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

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$230,396$228,343$226,341$224,387$222,479$216,486
2 years$114,057$111,933$109,874$107,878$105,942$99,947
3 years$75,283$73,149$71,096$69,119$67,214$61,405
4 years$55,899$53,773$51,740$49,796$47,938$42,358
5 years$44,272$42,158$40,152$38,248$36,441$31,108
6 years$36,524$34,425$32,449$30,587$28,835$23,752
7 years$30,991$28,910$26,965$25,148$23,450$18,619
8 years$26,843$24,782$22,869$21,096$19,454$14,871
9 years$23,619$21,577$19,697$17,969$16,383$12,044
10 years$21,041$19,019$17,172$15,489$13,960$9,859
11 years$18,933$16,931$15,118$13,480$12,006$8,138
12 years$17,178$15,197$13,417$11,824$10,404$6,761
13 years$15,694$13,733$11,987$10,439$9,072$5,647
14 years$14,423$12,483$10,770$9,266$7,953$4,737
15 years$13,323$11,404$9,724$8,264$7,002$3,988
16 years$12,361$10,463$8,816$7,400$6,189$3,367
17 years$11,513$9,636$8,023$6,648$5,487$2,850
18 years$10,760$8,904$7,324$5,992$4,879$2,417
19 years$10,087$8,252$6,704$5,414$4,349$2,053
20 years$9,482$7,668$6,153$4,903$3,884$1,747
21 years$8,936$7,143$5,660$4,450$3,476$1,488
22 years$8,440$6,667$5,216$4,046$3,116$1,268
23 years$7,987$6,236$4,816$3,685$2,797$1,082
24 years$7,573$5,843$4,454$3,361$2,514$924
25 years$7,193$5,483$4,125$3,069$2,262$790
26 years$6,843$5,153$3,826$2,806$2,038$675
27 years$6,519$4,850$3,553$2,569$1,837$578
28 years$6,218$4,570$3,303$2,354$1,658$494
29 years$5,939$4,311$3,074$2,158$1,497$423
30 years$5,679$4,071$2,863$1,981$1,353$362
31 years$5,436$3,849$2,669$1,819$1,223$310
32 years$5,209$3,642$2,490$1,672$1,106$266
33 years$4,996$3,449$2,325$1,537$1,001$228
34 years$4,797$3,269$2,173$1,415$906$195
35 years$4,608$3,100$2,031$1,302$821$167
36 years$4,431$2,943$1,900$1,199$744$143
37 years$4,264$2,795$1,778$1,105$674$123
38 years$4,106$2,656$1,665$1,018$611$105
39 years$3,956$2,526$1,560$939$554$90
40 years$3,814$2,403$1,463$866$503$77
41 years$3,680$2,287$1,371$799$456$66
42 years$3,552$2,178$1,286$738$414$57
43 years$3,431$2,076$1,207$681$376$49
44 years$3,315$1,978$1,133$629$341$42
45 years$3,205$1,887$1,064$581$309$36
46 years$3,100$1,800$999$536$281$31
47 years$2,999$1,718$939$495$255$26
48 years$2,903$1,640$882$458$232$23
49 years$2,812$1,566$829$423$210$19
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 $2,365 every year, while hoping to spend $48,262 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: 51/40/9 Blend
49$2,790,000$2,790,000$2,790,000$2,790,000
50$3,077,019$2,929,149$2,885,904$3,226,668
51$3,339,525$3,021,327$2,931,232$3,421,110
52$3,627,189$3,116,405$2,976,460$3,627,005
53$3,942,526$3,214,472$3,021,535$3,849,697
54$4,288,306$3,315,624$3,066,399$4,090,777
55$4,667,580$3,419,956$3,110,991$4,351,995
56$5,083,709$3,527,570$3,155,245$4,635,275
57$5,540,395$3,638,569$3,199,093$4,942,736
58$6,041,714$3,753,057$3,242,462$5,276,706
59$6,592,158$3,871,146$3,285,273$5,639,749
60$7,196,674$3,992,948$3,327,446$6,034,685
61$7,860,713$4,118,581$3,368,893$6,464,618
62$8,590,278$4,248,163$3,409,523$6,932,965
63$9,391,983$4,381,820$3,449,239$7,443,485
64$10,273,115$4,519,679$3,487,938$8,000,320
65$11,241,702$4,661,873$3,525,514$8,608,025
66$12,306,588$4,808,537$3,561,851$9,271,619
67$13,477,516$4,959,812$3,596,829$9,996,625
68$14,765,223$5,115,842$3,630,322$10,789,125
69$16,181,535$5,276,777$3,662,197$11,655,819
70$17,739,483$5,442,772$3,692,313$12,604,081
71$19,453,427$5,613,984$3,720,522$13,642,034
72$21,339,186$5,790,578$3,746,669$14,778,623
73$23,414,189$5,972,723$3,770,588$16,023,701
74$25,697,642$6,160,592$3,792,109$17,388,118
75$28,210,707$6,354,366$3,811,050$18,883,826
76$30,976,699$6,554,230$3,827,220$20,523,990
77$34,021,310$6,760,376$3,840,420$22,323,111
78$37,372,848$6,972,999$3,850,439$24,297,162
79$41,062,507$7,192,304$3,857,056$26,463,738
80$45,124,656$7,418,500$3,860,041$28,842,224
81$49,597,168$7,651,803$3,859,150$31,453,973
82$54,521,775$7,892,437$3,854,127$34,322,510
83$59,944,461$8,140,632$3,844,705$37,473,750
84$65,915,897$8,396,624$3,830,604$40,936,245
85$72,491,918$8,660,659$3,811,529$44,741,451
86$79,734,051$8,932,988$3,787,172$48,924,025
87$87,710,092$9,213,872$3,757,210$53,522,148
88$96,494,748$9,503,579$3,721,304$58,577,891
89$106,170,344$9,802,385$3,679,099$64,137,603
90$116,827,594$10,110,577$3,630,224$70,252,355
91$128,566,462$10,428,449$3,574,289$76,978,414
92$141,497,101$10,756,303$3,510,888$84,377,780
93$155,740,897$11,094,453$3,439,594$92,518,765
94$171,431,609$11,443,223$3,359,962$101,476,640
95$188,716,636$11,802,943$3,271,523$111,334,341
96$207,758,405$12,173,959$3,173,791$122,183,256
97$228,735,903$12,556,623$3,066,253$134,124,080
98$251,846,369$12,951,302$2,948,377$147,267,770
99$277,307,153$13,358,371$2,819,602$161,736,587
100$305,357,771$13,778,219$2,679,347$177,665,252