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%13.7%
1 years$241,131$238,983$236,887$234,842$232,845$229,271
2 years$119,372$117,149$114,994$112,905$110,879$107,286
3 years$78,791$76,558$74,409$72,339$70,346$66,847
4 years$58,504$56,278$54,150$52,116$50,171$46,793
5 years$46,335$44,123$42,023$40,030$38,139$34,892
6 years$38,225$36,030$33,961$32,013$30,178$27,065
7 years$32,435$30,258$28,222$26,319$24,543$21,565
8 years$28,094$25,936$23,934$22,079$20,361$17,517
9 years$24,720$22,582$20,614$18,806$17,147$14,437
10 years$22,022$19,905$17,972$16,211$14,610$12,031
11 years$19,816$17,720$15,822$14,108$12,565$10,114
12 years$17,979$15,905$14,042$12,375$10,889$8,563
13 years$16,425$14,373$12,546$10,925$9,495$7,292
14 years$15,095$13,065$11,272$9,698$8,323$6,239
15 years$13,944$11,935$10,177$8,649$7,329$5,359
16 years$12,937$10,950$9,227$7,744$6,477$4,618
17 years$12,049$10,085$8,396$6,958$5,743$3,991
18 years$11,261$9,319$7,665$6,271$5,106$3,457
19 years$10,557$8,637$7,017$5,666$4,551$3,001
20 years$9,924$8,025$6,440$5,132$4,065$2,609
21 years$9,352$7,475$5,923$4,657$3,638$2,272
22 years$8,833$6,978$5,459$4,235$3,261$1,981
23 years$8,360$6,526$5,041$3,857$2,927$1,729
24 years$7,926$6,115$4,662$3,517$2,631$1,511
25 years$7,528$5,738$4,318$3,212$2,368$1,321
26 years$7,161$5,393$4,004$2,937$2,133$1,156
27 years$6,822$5,076$3,718$2,688$1,923$1,012
28 years$6,508$4,783$3,457$2,463$1,735$887
29 years$6,216$4,512$3,217$2,259$1,567$777
30 years$5,944$4,261$2,996$2,073$1,416$682
31 years$5,690$4,028$2,793$1,904$1,280$598
32 years$5,452$3,811$2,606$1,750$1,158$525
33 years$5,229$3,609$2,434$1,609$1,048$461
34 years$5,020$3,421$2,274$1,480$949$404
35 years$4,823$3,245$2,126$1,363$859$355
36 years$4,638$3,080$1,989$1,255$778$312
37 years$4,463$2,925$1,861$1,156$706$274
38 years$4,297$2,780$1,743$1,066$640$241
39 years$4,140$2,643$1,633$983$580$212
40 years$3,992$2,515$1,531$907$526$186
41 years$3,851$2,394$1,435$836$477$163
42 years$3,718$2,280$1,346$772$433$144
43 years$3,590$2,172$1,263$713$393$126
44 years$3,469$2,071$1,186$658$357$111
45 years$3,354$1,975$1,113$608$324$98
46 years$3,244$1,884$1,046$561$294$86
47 years$3,139$1,798$983$519$267$75
48 years$3,039$1,716$923$479$243$66
49 years$2,943$1,639$868$443$220$58
50 years$2,851$1,565$816$409$200$51

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 $3,376 every year, while hoping to spend $32,323 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: 31/45/24 Blend
49$2,920,000$2,920,000$2,920,000$2,920,000
50$3,221,322$3,066,562$3,021,302$3,297,228
51$3,515,506$3,182,432$3,088,125$3,471,335
52$3,838,613$3,302,897$3,156,102$3,655,508
53$4,193,559$3,428,147$3,225,239$3,853,107
54$4,583,557$3,558,381$3,295,540$4,065,323
55$5,012,146$3,693,808$3,367,007$4,293,466
56$5,483,225$3,834,644$3,439,641$4,538,970
57$6,001,088$3,981,116$3,513,444$4,803,409
58$6,570,469$4,133,461$3,588,414$5,088,511
59$7,196,581$4,291,924$3,664,550$5,396,174
60$7,885,168$4,456,764$3,741,847$5,728,480
61$8,642,558$4,628,249$3,820,303$6,087,717
62$9,475,725$4,806,659$3,899,909$6,476,399
63$10,392,351$4,992,288$3,980,658$6,897,286
64$11,400,901$5,185,440$4,062,541$7,353,412
65$12,510,702$5,386,436$4,145,545$7,848,110
66$13,732,031$5,595,608$4,229,657$8,385,047
67$15,076,210$5,813,305$4,314,863$8,968,250
68$16,555,716$6,039,889$4,401,143$9,602,148
69$18,184,296$6,275,741$4,488,478$10,291,614
70$19,977,098$6,521,256$4,576,846$11,042,001
71$21,950,812$6,776,848$4,666,221$11,859,203
72$24,123,832$7,042,950$4,756,576$12,749,700
73$26,516,421$7,320,013$4,847,880$13,720,619
74$29,150,911$7,608,509$4,940,099$14,779,804
75$32,051,909$7,908,930$5,033,197$15,935,885
76$35,246,527$8,221,792$5,127,133$17,198,358
77$38,764,645$8,547,632$5,221,864$18,577,672
78$42,639,184$8,887,011$5,317,342$20,085,328
79$46,906,423$9,240,517$5,413,515$21,733,984
80$51,606,339$9,608,763$5,510,329$23,537,573
81$56,782,984$9,992,390$5,607,723$25,511,432
82$62,484,899$10,392,069$5,705,632$27,672,443
83$68,765,577$10,808,497$5,803,989$30,039,194
84$75,683,960$11,242,409$5,902,717$32,632,150
85$83,305,005$11,694,567$6,001,738$35,473,839
86$91,700,286$12,165,771$6,100,967$38,589,072
87$100,948,678$12,656,857$6,200,313$42,005,164
88$111,137,097$13,168,698$6,299,677$45,752,197
89$122,361,323$13,702,205$6,398,958$49,863,295
90$134,726,899$14,258,334$6,498,044$54,374,938
91$148,350,132$14,838,082$6,596,818$59,327,302
92$163,359,189$15,442,492$6,695,156$64,764,630
93$179,895,307$16,072,655$6,792,924$70,735,656
94$198,114,123$16,729,710$6,889,982$77,294,051
95$218,187,148$17,414,850$6,986,180$84,498,933
96$240,303,381$18,129,321$7,081,361$92,415,417
97$264,671,096$18,874,428$7,175,356$101,115,227
98$291,519,805$19,651,533$7,267,989$110,677,371
99$321,102,430$20,462,062$7,359,071$121,188,876
100$353,697,681$21,307,506$7,448,403$132,745,613