Can I retire at age 50 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$240,305$238,165$236,076$234,038$232,047$223,903
2 years$118,963$116,747$114,600$112,518$110,499$102,379
3 years$78,521$76,296$74,154$72,091$70,105$62,265
4 years$58,304$56,085$53,965$51,938$49,999$42,499
5 years$46,177$43,972$41,879$39,893$38,009$30,868
6 years$38,095$35,906$33,845$31,903$30,075$23,299
7 years$32,324$30,154$28,125$26,229$24,459$18,046
8 years$27,998$25,847$23,852$22,003$20,291$14,237
9 years$24,635$22,505$20,544$18,742$17,088$11,384
10 years$21,946$19,837$17,911$16,156$14,560$9,197
11 years$19,748$17,660$15,768$14,060$12,522$7,489
12 years$17,917$15,850$13,994$12,333$10,851$6,136
13 years$16,369$14,324$12,503$10,888$9,463$5,053
14 years$15,044$13,020$11,234$9,665$8,295$4,177
15 years$13,896$11,894$10,142$8,620$7,303$3,465
16 years$12,892$10,913$9,196$7,718$6,455$2,881
17 years$12,008$10,050$8,368$6,934$5,723$2,401
18 years$11,223$9,287$7,639$6,249$5,089$2,005
19 years$10,521$8,607$6,993$5,647$4,536$1,676
20 years$9,890$7,998$6,418$5,114$4,051$1,403
21 years$9,320$7,450$5,903$4,641$3,626$1,176
22 years$8,803$6,954$5,441$4,220$3,250$987
23 years$8,331$6,504$5,023$3,843$2,917$828
24 years$7,899$6,094$4,646$3,505$2,622$695
25 years$7,502$5,719$4,303$3,201$2,359$584
26 years$7,137$5,375$3,991$2,927$2,125$491
27 years$6,799$5,058$3,706$2,679$1,916$413
28 years$6,486$4,766$3,445$2,455$1,729$347
29 years$6,195$4,497$3,206$2,251$1,561$292
30 years$5,924$4,246$2,986$2,066$1,411$246
31 years$5,670$4,014$2,784$1,897$1,275$207
32 years$5,433$3,798$2,597$1,744$1,154$174
33 years$5,211$3,597$2,425$1,604$1,044$147
34 years$5,003$3,409$2,266$1,475$945$124
35 years$4,807$3,234$2,119$1,358$856$104
36 years$4,622$3,069$1,982$1,251$776$88
37 years$4,447$2,915$1,855$1,152$703$74
38 years$4,282$2,770$1,737$1,062$637$62
39 years$4,126$2,634$1,627$979$578$52
40 years$3,978$2,506$1,525$903$524$44
41 years$3,838$2,386$1,430$834$476$37
42 years$3,705$2,272$1,342$769$432$31
43 years$3,578$2,165$1,259$710$392$26
44 years$3,457$2,064$1,182$656$356$22
45 years$3,343$1,968$1,110$606$323$19
46 years$3,233$1,877$1,042$559$293$16
47 years$3,128$1,791$979$517$266$13
48 years$3,028$1,710$920$477$242$11
49 years$2,933$1,633$865$441$219$9
50 years$2,841$1,560$813$408$199$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,910,000, adding $6,274 every year, while hoping to spend $31,421 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: 52/28/20 Blend
49$2,910,000$2,910,000$2,910,000$2,910,000
50$3,213,292$3,059,062$3,013,957$3,362,362
51$3,507,616$3,175,524$3,081,492$3,582,119
52$3,830,908$3,296,640$3,150,238$3,817,240
53$4,186,089$3,422,604$3,220,200$4,072,312
54$4,576,379$3,553,620$3,291,385$4,349,242
55$5,005,322$3,689,900$3,363,799$4,650,125
56$5,476,825$3,831,666$3,437,446$4,977,265
57$5,995,192$3,979,148$3,512,332$5,333,197
58$6,565,164$4,132,589$3,588,457$5,720,711
59$7,191,965$4,292,239$3,665,824$6,142,873
60$7,881,349$4,458,363$3,744,433$6,603,060
61$8,639,659$4,631,235$3,824,284$7,104,985
62$9,473,880$4,811,141$3,905,373$7,652,736
63$10,391,710$4,998,382$3,987,698$8,250,811
64$11,401,632$5,193,269$4,071,253$8,904,161
65$12,512,989$5,396,130$4,156,030$9,618,237
66$13,736,079$5,607,306$4,242,022$10,399,037
67$15,082,247$5,827,152$4,329,218$11,253,165
68$16,563,994$6,056,041$4,417,606$12,187,892
69$18,195,096$6,294,361$4,507,169$13,211,221
70$19,990,729$6,542,518$4,597,893$14,331,968
71$21,967,619$6,800,937$4,689,758$15,559,836
72$24,144,194$7,070,060$4,782,742$16,905,510
73$26,540,759$7,350,351$4,876,822$18,380,759
74$29,179,690$7,642,292$4,971,969$19,998,541
75$32,085,643$7,946,389$5,068,155$21,773,128
76$35,285,787$8,263,170$5,165,346$23,720,235
77$38,810,058$8,593,186$5,263,506$25,857,174
78$42,691,447$8,937,015$5,362,596$28,203,009
79$46,966,304$9,295,258$5,462,573$30,778,740
80$51,674,687$9,668,546$5,563,389$33,607,497
81$56,860,736$10,057,536$5,664,994$36,714,757
82$62,573,092$10,462,917$5,767,332$40,128,584
83$68,865,355$10,885,406$5,870,345$43,879,890
84$75,796,587$11,325,757$5,973,967$48,002,730
85$83,431,873$11,784,754$6,078,130$52,534,618
86$91,842,937$12,263,219$6,182,759$57,516,877
87$101,108,810$12,762,011$6,287,776$62,995,035
88$111,316,587$13,282,027$6,393,094$69,019,244
89$122,562,239$13,824,207$6,498,623$75,644,757
90$134,951,525$14,389,531$6,604,265$82,932,449
91$148,600,989$14,979,026$6,709,916$90,949,381
92$163,639,056$15,593,765$6,815,465$99,769,441
93$180,207,251$16,234,870$6,920,794$109,474,032
94$198,461,528$16,903,516$7,025,777$120,152,842
95$218,573,744$17,600,929$7,130,281$131,904,685
96$240,733,285$18,328,393$7,234,165$144,838,435
97$265,148,846$19,087,251$7,337,276$159,074,045
98$292,050,410$19,878,907$7,439,455$174,743,685
99$321,691,408$20,704,830$7,540,534$191,992,978
100$354,351,122$21,566,557$7,640,332$210,982,378