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

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$237,002$234,891$232,831$230,821$228,858$221,266
2 years$117,328$115,143$113,025$110,972$108,980$101,405
3 years$77,441$75,247$73,135$71,101$69,141$61,821
4 years$57,502$55,314$53,223$51,224$49,312$42,303
5 years$45,542$43,367$41,303$39,345$37,486$30,806
6 years$37,571$35,413$33,379$31,464$29,662$23,316
7 years$31,880$29,739$27,738$25,869$24,123$18,112
8 years$27,613$25,492$23,524$21,701$20,012$14,330
9 years$24,296$22,196$20,261$18,484$16,853$11,494
10 years$21,645$19,564$17,664$15,933$14,360$9,315
11 years$19,476$17,417$15,551$13,867$12,350$7,610
12 years$17,671$15,632$13,802$12,163$10,702$6,256
13 years$16,144$14,127$12,331$10,738$9,332$5,169
14 years$14,837$12,841$11,079$9,532$8,181$4,288
15 years$13,705$11,731$10,003$8,501$7,203$3,570
16 years$12,715$10,763$9,069$7,612$6,366$2,979
17 years$11,843$9,912$8,253$6,839$5,645$2,492
18 years$11,068$9,159$7,534$6,163$5,019$2,088
19 years$10,376$8,489$6,897$5,569$4,473$1,753
20 years$9,754$7,888$6,329$5,044$3,996$1,473
21 years$9,192$7,347$5,822$4,578$3,576$1,239
22 years$8,682$6,859$5,366$4,162$3,205$1,044
23 years$8,216$6,415$4,954$3,791$2,877$879
24 years$7,791$6,010$4,582$3,457$2,586$741
25 years$7,399$5,640$4,244$3,157$2,327$626
26 years$7,039$5,301$3,936$2,887$2,096$528
27 years$6,706$4,989$3,655$2,642$1,890$446
28 years$6,397$4,701$3,398$2,421$1,705$376
29 years$6,110$4,435$3,162$2,220$1,540$318
30 years$5,842$4,188$2,945$2,038$1,391$269
31 years$5,592$3,959$2,746$1,871$1,258$227
32 years$5,359$3,746$2,562$1,720$1,138$192
33 years$5,140$3,548$2,392$1,581$1,030$162
34 years$4,934$3,362$2,235$1,455$932$137
35 years$4,741$3,189$2,089$1,340$844$116
36 years$4,558$3,027$1,955$1,234$765$98
37 years$4,386$2,875$1,829$1,137$693$83
38 years$4,224$2,732$1,713$1,048$629$70
39 years$4,070$2,598$1,605$966$570$59
40 years$3,924$2,472$1,504$891$517$50
41 years$3,785$2,353$1,411$822$469$42
42 years$3,654$2,241$1,323$759$426$36
43 years$3,529$2,135$1,242$700$386$30
44 years$3,410$2,035$1,166$647$351$26
45 years$3,297$1,941$1,094$597$318$22
46 years$3,188$1,851$1,028$552$289$18
47 years$3,085$1,767$966$510$262$16
48 years$2,987$1,687$907$471$238$13
49 years$2,892$1,611$853$435$216$11
50 years$2,802$1,539$802$402$197$9

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 $5,684 every year, while hoping to spend $25,429 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: 70/20/10 Blend
49$2,870,000$2,870,000$2,870,000$2,870,000
50$3,168,603$3,016,493$2,972,008$3,383,782
51$3,464,744$3,137,245$3,044,514$3,647,836
52$3,790,240$3,263,061$3,118,597$3,933,048
53$4,148,056$3,394,164$3,194,282$4,244,469
54$4,541,464$3,530,783$3,271,596$4,584,674
55$4,974,063$3,673,162$3,350,565$4,956,492
56$5,449,823$3,821,552$3,431,214$5,363,042
57$5,973,115$3,976,218$3,513,570$5,807,754
58$6,548,756$4,137,436$3,597,658$6,294,405
59$7,182,054$4,305,495$3,683,504$6,827,151
60$7,878,856$4,480,697$3,771,134$7,410,570
61$8,645,605$4,663,357$3,860,572$8,049,701
62$9,489,400$4,853,805$3,951,845$8,750,092
63$10,418,063$5,052,386$4,044,976$9,517,852
64$11,440,214$5,259,461$4,139,991$10,359,708
65$12,565,349$5,475,407$4,236,914$11,283,067
66$13,803,931$5,700,619$4,335,767$12,296,086
67$15,167,492$5,935,509$4,436,575$13,407,751
68$16,668,736$6,180,509$4,539,360$14,627,952
69$18,321,663$6,436,070$4,644,145$15,967,589
70$20,141,699$6,702,664$4,750,950$17,438,660
71$22,145,843$6,980,785$4,859,798$19,054,386
72$24,352,824$7,270,949$4,970,706$20,829,324
73$26,783,283$7,573,696$5,083,696$22,779,512
74$29,459,963$7,889,592$5,198,784$24,922,614
75$32,407,924$8,219,227$5,315,989$27,278,090
76$35,654,784$8,563,221$5,435,326$29,867,372
77$39,230,972$8,922,219$5,556,810$32,714,074
78$43,170,023$9,296,900$5,680,455$35,844,206
79$47,508,889$9,687,971$5,806,273$39,286,423
80$52,288,287$10,096,173$5,934,274$43,072,292
81$57,553,089$10,522,282$6,064,469$47,236,591
82$63,352,740$10,967,110$6,196,865$51,817,632
83$69,741,726$11,431,505$6,331,467$56,857,626
84$76,780,089$11,916,356$6,468,278$62,403,075
85$84,533,994$12,422,593$6,607,301$68,505,214
86$93,076,351$12,951,189$6,748,535$75,220,491
87$102,487,504$13,503,163$6,891,976$82,611,097
88$112,855,992$14,079,581$7,037,620$90,745,554
89$124,279,381$14,681,558$7,185,459$99,699,357
90$136,865,187$15,310,263$7,335,480$109,555,688
91$150,731,887$15,966,917$7,487,670$120,406,197
92$166,010,044$16,652,801$7,642,011$132,351,866
93$182,843,534$17,369,253$7,798,484$145,503,960
94$201,390,904$18,117,676$7,957,063$159,985,075
95$221,826,872$18,899,538$8,117,720$175,930,293
96$244,343,972$19,716,375$8,280,423$193,488,454
97$269,154,376$20,569,796$8,445,136$212,823,561
98$296,491,892$21,461,485$8,611,817$234,116,323
99$326,614,172$22,393,206$8,780,421$257,565,860
100$359,805,149$23,366,804$8,950,896$283,391,579