Can I retire at age 50 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$241,957$239,801$237,699$235,646$233,642$231,106
2 years$119,781$117,550$115,388$113,292$111,258$108,705
3 years$79,060$76,820$74,664$72,587$70,587$68,095
4 years$58,704$56,471$54,336$52,295$50,343$47,932
5 years$46,494$44,274$42,167$40,167$38,270$35,947
6 years$38,356$36,153$34,077$32,122$30,282$28,050
7 years$32,546$30,361$28,318$26,409$24,627$22,487
8 years$28,190$26,025$24,016$22,154$20,431$18,382
9 years$24,804$22,660$20,685$18,870$17,206$15,248
10 years$22,097$19,973$18,034$16,267$14,660$12,792
11 years$19,884$17,781$15,877$14,157$12,608$10,829
12 years$18,040$15,959$14,090$12,417$10,926$9,233
13 years$16,482$14,423$12,589$10,963$9,528$7,919
14 years$15,147$13,110$11,311$9,731$8,352$6,825
15 years$13,991$11,976$10,212$8,679$7,354$5,906
16 years$12,981$10,988$9,259$7,771$6,499$5,129
17 years$12,091$10,119$8,425$6,982$5,763$4,467
18 years$11,300$9,351$7,691$6,292$5,124$3,900
19 years$10,593$8,666$7,041$5,686$4,567$3,413
20 years$9,958$8,053$6,462$5,149$4,079$2,991
21 years$9,384$7,501$5,944$4,673$3,651$2,627
22 years$8,863$7,002$5,478$4,249$3,272$2,309
23 years$8,388$6,549$5,058$3,870$2,937$2,033
24 years$7,953$6,136$4,678$3,530$2,640$1,791
25 years$7,554$5,758$4,332$3,223$2,376$1,580
26 years$7,186$5,412$4,018$2,947$2,140$1,395
27 years$6,846$5,093$3,731$2,698$1,929$1,232
28 years$6,530$4,799$3,469$2,472$1,741$1,089
29 years$6,237$4,527$3,228$2,267$1,572$963
30 years$5,964$4,276$3,007$2,080$1,420$852
31 years$5,709$4,042$2,803$1,910$1,284$754
32 years$5,471$3,824$2,615$1,756$1,162$668
33 years$5,247$3,622$2,442$1,615$1,051$592
34 years$5,037$3,433$2,282$1,486$952$524
35 years$4,840$3,256$2,133$1,368$862$465
36 years$4,654$3,090$1,995$1,259$781$412
37 years$4,478$2,935$1,868$1,160$708$365
38 years$4,312$2,789$1,749$1,070$642$324
39 years$4,155$2,652$1,639$986$582$287
40 years$4,006$2,524$1,536$910$528$255
41 years$3,865$2,402$1,440$839$479$226
42 years$3,730$2,288$1,351$775$435$201
43 years$3,603$2,180$1,268$715$394$178
44 years$3,481$2,078$1,190$660$358$158
45 years$3,366$1,981$1,117$610$325$140
46 years$3,255$1,890$1,049$563$295$125
47 years$3,150$1,804$986$520$268$111
48 years$3,049$1,722$926$481$243$98
49 years$2,953$1,644$871$444$221$87
50 years$2,861$1,571$819$411$201$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $2,930,000, adding $3,150 every year, while hoping to spend $33,647 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: 43/44/13 Blend
49$2,930,000$2,930,000$2,930,000$2,930,000
50$3,232,109$3,076,819$3,031,404$3,358,762
51$3,525,984$3,191,783$3,097,156$3,562,639
52$3,848,707$3,311,253$3,163,983$3,779,764
53$4,203,184$3,435,413$3,231,885$4,014,248
54$4,592,618$3,564,457$3,300,863$4,267,698
55$5,020,536$3,698,587$3,370,913$4,541,878
56$5,490,825$3,838,013$3,442,033$4,838,727
57$6,007,767$3,982,953$3,514,219$5,160,374
58$6,576,079$4,133,637$3,587,465$5,509,160
59$7,200,958$4,290,304$3,661,763$5,887,656
60$7,888,128$4,453,202$3,737,106$6,298,690
61$8,643,900$4,622,591$3,813,481$6,745,368
62$9,475,222$4,798,743$3,890,877$7,231,109
63$10,389,753$4,981,940$3,969,280$7,759,669
64$11,395,930$5,172,477$4,048,673$8,335,182
65$12,503,050$5,370,663$4,129,038$8,962,191
66$13,721,354$5,576,819$4,210,355$9,645,697
67$15,062,131$5,791,281$4,292,599$10,391,200
68$16,537,813$6,014,399$4,375,747$11,204,750
69$18,162,106$6,246,540$4,459,770$12,093,006
70$19,950,105$6,488,085$4,544,636$13,063,294
71$21,918,447$6,739,432$4,630,313$14,123,678
72$24,085,463$7,000,999$4,716,763$15,283,030
73$26,471,351$7,273,219$4,803,946$16,551,118
74$29,098,370$7,556,547$4,891,819$17,938,691
75$31,991,042$7,851,457$4,980,334$19,457,585
76$35,176,394$8,158,444$5,069,440$21,120,826
77$38,684,203$8,478,024$5,159,083$22,942,756
78$42,547,282$8,810,738$5,249,203$24,939,167
79$46,801,790$9,157,150$5,339,736$27,127,443
80$51,487,571$9,517,848$5,430,616$29,526,729
81$56,648,529$9,893,448$5,521,767$32,158,103
82$62,333,045$10,284,594$5,613,113$35,044,777
83$68,594,433$10,691,956$5,704,569$38,212,314
84$75,491,440$11,116,237$5,796,047$41,688,863
85$83,088,804$11,558,169$5,887,451$45,505,428
86$91,457,861$12,018,519$5,978,680$49,696,151
87$100,677,223$12,498,087$6,069,627$54,298,640
88$110,833,516$12,997,709$6,160,175$59,354,312
89$122,022,199$13,518,260$6,250,205$64,908,791
90$134,348,462$14,060,654$6,339,586$71,012,326
91$147,928,224$14,625,845$6,428,181$77,720,268
92$162,889,223$15,214,831$6,515,845$85,093,590
93$179,372,221$15,828,656$6,602,423$93,199,453
94$197,532,337$16,468,410$6,687,754$102,111,845
95$217,540,506$17,135,232$6,771,664$111,912,266
96$239,585,093$17,830,314$6,853,970$122,690,503
97$263,873,675$18,554,902$6,934,481$134,545,466
98$290,634,997$19,310,299$7,012,992$147,586,122
99$320,121,128$20,097,865$7,089,289$161,932,519
100$352,609,848$20,919,025$7,163,145$177,716,910