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

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$231,221$229,162$227,152$225,191$223,276$215,697
2 years$114,466$112,334$110,268$108,265$106,322$98,763
3 years$75,553$73,412$71,351$69,366$67,455$60,152
4 years$56,100$53,965$51,925$49,975$48,109$41,119
5 years$44,431$42,309$40,296$38,385$36,572$29,913
6 years$36,655$34,549$32,565$30,697$28,938$22,615
7 years$31,102$29,014$27,062$25,238$23,535$17,547
8 years$26,940$24,870$22,951$21,171$19,524$13,867
9 years$23,704$21,654$19,767$18,033$16,442$11,109
10 years$21,117$19,087$17,234$15,545$14,010$8,991
11 years$19,001$16,992$15,172$13,529$12,049$7,336
12 years$17,240$15,251$13,465$11,866$10,441$6,023
13 years$15,750$13,783$12,030$10,476$9,105$4,970
14 years$14,475$12,528$10,809$9,300$7,981$4,117
15 years$13,370$11,445$9,759$8,294$7,027$3,422
16 years$12,405$10,500$8,848$7,426$6,211$2,852
17 years$11,554$9,670$8,051$6,672$5,507$2,382
18 years$10,799$8,936$7,350$6,013$4,896$1,993
19 years$10,123$8,282$6,728$5,433$4,364$1,671
20 years$9,516$7,696$6,175$4,921$3,898$1,402
21 years$8,968$7,168$5,680$4,466$3,489$1,178
22 years$8,470$6,691$5,235$4,061$3,127$990
23 years$8,016$6,258$4,833$3,698$2,807$833
24 years$7,601$5,864$4,470$3,373$2,523$701
25 years$7,219$5,503$4,140$3,080$2,270$591
26 years$6,867$5,172$3,840$2,816$2,045$498
27 years$6,542$4,867$3,566$2,578$1,844$420
28 years$6,241$4,586$3,315$2,362$1,664$354
29 years$5,961$4,327$3,085$2,166$1,502$298
30 years$5,700$4,086$2,873$1,988$1,357$252
31 years$5,456$3,863$2,679$1,826$1,227$212
32 years$5,228$3,655$2,499$1,678$1,110$179
33 years$5,014$3,461$2,334$1,543$1,005$151
34 years$4,814$3,280$2,180$1,420$910$128
35 years$4,625$3,111$2,038$1,307$824$108
36 years$4,447$2,953$1,907$1,204$746$91
37 years$4,279$2,805$1,785$1,109$677$77
38 years$4,120$2,666$1,671$1,022$613$65
39 years$3,970$2,535$1,566$942$556$55
40 years$3,828$2,412$1,468$869$504$46
41 years$3,693$2,296$1,376$802$458$39
42 years$3,565$2,186$1,291$740$415$33
43 years$3,443$2,083$1,211$683$377$28
44 years$3,327$1,986$1,137$631$342$24
45 years$3,216$1,893$1,068$583$311$20
46 years$3,111$1,806$1,003$538$282$17
47 years$3,010$1,724$942$497$256$14
48 years$2,914$1,646$885$459$233$12
49 years$2,822$1,571$832$425$211$10
50 years$2,734$1,501$782$392$192$9

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 $6,000 every year, while hoping to spend $24,084 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: 44/34/22 Blend
49$2,800,000$2,800,000$2,800,000$2,800,000
50$3,091,789$2,943,389$2,899,989$3,207,880
51$3,381,526$3,061,990$2,971,513$3,409,123
52$3,700,010$3,185,595$3,044,627$3,624,313
53$4,050,146$3,314,424$3,119,357$3,857,084
54$4,435,137$3,448,707$3,195,731$4,109,076
55$4,858,511$3,588,684$3,273,779$4,382,093
56$5,324,155$3,734,606$3,353,527$4,678,114
57$5,836,353$3,886,735$3,435,004$4,999,318
58$6,399,823$4,045,347$3,518,238$5,348,095
59$7,019,763$4,210,728$3,603,257$5,727,077
60$7,701,903$4,383,178$3,690,091$6,139,153
61$8,452,554$4,563,010$3,778,766$6,587,504
62$9,278,671$4,750,554$3,869,311$7,075,624
63$10,187,917$4,946,152$3,961,754$7,607,358
64$11,188,734$5,150,164$4,056,122$8,186,934
65$12,290,427$5,362,963$4,152,444$8,819,004
66$13,503,246$5,584,944$4,250,747$9,508,684
67$14,838,487$5,816,517$4,351,057$10,261,605
68$16,308,598$6,058,111$4,453,402$11,083,960
69$17,927,292$6,310,175$4,557,808$11,982,567
70$19,709,682$6,573,180$4,664,301$12,964,926
71$21,672,420$6,847,617$4,772,906$14,039,294
72$23,833,858$7,134,001$4,883,649$15,214,756
73$26,214,213$7,432,869$4,996,553$16,501,315
74$28,835,768$7,744,785$5,111,643$17,909,980
75$31,723,074$8,070,337$5,228,941$19,452,872
76$34,903,186$8,410,142$5,348,469$21,143,334
77$38,405,917$8,764,845$5,470,249$22,996,056
78$42,264,119$9,135,120$5,594,300$25,027,213
79$46,513,992$9,521,674$5,720,642$27,254,615
80$51,195,429$9,925,246$5,849,293$29,697,872
81$56,352,388$10,346,608$5,980,270$32,378,578
82$62,033,310$10,786,571$6,113,588$35,320,514
83$68,291,575$11,245,980$6,249,260$38,549,868
84$75,186,005$11,725,723$6,387,300$42,095,481
85$82,781,421$12,226,727$6,527,718$45,989,116
86$91,149,253$12,749,963$6,670,523$50,265,757
87$100,368,213$13,296,448$6,815,722$54,963,934
88$110,525,042$13,867,245$6,963,320$60,126,087
89$121,715,324$14,463,468$7,113,320$65,798,961
90$134,044,393$15,086,283$7,265,721$72,034,045
91$147,628,320$15,736,911$7,420,522$78,888,056
92$162,595,017$16,416,628$7,577,718$86,423,470
93$179,085,439$17,126,772$7,737,301$94,709,109
94$197,254,914$17,868,744$7,899,261$103,820,785
95$217,274,612$18,644,010$8,063,584$113,842,015
96$239,333,160$19,454,104$8,230,251$124,864,805
97$263,638,421$20,300,634$8,399,243$136,990,512
98$290,419,457$21,185,281$8,570,535$150,330,797
99$319,928,691$22,109,809$8,744,097$165,008,678
100$352,444,289$23,076,062$8,919,896$181,159,684