Can I retire at age 50 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$236,176$234,072$232,020$230,017$228,060$226,150
2 years$116,919$114,741$112,631$110,585$108,600$106,674
3 years$77,172$74,985$72,880$70,853$68,900$67,019
4 years$57,302$55,122$53,038$51,045$49,140$47,318
5 years$45,383$43,216$41,159$39,208$37,356$35,598
6 years$37,440$35,289$33,263$31,355$29,558$27,867
7 years$31,769$29,636$27,642$25,779$24,039$22,415
8 years$27,517$25,403$23,442$21,625$19,943$18,387
9 years$24,212$22,118$20,191$18,420$16,794$15,306
10 years$21,569$19,496$17,603$15,878$14,310$12,887
11 years$19,408$17,356$15,497$13,819$12,307$10,949
12 years$17,609$15,578$13,753$12,121$10,665$9,371
13 years$16,088$14,078$12,288$10,701$9,300$8,068
14 years$14,785$12,796$11,041$9,499$8,152$6,982
15 years$13,657$11,690$9,968$8,471$7,178$6,066
16 years$12,671$10,725$9,038$7,585$6,344$5,290
17 years$11,802$9,878$8,224$6,815$5,625$4,626
18 years$11,030$9,127$7,507$6,142$5,001$4,057
19 years$10,340$8,459$6,873$5,550$4,458$3,565
20 years$9,720$7,861$6,307$5,026$3,982$3,139
21 years$9,160$7,322$5,802$4,562$3,563$2,768
22 years$8,651$6,835$5,347$4,148$3,194$2,445
23 years$8,188$6,392$4,937$3,777$2,867$2,162
24 years$7,763$5,989$4,566$3,445$2,577$1,914
25 years$7,374$5,621$4,229$3,146$2,319$1,696
26 years$7,014$5,282$3,922$2,877$2,089$1,504
27 years$6,682$4,971$3,642$2,633$1,883$1,335
28 years$6,374$4,684$3,386$2,413$1,699$1,186
29 years$6,088$4,419$3,151$2,212$1,534$1,054
30 years$5,822$4,174$2,935$2,030$1,386$937
31 years$5,573$3,945$2,736$1,865$1,253$834
32 years$5,340$3,733$2,553$1,714$1,134$742
33 years$5,122$3,535$2,384$1,576$1,026$660
34 years$4,917$3,351$2,227$1,450$929$588
35 years$4,724$3,178$2,082$1,335$841$524
36 years$4,542$3,016$1,948$1,229$762$467
37 years$4,371$2,865$1,823$1,133$691$416
38 years$4,209$2,723$1,707$1,044$626$371
39 years$4,055$2,589$1,599$963$568$331
40 years$3,910$2,463$1,499$888$515$295
41 years$3,772$2,345$1,406$819$467$263
42 years$3,641$2,233$1,319$756$424$235
43 years$3,517$2,128$1,237$698$385$209
44 years$3,398$2,028$1,162$644$349$187
45 years$3,285$1,934$1,091$595$317$167
46 years$3,177$1,845$1,024$550$288$149
47 years$3,075$1,761$962$508$262$133
48 years$2,976$1,681$904$469$238$118
49 years$2,882$1,605$850$434$216$106
50 years$2,792$1,533$799$401$196$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,860,000, adding $6,289 every year, while hoping to spend $36,539 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: 39/40/21 Blend
49$2,860,000$2,860,000$2,860,000$2,860,000
50$3,158,207$3,006,627$2,962,297$3,261,406
51$3,441,467$3,115,075$3,022,657$3,444,763
52$3,752,395$3,227,611$3,083,814$3,638,969
53$4,093,774$3,344,399$3,145,757$3,848,219
54$4,468,671$3,465,607$3,208,472$4,073,898
55$4,880,463$3,591,409$3,271,943$4,317,530
56$5,332,872$3,721,990$3,336,155$4,580,786
57$5,829,996$3,857,539$3,401,087$4,865,504
58$6,376,352$3,998,255$3,466,720$5,173,704
59$6,976,915$4,144,344$3,533,030$5,507,606
60$7,637,166$4,296,022$3,599,992$5,869,650
61$8,363,143$4,453,514$3,667,578$6,262,520
62$9,161,500$4,617,052$3,735,759$6,689,167
63$10,039,567$4,786,882$3,804,500$7,152,837
64$11,005,420$4,963,256$3,873,768$7,657,099
65$12,067,957$5,146,440$3,943,524$8,205,882
66$13,236,983$5,336,710$4,013,726$8,803,504
67$14,523,299$5,534,352$4,084,329$9,454,721
68$15,938,808$5,739,668$4,155,287$10,164,763
69$17,496,624$5,952,969$4,226,546$10,939,386
70$19,211,197$6,174,582$4,298,053$11,784,925
71$21,098,449$6,404,846$4,369,748$12,708,354
72$23,175,923$6,644,116$4,441,567$13,717,347
73$25,462,951$6,892,762$4,513,443$14,820,353
74$27,980,833$7,151,168$4,585,304$16,026,673
75$30,753,039$7,419,737$4,657,074$17,346,546
76$33,805,433$7,698,888$4,728,669$18,791,246
77$37,166,512$7,989,058$4,800,004$20,373,184
78$40,867,678$8,290,703$4,870,986$22,106,030
79$44,943,534$8,604,300$4,941,517$24,004,832
80$49,432,208$8,930,345$5,011,492$26,086,163
81$54,375,717$9,269,356$5,080,801$28,368,276
82$59,820,359$9,621,873$5,149,326$30,871,269
83$65,817,151$9,988,461$5,216,944$33,617,279
84$72,422,313$10,369,707$5,283,524$36,630,685
85$79,697,792$10,766,227$5,348,926$39,938,342
86$87,711,856$11,178,660$5,413,003$43,569,824
87$96,539,728$11,607,677$5,475,601$47,557,709
88$106,264,302$12,053,976$5,536,556$51,937,881
89$116,976,926$12,518,285$5,595,695$56,749,868
90$128,778,257$13,001,366$5,652,836$62,037,210
91$141,779,219$13,504,012$5,707,786$67,847,873
92$156,102,045$14,027,055$5,760,342$74,234,693
93$171,881,431$14,571,358$5,810,292$81,255,879
94$189,265,810$15,137,828$5,857,409$88,975,553
95$208,418,748$15,727,407$5,901,458$97,464,359
96$229,520,493$16,341,082$5,942,189$106,800,123
97$252,769,671$16,979,883$5,979,340$117,068,587
98$278,385,165$17,644,884$6,012,636$128,364,214
99$306,608,178$18,337,210$6,041,786$140,791,077
100$337,704,512$19,058,034$6,066,485$154,463,838