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

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$234,525$232,436$230,397$228,408$226,466$217,566
2 years$116,101$113,939$111,843$109,812$107,841$98,984
3 years$76,632$74,460$72,370$70,357$68,419$59,883
4 years$56,901$54,736$52,667$50,689$48,797$40,647
5 years$45,066$42,914$40,872$38,934$37,094$29,352
6 years$37,178$35,042$33,030$31,136$29,352$22,021
7 years$31,546$29,429$27,448$25,598$23,871$16,949
8 years$27,324$25,226$23,278$21,474$19,803$13,284
9 years$24,042$21,964$20,050$18,291$16,677$10,551
10 years$21,418$19,360$17,480$15,767$14,210$8,464
11 years$19,273$17,235$15,389$13,722$12,221$6,843
12 years$17,486$15,469$13,657$12,036$10,590$5,566
13 years$15,975$13,980$12,202$10,626$9,235$4,549
14 years$14,682$12,707$10,963$9,433$8,095$3,732
15 years$13,561$11,608$9,899$8,412$7,128$3,071
16 years$12,582$10,650$8,974$7,532$6,300$2,534
17 years$11,719$9,808$8,166$6,768$5,586$2,095
18 years$10,953$9,063$7,455$6,099$4,966$1,735
19 years$10,268$8,400$6,825$5,511$4,427$1,438
20 years$9,652$7,806$6,263$4,991$3,954$1,194
21 years$9,096$7,271$5,761$4,530$3,538$992
22 years$8,591$6,787$5,310$4,119$3,172$825
23 years$8,131$6,348$4,903$3,751$2,847$686
24 years$7,709$5,947$4,534$3,421$2,559$572
25 years$7,322$5,581$4,199$3,124$2,303$476
26 years$6,965$5,245$3,895$2,857$2,074$397
27 years$6,635$4,937$3,617$2,615$1,870$331
28 years$6,330$4,652$3,362$2,396$1,687$276
29 years$6,046$4,388$3,129$2,197$1,524$230
30 years$5,781$4,144$2,914$2,016$1,377$192
31 years$5,534$3,918$2,717$1,852$1,245$160
32 years$5,303$3,707$2,535$1,702$1,126$133
33 years$5,086$3,511$2,367$1,565$1,019$111
34 years$4,882$3,327$2,211$1,440$923$93
35 years$4,691$3,156$2,068$1,326$836$77
36 years$4,511$2,995$1,934$1,221$757$65
37 years$4,340$2,845$1,810$1,125$686$54
38 years$4,179$2,704$1,695$1,037$622$45
39 years$4,027$2,571$1,588$956$564$38
40 years$3,883$2,446$1,489$882$512$31
41 years$3,746$2,328$1,396$813$464$26
42 years$3,616$2,217$1,309$751$421$22
43 years$3,492$2,113$1,229$693$382$18
44 years$3,374$2,014$1,153$640$347$15
45 years$3,262$1,920$1,083$591$315$13
46 years$3,155$1,832$1,017$546$286$11
47 years$3,053$1,748$956$504$260$9
48 years$2,955$1,669$898$466$236$7
49 years$2,862$1,594$844$431$214$6
50 years$2,773$1,522$794$398$195$5

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 $6,391 every year, while hoping to spend $30,682 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: 52/24/24 Blend
49$2,840,000$2,840,000$2,840,000$2,840,000
50$3,136,272$2,985,752$2,941,732$3,278,090
51$3,423,527$3,099,409$3,007,635$3,490,517
52$3,739,053$3,217,606$3,074,717$3,717,797
53$4,085,702$3,340,534$3,142,986$3,964,400
54$4,466,615$3,468,392$3,212,447$4,232,176
55$4,885,252$3,601,386$3,283,107$4,523,163
56$5,345,426$3,739,732$3,354,969$4,839,602
57$5,851,338$3,883,657$3,428,039$5,183,955
58$6,407,613$4,033,396$3,502,317$5,558,936
59$7,019,351$4,189,193$3,577,806$5,967,527
60$7,692,169$4,351,307$3,654,506$6,413,013
61$8,432,254$4,520,006$3,732,417$6,899,007
62$9,246,426$4,695,568$3,811,534$7,429,486
63$10,142,197$4,878,286$3,891,856$8,008,828
64$11,127,845$5,068,466$3,973,377$8,641,852
65$12,212,489$5,266,425$4,056,090$9,333,863
66$13,406,180$5,472,497$4,139,986$10,090,702
67$14,719,990$5,687,029$4,225,055$10,918,798
68$16,166,120$5,910,384$4,311,285$11,825,232
69$17,758,013$6,142,941$4,398,661$12,817,798
70$19,510,481$6,385,097$4,487,168$13,905,082
71$21,439,848$6,637,264$4,576,785$15,096,535
72$23,564,097$6,899,875$4,667,493$16,402,569
73$25,903,048$7,173,382$4,759,267$17,834,646
74$28,478,538$7,458,256$4,852,081$19,405,395
75$31,314,628$7,754,991$4,945,905$21,128,719
76$34,437,836$8,064,100$5,040,709$23,019,936
77$37,877,377$8,386,124$5,136,455$25,095,915
78$41,665,449$8,721,623$5,233,105$27,375,238
79$45,837,528$9,071,186$5,330,617$29,878,372
80$50,432,709$9,435,427$5,428,946$32,627,863
81$55,494,070$9,814,988$5,528,041$35,648,548
82$61,069,083$10,210,540$5,627,848$38,967,783
83$67,210,057$10,622,784$5,728,309$42,615,708
84$73,974,637$11,052,454$5,829,361$46,625,524
85$81,426,342$11,500,317$5,930,936$51,033,806
86$89,635,169$11,967,173$6,032,963$55,880,850
87$98,678,252$12,453,860$6,135,363$61,211,047
88$108,640,589$12,961,254$6,238,052$67,073,306
89$119,615,844$13,490,270$6,340,942$73,521,508
90$131,707,234$14,041,867$6,443,938$80,615,019
91$145,028,498$14,617,045$6,546,936$88,419,242
92$159,704,976$15,216,852$6,649,830$97,006,239
93$175,874,788$15,842,381$6,752,503$106,455,405
94$193,690,137$16,494,778$6,854,832$116,854,217
95$213,318,749$17,175,241$6,956,687$128,299,059
96$234,945,455$17,885,021$7,057,930$140,896,126
97$258,773,932$18,625,428$7,158,412$154,762,428
98$285,028,632$19,397,833$7,257,977$170,026,890
99$313,956,894$20,203,668$7,356,460$186,831,567
100$345,831,281$21,044,432$7,453,686$205,332,985