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%19.7%
1 years$241,957$239,801$237,699$235,646$233,642$224,550
2 years$119,781$117,550$115,388$113,292$111,258$102,207
3 years$79,060$76,820$74,664$72,587$70,587$61,863
4 years$58,704$56,471$54,336$52,295$50,343$42,012
5 years$46,494$44,274$42,167$40,167$38,270$30,353
6 years$38,356$36,153$34,077$32,122$30,282$22,785
7 years$32,546$30,361$28,318$26,409$24,627$17,548
8 years$28,190$26,025$24,016$22,154$20,431$13,761
9 years$24,804$22,660$20,685$18,870$17,206$10,936
10 years$22,097$19,973$18,034$16,267$14,660$8,779
11 years$19,884$17,781$15,877$14,157$12,608$7,102
12 years$18,040$15,959$14,090$12,417$10,926$5,781
13 years$16,482$14,423$12,589$10,963$9,528$4,728
14 years$15,147$13,110$11,311$9,731$8,352$3,881
15 years$13,991$11,976$10,212$8,679$7,354$3,196
16 years$12,981$10,988$9,259$7,771$6,499$2,639
17 years$12,091$10,119$8,425$6,982$5,763$2,183
18 years$11,300$9,351$7,691$6,292$5,124$1,809
19 years$10,593$8,666$7,041$5,686$4,567$1,501
20 years$9,958$8,053$6,462$5,149$4,079$1,247
21 years$9,384$7,501$5,944$4,673$3,651$1,037
22 years$8,863$7,002$5,478$4,249$3,272$863
23 years$8,388$6,549$5,058$3,870$2,937$719
24 years$7,953$6,136$4,678$3,530$2,640$599
25 years$7,554$5,758$4,332$3,223$2,376$499
26 years$7,186$5,412$4,018$2,947$2,140$416
27 years$6,846$5,093$3,731$2,698$1,929$347
28 years$6,530$4,799$3,469$2,472$1,741$290
29 years$6,237$4,527$3,228$2,267$1,572$242
30 years$5,964$4,276$3,007$2,080$1,420$202
31 years$5,709$4,042$2,803$1,910$1,284$168
32 years$5,471$3,824$2,615$1,756$1,162$141
33 years$5,247$3,622$2,442$1,615$1,051$117
34 years$5,037$3,433$2,282$1,486$952$98
35 years$4,840$3,256$2,133$1,368$862$82
36 years$4,654$3,090$1,995$1,259$781$68
37 years$4,478$2,935$1,868$1,160$708$57
38 years$4,312$2,789$1,749$1,070$642$48
39 years$4,155$2,652$1,639$986$582$40
40 years$4,006$2,524$1,536$910$528$33
41 years$3,865$2,402$1,440$839$479$28
42 years$3,730$2,288$1,351$775$435$23
43 years$3,603$2,180$1,268$715$394$19
44 years$3,481$2,078$1,190$660$358$16
45 years$3,366$1,981$1,117$610$325$14
46 years$3,255$1,890$1,049$563$295$11
47 years$3,150$1,804$986$520$268$9
48 years$3,049$1,722$926$481$243$8
49 years$2,953$1,644$871$444$221$7
50 years$2,861$1,571$819$411$201$6

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 $6,763 every year, while hoping to spend $37,386 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: 52/41/7 Blend
49$2,930,000$2,930,000$2,930,000$2,930,000
50$3,235,836$3,080,546$3,035,131$3,398,226
51$3,526,113$3,191,714$3,097,030$3,620,385
52$3,844,745$3,307,077$3,159,749$3,857,222
53$4,194,585$3,426,800$3,223,276$4,113,880
54$4,578,776$3,551,056$3,287,599$4,392,232
55$5,000,778$3,680,025$3,352,701$4,694,338
56$5,464,407$3,813,896$3,418,566$5,022,464
57$5,973,862$3,952,862$3,485,174$5,379,100
58$6,533,773$4,097,129$3,552,504$5,766,984
59$7,149,238$4,246,909$3,620,532$6,189,127
60$7,825,874$4,402,421$3,689,234$6,648,843
61$8,569,870$4,563,897$3,758,581$7,149,774
62$9,388,046$4,731,577$3,828,542$7,695,929
63$10,287,913$4,905,711$3,899,085$8,291,718
64$11,277,749$5,086,559$3,970,173$8,941,995
65$12,366,672$5,274,393$4,041,766$9,652,098
66$13,564,732$5,469,498$4,113,824$10,427,905
67$14,882,998$5,672,167$4,186,301$11,275,884
68$16,333,669$5,882,708$4,259,148$12,203,154
69$17,930,186$6,101,443$4,332,312$13,217,552
70$19,687,358$6,328,707$4,405,737$14,327,702
71$21,621,502$6,564,848$4,479,363$15,543,103
72$23,750,600$6,810,229$4,553,126$16,874,209
73$26,094,462$7,065,231$4,626,956$18,332,533
74$28,674,918$7,330,249$4,700,781$19,930,747
75$31,516,025$7,605,696$4,774,522$21,682,809
76$34,644,286$7,892,002$4,848,095$23,604,087
77$38,088,910$8,189,616$4,921,413$25,711,505
78$41,882,078$8,499,007$4,994,380$28,023,699
79$46,059,255$8,820,664$5,066,897$30,561,194
80$50,659,518$9,155,095$5,138,856$33,346,595
81$55,725,927$9,502,833$5,210,147$36,404,800
82$61,305,934$9,864,434$5,280,648$39,763,227
83$67,451,823$10,240,475$5,350,234$43,452,081
84$74,221,213$10,631,563$5,418,771$47,504,629
85$81,677,594$11,038,326$5,486,117$51,957,513
86$89,890,929$11,461,425$5,552,122$56,851,100
87$98,938,314$11,901,545$5,616,629$62,229,851
88$108,904,705$12,359,404$5,679,469$68,142,747
89$119,883,720$12,835,750$5,740,467$74,643,745
90$131,978,524$13,331,366$5,799,437$81,792,284
91$145,302,797$13,847,067$5,856,182$89,653,846
92$159,981,814$14,383,704$5,910,495$98,300,568
93$176,153,622$14,942,169$5,962,159$107,811,926
94$193,970,344$15,523,388$6,010,945$118,275,474
95$213,599,617$16,128,332$6,056,609$129,787,676
96$235,226,172$16,758,014$6,098,899$142,454,806
97$259,053,576$17,413,491$6,137,547$156,393,954
98$285,306,157$18,095,868$6,172,271$171,734,122
99$314,231,118$18,806,299$6,202,775$188,617,444
100$346,100,873$19,545,988$6,228,749$207,200,520