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%19.9%
1 years$233,699$231,617$229,586$227,604$225,668$216,715
2 years$115,692$113,538$111,450$109,425$107,461$98,551
3 years$76,362$74,198$72,115$70,110$68,178$59,593
4 years$56,701$54,544$52,481$50,510$48,625$40,430
5 years$44,907$42,763$40,728$38,797$36,964$29,179
6 years$37,047$34,919$32,914$31,026$29,248$21,879
7 years$31,435$29,325$27,352$25,508$23,787$16,831
8 years$27,228$25,137$23,196$21,398$19,733$13,183
9 years$23,958$21,886$19,979$18,226$16,618$10,464
10 years$21,343$19,292$17,418$15,711$14,160$8,390
11 years$19,205$17,174$15,335$13,674$12,178$6,778
12 years$17,424$15,415$13,609$11,994$10,553$5,510
13 years$15,919$13,930$12,159$10,589$9,202$4,500
14 years$14,630$12,662$10,925$9,399$8,067$3,689
15 years$13,514$11,567$9,864$8,383$7,103$3,034
16 years$12,538$10,613$8,943$7,506$6,277$2,501
17 years$11,678$9,774$8,138$6,744$5,566$2,066
18 years$10,914$9,032$7,429$6,077$4,949$1,710
19 years$10,232$8,370$6,801$5,492$4,411$1,416
20 years$9,618$7,778$6,241$4,974$3,940$1,175
21 years$9,064$7,245$5,741$4,514$3,526$976
22 years$8,561$6,763$5,291$4,104$3,160$811
23 years$8,102$6,325$4,885$3,738$2,837$674
24 years$7,682$5,926$4,518$3,409$2,550$561
25 years$7,296$5,562$4,185$3,113$2,295$467
26 years$6,941$5,227$3,881$2,847$2,067$388
27 years$6,612$4,919$3,604$2,606$1,863$323
28 years$6,307$4,635$3,350$2,387$1,681$269
29 years$6,024$4,373$3,118$2,189$1,518$225
30 years$5,761$4,130$2,904$2,009$1,372$187
31 years$5,514$3,904$2,707$1,845$1,240$156
32 years$5,284$3,694$2,526$1,696$1,122$130
33 years$5,068$3,498$2,359$1,559$1,015$108
34 years$4,865$3,316$2,204$1,435$919$90
35 years$4,674$3,145$2,060$1,321$833$75
36 years$4,495$2,985$1,927$1,216$754$63
37 years$4,325$2,835$1,804$1,121$684$52
38 years$4,165$2,694$1,689$1,033$620$44
39 years$4,013$2,562$1,583$953$562$36
40 years$3,869$2,437$1,483$879$510$30
41 years$3,733$2,320$1,391$811$463$25
42 years$3,603$2,210$1,305$748$420$21
43 years$3,480$2,105$1,224$691$381$18
44 years$3,362$2,007$1,149$638$346$15
45 years$3,251$1,914$1,079$589$314$12
46 years$3,144$1,826$1,014$544$285$10
47 years$3,042$1,742$952$503$259$9
48 years$2,945$1,663$895$464$235$7
49 years$2,852$1,588$841$429$213$6
50 years$2,763$1,517$791$397$194$5

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 $4,962 every year, while hoping to spend $34,607 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: 58/32/10 Blend
49$2,830,000$2,830,000$2,830,000$2,830,000
50$3,123,778$2,973,788$2,929,923$3,297,243
51$3,405,582$3,082,682$2,991,254$3,523,532
52$3,714,970$3,195,752$3,053,480$3,765,757
53$4,054,719$3,313,166$3,116,593$4,028,941
54$4,427,888$3,435,099$3,180,587$4,315,097
55$4,837,848$3,561,734$3,245,452$4,626,439
56$5,288,311$3,693,261$3,311,177$4,965,403
57$5,783,366$3,829,879$3,377,749$5,334,668
58$6,327,520$3,971,793$3,445,154$5,737,183
59$6,925,736$4,119,220$3,513,376$6,176,190
60$7,583,484$4,272,385$3,582,396$6,655,260
61$8,306,789$4,431,521$3,652,196$7,178,320
62$9,102,289$4,596,874$3,722,753$7,749,694
63$9,977,299$4,768,697$3,794,041$8,374,138
64$10,939,877$4,947,257$3,866,035$9,056,890
65$11,998,902$5,132,830$3,938,705$9,803,716
66$13,164,157$5,325,706$4,012,019$10,620,962
67$14,446,421$5,526,186$4,085,942$11,515,616
68$15,857,571$5,734,584$4,160,436$12,495,369
69$17,410,694$5,951,228$4,235,460$13,568,694
70$19,120,207$6,176,461$4,310,971$14,744,915
71$21,002,001$6,410,640$4,386,921$16,034,304
72$23,073,580$6,654,137$4,463,258$17,448,170
73$25,354,236$6,907,340$4,539,928$18,998,967
74$27,865,224$7,170,656$4,616,871$20,700,411
75$30,629,965$7,444,507$4,694,026$22,567,609
76$33,674,269$7,729,335$4,771,323$24,617,197
77$37,026,573$8,025,601$4,848,691$26,867,499
78$40,718,215$8,333,787$4,926,053$29,338,699
79$44,783,724$8,654,393$5,003,327$32,053,027
80$49,261,151$8,987,946$5,080,425$35,034,970
81$54,192,424$9,334,991$5,157,256$38,311,502
82$59,623,747$9,696,101$5,233,719$41,912,336
83$65,606,030$10,071,871$5,309,710$45,870,202
84$72,195,378$10,462,925$5,385,117$50,221,156
85$79,453,611$10,869,913$5,459,823$55,004,919
86$87,448,854$11,293,514$5,533,703$60,265,249
87$96,256,178$11,734,437$5,606,623$66,050,352
88$105,958,307$12,193,423$5,678,443$72,413,337
89$116,646,398$12,671,245$5,749,015$79,412,712
90$128,420,906$13,168,711$5,818,182$87,112,939
91$141,392,526$13,686,665$5,885,779$95,585,036
92$155,683,241$14,225,989$5,951,629$104,907,249
93$171,427,471$14,787,602$6,015,549$115,165,784
94$188,773,347$15,372,468$6,077,343$126,455,621
95$207,884,100$15,981,591$6,136,806$138,881,410
96$228,939,610$16,616,021$6,193,721$152,558,452
97$252,138,099$17,276,855$6,247,859$167,613,789
98$277,698,004$17,965,239$6,298,981$184,187,395
99$305,860,035$18,682,371$6,346,832$202,433,502
100$336,889,455$19,429,503$6,391,147$222,522,044