Can I retire at age 50 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$232,047$229,980$227,964$225,995$224,073$217,074
2 years$114,875$112,735$110,662$108,652$106,702$99,713
3 years$75,822$73,674$71,606$69,614$67,696$60,936
4 years$56,300$54,158$52,111$50,153$48,281$41,802
5 years$44,590$42,461$40,440$38,522$36,703$30,522
6 years$36,785$34,672$32,681$30,807$29,042$23,165
7 years$31,213$29,118$27,158$25,328$23,619$18,045
8 years$27,036$24,959$23,033$21,247$19,594$14,320
9 years$23,788$21,732$19,838$18,098$16,501$11,521
10 years$21,192$19,155$17,295$15,600$14,060$9,366
11 years$19,069$17,053$15,226$13,577$12,092$7,676
12 years$17,301$15,306$13,513$11,909$10,478$6,332
13 years$15,807$13,832$12,073$10,514$9,137$5,249
14 years$14,527$12,573$10,848$9,333$8,010$4,370
15 years$13,418$11,485$9,794$8,323$7,052$3,651
16 years$12,449$10,538$8,880$7,453$6,233$3,058
17 years$11,595$9,705$8,080$6,696$5,527$2,567
18 years$10,837$8,968$7,376$6,035$4,914$2,160
19 years$10,159$8,311$6,752$5,453$4,380$1,819
20 years$9,550$7,723$6,197$4,938$3,912$1,535
21 years$9,000$7,194$5,700$4,482$3,501$1,296
22 years$8,500$6,715$5,254$4,075$3,138$1,096
23 years$8,045$6,281$4,851$3,711$2,817$927
24 years$7,628$5,884$4,486$3,385$2,532$785
25 years$7,245$5,522$4,155$3,091$2,278$665
26 years$6,892$5,190$3,854$2,827$2,052$563
27 years$6,565$4,884$3,578$2,587$1,850$478
28 years$6,263$4,603$3,327$2,370$1,670$405
29 years$5,982$4,342$3,096$2,174$1,508$344
30 years$5,720$4,101$2,883$1,995$1,362$291
31 years$5,475$3,876$2,688$1,832$1,232$247
32 years$5,247$3,668$2,508$1,684$1,114$210
33 years$5,032$3,474$2,342$1,548$1,008$178
34 years$4,831$3,292$2,188$1,425$913$151
35 years$4,641$3,123$2,046$1,312$827$128
36 years$4,463$2,964$1,914$1,208$749$109
37 years$4,294$2,815$1,791$1,113$679$93
38 years$4,135$2,675$1,677$1,026$616$79
39 years$3,985$2,544$1,572$946$558$67
40 years$3,842$2,420$1,473$872$506$57
41 years$3,706$2,304$1,381$805$459$48
42 years$3,578$2,194$1,296$743$417$41
43 years$3,455$2,090$1,216$686$378$35
44 years$3,339$1,993$1,141$633$343$30
45 years$3,228$1,900$1,072$585$312$25
46 years$3,122$1,813$1,006$540$283$21
47 years$3,021$1,730$946$499$257$18
48 years$2,924$1,651$889$461$233$15
49 years$2,832$1,577$835$426$212$13
50 years$2,744$1,506$785$394$193$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,810,000, adding $2,083 every year, while hoping to spend $57,962 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: 60/18/22 Blend
49$2,810,000$2,810,000$2,810,000$2,810,000
50$3,098,769$2,949,839$2,906,284$3,266,530
51$3,353,172$3,032,710$2,941,973$3,463,443
52$3,631,582$3,117,699$2,976,915$3,671,670
53$3,936,385$3,204,848$3,011,024$3,897,572
54$4,270,212$3,294,201$3,044,209$4,142,875
55$4,635,957$3,385,801$3,076,374$4,409,480
56$5,036,809$3,479,689$3,107,416$4,699,480
57$5,476,279$3,575,909$3,137,230$5,015,180
58$5,958,235$3,674,505$3,165,703$5,359,121
59$6,486,937$3,775,517$3,192,716$5,734,101
60$7,067,077$3,878,990$3,218,145$6,143,201
61$7,703,824$3,984,965$3,241,857$6,589,818
62$8,402,869$4,093,483$3,263,714$7,077,692
63$9,170,484$4,204,587$3,283,571$7,610,944
64$10,013,578$4,318,316$3,301,275$8,194,116
65$10,939,760$4,434,710$3,316,665$8,832,209
66$11,957,413$4,553,809$3,329,571$9,530,736
67$13,075,774$4,675,650$3,339,816$10,295,771
68$14,305,017$4,800,271$3,347,214$11,134,006
69$15,656,351$4,927,707$3,351,568$12,052,816
70$17,142,126$5,057,992$3,352,673$13,060,325
71$18,775,949$5,191,159$3,350,314$14,165,487
72$20,572,809$5,327,239$3,344,262$15,378,170
73$22,549,222$5,466,261$3,334,283$16,709,244
74$24,723,387$5,608,252$3,320,125$18,170,690
75$27,115,352$5,753,236$3,301,529$19,775,712
76$29,747,208$5,901,234$3,278,220$21,538,857
77$32,643,295$6,052,267$3,249,912$23,476,158
78$35,830,432$6,206,349$3,216,305$25,605,282
79$39,338,169$6,363,493$3,177,084$27,945,700
80$43,199,066$6,523,707$3,131,920$30,518,865
81$47,448,999$6,686,997$3,080,467$33,348,424
82$52,127,499$6,853,362$3,022,365$36,460,432
83$57,278,125$7,022,798$2,957,236$39,883,604
84$62,948,874$7,195,296$2,884,684$43,649,584
85$69,192,634$7,370,840$2,804,296$47,793,244
86$76,067,681$7,549,410$2,715,638$52,353,016
87$83,638,231$7,730,977$2,618,258$57,371,251
88$91,975,044$7,915,508$2,511,683$62,894,622
89$101,156,091$8,102,961$2,395,417$68,974,564
90$111,267,293$8,293,286$2,268,944$75,667,760
91$122,403,325$8,486,426$2,131,722$83,036,677
92$134,668,516$8,682,313$1,983,187$91,150,156
93$148,177,828$8,880,869$1,822,747$100,084,062
94$163,057,944$9,082,009$1,649,786$109,922,000
95$179,448,459$9,285,632$1,463,659$120,756,108
96$197,503,203$9,491,630$1,263,692$132,687,923
97$217,391,687$9,699,877$1,049,184$145,829,344
98$239,300,707$9,910,238$819,399$160,303,688
99$263,436,100$10,122,562$573,570$176,246,853
100$290,024,696$10,336,681$310,898$193,808,605