Can I retire at age 50 with 2,850,000?

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 $2,850,000?

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$235,350$233,254$231,209$229,212$227,263$225,925
2 years$116,510$114,340$112,237$110,198$108,220$106,871
3 years$76,902$74,723$72,625$70,605$68,660$67,340
4 years$57,102$54,929$52,852$50,867$48,969$47,689
5 years$45,225$43,065$41,016$39,071$37,225$35,990
6 years$37,309$35,166$33,147$31,245$29,455$28,265
7 years$31,657$29,532$27,545$25,688$23,955$22,811
8 years$27,421$25,315$23,360$21,549$19,873$18,775
9 years$24,127$22,041$20,120$18,355$16,736$15,683
10 years$21,494$19,428$17,541$15,822$14,260$13,253
11 years$19,341$17,296$15,443$13,770$12,264$11,301
12 years$17,548$15,524$13,705$12,078$10,628$9,709
13 years$16,032$14,029$12,245$10,663$9,267$8,392
14 years$14,733$12,752$11,002$9,466$8,124$7,290
15 years$13,609$11,649$9,933$8,442$7,153$6,360
16 years$12,627$10,688$9,006$7,559$6,322$5,568
17 years$11,760$9,843$8,195$6,791$5,605$4,890
18 years$10,991$9,095$7,481$6,120$4,984$4,306
19 years$10,304$8,429$6,849$5,530$4,442$3,800
20 years$9,686$7,833$6,285$5,009$3,968$3,361
21 years$9,128$7,296$5,781$4,546$3,551$2,977
22 years$8,621$6,811$5,328$4,133$3,183$2,641
23 years$8,159$6,370$4,920$3,764$2,857$2,346
24 years$7,736$5,968$4,550$3,433$2,568$2,087
25 years$7,348$5,601$4,214$3,135$2,311$1,858
26 years$6,990$5,264$3,908$2,867$2,082$1,655
27 years$6,659$4,954$3,629$2,624$1,877$1,476
28 years$6,352$4,668$3,374$2,404$1,693$1,318
29 years$6,067$4,404$3,140$2,205$1,529$1,177
30 years$5,801$4,159$2,925$2,023$1,382$1,051
31 years$5,553$3,932$2,726$1,858$1,249$940
32 years$5,321$3,720$2,544$1,708$1,130$840
33 years$5,104$3,523$2,375$1,570$1,023$752
34 years$4,900$3,339$2,219$1,445$926$673
35 years$4,708$3,167$2,075$1,330$839$602
36 years$4,526$3,006$1,941$1,225$760$540
37 years$4,356$2,855$1,817$1,129$689$483
38 years$4,194$2,713$1,701$1,040$624$433
39 years$4,041$2,580$1,594$959$566$388
40 years$3,896$2,455$1,494$885$513$348
41 years$3,759$2,337$1,401$816$466$312
42 years$3,628$2,225$1,314$753$423$279
43 years$3,504$2,120$1,233$695$384$251
44 years$3,386$2,021$1,157$642$348$225
45 years$3,274$1,927$1,087$593$316$202
46 years$3,166$1,839$1,021$548$287$181
47 years$3,064$1,755$959$506$261$162
48 years$2,966$1,675$901$468$237$145
49 years$2,872$1,599$847$432$215$131
50 years$2,783$1,528$796$399$195$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,850,000, adding $6,498 every year, while hoping to spend $36,013 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: 40/47/13 Blend
49$2,850,000$2,850,000$2,850,000$2,850,000
50$3,147,403$2,996,353$2,952,178$3,260,850
51$3,430,120$3,104,856$3,012,758$3,450,176
52$3,740,468$3,217,470$3,074,161$3,650,831
53$4,081,226$3,334,356$3,136,376$3,867,110
54$4,455,457$3,455,686$3,199,391$4,100,444
55$4,866,535$3,581,636$3,263,192$4,352,407
56$5,318,177$3,712,391$3,327,764$4,624,725
57$5,814,477$3,848,144$3,393,089$4,919,297
58$6,359,945$3,989,095$3,459,149$5,238,207
59$6,959,552$4,135,452$3,525,923$5,583,746
60$7,618,771$4,287,435$3,593,387$5,958,432
61$8,343,635$4,445,269$3,661,515$6,365,031
62$9,140,790$4,609,190$3,730,279$6,806,586
63$10,017,556$4,779,447$3,799,649$7,286,442
64$10,982,002$4,956,294$3,869,592$7,808,277
65$12,043,014$5,140,001$3,940,072$8,376,137
66$13,210,387$5,330,846$4,011,049$8,994,470
67$14,494,909$5,529,121$4,082,483$9,668,172
68$15,908,470$5,735,128$4,154,326$10,402,625
69$17,464,170$5,949,185$4,226,532$11,203,754
70$19,176,441$6,171,621$4,299,047$12,078,078
71$21,061,189$6,402,781$4,371,815$13,032,769
72$23,135,936$6,643,024$4,444,777$14,075,720
73$25,419,993$6,892,723$4,517,868$15,215,619
74$27,934,635$7,152,269$4,591,020$16,462,029
75$30,703,307$7,422,070$4,664,159$17,825,474
76$33,751,844$7,702,551$4,737,207$19,317,542
77$37,108,710$7,994,154$4,810,082$20,950,987
78$40,805,273$8,297,342$4,882,694$22,739,853
79$44,876,097$8,612,598$4,954,951$24,699,602
80$49,359,269$8,940,425$5,026,751$26,847,255
81$54,296,757$9,281,349$5,097,990$29,201,559
82$59,734,809$9,635,917$5,168,556$31,783,155
83$65,724,385$10,004,703$5,238,328$34,614,772
84$72,321,642$10,388,303$5,307,181$37,721,441
85$79,588,460$10,787,340$5,374,982$41,130,730
86$87,593,028$11,202,465$5,441,589$44,872,999
87$96,410,489$11,634,358$5,506,855$48,981,684
88$106,123,644$12,083,727$5,570,620$53,493,614
89$116,823,739$12,551,312$5,632,719$58,449,352
90$128,611,321$13,037,888$5,692,975$63,893,577
91$141,597,191$13,544,259$5,751,205$69,875,504
92$155,903,446$14,071,269$5,807,212$76,449,343
93$171,664,634$14,619,798$5,860,790$83,674,808
94$189,029,024$15,190,765$5,911,723$91,617,680
95$208,160,000$15,785,129$5,959,782$100,350,423
96$229,237,612$16,403,892$6,004,727$109,952,864
97$252,460,267$17,048,101$6,046,304$120,512,943
98$278,046,606$17,718,850$6,084,247$132,127,541
99$306,237,567$18,417,280$6,118,276$144,903,389
100$337,298,656$19,144,585$6,148,096$158,958,072