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%11.6%
1 years$239,479$237,346$235,265$233,234$231,250$229,696
2 years$118,554$116,346$114,206$112,132$110,119$108,552
3 years$78,251$76,033$73,899$71,844$69,864$68,332
4 years$58,103$55,893$53,780$51,759$49,828$48,343
5 years$46,018$43,821$41,735$39,756$37,878$36,445
6 years$37,964$35,783$33,728$31,793$29,972$28,592
7 years$32,213$30,050$28,028$26,139$24,375$23,049
8 years$27,902$25,759$23,770$21,927$20,221$18,949
9 years$24,550$22,428$20,473$18,677$17,029$15,811
10 years$21,871$19,769$17,849$16,100$14,510$13,344
11 years$19,680$17,599$15,714$14,012$12,479$11,366
12 years$17,855$15,796$13,946$12,290$10,814$9,752
13 years$16,313$14,275$12,460$10,850$9,430$8,418
14 years$14,992$12,975$11,195$9,632$8,266$7,303
15 years$13,848$11,853$10,108$8,590$7,278$6,363
16 years$12,848$10,875$9,164$7,691$6,433$5,563
17 years$11,967$10,016$8,339$6,911$5,704$4,879
18 years$11,184$9,255$7,612$6,228$5,071$4,290
19 years$10,485$8,577$6,969$5,627$4,520$3,781
20 years$9,856$7,970$6,396$5,097$4,038$3,339
21 years$9,288$7,424$5,883$4,626$3,613$2,953
22 years$8,772$6,930$5,422$4,206$3,239$2,616
23 years$8,302$6,482$5,006$3,830$2,907$2,321
24 years$7,872$6,073$4,630$3,493$2,613$2,061
25 years$7,477$5,699$4,288$3,190$2,351$1,832
26 years$7,112$5,356$3,977$2,917$2,118$1,630
27 years$6,776$5,041$3,693$2,670$1,910$1,451
28 years$6,463$4,750$3,433$2,446$1,723$1,293
29 years$6,173$4,481$3,195$2,243$1,556$1,153
30 years$5,903$4,232$2,976$2,059$1,406$1,028
31 years$5,651$4,001$2,774$1,891$1,271$918
32 years$5,415$3,785$2,588$1,738$1,150$819
33 years$5,193$3,585$2,417$1,598$1,040$732
34 years$4,986$3,398$2,258$1,470$942$654
35 years$4,790$3,223$2,111$1,354$853$585
36 years$4,606$3,059$1,975$1,247$773$523
37 years$4,432$2,905$1,849$1,149$701$467
38 years$4,268$2,761$1,731$1,059$635$418
39 years$4,112$2,625$1,622$976$576$374
40 years$3,965$2,498$1,520$900$522$335
41 years$3,825$2,378$1,425$831$474$299
42 years$3,692$2,264$1,337$767$430$268
43 years$3,566$2,157$1,255$708$390$240
44 years$3,446$2,056$1,178$653$354$215
45 years$3,331$1,961$1,106$603$322$192
46 years$3,222$1,871$1,039$557$292$172
47 years$3,118$1,785$976$515$265$154
48 years$3,018$1,704$917$476$241$138
49 years$2,923$1,628$862$440$219$124
50 years$2,831$1,555$810$406$199$111

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 $4,297 every year, while hoping to spend $31,868 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: 69/24/7 Blend
49$2,900,000$2,900,000$2,900,000$2,900,000
50$3,200,232$3,046,532$3,001,582$3,417,163
51$3,492,749$3,161,905$3,068,228$3,676,693
52$3,814,034$3,281,863$3,136,038$3,956,188
53$4,166,988$3,406,597$3,205,018$4,261,054
54$4,554,807$3,536,307$3,275,173$4,593,771
55$4,981,012$3,671,200$3,346,506$4,957,069
56$5,449,480$3,811,494$3,419,019$5,353,952
57$5,964,485$3,957,415$3,492,714$5,787,725
58$6,530,734$4,109,200$3,567,591$6,262,028
59$7,153,413$4,267,095$3,643,649$6,780,867
60$7,838,236$4,431,358$3,720,887$7,348,651
61$8,591,500$4,602,258$3,799,300$7,970,236
62$9,420,140$4,780,076$3,878,884$8,650,965
63$10,331,799$4,965,104$3,959,631$9,396,724
64$11,334,897$5,157,649$4,041,534$10,213,991
65$12,438,713$5,358,030$4,124,581$11,109,902
66$13,653,470$5,566,582$4,208,763$12,092,313
67$14,990,431$5,783,651$4,294,063$13,169,875
68$16,462,007$6,009,603$4,380,467$14,352,117
69$18,081,875$6,244,816$4,467,956$15,649,532
70$19,865,103$6,489,689$4,556,509$17,073,676
71$21,828,294$6,744,634$4,646,103$18,637,277
72$23,989,745$7,010,086$4,736,712$20,354,354
73$26,369,616$7,286,497$4,828,308$22,240,348
74$28,990,120$7,574,339$4,920,860$24,312,269
75$31,875,736$7,874,105$5,014,332$26,588,849
76$35,053,436$8,186,311$5,108,688$29,090,725
77$38,552,942$8,511,496$5,203,885$31,840,632
78$42,407,006$8,850,224$5,299,879$34,863,610
79$46,651,717$9,203,081$5,396,621$38,187,246
80$51,326,843$9,570,683$5,494,058$41,841,929
81$56,476,207$9,953,671$5,592,135$45,861,141
82$62,148,097$10,352,718$5,690,788$50,281,763
83$68,395,726$10,768,525$5,789,954$55,144,429
84$75,277,733$11,201,825$5,889,559$60,493,906
85$82,858,731$11,653,385$5,989,529$66,379,514
86$91,209,926$12,124,004$6,089,783$72,855,590
87$100,409,780$12,614,522$6,190,232$79,982,002
88$110,544,757$13,125,813$6,290,784$87,824,708
89$121,710,137$13,658,793$6,391,340$96,456,382
90$134,010,914$14,214,417$6,491,793$105,957,092
91$147,562,791$14,793,687$6,592,032$116,415,059
92$162,493,266$15,397,649$6,691,936$127,927,487
93$178,942,841$16,027,395$6,791,377$140,601,475
94$197,066,343$16,684,069$6,890,220$154,555,030
95$217,034,389$17,368,868$6,988,322$169,918,178
96$239,034,995$18,083,040$7,085,529$186,834,184
97$263,275,350$18,827,895$7,181,680$205,460,911
98$289,983,774$19,604,800$7,276,604$225,972,298
99$319,411,868$20,415,184$7,370,119$248,560,008
100$351,836,895$21,260,545$7,462,035$273,435,228