740$49,796$47,938$42,437
5 years$44,272$42,158$40,152$38,248$36,441$31,182
6 years$36,524$34,425$32,449$30,587$28,835$23,822
7 years$30,991$28,910$26,965$25,148$23,450$18,684
8 years$26,843$24,782$22,869$21,096$19,454$14,932
9 years$23,619$21,577$19,697$17,969$16,383$12,101
10 years$21,041$19,019$17,172$15,489$13,960$9,912
11 years$18,933$16,931$15,118$13,480$12,006$8,186
12 years$17,178$15,197$13,417$11,824$10,404$6,806
13 years$15,694$13,733$11,987$10,439$9,072$5,689
14 years$14,423$12,483$10,770$9,266$7,953$4,775
15 years$13,323$11,404$9,724$8,264$7,002$4,023
16 years$12,361$10,463$8,816$7,400$6,189$3,399
17 years$11,513$9,636$8,023$6,648$5,487$2,879
18 years$10,760$8,904$7,324$5,992$4,879$2,443
19 years$10,087$8,252$6,704$5,414$4,349$2,077
20 years$9,482$7,668$6,153$4,903$3,884$1,768
21 years$8,936$7,143$5,660$4,450$3,476$1,507
22 years$8,440$6,667$5,216$4,046$3,116$1,286
23 years$7,987$6,236$4,816$3,685$2,797$1,098
24 years$7,573$5,843$4,454$3,361$2,514$939
25 years$7,193$5,483$4,125$3,069$2,262$803
26 years$6,843$5,153$3,826$2,806$2,038$687
27 years$6,519$4,850$3,553$2,569$1,837$588
28 years$6,218$4,570$3,303$2,354$1,658$504
29 years$5,939$4,311$3,074$2,158$1,497$431
30 years$5,679$4,071$2,863$1,981$1,353$370
31 years$5,436$3,849$2,669$1,819$1,223$317
32 years$5,209$3,642$2,490$1,672$1,106$272
33 years$4,996$3,449$2,325$1,537$1,001$233
34 years$4,797$3,269$2,173$1,415$906$200
35 years$4,608$3,100$2,031$1,302$821$171
36 years$4,431$2,943$1,900$1,199$744$147
37 years$4,264$2,795$1,778$1,105$674$126
38 years$4,106$2,656$1,665$1,018$611$108
39 years$3,956$2,526$1,560$939$554$93
40 years$3,814$2,403$1,463$866$503$80
41 years$3,680$2,287$1,371$799$456$68
42 years$3,552$2,178$1,286$738$414$59
43 years$3,431$2,076$1,207$681$376$50
44 years$3,315$1,978$1,133$629$341$43
45 years$3,205$1,887$1,064$581$309$37
46 years$3,100$1,800$999$536$281$32
47 years$2,999$1,718$939$495$255$27
48 years$2,903$1,640$882$458$232$23
49 years$2,812$1,566$829$423$210$20
50 years$2,724$1,496$780$391$191$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,790,000, adding $3,549 every year, while hoping to spend $23,640 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: 79/6/15 Blend
49$2,790,000$2,790,000$2,790,000$2,790,000
50$3,078,241$2,930,371$2,887,126$3,311,545
51$3,367,069$3,048,806$2,958,692$3,584,093
52$3,684,564$3,172,253$3,031,863$3,879,682
53$4,033,628$3,300,931$3,106,668$4,203,337
54$4,417,452$3,435,071$3,183,136$4,557,859
55$4,839,558$3,574,914$3,261,296$4,946,331
56$5,303,821$3,720,713$3,341,177$5,372,149
57$5,814,513$3,872,731$3,422,810$5,839,052
58$6,376,342$4,031,243$3,506,222$6,351,162
59$6,994,493$4,196,538$3,591,445$6,913,014
60$7,674,680$4,368,918$3,678,507$7,529,607
61$8,423,198$4,548,696$3,767,438$8,206,447
62$9,246,986$4,736,203$3,858,268$8,949,598
63$10,153,684$4,931,783$3,951,027$9,765,740
64$11,151,717$5,135,797$4,045,743$10,662,233
65$12,250,363$5,348,622$4,142,446$11,647,185
66$13,459,848$5,570,653$4,241,166$12,729,525
67$14,791,439$5,802,301$4,341,932$13,919,094
68$16,257,551$6,043,999$4,444,771$15,226,732
69$17,871,864$6,296,197$4,549,714$16,664,382
70$19,649,452$6,559,369$4,656,787$18,245,200
71$21,606,926$6,834,008$4,766,019$19,983,683
72$23,762,588$7,120,631$4,877,437$21,895,803
73$26,136,609$7,419,778$4,991,068$23,999,157
74$28,751,213$7,732,016$5,106,938$26,313,132
75$31,630,888$8,057,938$5,225,073$28,859,091
76$34,802,624$8,398,161$5,345,497$31,660,570
77$38,296,155$8,753,335$5,468,235$34,743,503
78$42,144,252$9,124,138$5,593,311$38,136,465
79$46,383,025$9,511,279$5,720,745$41,870,940
80$51,052,264$9,915,503$5,850,561$45,981,620
81$56,195,819$10,337,586$5,982,778$50,506,731
82$61,862,006$10,778,341$6,117,415$55,488,392
83$68,104,073$11,238,622$6,254,491$60,973,013
84$74,980,693$11,719,319$6,394,021$67,011,736
85$82,556,523$12,221,365$6,536,020$73,660,910
86$90,902,813$12,745,737$6,680,502$80,982,627
87$100,098,080$13,293,458$6,827,478$89,045,308
88$110,228,843$13,865,597$6,976,958$97,924,346
89$121,390,449$14,463,274$7,128,949$107,702,818
90$133,687,963$15,087,663$7,283,458$118,472,268
91$147,237,168$15,739,992$7,440,487$130,333,571
92$162,165,653$16,421,545$7,600,036$143,397,885
93$178,614,017$17,133,668$7,762,105$157,787,697
94$196,737,199$17,877,771$7,926,688$173,637,984
95$216,705,940$18,655,328$8,093,779$191,097,479
96$238,708,391$19,467,884$8,263,365$210,330,080
97$262,951,893$20,317,056$8,435,434$231,516,393
98$289,664,932$21,204,538$8,609,967$254,855,438
99$319,099,298$22,132,103$8,786,944$280,566,526
100$351,532,458$23,101,608$8,966,338$308,891,329