Can I retire at age 50 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$237,002$234,891$232,831$230,821$228,858$222,066
2 years$117,328$115,143$113,025$110,972$108,980$102,193
3 years$77,441$75,247$73,135$71,101$69,141$62,573
4 years$57,502$55,314$53,223$51,224$49,312$43,012
5 years$45,542$43,367$41,303$39,345$37,486$31,472
6 years$37,571$35,413$33,379$31,464$29,662$23,938
7 years$31,880$29,739$27,738$25,869$24,123$18,690
8 years$27,613$25,492$23,524$21,701$20,012$14,867
9 years$24,296$22,196$20,261$18,484$16,853$11,990
10 years$21,645$19,564$17,664$15,933$14,360$9,772
11 years$19,476$17,417$15,551$13,867$12,350$8,029
12 years$17,671$15,632$13,802$12,163$10,702$6,640
13 years$16,144$14,127$12,331$10,738$9,332$5,520
14 years$14,837$12,841$11,079$9,532$8,181$4,608
15 years$13,705$11,731$10,003$8,501$7,203$3,860
16 years$12,715$10,763$9,069$7,612$6,366$3,243
17 years$11,843$9,912$8,253$6,839$5,645$2,731
18 years$11,068$9,159$7,534$6,163$5,019$2,304
19 years$10,376$8,489$6,897$5,569$4,473$1,947
20 years$9,754$7,888$6,329$5,044$3,996$1,647
21 years$9,192$7,347$5,822$4,578$3,576$1,396
22 years$8,682$6,859$5,366$4,162$3,205$1,183
23 years$8,216$6,415$4,954$3,791$2,877$1,004
24 years$7,791$6,010$4,582$3,457$2,586$853
25 years$7,399$5,640$4,244$3,157$2,327$725
26 years$7,039$5,301$3,936$2,887$2,096$616
27 years$6,706$4,989$3,655$2,642$1,890$524
28 years$6,397$4,701$3,398$2,421$1,705$446
29 years$6,110$4,435$3,162$2,220$1,540$379
30 years$5,842$4,188$2,945$2,038$1,391$323
31 years$5,592$3,959$2,746$1,871$1,258$275
32 years$5,359$3,746$2,562$1,720$1,138$234
33 years$5,140$3,548$2,392$1,581$1,030$199
34 years$4,934$3,362$2,235$1,455$932$170
35 years$4,741$3,189$2,089$1,340$844$145
36 years$4,558$3,027$1,955$1,234$765$123
37 years$4,386$2,875$1,829$1,137$693$105
38 years$4,224$2,732$1,713$1,048$629$90
39 years$4,070$2,598$1,605$966$570$76
40 years$3,924$2,472$1,504$891$517$65
41 years$3,785$2,353$1,411$822$469$55
42 years$3,654$2,241$1,323$759$426$47
43 years$3,529$2,135$1,242$700$386$40
44 years$3,410$2,035$1,166$647$351$34
45 years$3,297$1,941$1,094$597$318$29
46 years$3,188$1,851$1,028$552$289$25
47 years$3,085$1,767$966$510$262$21
48 years$2,987$1,687$907$471$238$18
49 years$2,892$1,611$853$435$216$15
50 years$2,802$1,539$802$402$197$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,870,000, adding $2,914 every year, while hoping to spend $48,776 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: 72/5/23 Blend
49$2,870,000$2,870,000$2,870,000$2,870,000
50$3,165,746$3,013,636$2,969,151$3,375,425
51$3,436,755$3,109,407$3,016,720$3,611,375
52$3,733,771$3,208,236$3,064,248$3,863,658
53$4,059,398$3,310,221$3,111,682$4,138,788
54$4,416,499$3,415,464$3,158,966$4,439,031
55$4,808,230$3,524,070$3,206,039$4,766,882
56$5,238,067$3,636,147$3,252,839$5,125,090
57$5,709,838$3,751,806$3,299,298$5,516,681
58$6,227,761$3,871,164$3,345,344$5,944,992
59$6,796,481$3,994,339$3,390,901$6,413,697
60$7,421,115$4,121,455$3,435,889$6,926,843
61$8,107,300$4,252,639$3,480,223$7,488,890
62$8,861,248$4,388,021$3,523,814$8,104,751
63$9,689,799$4,527,737$3,566,565$8,779,838
64$10,600,490$4,671,928$3,608,376$9,520,117
65$11,601,625$4,820,737$3,649,142$10,332,157
66$12,702,352$4,974,315$3,688,749$11,223,199
67$13,912,750$5,132,814$3,727,081$12,201,220
68$15,243,923$5,296,395$3,764,011$13,275,009
69$16,708,107$5,465,222$3,799,409$14,454,252
70$18,318,780$5,639,464$3,833,136$15,749,619
71$20,090,796$5,819,298$3,865,045$17,172,870
72$22,040,516$6,004,903$3,894,984$18,736,963
73$24,185,973$6,196,468$3,922,790$20,456,174
74$26,547,033$6,394,185$3,948,294$22,346,235
75$29,145,584$6,598,254$3,971,315$24,424,484
76$32,005,746$6,808,881$3,991,667$26,710,024
77$35,154,095$7,026,279$4,009,151$29,223,905
78$38,619,914$7,250,668$4,023,559$31,989,325
79$42,435,470$7,482,275$4,034,673$35,031,845
80$46,636,317$7,721,335$4,042,263$38,379,634
81$51,261,632$7,968,091$4,046,089$42,063,731
82$56,354,583$8,222,793$4,045,899$46,118,343
83$61,962,740$8,485,700$4,041,426$50,581,163
84$68,138,519$8,757,078$4,032,393$55,493,728
85$74,939,678$9,037,205$4,018,508$60,901,813
86$82,429,863$9,326,366$3,999,466$66,855,857
87$90,679,206$9,624,855$3,974,945$73,411,448
88$99,764,990$9,932,977$3,944,610$80,629,839
89$109,772,373$10,251,047$3,908,109$88,578,534
90$120,795,197$10,579,390$3,865,072$97,331,919
91$132,936,869$10,918,343$3,815,114$106,971,968
92$146,311,340$11,268,251$3,757,831$117,589,017
93$161,044,176$11,629,475$3,692,797$129,282,613
94$177,273,747$12,002,385$3,619,572$142,162,460
95$195,152,532$12,387,364$3,537,690$156,349,450
96$214,848,553$12,784,808$3,446,665$171,976,805
97$236,546,969$13,195,127$3,345,992$189,191,338
98$260,451,814$13,618,742$3,235,137$208,154,836
99$286,787,931$14,056,093$3,113,546$229,045,588
100$315,803,088$14,507,629$2,980,637$252,060,069