Can I retire at age 50 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$237,828$235,709$233,642$231,625$229,655$221,595
2 years$117,736$115,544$113,419$111,358$109,360$101,324
3 years$77,711$75,509$73,389$71,348$69,382$61,623
4 years$57,703$55,507$53,409$51,402$49,484$42,061
5 years$45,701$43,518$41,447$39,482$37,617$30,550
6 years$37,702$35,536$33,496$31,574$29,765$23,059
7 years$31,991$29,843$27,835$25,959$24,207$17,860
8 years$27,709$25,581$23,606$21,776$20,082$14,090
9 years$24,381$22,273$20,332$18,548$16,912$11,267
10 years$21,720$19,632$17,726$15,989$14,410$9,102
11 years$19,544$17,478$15,606$13,915$12,393$7,411
12 years$17,732$15,687$13,850$12,205$10,739$6,073
13 years$16,200$14,176$12,374$10,776$9,365$5,001
14 years$14,888$12,886$11,118$9,565$8,209$4,134
15 years$13,752$11,772$10,038$8,531$7,228$3,429
16 years$12,759$10,800$9,101$7,638$6,388$2,852
17 years$11,884$9,947$8,281$6,863$5,664$2,377
18 years$11,107$9,191$7,560$6,185$5,036$1,984
19 years$10,413$8,518$6,921$5,589$4,489$1,659
20 years$9,788$7,916$6,351$5,062$4,010$1,389
21 years$9,224$7,373$5,842$4,594$3,588$1,164
22 years$8,712$6,882$5,384$4,177$3,216$976
23 years$8,245$6,437$4,972$3,804$2,887$819
24 years$7,818$6,031$4,598$3,469$2,595$688
25 years$7,425$5,660$4,259$3,168$2,335$578
26 years$7,063$5,319$3,950$2,897$2,103$486
27 years$6,729$5,006$3,668$2,652$1,896$409
28 years$6,419$4,717$3,409$2,429$1,711$344
29 years$6,131$4,450$3,173$2,228$1,545$289
30 years$5,862$4,203$2,955$2,045$1,396$243
31 years$5,612$3,973$2,755$1,878$1,262$205
32 years$5,377$3,759$2,571$1,726$1,142$172
33 years$5,158$3,560$2,400$1,587$1,033$145
34 years$4,951$3,374$2,243$1,460$936$122
35 years$4,757$3,200$2,097$1,344$847$103
36 years$4,574$3,038$1,961$1,238$768$87
37 years$4,401$2,885$1,836$1,141$696$73
38 years$4,238$2,742$1,719$1,051$631$62
39 years$4,084$2,607$1,611$969$572$52
40 years$3,937$2,480$1,510$894$519$44
41 years$3,799$2,361$1,416$825$471$37
42 years$3,667$2,249$1,328$761$427$31
43 years$3,541$2,143$1,246$703$388$26
44 years$3,422$2,042$1,170$649$352$22
45 years$3,308$1,948$1,098$599$319$19
46 years$3,200$1,858$1,031$554$290$16
47 years$3,096$1,773$969$511$263$13
48 years$2,997$1,693$911$473$239$11
49 years$2,902$1,616$856$437$217$9
50 years$2,812$1,544$805$404$197$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,880,000, adding $2,597 every year, while hoping to spend $42,296 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: 29/48/23 Blend
49$2,880,000$2,880,000$2,880,000$2,880,000
50$3,176,439$3,023,799$2,979,159$3,245,668
51$3,455,433$3,126,962$3,033,958$3,402,699
52$3,761,467$3,233,763$3,089,175$3,567,489
53$4,097,254$3,344,335$3,144,780$3,743,782
54$4,465,783$3,458,817$3,200,740$3,932,594
55$4,870,347$3,577,352$3,257,018$4,135,041
56$5,314,571$3,700,091$3,313,577$4,352,350
57$5,802,450$3,827,189$3,370,375$4,585,864
58$6,338,386$3,958,807$3,427,368$4,837,062
59$6,927,226$4,095,113$3,484,509$5,107,566
60$7,574,310$4,236,281$3,541,748$5,399,159
61$8,285,524$4,382,493$3,599,030$5,713,799
62$9,067,348$4,533,936$3,656,299$6,053,640
63$9,926,924$4,690,805$3,713,491$6,421,046
64$10,872,120$4,853,305$3,770,543$6,818,620
65$11,911,605$5,021,645$3,827,385$7,249,222
66$13,054,929$5,196,046$3,883,942$7,715,997
67$14,312,614$5,376,735$3,940,137$8,222,404
68$15,696,255$5,563,949$3,995,886$8,772,247
69$17,218,626$5,757,935$4,051,101$9,369,713
70$18,893,801$5,958,949$4,105,688$10,019,407
71$20,737,289$6,167,258$4,159,549$10,726,394
72$22,766,176$6,383,137$4,212,578$11,496,251
73$24,999,291$6,606,876$4,264,664$12,335,113
74$27,457,379$6,838,773$4,315,691$13,249,734
75$30,163,299$7,079,141$4,365,534$14,247,545
76$33,142,239$7,328,302$4,414,062$15,336,730
77$36,421,952$7,586,594$4,461,139$16,526,293
78$40,033,022$7,854,367$4,506,617$17,826,151
79$44,009,145$8,131,987$4,550,344$19,247,221
80$48,387,455$8,419,831$4,592,157$20,801,521
81$53,208,868$8,718,295$4,631,887$22,502,287
82$58,518,470$9,027,789$4,669,353$24,364,091
83$64,365,944$9,348,741$4,704,367$26,402,981
84$70,806,037$9,681,596$4,736,729$28,636,629
85$77,899,074$10,026,815$4,766,231$31,084,499
86$85,711,531$10,384,881$4,792,651$33,768,026
87$94,316,662$10,756,295$4,815,760$36,710,816
88$103,795,186$11,141,578$4,835,313$39,938,872
89$114,236,055$11,541,275$4,851,055$43,480,833
90$125,737,285$11,955,950$4,862,718$47,368,246
91$138,406,889$12,386,192$4,870,020$51,635,858
92$152,363,891$12,832,615$4,872,665$56,321,947
93$167,739,452$13,295,857$4,870,343$61,468,676
94$184,678,104$13,776,583$4,862,728$67,122,492
95$203,339,121$14,275,485$4,849,479$73,334,565
96$223,898,012$14,793,284$4,830,238$80,161,261
97$246,548,186$15,330,733$4,804,628$87,664,680
98$271,502,774$15,888,612$4,772,256$95,913,235
99$298,996,641$16,467,737$4,732,710$104,982,296
100$329,288,600$17,068,958$4,685,558$114,954,901