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

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$238,653$236,528$234,454$232,429$230,453$227,856
2 years$118,145$115,945$113,812$111,745$109,739$107,126
3 years$77,981$75,771$73,644$71,596$69,623$67,073
4 years$57,903$55,700$53,594$51,581$49,656$47,189
5 years$45,859$43,669$41,591$39,619$37,748$35,372
6 years$37,833$35,659$33,612$31,684$29,868$27,586
7 years$32,102$29,947$27,932$26,049$24,291$22,103
8 years$27,805$25,670$23,688$21,852$20,152$18,058
9 years$24,466$22,350$20,403$18,613$16,971$14,970
10 years$21,795$19,701$17,788$16,044$14,460$12,552
11 years$19,612$17,538$15,660$13,964$12,436$10,618
12 years$17,794$15,741$13,898$12,248$10,777$9,047
13 years$16,257$14,226$12,417$10,813$9,398$7,755
14 years$14,940$12,931$11,156$9,599$8,238$6,679
15 years$13,800$11,812$10,073$8,560$7,253$5,776
16 years$12,804$10,838$9,132$7,665$6,410$5,013
17 years$11,925$9,981$8,310$6,887$5,684$4,363
18 years$11,146$9,223$7,586$6,206$5,054$3,806
19 years$10,449$8,548$6,945$5,608$4,505$3,328
20 years$9,822$7,943$6,374$5,079$4,024$2,915
21 years$9,256$7,399$5,862$4,610$3,601$2,558
22 years$8,742$6,906$5,403$4,191$3,228$2,247
23 years$8,274$6,459$4,989$3,817$2,897$1,977
24 years$7,845$6,052$4,614$3,481$2,604$1,740
25 years$7,451$5,679$4,273$3,179$2,343$1,534
26 years$7,088$5,338$3,963$2,907$2,111$1,353
27 years$6,752$5,024$3,680$2,661$1,903$1,194
28 years$6,441$4,734$3,421$2,438$1,717$1,055
29 years$6,152$4,466$3,184$2,236$1,551$932
30 years$5,883$4,217$2,966$2,052$1,401$824
31 years$5,631$3,987$2,765$1,884$1,267$729
32 years$5,396$3,772$2,580$1,732$1,146$645
33 years$5,176$3,572$2,409$1,593$1,037$571
34 years$4,968$3,386$2,250$1,465$939$505
35 years$4,774$3,211$2,104$1,349$850$447
36 years$4,590$3,048$1,968$1,242$770$396
37 years$4,417$2,895$1,842$1,145$698$351
38 years$4,253$2,751$1,725$1,055$633$311
39 years$4,098$2,616$1,616$973$574$276
40 years$3,951$2,489$1,515$897$521$244
41 years$3,812$2,369$1,421$828$472$217
42 years$3,679$2,257$1,332$764$429$192
43 years$3,554$2,150$1,250$705$389$170
44 years$3,434$2,049$1,174$651$353$151
45 years$3,320$1,954$1,102$601$321$134
46 years$3,211$1,864$1,035$555$291$119
47 years$3,107$1,779$972$513$264$105
48 years$3,007$1,698$914$474$240$93
49 years$2,913$1,622$859$438$218$83
50 years$2,822$1,549$808$405$198$74

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 $4,610 every year, while hoping to spend $44,669 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: 51/26/23 Blend
49$2,890,000$2,890,000$2,890,000$2,890,000
50$3,189,535$3,036,365$2,991,570$3,331,487
51$3,467,340$3,137,620$3,044,260$3,531,549
52$3,771,984$3,242,338$3,097,218$3,744,023
53$4,106,158$3,350,644$3,150,406$3,974,129
54$4,472,824$3,462,664$3,203,783$4,223,559
55$4,875,248$3,578,530$3,257,305$4,494,171
56$5,317,023$3,698,378$3,310,925$4,788,014
57$5,802,111$3,822,350$3,364,593$5,107,340
58$6,334,876$3,950,594$3,418,256$5,454,627
59$6,920,121$4,083,262$3,471,856$5,832,607
60$7,563,144$4,220,512$3,525,333$6,244,283
61$8,269,775$4,362,508$3,578,622$6,692,962
62$9,046,442$4,509,420$3,631,656$7,182,287
63$9,900,222$4,661,425$3,684,359$7,716,267
64$10,838,916$4,818,706$3,736,657$8,299,318
65$11,871,116$4,981,453$3,788,466$8,936,300
66$13,006,290$5,149,864$3,839,699$9,632,569
67$14,254,867$5,324,143$3,890,264$10,394,019
68$15,628,340$5,504,503$3,940,065$11,227,146
69$17,139,371$5,691,164$3,988,997$12,139,101
70$18,801,911$5,884,354$4,036,953$13,137,761
71$20,631,330$6,084,313$4,083,815$14,231,803
72$22,644,567$6,291,285$4,129,465$15,430,785
73$24,860,283$6,505,528$4,173,771$16,745,234
74$27,299,040$6,727,307$4,216,600$18,186,747
75$29,983,494$6,956,897$4,257,809$19,768,100
76$32,938,611$7,194,586$4,297,247$21,503,365
77$36,191,900$7,440,671$4,334,755$23,408,047
78$39,773,671$7,695,461$4,370,166$25,499,226
79$43,717,324$7,959,277$4,403,305$27,795,718
80$48,059,661$8,232,452$4,433,986$30,318,256
81$52,841,237$8,515,332$4,462,015$33,089,680
82$58,106,738$8,808,278$4,487,187$36,135,153
83$63,905,403$9,111,662$4,509,286$39,482,401
84$70,291,494$9,425,874$4,528,087$43,161,972
85$77,324,800$9,751,315$4,543,351$47,207,521
86$85,071,206$10,088,406$4,554,830$51,656,134
87$93,603,312$10,437,581$4,562,260$56,548,670
88$103,001,121$10,799,293$4,565,367$61,930,150
89$113,352,790$11,174,013$4,563,861$67,850,180
90$124,755,464$11,562,229$4,557,439$74,363,419
91$137,316,192$11,964,449$4,545,785$81,530,094
92$151,152,939$12,381,202$4,528,563$89,416,569
93$166,395,694$12,813,036$4,505,425$98,095,967
94$183,187,702$13,260,522$4,476,005$107,648,865
95$201,686,814$13,724,255$4,439,918$118,164,048
96$222,066,976$14,204,850$4,396,761$129,739,350
97$244,519,869$14,702,949$4,346,115$142,482,576
98$269,256,723$15,219,221$4,287,537$156,512,518
99$296,510,304$15,754,358$4,220,564$171,960,075
100$326,537,116$16,309,083$4,144,715$188,969,491