Can I retire at age 50 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$232,873$230,799$228,775$226,800$224,871$218,813
2 years$115,284$113,137$111,056$109,038$107,081$101,022
3 years$76,092$73,936$71,860$69,862$67,937$62,065
4 years$56,501$54,351$52,296$50,332$48,453$42,814
5 years$44,748$42,612$40,584$38,659$36,833$31,442
6 years$36,916$34,796$32,798$30,916$29,145$24,007
7 years$31,324$29,221$27,255$25,418$23,703$18,819
8 years$27,132$25,048$23,114$21,323$19,664$15,031
9 years$23,873$21,809$19,909$18,162$16,560$12,174
10 years$21,267$19,223$17,357$15,656$14,110$9,965
11 years$19,137$17,113$15,281$13,625$12,135$8,225
12 years$17,363$15,360$13,561$11,951$10,516$6,834
13 years$15,863$13,881$12,116$10,551$9,170$5,708
14 years$14,578$12,618$10,886$9,366$8,038$4,788
15 years$13,466$11,526$9,829$8,353$7,078$4,031
16 years$12,494$10,575$8,911$7,479$6,255$3,403
17 years$11,637$9,739$8,109$6,720$5,546$2,880
18 years$10,876$9,000$7,402$6,056$4,931$2,443
19 years$10,196$8,341$6,777$5,472$4,396$2,075
20 years$9,584$7,751$6,219$4,956$3,926$1,765
21 years$9,032$7,219$5,720$4,498$3,513$1,504
22 years$8,530$6,739$5,272$4,090$3,149$1,282
23 years$8,073$6,303$4,868$3,725$2,827$1,094
24 years$7,655$5,905$4,502$3,397$2,541$934
25 years$7,270$5,542$4,170$3,102$2,287$798
26 years$6,916$5,209$3,867$2,837$2,060$683
27 years$6,589$4,902$3,591$2,596$1,857$584
28 years$6,285$4,619$3,338$2,379$1,676$500
29 years$6,003$4,357$3,107$2,181$1,513$428
30 years$5,740$4,115$2,894$2,002$1,367$366
31 years$5,495$3,890$2,698$1,839$1,236$314
32 years$5,265$3,681$2,517$1,690$1,118$269
33 years$5,050$3,486$2,350$1,554$1,012$230
34 years$4,848$3,304$2,196$1,430$916$197
35 years$4,658$3,134$2,053$1,316$830$169
36 years$4,479$2,974$1,921$1,212$752$145
37 years$4,310$2,825$1,798$1,117$681$124
38 years$4,150$2,685$1,683$1,029$618$106
39 years$3,999$2,553$1,577$949$560$91
40 years$3,855$2,429$1,478$875$508$78
41 years$3,719$2,312$1,386$808$461$67
42 years$3,590$2,202$1,300$745$418$57
43 years$3,467$2,098$1,220$688$380$49
44 years$3,351$2,000$1,145$635$345$42
45 years$3,239$1,907$1,075$587$313$36
46 years$3,133$1,819$1,010$542$284$31
47 years$3,032$1,736$949$501$258$27
48 years$2,935$1,657$892$463$234$23
49 years$2,842$1,583$838$428$213$20
50 years$2,753$1,512$788$395$193$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,820,000, adding $5,737 every year, while hoping to spend $38,191 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: 68/16/16 Blend
49$2,820,000$2,820,000$2,820,000$2,820,000
50$3,113,558$2,964,098$2,920,388$3,313,097
51$3,390,506$3,068,704$2,977,586$3,551,489
52$3,694,422$3,177,155$3,035,420$3,807,104
53$4,028,018$3,289,600$3,093,871$4,085,734
54$4,394,279$3,406,194$3,152,919$4,389,641
55$4,796,493$3,527,095$3,212,540$4,721,311
56$5,238,285$3,652,472$3,272,709$5,083,485
57$5,723,644$3,782,497$3,333,399$5,479,176
58$6,256,968$3,917,352$3,394,580$5,911,706
59$6,843,101$4,057,224$3,456,221$6,384,731
60$7,487,379$4,202,310$3,518,286$6,902,277
61$8,195,681$4,352,813$3,580,738$7,468,777
62$8,974,485$4,508,945$3,643,537$8,089,115
63$9,830,926$4,670,927$3,706,639$8,768,668
64$10,772,867$4,838,989$3,769,998$9,513,359
65$11,808,970$5,013,370$3,833,564$10,329,711
66$12,948,780$5,194,320$3,897,283$11,224,909
67$14,202,812$5,382,099$3,961,099$12,206,868
68$15,582,654$5,576,976$4,024,950$13,284,306
69$17,101,070$5,779,234$4,088,771$14,466,826
70$18,772,128$5,989,165$4,152,494$15,765,007
71$20,611,326$6,207,075$4,216,044$17,190,502
72$22,635,743$6,433,283$4,279,343$18,756,149
73$24,864,195$6,668,120$4,342,307$20,476,091
74$27,317,416$6,911,932$4,404,848$22,365,910
75$30,018,254$7,165,078$4,466,872$24,442,770
76$32,991,884$7,427,934$4,528,279$26,725,583
77$36,266,043$7,700,891$4,588,964$29,235,185
78$39,871,301$7,984,355$4,648,816$31,994,531
79$43,841,337$8,278,752$4,707,715$35,028,913
80$48,213,267$8,584,525$4,765,536$38,366,196
81$53,027,987$8,902,133$4,822,149$42,037,084
82$58,330,563$9,232,059$4,877,412$46,075,403
83$64,170,654$9,574,804$4,931,179$50,518,427
84$70,602,982$9,930,890$4,983,294$55,407,224
85$77,687,844$10,300,862$5,033,593$60,787,044
86$85,491,689$10,685,288$5,081,903$66,707,747
87$94,087,735$11,084,761$5,128,041$73,224,270
88$103,556,669$11,499,900$5,171,815$80,397,149
89$113,987,402$11,931,347$5,213,023$88,293,084
90$125,477,910$12,379,776$5,251,452$96,985,573
91$138,136,159$12,845,888$5,286,878$106,555,603
92$152,081,124$13,330,413$5,319,066$117,092,413
93$167,443,910$13,834,115$5,347,766$128,694,335
94$184,368,992$14,357,789$5,372,719$141,469,722
95$203,015,574$14,902,267$5,393,651$155,537,973
96$223,559,098$15,468,413$5,410,273$171,030,652
97$246,192,894$16,057,133$5,422,285$188,092,737
98$271,130,005$16,669,369$5,429,368$206,883,980
99$298,605,204$17,306,105$5,431,189$227,580,420
100$328,877,200$17,968,370$5,427,400$250,376,039