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%15.3%
1 years$238,653$236,528$234,454$232,429$230,453$225,431
2 years$118,145$115,945$113,812$111,745$109,739$104,706
3 years$77,981$75,771$73,644$71,596$69,623$64,734
4 years$57,903$55,700$53,594$51,581$49,656$44,949
5 years$45,859$43,669$41,591$39,619$37,748$33,237
6 years$37,833$35,659$33,612$31,684$29,868$25,558
7 years$32,102$29,947$27,932$26,049$24,291$20,182
8 years$27,805$25,670$23,688$21,852$20,152$16,243
9 years$24,466$22,350$20,403$18,613$16,971$13,259
10 years$21,795$19,701$17,788$16,044$14,460$10,941
11 years$19,612$17,538$15,660$13,964$12,436$9,106
12 years$17,794$15,741$13,898$12,248$10,777$7,630
13 years$16,257$14,226$12,417$10,813$9,398$6,429
14 years$14,940$12,931$11,156$9,599$8,238$5,441
15 years$13,800$11,812$10,073$8,560$7,253$4,623
16 years$12,804$10,838$9,132$7,665$6,410$3,939
17 years$11,925$9,981$8,310$6,887$5,684$3,365
18 years$11,146$9,223$7,586$6,206$5,054$2,882
19 years$10,449$8,548$6,945$5,608$4,505$2,472
20 years$9,822$7,943$6,374$5,079$4,024$2,124
21 years$9,256$7,399$5,862$4,610$3,601$1,827
22 years$8,742$6,906$5,403$4,191$3,228$1,573
23 years$8,274$6,459$4,989$3,817$2,897$1,356
24 years$7,845$6,052$4,614$3,481$2,604$1,170
25 years$7,451$5,679$4,273$3,179$2,343$1,010
26 years$7,088$5,338$3,963$2,907$2,111$873
27 years$6,752$5,024$3,680$2,661$1,903$755
28 years$6,441$4,734$3,421$2,438$1,717$653
29 years$6,152$4,466$3,184$2,236$1,551$565
30 years$5,883$4,217$2,966$2,052$1,401$489
31 years$5,631$3,987$2,765$1,884$1,267$423
32 years$5,396$3,772$2,580$1,732$1,146$366
33 years$5,176$3,572$2,409$1,593$1,037$317
34 years$4,968$3,386$2,250$1,465$939$275
35 years$4,774$3,211$2,104$1,349$850$238
36 years$4,590$3,048$1,968$1,242$770$206
37 years$4,417$2,895$1,842$1,145$698$179
38 years$4,253$2,751$1,725$1,055$633$155
39 years$4,098$2,616$1,616$973$574$134
40 years$3,951$2,489$1,515$897$521$116
41 years$3,812$2,369$1,421$828$472$101
42 years$3,679$2,257$1,332$764$429$87
43 years$3,554$2,150$1,250$705$389$76
44 years$3,434$2,049$1,174$651$353$66
45 years$3,320$1,954$1,102$601$321$57
46 years$3,211$1,864$1,035$555$291$49
47 years$3,107$1,779$972$513$264$43
48 years$3,007$1,698$914$474$240$37
49 years$2,913$1,622$859$438$218$32
50 years$2,822$1,549$808$405$198$28

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 $4,764 every year, while hoping to spend $54,750 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: 62/21/17 Blend
49$2,890,000$2,890,000$2,890,000$2,890,000
50$3,189,694$3,036,524$2,991,729$3,373,485
51$3,456,789$3,127,060$3,033,698$3,588,298
52$3,749,293$3,220,198$3,075,239$3,816,109
53$4,069,740$3,316,006$3,116,278$4,063,517
54$4,420,919$3,414,556$3,156,739$4,332,430
55$4,805,906$3,515,922$3,196,543$4,624,951
56$5,228,083$3,620,177$3,235,602$4,943,393
57$5,691,180$3,727,398$3,273,827$5,290,304
58$6,199,302$3,837,662$3,311,122$5,668,491
59$6,756,973$3,951,050$3,347,386$6,081,044
60$7,369,174$4,067,642$3,382,514$6,531,367
61$8,041,394$4,187,520$3,416,393$7,023,207
62$8,779,679$4,310,771$3,448,904$7,560,694
63$9,590,687$4,437,480$3,479,923$8,148,375
64$10,481,756$4,567,735$3,509,320$8,791,258
65$11,460,968$4,701,627$3,536,954$9,494,863
66$12,537,226$4,839,247$3,562,682$10,265,267
67$13,720,341$4,980,688$3,586,350$11,109,166
68$15,021,120$5,126,046$3,607,797$12,033,938
69$16,451,470$5,275,417$3,626,853$13,047,709
70$18,024,508$5,428,901$3,643,341$14,159,434
71$19,754,688$5,586,597$3,657,073$15,378,976
72$21,657,934$5,748,609$3,667,854$16,717,203
73$23,751,792$5,915,039$3,675,475$18,186,092
74$26,055,593$6,085,994$3,679,722$19,798,835
75$28,590,638$6,261,582$3,680,366$21,569,968
76$31,380,393$6,441,910$3,677,169$23,515,510
77$34,450,720$6,627,090$3,669,881$25,653,108
78$37,830,110$6,817,234$3,658,239$28,002,209
79$41,549,958$7,012,455$3,641,967$30,584,241
80$45,644,858$7,212,870$3,620,777$33,422,813
81$50,152,927$7,418,594$3,594,366$36,543,942
82$55,116,166$7,629,746$3,562,418$39,976,296
83$60,580,857$7,846,445$3,524,601$43,751,464
84$66,597,995$8,068,812$3,480,566$47,904,254
85$73,223,775$8,296,968$3,429,949$52,473,024
86$80,520,118$8,531,037$3,372,370$57,500,041
87$88,555,254$8,771,142$3,307,428$63,031,880
88$97,404,369$9,017,407$3,234,707$69,119,867
89$107,150,313$9,269,959$3,153,768$75,820,558
90$117,884,381$9,528,923$3,064,155$83,196,278
91$129,707,173$9,794,425$2,965,389$91,315,704
92$142,729,545$10,066,592$2,856,970$100,254,519
93$157,073,655$10,345,551$2,738,375$110,096,122
94$172,874,113$10,631,428$2,609,056$120,932,417
95$190,279,255$10,924,351$2,468,441$132,864,681
96$209,452,538$11,224,443$2,315,934$146,004,517
97$230,574,088$11,531,832$2,150,908$160,474,912
98$253,842,393$11,846,640$1,972,712$176,411,395
99$279,476,183$12,168,991$1,780,664$193,963,319
100$307,716,488$12,499,006$1,574,051$213,295,267