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%13.7%
1 years$240,305$238,165$236,076$234,038$232,047$228,486
2 years$118,963$116,747$114,600$112,518$110,499$106,919
3 years$78,521$76,296$74,154$72,091$70,105$66,618
4 years$58,304$56,085$53,965$51,938$49,999$46,633
5 years$46,177$43,972$41,879$39,893$38,009$34,772
6 years$38,095$35,906$33,845$31,903$30,075$26,972
7 years$32,324$30,154$28,125$26,229$24,459$21,491
8 years$27,998$25,847$23,852$22,003$20,291$17,457
9 years$24,635$22,505$20,544$18,742$17,088$14,387
10 years$21,946$19,837$17,911$16,156$14,560$11,990
11 years$19,748$17,660$15,768$14,060$12,522$10,080
12 years$17,917$15,850$13,994$12,333$10,851$8,534
13 years$16,369$14,324$12,503$10,888$9,463$7,267
14 years$15,044$13,020$11,234$9,665$8,295$6,218
15 years$13,896$11,894$10,142$8,620$7,303$5,341
16 years$12,892$10,913$9,196$7,718$6,455$4,602
17 years$12,008$10,050$8,368$6,934$5,723$3,977
18 years$11,223$9,287$7,639$6,249$5,089$3,445
19 years$10,521$8,607$6,993$5,647$4,536$2,991
20 years$9,890$7,998$6,418$5,114$4,051$2,600
21 years$9,320$7,450$5,903$4,641$3,626$2,264
22 years$8,803$6,954$5,441$4,220$3,250$1,974
23 years$8,331$6,504$5,023$3,843$2,917$1,723
24 years$7,899$6,094$4,646$3,505$2,622$1,506
25 years$7,502$5,719$4,303$3,201$2,359$1,317
26 years$7,137$5,375$3,991$2,927$2,125$1,152
27 years$6,799$5,058$3,706$2,679$1,916$1,009
28 years$6,486$4,766$3,445$2,455$1,729$884
29 years$6,195$4,497$3,206$2,251$1,561$775
30 years$5,924$4,246$2,986$2,066$1,411$679
31 years$5,670$4,014$2,784$1,897$1,275$596
32 years$5,433$3,798$2,597$1,744$1,154$523
33 years$5,211$3,597$2,425$1,604$1,044$459
34 years$5,003$3,409$2,266$1,475$945$403
35 years$4,807$3,234$2,119$1,358$856$354
36 years$4,622$3,069$1,982$1,251$776$311
37 years$4,447$2,915$1,855$1,152$703$273
38 years$4,282$2,770$1,737$1,062$637$240
39 years$4,126$2,634$1,627$979$578$211
40 years$3,978$2,506$1,525$903$524$185
41 years$3,838$2,386$1,430$834$476$163
42 years$3,705$2,272$1,342$769$432$143
43 years$3,578$2,165$1,259$710$392$126
44 years$3,457$2,064$1,182$656$356$111
45 years$3,343$1,968$1,110$606$323$97
46 years$3,233$1,877$1,042$559$293$85
47 years$3,128$1,791$979$517$266$75
48 years$3,028$1,710$920$477$242$66
49 years$2,933$1,633$865$441$219$58
50 years$2,841$1,560$813$408$199$51

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 $3,147 every year, while hoping to spend $29,427 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: 73/22/5 Blend
49$2,910,000$2,910,000$2,910,000$2,910,000
50$3,210,066$3,055,836$3,010,731$3,442,893
51$3,506,183$3,174,262$3,080,281$3,715,035
52$3,831,517$3,297,504$3,151,174$4,008,944
53$4,189,018$3,425,768$3,223,424$4,329,962
54$4,581,935$3,559,268$3,297,046$4,680,753
55$5,013,847$3,698,227$3,372,051$5,064,247
56$5,488,697$3,842,878$3,448,453$5,483,673
57$6,010,830$3,993,465$3,526,262$5,942,582
58$6,585,033$4,150,243$3,605,490$6,444,884
59$7,216,580$4,313,478$3,686,147$6,994,883
60$7,911,279$4,483,447$3,768,242$7,597,319
61$8,675,535$4,660,441$3,851,783$8,257,409
62$9,516,400$4,844,763$3,936,778$8,980,898
63$10,441,645$5,036,729$4,023,233$9,774,111
64$11,459,835$5,236,671$4,111,153$10,644,014
65$12,580,404$5,444,933$4,200,543$11,598,278
66$13,813,749$5,661,878$4,291,404$12,645,348
67$15,171,324$5,887,883$4,383,739$13,794,529
68$16,665,752$6,123,343$4,477,547$15,056,064
69$18,310,941$6,368,668$4,572,827$16,441,237
70$20,122,215$6,624,291$4,669,575$17,962,477
71$22,116,461$6,890,662$4,767,786$19,633,471
72$24,312,287$7,168,251$4,867,454$21,469,296
73$26,730,195$7,457,550$4,968,568$23,486,561
74$29,392,778$7,759,074$5,071,119$25,703,557
75$32,324,932$8,073,359$5,175,092$28,140,436
76$35,554,090$8,400,968$5,280,472$30,819,396
77$39,110,481$8,742,489$5,387,241$33,764,889
78$43,027,414$9,098,535$5,495,378$37,003,854
79$47,341,595$9,469,749$5,604,859$40,565,965
80$52,093,473$9,856,802$5,715,657$44,483,914
81$57,327,618$10,260,396$5,827,742$48,793,719
82$63,093,146$10,681,265$5,941,081$53,535,057
83$69,444,177$11,120,178$6,055,638$58,751,644
84$76,440,353$11,577,936$6,171,372$64,491,641
85$84,147,394$12,055,380$6,288,238$70,808,109
86$92,637,722$12,553,388$6,406,188$77,759,510
87$101,991,143$13,072,877$6,525,169$85,410,253
88$112,295,602$13,614,810$6,645,124$93,831,305
89$123,648,007$14,180,190$6,765,990$103,100,856
90$136,155,154$14,770,069$6,887,700$113,305,055
91$149,934,723$15,385,546$7,010,181$124,538,824
92$165,116,398$16,027,771$7,133,356$136,906,748
93$181,843,087$16,697,948$7,257,139$150,524,066
94$200,272,269$17,397,335$7,381,441$165,517,749
95$220,577,486$18,127,250$7,506,164$182,027,704
96$242,949,974$18,889,069$7,631,206$200,208,085
97$267,600,474$19,684,236$7,756,454$220,228,754
98$294,761,217$20,514,259$7,881,790$242,276,872
99$324,688,120$21,380,716$8,007,088$266,558,671
100$357,663,195$22,285,259$8,132,213$293,301,397