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%19.6%
1 years$238,653$236,528$234,454$232,429$230,453$221,572
2 years$118,145$115,945$113,812$111,745$109,739$100,898
3 years$77,981$75,771$73,644$71,596$69,623$61,099
4 years$57,903$55,700$53,594$51,581$49,656$41,515
5 years$45,859$43,669$41,591$39,619$37,748$30,010
6 years$37,833$35,659$33,612$31,684$29,868$22,539
7 years$32,102$29,947$27,932$26,049$24,291$17,368
8 years$27,805$25,670$23,688$21,852$20,152$13,629
9 years$24,466$22,350$20,403$18,613$16,971$10,838
10 years$21,795$19,701$17,788$16,044$14,460$8,706
11 years$19,612$17,538$15,660$13,964$12,436$7,048
12 years$17,794$15,741$13,898$12,248$10,777$5,740
13 years$16,257$14,226$12,417$10,813$9,398$4,698
14 years$14,940$12,931$11,156$9,599$8,238$3,859
15 years$13,800$11,812$10,073$8,560$7,253$3,181
16 years$12,804$10,838$9,132$7,665$6,410$2,628
17 years$11,925$9,981$8,310$6,887$5,684$2,176
18 years$11,146$9,223$7,586$6,206$5,054$1,804
19 years$10,449$8,548$6,945$5,608$4,505$1,498
20 years$9,822$7,943$6,374$5,079$4,024$1,246
21 years$9,256$7,399$5,862$4,610$3,601$1,037
22 years$8,742$6,906$5,403$4,191$3,228$863
23 years$8,274$6,459$4,989$3,817$2,897$720
24 years$7,845$6,052$4,614$3,481$2,604$600
25 years$7,451$5,679$4,273$3,179$2,343$501
26 years$7,088$5,338$3,963$2,907$2,111$418
27 years$6,752$5,024$3,680$2,661$1,903$349
28 years$6,441$4,734$3,421$2,438$1,717$291
29 years$6,152$4,466$3,184$2,236$1,551$243
30 years$5,883$4,217$2,966$2,052$1,401$203
31 years$5,631$3,987$2,765$1,884$1,267$170
32 years$5,396$3,772$2,580$1,732$1,146$142
33 years$5,176$3,572$2,409$1,593$1,037$119
34 years$4,968$3,386$2,250$1,465$939$99
35 years$4,774$3,211$2,104$1,349$850$83
36 years$4,590$3,048$1,968$1,242$770$69
37 years$4,417$2,895$1,842$1,145$698$58
38 years$4,253$2,751$1,725$1,055$633$48
39 years$4,098$2,616$1,616$973$574$40
40 years$3,951$2,489$1,515$897$521$34
41 years$3,812$2,369$1,421$828$472$28
42 years$3,679$2,257$1,332$764$429$24
43 years$3,554$2,150$1,250$705$389$20
44 years$3,434$2,049$1,174$651$353$17
45 years$3,320$1,954$1,102$601$321$14
46 years$3,211$1,864$1,035$555$291$12
47 years$3,107$1,779$972$513$264$10
48 years$3,007$1,698$914$474$240$8
49 years$2,913$1,622$859$438$218$7
50 years$2,822$1,549$808$405$198$6

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 $6,636 every year, while hoping to spend $26,216 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: 41/45/14 Blend
49$2,890,000$2,890,000$2,890,000$2,890,000
50$3,191,625$3,038,455$2,993,660$3,309,026
51$3,489,277$3,159,446$3,066,054$3,513,481
52$3,816,411$3,285,486$3,139,995$3,731,543
53$4,176,007$3,416,797$3,215,506$3,966,988
54$4,571,346$3,553,606$3,292,612$4,221,412
55$5,006,045$3,696,155$3,371,336$4,496,565
56$5,484,089$3,844,694$3,451,704$4,794,369
57$6,009,868$3,999,486$3,533,737$5,116,936
58$6,588,217$4,160,803$3,617,461$5,466,582
59$7,224,467$4,328,934$3,702,897$5,845,855
60$7,924,488$4,504,177$3,790,069$6,257,552
61$8,694,750$4,686,846$3,879,000$6,704,748
62$9,542,380$4,877,267$3,969,713$7,190,820
63$10,475,232$5,075,783$4,062,228$7,719,481
64$11,501,961$5,282,751$4,156,567$8,294,814
65$12,632,101$5,498,546$4,252,752$8,921,307
66$13,876,159$5,723,558$4,350,803$9,603,895
67$15,245,712$5,958,197$4,450,740$10,348,003
68$16,753,515$6,202,890$4,552,581$11,159,601
69$18,413,627$6,458,084$4,656,345$12,045,252
70$20,241,534$6,724,248$4,762,049$13,012,179
71$22,254,303$7,001,869$4,869,711$14,068,326
72$24,470,742$7,291,460$4,979,346$15,222,434
73$26,911,571$7,593,555$5,090,968$16,484,120
74$29,599,627$7,908,715$5,204,591$17,863,968
75$32,560,072$8,237,525$5,320,228$19,373,625
76$35,820,632$8,580,597$5,437,888$21,025,909
77$39,411,862$8,938,571$5,557,583$22,834,930
78$43,367,429$9,312,119$5,679,319$24,816,216
79$47,724,434$9,701,940$5,803,104$26,986,863
80$52,523,760$10,108,768$5,928,941$29,365,689
81$57,810,457$10,533,371$6,056,834$31,973,411
82$63,634,169$10,976,552$6,186,784$34,832,839
83$70,049,602$11,439,151$6,318,789$37,969,087
84$77,117,039$11,922,046$6,452,845$41,409,806
85$84,902,909$12,426,159$6,588,947$45,185,445
86$93,480,415$12,952,450$6,727,087$49,329,530
87$102,930,226$13,501,929$6,867,253$53,878,984
88$113,341,234$14,075,648$7,009,431$58,874,465
89$124,811,396$14,674,711$7,153,603$64,360,752
90$137,448,660$15,300,274$7,299,750$70,387,159
91$151,371,980$15,953,543$7,447,848$77,007,999
92$166,712,440$16,635,785$7,597,869$84,283,093
93$183,614,493$17,348,323$7,749,782$92,278,328
94$202,237,324$18,092,543$7,903,552$101,066,275
95$222,756,349$18,869,896$8,059,139$110,726,870
96$245,364,875$19,681,900$8,216,499$121,348,165
97$270,275,924$20,530,144$8,375,583$133,027,150
98$297,724,240$21,416,293$8,536,337$145,870,665
99$327,968,510$22,342,088$8,698,702$159,996,404
100$361,293,801$23,309,354$8,862,612$175,534,019