Can I retire at age 50 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$233,699$231,617$229,586$227,604$225,668$224,340
2 years$115,692$113,538$111,450$109,425$107,461$106,121
3 years$76,362$74,198$72,115$70,110$68,178$66,867
4 years$56,701$54,544$52,481$50,510$48,625$47,354
5 years$44,907$42,763$40,728$38,797$36,964$35,737
6 years$37,047$34,919$32,914$31,026$29,248$28,066
7 years$31,435$29,325$27,352$25,508$23,787$22,651
8 years$27,228$25,137$23,196$21,398$19,733$18,643
9 years$23,958$21,886$19,979$18,226$16,618$15,573
10 years$21,343$19,292$17,418$15,711$14,160$13,160
11 years$19,205$17,174$15,335$13,674$12,178$11,222
12 years$17,424$15,415$13,609$11,994$10,553$9,641
13 years$15,919$13,930$12,159$10,589$9,202$8,333
14 years$14,630$12,662$10,925$9,399$8,067$7,239
15 years$13,514$11,567$9,864$8,383$7,103$6,315
16 years$12,538$10,613$8,943$7,506$6,277$5,529
17 years$11,678$9,774$8,138$6,744$5,566$4,856
18 years$10,914$9,032$7,429$6,077$4,949$4,276
19 years$10,232$8,370$6,801$5,492$4,411$3,774
20 years$9,618$7,778$6,241$4,974$3,940$3,337
21 years$9,064$7,245$5,741$4,514$3,526$2,956
22 years$8,561$6,763$5,291$4,104$3,160$2,623
23 years$8,102$6,325$4,885$3,738$2,837$2,330
24 years$7,682$5,926$4,518$3,409$2,550$2,072
25 years$7,296$5,562$4,185$3,113$2,295$1,845
26 years$6,941$5,227$3,881$2,847$2,067$1,644
27 years$6,612$4,919$3,604$2,606$1,863$1,466
28 years$6,307$4,635$3,350$2,387$1,681$1,308
29 years$6,024$4,373$3,118$2,189$1,518$1,168
30 years$5,761$4,130$2,904$2,009$1,372$1,044
31 years$5,514$3,904$2,707$1,845$1,240$933
32 years$5,284$3,694$2,526$1,696$1,122$835
33 years$5,068$3,498$2,359$1,559$1,015$747
34 years$4,865$3,316$2,204$1,435$919$668
35 years$4,674$3,145$2,060$1,321$833$598
36 years$4,495$2,985$1,927$1,216$754$536
37 years$4,325$2,835$1,804$1,121$684$480
38 years$4,165$2,694$1,689$1,033$620$430
39 years$4,013$2,562$1,583$953$562$385
40 years$3,869$2,437$1,483$879$510$345
41 years$3,733$2,320$1,391$811$463$310
42 years$3,603$2,210$1,305$748$420$278
43 years$3,480$2,105$1,224$691$381$249
44 years$3,362$2,007$1,149$638$346$223
45 years$3,251$1,914$1,079$589$314$200
46 years$3,144$1,826$1,014$544$285$180
47 years$3,042$1,742$952$503$259$161
48 years$2,945$1,663$895$464$235$144
49 years$2,852$1,588$841$429$213$130
50 years$2,763$1,517$791$397$194$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,830,000, adding $2,722 every year, while hoping to spend $44,698 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: 53/25/22 Blend
49$2,830,000$2,830,000$2,830,000$2,830,000
50$3,121,468$2,971,478$2,927,613$3,267,839
51$3,392,299$3,069,522$2,978,129$3,466,930
52$3,689,257$3,170,872$3,028,840$3,678,591
53$4,014,960$3,275,643$3,079,705$3,907,976
54$4,372,290$3,383,954$3,130,679$4,156,790
55$4,764,424$3,495,928$3,181,717$4,426,910
56$5,194,859$3,611,693$3,232,769$4,720,402
57$5,667,450$3,731,380$3,283,782$5,039,539
58$6,186,440$3,855,128$3,334,699$5,386,824
59$6,756,506$3,983,079$3,385,460$5,765,010
60$7,382,799$4,115,379$3,436,002$6,177,132
61$8,070,993$4,252,181$3,486,257$6,626,527
62$8,827,340$4,393,644$3,536,152$7,116,873
63$9,658,727$4,539,931$3,585,612$7,652,218
64$10,572,743$4,691,213$3,634,555$8,237,020
65$11,577,746$4,847,665$3,682,896$8,876,188
66$12,682,946$5,009,471$3,730,544$9,575,129
67$13,898,492$5,176,820$3,777,402$10,339,798
68$15,235,562$5,349,909$3,823,369$11,176,752
69$16,706,476$5,528,941$3,868,338$12,093,217
70$18,324,805$5,714,127$3,912,196$13,097,148
71$20,105,502$5,905,687$3,954,822$14,197,310
72$22,065,045$6,103,848$3,996,091$15,403,357
73$24,221,589$6,308,845$4,035,868$16,725,924
74$26,595,136$6,520,923$4,074,015$18,176,727
75$29,207,727$6,740,336$4,110,382$19,768,672
76$32,083,649$6,967,346$4,144,814$21,515,978
77$35,249,662$7,202,227$4,177,146$23,434,308
78$38,735,254$7,445,262$4,207,206$25,540,920
79$42,572,914$7,696,745$4,234,812$27,854,828
80$46,798,446$7,956,980$4,259,773$30,396,977
81$51,451,300$8,226,284$4,281,888$33,190,447
82$56,574,946$8,504,986$4,300,945$36,260,666
83$62,217,286$8,793,425$4,316,722$39,635,651
84$68,431,103$9,091,957$4,328,986$43,346,269
85$75,274,561$9,400,948$4,337,492$47,426,533
86$82,811,751$9,720,779$4,341,982$51,913,917
87$91,113,299$10,051,846$4,342,188$56,849,715
88$100,257,029$10,394,561$4,337,825$62,279,424
89$110,328,700$10,749,348$4,328,596$68,253,177
90$121,422,813$11,116,652$4,314,190$74,826,213
91$133,643,504$11,496,933$4,294,280$82,059,402
92$147,105,527$11,890,667$4,268,523$90,019,813
93$161,935,332$12,298,351$4,236,560$98,781,350
94$178,272,267$12,720,501$4,198,016$108,425,451
95$196,269,884$13,157,652$4,152,495$119,041,851
96$216,097,394$13,610,359$4,099,586$130,729,431
97$237,941,261$14,079,200$4,038,855$143,597,151
98$262,006,964$14,564,775$3,969,851$157,765,078
99$288,520,933$15,067,707$3,892,100$173,365,517
100$317,732,689$15,588,645$3,805,105$190,544,260