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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.8%
1 years$240,305$238,165$236,076$234,038$232,047$228,391
2 years$118,963$116,747$114,600$112,518$110,499$106,825
3 years$78,521$76,296$74,154$72,091$70,105$66,527
4 years$58,304$56,085$53,965$51,938$49,999$46,546
5 years$46,177$43,972$41,879$39,893$38,009$34,689
6 years$38,095$35,906$33,845$31,903$30,075$26,893
7 years$32,324$30,154$28,125$26,229$24,459$21,416
8 years$27,998$25,847$23,852$22,003$20,291$17,386
9 years$24,635$22,505$20,544$18,742$17,088$14,320
10 years$21,946$19,837$17,911$16,156$14,560$11,926
11 years$19,748$17,660$15,768$14,060$12,522$10,020
12 years$17,917$15,850$13,994$12,333$10,851$8,478
13 years$16,369$14,324$12,503$10,888$9,463$7,215
14 years$15,044$13,020$11,234$9,665$8,295$6,169
15 years$13,896$11,894$10,142$8,620$7,303$5,295
16 years$12,892$10,913$9,196$7,718$6,455$4,560
17 years$12,008$10,050$8,368$6,934$5,723$3,938
18 years$11,223$9,287$7,639$6,249$5,089$3,409
19 years$10,521$8,607$6,993$5,647$4,536$2,957
20 years$9,890$7,998$6,418$5,114$4,051$2,569
21 years$9,320$7,450$5,903$4,641$3,626$2,235
22 years$8,803$6,954$5,441$4,220$3,250$1,947
23 years$8,331$6,504$5,023$3,843$2,917$1,699
24 years$7,899$6,094$4,646$3,505$2,622$1,483
25 years$7,502$5,719$4,303$3,201$2,359$1,296
26 years$7,137$5,375$3,991$2,927$2,125$1,133
27 years$6,799$5,058$3,706$2,679$1,916$991
28 years$6,486$4,766$3,445$2,455$1,729$868
29 years$6,195$4,497$3,206$2,251$1,561$760
30 years$5,924$4,246$2,986$2,066$1,411$666
31 years$5,670$4,014$2,784$1,897$1,275$584
32 years$5,433$3,798$2,597$1,744$1,154$512
33 years$5,211$3,597$2,425$1,604$1,044$449
34 years$5,003$3,409$2,266$1,475$945$394
35 years$4,807$3,234$2,119$1,358$856$345
36 years$4,622$3,069$1,982$1,251$776$303
37 years$4,447$2,915$1,855$1,152$703$266
38 years$4,282$2,770$1,737$1,062$637$234
39 years$4,126$2,634$1,627$979$578$205
40 years$3,978$2,506$1,525$903$524$180
41 years$3,838$2,386$1,430$834$476$158
42 years$3,705$2,272$1,342$769$432$139
43 years$3,578$2,165$1,259$710$392$122
44 years$3,457$2,064$1,182$656$356$107
45 years$3,343$1,968$1,110$606$323$94
46 years$3,233$1,877$1,042$559$293$83
47 years$3,128$1,791$979$517$266$73
48 years$3,028$1,710$920$477$242$64
49 years$2,933$1,633$865$441$219$56
50 years$2,841$1,560$813$408$199$49

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 $4,895 every year, while hoping to spend $57,529 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: 45/28/27 Blend
49$2,910,000$2,910,000$2,910,000$2,910,000
50$3,211,869$3,057,639$3,012,534$3,331,142
51$3,478,269$3,146,253$3,052,244$3,504,908
52$3,769,914$3,237,281$3,091,355$3,687,317
53$4,089,318$3,330,780$3,129,788$3,884,033
54$4,439,250$3,426,810$3,167,457$4,096,422
55$4,822,758$3,525,428$3,204,272$4,325,989
56$5,243,202$3,626,696$3,240,137$4,574,389
57$5,704,279$3,730,675$3,274,953$4,843,448
58$6,210,063$3,837,426$3,308,612$5,135,173
59$6,765,042$3,947,013$3,341,003$5,451,778
60$7,374,158$4,059,498$3,372,008$5,795,699
61$8,042,855$4,174,946$3,401,502$6,169,620
62$8,777,129$4,293,421$3,429,356$6,576,498
63$9,583,588$4,414,990$3,455,430$7,019,591
64$10,469,507$4,539,718$3,479,581$7,502,484
65$11,442,905$4,667,673$3,501,655$8,029,133
66$12,512,613$4,798,920$3,521,492$8,603,891
67$13,688,361$4,933,529$3,538,924$9,231,557
68$14,980,868$5,071,566$3,553,772$9,917,416
69$16,401,944$5,213,100$3,565,851$10,667,294
70$17,964,601$5,358,200$3,574,965$11,487,609
71$19,683,172$5,506,934$3,580,909$12,385,432
72$21,573,453$5,659,371$3,583,466$13,368,555
73$23,652,844$5,815,579$3,582,411$14,445,566
74$25,940,518$5,975,627$3,577,506$15,625,926
75$28,457,600$6,139,581$3,568,501$16,920,062
76$31,227,366$6,307,511$3,555,137$18,339,462
77$34,275,461$6,479,483$3,537,138$19,896,789
78$37,630,143$6,655,563$3,514,217$21,605,995
79$41,322,548$6,835,817$3,486,074$23,482,455
80$45,386,984$7,020,308$3,452,393$25,543,115
81$49,861,253$7,209,099$3,412,845$27,806,646
82$54,787,008$7,402,252$3,367,082$30,293,627
83$60,210,147$7,599,827$3,314,744$33,026,735
84$66,181,245$7,801,881$3,255,451$36,030,961
85$72,756,028$8,008,470$3,188,805$39,333,847
86$79,995,906$8,219,647$3,114,393$42,965,745
87$87,968,541$8,435,463$3,031,778$46,960,103
88$96,748,497$8,655,966$2,940,507$51,353,785
89$106,417,934$8,881,198$2,840,104$56,187,414
90$117,067,388$9,111,202$2,730,072$61,505,761
91$128,796,623$9,346,012$2,609,891$67,358,165
92$141,715,574$9,585,662$2,479,018$73,799,001
93$155,945,381$9,830,177$2,336,883$80,888,192
94$171,619,534$10,079,581$2,182,894$88,691,776
95$188,885,135$10,333,889$2,016,429$97,282,535
96$207,904,281$10,593,111$1,836,841$106,740,672
97$228,855,594$10,857,250$1,643,452$117,154,581
98$251,935,910$11,126,301$1,435,554$128,621,675
99$277,362,137$11,400,253$1,212,408$141,249,307
100$305,373,294$11,679,085$973,243$155,155,787