Can I retire at age 50 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$241,131$238,983$236,887$234,842$232,845$228,144
2 years$119,372$117,149$114,994$112,905$110,879$106,163
3 years$78,791$76,558$74,409$72,339$70,346$65,763
4 years$58,504$56,278$54,150$52,116$50,171$45,756
5 years$46,335$44,123$42,023$40,030$38,139$33,904
6 years$38,225$36,030$33,961$32,013$30,178$26,128
7 years$32,435$30,258$28,222$26,319$24,543$20,679
8 years$28,094$25,936$23,934$22,079$20,361$16,681
9 years$24,720$22,582$20,614$18,806$17,147$13,650
10 years$22,022$19,905$17,972$16,211$14,610$11,292
11 years$19,816$17,720$15,822$14,108$12,565$9,421
12 years$17,979$15,905$14,042$12,375$10,889$7,915
13 years$16,425$14,373$12,546$10,925$9,495$6,687
14 years$15,095$13,065$11,272$9,698$8,323$5,675
15 years$13,944$11,935$10,177$8,649$7,329$4,834
16 years$12,937$10,950$9,227$7,744$6,477$4,131
17 years$12,049$10,085$8,396$6,958$5,743$3,540
18 years$11,261$9,319$7,665$6,271$5,106$3,040
19 years$10,557$8,637$7,017$5,666$4,551$2,615
20 years$9,924$8,025$6,440$5,132$4,065$2,254
21 years$9,352$7,475$5,923$4,657$3,638$1,945
22 years$8,833$6,978$5,459$4,235$3,261$1,680
23 years$8,360$6,526$5,041$3,857$2,927$1,453
24 years$7,926$6,115$4,662$3,517$2,631$1,257
25 years$7,528$5,738$4,318$3,212$2,368$1,089
26 years$7,161$5,393$4,004$2,937$2,133$944
27 years$6,822$5,076$3,718$2,688$1,923$819
28 years$6,508$4,783$3,457$2,463$1,735$710
29 years$6,216$4,512$3,217$2,259$1,567$616
30 years$5,944$4,261$2,996$2,073$1,416$535
31 years$5,690$4,028$2,793$1,904$1,280$465
32 years$5,452$3,811$2,606$1,750$1,158$404
33 years$5,229$3,609$2,434$1,609$1,048$351
34 years$5,020$3,421$2,274$1,480$949$305
35 years$4,823$3,245$2,126$1,363$859$265
36 years$4,638$3,080$1,989$1,255$778$231
37 years$4,463$2,925$1,861$1,156$706$200
38 years$4,297$2,780$1,743$1,066$640$174
39 years$4,140$2,643$1,633$983$580$152
40 years$3,992$2,515$1,531$907$526$132
41 years$3,851$2,394$1,435$836$477$115
42 years$3,718$2,280$1,346$772$433$100
43 years$3,590$2,172$1,263$713$393$87
44 years$3,469$2,071$1,186$658$357$76
45 years$3,354$1,975$1,113$608$324$66
46 years$3,244$1,884$1,046$561$294$57
47 years$3,139$1,798$983$519$267$50
48 years$3,039$1,716$923$479$243$43
49 years$2,943$1,639$868$443$220$38
50 years$2,851$1,565$816$409$200$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,920,000, adding $2,698 every year, while hoping to spend $31,916 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: 67/8/25 Blend
49$2,920,000$2,920,000$2,920,000$2,920,000
50$3,220,623$3,065,863$3,020,603$3,415,426
51$3,515,168$3,182,132$3,087,835$3,662,991
52$3,838,687$3,303,028$3,156,249$3,929,767
53$4,194,102$3,428,745$3,225,852$4,220,806
54$4,584,631$3,559,484$3,296,649$4,538,505
55$5,013,819$3,695,455$3,368,643$4,885,499
56$5,485,574$3,836,878$3,441,838$5,264,692
57$6,004,199$3,983,981$3,516,236$5,679,282
58$6,574,436$4,137,004$3,591,837$6,132,789
59$7,201,507$4,296,196$3,668,643$6,629,092
60$7,891,168$4,461,818$3,746,650$7,172,462
61$8,649,761$4,634,141$3,825,857$7,767,602
62$9,484,272$4,813,449$3,906,258$8,419,693
63$10,402,399$5,000,038$3,987,848$9,134,443
64$11,412,622$5,194,219$4,070,620$9,918,138
65$12,524,287$5,396,313$4,154,563$10,777,703
66$13,747,690$5,606,659$4,239,667$11,720,765
67$15,094,178$5,825,608$4,325,919$12,755,727
68$16,576,250$6,053,529$4,413,304$13,891,847
69$18,207,681$6,290,806$4,501,803$15,139,323
70$20,003,649$6,537,840$4,591,398$16,509,389
71$21,980,878$6,795,050$4,682,066$18,014,422
72$24,157,794$7,062,874$4,773,782$19,668,060
73$26,554,705$7,341,771$4,866,519$21,485,326
74$29,193,984$7,632,216$4,960,247$23,482,773
75$32,100,286$7,934,711$5,054,931$25,678,638
76$35,300,779$8,249,776$5,150,535$28,093,014
77$38,825,400$8,577,957$5,247,020$30,748,040
78$42,707,137$8,919,823$5,344,341$33,668,109
79$46,982,340$9,275,968$5,442,451$36,880,099
80$51,691,064$9,647,016$5,541,298$40,413,621
81$56,877,448$10,033,616$5,640,828$44,301,308
82$62,590,131$10,436,447$5,740,979$48,579,111
83$68,882,711$10,856,218$5,841,688$53,286,648
84$75,814,247$11,293,673$5,942,884$58,467,569
85$83,449,824$11,749,587$6,044,494$64,169,974
86$91,861,158$12,224,769$6,146,438$70,446,864
87$101,127,282$12,720,068$6,248,629$77,356,638
88$111,335,283$13,236,370$6,350,976$84,963,649
89$122,581,131$13,774,601$6,453,383$93,338,808
90$134,970,579$14,335,729$6,555,744$102,560,250
91$148,620,165$14,920,767$6,657,948$112,714,078
92$163,658,310$15,530,773$6,759,878$123,895,168
93$180,226,531$16,166,854$6,861,407$136,208,069
94$198,480,776$16,830,168$6,962,402$149,767,985
95$218,592,894$17,521,926$7,062,722$164,701,866
96$240,752,261$18,243,392$7,162,215$181,149,603
97$265,167,565$18,995,891$7,260,723$199,265,349
98$292,068,775$19,780,808$7,358,075$219,218,971
99$321,709,313$20,599,591$7,454,094$241,197,657
100$354,368,446$21,453,754$7,548,589$265,407,680