Can I retire at age 50 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$231,221$229,162$227,152$225,191$223,276$216,911
2 years$114,466$112,334$110,268$108,265$106,322$99,959
3 years$75,553$73,412$71,351$69,366$67,455$61,293
4 years$56,100$53,965$51,925$49,975$48,109$42,196
5 years$44,431$42,309$40,296$38,385$36,572$30,924
6 years$36,655$34,549$32,565$30,697$28,938$23,560
7 years$31,102$29,014$27,062$25,238$23,535$18,426
8 years$26,940$24,870$22,951$21,171$19,524$14,683
9 years$23,704$21,654$19,767$18,033$16,442$11,863
10 years$21,117$19,087$17,234$15,545$14,010$9,687
11 years$19,001$16,992$15,172$13,529$12,049$7,975
12 years$17,240$15,251$13,465$11,866$10,441$6,608
13 years$15,750$13,783$12,030$10,476$9,105$5,505
14 years$14,475$12,528$10,809$9,300$7,981$4,605
15 years$13,370$11,445$9,759$8,294$7,027$3,866
16 years$12,405$10,500$8,848$7,426$6,211$3,255
17 years$11,554$9,670$8,051$6,672$5,507$2,746
18 years$10,799$8,936$7,350$6,013$4,896$2,322
19 years$10,123$8,282$6,728$5,433$4,364$1,967
20 years$9,516$7,696$6,175$4,921$3,898$1,668
21 years$8,968$7,168$5,680$4,466$3,489$1,416
22 years$8,470$6,691$5,235$4,061$3,127$1,204
23 years$8,016$6,258$4,833$3,698$2,807$1,024
24 years$7,601$5,864$4,470$3,373$2,523$872
25 years$7,219$5,503$4,140$3,080$2,270$743
26 years$6,867$5,172$3,840$2,816$2,045$633
27 years$6,542$4,867$3,566$2,578$1,844$540
28 years$6,241$4,586$3,315$2,362$1,664$460
29 years$5,961$4,327$3,085$2,166$1,502$393
30 years$5,700$4,086$2,873$1,988$1,357$335
31 years$5,456$3,863$2,679$1,826$1,227$286
32 years$5,228$3,655$2,499$1,678$1,110$244
33 years$5,014$3,461$2,334$1,543$1,005$208
34 years$4,814$3,280$2,180$1,420$910$178
35 years$4,625$3,111$2,038$1,307$824$152
36 years$4,447$2,953$1,907$1,204$746$130
37 years$4,279$2,805$1,785$1,109$677$111
38 years$4,120$2,666$1,671$1,022$613$95
39 years$3,970$2,535$1,566$942$556$81
40 years$3,828$2,412$1,468$869$504$69
41 years$3,693$2,296$1,376$802$458$59
42 years$3,565$2,186$1,291$740$415$51
43 years$3,443$2,083$1,211$683$377$43
44 years$3,327$1,986$1,137$631$342$37
45 years$3,216$1,893$1,068$583$311$32
46 years$3,111$1,806$1,003$538$282$27
47 years$3,010$1,724$942$497$256$23
48 years$2,914$1,646$885$459$233$20
49 years$2,822$1,571$832$425$211$17
50 years$2,734$1,501$782$392$192$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,800,000, adding $4,116 every year, while hoping to spend $29,373 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: 75/16/9 Blend
49$2,800,000$2,800,000$2,800,000$2,800,000
50$3,089,846$2,941,446$2,898,046$3,316,641
51$3,373,757$3,054,324$2,963,878$3,579,463
52$3,685,643$3,171,749$3,030,930$3,863,269
53$4,028,326$3,293,912$3,099,214$4,173,440
54$4,404,916$3,421,013$3,168,738$4,512,582
55$4,818,837$3,553,263$3,239,510$4,883,562
56$5,273,863$3,690,877$3,311,538$5,289,535
57$5,774,153$3,834,086$3,384,830$5,733,978
58$6,324,286$3,983,126$3,459,392$6,220,717
59$6,929,309$4,138,245$3,535,228$6,753,965
60$7,594,784$4,299,704$3,612,343$7,338,362
61$8,326,835$4,467,773$3,690,740$7,979,017
62$9,132,213$4,642,735$3,770,420$8,681,556
63$10,018,355$4,824,885$3,851,386$9,452,177
64$10,993,455$5,014,532$3,933,635$10,297,703
65$12,066,542$5,211,999$4,017,167$11,225,650
66$13,247,564$5,417,622$4,101,976$12,244,298
67$14,547,483$5,631,753$4,188,060$13,362,765
68$15,978,377$5,854,759$4,275,410$14,591,094
69$17,553,554$6,087,024$4,364,019$15,940,349
70$19,287,678$6,328,950$4,453,875$17,422,715
71$21,196,908$6,580,956$4,544,967$19,051,619
72$23,299,050$6,843,480$4,637,281$20,841,847
73$25,613,721$7,116,979$4,730,798$22,809,691
74$28,162,542$7,401,932$4,825,500$24,973,096
75$30,969,333$7,698,838$4,921,366$27,351,834
76$34,060,344$8,008,220$5,018,372$29,967,686
77$37,464,501$8,330,625$5,116,489$32,844,647
78$41,213,677$8,666,623$5,215,688$36,009,154
79$45,342,994$9,016,810$5,315,936$39,490,334
80$49,891,156$9,381,810$5,417,196$43,320,275
81$54,900,811$9,762,275$5,519,429$47,534,332
82$60,418,954$10,158,887$5,622,590$52,171,458
83$66,497,372$10,572,358$5,726,632$57,274,571
84$73,193,134$11,003,433$5,831,504$62,890,956
85$80,569,124$11,452,891$5,937,150$69,072,714
86$88,694,638$11,921,547$6,043,508$75,877,251
87$97,646,041$12,410,252$6,150,515$83,367,818
88$107,507,480$12,919,897$6,258,100$91,614,105
89$118,371,684$13,451,413$6,366,188$100,692,904
90$130,340,837$14,005,774$6,474,697$110,688,826
91$143,527,545$14,583,999$6,583,542$121,695,102
92$158,055,893$15,187,154$6,692,629$133,814,459
93$174,062,622$15,816,352$6,801,859$147,160,091
94$191,698,415$16,472,759$6,911,127$161,856,726
95$211,129,323$17,157,594$7,020,320$178,041,797
96$232,538,330$17,872,132$7,129,317$195,866,745
97$256,127,082$18,617,709$7,237,991$215,498,441
98$282,117,786$19,395,718$7,346,206$237,120,763
99$310,755,313$20,207,621$7,453,816$260,936,328
100$342,309,505$21,054,945$7,560,669$287,168,402