Can I retire at age 50 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$238,653$236,528$234,454$232,429$230,453$226,822
2 years$118,145$115,945$113,812$111,745$109,739$106,091
3 years$77,981$75,771$73,644$71,596$69,623$66,070
4 years$57,903$55,700$53,594$51,581$49,656$46,226
5 years$45,859$43,669$41,591$39,619$37,748$34,451
6 years$37,833$35,659$33,612$31,684$29,868$26,708
7 years$32,102$29,947$27,932$26,049$24,291$21,269
8 years$27,805$25,670$23,688$21,852$20,152$17,267
9 years$24,466$22,350$20,403$18,613$16,971$14,222
10 years$21,795$19,701$17,788$16,044$14,460$11,845
11 years$19,612$17,538$15,660$13,964$12,436$9,952
12 years$17,794$15,741$13,898$12,248$10,777$8,420
13 years$16,257$14,226$12,417$10,813$9,398$7,165
14 years$14,940$12,931$11,156$9,599$8,238$6,126
15 years$13,800$11,812$10,073$8,560$7,253$5,259
16 years$12,804$10,838$9,132$7,665$6,410$4,529
17 years$11,925$9,981$8,310$6,887$5,684$3,911
18 years$11,146$9,223$7,586$6,206$5,054$3,385
19 years$10,449$8,548$6,945$5,608$4,505$2,936
20 years$9,822$7,943$6,374$5,079$4,024$2,551
21 years$9,256$7,399$5,862$4,610$3,601$2,220
22 years$8,742$6,906$5,403$4,191$3,228$1,934
23 years$8,274$6,459$4,989$3,817$2,897$1,687
24 years$7,845$6,052$4,614$3,481$2,604$1,473
25 years$7,451$5,679$4,273$3,179$2,343$1,287
26 years$7,088$5,338$3,963$2,907$2,111$1,125
27 years$6,752$5,024$3,680$2,661$1,903$984
28 years$6,441$4,734$3,421$2,438$1,717$862
29 years$6,152$4,466$3,184$2,236$1,551$755
30 years$5,883$4,217$2,966$2,052$1,401$661
31 years$5,631$3,987$2,765$1,884$1,267$580
32 years$5,396$3,772$2,580$1,732$1,146$508
33 years$5,176$3,572$2,409$1,593$1,037$446
34 years$4,968$3,386$2,250$1,465$939$391
35 years$4,774$3,211$2,104$1,349$850$343
36 years$4,590$3,048$1,968$1,242$770$301
37 years$4,417$2,895$1,842$1,145$698$264
38 years$4,253$2,751$1,725$1,055$633$232
39 years$4,098$2,616$1,616$973$574$204
40 years$3,951$2,489$1,515$897$521$179
41 years$3,812$2,369$1,421$828$472$157
42 years$3,679$2,257$1,332$764$429$138
43 years$3,554$2,150$1,250$705$389$121
44 years$3,434$2,049$1,174$651$353$106
45 years$3,320$1,954$1,102$601$321$93
46 years$3,211$1,864$1,035$555$291$82
47 years$3,107$1,779$972$513$264$72
48 years$3,007$1,698$914$474$240$63
49 years$2,913$1,622$859$438$218$56
50 years$2,822$1,549$808$405$198$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,890,000, adding $5,344 every year, while hoping to spend $29,335 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: 56/21/23 Blend
49$2,890,000$2,890,000$2,890,000$2,890,000
50$3,190,292$3,037,122$2,992,327$3,348,718
51$3,484,490$3,154,729$3,061,358$3,575,348
52$3,807,713$3,277,115$3,131,718$3,818,575
53$4,162,890$3,404,485$3,203,421$4,082,940
54$4,553,249$3,537,049$3,276,480$4,370,486
55$4,982,345$3,675,029$3,350,908$4,683,459
56$5,454,097$3,818,658$3,426,715$5,024,330
57$5,972,819$3,968,176$3,503,914$5,395,818
58$6,543,266$4,123,837$3,582,515$5,800,915
59$7,170,678$4,285,903$3,662,528$6,242,916
60$7,860,825$4,454,651$3,743,961$6,725,445
61$8,620,068$4,630,367$3,826,822$7,252,492
62$9,455,413$4,813,353$3,911,118$7,828,448
63$10,374,580$5,003,922$3,996,856$8,458,149
64$11,386,075$5,202,403$4,084,039$9,146,917
65$12,499,272$5,409,137$4,172,671$9,900,614
66$13,724,497$5,624,484$4,262,755$10,725,690
67$15,073,129$5,848,818$4,354,291$11,629,253
68$16,557,707$6,082,529$4,447,278$12,619,125
69$18,192,046$6,326,026$4,541,715$13,703,921
70$19,991,370$6,579,736$4,637,597$14,893,130
71$21,972,452$6,844,105$4,734,919$16,197,201
72$24,153,776$7,119,601$4,833,673$17,627,640
73$26,555,710$7,406,709$4,933,850$19,197,123
74$29,200,695$7,705,942$5,035,437$20,919,608
75$32,113,463$8,017,829$5,138,421$22,810,472
76$35,321,264$8,342,930$5,242,785$24,886,649
77$38,854,125$8,681,826$5,348,511$27,166,796
78$42,745,136$9,035,126$5,455,577$29,671,461
79$47,030,759$9,403,466$5,563,957$32,423,279
80$51,751,172$9,787,512$5,673,626$35,447,186
81$56,950,650$10,187,959$5,784,551$38,770,652
82$62,677,983$10,605,535$5,896,700$42,423,937
83$68,986,931$11,041,001$6,010,034$46,440,377
84$75,936,741$11,495,152$6,124,512$50,856,700
85$83,592,694$11,968,820$6,240,089$55,713,365
86$92,026,733$12,462,876$6,356,716$61,054,949
87$101,318,132$12,978,230$6,474,339$66,930,563
88$111,554,252$13,515,833$6,592,899$73,394,314
89$122,831,358$14,076,682$6,712,334$80,505,814
90$135,255,534$14,661,817$6,832,575$88,330,743
91$148,943,681$15,272,328$6,953,548$96,941,465
92$164,024,619$15,909,355$7,075,174$106,417,710
93$180,640,306$16,574,089$7,197,369$116,847,327
94$198,947,176$17,267,778$7,320,040$128,327,107
95$219,117,617$17,991,728$7,443,089$140,963,698
96$241,341,593$18,747,302$7,566,413$154,874,607
97$265,828,446$19,535,930$7,689,898$170,189,312
98$292,808,863$20,359,107$7,813,425$187,050,475
99$322,537,059$21,218,395$7,936,866$205,615,292
100$355,293,174$22,115,431$8,060,086$226,056,971