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

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$241,957$239,801$237,699$235,646$233,642$230,818
2 years$119,781$117,550$115,388$113,292$111,258$108,416
3 years$79,060$76,820$74,664$72,587$70,587$67,815
4 years$58,704$56,471$54,336$52,295$50,343$47,663
5 years$46,494$44,274$42,167$40,167$38,270$35,689
6 years$38,356$36,153$34,077$32,122$30,282$27,804
7 years$32,546$30,361$28,318$26,409$24,627$22,253
8 years$28,190$26,025$24,016$22,154$20,431$18,159
9 years$24,804$22,660$20,685$18,870$17,206$15,037
10 years$22,097$19,973$18,034$16,267$14,660$12,592
11 years$19,884$17,781$15,877$14,157$12,608$10,639
12 years$18,040$15,959$14,090$12,417$10,926$9,054
13 years$16,482$14,423$12,589$10,963$9,528$7,750
14 years$15,147$13,110$11,311$9,731$8,352$6,666
15 years$13,991$11,976$10,212$8,679$7,354$5,757
16 years$12,981$10,988$9,259$7,771$6,499$4,989
17 years$12,091$10,119$8,425$6,982$5,763$4,336
18 years$11,300$9,351$7,691$6,292$5,124$3,778
19 years$10,593$8,666$7,041$5,686$4,567$3,298
20 years$9,958$8,053$6,462$5,149$4,079$2,885
21 years$9,384$7,501$5,944$4,673$3,651$2,527
22 years$8,863$7,002$5,478$4,249$3,272$2,217
23 years$8,388$6,549$5,058$3,870$2,937$1,947
24 years$7,953$6,136$4,678$3,530$2,640$1,712
25 years$7,554$5,758$4,332$3,223$2,376$1,506
26 years$7,186$5,412$4,018$2,947$2,140$1,327
27 years$6,846$5,093$3,731$2,698$1,929$1,169
28 years$6,530$4,799$3,469$2,472$1,741$1,031
29 years$6,237$4,527$3,228$2,267$1,572$910
30 years$5,964$4,276$3,007$2,080$1,420$803
31 years$5,709$4,042$2,803$1,910$1,284$709
32 years$5,471$3,824$2,615$1,756$1,162$626
33 years$5,247$3,622$2,442$1,615$1,051$553
34 years$5,037$3,433$2,282$1,486$952$489
35 years$4,840$3,256$2,133$1,368$862$432
36 years$4,654$3,090$1,995$1,259$781$382
37 years$4,478$2,935$1,868$1,160$708$338
38 years$4,312$2,789$1,749$1,070$642$299
39 years$4,155$2,652$1,639$986$582$265
40 years$4,006$2,524$1,536$910$528$234
41 years$3,865$2,402$1,440$839$479$207
42 years$3,730$2,288$1,351$775$435$183
43 years$3,603$2,180$1,268$715$394$162
44 years$3,481$2,078$1,190$660$358$144
45 years$3,366$1,981$1,117$610$325$127
46 years$3,255$1,890$1,049$563$295$113
47 years$3,150$1,804$986$520$268$100
48 years$3,049$1,722$926$481$243$88
49 years$2,953$1,644$871$444$221$78
50 years$2,861$1,571$819$411$201$69

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 $4,523 every year, while hoping to spend $44,758 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: 34/44/22 Blend
49$2,930,000$2,930,000$2,930,000$2,930,000
50$3,233,525$3,078,235$3,032,820$3,321,603
51$3,515,723$3,181,447$3,086,798$3,490,574
52$3,825,204$3,288,215$3,141,083$3,668,249
53$4,164,706$3,398,668$3,195,640$3,858,937
54$4,537,240$3,512,937$3,250,428$4,063,819
55$4,946,126$3,631,159$3,305,405$4,284,192
56$5,395,021$3,753,476$3,360,526$4,521,481
57$5,887,951$3,880,034$3,415,742$4,777,252
58$6,429,353$4,010,987$3,471,000$5,053,226
59$7,024,114$4,146,492$3,526,246$5,351,295
60$7,677,619$4,286,715$3,581,420$5,673,538
61$8,395,797$4,431,826$3,636,459$6,022,243
62$9,185,185$4,582,001$3,691,297$6,399,925
63$10,052,980$4,737,426$3,745,861$6,809,348
64$11,007,113$4,898,289$3,800,077$7,253,556
65$12,056,323$5,064,790$3,853,864$7,735,897
66$13,210,237$5,237,133$3,907,137$8,260,052
67$14,479,461$5,415,533$3,959,807$8,830,075
68$15,875,683$5,600,210$4,011,777$9,450,424
69$17,411,777$5,791,395$4,062,946$10,126,007
70$19,101,931$5,989,327$4,113,208$10,862,226
71$20,961,777$6,194,253$4,162,449$11,665,027
72$23,008,538$6,406,431$4,210,551$12,540,954
73$25,261,192$6,626,128$4,257,386$13,497,214
74$27,740,648$6,853,623$4,302,823$14,541,739
75$30,469,947$7,089,204$4,346,721$15,683,263
76$33,474,477$7,333,170$4,388,932$16,931,404
77$36,782,212$7,585,834$4,429,299$18,296,751
78$40,423,975$7,847,518$4,467,659$19,790,965
79$44,433,734$8,118,559$4,503,838$21,426,890
80$48,848,912$8,399,306$4,537,654$23,218,667
81$53,710,751$8,690,122$4,568,916$25,181,872
82$59,064,695$8,991,385$4,597,421$27,333,662
83$64,960,817$9,303,486$4,622,958$29,692,930
84$71,454,296$9,626,833$4,645,303$32,280,489
85$78,605,936$9,961,850$4,664,223$35,119,263
86$86,482,738$10,308,976$4,679,470$38,234,503
87$95,158,531$10,668,670$4,690,786$41,654,026
88$104,714,674$11,041,407$4,697,900$45,408,471
89$115,240,817$11,427,683$4,700,527$49,531,593
90$126,835,752$11,828,011$4,698,366$54,060,578
91$139,608,343$12,242,927$4,691,105$59,036,390
92$153,678,551$12,672,988$4,678,414$64,504,158
93$169,178,570$13,118,771$4,659,948$70,513,603
94$186,254,072$13,580,879$4,635,345$77,119,500
95$205,065,583$14,059,938$4,604,224$84,382,198
96$225,789,997$14,556,600$4,566,190$92,368,186
97$248,622,244$15,071,541$4,520,825$101,150,719
98$273,777,133$15,605,466$4,467,693$110,810,508
99$301,491,377$16,159,110$4,406,336$121,436,480
100$332,025,826$16,733,235$4,336,277$133,126,614