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%19.5%
1 years$232,873$230,799$228,775$226,800$224,871$216,290
2 years$115,284$113,137$111,056$109,038$107,081$98,538
3 years$76,092$73,936$71,860$69,862$67,937$59,699
4 years$56,501$54,351$52,296$50,332$48,453$40,584
5 years$44,748$42,612$40,584$38,659$36,833$29,352
6 years$36,916$34,796$32,798$30,916$29,145$22,058
7 years$31,324$29,221$27,255$25,418$23,703$17,007
8 years$27,132$25,048$23,114$21,323$19,664$13,353
9 years$23,873$21,809$19,909$18,162$16,560$10,625
10 years$21,267$19,223$17,357$15,656$14,110$8,540
11 years$19,137$17,113$15,281$13,625$12,135$6,918
12 years$17,363$15,360$13,561$11,951$10,516$5,638
13 years$15,863$13,881$12,116$10,551$9,170$4,618
14 years$14,578$12,618$10,886$9,366$8,038$3,796
15 years$13,466$11,526$9,829$8,353$7,078$3,131
16 years$12,494$10,575$8,911$7,479$6,255$2,589
17 years$11,637$9,739$8,109$6,720$5,546$2,145
18 years$10,876$9,000$7,402$6,056$4,931$1,780
19 years$10,196$8,341$6,777$5,472$4,396$1,479
20 years$9,584$7,751$6,219$4,956$3,926$1,231
21 years$9,032$7,219$5,720$4,498$3,513$1,025
22 years$8,530$6,739$5,272$4,090$3,149$854
23 years$8,073$6,303$4,868$3,725$2,827$713
24 years$7,655$5,905$4,502$3,397$2,541$595
25 years$7,270$5,542$4,170$3,102$2,287$497
26 years$6,916$5,209$3,867$2,837$2,060$415
27 years$6,589$4,902$3,591$2,596$1,857$346
28 years$6,285$4,619$3,338$2,379$1,676$290
29 years$6,003$4,357$3,107$2,181$1,513$242
30 years$5,740$4,115$2,894$2,002$1,367$202
31 years$5,495$3,890$2,698$1,839$1,236$169
32 years$5,265$3,681$2,517$1,690$1,118$141
33 years$5,050$3,486$2,350$1,554$1,012$118
34 years$4,848$3,304$2,196$1,430$916$99
35 years$4,658$3,134$2,053$1,316$830$83
36 years$4,479$2,974$1,921$1,212$752$69
37 years$4,310$2,825$1,798$1,117$681$58
38 years$4,150$2,685$1,683$1,029$618$48
39 years$3,999$2,553$1,577$949$560$41
40 years$3,855$2,429$1,478$875$508$34
41 years$3,719$2,312$1,386$808$461$28
42 years$3,590$2,202$1,300$745$418$24
43 years$3,467$2,098$1,220$688$380$20
44 years$3,351$2,000$1,145$635$345$17
45 years$3,239$1,907$1,075$587$313$14
46 years$3,133$1,819$1,010$542$284$12
47 years$3,032$1,736$949$501$258$10
48 years$2,935$1,657$892$463$234$8
49 years$2,842$1,583$838$428$213$7
50 years$2,753$1,512$788$395$193$6

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 $3,634 every year, while hoping to spend $37,202 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: 70/18/12 Blend
49$2,820,000$2,820,000$2,820,000$2,820,000
50$3,111,388$2,961,928$2,918,218$3,320,998
51$3,389,167$3,067,480$2,976,396$3,566,073
52$3,694,033$3,176,957$3,035,276$3,829,325
53$4,028,709$3,290,513$3,094,842$4,116,431
54$4,396,195$3,408,306$3,155,077$4,429,733
55$4,799,796$3,530,502$3,215,961$4,771,810
56$5,243,153$3,657,274$3,277,474$5,145,501
57$5,730,276$3,788,802$3,339,591$5,553,929
58$6,265,584$3,925,274$3,402,287$6,000,537
59$6,853,945$4,066,883$3,465,535$6,489,111
60$7,500,720$4,213,833$3,529,303$7,023,823
61$8,211,818$4,366,335$3,593,559$7,609,268
62$8,993,747$4,524,610$3,658,267$8,250,502
63$9,853,680$4,688,886$3,723,390$8,953,097
64$10,799,517$4,859,403$3,788,885$9,723,187
65$11,839,963$5,036,409$3,854,708$10,567,530
66$12,984,610$5,220,163$3,920,811$11,493,568
67$14,244,025$5,410,937$3,987,143$12,509,496
68$15,629,853$5,609,010$4,053,650$13,624,345
69$17,154,923$5,814,676$4,120,272$14,848,058
70$18,833,370$6,028,241$4,186,947$16,191,590
71$20,680,772$6,250,023$4,253,607$17,667,010
72$22,714,291$6,480,353$4,320,183$19,287,609
73$24,952,836$6,719,579$4,386,597$21,068,031
74$27,417,247$6,968,059$4,452,769$23,024,410
75$30,130,483$7,226,171$4,518,614$25,174,518
76$33,117,844$7,494,305$4,584,039$27,537,932
77$36,407,209$7,772,871$4,648,949$30,136,225
78$40,029,296$8,062,294$4,713,241$32,993,161
79$44,017,956$8,363,017$4,776,806$36,134,922
80$48,410,487$8,675,505$4,839,529$39,590,354
81$53,247,992$9,000,240$4,901,288$43,391,239
82$58,575,761$9,337,726$4,961,955$47,572,594
83$64,443,701$9,688,487$5,021,393$52,173,000
84$70,906,807$10,053,071$5,079,459$57,234,966
85$78,025,681$10,432,051$5,136,000$62,805,328
86$85,867,100$10,826,021$5,190,856$68,935,693
87$94,504,652$11,235,604$5,243,857$75,682,923
88$104,019,427$11,661,449$5,294,827$83,109,670
89$114,500,780$12,104,232$5,343,575$91,284,969
90$126,047,180$12,564,660$5,389,905$100,284,887
91$138,767,133$13,043,469$5,433,608$110,193,240
92$152,780,211$13,541,429$5,474,463$121,102,382
93$168,218,175$14,059,341$5,512,241$133,114,080
94$185,226,225$14,598,045$5,546,697$146,340,467
95$203,964,364$15,158,414$5,577,576$160,905,105
96$224,608,913$15,741,360$5,604,608$176,944,146
97$247,354,172$16,347,836$5,627,513$194,607,618
98$272,414,255$16,978,837$5,645,991$214,060,841
99$300,025,110$17,635,401$5,659,733$235,485,982
100$330,446,747$18,318,611$5,668,409$259,083,778