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 $2,372 every year, while hoping to spend $41,620 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: 60/13/27 Blend
49$2,800,000$2,800,000$2,800,000$2,800,000
50$3,088,047$2,939,647$2,896,247$3,250,692
51$3,358,744$3,039,406$2,948,988$3,461,578
52$3,655,658$3,142,659$3,002,100$3,686,906
53$3,981,418$3,249,532$3,055,554$3,931,899
54$4,338,921$3,360,158$3,109,313$4,198,481
55$4,731,359$3,474,673$3,163,343$4,488,771
56$5,162,246$3,593,220$3,217,604$4,805,102
57$5,635,454$3,715,948$3,272,053$5,150,043
58$6,155,250$3,843,009$3,326,646$5,526,422
59$6,726,332$3,974,562$3,381,335$5,937,355
60$7,353,876$4,110,775$3,436,068$6,386,272
61$8,043,586$4,251,817$3,490,791$6,876,954
62$8,801,744$4,397,868$3,545,445$7,413,562
63$9,635,273$4,549,114$3,599,968$8,000,680
64$10,551,797$4,705,747$3,654,293$8,643,360
65$11,559,719$4,867,968$3,708,351$9,347,165
66$12,668,296$5,035,983$3,762,066$10,118,222
67$13,887,726$5,210,011$3,815,359$10,963,283
68$15,229,247$5,390,274$3,868,147$11,889,785
69$16,705,240$5,577,007$3,920,339$12,905,921
70$18,329,346$5,770,453$3,971,842$14,020,719
71$20,116,597$5,970,862$4,022,556$15,244,123
72$22,083,553$6,178,498$4,072,376$16,587,091
73$24,248,464$6,393,632$4,121,188$18,061,693
74$26,631,435$6,616,548$4,168,876$19,681,231
75$29,254,623$6,847,541$4,215,315$21,460,360
76$32,142,440$7,086,915$4,260,373$23,415,226
77$35,321,785$7,334,990$4,303,912$25,563,621
78$38,822,299$7,592,097$4,345,785$27,925,146
79$42,676,642$7,858,579$4,385,838$30,521,402
80$46,920,805$8,134,794$4,423,909$33,376,188
81$51,594,443$8,421,115$4,459,826$36,515,728
82$56,741,255$8,717,929$4,493,409$39,968,919
83$62,409,394$9,025,639$4,524,469$43,767,601
84$68,651,920$9,344,662$4,552,806$47,946,860
85$75,527,301$9,675,436$4,578,211$52,545,357
86$83,099,968$10,018,414$4,600,462$57,605,692
87$91,440,916$10,374,068$4,619,329$63,174,808
88$100,628,380$10,742,888$4,634,568$69,304,434
89$110,748,572$11,125,386$4,645,922$76,051,571
90$121,896,489$11,522,094$4,653,124$83,479,030
91$134,176,819$11,933,564$4,655,892$91,656,027
92$147,704,919$12,360,374$4,653,929$100,658,833
93$162,607,911$12,803,122$4,646,925$110,571,495
94$179,025,876$13,262,433$4,634,555$121,486,631
95$197,113,180$13,738,957$4,616,478$133,506,301
96$217,039,929$14,233,371$4,592,335$146,742,972
97$238,993,575$14,746,378$4,561,750$161,320,579
98$263,180,683$15,278,714$4,524,332$177,375,693
99$289,828,883$15,831,142$4,479,668$195,058,813
100$319,189,019$16,404,458$4,427,327$214,535,786