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

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$232,873$230,799$228,775$226,800$224,871$217,585
2 years$115,284$113,137$111,056$109,038$107,081$99,810
3 years$76,092$73,936$71,860$69,862$67,937$60,907
4 years$56,501$54,351$52,296$50,332$48,453$41,720
5 years$44,748$42,612$40,584$38,659$36,833$30,414
6 years$36,916$34,796$32,798$30,916$29,145$23,044
7 years$31,324$29,221$27,255$25,418$23,703$17,921
8 years$27,132$25,048$23,114$21,323$19,664$14,196
9 years$23,873$21,809$19,909$18,162$16,560$11,400
10 years$21,267$19,223$17,357$15,656$14,110$9,251
11 years$19,137$17,113$15,281$13,625$12,135$7,567
12 years$17,363$15,360$13,561$11,951$10,516$6,229
13 years$15,863$13,881$12,116$10,551$9,170$5,154
14 years$14,578$12,618$10,886$9,366$8,038$4,282
15 years$13,466$11,526$9,829$8,353$7,078$3,569
16 years$12,494$10,575$8,911$7,479$6,255$2,983
17 years$11,637$9,739$8,109$6,720$5,546$2,499
18 years$10,876$9,000$7,402$6,056$4,931$2,097
19 years$10,196$8,341$6,777$5,472$4,396$1,763
20 years$9,584$7,751$6,219$4,956$3,926$1,484
21 years$9,032$7,219$5,720$4,498$3,513$1,250
22 years$8,530$6,739$5,272$4,090$3,149$1,054
23 years$8,073$6,303$4,868$3,725$2,827$890
24 years$7,655$5,905$4,502$3,397$2,541$752
25 years$7,270$5,542$4,170$3,102$2,287$635
26 years$6,916$5,209$3,867$2,837$2,060$537
27 years$6,589$4,902$3,591$2,596$1,857$454
28 years$6,285$4,619$3,338$2,379$1,676$384
29 years$6,003$4,357$3,107$2,181$1,513$325
30 years$5,740$4,115$2,894$2,002$1,367$275
31 years$5,495$3,890$2,698$1,839$1,236$233
32 years$5,265$3,681$2,517$1,690$1,118$197
33 years$5,050$3,486$2,350$1,554$1,012$167
34 years$4,848$3,304$2,196$1,430$916$141
35 years$4,658$3,134$2,053$1,316$830$120
36 years$4,479$2,974$1,921$1,212$752$101
37 years$4,310$2,825$1,798$1,117$681$86
38 years$4,150$2,685$1,683$1,029$618$73
39 years$3,999$2,553$1,577$949$560$62
40 years$3,855$2,429$1,478$875$508$52
41 years$3,719$2,312$1,386$808$461$44
42 years$3,590$2,202$1,300$745$418$38
43 years$3,467$2,098$1,220$688$380$32
44 years$3,351$2,000$1,145$635$345$27
45 years$3,239$1,907$1,075$587$313$23
46 years$3,133$1,819$1,010$542$284$19
47 years$3,032$1,736$949$501$258$16
48 years$2,935$1,657$892$463$234$14
49 years$2,842$1,583$838$428$213$12
50 years$2,753$1,512$788$395$193$10

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 $3,774 every year, while hoping to spend $41,777 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: 73/15/12 Blend
49$2,820,000$2,820,000$2,820,000$2,820,000
50$3,111,533$2,962,073$2,918,363$3,330,787
51$3,384,459$3,062,764$2,971,678$3,576,950
52$3,683,823$3,166,989$3,025,378$3,840,957
53$4,012,278$3,274,876$3,079,434$4,128,990
54$4,372,746$3,386,561$3,133,810$4,443,417
55$4,768,444$3,502,181$3,188,471$4,786,844
56$5,202,919$3,621,881$3,243,378$5,162,142
57$5,680,075$3,745,812$3,298,490$5,572,471
58$6,204,215$3,874,128$3,353,761$6,021,311
59$6,780,077$4,006,993$3,409,144$6,512,493
60$7,412,883$4,144,573$3,464,588$7,050,238
61$8,108,383$4,287,044$3,520,039$7,639,194
62$8,872,916$4,434,587$3,575,438$8,284,480
63$9,713,461$4,587,389$3,630,723$8,991,734
64$10,637,711$4,745,648$3,685,828$9,767,167
65$11,654,138$4,909,565$3,740,684$10,617,617
66$12,772,080$5,079,353$3,795,217$11,550,621
67$14,001,822$5,255,232$3,849,346$12,574,478
68$15,354,697$5,437,428$3,902,989$13,698,332
69$16,843,194$5,626,180$3,956,057$14,932,253
70$18,481,071$5,821,733$4,008,456$16,287,338
71$20,283,487$6,024,345$4,060,086$17,775,810
72$22,267,145$6,234,281$4,110,842$19,411,136
73$24,450,452$6,451,818$4,160,613$21,208,151
74$26,853,685$6,677,244$4,209,280$23,183,201
75$29,499,191$6,910,859$4,256,721$25,354,292
76$32,411,591$7,152,974$4,302,804$27,741,267
77$35,618,015$7,403,911$4,347,390$30,365,982
78$39,148,359$7,664,009$4,390,333$33,252,524
79$43,035,562$7,933,617$4,431,481$36,427,427
80$47,315,924$8,213,098$4,470,670$39,919,930
81$52,029,441$8,502,833$4,507,730$43,762,247
82$57,220,186$8,803,214$4,542,481$47,989,874
83$62,936,725$9,114,651$4,574,734$52,641,920
84$69,232,574$9,437,572$4,604,290$57,761,479
85$76,166,703$9,772,419$4,630,940$63,396,036
86$83,804,093$10,119,655$4,654,464$69,597,912
87$92,216,352$10,479,759$4,674,629$76,424,756
88$101,482,385$10,853,232$4,691,194$83,940,096
89$111,689,142$11,240,594$4,703,903$92,213,930
90$122,932,438$11,642,387$4,712,487$101,323,389
91$135,317,857$12,059,174$4,716,666$111,353,466
92$148,961,747$12,491,542$4,716,143$122,397,814
93$163,992,320$12,940,103$4,710,609$134,559,632
94$180,550,861$13,405,492$4,699,739$147,952,639
95$198,793,060$13,888,372$4,683,191$162,702,143
96$218,890,482$14,389,433$4,660,608$178,946,227
97$241,032,189$14,909,392$4,631,615$196,837,049
98$265,426,517$15,448,998$4,595,820$216,542,279
99$292,303,053$16,009,029$4,552,811$238,246,680
100$321,914,790$16,590,298$4,502,156$262,153,851