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

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$232,047$229,980$227,964$225,995$224,073$218,302
2 years$114,875$112,735$110,662$108,652$106,702$100,926
3 years$75,822$73,674$71,606$69,614$67,696$62,096
4 years$56,300$54,158$52,111$50,153$48,281$42,900
5 years$44,590$42,461$40,440$38,522$36,703$31,555
6 years$36,785$34,672$32,681$30,807$29,042$24,133
7 years$31,213$29,118$27,158$25,328$23,619$18,950
8 years$27,036$24,959$23,033$21,247$19,594$15,162
9 years$23,788$21,732$19,838$18,098$16,501$12,302
10 years$21,192$19,155$17,295$15,600$14,060$10,089
11 years$19,069$17,053$15,226$13,577$12,092$8,344
12 years$17,301$15,306$13,513$11,909$10,478$6,946
13 years$15,807$13,832$12,073$10,514$9,137$5,813
14 years$14,527$12,573$10,848$9,333$8,010$4,887
15 years$13,418$11,485$9,794$8,323$7,052$4,122
16 years$12,449$10,538$8,880$7,453$6,233$3,488
17 years$11,595$9,705$8,080$6,696$5,527$2,959
18 years$10,837$8,968$7,376$6,035$4,914$2,515
19 years$10,159$8,311$6,752$5,453$4,380$2,141
20 years$9,550$7,723$6,197$4,938$3,912$1,825
21 years$9,000$7,194$5,700$4,482$3,501$1,558
22 years$8,500$6,715$5,254$4,075$3,138$1,332
23 years$8,045$6,281$4,851$3,711$2,817$1,139
24 years$7,628$5,884$4,486$3,385$2,532$975
25 years$7,245$5,522$4,155$3,091$2,278$835
26 years$6,892$5,190$3,854$2,827$2,052$716
27 years$6,565$4,884$3,578$2,587$1,850$614
28 years$6,263$4,603$3,327$2,370$1,670$526
29 years$5,982$4,342$3,096$2,174$1,508$452
30 years$5,720$4,101$2,883$1,995$1,362$388
31 years$5,475$3,876$2,688$1,832$1,232$333
32 years$5,247$3,668$2,508$1,684$1,114$286
33 years$5,032$3,474$2,342$1,548$1,008$246
34 years$4,831$3,292$2,188$1,425$913$211
35 years$4,641$3,123$2,046$1,312$827$181
36 years$4,463$2,964$1,914$1,208$749$156
37 years$4,294$2,815$1,791$1,113$679$134
38 years$4,135$2,675$1,677$1,026$616$115
39 years$3,985$2,544$1,572$946$558$99
40 years$3,842$2,420$1,473$872$506$85
41 years$3,706$2,304$1,381$805$459$73
42 years$3,578$2,194$1,296$743$417$63
43 years$3,455$2,090$1,216$686$378$54
44 years$3,339$1,993$1,141$633$343$46
45 years$3,228$1,900$1,072$585$312$40
46 years$3,122$1,813$1,006$540$283$34
47 years$3,021$1,730$946$499$257$29
48 years$2,924$1,651$889$461$233$25
49 years$2,832$1,577$835$426$212$22
50 years$2,744$1,506$785$394$193$19

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 $4,068 every year, while hoping to spend $26,202 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: 87/7/6 Blend
49$2,810,000$2,810,000$2,810,000$2,810,000
50$3,100,816$2,951,886$2,908,331$3,369,584
51$3,389,221$3,068,650$2,977,882$3,661,996
52$3,706,164$3,190,257$3,048,884$3,979,278
53$4,054,530$3,316,917$3,121,358$4,327,151
54$4,437,495$3,448,848$3,195,327$4,708,677
55$4,858,559$3,586,281$3,270,809$5,127,231
56$5,321,577$3,729,454$3,347,826$5,586,527
57$5,830,797$3,878,616$3,426,398$6,090,659
58$6,390,900$4,034,030$3,506,544$6,644,133
59$7,007,042$4,195,968$3,588,284$7,251,916
60$7,684,906$4,364,716$3,671,636$7,919,477
61$8,430,750$4,540,571$3,756,620$8,652,840
62$9,251,473$4,723,845$3,843,254$9,458,643
63$10,154,675$4,914,865$3,931,554$10,344,196
64$11,148,729$5,113,971$4,021,538$11,317,556
65$12,242,862$5,321,518$4,113,223$12,387,595
66$13,447,241$5,537,880$4,206,623$13,564,088
67$14,773,069$5,763,445$4,301,754$14,857,806
68$16,232,688$5,998,621$4,398,629$16,280,614
69$17,839,701$6,243,832$4,497,262$17,845,584
70$19,609,095$6,499,523$4,597,664$19,567,118
71$21,557,383$6,766,161$4,699,847$21,461,085
72$23,702,764$7,044,231$4,803,820$23,544,967
73$26,065,290$7,334,242$4,909,591$25,838,028
74$28,667,056$7,636,726$5,017,169$28,361,491
75$31,532,409$7,952,239$5,126,558$31,138,740
76$34,688,181$8,281,364$5,237,763$34,195,542
77$38,163,934$8,624,710$5,350,786$37,560,285
78$41,992,247$8,982,912$5,465,629$41,264,251
79$46,209,018$9,356,638$5,582,291$45,341,907
80$50,853,808$9,746,583$5,700,767$49,831,231
81$55,970,208$10,153,477$5,821,055$54,774,068
82$61,606,254$10,578,082$5,943,144$60,216,530
83$67,814,880$11,021,195$6,067,028$66,209,424
84$74,654,416$11,483,653$6,192,692$72,808,735
85$82,189,141$11,966,326$6,320,122$80,076,152
86$90,489,888$12,470,130$6,449,300$88,079,652
87$99,634,710$12,996,021$6,580,205$96,894,137
88$109,709,622$13,544,997$6,712,814$106,602,145
89$120,809,409$14,118,107$6,847,098$117,294,626
90$133,038,520$14,716,446$6,983,027$129,071,797
91$146,512,056$15,341,159$7,120,566$142,044,095
92$161,356,857$15,993,448$7,259,677$156,333,209
93$177,712,696$16,674,566$7,400,315$172,073,237
94$195,733,600$17,385,828$7,542,434$189,411,943
95$215,589,304$18,128,610$7,685,982$208,512,158
96$237,466,851$18,904,351$7,830,901$229,553,311
97$261,572,363$19,714,557$7,977,130$252,733,124
98$288,132,980$20,560,807$8,124,600$278,269,479
99$317,399,008$21,444,749$8,273,237$306,402,471
100$349,646,278$22,368,114$8,422,962$337,396,673