Can I retire at age 50 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$234,525$232,436$230,397$228,408$226,466$219,304
2 years$116,101$113,939$111,843$109,812$107,841$100,691
3 years$76,632$74,460$72,370$70,357$68,419$61,504
4 years$56,901$54,736$52,667$50,689$48,797$42,171
5 years$45,066$42,914$40,872$38,934$37,094$30,775
6 years$37,178$35,042$33,030$31,136$29,352$23,344
7 years$31,546$29,429$27,448$25,598$23,871$18,174
8 years$27,324$25,226$23,278$21,474$19,803$14,414
9 years$24,042$21,964$20,050$18,291$16,677$11,589
10 years$21,418$19,360$17,480$15,767$14,210$9,416
11 years$19,273$17,235$15,389$13,722$12,221$7,712
12 years$17,486$15,469$13,657$12,036$10,590$6,357
13 years$15,975$13,980$12,202$10,626$9,235$5,267
14 years$14,682$12,707$10,963$9,433$8,095$4,382
15 years$13,561$11,608$9,899$8,412$7,128$3,657
16 years$12,582$10,650$8,974$7,532$6,300$3,061
17 years$11,719$9,808$8,166$6,768$5,586$2,568
18 years$10,953$9,063$7,455$6,099$4,966$2,159
19 years$10,268$8,400$6,825$5,511$4,427$1,817
20 years$9,652$7,806$6,263$4,991$3,954$1,532
21 years$9,096$7,271$5,761$4,530$3,538$1,293
22 years$8,591$6,787$5,310$4,119$3,172$1,092
23 years$8,131$6,348$4,903$3,751$2,847$923
24 years$7,709$5,947$4,534$3,421$2,559$781
25 years$7,322$5,581$4,199$3,124$2,303$661
26 years$6,965$5,245$3,895$2,857$2,074$560
27 years$6,635$4,937$3,617$2,615$1,870$474
28 years$6,330$4,652$3,362$2,396$1,687$402
29 years$6,046$4,388$3,129$2,197$1,524$340
30 years$5,781$4,144$2,914$2,016$1,377$289
31 years$5,534$3,918$2,717$1,852$1,245$245
32 years$5,303$3,707$2,535$1,702$1,126$208
33 years$5,086$3,511$2,367$1,565$1,019$176
34 years$4,882$3,327$2,211$1,440$923$149
35 years$4,691$3,156$2,068$1,326$836$127
36 years$4,511$2,995$1,934$1,221$757$108
37 years$4,340$2,845$1,810$1,125$686$91
38 years$4,179$2,704$1,695$1,037$622$77
39 years$4,027$2,571$1,588$956$564$66
40 years$3,883$2,446$1,489$882$512$56
41 years$3,746$2,328$1,396$813$464$47
42 years$3,616$2,217$1,309$751$421$40
43 years$3,492$2,113$1,229$693$382$34
44 years$3,374$2,014$1,153$640$347$29
45 years$3,262$1,920$1,083$591$315$25
46 years$3,155$1,832$1,017$546$286$21
47 years$3,053$1,748$956$504$260$18
48 years$2,955$1,669$898$466$236$15
49 years$2,862$1,594$844$431$214$13
50 years$2,773$1,522$794$398$195$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,840,000, adding $3,471 every year, while hoping to spend $41,518 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: 54/26/20 Blend
49$2,840,000$2,840,000$2,840,000$2,840,000
50$3,133,260$2,982,740$2,938,720$3,285,220
51$3,408,678$3,084,720$2,992,993$3,491,706
52$3,710,797$3,190,305$3,047,692$3,711,698
53$4,042,296$3,299,628$3,102,788$3,950,279
54$4,406,129$3,412,828$3,158,249$4,209,236
55$4,805,544$3,530,047$3,214,041$4,490,537
56$5,244,125$3,651,434$3,270,126$4,796,345
57$5,725,816$3,777,145$3,326,466$5,129,043
58$6,254,964$3,907,339$3,383,017$5,491,251
59$6,836,355$4,042,184$3,439,733$5,885,855
60$7,475,265$4,181,853$3,496,566$6,316,032
61$8,177,505$4,326,526$3,553,464$6,785,276
62$8,949,476$4,476,391$3,610,370$7,297,439
63$9,798,230$4,631,642$3,667,225$7,856,756
64$10,731,538$4,792,481$3,723,966$8,467,895
65$11,757,961$4,959,119$3,780,525$9,135,994
66$12,886,931$5,131,774$3,836,831$9,866,710
67$14,128,841$5,310,674$3,892,807$10,666,274
68$15,495,140$5,496,054$3,948,373$11,541,547
69$16,998,443$5,688,160$4,003,443$12,500,087
70$18,652,652$5,887,247$4,057,925$13,550,215
71$20,473,081$6,093,581$4,111,725$14,701,099
72$22,476,607$6,307,438$4,164,739$15,962,836
73$24,681,824$6,529,106$4,216,861$17,346,546
74$27,109,220$6,758,881$4,267,975$18,864,480
75$29,781,370$6,997,077$4,317,963$20,530,133
76$32,723,151$7,244,014$4,366,695$22,358,369
77$35,961,971$7,500,030$4,414,039$24,365,563
78$39,528,035$7,765,474$4,459,852$26,569,755
79$43,454,623$8,040,710$4,503,985$28,990,819
80$47,778,406$8,326,117$4,546,280$31,650,647
81$52,539,794$8,622,088$4,586,571$34,573,360
82$57,783,317$8,929,033$4,624,685$37,785,533
83$63,558,038$9,247,379$4,660,435$41,316,441
84$69,918,028$9,577,571$4,693,629$45,198,341
85$76,922,864$9,920,069$4,724,063$49,466,771
86$84,638,199$10,275,355$4,751,522$54,160,886
87$93,136,378$10,643,930$4,775,781$59,323,829
88$102,497,121$11,026,316$4,796,602$65,003,133
89$112,808,277$11,423,054$4,813,738$71,251,170
90$124,166,649$11,834,711$4,826,925$78,125,648
91$136,678,910$12,261,875$4,835,890$85,690,150
92$150,462,610$12,705,159$4,840,345$94,014,735
93$165,647,286$13,165,201$4,839,985$103,176,599
94$182,375,679$13,642,666$4,834,495$113,260,801
95$200,805,088$14,138,246$4,823,540$124,361,068
96$221,108,850$14,652,663$4,806,771$136,580,672
97$243,477,977$15,186,668$4,783,823$150,033,412
98$268,122,960$15,741,044$4,754,310$164,844,681
99$295,275,754$16,316,607$4,717,831$181,152,650
100$325,191,966$16,914,206$4,673,964$199,109,571