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%12.7%
1 years$234,525$232,436$230,397$228,408$226,466$223,914
2 years$116,101$113,939$111,843$109,812$107,841$105,272
3 years$76,632$74,460$72,370$70,357$68,419$65,913
4 years$56,901$54,736$52,667$50,689$48,797$46,373
5 years$45,066$42,914$40,872$38,934$37,094$34,760
6 years$37,178$35,042$33,030$31,136$29,352$27,109
7 years$31,546$29,429$27,448$25,598$23,871$21,720
8 years$27,324$25,226$23,278$21,474$19,803$17,745
9 years$24,042$21,964$20,050$18,291$16,677$14,711
10 years$21,418$19,360$17,480$15,767$14,210$12,334
11 years$19,273$17,235$15,389$13,722$12,221$10,434
12 years$17,486$15,469$13,657$12,036$10,590$8,891
13 years$15,975$13,980$12,202$10,626$9,235$7,621
14 years$14,682$12,707$10,963$9,433$8,095$6,564
15 years$13,561$11,608$9,899$8,412$7,128$5,676
16 years$12,582$10,650$8,974$7,532$6,300$4,926
17 years$11,719$9,808$8,166$6,768$5,586$4,287
18 years$10,953$9,063$7,455$6,099$4,966$3,740
19 years$10,268$8,400$6,825$5,511$4,427$3,270
20 years$9,652$7,806$6,263$4,991$3,954$2,865
21 years$9,096$7,271$5,761$4,530$3,538$2,513
22 years$8,591$6,787$5,310$4,119$3,172$2,208
23 years$8,131$6,348$4,903$3,751$2,847$1,942
24 years$7,709$5,947$4,534$3,421$2,559$1,710
25 years$7,322$5,581$4,199$3,124$2,303$1,507
26 years$6,965$5,245$3,895$2,857$2,074$1,330
27 years$6,635$4,937$3,617$2,615$1,870$1,174
28 years$6,330$4,652$3,362$2,396$1,687$1,036
29 years$6,046$4,388$3,129$2,197$1,524$916
30 years$5,781$4,144$2,914$2,016$1,377$810
31 years$5,534$3,918$2,717$1,852$1,245$716
32 years$5,303$3,707$2,535$1,702$1,126$634
33 years$5,086$3,511$2,367$1,565$1,019$561
34 years$4,882$3,327$2,211$1,440$923$497
35 years$4,691$3,156$2,068$1,326$836$440
36 years$4,511$2,995$1,934$1,221$757$390
37 years$4,340$2,845$1,810$1,125$686$345
38 years$4,179$2,704$1,695$1,037$622$306
39 years$4,027$2,571$1,588$956$564$271
40 years$3,883$2,446$1,489$882$512$240
41 years$3,746$2,328$1,396$813$464$213
42 years$3,616$2,217$1,309$751$421$189
43 years$3,492$2,113$1,229$693$382$167
44 years$3,374$2,014$1,153$640$347$148
45 years$3,262$1,920$1,083$591$315$132
46 years$3,155$1,832$1,017$546$286$117
47 years$3,053$1,748$956$504$260$104
48 years$2,955$1,669$898$466$236$92
49 years$2,862$1,594$844$431$214$81
50 years$2,773$1,522$794$398$195$72

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 $2,401 every year, while hoping to spend $54,803 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: 70/23/7 Blend
49$2,840,000$2,840,000$2,840,000$2,840,000
50$3,132,157$2,981,637$2,937,617$3,347,836
51$3,393,327$3,069,427$2,977,717$3,578,553
52$3,679,299$3,159,682$3,017,324$3,823,950
53$3,992,546$3,252,465$3,056,363$4,090,960
54$4,335,790$3,347,840$3,094,755$4,381,693
55$4,712,030$3,445,873$3,132,418$4,698,472
56$5,124,566$3,546,630$3,169,263$5,043,854
57$5,577,036$3,650,179$3,205,198$5,420,655
58$6,073,445$3,756,589$3,240,123$5,831,974
59$6,618,206$3,865,932$3,273,937$6,281,224
60$7,216,179$3,978,278$3,306,530$6,772,164
61$7,872,717$4,093,702$3,337,786$7,308,933
62$8,593,717$4,212,276$3,367,585$7,896,090
63$9,385,675$4,334,077$3,395,798$8,538,654
64$10,255,749$4,459,181$3,422,292$9,242,156
65$11,211,821$4,587,667$3,446,925$10,012,685
66$12,262,576$4,719,612$3,469,547$10,856,950
67$13,417,585$4,855,099$3,490,002$11,782,341
68$14,687,387$4,994,207$3,508,125$12,796,997
69$16,083,597$5,137,020$3,523,744$13,909,884
70$17,619,010$5,283,620$3,536,676$15,130,880
71$19,307,725$5,434,093$3,546,730$16,470,868
72$21,165,273$5,588,524$3,553,706$17,941,835
73$23,208,768$5,746,999$3,557,392$19,556,989
74$25,457,065$5,909,605$3,557,568$21,330,879
75$27,930,941$6,076,430$3,554,001$23,279,537
76$30,653,285$6,247,564$3,546,449$25,420,625
77$33,649,320$6,423,094$3,534,655$27,773,603
78$36,946,837$6,603,112$3,518,352$30,359,911
79$40,576,457$6,787,707$3,497,260$33,203,172
80$44,571,921$6,976,971$3,471,083$36,329,415
81$48,970,408$7,170,993$3,439,515$39,767,319
82$53,812,883$7,369,865$3,402,232$43,548,485
83$59,144,486$7,573,677$3,358,896$47,707,731
84$65,014,958$7,782,522$3,309,153$52,283,423
85$71,479,106$7,996,488$3,252,633$57,317,836
86$78,597,325$8,215,666$3,188,946$62,857,552
87$86,436,164$8,440,145$3,117,688$68,953,900
88$95,068,955$8,670,015$3,038,432$75,663,439
89$104,576,504$8,905,361$2,950,735$83,048,491
90$115,047,854$9,146,270$2,854,131$91,177,734
91$126,581,125$9,392,828$2,748,135$100,126,841
92$139,284,439$9,645,115$2,632,237$109,979,202
93$153,276,940$9,903,214$2,505,905$120,826,707
94$168,689,920$10,167,203$2,368,584$132,770,611
95$185,668,053$10,437,158$2,219,693$145,922,496
96$204,370,766$10,713,150$2,058,625$160,405,317
97$224,973,740$10,995,251$1,884,745$176,354,565
98$247,670,568$11,283,524$1,697,390$193,919,546
99$272,674,582$11,578,033$1,495,869$213,264,789
100$300,220,866$11,878,833$1,279,457$234,571,603