Can I retire at age 50 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$239,479$237,346$235,265$233,234$231,250$229,312
2 years$118,554$116,346$114,206$112,132$110,119$108,166
3 years$78,251$76,033$73,899$71,844$69,864$67,957
4 years$58,103$55,893$53,780$51,759$49,828$47,980
5 years$46,018$43,821$41,735$39,756$37,878$36,096
6 years$37,964$35,783$33,728$31,793$29,972$28,257
7 years$32,213$30,050$28,028$26,139$24,375$22,729
8 years$27,902$25,759$23,770$21,927$20,221$18,644
9 years$24,550$22,428$20,473$18,677$17,029$15,520
10 years$21,871$19,769$17,849$16,100$14,510$13,067
11 years$19,680$17,599$15,714$14,012$12,479$11,102
12 years$17,855$15,796$13,946$12,290$10,814$9,502
13 years$16,313$14,275$12,460$10,850$9,430$8,181
14 years$14,992$12,975$11,195$9,632$8,266$7,079
15 years$13,848$11,853$10,108$8,590$7,278$6,151
16 years$12,848$10,875$9,164$7,691$6,433$5,364
17 years$11,967$10,016$8,339$6,911$5,704$4,691
18 years$11,184$9,255$7,612$6,228$5,071$4,113
19 years$10,485$8,577$6,969$5,627$4,520$3,615
20 years$9,856$7,970$6,396$5,097$4,038$3,183
21 years$9,288$7,424$5,883$4,626$3,613$2,807
22 years$8,772$6,930$5,422$4,206$3,239$2,479
23 years$8,302$6,482$5,006$3,830$2,907$2,192
24 years$7,872$6,073$4,630$3,493$2,613$1,941
25 years$7,477$5,699$4,288$3,190$2,351$1,720
26 years$7,112$5,356$3,977$2,917$2,118$1,525
27 years$6,776$5,041$3,693$2,670$1,910$1,354
28 years$6,463$4,750$3,433$2,446$1,723$1,202
29 years$6,173$4,481$3,195$2,243$1,556$1,069
30 years$5,903$4,232$2,976$2,059$1,406$950
31 years$5,651$4,001$2,774$1,891$1,271$845
32 years$5,415$3,785$2,588$1,738$1,150$752
33 years$5,193$3,585$2,417$1,598$1,040$670
34 years$4,986$3,398$2,258$1,470$942$596
35 years$4,790$3,223$2,111$1,354$853$531
36 years$4,606$3,059$1,975$1,247$773$473
37 years$4,432$2,905$1,849$1,149$701$422
38 years$4,268$2,761$1,731$1,059$635$376
39 years$4,112$2,625$1,622$976$576$335
40 years$3,965$2,498$1,520$900$522$299
41 years$3,825$2,378$1,425$831$474$267
42 years$3,692$2,264$1,337$767$430$238
43 years$3,566$2,157$1,255$708$390$212
44 years$3,446$2,056$1,178$653$354$189
45 years$3,331$1,961$1,106$603$322$169
46 years$3,222$1,871$1,039$557$292$151
47 years$3,118$1,785$976$515$265$134
48 years$3,018$1,704$917$476$241$120
49 years$2,923$1,628$862$440$219$107
50 years$2,831$1,555$810$406$199$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,900,000, adding $2,964 every year, while hoping to spend $55,528 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: 45/35/20 Blend
49$2,900,000$2,900,000$2,900,000$2,900,000
50$3,198,857$3,045,157$3,000,207$3,324,273
51$3,466,059$3,135,289$3,041,633$3,502,767
52$3,758,655$3,227,975$3,082,585$3,690,489
53$4,079,176$3,323,284$3,122,990$3,892,914
54$4,430,409$3,421,283$3,162,768$4,111,431
55$4,815,426$3,522,041$3,201,836$4,347,572
56$5,237,608$3,625,629$3,240,105$4,603,022
57$5,700,679$3,732,120$3,277,484$4,879,634
58$6,208,742$3,841,587$3,313,873$5,179,452
59$6,766,315$3,954,106$3,349,169$5,504,720
60$7,378,375$4,069,753$3,383,262$5,857,914
61$8,050,405$4,188,607$3,416,037$6,241,757
62$8,788,444$4,310,747$3,447,372$6,659,248
63$9,599,145$4,436,253$3,477,139$7,113,690
64$10,489,838$4,565,210$3,505,203$7,608,720
65$11,468,597$4,697,700$3,531,422$8,148,344
66$12,544,315$4,833,809$3,555,647$8,736,973
67$13,726,794$4,973,624$3,577,719$9,379,466
68$15,026,828$5,117,233$3,597,475$10,081,176
69$16,456,313$5,264,726$3,614,738$10,847,998
70$18,028,353$5,416,193$3,629,328$11,686,427
71$19,757,386$5,571,728$3,641,052$12,603,616
72$21,659,320$5,731,423$3,649,708$13,607,448
73$23,751,682$5,895,374$3,655,084$14,706,604
74$26,053,782$6,063,676$3,656,958$15,910,653
75$28,586,899$6,236,427$3,655,097$17,230,131
76$31,374,476$6,413,726$3,649,256$18,676,652
77$34,442,345$6,595,671$3,639,179$20,263,008
78$37,818,969$6,782,363$3,624,595$22,003,295
79$41,535,708$6,973,903$3,605,224$23,913,046
80$45,627,119$7,170,394$3,580,768$26,009,373
81$50,131,280$7,371,937$3,550,918$28,311,132
82$55,090,147$7,578,638$3,515,350$30,839,102
83$60,549,950$7,790,600$3,473,722$33,616,175
84$66,561,632$8,007,926$3,425,679$36,667,579
85$73,181,327$8,230,723$3,370,848$40,021,113
86$80,470,888$8,459,095$3,308,838$43,707,409
87$88,498,475$8,693,146$3,239,240$47,760,219
88$97,339,191$8,932,982$3,161,626$52,216,740
89$107,075,797$9,178,707$3,075,549$57,117,958
90$117,799,490$9,430,425$2,980,541$62,509,039
91$129,610,761$9,688,239$2,876,112$68,439,754
92$142,620,346$9,952,250$2,761,750$74,964,949
93$156,950,272$10,222,561$2,636,919$82,145,065
94$172,735,004$10,499,271$2,501,060$90,046,703
95$190,122,717$10,782,477$2,353,588$98,743,259
96$209,276,691$11,072,276$2,193,891$108,315,613
97$230,376,857$11,368,761$2,021,329$118,852,895
98$253,621,489$11,672,023$1,835,236$130,453,326
99$279,229,079$11,982,149$1,634,914$143,225,144
100$307,440,396$12,299,226$1,419,635$157,287,627